Can I retire at age 64 with 857,000?

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 $857,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$70,770$70,140$69,525$68,925$68,338$68,050
2 years$35,035$34,382$33,750$33,137$32,542$32,251
3 years$23,125$22,469$21,838$21,231$20,646$20,362
4 years$17,171$16,517$15,893$15,296$14,725$14,449
5 years$13,599$12,950$12,333$11,749$11,194$10,927
6 years$11,219$10,574$9,967$9,395$8,857$8,600
7 years$9,519$8,880$8,283$7,725$7,203$6,956
8 years$8,245$7,612$7,025$6,480$5,976$5,738
9 years$7,255$6,628$6,050$5,519$5,032$4,804
10 years$6,463$5,842$5,275$4,758$4,288$4,070
11 years$5,816$5,201$4,644$4,141$3,688$3,479
12 years$5,277$4,668$4,121$3,632$3,196$2,996
13 years$4,821$4,218$3,682$3,206$2,787$2,596
14 years$4,430$3,834$3,308$2,846$2,443$2,261
15 years$4,092$3,503$2,987$2,538$2,151$1,978
16 years$3,797$3,214$2,708$2,273$1,901$1,736
17 years$3,536$2,960$2,464$2,042$1,686$1,529
18 years$3,305$2,735$2,250$1,840$1,499$1,350
19 years$3,098$2,535$2,059$1,663$1,336$1,195
20 years$2,913$2,355$1,890$1,506$1,193$1,060
21 years$2,745$2,194$1,738$1,367$1,068$942
22 years$2,592$2,048$1,602$1,243$957$838
23 years$2,453$1,915$1,479$1,132$859$747
24 years$2,326$1,795$1,368$1,032$772$666
25 years$2,209$1,684$1,267$943$695$595
26 years$2,102$1,583$1,175$862$626$532
27 years$2,002$1,490$1,091$789$564$476
28 years$1,910$1,404$1,015$723$509$426
29 years$1,824$1,324$944$663$460$381
30 years$1,744$1,251$879$608$415$342
31 years$1,670$1,182$820$559$376$307
32 years$1,600$1,119$765$514$340$275
33 years$1,535$1,059$714$472$307$247
34 years$1,473$1,004$667$435$278$222
35 years$1,416$952$624$400$252$199
36 years$1,361$904$584$368$228$179
37 years$1,310$858$546$339$207$161
38 years$1,261$816$512$313$188$145
39 years$1,215$776$479$288$170$130
40 years$1,172$738$449$266$154$117
41 years$1,130$703$421$245$140$105
42 years$1,091$669$395$227$127$95
43 years$1,054$638$371$209$115$85
44 years$1,018$608$348$193$105$77
45 years$984$580$327$178$95$69
46 years$952$553$307$165$86$62
47 years$921$528$288$152$78$56
48 years$892$504$271$141$71$50
49 years$864$481$255$130$65$45
50 years$837$459$239$120$59$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $857,000, adding $2,190 every year, while hoping to spend $29,901 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: 22/49/29 Blend
63$857,000$857,000$857,000$857,000
64$946,673$901,252$887,968$958,775
65$1,011,419$913,599$885,901$982,112
66$1,081,767$925,549$882,762$1,004,425
67$1,158,257$937,050$878,484$1,027,657
68$1,241,483$948,049$872,997$1,051,903
69$1,332,098$958,487$866,226$1,077,269
70$1,430,821$968,302$858,093$1,103,875
71$1,538,443$977,427$848,518$1,131,854
72$1,655,836$985,793$837,415$1,161,354
73$1,783,958$993,323$824,695$1,192,544
74$1,923,864$999,938$810,265$1,225,611
75$2,076,715$1,005,553$794,026$1,260,761
76$2,243,791$1,010,076$775,876$1,298,229
77$2,426,499$1,013,410$755,709$1,338,273
78$2,626,389$1,015,455$733,413$1,381,185
79$2,845,168$1,016,099$708,870$1,427,285
80$3,084,715$1,015,228$681,957$1,476,934
81$3,347,100$1,012,719$652,547$1,530,532
82$3,634,603$1,008,441$620,506$1,588,524
83$3,949,733$1,002,255$585,693$1,651,406
84$4,295,255$994,015$547,963$1,719,729
85$4,674,214$983,564$507,163$1,794,105
86$5,089,963$970,738$463,132$1,875,214
87$5,546,196$955,361$415,704$1,963,813
88$6,046,982$937,248$364,704$2,060,739
89$6,596,804$916,202$309,951$2,166,925
90$7,200,597$892,016$251,254$2,283,402
91$7,863,802$864,468$188,414$2,411,318
92$8,592,409$833,326$121,225$2,551,943
93$9,393,018$798,343$49,470$2,706,685
94$10,272,901$759,257$0$2,877,105
95$11,240,069$715,793$0$3,073,320
96$12,303,347$667,657$0$3,305,741
97$13,472,459$614,542$0$3,561,240
98$14,758,116$556,121$0$3,842,247
99$16,172,121$492,049$0$4,151,445
100$17,727,478$421,960$0$4,491,799