Can I retire at age 64 with 861,000?

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 $861,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$71,101$70,467$69,849$69,246$68,657$66,647
2 years$35,198$34,543$33,907$33,291$32,694$30,684
3 years$23,232$22,574$21,940$21,330$20,742$18,797
4 years$17,251$16,594$15,967$15,367$14,794$12,927
5 years$13,663$13,010$12,391$11,803$11,246$9,464
6 years$11,271$10,624$10,014$9,439$8,898$7,202
7 years$9,564$8,922$8,322$7,761$7,237$5,627
8 years$8,284$7,648$7,057$6,510$6,004$4,478
9 years$7,289$6,659$6,078$5,545$5,056$3,614
10 years$6,493$5,869$5,299$4,780$4,308$2,947
11 years$5,843$5,225$4,665$4,160$3,705$2,423
12 years$5,301$4,690$4,140$3,649$3,211$2,005
13 years$4,843$4,238$3,699$3,221$2,800$1,668
14 years$4,451$3,852$3,324$2,860$2,454$1,394
15 years$4,111$3,519$3,001$2,550$2,161$1,168
16 years$3,815$3,229$2,721$2,284$1,910$982
17 years$3,553$2,974$2,476$2,052$1,693$828
18 years$3,321$2,748$2,260$1,849$1,506$699
19 years$3,113$2,547$2,069$1,671$1,342$591
20 years$2,926$2,366$1,899$1,513$1,199$500
21 years$2,758$2,204$1,747$1,373$1,073$424
22 years$2,605$2,058$1,610$1,249$962$360
23 years$2,465$1,924$1,486$1,137$863$306
24 years$2,337$1,803$1,375$1,037$776$260
25 years$2,220$1,692$1,273$947$698$221
26 years$2,112$1,590$1,181$866$629$188
27 years$2,012$1,497$1,096$793$567$160
28 years$1,919$1,410$1,019$726$512$136
29 years$1,833$1,330$949$666$462$116
30 years$1,753$1,256$884$611$417$99
31 years$1,678$1,188$824$561$377$84
32 years$1,608$1,124$769$516$341$72
33 years$1,542$1,064$718$474$309$61
34 years$1,480$1,009$670$437$280$52
35 years$1,422$957$627$402$253$45
36 years$1,367$908$586$370$230$38
37 years$1,316$862$549$341$208$32
38 years$1,267$820$514$314$189$28
39 years$1,221$779$482$290$171$24
40 years$1,177$742$451$267$155$20
41 years$1,136$706$423$247$141$17
42 years$1,096$672$397$228$128$15
43 years$1,059$641$373$210$116$12
44 years$1,023$611$350$194$105$11
45 years$989$582$328$179$96$9
46 years$957$555$308$165$87$8
47 years$926$530$290$153$79$7
48 years$896$506$272$141$72$6
49 years$868$483$256$131$65$5
50 years$841$462$241$121$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $861,000, adding $6,107 every year, while hoping to spend $59,273 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: 34/39/27 Blend
63$861,000$861,000$861,000$861,000
64$955,121$909,488$896,143$979,614
65$989,478$890,987$863,098$980,055
66$1,025,352$869,593$826,959$974,784
67$1,062,836$845,101$787,560$967,944
68$1,102,030$817,296$744,728$959,434
69$1,143,041$785,948$698,281$949,152
70$1,185,987$750,814$648,028$936,988
71$1,230,993$711,640$593,773$922,830
72$1,278,197$668,153$535,307$906,561
73$1,327,747$620,067$472,414$888,059
74$1,379,806$567,078$404,868$867,198
75$1,434,548$508,867$332,433$843,847
76$1,492,165$445,095$254,863$817,869
77$1,552,865$375,403$171,900$789,126
78$1,616,874$299,415$83,275$757,472
79$1,684,438$216,730$0$722,758
80$1,755,828$126,926$0$688,088
81$1,831,336$29,559$0$675,861
82$1,911,282$0$0$661,990
83$1,996,018$0$0$678,948
84$2,085,925$0$0$710,464
85$2,181,421$0$0$744,005
86$2,282,964$0$0$779,741
87$2,391,054$0$0$817,857
88$2,506,239$0$0$858,557
89$2,629,118$0$0$902,062
90$2,760,350$0$0$948,617
91$2,900,653$0$0$998,489
92$3,050,818$0$0$1,051,970
93$3,211,710$0$0$1,109,383
94$3,384,279$0$0$1,171,081
95$3,569,567$0$0$1,237,451
96$3,768,716$0$0$1,308,919
97$3,982,984$0$0$1,385,951
98$4,213,747$0$0$1,469,062
99$4,462,520$0$0$1,558,816
100$4,730,965$0$0$1,655,831