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%18.9%
1 years$71,513$70,876$70,255$69,648$69,056$66,579
2 years$35,403$34,743$34,104$33,485$32,884$30,415
3 years$23,367$22,705$22,068$21,454$20,863$18,480
4 years$17,351$16,691$16,060$15,456$14,880$12,601
5 years$13,742$13,086$12,463$11,872$11,311$9,143
6 years$11,337$10,685$10,072$9,494$8,950$6,893
7 years$9,619$8,974$8,370$7,806$7,279$5,333
8 years$8,332$7,692$7,098$6,548$6,039$4,202
9 years$7,331$6,697$6,114$5,577$5,085$3,356
10 years$6,531$5,903$5,330$4,808$4,333$2,708
11 years$5,877$5,255$4,693$4,184$3,726$2,202
12 years$5,332$4,717$4,165$3,670$3,229$1,802
13 years$4,871$4,263$3,721$3,240$2,816$1,482
14 years$4,477$3,875$3,343$2,876$2,468$1,223
15 years$4,135$3,540$3,018$2,565$2,173$1,013
16 years$3,837$3,248$2,737$2,297$1,921$841
17 years$3,574$2,991$2,490$2,064$1,703$700
18 years$3,340$2,764$2,273$1,860$1,514$584
19 years$3,131$2,561$2,081$1,680$1,350$487
20 years$2,943$2,380$1,910$1,522$1,206$407
21 years$2,774$2,217$1,757$1,381$1,079$341
22 years$2,620$2,070$1,619$1,256$967$285
23 years$2,479$1,936$1,495$1,144$868$239
24 years$2,351$1,814$1,383$1,043$780$201
25 years$2,233$1,702$1,281$953$702$168
26 years$2,124$1,599$1,188$871$632$141
27 years$2,023$1,505$1,103$797$570$119
28 years$1,930$1,418$1,025$731$515$100
29 years$1,843$1,338$954$670$465$84
30 years$1,763$1,264$889$615$420$70
31 years$1,687$1,195$828$565$380$59
32 years$1,617$1,130$773$519$343$50
33 years$1,551$1,070$722$477$311$42
34 years$1,489$1,015$674$439$281$35
35 years$1,430$962$630$404$255$29
36 years$1,375$913$590$372$231$25
37 years$1,323$867$552$343$209$21
38 years$1,274$824$517$316$190$18
39 years$1,228$784$484$291$172$15
40 years$1,184$746$454$269$156$12
41 years$1,142$710$426$248$142$10
42 years$1,103$676$399$229$128$9
43 years$1,065$644$375$211$117$7
44 years$1,029$614$352$195$106$6
45 years$995$586$330$180$96$5
46 years$962$559$310$166$87$4
47 years$931$533$291$154$79$4
48 years$901$509$274$142$72$3
49 years$873$486$257$131$65$3
50 years$846$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 $866,000, adding $3,160 every year, while hoping to spend $37,639 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: 22/48/30 Blend
63$866,000$866,000$866,000$866,000
64$957,592$911,694$898,271$969,541
65$1,015,218$916,319$888,315$985,180
66$1,077,461$919,909$876,764$998,567
67$1,144,752$922,375$863,526$1,012,091
68$1,217,564$923,618$848,501$1,025,786
69$1,296,419$923,539$831,589$1,039,697
70$1,381,888$922,027$812,682$1,053,875
71$1,474,603$918,968$791,669$1,068,380
72$1,575,254$914,240$768,432$1,083,282
73$1,684,605$907,712$742,849$1,098,662
74$1,803,493$899,248$714,792$1,114,615
75$1,932,840$888,702$684,128$1,131,249
76$2,073,659$875,918$650,717$1,148,690
77$2,227,069$860,734$614,412$1,167,080
78$2,394,295$842,976$575,060$1,186,582
79$2,576,691$822,459$532,502$1,207,382
80$2,775,743$798,990$486,571$1,229,692
81$2,993,091$772,362$437,093$1,253,749
82$3,230,535$742,357$383,885$1,279,826
83$3,490,062$708,744$326,757$1,308,229
84$3,773,856$671,280$265,511$1,339,302
85$4,084,323$629,707$199,939$1,373,435
86$4,424,111$583,750$129,825$1,411,066
87$4,796,139$533,122$54,942$1,452,686
88$5,203,618$477,517$0$1,498,848
89$5,650,084$416,614$0$1,558,164
90$6,139,436$350,070$0$1,642,621
91$6,675,961$277,527$0$1,735,474
92$7,264,387$198,603$0$1,837,674
93$7,909,918$112,898$0$1,950,282
94$8,618,287$19,988$0$2,074,473
95$9,395,808$0$0$2,211,551
96$10,249,438$0$0$2,405,525
97$11,186,839$0$0$2,630,289
98$12,216,451$0$0$2,877,330
99$13,347,574$0$0$3,148,900
100$14,590,450$0$0$3,447,480