Can I retire at age 64 with 881,000?

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 $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%11.9%
1 years$72,752$72,104$71,472$70,855$70,252$69,693
2 years$36,016$35,345$34,695$34,065$33,453$32,889
3 years$23,772$23,098$22,450$21,826$21,224$20,673
4 years$17,651$16,980$16,338$15,724$15,137$14,603
5 years$13,980$13,312$12,679$12,078$11,507$10,992
6 years$11,533$10,871$10,246$9,659$9,105$8,610
7 years$9,786$9,129$8,515$7,941$7,405$6,929
8 years$8,476$7,825$7,221$6,661$6,143$5,687
9 years$7,458$6,813$6,220$5,674$5,173$4,737
10 years$6,644$6,006$5,422$4,891$4,408$3,991
11 years$5,979$5,346$4,774$4,257$3,791$3,393
12 years$5,424$4,799$4,237$3,734$3,285$2,905
13 years$4,956$4,337$3,785$3,296$2,865$2,503
14 years$4,554$3,942$3,401$2,926$2,511$2,167
15 years$4,207$3,601$3,071$2,610$2,211$1,885
16 years$3,903$3,304$2,784$2,337$1,954$1,644
17 years$3,635$3,043$2,533$2,099$1,733$1,439
18 years$3,398$2,812$2,313$1,892$1,541$1,263
19 years$3,185$2,606$2,117$1,710$1,373$1,111
20 years$2,994$2,421$1,943$1,548$1,227$979
21 years$2,822$2,255$1,787$1,405$1,098$864
22 years$2,665$2,105$1,647$1,278$984$763
23 years$2,522$1,969$1,521$1,164$883$676
24 years$2,391$1,845$1,406$1,061$794$599
25 years$2,271$1,731$1,303$969$714$531
26 years$2,161$1,627$1,208$886$643$471
27 years$2,058$1,531$1,122$811$580$419
28 years$1,964$1,443$1,043$743$523$372
29 years$1,875$1,361$971$682$473$331
30 years$1,793$1,286$904$625$427$294
31 years$1,717$1,215$843$574$386$262
32 years$1,645$1,150$786$528$349$233
33 years$1,578$1,089$734$485$316$208
34 years$1,515$1,032$686$447$286$185
35 years$1,455$979$641$411$259$165
36 years$1,399$929$600$379$235$147
37 years$1,346$883$562$349$213$131
38 years$1,296$839$526$322$193$117
39 years$1,249$798$493$297$175$105
40 years$1,204$759$462$274$159$93
41 years$1,162$722$433$252$144$83
42 years$1,122$688$406$233$131$74
43 years$1,083$655$381$215$119$66
44 years$1,047$625$358$199$108$59
45 years$1,012$596$336$183$98$53
46 years$979$568$316$169$89$47
47 years$947$542$296$156$81$42
48 years$917$518$279$145$73$38
49 years$888$494$262$134$66$34
50 years$860$472$246$123$60$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $881,000, adding $6,961 every year, while hoping to spend $58,968 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: 72/9/19 Blend
63$881,000$881,000$881,000$881,000
64$978,042$931,349$917,694$1,043,545
65$1,015,061$914,244$885,695$1,070,907
66$1,053,879$894,324$850,648$1,093,111
67$1,094,619$871,389$812,388$1,115,929
68$1,137,411$845,228$770,744$1,139,411
69$1,182,398$815,616$725,535$1,163,616
70$1,229,737$782,315$676,575$1,188,607
71$1,279,596$745,075$623,667$1,214,456
72$1,332,161$703,630$566,605$1,241,246
73$1,387,632$657,698$505,177$1,269,067
74$1,446,228$606,982$439,158$1,298,020
75$1,508,187$551,169$368,314$1,328,221
76$1,573,772$489,926$292,402$1,359,797
77$1,643,267$422,902$211,168$1,392,892
78$1,716,982$349,727$124,344$1,427,664
79$1,795,259$270,008$31,654$1,464,294
80$1,878,469$183,332$0$1,502,980
81$1,967,019$89,262$0$1,557,582
82$2,061,356$0$0$1,622,445
83$2,161,966$0$0$1,692,741
84$2,269,384$0$0$1,777,258
85$2,384,197$0$0$1,867,619
86$2,507,045$0$0$1,964,333
87$2,638,633$0$0$2,067,957
88$2,779,734$0$0$2,179,104
89$2,931,193$0$0$2,298,444
90$3,093,940$0$0$2,426,715
91$3,268,997$0$0$2,564,726
92$3,457,482$0$0$2,713,364
93$3,660,628$0$0$2,873,604
94$3,879,784$0$0$3,046,519
95$4,116,436$0$0$3,233,284
96$4,372,215$0$0$3,435,195
97$4,648,915$0$0$3,653,672
98$4,948,506$0$0$3,890,278
99$5,273,156$0$0$4,146,732
100$5,625,247$0$0$4,424,923