Can I retire at age 64 with 860,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$71,018$70,385$69,768$69,166$68,578$67,693
2 years$35,157$34,503$33,868$33,253$32,656$31,766
3 years$23,205$22,548$21,915$21,305$20,718$19,850
4 years$17,231$16,575$15,948$15,349$14,776$13,937
5 years$13,647$12,995$12,377$11,790$11,233$10,425
6 years$11,258$10,611$10,002$9,428$8,888$8,113
7 years$9,553$8,911$8,312$7,752$7,228$6,486
8 years$8,274$7,639$7,049$6,503$5,997$5,287
9 years$7,280$6,651$6,071$5,539$5,050$4,373
10 years$6,486$5,862$5,293$4,774$4,303$3,657
11 years$5,836$5,219$4,660$4,155$3,701$3,086
12 years$5,295$4,684$4,136$3,645$3,207$2,623
13 years$4,838$4,233$3,695$3,218$2,796$2,242
14 years$4,446$3,848$3,320$2,856$2,451$1,926
15 years$4,107$3,515$2,997$2,547$2,158$1,661
16 years$3,810$3,225$2,718$2,281$1,908$1,438
17 years$3,549$2,970$2,473$2,049$1,691$1,248
18 years$3,317$2,745$2,257$1,847$1,504$1,086
19 years$3,109$2,544$2,067$1,669$1,340$946
20 years$2,923$2,364$1,897$1,511$1,197$827
21 years$2,754$2,202$1,745$1,372$1,071$723
22 years$2,601$2,055$1,608$1,247$960$633
23 years$2,462$1,922$1,485$1,136$862$555
24 years$2,334$1,801$1,373$1,036$775$487
25 years$2,217$1,690$1,272$946$697$428
26 years$2,109$1,588$1,179$865$628$377
27 years$2,009$1,495$1,095$792$566$331
28 years$1,917$1,409$1,018$725$511$292
29 years$1,831$1,329$947$665$461$257
30 years$1,751$1,255$882$611$417$226
31 years$1,676$1,186$823$561$377$200
32 years$1,606$1,123$768$515$341$176
33 years$1,540$1,063$717$474$309$155
34 years$1,479$1,008$670$436$279$137
35 years$1,421$956$626$401$253$121
36 years$1,366$907$586$370$229$107
37 years$1,314$861$548$341$208$94
38 years$1,266$819$513$314$188$83
39 years$1,219$779$481$289$171$74
40 years$1,176$741$451$267$155$65
41 years$1,134$705$423$246$141$57
42 years$1,095$671$397$227$128$51
43 years$1,057$640$372$210$116$45
44 years$1,022$610$349$194$105$40
45 years$988$582$328$179$95$35
46 years$955$555$308$165$87$31
47 years$925$529$289$153$79$27
48 years$895$505$272$141$71$24
49 years$867$483$256$130$65$21
50 years$840$461$240$121$59$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $860,000, adding $5,381 every year, while hoping to spend $35,769 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: 35/49/16 Blend
63$860,000$860,000$860,000$860,000
64$953,271$907,691$894,361$981,769
65$1,012,446$914,109$886,264$1,009,391
66$1,076,459$919,644$876,697$1,035,421
67$1,145,764$924,213$865,573$1,062,742
68$1,220,863$927,731$852,800$1,091,487
69$1,302,307$930,105$838,285$1,121,805
70$1,390,700$931,238$821,925$1,153,864
71$1,486,710$931,027$803,618$1,187,851
72$1,591,069$929,362$783,254$1,223,972
73$1,704,583$926,125$760,718$1,262,461
74$1,828,139$921,194$735,890$1,303,576
75$1,962,712$914,436$708,646$1,347,606
76$2,109,378$905,712$678,854$1,394,871
77$2,269,317$894,875$646,379$1,445,728
78$2,443,830$881,767$611,075$1,500,576
79$2,634,350$866,222$572,796$1,559,856
80$2,842,452$848,066$531,383$1,624,061
81$3,069,872$827,111$486,673$1,693,737
82$3,318,519$803,159$438,497$1,769,490
83$3,590,498$776,004$386,676$1,851,997
84$3,888,122$745,422$331,024$1,942,006
85$4,213,944$711,181$271,347$2,040,347
86$4,570,770$673,033$207,441$2,147,944
87$4,961,694$630,716$139,095$2,265,820
88$5,390,119$583,954$66,087$2,395,109
89$5,859,798$532,454$0$2,537,070
90$6,374,860$475,907$0$2,695,116
91$6,939,855$413,986$0$2,880,946
92$7,559,795$346,346$0$3,085,020
93$8,240,199$272,621$0$3,309,279
94$8,987,147$192,428$0$3,555,870
95$9,807,337$105,358$0$3,827,167
96$10,708,147$10,982$0$4,125,794
97$11,697,704$0$0$4,454,653
98$12,784,961$0$0$4,866,100
99$13,979,783$0$0$5,324,894
100$15,293,035$0$0$5,829,301