Can I retire at age 64 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$72,174$71,531$70,904$70,292$69,694$69,081
2 years$35,730$35,064$34,419$33,794$33,188$32,570
3 years$23,583$22,915$22,272$21,652$21,056$20,452
4 years$17,511$16,845$16,208$15,599$15,017$14,433
5 years$13,869$13,207$12,578$11,982$11,416$10,852
6 years$11,441$10,784$10,165$9,582$9,033$8,491
7 years$9,708$9,057$8,447$7,878$7,346$6,826
8 years$8,409$7,763$7,164$6,608$6,094$5,596
9 years$7,399$6,759$6,170$5,629$5,132$4,656
10 years$6,591$5,958$5,379$4,852$4,373$3,918
11 years$5,931$5,304$4,736$4,223$3,761$3,326
12 years$5,381$4,761$4,203$3,704$3,259$2,845
13 years$4,916$4,302$3,755$3,270$2,842$2,448
14 years$4,518$3,911$3,374$2,903$2,491$2,117
15 years$4,174$3,572$3,046$2,589$2,194$1,838
16 years$3,872$3,278$2,762$2,318$1,939$1,602
17 years$3,607$3,019$2,513$2,083$1,719$1,400
18 years$3,371$2,789$2,294$1,877$1,528$1,227
19 years$3,160$2,585$2,100$1,696$1,362$1,077
20 years$2,970$2,402$1,927$1,536$1,217$948
21 years$2,799$2,238$1,773$1,394$1,089$835
22 years$2,644$2,089$1,634$1,268$976$737
23 years$2,502$1,953$1,509$1,154$876$651
24 years$2,372$1,830$1,395$1,053$788$576
25 years$2,253$1,718$1,292$962$709$510
26 years$2,144$1,614$1,199$879$638$452
27 years$2,042$1,519$1,113$805$576$401
28 years$1,948$1,432$1,035$737$519$356
29 years$1,861$1,351$963$676$469$316
30 years$1,779$1,275$897$620$424$281
31 years$1,703$1,206$836$570$383$250
32 years$1,632$1,141$780$524$346$222
33 years$1,565$1,080$728$482$314$197
34 years$1,503$1,024$681$443$284$176
35 years$1,444$971$636$408$257$156
36 years$1,388$922$595$376$233$139
37 years$1,336$876$557$346$211$124
38 years$1,286$832$522$319$191$110
39 years$1,239$791$489$294$174$98
40 years$1,195$753$458$271$157$88
41 years$1,153$717$430$250$143$78
42 years$1,113$682$403$231$130$70
43 years$1,075$650$378$213$118$62
44 years$1,038$620$355$197$107$55
45 years$1,004$591$333$182$97$49
46 years$971$564$313$168$88$44
47 years$940$538$294$155$80$39
48 years$910$514$276$143$73$35
49 years$881$490$260$133$66$31
50 years$853$469$244$123$60$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $874,000, adding $2,935 every year, while hoping to spend $29,169 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: 35/42/23 Blend
63$874,000$874,000$874,000$874,000
64$966,175$919,853$906,306$993,163
65$1,033,690$933,891$905,632$1,027,407
66$1,107,113$947,638$903,958$1,061,447
67$1,187,017$961,051$901,219$1,097,589
68$1,274,031$974,080$897,348$1,136,037
69$1,368,847$986,676$892,274$1,177,020
70$1,472,228$998,781$885,924$1,220,789
71$1,585,012$1,010,338$878,219$1,267,623
72$1,708,123$1,021,284$869,079$1,317,832
73$1,842,576$1,031,552$858,417$1,371,758
74$1,989,490$1,041,070$846,146$1,429,779
75$2,150,098$1,049,761$832,171$1,492,316
76$2,325,754$1,057,546$816,395$1,559,831
77$2,517,952$1,064,337$798,716$1,632,840
78$2,728,336$1,070,042$779,026$1,711,908
79$2,958,716$1,074,564$757,213$1,797,667
80$3,211,085$1,077,798$733,160$1,890,810
81$3,487,640$1,079,634$706,744$1,992,106
82$3,790,797$1,079,954$677,838$2,102,406
83$4,123,220$1,078,633$646,307$2,222,651
84$4,487,842$1,075,540$612,012$2,353,880
85$4,887,892$1,070,532$574,805$2,497,242
86$5,326,930$1,063,461$534,534$2,654,007
87$5,808,875$1,054,168$491,039$2,825,580
88$6,338,044$1,042,486$444,153$3,013,512
89$6,919,193$1,028,237$393,700$3,219,518
90$7,557,562$1,011,231$339,500$3,445,493
91$8,258,921$991,270$281,361$3,693,528
92$9,029,629$968,140$219,085$3,965,937
93$9,876,691$941,619$152,464$4,265,272
94$10,807,823$911,468$81,282$4,594,355
95$11,831,528$877,437$5,312$4,956,299
96$12,957,172$839,259$0$5,354,546
97$14,195,075$796,654$0$5,811,485
98$15,556,606$749,324$0$6,315,316
99$17,054,293$696,954$0$6,869,428
100$18,701,938$639,211$0$7,478,997