Can I retire at age 64 with 873,000?

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 $873,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$72,092$71,449$70,823$70,211$69,614$68,801
2 years$35,689$35,024$34,380$33,755$33,150$32,331
3 years$23,556$22,889$22,246$21,627$21,031$20,233
4 years$17,491$16,826$16,190$15,581$15,000$14,228
5 years$13,853$13,191$12,564$11,968$11,403$10,659
6 years$11,428$10,772$10,153$9,571$9,023$8,309
7 years$9,697$9,046$8,437$7,869$7,338$6,653
8 years$8,399$7,754$7,156$6,601$6,087$5,433
9 years$7,390$6,751$6,163$5,623$5,126$4,501
10 years$6,584$5,951$5,373$4,847$4,368$3,772
11 years$5,924$5,298$4,730$4,218$3,757$3,189
12 years$5,375$4,755$4,198$3,700$3,255$2,715
13 years$4,911$4,297$3,751$3,266$2,839$2,326
14 years$4,513$3,906$3,370$2,900$2,488$2,002
15 years$4,169$3,568$3,043$2,586$2,191$1,730
16 years$3,868$3,274$2,759$2,315$1,936$1,500
17 years$3,602$3,015$2,510$2,080$1,717$1,305
18 years$3,367$2,786$2,292$1,875$1,527$1,138
19 years$3,156$2,582$2,098$1,694$1,361$994
20 years$2,967$2,399$1,925$1,534$1,215$870
21 years$2,796$2,235$1,771$1,392$1,088$763
22 years$2,641$2,086$1,632$1,266$975$670
23 years$2,499$1,951$1,507$1,153$875$589
24 years$2,370$1,828$1,394$1,052$787$518
25 years$2,251$1,716$1,291$960$708$456
26 years$2,141$1,612$1,197$878$638$402
27 years$2,040$1,517$1,112$804$575$354
28 years$1,946$1,430$1,033$736$519$313
29 years$1,858$1,349$962$675$468$276
30 years$1,777$1,274$896$620$423$244
31 years$1,701$1,204$835$569$383$216
32 years$1,630$1,140$779$523$346$191
33 years$1,563$1,079$728$481$313$169
34 years$1,501$1,023$680$443$284$149
35 years$1,442$970$636$407$257$132
36 years$1,387$921$595$375$233$117
37 years$1,334$875$556$346$211$103
38 years$1,285$831$521$319$191$92
39 years$1,238$790$488$294$173$81
40 years$1,194$752$458$271$157$72
41 years$1,151$716$429$250$143$64
42 years$1,111$682$403$231$129$56
43 years$1,073$649$378$213$118$50
44 years$1,037$619$355$197$107$44
45 years$1,003$590$333$182$97$39
46 years$970$563$313$168$88$35
47 years$938$537$294$155$80$31
48 years$908$513$276$143$73$27
49 years$880$490$259$132$66$24
50 years$852$468$244$122$60$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $873,000, adding $5,663 every year, while hoping to spend $37,822 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: 46/38/16 Blend
63$873,000$873,000$873,000$873,000
64$967,887$921,618$908,087$1,007,764
65$1,026,370$926,535$898,265$1,041,013
66$1,089,549$930,426$886,847$1,072,793
67$1,157,866$933,199$873,739$1,106,454
68$1,231,802$934,759$858,843$1,142,189
69$1,311,888$935,005$842,057$1,180,207
70$1,398,708$933,828$823,273$1,220,744
71$1,492,904$931,113$802,380$1,264,061
72$1,595,180$926,737$779,260$1,310,448
73$1,706,314$920,573$753,791$1,360,227
74$1,827,158$912,482$725,843$1,413,754
75$1,958,654$902,318$695,284$1,471,426
76$2,101,833$889,928$661,972$1,533,681
77$2,257,833$875,148$625,762$1,601,008
78$2,427,906$857,804$586,499$1,673,945
79$2,613,429$837,714$544,024$1,753,093
80$2,815,919$814,682$498,169$1,839,115
81$3,037,045$788,503$448,759$1,932,745
82$3,278,643$758,959$395,612$2,034,798
83$3,542,736$725,820$338,537$2,146,177
84$3,831,552$688,842$277,334$2,267,880
85$4,147,541$647,766$211,796$2,401,012
86$4,493,405$602,321$141,706$2,546,799
87$4,872,115$552,218$66,836$2,706,595
88$5,286,946$497,151$0$2,881,898
89$5,741,503$436,800$0$3,076,598
90$6,239,755$370,823$0$3,302,620
91$6,786,078$298,860$0$3,550,616
92$7,385,286$220,532$0$3,822,875
93$8,042,684$135,438$0$4,121,927
94$8,764,116$43,153$0$4,450,563
95$9,556,019$0$0$4,811,869
96$10,425,481$0$0$5,232,987
97$11,380,313$0$0$5,715,376
98$12,429,118$0$0$6,245,350
99$13,581,373$0$0$6,827,712
100$14,847,520$0$0$7,467,753