Can I retire at age 64 with 777,000?

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 $777,000?

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$64,164$63,592$63,035$62,491$61,959$59,904
2 years$31,764$31,173$30,599$30,044$29,504$27,454
3 years$20,966$20,372$19,800$19,249$18,719$16,737
4 years$15,568$14,975$14,409$13,868$13,350$11,453
5 years$12,330$11,741$11,182$10,652$10,149$8,340
6 years$10,172$9,587$9,037$8,518$8,030$6,313
7 years$8,631$8,051$7,510$7,003$6,531$4,903
8 years$7,476$6,902$6,369$5,875$5,418$3,880
9 years$6,578$6,009$5,485$5,004$4,563$3,112
10 years$5,860$5,297$4,782$4,314$3,888$2,522
11 years$5,273$4,715$4,210$3,754$3,344$2,060
12 years$4,784$4,232$3,737$3,293$2,897$1,694
13 years$4,371$3,825$3,338$2,907$2,527$1,399
14 years$4,017$3,477$3,000$2,581$2,215$1,161
15 years$3,710$3,176$2,708$2,301$1,950$966
16 years$3,442$2,914$2,455$2,061$1,723$807
17 years$3,206$2,684$2,234$1,852$1,528$675
18 years$2,997$2,480$2,040$1,669$1,359$565
19 years$2,809$2,298$1,867$1,508$1,211$475
20 years$2,641$2,136$1,714$1,366$1,082$399
21 years$2,489$1,989$1,576$1,239$968$336
22 years$2,350$1,857$1,453$1,127$868$283
23 years$2,224$1,737$1,341$1,026$779$238
24 years$2,109$1,627$1,240$936$700$201
25 years$2,003$1,527$1,149$855$630$169
26 years$1,906$1,435$1,066$782$567$143
27 years$1,815$1,351$989$715$512$121
28 years$1,732$1,273$920$655$462$102
29 years$1,654$1,201$856$601$417$86
30 years$1,582$1,134$797$552$377$73
31 years$1,514$1,072$743$507$341$61
32 years$1,451$1,014$694$466$308$52
33 years$1,391$960$648$428$279$44
34 years$1,336$910$605$394$252$37
35 years$1,283$863$566$363$229$31
36 years$1,234$820$529$334$207$27
37 years$1,187$778$495$308$188$22
38 years$1,143$740$464$284$170$19
39 years$1,102$703$435$262$154$16
40 years$1,062$669$407$241$140$14
41 years$1,025$637$382$223$127$11
42 years$989$607$358$205$115$10
43 years$955$578$336$190$105$8
44 years$923$551$316$175$95$7
45 years$892$525$296$162$86$6
46 years$863$501$278$149$78$5
47 years$835$478$261$138$71$4
48 years$809$457$246$127$65$4
49 years$783$436$231$118$59$3
50 years$759$417$217$109$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $777,000, adding $4,773 every year, while hoping to spend $43,360 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: 73/19/8 Blend
63$777,000$777,000$777,000$777,000
64$861,177$819,996$807,953$922,592
65$902,883$814,041$788,885$957,793
66$947,389$806,342$767,724$990,438
67$994,936$796,765$744,356$1,024,976
68$1,045,786$785,174$718,659$1,061,582
69$1,100,228$771,419$690,506$1,100,447
70$1,158,578$755,345$659,764$1,141,784
71$1,221,182$736,787$626,296$1,185,827
72$1,288,422$715,568$589,956$1,232,837
73$1,360,715$691,505$550,593$1,283,099
74$1,438,519$664,400$508,049$1,336,930
75$1,522,337$634,045$462,159$1,394,681
76$1,612,724$600,222$412,749$1,456,738
77$1,710,286$562,697$359,641$1,523,530
78$1,815,691$521,225$302,644$1,595,528
79$1,929,672$475,545$241,564$1,673,255
80$2,053,036$425,385$176,194$1,757,288
81$2,186,669$370,452$106,319$1,848,264
82$2,331,546$310,440$31,717$1,946,889
83$2,488,738$245,026$0$2,053,940
84$2,659,424$173,867$0$2,174,367
85$2,844,900$96,601$0$2,308,185
86$3,046,592$12,847$0$2,453,756
87$3,266,070$0$0$2,612,261
88$3,505,059$0$0$2,801,270
89$3,765,459$0$0$3,010,171
90$4,049,361$0$0$3,237,961
91$4,359,066$0$0$3,486,489
92$4,697,105$0$0$3,757,792
93$5,066,267$0$0$4,054,111
94$5,469,621$0$0$4,377,916
95$5,910,544$0$0$4,731,922
96$6,392,756$0$0$5,119,122
97$6,920,354$0$0$5,542,810
98$7,497,845$0$0$6,006,612
99$8,130,197$0$0$6,514,523
100$8,822,877$0$0$7,070,941