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%17.6%
1 years$71,266$70,631$70,012$69,407$68,817$66,694
2 years$35,280$34,623$33,986$33,369$32,770$30,650
3 years$23,286$22,627$21,991$21,380$20,791$18,740
4 years$17,291$16,633$16,004$15,403$14,828$12,862
5 years$13,694$13,040$12,420$11,831$11,272$9,396
6 years$11,297$10,648$10,037$9,461$8,919$7,135
7 years$9,586$8,943$8,341$7,779$7,254$5,561
8 years$8,303$7,665$7,074$6,525$6,018$4,416
9 years$7,306$6,674$6,093$5,558$5,068$3,555
10 years$6,508$5,883$5,312$4,791$4,318$2,892
11 years$5,856$5,237$4,676$4,170$3,714$2,372
12 years$5,314$4,701$4,150$3,657$3,218$1,957
13 years$4,855$4,248$3,708$3,229$2,806$1,624
14 years$4,461$3,861$3,331$2,866$2,460$1,353
15 years$4,121$3,527$3,008$2,556$2,166$1,131
16 years$3,823$3,236$2,727$2,289$1,914$948
17 years$3,561$2,981$2,482$2,056$1,697$797
18 years$3,328$2,754$2,265$1,853$1,509$670
19 years$3,120$2,553$2,074$1,675$1,345$565
20 years$2,933$2,372$1,903$1,517$1,202$477
21 years$2,764$2,209$1,751$1,376$1,075$403
22 years$2,611$2,062$1,613$1,252$964$341
23 years$2,471$1,929$1,490$1,140$865$289
24 years$2,343$1,807$1,378$1,040$778$245
25 years$2,225$1,696$1,276$949$700$208
26 years$2,117$1,594$1,184$868$630$176
27 years$2,016$1,500$1,099$795$568$149
28 years$1,923$1,414$1,022$728$513$127
29 years$1,837$1,334$951$668$463$108
30 years$1,757$1,259$886$613$418$91
31 years$1,682$1,191$826$563$378$78
32 years$1,611$1,126$770$517$342$66
33 years$1,546$1,067$719$476$310$56
34 years$1,484$1,011$672$438$280$48
35 years$1,425$959$628$403$254$40
36 years$1,371$910$588$371$230$34
37 years$1,319$864$550$342$209$29
38 years$1,270$822$515$315$189$25
39 years$1,224$781$483$290$171$21
40 years$1,180$743$452$268$155$18
41 years$1,138$708$424$247$141$15
42 years$1,099$674$398$228$128$13
43 years$1,061$642$373$211$116$11
44 years$1,025$612$350$194$105$9
45 years$991$584$329$180$96$8
46 years$959$557$309$166$87$7
47 years$928$531$290$153$79$6
48 years$898$507$273$142$72$5
49 years$870$484$256$131$65$4
50 years$843$463$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 $863,000, adding $6,614 every year, while hoping to spend $54,939 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: 69/26/5 Blend
63$863,000$863,000$863,000$863,000
64$957,848$912,109$898,733$1,022,961
65$997,094$898,348$870,386$1,053,120
66$1,038,502$882,071$839,248$1,078,713
67$1,082,234$863,097$805,167$1,105,191
68$1,128,467$841,235$767,986$1,132,628
69$1,177,395$816,280$727,538$1,161,107
70$1,229,230$788,018$683,651$1,190,721
71$1,284,201$756,220$636,143$1,221,576
72$1,342,562$720,647$584,826$1,253,786
73$1,404,587$681,043$529,502$1,287,482
74$1,470,580$637,139$469,964$1,322,811
75$1,540,869$588,649$405,998$1,359,933
76$1,615,817$535,272$337,379$1,399,031
77$1,695,820$476,690$263,870$1,440,307
78$1,781,311$412,565$185,228$1,483,986
79$1,872,767$342,543$101,195$1,530,321
80$1,970,709$266,248$11,505$1,579,592
81$2,075,709$183,281$0$1,632,110
82$2,188,395$93,226$0$1,692,718
83$2,309,455$0$0$1,758,257
84$2,439,645$0$0$1,829,807
85$2,579,795$0$0$1,935,580
86$2,730,817$0$0$2,049,593
87$2,893,711$0$0$2,172,608
88$3,069,578$0$0$2,305,461
89$3,259,625$0$0$2,449,068
90$3,465,181$0$0$2,604,440
91$3,687,705$0$0$2,772,685
92$3,928,803$0$0$2,955,023
93$4,190,239$0$0$3,152,794
94$4,473,953$0$0$3,367,473
95$4,782,080$0$0$3,600,682
96$5,116,967$0$0$3,854,205
97$5,481,196$0$0$4,130,004
98$5,877,610$0$0$4,430,238
99$6,309,333$0$0$4,757,284
100$6,779,807$0$0$5,113,756