Can I retire at age 64 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$71,844$71,204$70,579$69,970$69,375$67,425
2 years$35,566$34,904$34,262$33,639$33,036$31,086
3 years$23,475$22,810$22,170$21,553$20,959$19,070
4 years$17,431$16,768$16,134$15,528$14,948$13,135
5 years$13,805$13,146$12,521$11,927$11,363$9,631
6 years$11,389$10,735$10,118$9,538$8,992$7,342
7 years$9,664$9,015$8,408$7,842$7,313$5,745
8 years$8,371$7,728$7,131$6,578$6,066$4,581
9 years$7,365$6,728$6,142$5,603$5,109$3,703
10 years$6,561$5,931$5,355$4,830$4,353$3,026
11 years$5,904$5,280$4,714$4,204$3,744$2,493
12 years$5,357$4,739$4,184$3,687$3,244$2,067
13 years$4,894$4,282$3,738$3,255$2,829$1,723
14 years$4,498$3,893$3,359$2,890$2,480$1,442
15 years$4,154$3,556$3,032$2,577$2,183$1,212
16 years$3,854$3,263$2,749$2,307$1,930$1,021
17 years$3,590$3,005$2,502$2,073$1,711$862
18 years$3,355$2,776$2,284$1,868$1,521$729
19 years$3,145$2,573$2,091$1,688$1,356$618
20 years$2,957$2,391$1,919$1,529$1,211$525
21 years$2,786$2,227$1,765$1,388$1,084$446
22 years$2,632$2,079$1,627$1,262$972$379
23 years$2,491$1,945$1,502$1,149$872$323
24 years$2,362$1,822$1,389$1,048$784$275
25 years$2,243$1,710$1,286$957$705$235
26 years$2,134$1,607$1,193$875$635$200
27 years$2,033$1,512$1,108$801$573$171
28 years$1,939$1,425$1,030$734$517$146
29 years$1,852$1,344$958$673$467$124
30 years$1,771$1,270$893$618$422$106
31 years$1,695$1,200$832$567$381$91
32 years$1,624$1,136$777$521$345$78
33 years$1,558$1,075$725$479$312$66
34 years$1,496$1,019$677$441$283$57
35 years$1,437$967$633$406$256$48
36 years$1,382$918$593$374$232$41
37 years$1,330$872$555$345$210$35
38 years$1,280$828$519$318$191$30
39 years$1,234$788$487$293$173$26
40 years$1,189$749$456$270$157$22
41 years$1,147$713$428$249$142$19
42 years$1,108$679$401$230$129$16
43 years$1,070$647$376$212$117$14
44 years$1,034$617$353$196$106$12
45 years$999$588$332$181$97$10
46 years$967$561$312$167$88$9
47 years$935$536$293$154$80$7
48 years$905$511$275$143$72$6
49 years$877$488$259$132$66$5
50 years$849$466$243$122$60$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $870,000, adding $4,809 every year, while hoping to spend $37,035 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: 35/50/15 Blend
63$870,000$870,000$870,000$870,000
64$963,700$917,590$904,105$992,811
65$1,022,593$923,147$894,988$1,019,921
66$1,086,251$927,735$884,324$1,045,308
67$1,155,122$931,268$872,022$1,071,901
68$1,229,698$933,653$857,988$1,099,826
69$1,310,517$934,792$842,121$1,129,224
70$1,398,175$934,582$824,317$1,160,256
71$1,493,325$932,913$804,468$1,193,097
72$1,596,685$929,666$782,458$1,227,945
73$1,709,045$924,718$758,169$1,265,022
74$1,831,275$917,937$731,475$1,304,575
75$1,964,332$909,183$702,246$1,346,880
76$2,109,268$898,307$670,345$1,392,242
77$2,267,242$885,152$635,630$1,441,005
78$2,439,528$869,552$597,951$1,493,550
79$2,627,529$851,330$557,152$1,550,300
80$2,832,790$830,298$513,070$1,611,730
81$3,057,012$806,260$465,535$1,678,364
82$3,302,066$779,005$414,369$1,750,787
83$3,570,012$748,311$359,386$1,829,648
84$3,863,119$713,945$300,391$1,915,670
85$4,183,885$675,656$237,183$2,009,655
86$4,535,062$633,184$169,549$2,112,492
87$4,919,678$586,249$97,268$2,225,172
88$5,341,069$534,560$20,110$2,348,790
89$5,802,909$477,804$0$2,484,563
90$6,309,243$415,654$0$2,643,802
91$6,864,529$347,764$0$2,822,125
92$7,473,673$273,767$0$3,018,011
93$8,142,083$193,276$0$3,233,342
94$8,875,712$105,884$0$3,470,200
95$9,681,120$11,157$0$3,730,888
96$10,565,533$0$0$4,017,954
97$11,536,909$0$0$4,384,481
98$12,604,017$0$0$4,794,007
99$13,776,516$0$0$5,244,118
100$15,065,047$0$0$5,738,916