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%19.7%
1 years$71,431$70,795$70,174$69,568$68,976$66,292
2 years$35,362$34,703$34,065$33,446$32,846$30,174
3 years$23,340$22,679$22,042$21,429$20,839$18,263
4 years$17,331$16,671$16,041$15,439$14,862$12,403
5 years$13,726$13,071$12,449$11,858$11,298$8,961
6 years$11,324$10,673$10,060$9,483$8,940$6,727
7 years$9,608$8,963$8,360$7,797$7,270$5,180
8 years$8,322$7,683$7,090$6,540$6,032$4,063
9 years$7,323$6,690$6,107$5,571$5,079$3,229
10 years$6,524$5,897$5,324$4,802$4,328$2,592
11 years$5,870$5,249$4,687$4,179$3,722$2,097
12 years$5,326$4,712$4,160$3,666$3,226$1,707
13 years$4,866$4,258$3,716$3,236$2,813$1,396
14 years$4,472$3,870$3,339$2,873$2,466$1,146
15 years$4,131$3,536$3,015$2,562$2,171$944
16 years$3,832$3,244$2,733$2,294$1,919$779
17 years$3,569$2,987$2,487$2,061$1,701$645
18 years$3,336$2,761$2,271$1,858$1,513$534
19 years$3,127$2,558$2,079$1,679$1,348$443
20 years$2,940$2,377$1,908$1,520$1,204$368
21 years$2,770$2,214$1,755$1,380$1,078$306
22 years$2,617$2,067$1,617$1,254$966$255
23 years$2,476$1,933$1,493$1,142$867$212
24 years$2,348$1,811$1,381$1,042$779$177
25 years$2,230$1,700$1,279$952$701$147
26 years$2,121$1,598$1,186$870$632$123
27 years$2,021$1,504$1,102$796$570$103
28 years$1,928$1,417$1,024$730$514$86
29 years$1,841$1,337$953$669$464$71
30 years$1,761$1,262$888$614$419$60
31 years$1,686$1,193$828$564$379$50
32 years$1,615$1,129$772$518$343$42
33 years$1,549$1,069$721$477$310$35
34 years$1,487$1,013$674$439$281$29
35 years$1,429$961$630$404$255$24
36 years$1,374$912$589$372$231$20
37 years$1,322$866$551$343$209$17
38 years$1,273$823$516$316$189$14
39 years$1,227$783$484$291$172$12
40 years$1,183$745$453$269$156$10
41 years$1,141$709$425$248$141$8
42 years$1,101$675$399$229$128$7
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$3
47 years$930$533$291$154$79$3
48 years$900$508$274$142$72$2
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 $5,740 every year, while hoping to spend $48,931 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: 66/15/19 Blend
63$865,000$865,000$865,000$865,000
64$959,151$913,306$899,898$1,017,547
65$1,004,922$905,996$877,983$1,050,082
66$1,053,722$896,687$853,693$1,079,474
67$1,105,808$885,231$826,898$1,110,430
68$1,161,461$871,469$797,460$1,143,103
69$1,220,992$855,232$765,237$1,177,664
70$1,284,738$836,343$730,077$1,214,302
71$1,353,071$814,614$691,824$1,253,227
72$1,426,399$789,845$650,315$1,294,671
73$1,505,168$761,824$605,377$1,338,894
74$1,589,871$730,328$556,833$1,386,182
75$1,681,045$695,122$504,494$1,436,852
76$1,779,282$655,953$448,165$1,491,260
77$1,885,233$612,559$387,643$1,549,794
78$1,999,611$564,659$322,713$1,612,890
79$2,123,202$511,958$253,155$1,681,027
80$2,256,867$454,143$178,734$1,754,739
81$2,401,555$390,883$99,209$1,834,615
82$2,558,308$321,830$14,326$1,921,309
83$2,728,270$246,615$0$2,015,544
84$2,912,703$164,848$0$2,133,582
85$3,112,991$76,119$0$2,264,953
86$3,330,660$0$0$2,407,791
87$3,567,385$0$0$2,566,544
88$3,825,012$0$0$2,753,037
89$4,105,570$0$0$2,956,179
90$4,411,293$0$0$3,177,596
91$4,744,638$0$0$3,419,074
92$5,108,312$0$0$3,682,579
93$5,505,291$0$0$3,970,277
94$5,938,854$0$0$4,284,551
95$6,412,609$0$0$4,628,023
96$6,930,530$0$0$5,003,583
97$7,496,988$0$0$5,414,410
98$8,116,802$0$0$5,864,006
99$8,795,272$0$0$6,356,227
100$9,538,239$0$0$6,895,318