Can I retire at age 64 with 878,000?

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 $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$72,504$71,859$71,228$70,613$70,013$67,610
2 years$35,893$35,225$34,577$33,949$33,340$30,943
3 years$23,691$23,020$22,374$21,751$21,152$18,837
4 years$17,591$16,922$16,282$15,671$15,086$12,870
5 years$13,932$13,267$12,636$12,037$11,468$9,358
6 years$11,494$10,834$10,212$9,626$9,074$7,071
7 years$9,753$9,098$8,486$7,914$7,380$5,483
8 years$8,447$7,799$7,197$6,639$6,122$4,331
9 years$7,433$6,790$6,198$5,655$5,156$3,467
10 years$6,622$5,985$5,404$4,874$4,393$2,805
11 years$5,958$5,328$4,758$4,242$3,778$2,287
12 years$5,406$4,782$4,222$3,721$3,274$1,876
13 years$4,939$4,322$3,772$3,285$2,855$1,547
14 years$4,539$3,928$3,389$2,916$2,503$1,281
15 years$4,193$3,589$3,060$2,601$2,204$1,064
16 years$3,890$3,293$2,775$2,329$1,948$886
17 years$3,623$3,032$2,525$2,092$1,727$739
18 years$3,386$2,802$2,305$1,886$1,535$618
19 years$3,174$2,597$2,110$1,704$1,369$518
20 years$2,984$2,413$1,936$1,543$1,222$434
21 years$2,812$2,248$1,781$1,400$1,094$364
22 years$2,656$2,098$1,642$1,273$981$306
23 years$2,514$1,962$1,516$1,160$880$257
24 years$2,383$1,839$1,402$1,058$791$216
25 years$2,264$1,725$1,298$966$712$182
26 years$2,153$1,622$1,204$883$641$153
27 years$2,051$1,526$1,118$808$578$129
28 years$1,957$1,438$1,039$741$522$109
29 years$1,869$1,357$967$679$471$92
30 years$1,787$1,281$901$623$426$77
31 years$1,711$1,211$840$572$385$65
32 years$1,639$1,146$784$526$348$55
33 years$1,572$1,085$732$484$315$46
34 years$1,509$1,029$684$445$285$39
35 years$1,450$976$639$410$258$33
36 years$1,394$926$598$377$234$28
37 years$1,342$880$560$348$212$23
38 years$1,292$836$524$321$192$20
39 years$1,245$795$491$296$174$17
40 years$1,200$756$460$273$158$14
41 years$1,158$720$432$251$144$12
42 years$1,118$686$405$232$130$10
43 years$1,080$653$380$214$118$8
44 years$1,043$623$357$198$107$7
45 years$1,009$594$335$183$97$6
46 years$975$566$314$169$88$5
47 years$944$541$295$156$80$4
48 years$914$516$278$144$73$4
49 years$885$493$261$133$66$3
50 years$857$471$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 $878,000, adding $4,520 every year, while hoping to spend $20,334 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: 71/22/7 Blend
63$878,000$878,000$878,000$878,000
64$972,218$925,684$912,075$1,039,898
65$1,049,749$949,408$920,995$1,108,929
66$1,134,507$973,612$929,531$1,181,507
67$1,227,207$998,299$937,651$1,260,383
68$1,328,637$1,023,471$945,317$1,346,169
69$1,439,666$1,049,128$952,493$1,439,544
70$1,561,247$1,075,271$959,137$1,541,252
71$1,694,434$1,101,899$965,208$1,652,113
72$1,840,386$1,129,012$970,661$1,773,030
73$2,000,377$1,156,605$975,451$1,904,997
74$2,175,815$1,184,678$979,527$2,049,111
75$2,368,245$1,213,225$982,839$2,206,578
76$2,579,375$1,242,241$985,333$2,378,726
77$2,811,081$1,271,721$986,951$2,567,020
78$3,065,433$1,301,657$987,635$2,773,072
79$3,344,708$1,332,039$987,322$2,998,659
80$3,651,417$1,362,858$985,947$3,245,738
81$3,988,326$1,394,102$983,440$3,516,464
82$4,358,480$1,425,758$979,730$3,813,212
83$4,765,235$1,457,810$974,741$4,138,600
84$5,212,287$1,490,241$968,393$4,495,511
85$5,703,711$1,523,034$960,605$4,887,120
86$6,243,993$1,556,165$951,288$5,316,928
87$6,838,076$1,589,613$940,352$5,788,790
88$7,491,408$1,623,352$927,702$6,306,956
89$8,209,988$1,657,353$913,237$6,876,107
90$9,000,429$1,691,586$896,853$7,501,401
91$9,870,015$1,726,016$878,440$8,188,523
92$10,826,773$1,760,607$857,883$8,943,736
93$11,879,545$1,795,318$835,064$9,773,941
94$13,038,076$1,830,106$809,856$10,686,742
95$14,313,102$1,864,924$782,129$11,690,521
96$15,716,453$1,899,719$751,744$12,794,510
97$17,261,163$1,934,437$718,559$14,008,886
98$18,961,595$1,969,018$682,424$15,344,861
99$20,833,574$2,003,396$643,182$16,814,792
100$22,894,539$2,037,503$600,669$18,432,295