Can I retire at age 64 with 881,000?

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 $881,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$72,752$72,104$71,472$70,855$70,252$68,890
2 years$36,016$35,345$34,695$34,065$33,453$32,087
3 years$23,772$23,098$22,450$21,826$21,224$19,895
4 years$17,651$16,980$16,338$15,724$15,137$13,857
5 years$13,980$13,312$12,679$12,078$11,507$10,278
6 years$11,533$10,871$10,246$9,659$9,105$7,930
7 years$9,786$9,129$8,515$7,941$7,405$6,283
8 years$8,476$7,825$7,221$6,661$6,143$5,074
9 years$7,458$6,813$6,220$5,674$5,173$4,157
10 years$6,644$6,006$5,422$4,891$4,408$3,443
11 years$5,979$5,346$4,774$4,257$3,791$2,876
12 years$5,424$4,799$4,237$3,734$3,285$2,420
13 years$4,956$4,337$3,785$3,296$2,865$2,047
14 years$4,554$3,942$3,401$2,926$2,511$1,740
15 years$4,207$3,601$3,071$2,610$2,211$1,484
16 years$3,903$3,304$2,784$2,337$1,954$1,270
17 years$3,635$3,043$2,533$2,099$1,733$1,090
18 years$3,398$2,812$2,313$1,892$1,541$937
19 years$3,185$2,606$2,117$1,710$1,373$807
20 years$2,994$2,421$1,943$1,548$1,227$697
21 years$2,822$2,255$1,787$1,405$1,098$602
22 years$2,665$2,105$1,647$1,278$984$521
23 years$2,522$1,969$1,521$1,164$883$451
24 years$2,391$1,845$1,406$1,061$794$391
25 years$2,271$1,731$1,303$969$714$339
26 years$2,161$1,627$1,208$886$643$295
27 years$2,058$1,531$1,122$811$580$256
28 years$1,964$1,443$1,043$743$523$222
29 years$1,875$1,361$971$682$473$193
30 years$1,793$1,286$904$625$427$168
31 years$1,717$1,215$843$574$386$146
32 years$1,645$1,150$786$528$349$127
33 years$1,578$1,089$734$485$316$111
34 years$1,515$1,032$686$447$286$96
35 years$1,455$979$641$411$259$84
36 years$1,399$929$600$379$235$73
37 years$1,346$883$562$349$213$64
38 years$1,296$839$526$322$193$56
39 years$1,249$798$493$297$175$48
40 years$1,204$759$462$274$159$42
41 years$1,162$722$433$252$144$37
42 years$1,122$688$406$233$131$32
43 years$1,083$655$381$215$119$28
44 years$1,047$625$358$199$108$24
45 years$1,012$596$336$183$98$21
46 years$979$568$316$169$89$18
47 years$947$542$296$156$81$16
48 years$917$518$279$145$73$14
49 years$888$494$262$134$66$12
50 years$860$472$246$123$60$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $881,000, adding $2,518 every year, while hoping to spend $43,039 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: 60/34/6 Blend
63$881,000$881,000$881,000$881,000
64$973,459$926,766$913,111$1,030,606
65$1,026,959$926,385$897,907$1,068,766
66$1,084,473$924,542$880,751$1,105,189
67$1,146,366$921,121$861,533$1,143,819
68$1,213,037$915,997$840,136$1,184,871
69$1,284,925$909,040$816,439$1,228,579
70$1,362,513$900,108$790,315$1,275,205
71$1,446,330$889,055$761,632$1,325,038
72$1,536,960$875,722$730,250$1,378,400
73$1,635,041$859,944$696,024$1,435,644
74$1,741,277$841,543$658,804$1,497,165
75$1,856,443$820,335$618,429$1,563,397
76$1,981,389$796,120$574,735$1,634,823
77$2,117,051$768,689$527,549$1,711,975
78$2,264,457$737,822$476,689$1,795,444
79$2,424,739$703,283$421,966$1,885,883
80$2,599,144$664,825$363,183$1,984,016
81$2,789,041$622,186$300,134$2,090,642
82$2,995,938$575,088$232,603$2,206,646
83$3,221,495$523,239$160,367$2,333,007
84$3,467,538$466,328$83,189$2,470,808
85$3,736,077$404,028$826$2,621,247
86$4,029,324$335,993$0$2,785,646
87$4,349,716$261,857$0$2,971,044
88$4,699,934$181,235$0$3,173,905
89$5,082,931$93,719$0$3,395,981
90$5,501,957$0$0$3,639,269
91$5,960,591$0$0$3,906,394
92$6,462,775$0$0$4,237,343
93$7,012,849$0$0$4,599,923
94$7,615,594$0$0$4,997,293
95$8,276,272$0$0$5,432,932
96$9,000,682$0$0$5,910,673
97$9,795,209$0$0$6,434,736
98$10,666,887$0$0$7,009,771
99$11,623,461$0$0$7,640,898
100$12,673,465$0$0$8,333,758