Can I retire at age 64 with 875,000?

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 $875,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$72,257$71,613$70,985$70,372$69,774$69,074
2 years$35,771$35,104$34,459$33,833$33,226$32,521
3 years$23,610$22,941$22,297$21,677$21,080$20,392
4 years$17,531$16,864$16,227$15,617$15,034$14,368
5 years$13,885$13,222$12,593$11,995$11,429$10,787
6 years$11,455$10,797$10,177$9,593$9,043$8,426
7 years$9,719$9,067$8,457$7,887$7,355$6,763
8 years$8,419$7,772$7,172$6,616$6,101$5,534
9 years$7,407$6,767$6,177$5,635$5,138$4,596
10 years$6,599$5,965$5,385$4,858$4,378$3,861
11 years$5,938$5,310$4,741$4,228$3,765$3,272
12 years$5,387$4,766$4,208$3,708$3,263$2,793
13 years$4,922$4,307$3,759$3,274$2,845$2,399
14 years$4,523$3,915$3,378$2,906$2,494$2,070
15 years$4,178$3,576$3,050$2,592$2,196$1,794
16 years$3,877$3,281$2,765$2,321$1,941$1,560
17 years$3,611$3,022$2,516$2,085$1,721$1,361
18 years$3,375$2,792$2,297$1,879$1,530$1,190
19 years$3,164$2,588$2,103$1,698$1,364$1,042
20 years$2,974$2,405$1,930$1,538$1,218$915
21 years$2,802$2,240$1,775$1,396$1,090$805
22 years$2,647$2,091$1,636$1,269$977$709
23 years$2,505$1,956$1,510$1,156$877$625
24 years$2,375$1,832$1,397$1,054$788$551
25 years$2,256$1,720$1,294$963$709$487
26 years$2,146$1,616$1,200$880$639$431
27 years$2,044$1,521$1,114$806$576$381
28 years$1,950$1,433$1,036$738$520$337
29 years$1,863$1,352$964$677$469$299
30 years$1,781$1,277$898$621$424$265
31 years$1,705$1,207$837$571$383$235
32 years$1,634$1,142$781$524$347$208
33 years$1,567$1,082$729$482$314$185
34 years$1,504$1,025$681$444$284$164
35 years$1,445$972$637$408$257$146
36 years$1,390$923$596$376$233$129
37 years$1,337$877$558$347$211$115
38 years$1,288$833$522$319$192$102
39 years$1,241$792$489$295$174$91
40 years$1,196$754$459$272$158$81
41 years$1,154$717$430$251$143$72
42 years$1,114$683$403$231$130$64
43 years$1,076$651$379$214$118$57
44 years$1,040$620$355$197$107$50
45 years$1,005$592$334$182$97$45
46 years$972$564$313$168$88$40
47 years$941$539$294$155$80$35
48 years$911$514$277$144$73$31
49 years$882$491$260$133$66$28
50 years$854$469$244$123$60$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $875,000, adding $5,763 every year, while hoping to spend $50,956 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: 51/23/26 Blend
63$875,000$875,000$875,000$875,000
64$970,195$923,820$910,257$1,012,326
65$1,014,938$914,870$886,534$1,033,270
66$1,062,537$903,774$860,308$1,050,420
67$1,113,229$890,373$831,442$1,068,047
68$1,167,275$874,497$799,792$1,086,218
69$1,224,959$855,970$765,207$1,105,010
70$1,286,594$834,602$727,531$1,124,509
71$1,352,521$810,192$686,598$1,144,817
72$1,423,116$782,528$642,236$1,166,046
73$1,498,789$751,388$594,267$1,188,325
74$1,579,993$716,533$542,501$1,211,801
75$1,667,221$677,712$486,744$1,236,639
76$1,761,018$634,660$426,790$1,263,025
77$1,861,980$587,096$362,426$1,291,170
78$1,970,762$534,724$293,427$1,321,310
79$2,088,084$477,230$219,562$1,353,711
80$2,214,736$414,282$140,585$1,388,673
81$2,351,588$345,531$56,243$1,426,530
82$2,499,593$270,605$0$1,467,660
83$2,659,802$189,114$0$1,521,851
84$2,833,367$100,646$0$1,597,466
85$3,021,557$4,765$0$1,679,494
86$3,225,766$0$0$1,768,606
87$3,447,530$0$0$1,890,601
88$3,688,534$0$0$2,024,570
89$3,950,636$0$0$2,170,350
90$4,235,877$0$0$2,329,087
91$4,546,504$0$0$2,502,041
92$4,884,990$0$0$2,690,602
93$5,254,056$0$0$2,896,296
94$5,656,697$0$0$3,120,806
95$6,096,209$0$0$3,365,982
96$6,576,221$0$0$3,633,862
97$7,100,728$0$0$3,926,689
98$7,674,127$0$0$4,246,932
99$8,301,260$0$0$4,597,312
100$8,987,458$0$0$4,980,822