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%18.4%
1 years$72,174$71,531$70,904$70,292$69,694$67,328
2 years$35,730$35,064$34,419$33,794$33,188$30,828
3 years$23,583$22,915$22,272$21,652$21,056$18,776
4 years$17,511$16,845$16,208$15,599$15,017$12,835
5 years$13,869$13,207$12,578$11,982$11,416$9,337
6 years$11,441$10,784$10,165$9,582$9,033$7,059
7 years$9,708$9,057$8,447$7,878$7,346$5,477
8 years$8,409$7,763$7,164$6,608$6,094$4,329
9 years$7,399$6,759$6,170$5,629$5,132$3,468
10 years$6,591$5,958$5,379$4,852$4,373$2,807
11 years$5,931$5,304$4,736$4,223$3,761$2,290
12 years$5,381$4,761$4,203$3,704$3,259$1,880
13 years$4,916$4,302$3,755$3,270$2,842$1,551
14 years$4,518$3,911$3,374$2,903$2,491$1,285
15 years$4,174$3,572$3,046$2,589$2,194$1,068
16 years$3,872$3,278$2,762$2,318$1,939$890
17 years$3,607$3,019$2,513$2,083$1,719$744
18 years$3,371$2,789$2,294$1,877$1,528$622
19 years$3,160$2,585$2,100$1,696$1,362$521
20 years$2,970$2,402$1,927$1,536$1,217$438
21 years$2,799$2,238$1,773$1,394$1,089$368
22 years$2,644$2,089$1,634$1,268$976$309
23 years$2,502$1,953$1,509$1,154$876$260
24 years$2,372$1,830$1,395$1,053$788$219
25 years$2,253$1,718$1,292$962$709$184
26 years$2,144$1,614$1,199$879$638$155
27 years$2,042$1,519$1,113$805$576$131
28 years$1,948$1,432$1,035$737$519$110
29 years$1,861$1,351$963$676$469$93
30 years$1,779$1,275$897$620$424$79
31 years$1,703$1,206$836$570$383$66
32 years$1,632$1,141$780$524$346$56
33 years$1,565$1,080$728$482$314$47
34 years$1,503$1,024$681$443$284$40
35 years$1,444$971$636$408$257$34
36 years$1,388$922$595$376$233$28
37 years$1,336$876$557$346$211$24
38 years$1,286$832$522$319$191$20
39 years$1,239$791$489$294$174$17
40 years$1,195$753$458$271$157$14
41 years$1,153$717$430$250$143$12
42 years$1,113$682$403$231$130$10
43 years$1,075$650$378$213$118$9
44 years$1,038$620$355$197$107$7
45 years$1,004$591$333$182$97$6
46 years$971$564$313$168$88$5
47 years$940$538$294$155$80$4
48 years$910$514$276$143$73$4
49 years$881$490$260$133$66$3
50 years$853$469$244$123$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $874,000, adding $6,589 every year, while hoping to spend $59,320 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: 48/31/21 Blend
63$874,000$874,000$874,000$874,000
64$969,945$923,623$910,076$1,010,449
65$1,005,763$905,764$877,447$1,021,483
66$1,043,247$885,042$841,737$1,026,963
67$1,082,503$861,254$802,781$1,031,684
68$1,123,648$834,186$760,403$1,035,599
69$1,166,807$803,608$714,425$1,038,661
70$1,212,119$769,282$664,655$1,040,825
71$1,259,730$730,952$610,896$1,042,043
72$1,309,803$688,349$552,941$1,042,268
73$1,362,513$641,189$490,575$1,041,453
74$1,418,052$589,169$423,572$1,039,554
75$1,476,627$531,972$351,695$1,036,525
76$1,538,466$469,262$274,700$1,032,325
77$1,603,815$400,682$192,329$1,026,913
78$1,672,946$325,857$104,314$1,020,251
79$1,746,153$244,391$10,374$1,012,306
80$1,823,758$155,863$0$1,003,049
81$1,906,113$59,832$0$1,012,594
82$1,993,602$0$0$1,024,576
83$2,086,647$0$0$1,051,796
84$2,185,708$0$0$1,102,558
85$2,291,289$0$0$1,156,718
86$2,403,942$0$0$1,214,566
87$2,524,273$0$0$1,276,420
88$2,652,944$0$0$1,342,629
89$2,790,683$0$0$1,413,576
90$2,938,285$0$0$1,489,680
91$3,096,626$0$0$1,571,403
92$3,266,664$0$0$1,659,249
93$3,449,454$0$0$1,753,774
94$3,646,149$0$0$1,855,586
95$3,858,021$0$0$1,965,356
96$4,086,462$0$0$2,083,817
97$4,333,005$0$0$2,211,779
98$4,599,331$0$0$2,350,129
99$4,887,290$0$0$2,499,841
100$5,198,914$0$0$2,661,989