Can I retire at age 64 with 877,000?

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 $877,000?

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%
1 years$72,422$71,777$71,147$70,533$69,933$67,640
2 years$35,852$35,185$34,538$33,910$33,302$31,014
3 years$23,664$22,994$22,348$21,727$21,128$18,916
4 years$17,571$16,903$16,264$15,653$15,069$12,951
5 years$13,916$13,252$12,621$12,023$11,455$9,436
6 years$11,481$10,821$10,200$9,615$9,064$7,146
7 years$9,742$9,088$8,476$7,905$7,371$5,554
8 years$8,438$7,790$7,188$6,631$6,115$4,397
9 years$7,424$6,782$6,191$5,648$5,150$3,529
10 years$6,614$5,978$5,398$4,869$4,388$2,862
11 years$5,951$5,322$4,752$4,237$3,774$2,339
12 years$5,400$4,777$4,217$3,717$3,270$1,924
13 years$4,933$4,317$3,768$3,281$2,852$1,591
14 years$4,534$3,924$3,386$2,913$2,500$1,321
15 years$4,188$3,585$3,057$2,598$2,201$1,100
16 years$3,885$3,289$2,771$2,326$1,945$919
17 years$3,619$3,029$2,522$2,090$1,725$769
18 years$3,382$2,799$2,302$1,883$1,534$645
19 years$3,171$2,594$2,107$1,702$1,367$542
20 years$2,981$2,410$1,934$1,541$1,221$456
21 years$2,809$2,245$1,779$1,399$1,093$384
22 years$2,653$2,096$1,640$1,272$979$323
23 years$2,511$1,960$1,514$1,158$879$273
24 years$2,381$1,837$1,400$1,056$790$230
25 years$2,261$1,724$1,297$965$711$194
26 years$2,151$1,620$1,203$882$641$164
27 years$2,049$1,524$1,117$807$577$139
28 years$1,955$1,436$1,038$740$521$117
29 years$1,867$1,355$966$678$471$99
30 years$1,785$1,280$900$623$425$84
31 years$1,709$1,210$839$572$384$71
32 years$1,638$1,145$783$526$348$60
33 years$1,571$1,084$731$483$315$51
34 years$1,508$1,027$683$445$285$43
35 years$1,449$975$638$409$258$36
36 years$1,393$925$597$377$234$31
37 years$1,340$879$559$347$212$26
38 years$1,291$835$524$320$192$22
39 years$1,244$794$490$295$174$19
40 years$1,199$755$460$272$158$16
41 years$1,157$719$431$251$143$13
42 years$1,117$685$404$232$130$11
43 years$1,078$652$379$214$118$10
44 years$1,042$622$356$198$107$8
45 years$1,007$593$334$182$97$7
46 years$974$566$314$169$88$6
47 years$943$540$295$156$80$5
48 years$913$515$277$144$73$4
49 years$884$492$261$133$66$4
50 years$856$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 $877,000, adding $6,381 every year, while hoping to spend $35,073 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: 58/28/14 Blend
63$877,000$877,000$877,000$877,000
64$973,036$926,555$912,962$1,025,659
65$1,034,968$934,639$906,228$1,070,049
66$1,102,042$941,943$898,094$1,113,980
67$1,174,745$948,393$888,475$1,161,045
68$1,253,613$953,908$877,283$1,211,552
69$1,339,235$958,403$864,425$1,265,838
70$1,432,260$961,788$849,806$1,324,279
71$1,533,401$963,966$833,325$1,387,285
72$1,643,442$964,835$814,876$1,455,315
73$1,763,247$964,285$794,348$1,528,871
74$1,893,766$962,203$771,626$1,608,511
75$2,036,043$958,464$746,589$1,694,849
76$2,191,230$952,939$719,110$1,788,564
77$2,360,592$945,490$689,058$1,890,405
78$2,545,524$935,971$656,292$2,001,202
79$2,747,560$924,226$620,671$2,121,868
80$2,968,389$910,090$582,041$2,253,412
81$3,209,871$893,391$540,245$2,396,950
82$3,474,052$873,942$495,118$2,553,713
83$3,763,189$851,549$446,488$2,725,058
84$4,079,764$826,004$394,175$2,912,487
85$4,426,510$797,088$337,990$3,117,655
86$4,806,438$764,570$277,737$3,342,390
87$5,222,864$728,203$213,211$3,588,710
88$5,679,441$687,729$144,197$3,858,843
89$6,180,189$642,873$70,473$4,155,244
90$6,729,539$593,345$0$4,480,629
91$7,332,370$538,837$0$4,839,215
92$7,994,057$479,025$0$5,244,394
93$8,720,521$413,567$0$5,689,312
94$9,518,282$342,100$0$6,178,030
95$10,394,526$264,242$0$6,715,027
96$11,357,166$179,588$0$7,305,244
97$12,414,920$87,712$0$7,954,126
98$13,577,395$0$0$8,667,680
99$14,855,170$0$0$9,456,178
100$16,259,905$0$0$10,352,810