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%13.6%
1 years$71,431$70,795$70,174$69,568$68,976$67,946
2 years$35,362$34,703$34,065$33,446$32,846$31,810
3 years$23,340$22,679$22,042$21,429$20,839$19,829
4 years$17,331$16,671$16,041$15,439$14,862$13,888
5 years$13,726$13,071$12,449$11,858$11,298$10,361
6 years$11,324$10,673$10,060$9,483$8,940$8,041
7 years$9,608$8,963$8,360$7,797$7,270$6,411
8 years$8,322$7,683$7,090$6,540$6,032$5,210
9 years$7,323$6,690$6,107$5,571$5,079$4,297
10 years$6,524$5,897$5,324$4,802$4,328$3,583
11 years$5,870$5,249$4,687$4,179$3,722$3,014
12 years$5,326$4,712$4,160$3,666$3,226$2,553
13 years$4,866$4,258$3,716$3,236$2,813$2,176
14 years$4,472$3,870$3,339$2,873$2,466$1,863
15 years$4,131$3,536$3,015$2,562$2,171$1,601
16 years$3,832$3,244$2,733$2,294$1,919$1,381
17 years$3,569$2,987$2,487$2,061$1,701$1,194
18 years$3,336$2,761$2,271$1,858$1,513$1,035
19 years$3,127$2,558$2,079$1,679$1,348$899
20 years$2,940$2,377$1,908$1,520$1,204$782
21 years$2,770$2,214$1,755$1,380$1,078$682
22 years$2,617$2,067$1,617$1,254$966$595
23 years$2,476$1,933$1,493$1,142$867$520
24 years$2,348$1,811$1,381$1,042$779$454
25 years$2,230$1,700$1,279$952$701$398
26 years$2,121$1,598$1,186$870$632$348
27 years$2,021$1,504$1,102$796$570$305
28 years$1,928$1,417$1,024$730$514$268
29 years$1,841$1,337$953$669$464$235
30 years$1,761$1,262$888$614$419$206
31 years$1,686$1,193$828$564$379$181
32 years$1,615$1,129$772$518$343$159
33 years$1,549$1,069$721$477$310$140
34 years$1,487$1,013$674$439$281$123
35 years$1,429$961$630$404$255$108
36 years$1,374$912$589$372$231$95
37 years$1,322$866$551$343$209$83
38 years$1,273$823$516$316$189$73
39 years$1,227$783$484$291$172$64
40 years$1,183$745$453$269$156$57
41 years$1,141$709$425$248$141$50
42 years$1,101$675$399$229$128$44
43 years$1,064$644$374$211$116$39
44 years$1,028$613$351$195$106$34
45 years$994$585$330$180$96$30
46 years$961$558$310$166$87$26
47 years$930$533$291$154$79$23
48 years$900$508$274$142$72$20
49 years$872$485$257$131$65$18
50 years$845$464$242$121$59$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $865,000, adding $2,831 every year, while hoping to spend $53,333 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: 44/32/24 Blend
63$865,000$865,000$865,000$865,000
64$956,150$910,305$896,898$991,456
65$996,932$898,164$870,198$1,004,625
66$1,040,085$883,641$840,816$1,013,509
67$1,085,797$866,562$808,606$1,022,077
68$1,134,269$846,745$773,415$1,030,330
69$1,185,723$823,994$735,084$1,038,269
70$1,240,403$798,105$693,445$1,045,902
71$1,298,572$768,861$648,323$1,053,242
72$1,360,522$736,030$599,537$1,060,306
73$1,426,569$699,370$546,896$1,067,120
74$1,497,062$658,622$490,201$1,073,717
75$1,572,383$613,515$429,243$1,080,139
76$1,652,949$563,760$363,805$1,086,439
77$1,739,219$509,053$293,661$1,092,679
78$1,831,694$449,072$218,574$1,098,937
79$1,930,927$383,477$138,296$1,105,306
80$2,037,522$311,908$52,570$1,111,893
81$2,152,144$233,985$0$1,118,827
82$2,275,521$149,309$0$1,136,223
83$2,408,454$57,455$0$1,169,303
84$2,551,822$0$0$1,204,866
85$2,706,592$0$0$1,258,019
86$2,873,824$0$0$1,337,394
87$3,054,686$0$0$1,423,324
88$3,250,459$0$0$1,516,429
89$3,462,553$0$0$1,617,390
90$3,692,518$0$0$1,726,957
91$3,942,058$0$0$1,845,955
92$4,213,048$0$0$1,975,290
93$4,507,549$0$0$2,115,961
94$4,827,829$0$0$2,269,064
95$5,176,384$0$0$2,435,808
96$5,555,959$0$0$2,617,521
97$5,969,576$0$0$2,815,668
98$6,420,559$0$0$3,031,856
99$6,912,568$0$0$3,267,859
100$7,449,632$0$0$3,525,628