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%11.3%
1 years$70,440$69,813$69,200$68,603$68,019$67,647
2 years$34,871$34,222$33,592$32,982$32,390$32,015
3 years$23,017$22,364$21,737$21,132$20,550$20,183
4 years$17,090$16,440$15,819$15,224$14,656$14,300
5 years$13,536$12,889$12,276$11,694$11,141$10,798
6 years$11,167$10,525$9,921$9,352$8,816$8,485
7 years$9,475$8,839$8,244$7,688$7,170$6,851
8 years$8,207$7,577$6,992$6,450$5,948$5,642
9 years$7,221$6,597$6,022$5,494$5,009$4,716
10 years$6,433$5,815$5,250$4,736$4,268$3,987
11 years$5,789$5,177$4,622$4,121$3,671$3,402
12 years$5,252$4,646$4,102$3,615$3,181$2,925
13 years$4,798$4,199$3,665$3,192$2,774$2,530
14 years$4,410$3,817$3,293$2,833$2,431$2,199
15 years$4,073$3,487$2,973$2,527$2,141$1,920
16 years$3,779$3,199$2,696$2,262$1,892$1,682
17 years$3,520$2,946$2,453$2,033$1,678$1,478
18 years$3,290$2,722$2,239$1,832$1,492$1,302
19 years$3,084$2,523$2,050$1,655$1,330$1,150
20 years$2,899$2,344$1,881$1,499$1,188$1,018
21 years$2,732$2,184$1,730$1,361$1,063$902
22 years$2,580$2,038$1,595$1,237$953$801
23 years$2,442$1,907$1,472$1,127$855$712
24 years$2,315$1,786$1,362$1,028$769$634
25 years$2,199$1,676$1,261$938$692$565
26 years$2,092$1,575$1,170$858$623$504
27 years$1,993$1,483$1,086$785$562$450
28 years$1,901$1,397$1,010$720$507$402
29 years$1,816$1,318$940$660$458$359
30 years$1,736$1,245$875$606$414$321
31 years$1,662$1,177$816$556$374$287
32 years$1,593$1,113$761$511$338$257
33 years$1,528$1,054$711$470$306$230
34 years$1,466$999$664$432$277$206
35 years$1,409$948$621$398$251$185
36 years$1,355$900$581$367$227$166
37 years$1,304$854$544$338$206$148
38 years$1,255$812$509$311$187$133
39 years$1,210$772$477$287$169$119
40 years$1,166$735$447$265$154$107
41 years$1,125$699$419$244$139$96
42 years$1,086$666$393$225$127$86
43 years$1,049$635$369$208$115$77
44 years$1,013$605$346$192$104$69
45 years$980$577$325$177$95$62
46 years$948$550$306$164$86$56
47 years$917$525$287$151$78$50
48 years$888$501$270$140$71$45
49 years$860$479$254$129$64$40
50 years$833$457$238$120$58$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $853,000, adding $2,370 every year, while hoping to spend $24,055 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: 71/10/19 Blend
63$853,000$853,000$853,000$853,000
64$942,451$897,242$884,020$1,004,899
65$1,012,986$915,612$888,040$1,065,150
66$1,089,910$934,077$891,389$1,127,999
67$1,173,849$952,614$894,019$1,196,205
68$1,265,492$971,202$895,878$1,270,295
69$1,365,597$989,816$896,915$1,350,850
70$1,475,000$1,008,430$897,075$1,438,509
71$1,594,621$1,027,014$896,298$1,533,979
72$1,725,473$1,045,538$894,523$1,638,035
73$1,868,669$1,063,967$891,688$1,751,536
74$2,025,438$1,082,266$887,725$1,875,423
75$2,197,132$1,100,397$882,563$2,010,737
76$2,385,239$1,118,316$876,128$2,158,624
77$2,591,399$1,135,979$868,344$2,320,347
78$2,817,418$1,153,338$859,130$2,497,298
79$3,065,284$1,170,341$848,400$2,691,011
80$3,337,188$1,186,933$836,066$2,903,177
81$3,635,543$1,203,053$822,036$3,135,659
82$3,963,005$1,218,640$806,211$3,390,510
83$4,322,502$1,233,624$788,490$3,669,994
84$4,717,259$1,247,934$768,766$3,976,606
85$5,150,828$1,261,491$746,928$4,313,095
86$5,627,122$1,274,214$722,860$4,682,491
87$6,150,452$1,286,013$696,439$5,088,133
88$6,725,566$1,296,796$667,538$5,533,703
89$7,357,696$1,306,462$636,023$6,023,258
90$8,052,607$1,314,904$601,755$6,561,269
91$8,816,648$1,322,009$564,589$7,152,663
92$9,656,816$1,327,657$524,372$7,802,873
93$10,580,817$1,331,719$480,945$8,517,885
94$11,597,146$1,334,058$434,142$9,304,297
95$12,715,159$1,334,531$383,790$10,169,380
96$13,945,164$1,332,982$329,706$11,121,150
97$15,298,522$1,329,249$271,702$12,168,439
98$16,787,746$1,323,158$209,579$13,320,982
99$18,426,629$1,314,525$143,132$14,589,511
100$20,230,363$1,303,154$72,145$15,985,850