Can I retire at age 64 with 806,000?

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 $806,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$66,559$65,966$65,387$64,823$64,272$63,548
2 years$32,950$32,336$31,741$31,165$30,606$29,877
3 years$21,748$21,132$20,539$19,968$19,417$18,706
4 years$16,149$15,534$14,947$14,386$13,849$13,161
5 years$12,790$12,179$11,599$11,049$10,528$9,865
6 years$10,551$9,945$9,374$8,836$8,330$7,693
7 years$8,953$8,352$7,790$7,265$6,775$6,164
8 years$7,755$7,159$6,606$6,094$5,620$5,036
9 years$6,823$6,233$5,690$5,191$4,733$4,175
10 years$6,079$5,494$4,961$4,475$4,033$3,501
11 years$5,470$4,891$4,367$3,894$3,468$2,961
12 years$4,963$4,390$3,876$3,416$3,006$2,523
13 years$4,534$3,967$3,463$3,016$2,621$2,163
14 years$4,167$3,606$3,111$2,677$2,297$1,863
15 years$3,849$3,294$2,809$2,387$2,023$1,611
16 years$3,571$3,023$2,547$2,138$1,788$1,398
17 years$3,326$2,784$2,318$1,921$1,585$1,217
18 years$3,108$2,572$2,116$1,731$1,409$1,062
19 years$2,914$2,384$1,937$1,564$1,256$928
20 years$2,739$2,215$1,778$1,417$1,122$813
21 years$2,581$2,063$1,635$1,286$1,004$713
22 years$2,438$1,926$1,507$1,169$900$627
23 years$2,307$1,801$1,391$1,065$808$551
24 years$2,188$1,688$1,287$971$726$485
25 years$2,078$1,584$1,192$887$654$428
26 years$1,977$1,489$1,105$811$589$377
27 years$1,883$1,401$1,026$742$531$333
28 years$1,796$1,320$954$680$479$294
29 years$1,716$1,245$888$624$432$260
30 years$1,641$1,176$827$572$391$230
31 years$1,571$1,112$771$526$353$203
32 years$1,505$1,052$719$483$320$180
33 years$1,443$996$672$444$289$159
34 years$1,386$944$628$409$262$141
35 years$1,331$896$587$376$237$125
36 years$1,280$850$549$346$215$111
37 years$1,232$807$514$319$195$98
38 years$1,186$767$481$294$177$87
39 years$1,143$730$451$271$160$77
40 years$1,102$694$423$250$145$68
41 years$1,063$661$396$231$132$60
42 years$1,026$629$372$213$120$54
43 years$991$600$349$197$108$48
44 years$958$572$327$182$98$42
45 years$926$545$307$168$89$37
46 years$895$520$289$155$81$33
47 years$866$496$271$143$74$29
48 years$839$474$255$132$67$26
49 years$812$452$240$122$61$23
50 years$787$432$225$113$55$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $806,000, adding $4,465 every year, while hoping to spend $49,662 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: 62/23/15 Blend
63$806,000$806,000$806,000$806,000
64$892,818$850,100$837,607$944,596
65$931,045$838,915$812,826$968,743
66$971,507$825,517$785,552$989,060
67$1,014,380$809,746$755,646$1,010,048
68$1,059,854$791,431$722,968$1,031,774
69$1,108,140$770,392$687,369$1,054,315
70$1,159,467$746,438$648,692$1,077,758
71$1,214,086$719,367$606,776$1,102,201
72$1,272,270$688,964$561,451$1,127,753
73$1,334,322$655,003$512,540$1,154,537
74$1,400,570$617,245$459,857$1,182,693
75$1,471,375$575,436$403,209$1,212,376
76$1,547,132$529,310$342,393$1,243,759
77$1,628,275$478,581$277,199$1,277,040
78$1,715,279$422,953$207,406$1,312,436
79$1,808,668$362,107$132,784$1,350,192
80$1,909,012$295,711$53,092$1,390,582
81$2,016,941$223,410$0$1,433,911
82$2,133,145$144,833$0$1,485,636
83$2,258,382$59,586$0$1,550,422
84$2,393,484$0$0$1,620,232
85$2,539,366$0$0$1,703,874
86$2,697,033$0$0$1,810,618
87$2,867,589$0$0$1,926,137
88$3,052,250$0$0$2,051,262
89$3,252,348$0$0$2,186,901
90$3,469,354$0$0$2,334,058
91$3,704,879$0$0$2,493,834
92$3,960,700$0$0$2,667,440
93$4,238,770$0$0$2,856,210
94$4,541,236$0$0$3,061,611
95$4,870,462$0$0$3,285,255
96$5,229,049$0$0$3,528,919
97$5,619,859$0$0$3,794,557
98$6,046,040$0$0$4,084,319
99$6,511,060$0$0$4,400,572
100$7,018,735$0$0$4,745,922