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%13.2%
1 years$72,752$72,104$71,472$70,855$70,252$69,317
2 years$36,016$35,345$34,695$34,065$33,453$32,513
3 years$23,772$23,098$22,450$21,826$21,224$20,307
4 years$17,651$16,980$16,338$15,724$15,137$14,251
5 years$13,980$13,312$12,679$12,078$11,507$10,654
6 years$11,533$10,871$10,246$9,659$9,105$8,287
7 years$9,786$9,129$8,515$7,941$7,405$6,621
8 years$8,476$7,825$7,221$6,661$6,143$5,394
9 years$7,458$6,813$6,220$5,674$5,173$4,458
10 years$6,644$6,006$5,422$4,891$4,408$3,727
11 years$5,979$5,346$4,774$4,257$3,791$3,143
12 years$5,424$4,799$4,237$3,734$3,285$2,670
13 years$4,956$4,337$3,785$3,296$2,865$2,281
14 years$4,554$3,942$3,401$2,926$2,511$1,958
15 years$4,207$3,601$3,071$2,610$2,211$1,687
16 years$3,903$3,304$2,784$2,337$1,954$1,459
17 years$3,635$3,043$2,533$2,099$1,733$1,266
18 years$3,398$2,812$2,313$1,892$1,541$1,100
19 years$3,185$2,606$2,117$1,710$1,373$959
20 years$2,994$2,421$1,943$1,548$1,227$837
21 years$2,822$2,255$1,787$1,405$1,098$731
22 years$2,665$2,105$1,647$1,278$984$640
23 years$2,522$1,969$1,521$1,164$883$561
24 years$2,391$1,845$1,406$1,061$794$492
25 years$2,271$1,731$1,303$969$714$432
26 years$2,161$1,627$1,208$886$643$379
27 years$2,058$1,531$1,122$811$580$334
28 years$1,964$1,443$1,043$743$523$293
29 years$1,875$1,361$971$682$473$258
30 years$1,793$1,286$904$625$427$227
31 years$1,717$1,215$843$574$386$200
32 years$1,645$1,150$786$528$349$176
33 years$1,578$1,089$734$485$316$156
34 years$1,515$1,032$686$447$286$137
35 years$1,455$979$641$411$259$121
36 years$1,399$929$600$379$235$107
37 years$1,346$883$562$349$213$94
38 years$1,296$839$526$322$193$83
39 years$1,249$798$493$297$175$73
40 years$1,204$759$462$274$159$65
41 years$1,162$722$433$252$144$57
42 years$1,122$688$406$233$131$50
43 years$1,083$655$381$215$119$44
44 years$1,047$625$358$199$108$39
45 years$1,012$596$336$183$98$35
46 years$979$568$316$169$89$31
47 years$947$542$296$156$81$27
48 years$917$518$279$145$73$24
49 years$888$494$262$134$66$21
50 years$860$472$246$123$60$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $881,000, adding $6,132 every year, while hoping to spend $33,333 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: 47/37/16 Blend
63$881,000$881,000$881,000$881,000
64$977,187$930,494$916,839$1,018,434
65$1,041,394$940,622$912,087$1,057,819
66$1,111,033$950,130$906,058$1,096,661
67$1,186,623$958,950$898,676$1,138,097
68$1,268,734$967,015$889,857$1,182,383
69$1,357,995$974,248$879,517$1,229,799
70$1,455,095$980,571$867,566$1,280,660
71$1,560,795$985,899$853,909$1,335,309
72$1,675,931$990,143$838,450$1,394,129
73$1,801,422$993,206$821,085$1,457,543
74$1,938,282$994,988$801,706$1,526,018
75$2,087,625$995,381$780,201$1,600,070
76$2,250,677$994,269$756,452$1,680,271
77$2,428,789$991,531$730,336$1,767,254
78$2,623,448$987,038$701,725$1,861,716
79$2,836,290$980,653$670,483$1,964,431
80$3,069,117$972,231$636,469$2,076,251
81$3,323,914$961,617$599,538$2,198,121
82$3,602,864$948,648$559,534$2,331,083
83$3,908,376$933,151$516,297$2,476,290
84$4,243,096$914,942$469,660$2,635,015
85$4,609,945$893,826$419,446$2,808,666
86$5,012,134$869,599$365,473$2,998,796
87$5,453,205$842,042$307,549$3,207,123
88$5,937,054$810,924$245,474$3,435,543
89$6,467,976$776,002$179,040$3,686,152
90$7,050,700$737,017$108,028$3,961,262
91$7,690,436$693,695$32,212$4,263,429
92$8,392,923$645,749$0$4,595,474
93$9,164,483$592,872$0$4,968,825
94$10,012,079$534,742$0$5,385,017
95$10,943,384$471,018$0$5,842,386
96$11,966,850$401,338$0$6,345,169
97$13,091,787$325,322$0$6,898,040
98$14,328,454$242,567$0$7,506,156
99$15,688,152$152,649$0$8,175,206
100$17,183,332$55,117$0$8,911,464