Can I retire at age 64 with 877,000?

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 $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%16.1%
1 years$72,422$71,777$71,147$70,533$69,933$68,187
2 years$35,852$35,185$34,538$33,910$33,302$31,554
3 years$23,664$22,994$22,348$21,727$21,128$19,433
4 years$17,571$16,903$16,264$15,653$15,069$13,439
5 years$13,916$13,252$12,621$12,023$11,455$9,895
6 years$11,481$10,821$10,200$9,615$9,064$7,576
7 years$9,742$9,088$8,476$7,905$7,371$5,956
8 years$8,438$7,790$7,188$6,631$6,115$4,771
9 years$7,424$6,782$6,191$5,648$5,150$3,876
10 years$6,614$5,978$5,398$4,869$4,388$3,182
11 years$5,951$5,322$4,752$4,237$3,774$2,635
12 years$5,400$4,777$4,217$3,717$3,270$2,197
13 years$4,933$4,317$3,768$3,281$2,852$1,841
14 years$4,534$3,924$3,386$2,913$2,500$1,550
15 years$4,188$3,585$3,057$2,598$2,201$1,309
16 years$3,885$3,289$2,771$2,326$1,945$1,109
17 years$3,619$3,029$2,522$2,090$1,725$942
18 years$3,382$2,799$2,302$1,883$1,534$802
19 years$3,171$2,594$2,107$1,702$1,367$684
20 years$2,981$2,410$1,934$1,541$1,221$584
21 years$2,809$2,245$1,779$1,399$1,093$499
22 years$2,653$2,096$1,640$1,272$979$427
23 years$2,511$1,960$1,514$1,158$879$366
24 years$2,381$1,837$1,400$1,056$790$314
25 years$2,261$1,724$1,297$965$711$269
26 years$2,151$1,620$1,203$882$641$231
27 years$2,049$1,524$1,117$807$577$199
28 years$1,955$1,436$1,038$740$521$171
29 years$1,867$1,355$966$678$471$147
30 years$1,785$1,280$900$623$425$126
31 years$1,709$1,210$839$572$384$108
32 years$1,638$1,145$783$526$348$93
33 years$1,571$1,084$731$483$315$80
34 years$1,508$1,027$683$445$285$69
35 years$1,449$975$638$409$258$59
36 years$1,393$925$597$377$234$51
37 years$1,340$879$559$347$212$44
38 years$1,291$835$524$320$192$38
39 years$1,244$794$490$295$174$33
40 years$1,199$755$460$272$158$28
41 years$1,157$719$431$251$143$24
42 years$1,117$685$404$232$130$21
43 years$1,078$652$379$214$118$18
44 years$1,042$622$356$198$107$15
45 years$1,007$593$334$182$97$13
46 years$974$566$314$169$88$11
47 years$943$540$295$156$80$10
48 years$913$515$277$144$73$8
49 years$884$492$261$133$66$7
50 years$856$470$245$123$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $877,000, adding $6,453 every year, while hoping to spend $58,287 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: 65/18/17 Blend
63$877,000$877,000$877,000$877,000
64$973,110$926,629$913,036$1,031,883
65$1,010,351$910,017$881,606$1,055,449
66$1,049,436$890,638$847,169$1,073,894
67$1,090,493$868,293$809,564$1,092,640
68$1,133,659$842,776$768,620$1,111,716
69$1,179,084$813,864$724,161$1,131,157
70$1,226,931$781,323$676,000$1,151,003
71$1,277,377$744,907$623,945$1,171,300
72$1,330,616$704,354$567,794$1,192,102
73$1,386,858$659,386$507,334$1,213,471
74$1,446,332$609,711$442,345$1,235,477
75$1,509,291$555,020$372,596$1,258,201
76$1,576,007$494,984$297,847$1,281,737
77$1,646,781$429,260$217,845$1,306,188
78$1,721,939$357,480$132,330$1,331,675
79$1,801,840$279,260$41,026$1,358,333
80$1,886,875$194,191$0$1,386,316
81$1,977,473$101,843$0$1,426,029
82$2,074,104$1,761$0$1,476,044
83$2,177,280$0$0$1,529,187
84$2,287,567$0$0$1,606,868
85$2,405,582$0$0$1,690,403
86$2,532,001$0$0$1,779,926
87$2,667,568$0$0$1,875,970
88$2,813,099$0$0$1,979,117
89$2,969,486$0$0$2,090,006
90$3,137,713$0$0$2,209,341
91$3,318,857$0$0$2,337,891
92$3,514,103$0$0$2,476,504
93$3,724,750$0$0$2,626,110
94$3,952,228$0$0$2,787,732
95$4,198,106$0$0$2,962,492
96$4,464,111$0$0$3,151,626
97$4,752,139$0$0$3,356,491
98$5,064,276$0$0$3,578,579
99$5,402,814$0$0$3,819,532
100$5,770,275$0$0$4,081,153