Can I retire at age 64 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$70,853$70,222$69,606$69,005$68,418$67,368
2 years$35,076$34,422$33,789$33,175$32,580$31,525
3 years$23,151$22,495$21,864$21,256$20,670$19,642
4 years$17,191$16,537$15,911$15,314$14,742$13,750
5 years$13,615$12,965$12,348$11,762$11,207$10,252
6 years$11,232$10,587$9,979$9,406$8,867$7,953
7 years$9,531$8,891$8,293$7,734$7,212$6,337
8 years$8,255$7,621$7,033$6,487$5,983$5,147
9 years$7,264$6,635$6,057$5,526$5,038$4,242
10 years$6,471$5,849$5,281$4,763$4,293$3,535
11 years$5,823$5,207$4,649$4,146$3,692$2,972
12 years$5,283$4,673$4,126$3,636$3,199$2,516
13 years$4,826$4,223$3,686$3,210$2,790$2,143
14 years$4,436$3,839$3,312$2,850$2,446$1,833
15 years$4,097$3,507$2,990$2,541$2,153$1,575
16 years$3,801$3,218$2,711$2,276$1,903$1,357
17 years$3,541$2,963$2,467$2,045$1,687$1,173
18 years$3,309$2,738$2,252$1,843$1,500$1,016
19 years$3,102$2,538$2,062$1,665$1,337$882
20 years$2,916$2,358$1,892$1,508$1,195$767
21 years$2,748$2,197$1,740$1,369$1,069$668
22 years$2,595$2,050$1,604$1,244$958$582
23 years$2,456$1,918$1,481$1,133$860$508
24 years$2,329$1,797$1,370$1,034$773$444
25 years$2,212$1,686$1,269$944$696$388
26 years$2,104$1,585$1,177$863$627$340
27 years$2,005$1,491$1,093$790$565$297
28 years$1,912$1,405$1,016$724$510$261
29 years$1,826$1,326$945$664$460$228
30 years$1,747$1,252$880$609$416$200
31 years$1,672$1,184$821$559$376$176
32 years$1,602$1,120$766$514$340$154
33 years$1,537$1,061$715$473$308$135
34 years$1,475$1,005$668$435$279$119
35 years$1,417$953$625$400$252$104
36 years$1,363$905$584$369$229$92
37 years$1,311$859$547$340$207$81
38 years$1,263$817$512$313$188$71
39 years$1,217$777$480$289$170$62
40 years$1,173$739$450$266$155$55
41 years$1,132$703$422$246$140$48
42 years$1,092$670$396$227$127$42
43 years$1,055$638$371$209$115$37
44 years$1,019$608$348$193$105$33
45 years$986$580$327$179$95$29
46 years$953$553$307$165$86$25
47 years$922$528$289$152$78$22
48 years$893$504$271$141$71$19
49 years$865$482$255$130$65$17
50 years$838$460$240$120$59$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $858,000, adding $3,375 every year, while hoping to spend $47,082 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: 66/22/12 Blend
63$858,000$858,000$858,000$858,000
64$948,997$903,523$890,224$1,008,860
65$995,700$897,701$869,952$1,043,369
66$1,045,589$890,016$847,422$1,075,216
67$1,098,938$880,326$822,511$1,108,826
68$1,156,050$868,482$795,085$1,144,368
69$1,217,256$854,326$765,009$1,182,030
70$1,282,918$837,691$732,139$1,222,018
71$1,353,436$818,397$696,325$1,264,564
72$1,429,245$796,257$657,411$1,309,922
73$1,510,826$771,072$615,232$1,358,375
74$1,598,706$742,630$569,619$1,410,238
75$1,693,464$710,709$520,391$1,465,856
76$1,795,735$675,072$467,362$1,525,616
77$1,906,219$635,469$410,337$1,589,943
78$2,025,682$591,636$349,112$1,659,310
79$2,154,969$543,293$283,475$1,734,240
80$2,295,007$490,146$213,202$1,815,312
81$2,446,817$431,882$138,063$1,903,168
82$2,611,519$368,171$57,815$1,998,516
83$2,790,347$298,665$0$2,102,143
84$2,984,658$222,995$0$2,218,480
85$3,195,944$140,773$0$2,353,059
86$3,425,847$51,587$0$2,499,567
87$3,676,174$0$0$2,659,218
88$3,948,912$0$0$2,844,246
89$4,246,249$0$0$3,059,627
90$4,570,593$0$0$3,294,623
91$4,924,593$0$0$3,551,160
92$5,311,167$0$0$3,831,359
93$5,733,526$0$0$4,137,555
94$6,195,205$0$0$4,472,319
95$6,700,096$0$0$4,838,478
96$7,252,486$0$0$5,239,151
97$7,857,091$0$0$5,677,768
98$8,519,110$0$0$6,158,106
99$9,244,263$0$0$6,684,327
100$10,038,852$0$0$7,261,012