Can I retire at age 64 with 866,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.7%
1 years$71,513$70,876$70,255$69,648$69,056$68,278
2 years$35,403$34,743$34,104$33,485$32,884$32,101
3 years$23,367$22,705$22,068$21,454$20,863$20,099
4 years$17,351$16,691$16,060$15,456$14,880$14,140
5 years$13,742$13,086$12,463$11,872$11,311$10,599
6 years$11,337$10,685$10,072$9,494$8,950$8,266
7 years$9,619$8,974$8,370$7,806$7,279$6,623
8 years$8,332$7,692$7,098$6,548$6,039$5,411
9 years$7,331$6,697$6,114$5,577$5,085$4,486
10 years$6,531$5,903$5,330$4,808$4,333$3,761
11 years$5,877$5,255$4,693$4,184$3,726$3,182
12 years$5,332$4,717$4,165$3,670$3,229$2,711
13 years$4,871$4,263$3,721$3,240$2,816$2,324
14 years$4,477$3,875$3,343$2,876$2,468$2,001
15 years$4,135$3,540$3,018$2,565$2,173$1,731
16 years$3,837$3,248$2,737$2,297$1,921$1,502
17 years$3,574$2,991$2,490$2,064$1,703$1,307
18 years$3,340$2,764$2,273$1,860$1,514$1,141
19 years$3,131$2,561$2,081$1,680$1,350$997
20 years$2,943$2,380$1,910$1,522$1,206$874
21 years$2,774$2,217$1,757$1,381$1,079$766
22 years$2,620$2,070$1,619$1,256$967$673
23 years$2,479$1,936$1,495$1,144$868$592
24 years$2,351$1,814$1,383$1,043$780$522
25 years$2,233$1,702$1,281$953$702$460
26 years$2,124$1,599$1,188$871$632$405
27 years$2,023$1,505$1,103$797$570$358
28 years$1,930$1,418$1,025$731$515$316
29 years$1,843$1,338$954$670$465$279
30 years$1,763$1,264$889$615$420$247
31 years$1,687$1,195$828$565$380$218
32 years$1,617$1,130$773$519$343$193
33 years$1,551$1,070$722$477$311$171
34 years$1,489$1,015$674$439$281$151
35 years$1,430$962$630$404$255$134
36 years$1,375$913$590$372$231$119
37 years$1,323$867$552$343$209$105
38 years$1,274$824$517$316$190$93
39 years$1,228$784$484$291$172$83
40 years$1,184$746$454$269$156$73
41 years$1,142$710$426$248$142$65
42 years$1,103$676$399$229$128$58
43 years$1,065$644$375$211$117$51
44 years$1,029$614$352$195$106$45
45 years$995$586$330$180$96$40
46 years$962$559$310$166$87$36
47 years$931$533$291$154$79$32
48 years$901$509$274$142$72$28
49 years$873$486$257$131$65$25
50 years$846$464$242$121$59$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $866,000, adding $5,276 every year, while hoping to spend $44,264 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: 68/19/13 Blend
63$866,000$866,000$866,000$866,000
64$959,774$913,876$900,453$1,021,890
65$1,010,575$911,560$883,522$1,061,583
66$1,065,073$907,646$864,540$1,099,215
67$1,123,600$902,010$843,391$1,139,235
68$1,186,519$894,520$819,956$1,181,873
69$1,254,226$885,034$794,108$1,227,382
70$1,327,161$873,404$765,714$1,276,043
71$1,405,803$859,472$734,636$1,328,166
72$1,490,678$843,071$700,731$1,384,092
73$1,582,369$824,022$663,846$1,444,202
74$1,681,510$802,139$623,824$1,508,913
75$1,788,802$777,222$580,501$1,578,690
76$1,905,015$749,061$533,703$1,654,043
77$2,030,995$717,434$483,251$1,735,539
78$2,167,673$682,104$428,956$1,823,802
79$2,316,072$642,823$370,622$1,919,524
80$2,477,317$599,327$308,044$2,023,468
81$2,652,647$551,338$241,007$2,136,478
82$2,843,424$498,560$169,287$2,259,485
83$3,051,146$440,683$92,651$2,393,521
84$3,277,464$377,377$10,856$2,539,722
85$3,524,191$308,295$0$2,699,346
86$3,793,326$233,069$0$2,884,383
87$4,087,068$151,311$0$3,088,060
88$4,407,836$62,613$0$3,310,602
89$4,758,295$0$0$3,553,918
90$5,141,378$0$0$3,827,111
91$5,560,314$0$0$4,140,238
92$6,018,658$0$0$4,482,870
93$6,520,326$0$0$4,857,941
94$7,069,630$0$0$5,268,681
95$7,671,315$0$0$5,718,646
96$8,330,610$0$0$6,211,753
97$9,053,274$0$0$6,752,315
98$9,845,647$0$0$7,345,085
99$10,714,713$0$0$7,995,293
100$11,668,166$0$0$8,708,705