Can I retire at age 64 with 859,000?

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 $859,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$70,935$70,304$69,687$69,085$68,498$66,951
2 years$35,117$34,463$33,829$33,214$32,618$31,068
3 years$23,178$22,522$21,889$21,281$20,694$19,189
4 years$17,211$16,556$15,930$15,331$14,759$13,311
5 years$13,631$12,980$12,362$11,776$11,220$9,832
6 years$11,245$10,599$9,991$9,417$8,878$7,552
7 years$9,542$8,901$8,302$7,743$7,220$5,957
8 years$8,265$7,630$7,041$6,495$5,990$4,789
9 years$7,272$6,643$6,064$5,532$5,044$3,904
10 years$6,478$5,856$5,287$4,769$4,298$3,218
11 years$5,829$5,213$4,655$4,150$3,696$2,675
12 years$5,289$4,679$4,131$3,640$3,203$2,238
13 years$4,832$4,228$3,691$3,214$2,793$1,883
14 years$4,441$3,843$3,316$2,853$2,449$1,592
15 years$4,102$3,511$2,994$2,544$2,156$1,350
16 years$3,806$3,221$2,714$2,278$1,905$1,149
17 years$3,545$2,967$2,470$2,047$1,689$980
18 years$3,313$2,741$2,255$1,845$1,502$838
19 years$3,106$2,541$2,064$1,667$1,339$718
20 years$2,919$2,361$1,894$1,510$1,196$616
21 years$2,751$2,199$1,742$1,370$1,070$529
22 years$2,598$2,053$1,606$1,246$959$455
23 years$2,459$1,920$1,483$1,135$861$392
24 years$2,332$1,799$1,371$1,035$774$337
25 years$2,215$1,688$1,270$945$696$291
26 years$2,107$1,587$1,178$864$627$251
27 years$2,007$1,493$1,094$791$566$216
28 years$1,915$1,407$1,017$725$510$187
29 years$1,829$1,327$946$665$461$161
30 years$1,749$1,254$881$610$416$139
31 years$1,674$1,185$822$560$376$121
32 years$1,604$1,121$767$515$341$104
33 years$1,538$1,062$716$473$308$90
34 years$1,477$1,006$669$436$279$78
35 years$1,419$955$625$401$253$67
36 years$1,364$906$585$369$229$58
37 years$1,313$860$548$340$208$50
38 years$1,264$818$513$314$188$44
39 years$1,218$778$480$289$171$38
40 years$1,174$740$450$267$155$33
41 years$1,133$704$422$246$140$28
42 years$1,094$671$396$227$127$24
43 years$1,056$639$372$210$116$21
44 years$1,021$609$349$194$105$18
45 years$987$581$328$179$95$16
46 years$954$554$308$165$87$14
47 years$923$529$289$153$79$12
48 years$894$505$272$141$71$10
49 years$866$482$255$130$65$9
50 years$839$461$240$120$59$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $859,000, adding $5,995 every year, while hoping to spend $45,135 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: 40/36/24 Blend
63$859,000$859,000$859,000$859,000
64$952,802$907,275$893,960$983,945
65$1,001,964$903,708$875,885$1,003,389
66$1,054,629$898,454$855,691$1,019,711
67$1,111,104$891,382$833,260$1,036,475
68$1,171,731$882,353$808,468$1,053,747
69$1,236,881$871,222$781,186$1,071,605
70$1,306,965$857,834$751,277$1,090,137
71$1,382,430$842,022$718,599$1,109,443
72$1,463,770$823,614$683,005$1,129,639
73$1,551,528$802,424$644,339$1,150,855
74$1,646,298$778,257$602,439$1,173,239
75$1,748,736$750,907$557,135$1,196,960
76$1,859,558$720,153$508,251$1,222,209
77$1,979,557$685,765$455,602$1,249,201
78$2,109,602$647,496$398,993$1,278,177
79$2,250,646$605,089$338,225$1,309,413
80$2,403,742$558,268$273,086$1,343,214
81$2,570,045$506,745$203,355$1,379,927
82$2,750,827$450,212$128,805$1,419,940
83$2,947,485$388,346$49,193$1,463,688
84$3,161,558$320,805$0$1,511,657
85$3,394,740$247,228$0$1,573,552
86$3,648,894$167,232$0$1,654,862
87$3,926,070$80,415$0$1,743,729
88$4,228,525$0$0$1,840,986
89$4,558,743$0$0$1,952,964
90$4,919,459$0$0$2,110,187
91$5,313,684$0$0$2,282,124
92$5,744,731$0$0$2,470,235
93$6,216,250$0$0$2,676,127
94$6,732,260$0$0$2,901,567
95$7,297,183$0$0$3,148,506
96$7,915,894$0$0$3,419,089
97$8,593,756$0$0$3,715,678
98$9,336,679$0$0$4,040,877
99$10,151,171$0$0$4,397,550
100$11,044,398$0$0$4,788,857