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 $5,564 every year, while hoping to spend $33,185 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: 44/47/9 Blend
63$856,000$856,000$856,000$856,000
64$949,051$903,683$890,415$988,134
65$1,010,546$912,655$884,936$1,024,776
66$1,077,201$920,954$878,160$1,060,637
67$1,149,507$928,513$870,010$1,098,746
68$1,228,005$935,259$860,404$1,139,325
69$1,313,290$941,114$849,256$1,182,614
70$1,406,014$945,998$836,475$1,228,882
71$1,506,898$949,822$821,966$1,278,427
72$1,616,732$952,493$805,633$1,331,576
73$1,736,387$953,914$787,370$1,388,694
74$1,866,821$953,978$767,070$1,450,184
75$2,009,089$952,576$744,619$1,516,491
76$2,164,352$949,588$719,900$1,588,111
77$2,333,888$944,890$692,788$1,665,588
78$2,519,102$938,347$663,154$1,749,527
79$2,721,544$929,819$630,863$1,840,597
80$2,942,918$919,157$595,773$1,939,538
81$3,185,101$906,201$557,737$2,047,167
82$3,450,160$890,783$516,600$2,164,391
83$3,740,370$872,726$472,200$2,292,209
84$4,058,238$851,840$424,369$2,431,728
85$4,406,524$827,925$372,931$2,584,172
86$4,788,267$800,771$317,702$2,750,893
87$5,206,814$770,153$258,489$2,933,386
88$5,665,853$735,834$195,092$3,133,304
89$6,169,443$697,564$127,301$3,352,472
90$6,722,059$655,077$54,898$3,592,909
91$7,328,627$608,093$0$3,856,843
92$7,994,573$556,316$0$4,148,887
93$8,725,876$499,432$0$4,475,379
94$9,529,122$437,111$0$4,834,072
95$10,411,565$369,002$0$5,228,311
96$11,381,197$294,735$0$5,661,788
97$12,446,822$213,920$0$6,138,580
98$13,618,141$126,145$0$6,663,187
99$14,905,839$30,974$0$7,240,575
100$16,321,689$0$0$7,876,227