Can I retire at age 64 with 872,000?

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 $872,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$72,009$71,368$70,742$70,131$69,535$67,417
2 years$35,648$34,984$34,341$33,717$33,112$30,996
3 years$23,529$22,862$22,221$21,603$21,007$18,961
4 years$17,471$16,806$16,171$15,564$14,983$13,020
5 years$13,837$13,176$12,549$11,954$11,390$9,517
6 years$11,415$10,760$10,142$9,560$9,012$7,231
7 years$9,686$9,036$8,428$7,860$7,329$5,639
8 years$8,390$7,745$7,147$6,593$6,080$4,480
9 years$7,382$6,744$6,156$5,616$5,121$3,609
10 years$6,576$5,944$5,367$4,841$4,363$2,938
11 years$5,918$5,292$4,725$4,213$3,752$2,411
12 years$5,369$4,750$4,193$3,696$3,252$1,991
13 years$4,905$4,292$3,746$3,263$2,836$1,653
14 years$4,508$3,902$3,366$2,896$2,486$1,378
15 years$4,164$3,564$3,039$2,583$2,189$1,153
16 years$3,863$3,270$2,756$2,313$1,934$967
17 years$3,598$3,012$2,507$2,078$1,715$813
18 years$3,363$2,783$2,289$1,873$1,525$685
19 years$3,153$2,579$2,095$1,692$1,359$578
20 years$2,964$2,397$1,923$1,533$1,214$488
21 years$2,793$2,232$1,769$1,391$1,086$413
22 years$2,638$2,084$1,630$1,265$974$350
23 years$2,496$1,949$1,505$1,152$874$296
24 years$2,367$1,826$1,392$1,050$786$251
25 years$2,248$1,714$1,289$959$707$213
26 years$2,139$1,611$1,196$877$637$181
27 years$2,037$1,516$1,110$803$574$154
28 years$1,943$1,428$1,032$736$518$130
29 years$1,856$1,347$961$675$468$111
30 years$1,775$1,272$895$619$423$94
31 years$1,699$1,203$834$569$382$80
32 years$1,628$1,138$778$523$346$68
33 years$1,562$1,078$727$481$313$58
34 years$1,499$1,022$679$442$283$49
35 years$1,440$969$635$407$257$42
36 years$1,385$920$594$375$232$36
37 years$1,333$874$556$345$211$30
38 years$1,283$830$521$318$191$26
39 years$1,236$789$488$294$173$22
40 years$1,192$751$457$271$157$19
41 years$1,150$715$429$250$143$16
42 years$1,110$681$402$231$129$14
43 years$1,072$649$377$213$117$11
44 years$1,036$618$354$196$107$10
45 years$1,002$590$333$181$97$8
46 years$969$563$312$168$88$7
47 years$937$537$293$155$80$6
48 years$907$512$276$143$72$5
49 years$879$489$259$132$66$4
50 years$851$467$244$122$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $872,000, adding $2,654 every year, while hoping to spend $24,344 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: 43/49/8 Blend
63$872,000$872,000$872,000$872,000
64$963,682$917,466$903,950$1,002,782
65$1,036,075$936,520$908,330$1,049,263
66$1,115,037$955,691$912,041$1,096,899
67$1,201,212$974,961$915,035$1,147,945
68$1,295,308$994,306$917,262$1,202,723
69$1,398,106$1,013,705$918,667$1,261,585
70$1,510,467$1,033,129$919,196$1,324,922
71$1,633,335$1,052,553$918,789$1,393,162
72$1,767,753$1,071,946$917,387$1,466,778
73$1,914,868$1,091,276$914,923$1,546,294
74$2,075,943$1,110,507$911,332$1,632,282
75$2,252,369$1,129,602$906,541$1,725,379
76$2,445,677$1,148,519$900,478$1,826,281
77$2,657,556$1,167,216$893,063$1,935,760
78$2,889,863$1,185,646$884,217$2,054,666
79$3,144,643$1,203,757$873,853$2,183,935
80$3,424,152$1,221,497$861,882$2,324,600
81$3,730,872$1,238,806$848,211$2,477,801
82$4,067,537$1,255,623$832,742$2,644,793
83$4,437,159$1,271,882$815,372$2,826,961
84$4,843,057$1,287,512$795,995$3,025,832
85$5,288,885$1,302,437$774,498$3,243,090
86$5,778,671$1,316,576$750,763$3,480,593
87$6,316,851$1,329,843$724,668$3,740,387
88$6,908,310$1,342,146$696,085$4,024,730
89$7,558,433$1,353,387$664,879$4,336,112
90$8,273,151$1,363,461$630,911$4,677,279
91$9,058,999$1,372,256$594,033$5,051,258
92$9,923,176$1,379,656$554,092$5,461,387
93$10,873,614$1,385,533$510,928$5,911,347
94$11,919,052$1,389,754$464,373$6,405,195
95$13,069,119$1,392,175$414,254$6,947,409
96$14,334,424$1,392,647$360,386$7,542,921
97$15,726,656$1,391,008$302,580$8,197,173
98$17,258,695$1,387,087$240,637$8,916,163
99$18,944,732$1,380,704$174,347$9,706,507
100$20,800,402$1,371,666$103,496$10,575,496