Can I retire at age 64 with 856,000?

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 $856,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$70,688$70,058$69,444$68,844$68,259$67,574
2 years$34,994$34,342$33,711$33,098$32,504$31,814
3 years$23,098$22,443$21,813$21,206$20,622$19,949
4 years$17,151$16,498$15,874$15,278$14,708$14,056
5 years$13,583$12,935$12,319$11,735$11,181$10,553
6 years$11,206$10,562$9,956$9,385$8,847$8,243
7 years$9,508$8,870$8,273$7,716$7,195$6,616
8 years$8,236$7,603$7,016$6,472$5,969$5,414
9 years$7,247$6,620$6,043$5,513$5,027$4,496
10 years$6,456$5,835$5,269$4,752$4,283$3,777
11 years$5,809$5,195$4,638$4,136$3,683$3,201
12 years$5,270$4,663$4,116$3,628$3,192$2,733
13 years$4,815$4,214$3,678$3,203$2,783$2,347
14 years$4,425$3,830$3,304$2,843$2,440$2,025
15 years$4,088$3,499$2,983$2,535$2,148$1,755
16 years$3,792$3,210$2,705$2,270$1,899$1,526
17 years$3,532$2,956$2,461$2,040$1,684$1,331
18 years$3,301$2,732$2,247$1,838$1,497$1,164
19 years$3,095$2,532$2,057$1,661$1,334$1,020
20 years$2,909$2,353$1,888$1,504$1,192$895
21 years$2,742$2,191$1,736$1,365$1,066$787
22 years$2,589$2,046$1,600$1,241$956$693
23 years$2,451$1,913$1,478$1,131$858$611
24 years$2,324$1,793$1,367$1,031$771$539
25 years$2,207$1,682$1,266$942$694$477
26 years$2,099$1,581$1,174$861$625$421
27 years$2,000$1,488$1,090$788$564$373
28 years$1,908$1,402$1,013$722$509$330
29 years$1,822$1,323$943$662$459$292
30 years$1,742$1,249$878$608$415$259
31 years$1,668$1,181$819$558$375$230
32 years$1,598$1,117$764$513$339$204
33 years$1,533$1,058$713$472$307$181
34 years$1,472$1,003$667$434$278$160
35 years$1,414$951$623$400$252$142
36 years$1,360$903$583$368$228$127
37 years$1,308$857$546$339$207$112
38 years$1,260$815$511$312$188$100
39 years$1,214$775$479$288$170$89
40 years$1,170$737$449$266$154$79
41 years$1,129$702$421$245$140$70
42 years$1,090$668$395$226$127$62
43 years$1,053$637$370$209$115$55
44 years$1,017$607$348$193$105$49
45 years$983$579$326$178$95$44
46 years$951$552$307$165$86$39
47 years$920$527$288$152$78$35
48 years$891$503$271$140$71$31
49 years$863$480$254$130$65$27
50 years$836$459$239$120$59$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $856,000, adding $4,017 every year, while hoping to spend $58,109 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: 53/41/6 Blend
63$856,000$856,000$856,000$856,000
64$947,456$902,088$888,820$996,150
65$982,268$884,462$856,767$1,011,939
66$1,018,685$864,026$821,694$1,022,392
67$1,056,807$840,579$783,437$1,032,354
68$1,096,745$813,911$741,826$1,041,788
69$1,138,619$783,799$696,683$1,050,658
70$1,182,560$750,007$647,824$1,058,926
71$1,228,708$712,285$595,053$1,066,557
72$1,277,218$670,368$538,169$1,073,513
73$1,328,255$623,978$476,959$1,079,758
74$1,382,003$572,818$411,203$1,085,260
75$1,438,658$516,577$340,669$1,089,983
76$1,498,437$454,925$265,116$1,093,898
77$1,561,573$387,512$184,294$1,096,977
78$1,628,324$313,970$97,938$1,099,194
79$1,698,968$233,910$5,774$1,100,529
80$1,773,812$146,920$0$1,100,965
81$1,853,188$52,567$0$1,106,419
82$1,937,462$0$0$1,111,740
83$2,027,033$0$0$1,138,966
84$2,122,335$0$0$1,193,213
85$2,223,848$0$0$1,251,042
86$2,332,094$0$0$1,312,758
87$2,447,646$0$0$1,378,693
88$2,571,131$0$0$1,449,213
89$2,703,236$0$0$1,524,718
90$2,844,717$0$0$1,605,645
91$2,996,399$0$0$1,692,478
92$3,159,192$0$0$1,785,744
93$3,334,089$0$0$1,886,024
94$3,522,185$0$0$1,993,953
95$3,724,680$0$0$2,110,230
96$3,942,890$0$0$2,235,624
97$4,178,265$0$0$2,370,978
98$4,432,393$0$0$2,517,219
99$4,707,023$0$0$2,675,365
100$5,004,074$0$0$2,846,535