Can I retire at age 64 with 853,000?

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 $853,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$70,440$69,813$69,200$68,603$68,019$66,483
2 years$34,871$34,222$33,592$32,982$32,390$30,851
3 years$23,017$22,364$21,737$21,132$20,550$19,055
4 years$17,090$16,440$15,819$15,224$14,656$13,218
5 years$13,536$12,889$12,276$11,694$11,141$9,763
6 years$11,167$10,525$9,921$9,352$8,816$7,500
7 years$9,475$8,839$8,244$7,688$7,170$5,915
8 years$8,207$7,577$6,992$6,450$5,948$4,755
9 years$7,221$6,597$6,022$5,494$5,009$3,877
10 years$6,433$5,815$5,250$4,736$4,268$3,195
11 years$5,789$5,177$4,622$4,121$3,671$2,656
12 years$5,252$4,646$4,102$3,615$3,181$2,223
13 years$4,798$4,199$3,665$3,192$2,774$1,870
14 years$4,410$3,817$3,293$2,833$2,431$1,581
15 years$4,073$3,487$2,973$2,527$2,141$1,341
16 years$3,779$3,199$2,696$2,262$1,892$1,141
17 years$3,520$2,946$2,453$2,033$1,678$974
18 years$3,290$2,722$2,239$1,832$1,492$832
19 years$3,084$2,523$2,050$1,655$1,330$713
20 years$2,899$2,344$1,881$1,499$1,188$612
21 years$2,732$2,184$1,730$1,361$1,063$525
22 years$2,580$2,038$1,595$1,237$953$452
23 years$2,442$1,907$1,472$1,127$855$389
24 years$2,315$1,786$1,362$1,028$769$335
25 years$2,199$1,676$1,261$938$692$289
26 years$2,092$1,575$1,170$858$623$249
27 years$1,993$1,483$1,086$785$562$215
28 years$1,901$1,397$1,010$720$507$186
29 years$1,816$1,318$940$660$458$160
30 years$1,736$1,245$875$606$414$138
31 years$1,662$1,177$816$556$374$120
32 years$1,593$1,113$761$511$338$103
33 years$1,528$1,054$711$470$306$89
34 years$1,466$999$664$432$277$77
35 years$1,409$948$621$398$251$67
36 years$1,355$900$581$367$227$58
37 years$1,304$854$544$338$206$50
38 years$1,255$812$509$311$187$43
39 years$1,210$772$477$287$169$37
40 years$1,166$735$447$265$154$32
41 years$1,125$699$419$244$139$28
42 years$1,086$666$393$225$127$24
43 years$1,049$635$369$208$115$21
44 years$1,013$605$346$192$104$18
45 years$980$577$325$177$95$16
46 years$948$550$306$164$86$14
47 years$917$525$287$151$78$12
48 years$888$501$270$140$71$10
49 years$860$479$254$129$64$9
50 years$833$457$238$120$58$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $853,000, adding $3,177 every year, while hoping to spend $42,348 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: 80/14/6 Blend
63$853,000$853,000$853,000$853,000
64$943,283$898,074$884,853$1,018,063
65$994,440$897,022$869,437$1,066,425
66$1,049,396$894,499$852,086$1,113,556
67$1,108,493$890,388$832,690$1,163,982
68$1,172,107$884,565$811,133$1,218,009
69$1,240,653$876,900$787,297$1,275,976
70$1,314,584$867,252$761,056$1,338,255
71$1,394,398$855,474$732,278$1,405,255
72$1,480,644$841,409$700,826$1,477,428
73$1,573,923$824,892$666,557$1,555,272
74$1,674,898$805,746$629,321$1,639,335
75$1,784,295$783,786$588,962$1,730,222
76$1,902,916$758,814$545,315$1,828,599
77$2,031,640$730,622$498,209$1,935,202
78$2,171,435$698,990$447,467$2,050,839
79$2,323,364$663,684$392,900$2,176,403
80$2,488,599$624,456$334,314$2,312,879
81$2,668,428$581,046$271,505$2,461,350
82$2,864,269$533,178$204,261$2,623,015
83$3,077,680$480,560$132,360$2,799,189
84$3,310,379$422,883$55,570$2,991,329
85$3,564,255$359,821$0$3,201,036
86$3,841,386$291,030$0$3,431,767
87$4,144,063$216,146$0$3,687,687
88$4,474,805$134,785$0$3,967,400
89$4,836,386$46,540$0$4,273,293
90$5,231,861$0$0$4,607,995
91$5,664,592$0$0$4,981,956
92$6,138,283$0$0$5,399,185
93$6,657,011$0$0$5,856,108
94$7,225,267$0$0$6,356,682
95$7,847,997$0$0$6,905,267
96$8,530,646$0$0$7,506,664
97$9,279,213$0$0$8,166,161
98$10,100,304$0$0$8,889,582
99$11,001,198$0$0$9,683,342
100$11,989,908$0$0$10,554,507