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%19.6%
1 years$66,641$66,048$65,469$64,903$64,351$61,871
2 years$32,991$32,376$31,781$31,203$30,643$28,175
3 years$21,775$21,158$20,564$19,992$19,441$17,061
4 years$16,169$15,554$14,966$14,403$13,866$11,592
5 years$12,806$12,194$11,614$11,063$10,541$8,380
6 years$10,564$9,957$9,386$8,847$8,340$6,294
7 years$8,964$8,362$7,800$7,274$6,783$4,850
8 years$7,764$7,168$6,615$6,102$5,627$3,806
9 years$6,832$6,241$5,697$5,197$4,739$3,026
10 years$6,086$5,501$4,967$4,480$4,038$2,431
11 years$5,476$4,897$4,373$3,899$3,473$1,968
12 years$4,969$4,396$3,881$3,420$3,009$1,603
13 years$4,539$3,972$3,467$3,019$2,624$1,312
14 years$4,172$3,611$3,115$2,680$2,300$1,078
15 years$3,854$3,298$2,813$2,390$2,025$888
16 years$3,575$3,026$2,550$2,140$1,790$734
17 years$3,330$2,787$2,321$1,923$1,587$607
18 years$3,112$2,575$2,118$1,733$1,411$504
19 years$2,918$2,387$1,939$1,566$1,258$418
20 years$2,743$2,218$1,780$1,418$1,124$348
21 years$2,585$2,066$1,637$1,287$1,005$289
22 years$2,441$1,929$1,509$1,170$901$241
23 years$2,310$1,804$1,393$1,066$809$201
24 years$2,191$1,690$1,288$972$727$168
25 years$2,081$1,586$1,193$888$654$140
26 years$1,979$1,491$1,107$812$589$117
27 years$1,885$1,403$1,028$743$531$97
28 years$1,799$1,322$955$681$479$81
29 years$1,718$1,247$889$624$433$68
30 years$1,643$1,178$828$573$391$57
31 years$1,572$1,113$772$526$354$47
32 years$1,507$1,053$720$484$320$40
33 years$1,445$998$673$445$290$33
34 years$1,387$945$628$409$262$28
35 years$1,333$897$588$377$237$23
36 years$1,282$851$550$347$215$19
37 years$1,233$808$514$320$195$16
38 years$1,188$768$482$295$177$14
39 years$1,144$731$451$272$160$11
40 years$1,103$695$423$251$145$9
41 years$1,064$662$397$231$132$8
42 years$1,027$630$372$213$120$7
43 years$992$600$349$197$109$6
44 years$959$572$328$182$99$5
45 years$927$546$308$168$90$4
46 years$897$521$289$155$81$3
47 years$868$497$272$143$74$3
48 years$840$474$255$132$67$2
49 years$813$453$240$122$61$2
50 years$788$433$225$113$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $807,000, adding $4,033 every year, while hoping to spend $38,771 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: 42/36/22 Blend
63$807,000$807,000$807,000$807,000
64$893,474$850,703$838,195$925,093
65$943,356$851,135$825,022$948,430
66$997,027$850,290$810,109$969,649
67$1,054,832$848,062$793,356$991,844
68$1,117,151$844,343$774,659$1,015,125
69$1,184,399$839,015$753,909$1,039,618
70$1,257,036$831,955$730,993$1,065,461
71$1,335,565$823,031$705,792$1,092,810
72$1,420,538$812,106$678,182$1,121,842
73$1,512,565$799,030$648,033$1,152,751
74$1,612,312$783,648$615,208$1,185,759
75$1,720,516$765,795$579,565$1,221,111
76$1,837,985$745,295$540,957$1,259,080
77$1,965,607$721,963$499,227$1,299,974
78$2,104,362$695,602$454,214$1,344,134
79$2,255,325$666,005$405,748$1,391,941
80$2,419,681$632,952$353,653$1,443,820
81$2,598,732$596,209$297,744$1,500,245
82$2,793,911$555,533$237,827$1,561,742
83$3,006,797$510,661$173,702$1,628,898
84$3,239,127$461,320$105,157$1,702,365
85$3,492,812$407,218$31,973$1,782,869
86$3,769,956$348,049$0$1,871,216
87$4,072,877$283,489$0$1,979,128
88$4,404,125$213,194$0$2,105,486
89$4,766,508$136,804$0$2,243,941
90$5,163,119$53,934$0$2,395,777
91$5,597,363$0$0$2,562,418
92$6,072,989$0$0$2,759,628
93$6,594,127$0$0$2,999,219
94$7,165,324$0$0$3,261,929
95$7,791,589$0$0$3,550,073
96$8,478,439$0$0$3,866,205
97$9,231,948$0$0$4,213,134
98$10,058,810$0$0$4,593,955
99$10,966,396$0$0$5,012,080
100$11,962,825$0$0$5,471,264