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%17.9%
1 years$66,559$65,966$65,387$64,823$64,272$62,214
2 years$32,950$32,336$31,741$31,165$30,606$28,552
3 years$21,748$21,132$20,539$19,968$19,417$17,432
4 years$16,149$15,534$14,947$14,386$13,849$11,946
5 years$12,790$12,179$11,599$11,049$10,528$8,713
6 years$10,551$9,945$9,374$8,836$8,330$6,606
7 years$8,953$8,352$7,790$7,265$6,775$5,140
8 years$7,755$7,159$6,606$6,094$5,620$4,074
9 years$6,823$6,233$5,690$5,191$4,733$3,274
10 years$6,079$5,494$4,961$4,475$4,033$2,658
11 years$5,470$4,891$4,367$3,894$3,468$2,176
12 years$4,963$4,390$3,876$3,416$3,006$1,792
13 years$4,534$3,967$3,463$3,016$2,621$1,484
14 years$4,167$3,606$3,111$2,677$2,297$1,234
15 years$3,849$3,294$2,809$2,387$2,023$1,029
16 years$3,571$3,023$2,547$2,138$1,788$861
17 years$3,326$2,784$2,318$1,921$1,585$722
18 years$3,108$2,572$2,116$1,731$1,409$606
19 years$2,914$2,384$1,937$1,564$1,256$510
20 years$2,739$2,215$1,778$1,417$1,122$429
21 years$2,581$2,063$1,635$1,286$1,004$362
22 years$2,438$1,926$1,507$1,169$900$306
23 years$2,307$1,801$1,391$1,065$808$258
24 years$2,188$1,688$1,287$971$726$218
25 years$2,078$1,584$1,192$887$654$185
26 years$1,977$1,489$1,105$811$589$156
27 years$1,883$1,401$1,026$742$531$132
28 years$1,796$1,320$954$680$479$112
29 years$1,716$1,245$888$624$432$95
30 years$1,641$1,176$827$572$391$80
31 years$1,571$1,112$771$526$353$68
32 years$1,505$1,052$719$483$320$58
33 years$1,443$996$672$444$289$49
34 years$1,386$944$628$409$262$41
35 years$1,331$896$587$376$237$35
36 years$1,280$850$549$346$215$30
37 years$1,232$807$514$319$195$25
38 years$1,186$767$481$294$177$21
39 years$1,143$730$451$271$160$18
40 years$1,102$694$423$250$145$15
41 years$1,063$661$396$231$132$13
42 years$1,026$629$372$213$120$11
43 years$991$600$349$197$108$9
44 years$958$572$327$182$98$8
45 years$926$545$307$168$89$7
46 years$895$520$289$155$81$6
47 years$866$496$271$143$74$5
48 years$839$474$255$132$67$4
49 years$812$452$240$122$61$3
50 years$787$432$225$113$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $806,000, adding $5,671 every year, while hoping to spend $29,922 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: 60/28/12 Blend
63$806,000$806,000$806,000$806,000
64$894,062$851,344$838,851$944,783
65$953,419$861,223$835,115$989,443
66$1,017,828$870,583$830,252$1,034,256
67$1,087,773$879,367$824,191$1,082,413
68$1,163,784$887,515$816,861$1,134,241
69$1,246,449$894,962$808,184$1,190,096
70$1,336,409$901,638$798,081$1,250,376
71$1,434,375$907,470$786,468$1,315,516
72$1,541,125$912,380$773,259$1,385,998
73$1,657,518$916,284$758,361$1,462,355
74$1,784,497$919,095$741,679$1,545,171
75$1,923,103$920,717$723,112$1,635,096
76$2,074,478$921,052$702,555$1,732,842
77$2,239,884$919,992$679,900$1,839,199
78$2,420,706$917,425$655,030$1,955,035
79$2,618,471$913,232$627,826$2,081,310
80$2,834,859$907,285$598,163$2,219,083
81$3,071,723$899,450$565,910$2,369,522
82$3,331,099$889,584$530,928$2,533,915
83$3,615,233$877,535$493,076$2,713,685
84$3,926,595$863,143$452,203$2,910,400
85$4,267,909$846,238$408,153$3,125,791
86$4,642,172$826,640$360,762$3,361,767
87$5,052,686$804,158$309,860$3,620,435
88$5,503,089$778,591$255,269$3,904,118
89$5,997,386$749,724$196,803$4,215,379
90$6,539,991$717,331$134,267$4,557,045
91$7,135,763$681,174$67,459$4,932,236
92$7,790,059$640,999$0$5,344,392
93$8,508,775$596,538$0$5,797,797
94$9,298,411$547,509$0$6,305,396
95$10,166,124$493,612$0$6,863,186
96$11,119,801$434,532$0$7,476,290
97$12,168,131$369,934$0$8,150,353
98$13,320,684$299,465$0$8,891,601
99$14,588,007$222,752$0$9,706,897
100$15,981,718$139,401$0$10,603,808