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%19.4%
1 years$72,422$71,777$71,147$70,533$69,933$67,291
2 years$35,852$35,185$34,538$33,910$33,302$30,671
3 years$23,664$22,994$22,348$21,727$21,128$18,591
4 years$17,571$16,903$16,264$15,653$15,069$12,644
5 years$13,916$13,252$12,621$12,023$11,455$9,150
6 years$11,481$10,821$10,200$9,615$9,064$6,880
7 years$9,742$9,088$8,476$7,905$7,371$5,308
8 years$8,438$7,790$7,188$6,631$6,115$4,170
9 years$7,424$6,782$6,191$5,648$5,150$3,320
10 years$6,614$5,978$5,398$4,869$4,388$2,670
11 years$5,951$5,322$4,752$4,237$3,774$2,164
12 years$5,400$4,777$4,217$3,717$3,270$1,765
13 years$4,933$4,317$3,768$3,281$2,852$1,447
14 years$4,534$3,924$3,386$2,913$2,500$1,190
15 years$4,188$3,585$3,057$2,598$2,201$982
16 years$3,885$3,289$2,771$2,326$1,945$813
17 years$3,619$3,029$2,522$2,090$1,725$674
18 years$3,382$2,799$2,302$1,883$1,534$560
19 years$3,171$2,594$2,107$1,702$1,367$465
20 years$2,981$2,410$1,934$1,541$1,221$388
21 years$2,809$2,245$1,779$1,399$1,093$323
22 years$2,653$2,096$1,640$1,272$979$269
23 years$2,511$1,960$1,514$1,158$879$225
24 years$2,381$1,837$1,400$1,056$790$188
25 years$2,261$1,724$1,297$965$711$157
26 years$2,151$1,620$1,203$882$641$131
27 years$2,049$1,524$1,117$807$577$110
28 years$1,955$1,436$1,038$740$521$92
29 years$1,867$1,355$966$678$471$77
30 years$1,785$1,280$900$623$425$64
31 years$1,709$1,210$839$572$384$54
32 years$1,638$1,145$783$526$348$45
33 years$1,571$1,084$731$483$315$38
34 years$1,508$1,027$683$445$285$32
35 years$1,449$975$638$409$258$26
36 years$1,393$925$597$377$234$22
37 years$1,340$879$559$347$212$19
38 years$1,291$835$524$320$192$15
39 years$1,244$794$490$295$174$13
40 years$1,199$755$460$272$158$11
41 years$1,157$719$431$251$143$9
42 years$1,117$685$404$232$130$8
43 years$1,078$652$379$214$118$6
44 years$1,042$622$356$198$107$5
45 years$1,007$593$334$182$97$4
46 years$974$566$314$169$88$4
47 years$943$540$295$156$80$3
48 years$913$515$277$144$73$3
49 years$884$492$261$133$66$2
50 years$856$470$245$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $877,000, adding $6,965 every year, while hoping to spend $38,510 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: 54/32/14 Blend
63$877,000$877,000$877,000$877,000
64$973,638$927,157$913,564$1,022,262
65$1,031,975$931,614$903,194$1,060,607
66$1,094,972$934,998$891,186$1,097,590
67$1,163,062$937,216$877,444$1,136,967
68$1,236,725$938,170$861,869$1,178,972
69$1,316,485$937,754$844,355$1,223,869
70$1,402,919$935,857$824,794$1,271,947
71$1,496,662$932,359$803,070$1,323,528
72$1,598,412$927,136$779,064$1,378,968
73$1,708,937$920,053$752,649$1,438,661
74$1,829,082$910,968$723,696$1,503,042
75$1,959,775$899,732$692,067$1,572,596
76$2,102,039$886,186$657,617$1,647,855
77$2,256,998$870,160$620,199$1,729,412
78$2,425,890$851,477$579,654$1,817,919
79$2,610,078$829,946$535,820$1,914,102
80$2,811,061$805,368$488,524$2,018,759
81$3,030,488$777,530$437,589$2,132,777
82$3,270,177$746,208$382,827$2,257,133
83$3,532,128$711,165$324,045$2,392,911
84$3,818,542$672,149$261,037$2,541,307
85$4,131,843$628,895$193,592$2,703,644
86$4,474,702$581,121$121,488$2,881,384
87$4,850,056$528,530$44,492$3,076,142
88$5,261,143$470,810$0$3,289,706
89$5,711,527$407,626$0$3,529,675
90$6,205,132$338,630$0$3,800,061
91$6,746,284$263,451$0$4,096,659
92$7,339,741$181,697$0$4,422,171
93$7,990,750$92,955$0$4,779,577
94$8,705,085$0$0$5,172,170
95$9,489,110$0$0$5,604,711
96$10,349,833$0$0$6,115,585
97$11,294,974$0$0$6,676,653
98$12,333,038$0$0$7,292,973
99$13,473,392$0$0$7,970,121
100$14,726,357$0$0$8,714,235