Can I retire at age 64 with 871,000?

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 $871,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$71,926$71,286$70,661$70,051$69,455$67,886
2 years$35,607$34,944$34,301$33,678$33,074$31,502
3 years$23,502$22,836$22,195$21,578$20,983$19,457
4 years$17,451$16,787$16,152$15,546$14,965$13,497
5 years$13,821$13,161$12,535$11,941$11,377$9,969
6 years$11,402$10,747$10,130$9,549$9,002$7,658
7 years$9,675$9,025$8,418$7,851$7,321$6,040
8 years$8,380$7,736$7,139$6,586$6,073$4,856
9 years$7,374$6,736$6,149$5,610$5,115$3,959
10 years$6,569$5,937$5,361$4,836$4,358$3,263
11 years$5,911$5,286$4,720$4,208$3,748$2,712
12 years$5,363$4,744$4,189$3,691$3,248$2,270
13 years$4,900$4,287$3,742$3,259$2,832$1,910
14 years$4,503$3,897$3,362$2,893$2,483$1,614
15 years$4,159$3,560$3,036$2,580$2,186$1,369
16 years$3,859$3,266$2,752$2,310$1,932$1,165
17 years$3,594$3,008$2,505$2,076$1,713$994
18 years$3,359$2,780$2,286$1,870$1,523$850
19 years$3,149$2,576$2,093$1,690$1,358$728
20 years$2,960$2,394$1,921$1,531$1,213$624
21 years$2,790$2,230$1,767$1,389$1,085$536
22 years$2,635$2,081$1,628$1,263$973$461
23 years$2,494$1,947$1,504$1,150$873$397
24 years$2,364$1,824$1,391$1,049$785$342
25 years$2,246$1,712$1,288$958$706$295
26 years$2,136$1,609$1,194$876$636$254
27 years$2,035$1,514$1,109$802$574$219
28 years$1,941$1,427$1,031$735$518$189
29 years$1,854$1,346$960$674$467$164
30 years$1,773$1,271$894$618$422$141
31 years$1,697$1,202$833$568$382$122
32 years$1,626$1,137$777$522$345$106
33 years$1,560$1,077$726$480$313$91
34 years$1,497$1,020$678$442$283$79
35 years$1,439$968$634$407$256$68
36 years$1,383$919$593$374$232$59
37 years$1,331$873$555$345$210$51
38 years$1,282$829$520$318$191$44
39 years$1,235$788$487$293$173$38
40 years$1,191$750$457$270$157$33
41 years$1,149$714$428$249$142$29
42 years$1,109$680$402$230$129$25
43 years$1,071$648$377$213$117$21
44 years$1,035$618$354$196$106$19
45 years$1,000$589$332$181$97$16
46 years$968$562$312$167$88$14
47 years$936$536$293$155$80$12
48 years$906$512$275$143$72$10
49 years$878$489$259$132$66$9
50 years$850$467$243$122$60$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $871,000, adding $4,591 every year, while hoping to spend $33,858 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: 51/21/28 Blend
63$871,000$871,000$871,000$871,000
64$964,578$918,415$904,914$1,005,954
65$1,026,940$927,392$899,204$1,044,250
66$1,094,528$935,675$892,168$1,082,106
67$1,167,840$943,193$883,726$1,122,606
68$1,247,423$949,872$873,793$1,166,017
69$1,333,877$955,633$862,282$1,212,633
70$1,427,865$960,392$849,101$1,262,782
71$1,530,115$964,059$834,154$1,316,826
72$1,641,427$966,538$817,339$1,375,164
73$1,762,683$967,729$798,550$1,438,239
74$1,894,853$967,524$777,678$1,506,540
75$2,039,004$965,809$754,606$1,580,609
76$2,196,312$962,462$729,214$1,661,045
77$2,368,068$957,356$701,376$1,748,509
78$2,555,697$950,352$670,958$1,843,733
79$2,760,766$941,308$637,823$1,947,527
80$2,985,001$930,068$601,826$2,060,784
81$3,230,300$916,470$562,817$2,184,492
82$3,498,756$900,343$520,636$2,319,744
83$3,792,672$881,502$475,120$2,467,747
84$4,114,584$859,755$426,096$2,629,833
85$4,467,285$834,897$373,385$2,807,475
86$4,853,852$806,711$316,797$3,002,301
87$5,277,672$774,967$256,137$3,216,105
88$5,742,477$739,423$191,200$3,450,874
89$6,252,376$699,821$121,771$3,708,799
90$6,811,896$655,890$47,628$3,992,299
91$7,426,024$607,342$0$4,304,045
92$8,100,250$553,874$0$4,656,398
93$8,840,626$495,165$0$5,059,000
94$9,653,816$430,874$0$5,501,277
95$10,547,162$360,643$0$5,987,277
96$11,528,752$284,094$0$6,521,461
97$12,607,496$200,826$0$7,108,748
98$13,793,210$110,417$0$7,754,560
99$15,096,710$12,419$0$8,464,878
100$16,529,909$0$0$9,246,292