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%17.1%
1 years$71,761$71,122$70,498$69,890$69,295$67,293
2 years$35,525$34,864$34,223$33,601$32,998$30,996
3 years$23,448$22,784$22,144$21,528$20,935$18,997
4 years$17,411$16,749$16,115$15,510$14,931$13,072
5 years$13,790$13,131$12,506$11,913$11,350$9,575
6 years$11,376$10,722$10,107$9,527$8,981$7,291
7 years$9,653$9,005$8,399$7,833$7,304$5,699
8 years$8,361$7,719$7,123$6,571$6,059$4,538
9 years$7,357$6,721$6,135$5,597$5,103$3,665
10 years$6,554$5,924$5,349$4,824$4,348$2,990
11 years$5,897$5,274$4,709$4,199$3,739$2,460
12 years$5,350$4,733$4,179$3,683$3,240$2,037
13 years$4,888$4,278$3,734$3,251$2,826$1,696
14 years$4,492$3,888$3,355$2,886$2,477$1,418
15 years$4,150$3,552$3,029$2,574$2,181$1,189
16 years$3,850$3,259$2,746$2,305$1,928$1,001
17 years$3,586$3,001$2,499$2,071$1,709$844
18 years$3,351$2,773$2,281$1,866$1,520$713
19 years$3,142$2,570$2,088$1,686$1,355$603
20 years$2,953$2,388$1,916$1,527$1,210$511
21 years$2,783$2,225$1,763$1,386$1,083$434
22 years$2,629$2,077$1,625$1,260$970$368
23 years$2,488$1,942$1,500$1,148$871$313
24 years$2,359$1,820$1,387$1,047$783$266
25 years$2,240$1,708$1,285$956$705$227
26 years$2,131$1,605$1,192$874$635$193
27 years$2,030$1,511$1,107$800$572$164
28 years$1,937$1,423$1,029$733$516$140
29 years$1,850$1,343$957$672$466$119
30 years$1,769$1,268$892$617$421$102
31 years$1,693$1,199$831$567$381$87
32 years$1,623$1,134$776$521$345$74
33 years$1,556$1,074$724$479$312$63
34 years$1,494$1,018$677$441$282$54
35 years$1,435$966$633$406$256$46
36 years$1,380$917$592$374$232$39
37 years$1,328$871$554$344$210$34
38 years$1,279$827$519$317$190$29
39 years$1,232$787$486$292$173$24
40 years$1,188$748$456$270$157$21
41 years$1,146$712$427$249$142$18
42 years$1,106$679$401$230$129$15
43 years$1,069$646$376$212$117$13
44 years$1,032$616$353$196$106$11
45 years$998$588$331$181$96$9
46 years$965$561$311$167$88$8
47 years$934$535$292$154$79$7
48 years$904$511$275$143$72$6
49 years$876$488$258$132$66$5
50 years$848$466$243$122$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $869,000, adding $3,277 every year, while hoping to spend $55,256 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: 72/11/17 Blend
63$869,000$869,000$869,000$869,000
64$961,018$914,961$901,492$1,026,190
65$1,000,250$901,002$872,900$1,055,939
66$1,041,632$884,508$841,498$1,081,509
67$1,085,324$865,294$807,134$1,108,083
68$1,131,502$843,169$769,648$1,135,750
69$1,180,358$817,927$728,874$1,164,610
70$1,232,101$789,352$684,638$1,194,772
71$1,286,959$757,214$636,757$1,226,361
72$1,345,182$721,270$585,041$1,259,512
73$1,407,043$681,264$529,292$1,294,378
74$1,472,840$636,925$469,302$1,331,128
75$1,542,900$587,965$404,854$1,369,951
76$1,617,580$534,080$335,722$1,411,055
77$1,697,274$474,950$261,668$1,454,673
78$1,782,409$410,235$182,447$1,501,063
79$1,873,456$339,579$97,801$1,550,513
80$1,970,931$262,601$7,460$1,603,341
81$2,075,400$178,902$0$1,659,899
82$2,187,482$88,060$0$1,736,716
83$2,307,860$0$0$1,820,584
84$2,437,279$0$0$1,911,943
85$2,576,561$0$0$2,021,765
86$2,726,605$0$0$2,140,105
87$2,888,403$0$0$2,267,748
88$3,063,040$0$0$2,405,555
89$3,251,710$0$0$2,554,473
90$3,455,726$0$0$2,715,542
91$3,676,531$0$0$2,889,907
92$3,915,709$0$0$3,078,824
93$4,175,006$0$0$3,283,676
94$4,456,337$0$0$3,505,984
95$4,761,812$0$0$3,747,420
96$5,093,750$0$0$4,009,822
97$5,454,701$0$0$4,295,215
98$5,847,473$0$0$4,605,824
99$6,275,155$0$0$4,944,099
100$6,741,143$0$0$5,312,736