Can I retire at age 64 with 808,000?

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 $808,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$66,724$66,130$65,550$64,984$64,431$64,106
2 years$33,032$32,416$31,820$31,242$30,681$30,353
3 years$21,802$21,185$20,590$20,017$19,466$19,144
4 years$16,189$15,573$14,984$14,421$13,883$13,571
5 years$12,822$12,209$11,628$11,077$10,554$10,253
6 years$10,577$9,970$9,397$8,858$8,351$8,061
7 years$8,975$8,373$7,809$7,283$6,791$6,512
8 years$7,774$7,177$6,623$6,109$5,634$5,366
9 years$6,840$6,249$5,704$5,204$4,745$4,488
10 years$6,094$5,508$4,973$4,486$4,043$3,797
11 years$5,483$4,903$4,378$3,904$3,477$3,242
12 years$4,975$4,401$3,886$3,424$3,013$2,788
13 years$4,545$3,977$3,472$3,023$2,627$2,413
14 years$4,177$3,615$3,119$2,684$2,303$2,099
15 years$3,858$3,303$2,816$2,393$2,028$1,834
16 years$3,580$3,030$2,553$2,143$1,792$1,608
17 years$3,334$2,791$2,323$1,925$1,589$1,414
18 years$3,116$2,579$2,121$1,735$1,413$1,247
19 years$2,921$2,390$1,942$1,568$1,259$1,102
20 years$2,746$2,221$1,782$1,420$1,125$976
21 years$2,588$2,069$1,639$1,289$1,007$866
22 years$2,444$1,931$1,511$1,172$902$769
23 years$2,313$1,806$1,395$1,067$810$684
24 years$2,193$1,692$1,290$973$728$610
25 years$2,083$1,588$1,195$889$655$543
26 years$1,982$1,492$1,108$813$590$485
27 years$1,888$1,404$1,029$744$532$433
28 years$1,801$1,323$957$682$480$387
29 years$1,720$1,249$890$625$433$346
30 years$1,645$1,179$829$574$392$310
31 years$1,574$1,115$773$527$354$278
32 years$1,509$1,055$721$484$320$249
33 years$1,447$999$673$445$290$223
34 years$1,389$947$629$410$262$200
35 years$1,335$898$588$377$238$179
36 years$1,283$852$550$347$215$161
37 years$1,235$809$515$320$195$144
38 years$1,189$769$482$295$177$129
39 years$1,146$731$452$272$160$116
40 years$1,105$696$424$251$146$104
41 years$1,066$662$397$231$132$94
42 years$1,029$631$373$214$120$84
43 years$994$601$350$197$109$76
44 years$960$573$328$182$99$68
45 years$928$546$308$168$90$61
46 years$898$521$289$155$81$55
47 years$869$497$272$143$74$49
48 years$841$475$255$133$67$44
49 years$814$453$240$123$61$40
50 years$789$433$226$113$55$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $808,000, adding $3,437 every year, while hoping to spend $52,480 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: 53/20/27 Blend
63$808,000$808,000$808,000$808,000
64$893,961$851,137$838,613$934,448
65$929,307$837,005$810,868$948,714
66$966,499$820,421$780,435$958,593
67$1,005,670$801,210$747,168$968,291
68$1,046,966$779,186$710,916$977,809
69$1,090,543$754,153$671,518$987,156
70$1,136,574$725,902$628,809$996,341
71$1,185,246$694,212$582,616$1,005,380
72$1,236,763$658,851$532,756$1,014,292
73$1,291,351$619,572$479,041$1,023,104
74$1,349,252$576,115$421,272$1,031,848
75$1,410,733$528,202$359,242$1,040,566
76$1,476,088$475,544$292,736$1,049,305
77$1,545,634$417,831$221,528$1,058,127
78$1,619,722$354,738$145,383$1,067,100
79$1,698,735$285,921$64,055$1,076,308
80$1,783,092$211,017$0$1,085,848
81$1,873,252$129,642$0$1,102,384
82$1,969,720$41,391$0$1,139,617
83$2,073,047$0$0$1,179,304
84$2,183,840$0$0$1,233,626
85$2,302,764$0$0$1,301,766
86$2,430,546$0$0$1,375,038
87$2,567,989$0$0$1,453,910
88$2,715,971$0$0$1,538,893
89$2,875,458$0$0$1,630,550
90$3,047,510$0$0$1,729,498
91$3,233,292$0$0$1,836,417
92$3,434,084$0$0$1,952,054
93$3,651,294$0$0$2,077,227
94$3,886,467$0$0$2,212,839
95$4,141,304$0$0$2,359,880
96$4,417,675$0$0$2,519,443
97$4,717,635$0$0$2,692,724
98$5,043,447$0$0$2,881,043
99$5,397,596$0$0$3,085,852
100$5,782,819$0$0$3,308,745