Can I retire at age 64 with 805,000?

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 $805,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$66,476$65,884$65,306$64,742$64,192$63,180
2 years$32,909$32,296$31,702$31,126$30,568$29,551
3 years$21,721$21,106$20,513$19,943$19,393$18,404
4 years$16,129$15,515$14,928$14,368$13,831$12,876
5 years$12,774$12,164$11,585$11,036$10,514$9,596
6 years$10,538$9,933$9,362$8,825$8,320$7,440
7 years$8,942$8,342$7,780$7,256$6,766$5,924
8 years$7,745$7,150$6,598$6,087$5,613$4,810
9 years$6,815$6,226$5,683$5,185$4,727$3,961
10 years$6,071$5,488$4,955$4,469$4,028$3,299
11 years$5,463$4,885$4,362$3,889$3,464$2,772
12 years$4,956$4,385$3,871$3,412$3,002$2,345
13 years$4,528$3,963$3,459$3,012$2,618$1,996
14 years$4,162$3,602$3,108$2,674$2,295$1,706
15 years$3,844$3,290$2,806$2,384$2,020$1,465
16 years$3,566$3,019$2,544$2,135$1,786$1,261
17 years$3,322$2,780$2,315$1,918$1,583$1,089
18 years$3,105$2,569$2,113$1,729$1,408$943
19 years$2,910$2,381$1,934$1,562$1,255$818
20 years$2,736$2,213$1,775$1,415$1,121$711
21 years$2,578$2,061$1,633$1,284$1,003$618
22 years$2,435$1,924$1,505$1,167$899$539
23 years$2,305$1,799$1,390$1,063$807$470
24 years$2,185$1,686$1,285$970$725$410
25 years$2,075$1,582$1,190$886$653$358
26 years$1,974$1,487$1,104$810$588$313
27 years$1,881$1,399$1,025$741$530$274
28 years$1,794$1,319$953$679$478$240
29 years$1,714$1,244$887$623$432$210
30 years$1,639$1,175$826$572$390$184
31 years$1,569$1,110$770$525$353$161
32 years$1,503$1,051$719$482$319$142
33 years$1,442$995$671$444$289$124
34 years$1,384$943$627$408$261$109
35 years$1,330$895$586$376$237$96
36 years$1,279$849$548$346$215$84
37 years$1,230$806$513$319$194$74
38 years$1,185$766$481$294$176$65
39 years$1,141$729$450$271$160$57
40 years$1,101$693$422$250$145$50
41 years$1,062$660$396$231$132$44
42 years$1,025$629$371$213$119$38
43 years$990$599$348$196$108$34
44 years$956$571$327$181$98$30
45 years$925$544$307$168$89$26
46 years$894$519$288$155$81$23
47 years$865$496$271$143$74$20
48 years$838$473$255$132$67$18
49 years$811$452$239$122$61$15
50 years$786$432$225$113$55$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $805,000, adding $6,991 every year, while hoping to spend $25,064 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: 47/43/10 Blend
63$805,000$805,000$805,000$805,000
64$894,321$851,656$839,179$933,569
65$958,874$866,719$840,623$976,398
66$1,029,171$881,681$841,276$1,019,685
67$1,105,772$896,509$841,085$1,066,091
68$1,189,293$911,169$839,993$1,115,915
69$1,280,411$925,627$837,942$1,169,484
70$1,379,871$939,841$834,872$1,227,162
71$1,488,496$953,771$830,718$1,289,348
72$1,607,189$967,372$825,413$1,356,484
73$1,736,944$980,595$818,887$1,429,055
74$1,878,858$993,390$811,065$1,507,599
75$2,034,137$1,005,702$801,871$1,592,707
76$2,204,109$1,017,471$791,224$1,685,034
77$2,390,236$1,028,635$779,038$1,785,298
78$2,594,129$1,039,127$765,225$1,894,296
79$2,817,563$1,048,877$749,692$2,012,905
80$3,062,489$1,057,807$732,342$2,142,091
81$3,331,061$1,065,837$713,073$2,282,923
82$3,625,647$1,072,881$691,779$2,436,577
83$3,948,858$1,078,847$668,349$2,604,353
84$4,303,568$1,083,638$642,665$2,787,684
85$4,692,944$1,087,148$614,607$2,988,151
86$5,120,475$1,089,269$584,046$3,207,498
87$5,590,003$1,089,882$550,851$3,447,647
88$6,105,760$1,088,863$514,882$3,710,722
89$6,672,410$1,086,081$475,993$3,999,063
90$7,295,091$1,081,393$434,033$4,315,251
91$7,979,461$1,074,652$388,844$4,662,134
92$8,731,754$1,065,699$340,259$5,042,854
93$9,558,842$1,054,366$288,106$5,460,874
94$10,468,290$1,040,477$232,204$5,920,016
95$11,468,437$1,023,841$172,364$6,424,493
96$12,568,469$1,004,261$108,390$6,978,954
97$13,778,507$981,524$40,075$7,588,524
98$15,109,703$955,407$0$8,258,856
99$16,574,343$925,673$0$8,999,686
100$18,185,965$892,070$0$9,819,178