Can I retire at age 64 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$71,679$71,040$70,417$69,809$69,216$67,188
2 years$35,484$34,824$34,183$33,562$32,960$30,934
3 years$23,421$22,758$22,119$21,504$20,911$18,950
4 years$17,391$16,729$16,097$15,492$14,914$13,033
5 years$13,774$13,116$12,492$11,899$11,337$9,541
6 years$11,363$10,710$10,095$9,516$8,971$7,261
7 years$9,642$8,994$8,389$7,824$7,296$5,672
8 years$8,351$7,710$7,115$6,563$6,052$4,515
9 years$7,348$6,713$6,128$5,590$5,097$3,643
10 years$6,546$5,917$5,342$4,819$4,343$2,971
11 years$5,890$5,268$4,703$4,194$3,735$2,443
12 years$5,344$4,728$4,174$3,679$3,237$2,022
13 years$4,883$4,273$3,729$3,248$2,823$1,682
14 years$4,487$3,884$3,351$2,883$2,474$1,405
15 years$4,145$3,548$3,025$2,571$2,178$1,178
16 years$3,846$3,255$2,743$2,302$1,925$990
17 years$3,582$2,998$2,496$2,068$1,707$834
18 years$3,348$2,770$2,278$1,864$1,518$704
19 years$3,138$2,567$2,086$1,684$1,353$596
20 years$2,950$2,386$1,914$1,525$1,208$504
21 years$2,780$2,222$1,761$1,384$1,081$428
22 years$2,626$2,074$1,623$1,259$969$363
23 years$2,485$1,940$1,498$1,146$870$308
24 years$2,356$1,818$1,386$1,046$782$262
25 years$2,238$1,706$1,283$955$704$223
26 years$2,129$1,603$1,190$873$634$190
27 years$2,028$1,509$1,105$799$572$161
28 years$1,935$1,422$1,028$732$516$137
29 years$1,848$1,341$956$671$466$117
30 years$1,767$1,267$891$616$421$100
31 years$1,691$1,197$830$566$380$85
32 years$1,621$1,133$775$520$344$72
33 years$1,554$1,073$723$478$311$62
34 years$1,492$1,017$676$440$282$53
35 years$1,434$965$632$405$255$45
36 years$1,379$915$591$373$231$38
37 years$1,327$870$553$344$210$33
38 years$1,277$826$518$317$190$28
39 years$1,231$786$485$292$172$24
40 years$1,187$748$455$269$156$20
41 years$1,145$712$427$249$142$17
42 years$1,105$678$400$229$129$15
43 years$1,067$646$376$212$117$13
44 years$1,031$616$353$196$106$11
45 years$997$587$331$181$96$9
46 years$964$560$311$167$87$8
47 years$933$534$292$154$79$7
48 years$903$510$274$142$72$6
49 years$875$487$258$132$65$5
50 years$847$465$243$122$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $868,000, adding $3,310 every year, while hoping to spend $25,374 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: 77/17/6 Blend
63$868,000$868,000$868,000$868,000
64$959,950$913,946$900,492$1,033,076
65$1,030,867$931,732$903,661$1,099,324
66$1,108,168$949,539$906,085$1,168,317
67$1,192,475$967,341$907,714$1,243,209
68$1,284,478$985,110$908,492$1,324,575
69$1,384,931$1,002,817$908,363$1,413,046
70$1,494,668$1,020,429$907,267$1,509,320
71$1,614,604$1,037,910$905,141$1,614,165
72$1,745,750$1,055,224$901,919$1,728,426
73$1,889,216$1,072,329$897,533$1,853,035
74$2,046,226$1,089,183$891,910$1,989,018
75$2,218,126$1,105,739$884,975$2,137,505
76$2,406,401$1,121,946$876,647$2,299,740
77$2,612,683$1,137,751$866,844$2,477,096
78$2,838,773$1,153,096$855,479$2,671,083
79$3,086,651$1,167,921$842,461$2,883,367
80$3,358,499$1,182,159$827,694$3,115,782
81$3,656,722$1,195,741$811,077$3,370,348
82$3,983,967$1,208,591$792,507$3,649,292
83$4,343,150$1,220,631$771,875$3,955,069
84$4,737,483$1,231,774$749,065$4,290,381
85$5,170,505$1,241,929$723,957$4,658,208
86$5,646,115$1,251,002$696,428$5,061,833
87$6,168,605$1,258,887$666,344$5,504,873
88$6,742,707$1,265,477$633,571$5,991,314
89$7,373,631$1,270,654$597,964$6,525,548
90$8,067,120$1,274,294$559,374$7,112,416
91$8,829,498$1,276,266$517,645$7,757,252
92$9,667,734$1,276,430$472,613$8,465,935
93$10,589,505$1,274,638$424,108$9,244,942
94$11,603,270$1,270,731$371,951$10,101,411
95$12,718,349$1,264,541$315,957$11,043,210
96$13,945,009$1,255,893$255,930$12,079,008
97$15,294,565$1,244,596$191,668$13,218,358
98$16,779,480$1,230,452$122,959$14,471,789
99$18,413,491$1,213,247$49,582$15,850,905
100$20,211,730$1,192,759$0$17,368,491