Can I retire at age 64 with 805,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $805,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$66,476$65,884$65,306$64,742$64,192$63,548
2 years$32,909$32,296$31,702$31,126$30,568$29,919
3 years$21,721$21,106$20,513$19,943$19,393$18,760
4 years$16,129$15,515$14,928$14,368$13,831$13,219
5 years$12,774$12,164$11,585$11,036$10,514$9,924
6 years$10,538$9,933$9,362$8,825$8,320$7,752
7 years$8,942$8,342$7,780$7,256$6,766$6,222
8 years$7,745$7,150$6,598$6,087$5,613$5,092
9 years$6,815$6,226$5,683$5,185$4,727$4,229
10 years$6,071$5,488$4,955$4,469$4,028$3,552
11 years$5,463$4,885$4,362$3,889$3,464$3,010
12 years$4,956$4,385$3,871$3,412$3,002$2,570
13 years$4,528$3,963$3,459$3,012$2,618$2,207
14 years$4,162$3,602$3,108$2,674$2,295$1,905
15 years$3,844$3,290$2,806$2,384$2,020$1,651
16 years$3,566$3,019$2,544$2,135$1,786$1,435
17 years$3,322$2,780$2,315$1,918$1,583$1,252
18 years$3,105$2,569$2,113$1,729$1,408$1,094
19 years$2,910$2,381$1,934$1,562$1,255$959
20 years$2,736$2,213$1,775$1,415$1,121$842
21 years$2,578$2,061$1,633$1,284$1,003$740
22 years$2,435$1,924$1,505$1,167$899$652
23 years$2,305$1,799$1,390$1,063$807$575
24 years$2,185$1,686$1,285$970$725$507
25 years$2,075$1,582$1,190$886$653$448
26 years$1,974$1,487$1,104$810$588$396
27 years$1,881$1,399$1,025$741$530$351
28 years$1,794$1,319$953$679$478$310
29 years$1,714$1,244$887$623$432$275
30 years$1,639$1,175$826$572$390$244
31 years$1,569$1,110$770$525$353$216
32 years$1,503$1,051$719$482$319$192
33 years$1,442$995$671$444$289$170
34 years$1,384$943$627$408$261$151
35 years$1,330$895$586$376$237$134
36 years$1,279$849$548$346$215$119
37 years$1,230$806$513$319$194$106
38 years$1,185$766$481$294$176$94
39 years$1,141$729$450$271$160$83
40 years$1,101$693$422$250$145$74
41 years$1,062$660$396$231$132$66
42 years$1,025$629$371$213$119$59
43 years$990$599$348$196$108$52
44 years$956$571$327$181$98$46
45 years$925$544$307$168$89$41
46 years$894$519$288$155$81$37
47 years$865$496$271$143$74$33
48 years$838$473$255$132$67$29
49 years$811$452$239$122$61$26
50 years$786$432$225$113$55$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $805,000, adding $4,169 every year, while hoping to spend $25,939 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 41/39/20 Blend
63$805,000$805,000$805,000$805,000
64$891,410$848,745$836,268$922,553
65$954,735$862,735$836,684$959,131
66$1,023,650$876,541$836,245$995,884
67$1,098,697$890,126$834,894$1,035,131
68$1,180,474$903,452$832,573$1,077,115
69$1,269,639$916,477$829,220$1,122,101
70$1,366,913$929,156$824,770$1,170,386
71$1,473,095$941,442$819,157$1,222,295
72$1,589,060$953,282$812,308$1,278,189
73$1,715,773$964,621$804,149$1,338,467
74$1,854,297$975,403$794,603$1,403,568
75$2,005,801$985,563$783,588$1,473,978
76$2,171,573$995,036$771,018$1,550,234
77$2,353,031$1,003,750$756,805$1,632,930
78$2,551,736$1,011,630$740,854$1,722,721
79$2,769,408$1,018,595$723,067$1,820,331
80$3,007,941$1,024,559$703,343$1,926,558
81$3,269,419$1,029,431$681,574$2,042,287
82$3,556,141$1,033,114$657,647$2,168,491
83$3,870,635$1,035,504$631,446$2,306,247
84$4,215,688$1,036,492$602,848$2,456,745
85$4,594,369$1,035,961$571,724$2,621,296
86$5,010,060$1,033,788$537,942$2,801,351
87$5,466,483$1,029,841$501,360$2,998,509
88$5,967,742$1,023,980$461,833$3,214,536
89$6,518,354$1,016,058$419,207$3,451,382
90$7,123,300$1,005,918$373,324$3,711,199
91$7,788,061$993,394$324,015$3,996,364
92$8,518,682$978,308$271,108$4,309,497
93$9,321,817$960,475$214,420$4,653,492
94$10,204,800$939,696$153,761$5,031,542
95$11,175,711$915,762$88,932$5,447,172
96$12,243,450$888,451$19,728$5,904,269
97$13,417,824$857,528$0$6,407,124
98$14,709,640$822,744$0$6,972,021
99$16,130,801$783,836$0$7,597,876
100$17,694,425$740,527$0$8,286,288