Can I retire at age 64 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$71,596$70,958$70,336$69,729$69,136$66,950
2 years$35,444$34,783$34,144$33,523$32,922$30,739
3 years$23,394$22,731$22,093$21,479$20,887$18,776
4 years$17,371$16,710$16,078$15,474$14,897$12,874
5 years$13,758$13,101$12,477$11,886$11,324$9,395
6 years$11,350$10,698$10,084$9,505$8,961$7,126
7 years$9,631$8,984$8,379$7,815$7,287$5,548
8 years$8,342$7,701$7,106$6,556$6,046$4,400
9 years$7,340$6,705$6,121$5,584$5,091$3,538
10 years$6,539$5,910$5,336$4,813$4,338$2,874
11 years$5,884$5,261$4,698$4,189$3,731$2,354
12 years$5,338$4,722$4,169$3,674$3,233$1,941
13 years$4,877$4,268$3,725$3,244$2,819$1,608
14 years$4,482$3,879$3,347$2,880$2,471$1,338
15 years$4,140$3,544$3,022$2,568$2,176$1,117
16 years$3,841$3,251$2,740$2,299$1,923$935
17 years$3,578$2,994$2,493$2,066$1,705$784
18 years$3,344$2,767$2,276$1,862$1,516$659
19 years$3,135$2,564$2,083$1,682$1,351$555
20 years$2,947$2,383$1,912$1,524$1,207$468
21 years$2,777$2,220$1,759$1,383$1,080$395
22 years$2,623$2,072$1,621$1,257$968$333
23 years$2,482$1,938$1,497$1,145$869$282
24 years$2,353$1,816$1,384$1,044$781$238
25 years$2,235$1,704$1,282$954$703$202
26 years$2,126$1,601$1,189$872$633$171
27 years$2,026$1,507$1,104$798$571$145
28 years$1,932$1,420$1,026$731$515$123
29 years$1,846$1,340$955$671$465$104
30 years$1,765$1,265$890$616$420$88
31 years$1,689$1,196$829$565$380$75
32 years$1,619$1,132$774$520$344$63
33 years$1,553$1,072$723$478$311$54
34 years$1,491$1,016$675$440$282$46
35 years$1,432$963$631$405$255$39
36 years$1,377$914$590$373$231$33
37 years$1,325$868$553$343$209$28
38 years$1,276$825$518$316$190$24
39 years$1,229$785$485$292$172$20
40 years$1,185$747$454$269$156$17
41 years$1,144$711$426$248$142$14
42 years$1,104$677$400$229$129$12
43 years$1,066$645$375$212$117$10
44 years$1,030$615$352$195$106$9
45 years$996$586$331$180$96$7
46 years$963$559$311$167$87$6
47 years$932$534$292$154$79$5
48 years$902$510$274$142$72$5
49 years$874$487$258$131$65$4
50 years$846$465$242$122$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $867,000, adding $6,011 every year, while hoping to spend $38,102 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: 69/17/14 Blend
63$867,000$867,000$867,000$867,000
64$961,634$915,683$902,245$1,024,530
65$1,019,181$920,012$891,930$1,071,465
66$1,081,320$923,275$879,992$1,117,675
67$1,148,480$925,381$866,337$1,167,252
68$1,221,132$926,231$850,867$1,220,522
69$1,299,793$925,722$833,476$1,277,844
70$1,385,031$923,742$814,057$1,339,615
71$1,477,472$920,173$792,496$1,406,274
72$1,577,805$914,892$768,675$1,478,304
73$1,686,784$907,765$742,469$1,556,240
74$1,805,243$898,653$713,748$1,640,669
75$1,934,097$887,405$682,378$1,732,243
76$2,074,352$873,865$648,215$1,831,678
77$2,227,117$857,866$611,111$1,939,765
78$2,393,611$839,230$570,911$2,057,379
79$2,575,176$817,769$527,454$2,185,482
80$2,773,290$793,285$480,569$2,325,138
81$2,989,578$765,569$430,081$2,477,521
82$3,225,830$734,396$375,803$2,643,925
83$3,484,016$699,533$317,544$2,825,778
84$3,766,305$660,730$255,101$3,024,656
85$4,075,085$617,723$188,265$3,242,299
86$4,412,987$570,234$116,814$3,480,624
87$4,782,905$517,969$40,521$3,741,747
88$5,188,029$460,617$0$4,028,004
89$5,631,868$397,848$0$4,348,078
90$6,118,292$329,315$0$4,705,558
91$6,651,557$254,652$0$5,097,558
92$7,236,356$173,469$0$5,527,575
93$7,877,854$85,359$0$5,999,463
94$8,581,741$0$0$6,517,473
95$9,354,286$0$0$7,088,180
96$10,202,392$0$0$7,732,288
97$11,133,665$0$0$8,439,609
98$12,156,483$0$0$9,216,513
99$13,280,074$0$0$10,070,018
100$14,514,606$0$0$11,007,853