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%12.7%
1 years$66,641$66,048$65,469$64,903$64,351$63,626
2 years$32,991$32,376$31,781$31,203$30,643$29,914
3 years$21,775$21,158$20,564$19,992$19,441$18,729
4 years$16,169$15,554$14,966$14,403$13,866$13,177
5 years$12,806$12,194$11,614$11,063$10,541$9,877
6 years$10,564$9,957$9,386$8,847$8,340$7,703
7 years$8,964$8,362$7,800$7,274$6,783$6,172
8 years$7,764$7,168$6,615$6,102$5,627$5,042
9 years$6,832$6,241$5,697$5,197$4,739$4,180
10 years$6,086$5,501$4,967$4,480$4,038$3,505
11 years$5,476$4,897$4,373$3,899$3,473$2,965
12 years$4,969$4,396$3,881$3,420$3,009$2,526
13 years$4,539$3,972$3,467$3,019$2,624$2,165
14 years$4,172$3,611$3,115$2,680$2,300$1,865
15 years$3,854$3,298$2,813$2,390$2,025$1,613
16 years$3,575$3,026$2,550$2,140$1,790$1,400
17 years$3,330$2,787$2,321$1,923$1,587$1,218
18 years$3,112$2,575$2,118$1,733$1,411$1,063
19 years$2,918$2,387$1,939$1,566$1,258$929
20 years$2,743$2,218$1,780$1,418$1,124$814
21 years$2,585$2,066$1,637$1,287$1,005$714
22 years$2,441$1,929$1,509$1,170$901$627
23 years$2,310$1,804$1,393$1,066$809$552
24 years$2,191$1,690$1,288$972$727$486
25 years$2,081$1,586$1,193$888$654$428
26 years$1,979$1,491$1,107$812$589$378
27 years$1,885$1,403$1,028$743$531$333
28 years$1,799$1,322$955$681$479$295
29 years$1,718$1,247$889$624$433$260
30 years$1,643$1,178$828$573$391$230
31 years$1,572$1,113$772$526$354$204
32 years$1,507$1,053$720$484$320$180
33 years$1,445$998$673$445$290$159
34 years$1,387$945$628$409$262$141
35 years$1,333$897$588$377$237$125
36 years$1,282$851$550$347$215$111
37 years$1,233$808$514$320$195$98
38 years$1,188$768$482$295$177$87
39 years$1,144$731$451$272$160$77
40 years$1,103$695$423$251$145$68
41 years$1,064$662$397$231$132$61
42 years$1,027$630$372$213$120$54
43 years$992$600$349$197$109$48
44 years$959$572$328$182$99$42
45 years$927$546$308$168$90$37
46 years$897$521$289$155$81$33
47 years$868$497$272$143$74$29
48 years$840$474$255$132$67$26
49 years$813$453$240$122$61$23
50 years$788$433$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 $807,000, adding $5,022 every year, while hoping to spend $20,144 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: 32/41/27 Blend
63$807,000$807,000$807,000$807,000
64$894,494$851,723$839,215$915,611
65$964,300$872,025$845,895$952,467
66$1,040,550$892,646$852,125$990,004
67$1,123,881$913,581$857,866$1,030,039
68$1,214,994$934,823$863,082$1,072,805
69$1,314,660$956,365$867,731$1,118,560
70$1,423,727$978,199$871,772$1,167,586
71$1,543,130$1,000,314$875,160$1,220,198
72$1,673,900$1,022,700$877,848$1,276,741
73$1,817,169$1,045,343$879,787$1,337,595
74$1,974,186$1,068,231$880,926$1,403,181
75$2,146,327$1,091,348$881,210$1,473,961
76$2,335,105$1,114,677$880,584$1,550,448
77$2,542,189$1,138,200$878,986$1,633,203
78$2,769,416$1,161,895$876,356$1,722,851
79$3,018,810$1,185,741$872,627$1,820,075
80$3,292,599$1,209,714$867,731$1,925,632
81$3,593,240$1,233,786$861,596$2,040,358
82$3,923,438$1,257,928$854,147$2,165,172
83$4,286,172$1,282,110$845,304$2,301,090
84$4,684,725$1,306,297$834,985$2,449,232
85$5,122,713$1,330,451$823,103$2,610,832
86$5,604,120$1,354,534$809,568$2,787,254
87$6,133,337$1,378,502$794,285$2,980,001
88$6,715,197$1,402,309$777,154$3,190,729
89$7,355,030$1,425,905$758,071$3,421,268
90$8,058,704$1,449,235$736,927$3,673,634
91$8,832,687$1,472,243$713,610$3,950,051
92$9,684,104$1,494,866$687,999$4,252,971
93$10,620,806$1,517,038$659,970$4,585,101
94$11,651,443$1,538,687$629,393$4,949,423
95$12,785,545$1,559,738$596,133$5,349,227
96$14,033,613$1,580,108$560,046$5,788,143
97$15,407,219$1,599,710$520,985$6,270,171
98$16,919,111$1,618,452$478,793$6,799,725
99$18,583,337$1,636,233$433,310$7,381,669
100$20,415,377$1,652,947$384,365$8,021,370