Can I retire at age 64 with 867,000?

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 $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%14.1%
1 years$71,596$70,958$70,336$69,729$69,136$67,962
2 years$35,444$34,783$34,144$33,523$32,922$31,743
3 years$23,394$22,731$22,093$21,479$20,887$19,740
4 years$17,371$16,710$16,078$15,474$14,897$13,790
5 years$13,758$13,101$12,477$11,886$11,324$10,261
6 years$11,350$10,698$10,084$9,505$8,961$7,942
7 years$9,631$8,984$8,379$7,815$7,287$6,314
8 years$8,342$7,701$7,106$6,556$6,046$5,117
9 years$7,340$6,705$6,121$5,584$5,091$4,207
10 years$6,539$5,910$5,336$4,813$4,338$3,498
11 years$5,884$5,261$4,698$4,189$3,731$2,933
12 years$5,338$4,722$4,169$3,674$3,233$2,477
13 years$4,877$4,268$3,725$3,244$2,819$2,104
14 years$4,482$3,879$3,347$2,880$2,471$1,795
15 years$4,140$3,544$3,022$2,568$2,176$1,538
16 years$3,841$3,251$2,740$2,299$1,923$1,321
17 years$3,578$2,994$2,493$2,066$1,705$1,139
18 years$3,344$2,767$2,276$1,862$1,516$984
19 years$3,135$2,564$2,083$1,682$1,351$851
20 years$2,947$2,383$1,912$1,524$1,207$738
21 years$2,777$2,220$1,759$1,383$1,080$641
22 years$2,623$2,072$1,621$1,257$968$557
23 years$2,482$1,938$1,497$1,145$869$485
24 years$2,353$1,816$1,384$1,044$781$422
25 years$2,235$1,704$1,282$954$703$368
26 years$2,126$1,601$1,189$872$633$321
27 years$2,026$1,507$1,104$798$571$280
28 years$1,932$1,420$1,026$731$515$245
29 years$1,846$1,340$955$671$465$214
30 years$1,765$1,265$890$616$420$187
31 years$1,689$1,196$829$565$380$163
32 years$1,619$1,132$774$520$344$143
33 years$1,553$1,072$723$478$311$125
34 years$1,491$1,016$675$440$282$109
35 years$1,432$963$631$405$255$96
36 years$1,377$914$590$373$231$84
37 years$1,325$868$553$343$209$73
38 years$1,276$825$518$316$190$64
39 years$1,229$785$485$292$172$56
40 years$1,185$747$454$269$156$49
41 years$1,144$711$426$248$142$43
42 years$1,104$677$400$229$129$38
43 years$1,066$645$375$212$117$33
44 years$1,030$615$352$195$106$29
45 years$996$586$331$180$96$25
46 years$963$559$311$167$87$22
47 years$932$534$292$154$79$19
48 years$902$510$274$142$72$17
49 years$874$487$258$131$65$15
50 years$846$465$242$122$59$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $867,000, adding $2,342 every year, while hoping to spend $57,665 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: 44/36/20 Blend
63$867,000$867,000$867,000$867,000
64$957,850$911,899$898,460$994,356
65$994,195$895,227$867,204$1,003,637
66$1,032,315$875,805$832,967$1,007,843
67$1,072,330$853,438$795,590$1,011,211
68$1,114,370$827,919$754,905$1,013,691
69$1,158,577$799,028$710,735$1,015,233
70$1,205,105$766,534$662,898$1,015,786
71$1,254,122$730,190$611,201$1,015,299
72$1,305,811$689,738$555,445$1,013,721
73$1,360,371$644,902$495,419$1,011,003
74$1,418,019$595,392$430,906$1,007,095
75$1,478,992$540,901$361,676$1,001,949
76$1,543,549$481,105$287,492$995,519
77$1,611,972$415,661$208,105$987,760
78$1,684,570$344,205$123,253$978,632
79$1,761,681$266,356$32,667$968,099
80$1,843,674$181,709$0$956,128
81$1,930,952$89,836$0$956,351
82$2,023,958$0$0$963,418
83$2,123,177$0$0$974,252
84$2,229,138$0$0$1,023,891
85$2,342,423$0$0$1,077,026
86$2,463,670$0$0$1,133,965
87$2,593,577$0$0$1,195,044
88$2,732,911$0$0$1,260,635
89$2,882,512$0$0$1,331,142
90$3,043,305$0$0$1,407,011
91$3,216,301$0$0$1,488,732
92$3,402,615$0$0$1,576,842
93$3,603,468$0$0$1,671,932
94$3,820,202$0$0$1,774,649
95$4,054,292$0$0$1,885,707
96$4,307,358$0$0$2,005,890
97$4,581,183$0$0$2,136,058
98$4,877,723$0$0$2,277,159
99$5,199,133$0$0$2,430,233
100$5,547,778$0$0$2,596,427