Can I retire at age 64 with 794,000?

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 $794,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$65,568$64,984$64,414$63,858$63,315$62,889
2 years$32,459$31,855$31,269$30,701$30,150$29,721
3 years$21,425$20,817$20,233$19,670$19,128$18,709
4 years$15,908$15,303$14,724$14,171$13,642$13,236
5 years$12,599$11,998$11,427$10,885$10,371$9,978
6 years$10,394$9,797$9,235$8,705$8,206$7,828
7 years$8,820$8,228$7,674$7,157$6,674$6,311
8 years$7,639$7,053$6,508$6,004$5,536$5,188
9 years$6,722$6,141$5,605$5,114$4,663$4,329
10 years$5,988$5,413$4,887$4,408$3,973$3,654
11 years$5,388$4,818$4,302$3,836$3,417$3,112
12 years$4,889$4,325$3,818$3,365$2,961$2,670
13 years$4,466$3,908$3,411$2,971$2,582$2,305
14 years$4,105$3,553$3,065$2,637$2,263$2,000
15 years$3,791$3,245$2,767$2,352$1,993$1,742
16 years$3,518$2,978$2,509$2,106$1,761$1,523
17 years$3,276$2,742$2,283$1,892$1,562$1,336
18 years$3,062$2,534$2,084$1,705$1,389$1,175
19 years$2,871$2,348$1,908$1,541$1,238$1,035
20 years$2,699$2,182$1,751$1,395$1,105$914
21 years$2,543$2,033$1,611$1,266$989$809
22 years$2,402$1,897$1,484$1,151$887$716
23 years$2,273$1,775$1,371$1,049$796$635
24 years$2,155$1,663$1,268$956$715$564
25 years$2,047$1,560$1,174$873$644$502
26 years$1,947$1,467$1,089$799$580$446
27 years$1,855$1,380$1,011$731$523$397
28 years$1,770$1,301$940$670$472$354
29 years$1,690$1,227$875$614$426$316
30 years$1,616$1,159$815$564$385$282
31 years$1,547$1,095$760$518$348$251
32 years$1,483$1,036$709$476$315$224
33 years$1,422$981$662$438$285$200
34 years$1,365$930$618$403$258$179
35 years$1,312$882$578$371$234$160
36 years$1,261$837$541$341$212$143
37 years$1,213$795$506$314$192$128
38 years$1,168$756$474$290$174$114
39 years$1,126$719$444$267$158$102
40 years$1,086$684$416$247$143$92
41 years$1,047$651$390$227$130$82
42 years$1,011$620$366$210$118$73
43 years$976$591$344$194$107$66
44 years$943$563$322$179$97$59
45 years$912$537$303$165$88$53
46 years$882$512$284$153$80$47
47 years$854$489$267$141$73$42
48 years$826$467$251$130$66$38
49 years$800$446$236$120$60$34
50 years$775$426$222$111$54$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $794,000, adding $5,206 every year, while hoping to spend $47,863 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: 52/43/5 Blend
63$794,000$794,000$794,000$794,000
64$880,358$838,276$825,969$924,876
65$919,229$828,426$802,713$945,772
66$960,460$816,488$777,074$962,812
67$1,004,242$802,312$748,921$980,177
68$1,050,783$785,733$718,119$997,906
69$1,100,311$766,582$684,523$1,016,046
70$1,153,075$744,677$647,987$1,034,651
71$1,209,347$719,824$608,353$1,053,781
72$1,269,427$691,822$565,459$1,073,508
73$1,333,641$660,455$519,135$1,093,914
74$1,402,350$625,494$469,203$1,115,092
75$1,475,946$586,700$415,478$1,137,152
76$1,554,862$543,817$357,766$1,160,214
77$1,639,571$496,577$295,864$1,184,419
78$1,730,592$444,695$229,561$1,209,926
79$1,828,497$387,870$158,636$1,236,914
80$1,933,912$325,783$82,858$1,265,587
81$2,047,525$258,101$1,988$1,296,177
82$2,170,092$184,467$0$1,328,943
83$2,302,442$104,507$0$1,368,677
84$2,445,489$17,825$0$1,411,617
85$2,600,235$0$0$1,458,042
86$2,767,782$0$0$1,544,345
87$2,949,341$0$0$1,647,073
88$3,146,247$0$0$1,758,552
89$3,359,963$0$0$1,879,622
90$3,592,101$0$0$2,011,205
91$3,844,434$0$0$2,154,315
92$4,118,912$0$0$2,310,067
93$4,417,680$0$0$2,479,691
94$4,743,100$0$0$2,664,538
95$5,097,770$0$0$2,866,094
96$5,484,549$0$0$3,085,997
97$5,906,583$0$0$3,326,049
98$6,367,337$0$0$3,588,231
99$6,870,624$0$0$3,874,729
100$7,420,642$0$0$4,187,945