Can I retire at age 64 with 808,000?

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 $808,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$66,724$66,130$65,550$64,984$64,431$62,294
2 years$33,032$32,416$31,820$31,242$30,681$28,549
3 years$21,802$21,185$20,590$20,017$19,466$17,405
4 years$16,189$15,573$14,984$14,421$13,883$11,910
5 years$12,822$12,209$11,628$11,077$10,554$8,673
6 years$10,577$9,970$9,397$8,858$8,351$6,564
7 years$8,975$8,373$7,809$7,283$6,791$5,099
8 years$7,774$7,177$6,623$6,109$5,634$4,035
9 years$6,840$6,249$5,704$5,204$4,745$3,236
10 years$6,094$5,508$4,973$4,486$4,043$2,622
11 years$5,483$4,903$4,378$3,904$3,477$2,142
12 years$4,975$4,401$3,886$3,424$3,013$1,761
13 years$4,545$3,977$3,472$3,023$2,627$1,455
14 years$4,177$3,615$3,119$2,684$2,303$1,207
15 years$3,858$3,303$2,816$2,393$2,028$1,005
16 years$3,580$3,030$2,553$2,143$1,792$839
17 years$3,334$2,791$2,323$1,925$1,589$702
18 years$3,116$2,579$2,121$1,735$1,413$588
19 years$2,921$2,390$1,942$1,568$1,259$494
20 years$2,746$2,221$1,782$1,420$1,125$415
21 years$2,588$2,069$1,639$1,289$1,007$349
22 years$2,444$1,931$1,511$1,172$902$294
23 years$2,313$1,806$1,395$1,067$810$248
24 years$2,193$1,692$1,290$973$728$209
25 years$2,083$1,588$1,195$889$655$176
26 years$1,982$1,492$1,108$813$590$149
27 years$1,888$1,404$1,029$744$532$125
28 years$1,801$1,323$957$682$480$106
29 years$1,720$1,249$890$625$433$90
30 years$1,645$1,179$829$574$392$76
31 years$1,574$1,115$773$527$354$64
32 years$1,509$1,055$721$484$320$54
33 years$1,447$999$673$445$290$46
34 years$1,389$947$629$410$262$39
35 years$1,335$898$588$377$238$33
36 years$1,283$852$550$347$215$28
37 years$1,235$809$515$320$195$23
38 years$1,189$769$482$295$177$20
39 years$1,146$731$452$272$160$17
40 years$1,105$696$424$251$146$14
41 years$1,066$662$397$231$132$12
42 years$1,029$631$373$214$120$10
43 years$994$601$350$197$109$9
44 years$960$573$328$182$99$7
45 years$928$546$308$168$90$6
46 years$898$521$289$155$81$5
47 years$869$497$272$143$74$4
48 years$841$475$255$133$67$4
49 years$814$453$240$123$61$3
50 years$789$433$226$113$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $808,000, adding $6,423 every year, while hoping to spend $52,104 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: 78/15/7 Blend
63$808,000$808,000$808,000$808,000
64$897,041$854,217$841,693$965,773
65$933,101$840,636$814,452$998,200
66$971,093$824,642$784,551$1,026,333
67$1,011,159$806,064$751,848$1,055,643
68$1,053,453$784,717$716,191$1,086,225
69$1,098,145$760,408$677,423$1,118,181
70$1,145,418$732,930$635,379$1,151,627
71$1,195,474$702,067$589,888$1,186,687
72$1,248,532$667,588$540,769$1,223,503
73$1,304,832$629,250$487,834$1,262,228
74$1,364,637$586,796$430,889$1,303,034
75$1,428,234$539,952$369,727$1,346,109
76$1,495,936$488,432$304,135$1,391,664
77$1,568,087$431,931$233,890$1,439,929
78$1,645,064$370,128$158,757$1,491,162
79$1,727,280$302,683$78,494$1,545,645
80$1,815,185$229,237$0$1,603,693
81$1,909,276$149,412$0$1,666,187
82$2,010,096$62,807$0$1,739,269
83$2,118,241$0$0$1,817,516
84$2,234,365$0$0$1,906,536
85$2,359,186$0$0$2,013,384
86$2,493,491$0$0$2,128,372
87$2,638,145$0$0$2,252,241
88$2,794,100$0$0$2,385,808
89$2,962,398$0$0$2,529,969
90$3,144,186$0$0$2,685,711
91$3,340,725$0$0$2,854,116
92$3,553,400$0$0$3,036,373
93$3,783,733$0$0$3,233,792
94$4,033,399$0$0$3,447,810
95$4,304,237$0$0$3,680,009
96$4,598,274$0$0$3,932,129
97$4,917,734$0$0$4,206,083
98$5,265,069$0$0$4,503,976
99$5,642,972$0$0$4,828,124
100$6,054,408$0$0$5,181,074