Can I retire at age 64 with 866,000?

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 $866,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$71,513$70,876$70,255$69,648$69,056$67,414
2 years$35,403$34,743$34,104$33,485$32,884$31,239
3 years$23,367$22,705$22,068$21,454$20,863$19,267
4 years$17,351$16,691$16,060$15,456$14,880$13,345
5 years$13,742$13,086$12,463$11,872$11,311$9,841
6 years$11,337$10,685$10,072$9,494$8,950$7,547
7 years$9,619$8,974$8,370$7,806$7,279$5,943
8 years$8,332$7,692$7,098$6,548$6,039$4,769
9 years$7,331$6,697$6,114$5,577$5,085$3,881
10 years$6,531$5,903$5,330$4,808$4,333$3,193
11 years$5,877$5,255$4,693$4,184$3,726$2,649
12 years$5,332$4,717$4,165$3,670$3,229$2,212
13 years$4,871$4,263$3,721$3,240$2,816$1,858
14 years$4,477$3,875$3,343$2,876$2,468$1,567
15 years$4,135$3,540$3,018$2,565$2,173$1,327
16 years$3,837$3,248$2,737$2,297$1,921$1,127
17 years$3,574$2,991$2,490$2,064$1,703$959
18 years$3,340$2,764$2,273$1,860$1,514$818
19 years$3,131$2,561$2,081$1,680$1,350$699
20 years$2,943$2,380$1,910$1,522$1,206$598
21 years$2,774$2,217$1,757$1,381$1,079$513
22 years$2,620$2,070$1,619$1,256$967$440
23 years$2,479$1,936$1,495$1,144$868$378
24 years$2,351$1,814$1,383$1,043$780$325
25 years$2,233$1,702$1,281$953$702$279
26 years$2,124$1,599$1,188$871$632$240
27 years$2,023$1,505$1,103$797$570$207
28 years$1,930$1,418$1,025$731$515$178
29 years$1,843$1,338$954$670$465$153
30 years$1,763$1,264$889$615$420$132
31 years$1,687$1,195$828$565$380$114
32 years$1,617$1,130$773$519$343$98
33 years$1,551$1,070$722$477$311$85
34 years$1,489$1,015$674$439$281$73
35 years$1,430$962$630$404$255$63
36 years$1,375$913$590$372$231$54
37 years$1,323$867$552$343$209$47
38 years$1,274$824$517$316$190$41
39 years$1,228$784$484$291$172$35
40 years$1,184$746$454$269$156$30
41 years$1,142$710$426$248$142$26
42 years$1,103$676$399$229$128$23
43 years$1,065$644$375$211$117$19
44 years$1,029$614$352$195$106$17
45 years$995$586$330$180$96$14
46 years$962$559$310$166$87$13
47 years$931$533$291$154$79$11
48 years$901$509$274$142$72$9
49 years$873$486$257$131$65$8
50 years$846$464$242$121$59$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $866,000, adding $4,242 every year, while hoping to spend $47,357 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: 66/18/16 Blend
63$866,000$866,000$866,000$866,000
64$958,708$912,810$899,387$1,018,010
65$1,006,108$907,150$879,129$1,052,530
66$1,056,757$899,625$856,605$1,084,352
67$1,110,934$890,095$831,689$1,117,970
68$1,168,949$878,409$804,250$1,153,559
69$1,231,139$864,409$774,150$1,191,312
70$1,297,875$847,925$741,244$1,231,444
71$1,369,566$828,781$705,383$1,274,192
72$1,446,657$806,786$666,409$1,319,819
73$1,529,639$781,742$624,157$1,368,619
74$1,619,051$753,436$578,455$1,420,914
75$1,715,485$721,645$529,124$1,477,063
76$1,819,591$686,132$475,976$1,537,464
77$1,932,083$646,647$418,815$1,602,556
78$2,053,747$602,924$357,436$1,672,827
79$2,185,445$554,683$291,626$1,748,816
80$2,328,126$501,628$221,161$1,831,120
81$2,482,832$443,445$145,808$1,920,401
82$2,650,712$379,805$65,324$2,017,391
83$2,833,027$310,358$0$2,122,898
84$3,031,164$234,734$0$2,241,331
85$3,246,650$152,542$0$2,382,299
86$3,481,164$63,373$0$2,535,781
87$3,736,554$0$0$2,703,040
88$4,014,853$0$0$2,892,044
89$4,318,300$0$0$3,111,864
90$4,649,358$0$0$3,351,737
91$5,010,737$0$0$3,613,636
92$5,405,422$0$0$3,899,729
93$5,836,697$0$0$4,212,404
94$6,308,181$0$0$4,554,292
95$6,823,854$0$0$4,928,287
96$7,388,101$0$0$5,337,578
97$8,005,750$0$0$5,785,675
98$8,682,118$0$0$6,276,443
99$9,423,057$0$0$6,814,139
100$10,235,017$0$0$7,403,451