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%16.5%
1 years$72,835$72,186$71,553$70,935$70,332$68,465
2 years$36,057$35,385$34,734$34,103$33,491$31,624
3 years$23,799$23,125$22,475$21,850$21,248$19,438
4 years$17,671$16,999$16,356$15,742$15,154$13,416
5 years$13,996$13,327$12,693$12,091$11,520$9,858
6 years$11,546$10,883$10,258$9,670$9,116$7,531
7 years$9,797$9,139$8,524$7,950$7,413$5,906
8 years$8,486$7,834$7,229$6,669$6,150$4,720
9 years$7,467$6,821$6,227$5,680$5,179$3,825
10 years$6,652$6,012$5,429$4,897$4,413$3,133
11 years$5,985$5,353$4,779$4,262$3,795$2,588
12 years$5,431$4,804$4,241$3,738$3,289$2,152
13 years$4,961$4,342$3,789$3,300$2,868$1,798
14 years$4,560$3,946$3,405$2,929$2,514$1,510
15 years$4,212$3,605$3,074$2,613$2,214$1,272
16 years$3,908$3,308$2,787$2,339$1,956$1,074
17 years$3,640$3,046$2,536$2,102$1,735$910
18 years$3,402$2,815$2,315$1,894$1,542$772
19 years$3,189$2,609$2,119$1,711$1,375$657
20 years$2,998$2,424$1,945$1,550$1,228$559
21 years$2,825$2,258$1,789$1,407$1,099$476
22 years$2,668$2,108$1,649$1,279$985$407
23 years$2,525$1,971$1,523$1,165$884$347
24 years$2,394$1,847$1,408$1,062$795$297
25 years$2,274$1,733$1,304$970$715$254
26 years$2,163$1,629$1,210$887$644$217
27 years$2,061$1,533$1,123$812$581$186
28 years$1,966$1,445$1,044$744$524$159
29 years$1,878$1,363$972$682$473$136
30 years$1,795$1,287$905$626$428$117
31 years$1,719$1,217$844$575$387$100
32 years$1,647$1,151$787$529$350$86
33 years$1,580$1,090$735$486$316$74
34 years$1,516$1,033$687$447$287$63
35 years$1,457$980$642$412$260$54
36 years$1,401$930$601$379$235$46
37 years$1,348$884$562$349$213$40
38 years$1,298$840$526$322$193$34
39 years$1,251$798$493$297$175$29
40 years$1,206$760$462$274$159$25
41 years$1,163$723$434$253$144$22
42 years$1,123$689$407$233$131$19
43 years$1,085$656$382$215$119$16
44 years$1,048$625$358$199$108$14
45 years$1,013$596$336$184$98$12
46 years$980$569$316$170$89$10
47 years$948$543$297$157$81$9
48 years$918$518$279$145$73$7
49 years$889$495$262$134$67$6
50 years$861$473$246$124$60$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $882,000, adding $5,400 every year, while hoping to spend $46,981 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: 57/18/25 Blend
63$882,000$882,000$882,000$882,000
64$977,534$930,788$917,117$1,026,320
65$1,027,255$926,409$897,853$1,055,933
66$1,080,473$920,241$876,369$1,082,765
67$1,137,495$912,147$852,541$1,111,020
68$1,198,658$901,981$826,240$1,140,850
69$1,264,332$889,588$797,329$1,172,422
70$1,334,921$874,805$765,667$1,205,925
71$1,410,872$857,460$731,106$1,241,566
72$1,492,673$837,368$693,491$1,279,579
73$1,580,862$814,335$652,658$1,320,222
74$1,676,028$788,155$608,440$1,363,783
75$1,778,819$758,611$560,659$1,410,584
76$1,889,947$725,472$509,131$1,460,979
77$2,010,196$688,494$453,661$1,515,365
78$2,140,426$647,420$394,048$1,574,181
79$2,281,583$601,977$330,082$1,637,917
80$2,434,707$551,877$261,543$1,707,115
81$2,600,942$496,814$188,199$1,782,376
82$2,781,547$436,467$109,813$1,864,368
83$2,977,906$370,495$26,133$1,953,832
84$3,191,542$298,538$0$2,051,590
85$3,424,130$220,217$0$2,175,401
86$3,677,514$135,131$0$2,317,960
87$3,953,724$42,855$0$2,473,482
88$4,254,991$0$0$2,643,284
89$4,583,774$0$0$2,840,123
90$4,942,779$0$0$3,064,395
91$5,334,983$0$0$3,309,483
92$5,763,665$0$0$3,577,444
93$6,232,435$0$0$3,870,544
94$6,745,267$0$0$4,191,279
95$7,306,537$0$0$4,542,396
96$7,921,064$0$0$4,926,921
97$8,594,155$0$0$5,348,184
98$9,331,653$0$0$5,809,857
99$10,139,994$0$0$6,315,979
100$11,026,266$0$0$6,871,001