Can I retire at age 64 with 868,000?

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 $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%17.5%
1 years$71,679$71,040$70,417$69,809$69,216$67,107
2 years$35,484$34,824$34,183$33,562$32,960$30,854
3 years$23,421$22,758$22,119$21,504$20,911$18,874
4 years$17,391$16,729$16,097$15,492$14,914$12,960
5 years$13,774$13,116$12,492$11,899$11,337$9,473
6 years$11,363$10,710$10,095$9,516$8,971$7,198
7 years$9,642$8,994$8,389$7,824$7,296$5,613
8 years$8,351$7,710$7,115$6,563$6,052$4,460
9 years$7,348$6,713$6,128$5,590$5,097$3,592
10 years$6,546$5,917$5,342$4,819$4,343$2,924
11 years$5,890$5,268$4,703$4,194$3,735$2,400
12 years$5,344$4,728$4,174$3,679$3,237$1,982
13 years$4,883$4,273$3,729$3,248$2,823$1,645
14 years$4,487$3,884$3,351$2,883$2,474$1,372
15 years$4,145$3,548$3,025$2,571$2,178$1,147
16 years$3,846$3,255$2,743$2,302$1,925$963
17 years$3,582$2,998$2,496$2,068$1,707$809
18 years$3,348$2,770$2,278$1,864$1,518$682
19 years$3,138$2,567$2,086$1,684$1,353$575
20 years$2,950$2,386$1,914$1,525$1,208$486
21 years$2,780$2,222$1,761$1,384$1,081$411
22 years$2,626$2,074$1,623$1,259$969$348
23 years$2,485$1,940$1,498$1,146$870$295
24 years$2,356$1,818$1,386$1,046$782$250
25 years$2,238$1,706$1,283$955$704$212
26 years$2,129$1,603$1,190$873$634$180
27 years$2,028$1,509$1,105$799$572$153
28 years$1,935$1,422$1,028$732$516$130
29 years$1,848$1,341$956$671$466$110
30 years$1,767$1,267$891$616$421$94
31 years$1,691$1,197$830$566$380$80
32 years$1,621$1,133$775$520$344$68
33 years$1,554$1,073$723$478$311$58
34 years$1,492$1,017$676$440$282$49
35 years$1,434$965$632$405$255$42
36 years$1,379$915$591$373$231$35
37 years$1,327$870$553$344$210$30
38 years$1,277$826$518$317$190$26
39 years$1,231$786$485$292$172$22
40 years$1,187$748$455$269$156$19
41 years$1,145$712$427$249$142$16
42 years$1,105$678$400$229$129$13
43 years$1,067$646$376$212$117$11
44 years$1,031$616$353$196$106$10
45 years$997$587$331$181$96$8
46 years$964$560$311$167$87$7
47 years$933$534$292$154$79$6
48 years$903$510$274$142$72$5
49 years$875$487$258$132$65$4
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 $3,266 every year, while hoping to spend $21,615 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: 36/47/17 Blend
63$868,000$868,000$868,000$868,000
64$959,905$913,901$900,447$989,378
65$1,034,817$935,684$907,614$1,032,821
66$1,116,646$957,810$914,296$1,077,414
67$1,206,074$980,272$920,455$1,125,098
68$1,303,852$1,003,065$926,050$1,176,160
69$1,410,810$1,026,180$931,037$1,230,916
70$1,527,856$1,049,606$935,370$1,289,716
71$1,655,996$1,073,335$939,003$1,352,944
72$1,796,333$1,097,354$941,886$1,421,024
73$1,950,084$1,121,650$943,964$1,494,423
74$2,118,590$1,146,208$945,184$1,573,656
75$2,303,325$1,171,011$945,487$1,659,289
76$2,505,916$1,196,042$944,812$1,751,947
77$2,728,152$1,221,281$943,096$1,852,321
78$2,972,005$1,246,705$940,271$1,961,170
79$3,239,646$1,272,291$936,267$2,079,331
80$3,533,469$1,298,012$931,011$2,207,727
81$3,856,108$1,323,840$924,425$2,347,377
82$4,210,466$1,349,743$916,428$2,499,402
83$4,599,742$1,375,688$906,937$2,665,040
84$5,027,457$1,401,639$895,861$2,845,655
85$5,497,494$1,427,555$883,108$3,042,750
86$6,014,127$1,453,394$868,582$3,257,984
87$6,582,068$1,479,110$852,178$3,493,185
88$7,206,505$1,504,653$833,793$3,750,368
89$7,893,156$1,529,969$813,312$4,031,757
90$8,648,321$1,555,000$790,621$4,339,800
91$9,478,939$1,579,685$765,597$4,677,199
92$10,392,658$1,603,956$738,111$5,046,934
93$11,397,903$1,627,744$708,032$5,452,287
94$12,503,956$1,650,970$675,218$5,896,879
95$13,721,046$1,673,554$639,524$6,384,703
96$15,060,442$1,695,407$600,797$6,920,159
97$16,534,562$1,716,437$558,879$7,508,099
98$18,157,087$1,736,543$513,601$8,153,873
99$19,943,095$1,755,618$464,791$8,863,379
100$21,909,195$1,773,548$412,266$9,643,118