Can I retire at age 64 with 807,000?

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 $807,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$66,641$66,048$65,469$64,903$64,351$62,416
2 years$32,991$32,376$31,781$31,203$30,643$28,710
3 years$21,775$21,158$20,564$19,992$19,441$17,571
4 years$16,169$15,554$14,966$14,403$13,866$12,072
5 years$12,806$12,194$11,614$11,063$10,541$8,828
6 years$10,564$9,957$9,386$8,847$8,340$6,711
7 years$8,964$8,362$7,800$7,274$6,783$5,237
8 years$7,764$7,168$6,615$6,102$5,627$4,163
9 years$6,832$6,241$5,697$5,197$4,739$3,356
10 years$6,086$5,501$4,967$4,480$4,038$2,733
11 years$5,476$4,897$4,373$3,899$3,473$2,244
12 years$4,969$4,396$3,881$3,420$3,009$1,855
13 years$4,539$3,972$3,467$3,019$2,624$1,541
14 years$4,172$3,611$3,115$2,680$2,300$1,286
15 years$3,854$3,298$2,813$2,390$2,025$1,076
16 years$3,575$3,026$2,550$2,140$1,790$903
17 years$3,330$2,787$2,321$1,923$1,587$760
18 years$3,112$2,575$2,118$1,733$1,411$641
19 years$2,918$2,387$1,939$1,566$1,258$541
20 years$2,743$2,218$1,780$1,418$1,124$458
21 years$2,585$2,066$1,637$1,287$1,005$387
22 years$2,441$1,929$1,509$1,170$901$328
23 years$2,310$1,804$1,393$1,066$809$278
24 years$2,191$1,690$1,288$972$727$236
25 years$2,081$1,586$1,193$888$654$200
26 years$1,979$1,491$1,107$812$589$170
27 years$1,885$1,403$1,028$743$531$145
28 years$1,799$1,322$955$681$479$123
29 years$1,718$1,247$889$624$433$105
30 years$1,643$1,178$828$573$391$89
31 years$1,572$1,113$772$526$354$76
32 years$1,507$1,053$720$484$320$64
33 years$1,445$998$673$445$290$55
34 years$1,387$945$628$409$262$47
35 years$1,333$897$588$377$237$40
36 years$1,282$851$550$347$215$34
37 years$1,233$808$514$320$195$29
38 years$1,188$768$482$295$177$25
39 years$1,144$731$451$272$160$21
40 years$1,103$695$423$251$145$18
41 years$1,064$662$397$231$132$15
42 years$1,027$630$372$213$120$13
43 years$992$600$349$197$109$11
44 years$959$572$328$182$99$9
45 years$927$546$308$168$90$8
46 years$897$521$289$155$81$7
47 years$868$497$272$143$74$6
48 years$840$474$255$132$67$5
49 years$813$453$240$122$61$4
50 years$788$433$225$113$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $807,000, adding $3,952 every year, while hoping to spend $55,071 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: 68/17/15 Blend
63$807,000$807,000$807,000$807,000
64$893,390$850,619$838,111$950,753
65$925,921$833,705$807,593$972,567
66$959,924$814,115$774,206$989,531
67$995,492$791,662$737,797$1,006,693
68$1,032,723$766,145$698,205$1,024,067
69$1,071,727$737,352$655,260$1,041,670
70$1,112,619$705,058$608,788$1,059,522
71$1,155,527$669,027$558,603$1,077,649
72$1,200,588$629,007$504,514$1,096,078
73$1,247,953$584,732$446,319$1,114,843
74$1,297,783$535,923$383,810$1,133,985
75$1,350,255$482,282$316,766$1,153,548
76$1,405,563$423,496$244,959$1,173,587
77$1,463,916$359,233$168,151$1,194,162
78$1,525,543$289,143$86,092$1,215,344
79$1,590,694$212,856$0$1,237,214
80$1,659,641$129,982$0$1,260,101
81$1,732,681$40,108$0$1,298,595
82$1,810,140$0$0$1,339,067
83$1,892,372$0$0$1,392,402
84$1,979,767$0$0$1,457,084
85$2,072,748$0$0$1,525,926
86$2,171,782$0$0$1,599,278
87$2,277,377$0$0$1,677,519
88$2,390,091$0$0$1,761,067
89$2,510,534$0$0$1,850,379
90$2,639,378$0$0$1,945,955
91$2,777,356$0$0$2,048,346
92$2,925,274$0$0$2,158,153
93$3,084,015$0$0$2,276,039
94$3,254,549$0$0$2,402,728
95$3,437,941$0$0$2,539,017
96$3,635,358$0$0$2,685,781
97$3,848,084$0$0$2,843,979
98$4,077,530$0$0$3,014,668
99$4,325,242$0$0$3,199,007
100$4,592,922$0$0$3,398,268