Can I retire at age 64 with 803,000?

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 $803,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$66,311$65,720$65,144$64,582$64,032$63,285
2 years$32,827$32,216$31,623$31,049$30,492$29,739
3 years$21,667$21,053$20,462$19,893$19,345$18,611
4 years$16,089$15,476$14,891$14,332$13,797$13,087
5 years$12,742$12,134$11,556$11,008$10,488$9,805
6 years$10,512$9,908$9,339$8,803$8,299$7,642
7 years$8,920$8,321$7,761$7,238$6,749$6,120
8 years$7,726$7,132$6,582$6,072$5,599$4,997
9 years$6,798$6,210$5,669$5,172$4,715$4,140
10 years$6,056$5,474$4,942$4,458$4,018$3,469
11 years$5,449$4,873$4,351$3,880$3,455$2,933
12 years$4,944$4,374$3,862$3,403$2,994$2,498
13 years$4,517$3,953$3,450$3,004$2,611$2,139
14 years$4,151$3,593$3,100$2,667$2,289$1,841
15 years$3,834$3,282$2,799$2,379$2,015$1,591
16 years$3,558$3,011$2,538$2,130$1,781$1,380
17 years$3,314$2,773$2,309$1,914$1,579$1,200
18 years$3,097$2,563$2,108$1,724$1,404$1,046
19 years$2,903$2,375$1,930$1,558$1,252$914
20 years$2,729$2,207$1,771$1,411$1,118$800
21 years$2,572$2,056$1,629$1,281$1,000$702
22 years$2,429$1,919$1,501$1,165$897$616
23 years$2,299$1,795$1,386$1,061$805$541
24 years$2,180$1,682$1,282$967$724$476
25 years$2,070$1,578$1,187$883$651$419
26 years$1,969$1,483$1,101$808$586$370
27 years$1,876$1,396$1,023$739$529$326
28 years$1,790$1,315$951$677$477$288
29 years$1,709$1,241$885$621$431$254
30 years$1,635$1,172$824$570$389$224
31 years$1,565$1,108$768$524$352$198
32 years$1,499$1,048$717$481$318$175
33 years$1,438$993$669$442$288$155
34 years$1,381$941$625$407$261$137
35 years$1,326$892$585$375$236$121
36 years$1,275$847$547$345$214$107
37 years$1,227$804$512$318$194$95
38 years$1,182$764$479$293$176$84
39 years$1,139$727$449$270$160$75
40 years$1,098$692$421$249$145$66
41 years$1,059$658$395$230$131$58
42 years$1,022$627$370$212$119$52
43 years$987$597$347$196$108$46
44 years$954$569$326$181$98$41
45 years$922$543$306$167$89$36
46 years$892$518$288$154$81$32
47 years$863$494$270$143$73$28
48 years$836$472$254$132$67$25
49 years$809$451$239$122$61$22
50 years$784$430$224$113$55$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $803,000, adding $2,329 every year, while hoping to spend $43,649 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: 46/48/6 Blend
63$803,000$803,000$803,000$803,000
64$887,308$844,749$832,303$926,580
65$931,372$839,700$813,743$948,762
66$978,466$832,940$793,098$968,057
67$1,028,856$824,340$770,253$987,963
68$1,082,828$813,762$745,085$1,008,548
69$1,140,701$801,060$717,470$1,029,893
70$1,202,820$786,080$687,272$1,052,087
71$1,269,567$768,657$654,355$1,075,232
72$1,341,360$748,618$618,573$1,099,444
73$1,418,658$725,780$579,775$1,124,855
74$1,501,965$699,948$537,802$1,151,611
75$1,591,837$670,916$492,489$1,179,881
76$1,688,880$638,466$443,663$1,209,852
77$1,793,763$602,369$391,144$1,241,736
78$1,907,223$562,381$334,743$1,275,772
79$2,030,066$518,244$274,263$1,312,228
80$2,163,180$469,685$209,498$1,351,404
81$2,307,543$416,418$140,235$1,393,637
82$2,464,227$358,138$66,248$1,439,305
83$2,634,416$294,524$0$1,488,830
84$2,819,406$225,236$0$1,543,498
85$3,020,629$149,915$0$1,607,604
86$3,239,655$68,184$0$1,677,508
87$3,478,217$0$0$1,753,886
88$3,738,218$0$0$1,848,245
89$4,021,753$0$0$1,990,502
90$4,331,129$0$0$2,145,813
91$4,668,886$0$0$2,315,462
92$5,037,816$0$0$2,500,865
93$5,440,998$0$0$2,703,579
94$5,881,818$0$0$2,925,320
95$6,364,006$0$0$3,167,978
96$6,891,667$0$0$3,433,631
97$7,469,324$0$0$3,724,570
98$8,101,955$0$0$4,043,317
99$8,795,043$0$0$4,392,650
100$9,554,627$0$0$4,775,628