Can I retire at age 64 with 809,000?

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 $809,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$66,806$66,211$65,631$65,064$64,511$62,571
2 years$33,073$32,457$31,860$31,281$30,719$28,782
3 years$21,829$21,211$20,615$20,042$19,490$17,614
4 years$16,209$15,592$15,003$14,439$13,900$12,102
5 years$12,837$12,224$11,643$11,091$10,567$8,850
6 years$10,591$9,982$9,409$8,869$8,361$6,728
7 years$8,986$8,383$7,819$7,292$6,800$5,250
8 years$7,784$7,186$6,631$6,117$5,641$4,174
9 years$6,849$6,257$5,711$5,210$4,751$3,364
10 years$6,101$5,515$4,979$4,491$4,048$2,740
11 years$5,490$4,910$4,384$3,909$3,481$2,250
12 years$4,981$4,407$3,890$3,429$3,017$1,859
13 years$4,551$3,982$3,476$3,027$2,631$1,545
14 years$4,182$3,620$3,123$2,687$2,306$1,289
15 years$3,863$3,307$2,820$2,396$2,030$1,079
16 years$3,584$3,034$2,556$2,146$1,794$906
17 years$3,338$2,794$2,326$1,928$1,591$762
18 years$3,120$2,582$2,124$1,737$1,415$642
19 years$2,925$2,393$1,944$1,570$1,261$542
20 years$2,750$2,223$1,784$1,422$1,126$459
21 years$2,591$2,071$1,641$1,290$1,008$388
22 years$2,447$1,933$1,512$1,173$903$329
23 years$2,316$1,808$1,397$1,068$811$279
24 years$2,196$1,694$1,292$975$729$237
25 years$2,086$1,590$1,196$890$656$201
26 years$1,984$1,494$1,109$814$591$171
27 years$1,890$1,406$1,030$745$533$145
28 years$1,803$1,325$958$682$481$123
29 years$1,722$1,250$891$626$434$105
30 years$1,647$1,181$830$574$392$89
31 years$1,576$1,116$774$527$355$76
32 years$1,511$1,056$722$485$321$65
33 years$1,449$1,000$674$446$290$55
34 years$1,391$948$630$410$263$47
35 years$1,336$899$589$378$238$40
36 years$1,285$853$551$348$216$34
37 years$1,236$810$516$320$195$29
38 years$1,191$770$483$295$177$25
39 years$1,147$732$452$272$161$21
40 years$1,106$697$424$251$146$18
41 years$1,067$663$398$232$132$15
42 years$1,030$632$373$214$120$13
43 years$995$602$350$197$109$11
44 years$961$574$329$182$99$9
45 years$929$547$308$168$90$8
46 years$899$522$290$155$81$7
47 years$870$498$272$144$74$6
48 years$842$475$256$133$67$5
49 years$815$454$240$123$61$4
50 years$790$434$226$113$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $809,000, adding $3,171 every year, while hoping to spend $45,633 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: 64/23/13 Blend
63$809,000$809,000$809,000$809,000
64$894,789$851,912$839,372$949,127
65$937,504$845,102$818,938$979,057
66$983,047$836,430$796,290$1,006,166
67$1,031,658$825,755$771,306$1,034,646
68$1,083,599$812,929$743,857$1,064,628
69$1,139,160$797,797$713,810$1,096,262
70$1,198,657$780,191$681,025$1,129,712
71$1,262,437$759,937$645,356$1,165,160
72$1,330,880$736,848$606,650$1,202,809
73$1,404,404$710,728$564,747$1,242,886
74$1,483,467$681,368$519,480$1,285,641
75$1,568,572$648,547$470,674$1,331,352
76$1,660,273$612,032$418,148$1,380,328
77$1,759,176$571,577$361,712$1,432,914
78$1,865,949$526,921$301,165$1,489,488
79$1,981,323$477,787$236,302$1,550,476
80$2,106,104$423,885$166,904$1,616,343
81$2,241,178$364,907$92,747$1,687,612
82$2,387,517$300,526$13,593$1,764,857
83$2,546,191$230,399$0$1,848,718
84$2,718,378$154,164$0$1,949,734
85$2,905,370$71,436$0$2,061,509
86$3,108,592$0$0$2,183,061
87$3,329,609$0$0$2,319,996
88$3,570,143$0$0$2,488,748
89$3,832,091$0$0$2,672,575
90$4,117,538$0$0$2,872,946
91$4,428,780$0$0$3,091,480
92$4,768,343$0$0$3,329,958
93$5,139,008$0$0$3,590,339
94$5,543,836$0$0$3,874,782
95$5,986,197$0$0$4,185,662
96$6,469,801$0$0$4,525,595
97$6,998,732$0$0$4,897,461
98$7,577,488$0$0$5,304,430
99$8,211,022$0$0$5,749,994
100$8,904,785$0$0$6,237,997