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%19.6%
1 years$70,440$69,813$69,200$68,603$68,019$65,398
2 years$34,871$34,222$33,592$32,982$32,390$29,781
3 years$23,017$22,364$21,737$21,132$20,550$18,034
4 years$17,090$16,440$15,819$15,224$14,656$12,253
5 years$13,536$12,889$12,276$11,694$11,141$8,858
6 years$11,167$10,525$9,921$9,352$8,816$6,653
7 years$9,475$8,839$8,244$7,688$7,170$5,126
8 years$8,207$7,577$6,992$6,450$5,948$4,023
9 years$7,221$6,597$6,022$5,494$5,009$3,199
10 years$6,433$5,815$5,250$4,736$4,268$2,570
11 years$5,789$5,177$4,622$4,121$3,671$2,080
12 years$5,252$4,646$4,102$3,615$3,181$1,694
13 years$4,798$4,199$3,665$3,192$2,774$1,387
14 years$4,410$3,817$3,293$2,833$2,431$1,139
15 years$4,073$3,487$2,973$2,527$2,141$939
16 years$3,779$3,199$2,696$2,262$1,892$776
17 years$3,520$2,946$2,453$2,033$1,678$642
18 years$3,290$2,722$2,239$1,832$1,492$533
19 years$3,084$2,523$2,050$1,655$1,330$442
20 years$2,899$2,344$1,881$1,499$1,188$368
21 years$2,732$2,184$1,730$1,361$1,063$306
22 years$2,580$2,038$1,595$1,237$953$255
23 years$2,442$1,907$1,472$1,127$855$212
24 years$2,315$1,786$1,362$1,028$769$177
25 years$2,199$1,676$1,261$938$692$148
26 years$2,092$1,575$1,170$858$623$123
27 years$1,993$1,483$1,086$785$562$103
28 years$1,901$1,397$1,010$720$507$86
29 years$1,816$1,318$940$660$458$72
30 years$1,736$1,245$875$606$414$60
31 years$1,662$1,177$816$556$374$50
32 years$1,593$1,113$761$511$338$42
33 years$1,528$1,054$711$470$306$35
34 years$1,466$999$664$432$277$29
35 years$1,409$948$621$398$251$24
36 years$1,355$900$581$367$227$20
37 years$1,304$854$544$338$206$17
38 years$1,255$812$509$311$187$14
39 years$1,210$772$477$287$169$12
40 years$1,166$735$447$265$154$10
41 years$1,125$699$419$244$139$8
42 years$1,086$666$393$225$127$7
43 years$1,049$635$369$208$115$6
44 years$1,013$605$346$192$104$5
45 years$980$577$325$177$95$4
46 years$948$550$306$164$86$3
47 years$917$525$287$151$78$3
48 years$888$501$270$140$71$2
49 years$860$479$254$129$64$2
50 years$833$457$238$120$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $853,000, adding $5,937 every year, while hoping to spend $22,887 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: 40/42/18 Blend
63$853,000$853,000$853,000$853,000
64$946,130$900,921$887,700$978,708
65$1,018,284$920,715$893,086$1,022,290
66$1,097,030$940,711$897,886$1,066,756
67$1,183,017$960,896$902,055$1,114,381
68$1,276,959$981,254$905,548$1,165,465
69$1,379,641$1,001,767$908,316$1,220,336
70$1,491,928$1,022,417$910,308$1,279,360
71$1,614,772$1,043,184$911,471$1,342,936
72$1,749,223$1,064,044$911,749$1,411,506
73$1,896,435$1,084,973$911,084$1,485,558
74$2,057,679$1,105,944$909,413$1,565,630
75$2,234,356$1,126,929$906,672$1,652,313
76$2,428,008$1,147,897$902,793$1,746,262
77$2,640,333$1,168,812$897,706$1,848,196
78$2,873,203$1,189,640$891,335$1,958,911
79$3,128,678$1,210,340$883,602$2,079,284
80$3,409,027$1,230,871$874,427$2,210,280
81$3,716,750$1,251,186$863,722$2,352,965
82$4,054,601$1,271,236$851,399$2,508,516
83$4,425,613$1,290,970$837,364$2,678,229
84$4,833,127$1,310,329$821,518$2,863,534
85$5,280,826$1,329,255$803,758$3,066,007
86$5,772,763$1,347,681$783,977$3,287,387
87$6,313,407$1,365,540$762,062$3,529,593
88$6,907,679$1,382,755$737,895$3,794,740
89$7,561,001$1,399,249$711,354$4,085,159
90$8,279,347$1,414,936$682,308$4,403,423
91$9,069,299$1,429,727$650,624$4,752,368
92$9,938,107$1,443,524$616,160$5,135,122
93$10,893,763$1,456,225$578,770$5,555,134
94$11,945,067$1,467,720$538,299$6,016,208
95$13,101,718$1,477,893$494,587$6,522,537
96$14,374,403$1,486,619$447,465$7,078,747
97$15,774,895$1,493,767$396,758$7,689,935
98$17,316,169$1,499,195$342,284$8,361,726
99$19,012,517$1,502,755$283,850$9,100,318
100$20,879,691$1,504,288$221,256$9,912,548