Can I retire at age 64 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$72,835$72,186$71,553$70,935$70,332$69,167
2 years$36,057$35,385$34,734$34,103$33,491$32,321
3 years$23,799$23,125$22,475$21,850$21,248$20,109
4 years$17,671$16,999$16,356$15,742$15,154$14,055
5 years$13,996$13,327$12,693$12,091$11,520$10,464
6 years$11,546$10,883$10,258$9,670$9,116$8,103
7 years$9,797$9,139$8,524$7,950$7,413$6,446
8 years$8,486$7,834$7,229$6,669$6,150$5,227
9 years$7,467$6,821$6,227$5,680$5,179$4,300
10 years$6,652$6,012$5,429$4,897$4,413$3,577
11 years$5,985$5,353$4,779$4,262$3,795$3,001
12 years$5,431$4,804$4,241$3,738$3,289$2,536
13 years$4,961$4,342$3,789$3,300$2,868$2,155
14 years$4,560$3,946$3,405$2,929$2,514$1,840
15 years$4,212$3,605$3,074$2,613$2,214$1,578
16 years$3,908$3,308$2,787$2,339$1,956$1,357
17 years$3,640$3,046$2,536$2,102$1,735$1,170
18 years$3,402$2,815$2,315$1,894$1,542$1,011
19 years$3,189$2,609$2,119$1,711$1,375$876
20 years$2,998$2,424$1,945$1,550$1,228$760
21 years$2,825$2,258$1,789$1,407$1,099$660
22 years$2,668$2,108$1,649$1,279$985$574
23 years$2,525$1,971$1,523$1,165$884$500
24 years$2,394$1,847$1,408$1,062$795$436
25 years$2,274$1,733$1,304$970$715$380
26 years$2,163$1,629$1,210$887$644$332
27 years$2,061$1,533$1,123$812$581$290
28 years$1,966$1,445$1,044$744$524$253
29 years$1,878$1,363$972$682$473$222
30 years$1,795$1,287$905$626$428$194
31 years$1,719$1,217$844$575$387$170
32 years$1,647$1,151$787$529$350$148
33 years$1,580$1,090$735$486$316$130
34 years$1,516$1,033$687$447$287$114
35 years$1,457$980$642$412$260$100
36 years$1,401$930$601$379$235$87
37 years$1,348$884$562$349$213$77
38 years$1,298$840$526$322$193$67
39 years$1,251$798$493$297$175$59
40 years$1,206$760$462$274$159$52
41 years$1,163$723$434$253$144$45
42 years$1,123$689$407$233$131$40
43 years$1,085$656$382$215$119$35
44 years$1,048$625$358$199$108$30
45 years$1,013$596$336$184$98$27
46 years$980$569$316$170$89$23
47 years$948$543$297$157$81$21
48 years$918$518$279$145$73$18
49 years$889$495$262$134$67$16
50 years$861$473$246$124$60$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $882,000, adding $6,955 every year, while hoping to spend $26,187 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: 56/19/25 Blend
63$882,000$882,000$882,000$882,000
64$979,138$932,392$918,721$1,026,919
65$1,051,147$950,217$921,635$1,078,284
66$1,129,624$968,037$923,770$1,130,882
67$1,215,200$985,825$925,070$1,187,642
68$1,308,571$1,003,551$925,481$1,248,971
69$1,410,502$1,021,182$924,941$1,315,322
70$1,521,837$1,038,683$923,390$1,387,191
71$1,643,503$1,056,017$920,763$1,465,126
72$1,776,521$1,073,143$916,990$1,549,732
73$1,922,018$1,090,018$912,000$1,641,676
74$2,081,230$1,106,596$905,718$1,741,694
75$2,255,521$1,122,825$898,065$1,850,597
76$2,446,393$1,138,652$888,960$1,969,279
77$2,655,500$1,154,021$878,314$2,098,728
78$2,884,662$1,168,869$866,039$2,240,032
79$3,135,885$1,183,131$852,039$2,394,390
80$3,411,378$1,196,737$836,215$2,563,127
81$3,713,574$1,209,612$818,463$2,747,702
82$4,045,152$1,221,677$798,675$2,949,725
83$4,409,064$1,232,846$776,737$3,170,972
84$4,808,561$1,243,028$752,531$3,413,399
85$5,247,225$1,252,127$725,931$3,679,167
86$5,729,000$1,260,039$696,808$3,970,655
87$6,258,233$1,266,656$665,027$4,290,488
88$6,839,712$1,271,861$630,444$4,641,562
89$7,478,710$1,275,530$592,911$5,027,068
90$8,181,038$1,277,531$552,274$5,450,527
91$8,953,099$1,277,725$508,369$5,915,818
92$9,801,943$1,275,962$461,028$6,427,221
93$10,735,342$1,272,085$410,074$6,989,453
94$11,761,856$1,265,926$355,320$7,607,718
95$12,890,917$1,257,308$296,575$8,287,750
96$14,132,917$1,246,043$233,637$9,035,872
97$15,499,306$1,231,929$166,295$9,859,057
98$17,002,698$1,214,757$94,328$10,764,991
99$18,656,994$1,194,301$17,509$11,762,147
100$20,477,509$1,170,323$0$12,859,868