Can I retire at age 64 with 869,000?

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 $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%13.8%
1 years$71,761$71,122$70,498$69,890$69,295$68,203
2 years$35,525$34,864$34,223$33,601$32,998$31,901
3 years$23,448$22,784$22,144$21,528$20,935$19,867
4 years$17,411$16,749$16,115$15,510$14,931$13,900
5 years$13,790$13,131$12,506$11,913$11,350$10,359
6 years$11,376$10,722$10,107$9,527$8,981$8,031
7 years$9,653$9,005$8,399$7,833$7,304$6,395
8 years$8,361$7,719$7,123$6,571$6,059$5,192
9 years$7,357$6,721$6,135$5,597$5,103$4,276
10 years$6,554$5,924$5,349$4,824$4,348$3,562
11 years$5,897$5,274$4,709$4,199$3,739$2,992
12 years$5,350$4,733$4,179$3,683$3,240$2,532
13 years$4,888$4,278$3,734$3,251$2,826$2,155
14 years$4,492$3,888$3,355$2,886$2,477$1,842
15 years$4,150$3,552$3,029$2,574$2,181$1,581
16 years$3,850$3,259$2,746$2,305$1,928$1,362
17 years$3,586$3,001$2,499$2,071$1,709$1,176
18 years$3,351$2,773$2,281$1,866$1,520$1,018
19 years$3,142$2,570$2,088$1,686$1,355$883
20 years$2,953$2,388$1,916$1,527$1,210$767
21 years$2,783$2,225$1,763$1,386$1,083$668
22 years$2,629$2,077$1,625$1,260$970$582
23 years$2,488$1,942$1,500$1,148$871$507
24 years$2,359$1,820$1,387$1,047$783$443
25 years$2,240$1,708$1,285$956$705$387
26 years$2,131$1,605$1,192$874$635$338
27 years$2,030$1,511$1,107$800$572$296
28 years$1,937$1,423$1,029$733$516$259
29 years$1,850$1,343$957$672$466$227
30 years$1,769$1,268$892$617$421$199
31 years$1,693$1,199$831$567$381$174
32 years$1,623$1,134$776$521$345$153
33 years$1,556$1,074$724$479$312$134
34 years$1,494$1,018$677$441$282$118
35 years$1,435$966$633$406$256$103
36 years$1,380$917$592$374$232$91
37 years$1,328$871$554$344$210$79
38 years$1,279$827$519$317$190$70
39 years$1,232$787$486$292$173$61
40 years$1,188$748$456$270$157$54
41 years$1,146$712$427$249$142$47
42 years$1,106$679$401$230$129$41
43 years$1,069$646$376$212$117$36
44 years$1,032$616$353$196$106$32
45 years$998$588$331$181$96$28
46 years$965$561$311$167$88$25
47 years$934$535$292$154$79$22
48 years$904$511$275$143$72$19
49 years$876$488$258$132$66$17
50 years$848$466$243$122$60$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $869,000, adding $3,056 every year, while hoping to spend $30,794 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: 53/31/16 Blend
63$869,000$869,000$869,000$869,000
64$960,790$914,733$901,264$1,007,419
65$1,026,026$926,791$898,692$1,051,696
66$1,096,884$938,407$895,001$1,096,326
67$1,173,905$949,527$890,122$1,144,200
68$1,257,684$960,095$883,982$1,195,634
69$1,348,876$970,047$876,503$1,250,980
70$1,448,201$979,319$867,606$1,310,623
71$1,556,451$987,840$857,205$1,374,989
72$1,674,501$995,535$845,212$1,444,549
73$1,803,309$1,002,325$831,536$1,519,822
74$1,943,932$1,008,125$816,078$1,601,384
75$2,097,535$1,012,845$798,738$1,689,866
76$2,265,398$1,016,389$779,410$1,785,969
77$2,448,931$1,018,655$757,983$1,890,466
78$2,649,687$1,019,534$734,341$2,004,207
79$2,869,376$1,018,912$708,362$2,128,136
80$3,109,879$1,016,666$679,919$2,263,290
81$3,373,271$1,012,666$648,881$2,410,816
82$3,661,833$1,006,775$615,107$2,571,979
83$3,978,080$998,848$578,453$2,748,178
84$4,324,781$988,727$538,767$2,940,953
85$4,704,984$976,251$495,892$3,152,006
86$5,122,049$961,244$449,661$3,383,216
87$5,579,676$943,522$399,902$3,636,654
88$6,081,938$922,890$346,434$3,914,606
89$6,633,325$899,141$289,069$4,219,597
90$7,238,780$872,055$227,609$4,554,411
91$7,903,751$841,401$161,849$4,922,119
92$8,634,238$806,934$91,575$5,326,110
93$9,436,849$768,393$16,562$5,770,124
94$10,318,868$725,504$0$6,258,286
95$11,288,315$677,977$0$6,805,985
96$12,354,029$625,503$0$7,411,125
97$13,525,747$567,760$0$8,076,456
98$14,814,195$504,402$0$8,808,131
99$16,231,193$435,068$0$9,612,935
100$17,789,762$359,374$0$10,498,349