Can I retire at age 64 with 864,000?

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 $864,000?

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$71,348$70,713$70,093$69,488$68,897$68,007
2 years$35,321$34,663$34,026$33,407$32,808$31,913
3 years$23,313$22,653$22,017$21,404$20,815$19,943
4 years$17,311$16,652$16,023$15,421$14,845$14,002
5 years$13,710$13,055$12,434$11,845$11,285$10,474
6 years$11,311$10,661$10,049$9,472$8,930$8,151
7 years$9,597$8,953$8,350$7,788$7,262$6,516
8 years$8,313$7,674$7,082$6,533$6,025$5,311
9 years$7,314$6,682$6,100$5,565$5,074$4,393
10 years$6,516$5,890$5,318$4,797$4,323$3,674
11 years$5,863$5,243$4,682$4,175$3,718$3,101
12 years$5,320$4,706$4,155$3,662$3,222$2,635
13 years$4,860$4,253$3,712$3,233$2,810$2,253
14 years$4,467$3,866$3,335$2,870$2,463$1,935
15 years$4,126$3,531$3,011$2,559$2,168$1,669
16 years$3,828$3,240$2,730$2,291$1,916$1,444
17 years$3,565$2,984$2,484$2,059$1,699$1,254
18 years$3,332$2,757$2,268$1,855$1,511$1,091
19 years$3,124$2,555$2,076$1,677$1,347$951
20 years$2,936$2,375$1,905$1,518$1,203$830
21 years$2,767$2,212$1,753$1,378$1,076$726
22 years$2,614$2,065$1,615$1,253$965$636
23 years$2,474$1,931$1,491$1,141$866$558
24 years$2,345$1,809$1,379$1,041$779$490
25 years$2,228$1,698$1,278$951$701$430
26 years$2,119$1,596$1,185$869$631$378
27 years$2,019$1,502$1,100$795$569$333
28 years$1,926$1,415$1,023$729$513$293
29 years$1,839$1,335$952$668$464$258
30 years$1,759$1,261$887$613$419$227
31 years$1,684$1,192$827$563$379$201
32 years$1,613$1,128$771$518$343$177
33 years$1,547$1,068$720$476$310$156
34 years$1,485$1,012$673$438$281$138
35 years$1,427$960$629$403$254$121
36 years$1,372$911$588$371$230$107
37 years$1,320$865$551$342$209$95
38 years$1,271$823$516$315$189$84
39 years$1,225$782$483$291$172$74
40 years$1,181$744$453$268$156$65
41 years$1,140$708$425$247$141$58
42 years$1,100$675$398$228$128$51
43 years$1,062$643$374$211$116$45
44 years$1,027$613$351$195$106$40
45 years$992$584$329$180$96$35
46 years$960$557$309$166$87$31
47 years$929$532$291$153$79$27
48 years$899$508$273$142$72$24
49 years$871$485$257$131$65$21
50 years$844$463$241$121$59$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $864,000, adding $4,055 every year, while hoping to spend $32,512 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: 52/19/29 Blend
63$864,000$864,000$864,000$864,000
64$956,311$910,519$897,127$998,061
65$1,019,262$920,542$892,588$1,037,566
66$1,087,544$929,966$886,807$1,076,919
67$1,161,668$938,728$879,709$1,119,095
68$1,242,192$946,760$871,214$1,164,377
69$1,329,735$953,990$861,238$1,213,079
70$1,424,972$960,340$849,695$1,265,549
71$1,528,652$965,730$836,492$1,322,170
72$1,641,595$970,070$821,534$1,383,368
73$1,764,703$973,270$804,722$1,449,610
74$1,898,973$975,230$785,950$1,521,417
75$2,045,497$975,845$765,108$1,599,361
76$2,205,481$975,005$742,082$1,684,076
77$2,380,250$972,590$716,753$1,776,264
78$2,571,265$968,477$688,993$1,876,697
79$2,780,133$962,531$658,673$1,986,232
80$3,008,623$954,612$625,655$2,105,813
81$3,258,684$944,569$589,796$2,236,484
82$3,532,462$932,245$550,946$2,379,398
83$3,832,318$917,470$508,949$2,535,829
84$4,160,856$900,067$463,640$2,707,183
85$4,520,940$879,848$414,848$2,895,014
86$4,915,727$856,611$362,397$3,101,036
87$5,348,692$830,146$306,098$3,327,145
88$5,823,663$800,228$245,757$3,575,430
89$6,344,858$766,620$181,171$3,848,200
90$6,916,921$729,072$112,127$4,148,003
91$7,544,968$687,318$38,405$4,477,652
92$8,234,636$641,077$0$4,840,251
93$8,992,132$590,053$0$5,251,688
94$9,824,296$533,932$0$5,716,775
95$10,738,662$472,383$0$6,227,866
96$11,743,531$405,054$0$6,789,648
97$12,848,046$331,577$0$7,407,286
98$14,062,282$251,560$0$8,086,474
99$15,397,338$164,589$0$8,833,490
100$16,865,442$70,229$0$9,655,253