Can I retire at age 64 with 865,000?

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 $865,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$71,431$70,795$70,174$69,568$68,976$67,254
2 years$35,362$34,703$34,065$33,446$32,846$31,122
3 years$23,340$22,679$22,042$21,429$20,839$19,167
4 years$17,331$16,671$16,041$15,439$14,862$13,255
5 years$13,726$13,071$12,449$11,858$11,298$9,760
6 years$11,324$10,673$10,060$9,483$8,940$7,473
7 years$9,608$8,963$8,360$7,797$7,270$5,874
8 years$8,322$7,683$7,090$6,540$6,032$4,706
9 years$7,323$6,690$6,107$5,571$5,079$3,823
10 years$6,524$5,897$5,324$4,802$4,328$3,139
11 years$5,870$5,249$4,687$4,179$3,722$2,599
12 years$5,326$4,712$4,160$3,666$3,226$2,167
13 years$4,866$4,258$3,716$3,236$2,813$1,816
14 years$4,472$3,870$3,339$2,873$2,466$1,528
15 years$4,131$3,536$3,015$2,562$2,171$1,291
16 years$3,832$3,244$2,733$2,294$1,919$1,094
17 years$3,569$2,987$2,487$2,061$1,701$929
18 years$3,336$2,761$2,271$1,858$1,513$791
19 years$3,127$2,558$2,079$1,679$1,348$674
20 years$2,940$2,377$1,908$1,520$1,204$576
21 years$2,770$2,214$1,755$1,380$1,078$492
22 years$2,617$2,067$1,617$1,254$966$422
23 years$2,476$1,933$1,493$1,142$867$361
24 years$2,348$1,811$1,381$1,042$779$310
25 years$2,230$1,700$1,279$952$701$266
26 years$2,121$1,598$1,186$870$632$228
27 years$2,021$1,504$1,102$796$570$196
28 years$1,928$1,417$1,024$730$514$168
29 years$1,841$1,337$953$669$464$145
30 years$1,761$1,262$888$614$419$124
31 years$1,686$1,193$828$564$379$107
32 years$1,615$1,129$772$518$343$92
33 years$1,549$1,069$721$477$310$79
34 years$1,487$1,013$674$439$281$68
35 years$1,429$961$630$404$255$59
36 years$1,374$912$589$372$231$50
37 years$1,322$866$551$343$209$43
38 years$1,273$823$516$316$189$37
39 years$1,227$783$484$291$172$32
40 years$1,183$745$453$269$156$28
41 years$1,141$709$425$248$141$24
42 years$1,101$675$399$229$128$21
43 years$1,064$644$374$211$116$18
44 years$1,028$613$351$195$106$15
45 years$994$585$330$180$96$13
46 years$961$558$310$166$87$11
47 years$930$533$291$154$79$10
48 years$900$508$274$142$72$8
49 years$872$485$257$131$65$7
50 years$845$464$242$121$59$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $865,000, adding $4,301 every year, while hoping to spend $52,775 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: 31/43/26 Blend
63$865,000$865,000$865,000$865,000
64$957,666$911,821$898,414$979,594
65$999,196$900,349$872,359$985,325
66$1,043,193$886,545$843,662$986,526
67$1,089,854$870,240$812,179$986,764
68$1,139,391$851,254$777,759$985,990
69$1,192,040$829,397$740,246$984,155
70$1,248,057$804,466$699,473$981,213
71$1,307,722$776,248$655,268$977,116
72$1,371,343$744,517$607,453$971,820
73$1,439,255$709,034$555,837$965,280
74$1,511,827$669,545$500,226$957,455
75$1,589,464$625,782$440,414$948,309
76$1,672,607$577,464$376,186$937,807
77$1,761,743$524,289$307,318$925,919
78$1,857,404$465,943$233,577$912,624
79$1,960,176$402,091$154,718$897,903
80$2,070,700$332,380$70,487$881,750
81$2,189,681$256,436$0$864,164
82$2,317,893$173,865$0$850,541
83$2,456,185$84,252$0$856,742
84$2,605,492$0$0$863,310
85$2,766,840$0$0$876,465
86$2,941,357$0$0$933,918
87$3,130,282$0$0$996,225
88$3,334,977$0$0$1,063,849
89$3,556,942$0$0$1,137,300
90$3,797,823$0$0$1,217,139
91$4,059,434$0$0$1,303,982
92$4,343,768$0$0$1,398,507
93$4,653,017$0$0$1,501,463
94$4,989,595$0$0$1,613,669
95$5,356,155$0$0$1,736,031
96$5,755,620$0$0$1,869,543
97$6,191,204$0$0$2,015,301
98$6,666,445$0$0$2,174,512
99$7,185,239$0$0$2,348,501
100$7,751,873$0$0$2,538,732