Can I retire at age 64 with 869,000?

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 $869,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$71,761$71,122$70,498$69,890$69,295$68,344
2 years$35,525$34,864$34,223$33,601$32,998$32,041
3 years$23,448$22,784$22,144$21,528$20,935$20,003
4 years$17,411$16,749$16,115$15,510$14,931$14,031
5 years$13,790$13,131$12,506$11,913$11,350$10,484
6 years$11,376$10,722$10,107$9,527$8,981$8,150
7 years$9,653$9,005$8,399$7,833$7,304$6,508
8 years$8,361$7,719$7,123$6,571$6,059$5,299
9 years$7,357$6,721$6,135$5,597$5,103$4,377
10 years$6,554$5,924$5,349$4,824$4,348$3,657
11 years$5,897$5,274$4,709$4,199$3,739$3,082
12 years$5,350$4,733$4,179$3,683$3,240$2,616
13 years$4,888$4,278$3,734$3,251$2,826$2,233
14 years$4,492$3,888$3,355$2,886$2,477$1,916
15 years$4,150$3,552$3,029$2,574$2,181$1,650
16 years$3,850$3,259$2,746$2,305$1,928$1,426
17 years$3,586$3,001$2,499$2,071$1,709$1,236
18 years$3,351$2,773$2,281$1,866$1,520$1,074
19 years$3,142$2,570$2,088$1,686$1,355$935
20 years$2,953$2,388$1,916$1,527$1,210$815
21 years$2,783$2,225$1,763$1,386$1,083$712
22 years$2,629$2,077$1,625$1,260$970$623
23 years$2,488$1,942$1,500$1,148$871$545
24 years$2,359$1,820$1,387$1,047$783$478
25 years$2,240$1,708$1,285$956$705$419
26 years$2,131$1,605$1,192$874$635$368
27 years$2,030$1,511$1,107$800$572$323
28 years$1,937$1,423$1,029$733$516$284
29 years$1,850$1,343$957$672$466$250
30 years$1,769$1,268$892$617$421$220
31 years$1,693$1,199$831$567$381$193
32 years$1,623$1,134$776$521$345$170
33 years$1,556$1,074$724$479$312$150
34 years$1,494$1,018$677$441$282$132
35 years$1,435$966$633$406$256$116
36 years$1,380$917$592$374$232$103
37 years$1,328$871$554$344$210$90
38 years$1,279$827$519$317$190$80
39 years$1,232$787$486$292$173$70
40 years$1,188$748$456$270$157$62
41 years$1,146$712$427$249$142$55
42 years$1,106$679$401$230$129$48
43 years$1,069$646$376$212$117$43
44 years$1,032$616$353$196$106$38
45 years$998$588$331$181$96$33
46 years$965$561$311$167$88$29
47 years$934$535$292$154$79$26
48 years$904$511$275$143$72$23
49 years$876$488$258$132$66$20
50 years$848$466$243$122$60$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $869,000, adding $6,645 every year, while hoping to spend $50,664 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: 58/33/9 Blend
63$869,000$869,000$869,000$869,000
64$964,492$918,435$904,966$1,018,038
65$1,008,964$909,533$881,376$1,045,947
66$1,056,275$898,495$855,298$1,070,073
67$1,106,659$885,166$826,595$1,095,129
68$1,160,376$869,377$795,123$1,121,211
69$1,217,708$850,950$760,734$1,148,425
70$1,278,966$829,699$723,270$1,176,887
71$1,344,489$805,423$682,569$1,206,733
72$1,414,651$777,912$638,458$1,238,111
73$1,489,859$746,943$590,760$1,271,190
74$1,570,562$712,281$539,288$1,306,156
75$1,657,252$673,675$483,847$1,343,219
76$1,750,469$630,863$424,233$1,382,616
77$1,850,806$583,564$360,234$1,424,608
78$1,958,913$531,484$291,627$1,469,489
79$2,075,506$474,310$218,180$1,517,586
80$2,201,371$411,714$139,652$1,569,266
81$2,337,369$343,347$55,789$1,624,935
82$2,484,450$268,841$0$1,685,049
83$2,643,657$187,807$0$1,753,351
84$2,816,135$99,834$0$1,833,095
85$3,003,146$4,491$0$1,919,575
86$3,206,073$0$0$2,013,516
87$3,426,443$0$0$2,151,561
88$3,665,930$0$0$2,303,420
89$3,926,380$0$0$2,468,639
90$4,209,822$0$0$2,648,514
91$4,518,487$0$0$2,844,470
92$4,854,834$0$0$3,058,077
93$5,221,564$0$0$3,291,060
94$5,621,654$0$0$3,545,322
95$6,058,380$0$0$3,822,953
96$6,535,346$0$0$4,126,258
97$7,056,522$0$0$4,457,770
98$7,626,276$0$0$4,820,281
99$8,249,420$0$0$5,216,864
100$8,931,251$0$0$5,650,904