Can I retire at age 64 with 863,000?

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 $863,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$71,266$70,631$70,012$69,407$68,817$68,441
2 years$35,280$34,623$33,986$33,369$32,770$32,390
3 years$23,286$22,627$21,991$21,380$20,791$20,419
4 years$17,291$16,633$16,004$15,403$14,828$14,468
5 years$13,694$13,040$12,420$11,831$11,272$10,924
6 years$11,297$10,648$10,037$9,461$8,919$8,584
7 years$9,586$8,943$8,341$7,779$7,254$6,931
8 years$8,303$7,665$7,074$6,525$6,018$5,708
9 years$7,306$6,674$6,093$5,558$5,068$4,771
10 years$6,508$5,883$5,312$4,791$4,318$4,034
11 years$5,856$5,237$4,676$4,170$3,714$3,442
12 years$5,314$4,701$4,150$3,657$3,218$2,959
13 years$4,855$4,248$3,708$3,229$2,806$2,559
14 years$4,461$3,861$3,331$2,866$2,460$2,225
15 years$4,121$3,527$3,008$2,556$2,166$1,942
16 years$3,823$3,236$2,727$2,289$1,914$1,702
17 years$3,561$2,981$2,482$2,056$1,697$1,495
18 years$3,328$2,754$2,265$1,853$1,509$1,318
19 years$3,120$2,553$2,074$1,675$1,345$1,164
20 years$2,933$2,372$1,903$1,517$1,202$1,030
21 years$2,764$2,209$1,751$1,376$1,075$913
22 years$2,611$2,062$1,613$1,252$964$811
23 years$2,471$1,929$1,490$1,140$865$721
24 years$2,343$1,807$1,378$1,040$778$641
25 years$2,225$1,696$1,276$949$700$571
26 years$2,117$1,594$1,184$868$630$510
27 years$2,016$1,500$1,099$795$568$455
28 years$1,923$1,414$1,022$728$513$406
29 years$1,837$1,334$951$668$463$363
30 years$1,757$1,259$886$613$418$325
31 years$1,682$1,191$826$563$378$290
32 years$1,611$1,126$770$517$342$260
33 years$1,546$1,067$719$476$310$233
34 years$1,484$1,011$672$438$280$209
35 years$1,425$959$628$403$254$187
36 years$1,371$910$588$371$230$167
37 years$1,319$864$550$342$209$150
38 years$1,270$822$515$315$189$135
39 years$1,224$781$483$290$171$121
40 years$1,180$743$452$268$155$108
41 years$1,138$708$424$247$141$97
42 years$1,099$674$398$228$128$87
43 years$1,061$642$373$211$116$78
44 years$1,025$612$350$194$105$70
45 years$991$584$329$180$96$63
46 years$959$557$309$166$87$57
47 years$928$531$290$153$79$51
48 years$898$507$273$142$72$46
49 years$870$484$256$131$65$41
50 years$843$463$241$121$59$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $863,000, adding $5,890 every year, while hoping to spend $31,273 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: 66/8/26 Blend
63$863,000$863,000$863,000$863,000
64$957,102$911,363$897,986$1,013,413
65$1,021,452$922,745$894,794$1,063,459
66$1,091,317$933,637$890,448$1,114,104
67$1,167,228$943,982$884,874$1,168,772
68$1,249,767$953,718$877,999$1,227,863
69$1,339,574$962,781$869,742$1,291,816
70$1,437,355$971,102$860,023$1,361,115
71$1,543,885$978,606$848,754$1,436,297
72$1,660,020$985,216$835,846$1,517,950
73$1,786,697$990,847$821,202$1,606,727
74$1,924,953$995,411$804,725$1,703,346
75$2,075,924$998,813$786,310$1,808,599
76$2,240,866$1,000,952$765,848$1,923,360
77$2,421,158$1,001,722$743,227$2,048,593
78$2,618,318$1,001,009$718,328$2,185,363
79$2,834,021$998,692$691,026$2,334,842
80$3,070,106$994,644$661,191$2,498,325
81$3,328,604$988,728$628,688$2,677,239
82$3,611,747$980,801$593,374$2,873,157
83$3,921,994$970,710$555,101$3,087,817
84$4,262,056$958,292$513,715$3,323,134
85$4,634,913$943,377$469,053$3,581,219
86$5,043,854$925,781$420,945$3,864,402
87$5,492,496$905,314$369,216$4,175,251
88$5,984,826$881,769$313,680$4,516,599
89$6,525,234$854,932$254,144$4,891,570
90$7,118,558$824,574$190,408$5,303,609
91$7,770,125$790,452$122,260$5,756,513
92$8,485,804$752,310$49,482$6,254,471
93$9,272,061$709,878$0$6,802,102
94$10,136,018$662,869$0$7,412,317
95$11,085,522$610,980$0$8,098,070
96$12,129,219$553,891$0$8,851,879
97$13,276,630$491,264$0$9,680,641
98$14,538,251$422,740$0$10,591,958
99$15,925,639$347,941$0$11,594,206
100$17,451,533$266,469$0$12,696,614