Can I retire at age 64 with 876,000?

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 $876,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$72,339$71,695$71,066$70,453$69,853$67,590
2 years$35,812$35,145$34,498$33,871$33,264$31,005
3 years$23,637$22,967$22,323$21,702$21,104$18,920
4 years$17,551$16,883$16,245$15,635$15,051$12,960
5 years$13,901$13,237$12,607$12,009$11,442$9,448
6 years$11,468$10,809$10,188$9,604$9,054$7,159
7 years$9,730$9,077$8,466$7,896$7,363$5,567
8 years$8,428$7,781$7,180$6,624$6,108$4,410
9 years$7,416$6,775$6,184$5,642$5,144$3,541
10 years$6,606$5,972$5,392$4,863$4,383$2,874
11 years$5,945$5,316$4,747$4,233$3,770$2,351
12 years$5,394$4,771$4,213$3,713$3,267$1,935
13 years$4,928$4,312$3,764$3,278$2,849$1,601
14 years$4,529$3,919$3,382$2,909$2,497$1,330
15 years$4,183$3,581$3,053$2,595$2,199$1,109
16 years$3,881$3,285$2,768$2,323$1,943$927
17 years$3,615$3,025$2,519$2,087$1,723$776
18 years$3,378$2,796$2,299$1,881$1,532$652
19 years$3,167$2,591$2,105$1,700$1,365$548
20 years$2,977$2,408$1,932$1,540$1,220$461
21 years$2,806$2,243$1,777$1,397$1,091$388
22 years$2,650$2,093$1,638$1,270$978$328
23 years$2,508$1,958$1,512$1,157$878$276
24 years$2,378$1,834$1,399$1,055$789$233
25 years$2,258$1,722$1,295$964$710$197
26 years$2,148$1,618$1,201$881$640$167
27 years$2,047$1,523$1,116$807$577$141
28 years$1,952$1,435$1,037$739$520$119
29 years$1,865$1,354$965$678$470$101
30 years$1,783$1,278$899$622$425$85
31 years$1,707$1,208$838$571$384$72
32 years$1,636$1,143$782$525$347$61
33 years$1,569$1,083$730$483$314$52
34 years$1,506$1,026$682$444$285$44
35 years$1,447$973$638$409$258$37
36 years$1,391$924$597$377$234$32
37 years$1,339$878$558$347$212$27
38 years$1,289$834$523$320$192$23
39 years$1,242$793$490$295$174$19
40 years$1,198$754$459$272$158$16
41 years$1,155$718$431$251$143$14
42 years$1,115$684$404$232$130$12
43 years$1,077$652$379$214$118$10
44 years$1,041$621$356$197$107$8
45 years$1,006$592$334$182$97$7
46 years$973$565$314$168$88$6
47 years$942$539$295$156$80$5
48 years$912$515$277$144$73$4
49 years$883$492$260$133$66$4
50 years$855$470$245$123$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $876,000, adding $4,513 every year, while hoping to spend $39,301 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: 80/13/7 Blend
63$876,000$876,000$876,000$876,000
64$970,007$923,579$910,001$1,046,520
65$1,027,132$927,019$898,670$1,100,728
66$1,088,766$929,309$885,643$1,154,554
67$1,155,329$930,354$870,820$1,212,428
68$1,227,279$930,048$854,099$1,274,734
69$1,305,122$928,281$835,372$1,341,896
70$1,389,414$924,937$814,527$1,414,378
71$1,480,766$919,890$791,445$1,492,695
72$1,579,850$913,010$766,004$1,577,411
73$1,687,403$904,156$738,073$1,669,150
74$1,804,238$893,180$707,519$1,768,597
75$1,931,250$879,925$674,200$1,876,510
76$2,069,420$864,224$637,969$1,993,721
77$2,219,831$845,901$598,671$2,121,149
78$2,383,673$824,769$556,145$2,259,806
79$2,562,255$800,631$510,224$2,410,808
80$2,757,019$773,276$460,731$2,575,385
81$2,969,552$742,483$407,482$2,754,892
82$3,201,600$708,018$350,286$2,950,823
83$3,455,085$669,633$288,943$3,164,824
84$3,732,124$627,065$223,242$3,398,711
85$4,035,045$580,036$152,966$3,654,484
86$4,366,416$528,254$77,886$3,934,349
87$4,729,060$471,408$0$4,240,735
88$5,126,088$409,171$0$4,576,491
89$5,560,924$341,196$0$4,950,621
90$6,037,341$267,117$0$5,360,578
91$6,559,493$186,548$0$5,809,971
92$7,131,953$99,081$0$6,302,778
93$7,759,762$4,286$0$6,843,381
94$8,448,468$0$0$7,436,612
95$9,204,184$0$0$8,101,855
96$10,033,643$0$0$8,832,711
97$10,944,262$0$0$9,635,104
98$11,944,211$0$0$10,516,238
99$13,042,488$0$0$11,484,046
100$14,249,009$0$0$12,547,267