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%19.4%
1 years$71,431$70,795$70,174$69,568$68,976$66,371
2 years$35,362$34,703$34,065$33,446$32,846$30,251
3 years$23,340$22,679$22,042$21,429$20,839$18,336
4 years$17,331$16,671$16,041$15,439$14,862$12,471
5 years$13,726$13,071$12,449$11,858$11,298$9,025
6 years$11,324$10,673$10,060$9,483$8,940$6,786
7 years$9,608$8,963$8,360$7,797$7,270$5,235
8 years$8,322$7,683$7,090$6,540$6,032$4,113
9 years$7,323$6,690$6,107$5,571$5,079$3,274
10 years$6,524$5,897$5,324$4,802$4,328$2,634
11 years$5,870$5,249$4,687$4,179$3,722$2,135
12 years$5,326$4,712$4,160$3,666$3,226$1,741
13 years$4,866$4,258$3,716$3,236$2,813$1,427
14 years$4,472$3,870$3,339$2,873$2,466$1,174
15 years$4,131$3,536$3,015$2,562$2,171$969
16 years$3,832$3,244$2,733$2,294$1,919$802
17 years$3,569$2,987$2,487$2,061$1,701$665
18 years$3,336$2,761$2,271$1,858$1,513$552
19 years$3,127$2,558$2,079$1,679$1,348$459
20 years$2,940$2,377$1,908$1,520$1,204$382
21 years$2,770$2,214$1,755$1,380$1,078$319
22 years$2,617$2,067$1,617$1,254$966$266
23 years$2,476$1,933$1,493$1,142$867$222
24 years$2,348$1,811$1,381$1,042$779$185
25 years$2,230$1,700$1,279$952$701$155
26 years$2,121$1,598$1,186$870$632$129
27 years$2,021$1,504$1,102$796$570$108
28 years$1,928$1,417$1,024$730$514$91
29 years$1,841$1,337$953$669$464$76
30 years$1,761$1,262$888$614$419$63
31 years$1,686$1,193$828$564$379$53
32 years$1,615$1,129$772$518$343$44
33 years$1,549$1,069$721$477$310$37
34 years$1,487$1,013$674$439$281$31
35 years$1,429$961$630$404$255$26
36 years$1,374$912$589$372$231$22
37 years$1,322$866$551$343$209$18
38 years$1,273$823$516$316$189$15
39 years$1,227$783$484$291$172$13
40 years$1,183$745$453$269$156$11
41 years$1,141$709$425$248$141$9
42 years$1,101$675$399$229$128$8
43 years$1,064$644$374$211$116$6
44 years$1,028$613$351$195$106$5
45 years$994$585$330$180$96$4
46 years$961$558$310$166$87$4
47 years$930$533$291$154$79$3
48 years$900$508$274$142$72$3
49 years$872$485$257$131$65$2
50 years$845$464$242$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $865,000, adding $3,245 every year, while hoping to spend $59,630 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: 51/42/7 Blend
63$865,000$865,000$865,000$865,000
64$956,577$910,732$897,325$1,003,532
65$990,702$891,912$863,939$1,017,010
66$1,026,309$870,172$827,437$1,024,952
67$1,063,487$845,304$787,650$1,032,167
68$1,102,330$817,092$744,404$1,038,598
69$1,142,942$785,303$697,516$1,044,190
70$1,185,434$749,695$646,794$1,048,883
71$1,229,927$710,008$592,040$1,052,617
72$1,276,550$665,969$533,044$1,055,330
73$1,325,445$617,289$469,588$1,056,958
74$1,376,767$563,662$401,446$1,057,437
75$1,430,681$504,766$328,378$1,056,702
76$1,487,370$440,258$250,138$1,054,685
77$1,547,029$369,779$166,465$1,051,320
78$1,609,874$292,946$77,090$1,046,541
79$1,676,139$209,358$0$1,040,281
80$1,746,077$118,588$0$1,033,841
81$1,819,966$20,189$0$1,032,023
82$1,898,110$0$0$1,029,027
83$1,980,838$0$0$1,064,708
84$2,068,512$0$0$1,112,453
85$2,161,526$0$0$1,163,150
86$2,260,311$0$0$1,217,042
87$2,365,339$0$0$1,274,391
88$2,477,125$0$0$1,335,485
89$2,596,235$0$0$1,400,641
90$2,723,288$0$0$1,470,205
91$2,858,960$0$0$1,544,555
92$3,003,995$0$0$1,624,107
93$3,159,206$0$0$1,709,316
94$3,325,486$0$0$1,800,683
95$3,503,814$0$0$1,898,755
96$3,695,263$0$0$2,004,134
97$3,901,013$0$0$2,117,480
98$4,122,359$0$0$2,239,519
99$4,360,719$0$0$2,371,047
100$4,617,656$0$0$2,512,938