Can I retire at age 64 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$65,237$64,656$64,089$63,536$62,996$62,520
2 years$32,296$31,694$31,111$30,546$29,998$29,518
3 years$21,317$20,713$20,131$19,571$19,032$18,563
4 years$15,828$15,226$14,650$14,100$13,574$13,120
5 years$12,536$11,937$11,369$10,830$10,319$9,880
6 years$10,342$9,748$9,188$8,661$8,165$7,743
7 years$8,775$8,186$7,635$7,121$6,640$6,235
8 years$7,601$7,017$6,475$5,973$5,509$5,120
9 years$6,688$6,110$5,577$5,088$4,639$4,267
10 years$5,958$5,385$4,862$4,386$3,953$3,597
11 years$5,361$4,794$4,281$3,817$3,399$3,060
12 years$4,864$4,303$3,799$3,348$2,946$2,622
13 years$4,444$3,889$3,394$2,956$2,569$2,261
14 years$4,084$3,535$3,050$2,624$2,252$1,959
15 years$3,772$3,229$2,753$2,340$1,983$1,704
16 years$3,500$2,963$2,496$2,095$1,752$1,488
17 years$3,260$2,728$2,272$1,883$1,554$1,303
18 years$3,047$2,521$2,074$1,697$1,382$1,144
19 years$2,856$2,337$1,898$1,533$1,231$1,007
20 years$2,685$2,171$1,742$1,388$1,100$888
21 years$2,530$2,022$1,603$1,260$984$784
22 years$2,390$1,888$1,477$1,146$882$694
23 years$2,262$1,766$1,364$1,043$792$614
24 years$2,144$1,654$1,261$952$712$545
25 years$2,037$1,553$1,168$869$641$484
26 years$1,938$1,459$1,083$795$577$430
27 years$1,846$1,373$1,006$727$520$382
28 years$1,761$1,294$935$666$469$340
29 years$1,682$1,221$870$611$424$302
30 years$1,608$1,153$811$561$383$269
31 years$1,539$1,090$756$515$346$240
32 years$1,475$1,031$705$473$313$214
33 years$1,415$977$658$435$283$191
34 years$1,358$926$615$401$257$170
35 years$1,305$878$575$369$232$152
36 years$1,255$833$538$340$211$135
37 years$1,207$791$504$313$191$121
38 years$1,163$752$472$288$173$108
39 years$1,120$715$442$266$157$96
40 years$1,080$680$414$245$142$86
41 years$1,042$648$388$226$129$77
42 years$1,006$617$364$209$117$69
43 years$971$588$342$193$106$61
44 years$939$560$321$178$97$55
45 years$907$534$301$164$88$49
46 years$878$510$283$152$80$44
47 years$849$486$266$140$72$39
48 years$822$464$250$130$66$35
49 years$796$443$235$120$60$31
50 years$771$424$221$111$54$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $790,000, adding $2,115 every year, while hoping to spend $53,499 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: 78/14/8 Blend
63$790,000$790,000$790,000$790,000
64$872,762$830,892$818,647$939,707
65$904,861$814,683$789,149$967,745
66$938,441$795,887$756,870$991,340
67$973,597$774,320$721,660$1,015,645
68$1,010,431$749,789$683,362$1,040,707
69$1,049,054$722,088$641,814$1,066,577
70$1,089,587$690,999$596,844$1,093,315
71$1,132,160$656,294$548,274$1,120,983
72$1,176,916$617,728$495,917$1,149,653
73$1,224,009$575,044$439,578$1,179,405
74$1,273,608$527,971$379,054$1,210,325
75$1,325,896$476,221$314,131$1,242,513
76$1,381,072$419,491$244,589$1,276,077
77$1,439,353$357,458$170,195$1,311,137
78$1,500,978$289,784$90,708$1,347,829
79$1,566,205$216,111$5,874$1,386,301
80$1,635,318$136,060$0$1,426,719
81$1,708,624$49,231$0$1,476,496
82$1,786,463$0$0$1,529,613
83$1,869,204$0$0$1,592,722
84$1,957,250$0$0$1,667,963
85$2,051,045$0$0$1,748,131
86$2,151,073$0$0$1,833,643
87$2,257,865$0$0$1,924,954
88$2,372,001$0$0$2,022,563
89$2,494,121$0$0$2,127,019
90$2,624,922$0$0$2,238,920
91$2,765,172$0$0$2,358,926
92$2,915,711$0$0$2,487,760
93$3,077,463$0$0$2,626,213
94$3,251,440$0$0$2,775,157
95$3,438,756$0$0$2,935,547
96$3,640,631$0$0$3,108,432
97$3,858,408$0$0$3,294,966
98$4,093,560$0$0$3,496,414
99$4,347,709$0$0$3,714,169
100$4,622,633$0$0$3,949,761