Can I retire at age 64 with 883,000?

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 $883,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$72,917$72,268$71,634$71,016$70,412$69,445
2 years$36,098$35,425$34,774$34,142$33,529$32,558
3 years$23,826$23,151$22,501$21,875$21,272$20,325
4 years$17,691$17,018$16,375$15,760$15,172$14,257
5 years$14,012$13,343$12,708$12,105$11,533$10,653
6 years$11,559$10,895$10,270$9,681$9,126$8,281
7 years$9,808$9,150$8,534$7,959$7,422$6,613
8 years$8,496$7,843$7,238$6,677$6,157$5,384
9 years$7,475$6,829$6,234$5,687$5,185$4,448
10 years$6,659$6,019$5,435$4,902$4,418$3,716
11 years$5,992$5,359$4,785$4,266$3,800$3,132
12 years$5,437$4,810$4,246$3,742$3,293$2,658
13 years$4,967$4,346$3,794$3,304$2,871$2,269
14 years$4,565$3,951$3,409$2,933$2,517$1,947
15 years$4,216$3,609$3,078$2,615$2,216$1,677
16 years$3,912$3,311$2,790$2,342$1,959$1,449
17 years$3,644$3,050$2,539$2,104$1,737$1,256
18 years$3,405$2,818$2,318$1,896$1,544$1,091
19 years$3,192$2,612$2,122$1,713$1,376$950
20 years$3,001$2,427$1,947$1,552$1,229$828
21 years$2,828$2,261$1,791$1,408$1,100$723
22 years$2,671$2,110$1,651$1,281$986$633
23 years$2,528$1,974$1,524$1,166$885$554
24 years$2,397$1,849$1,410$1,064$796$486
25 years$2,277$1,735$1,306$971$716$426
26 years$2,166$1,631$1,211$888$645$374
27 years$2,063$1,535$1,124$813$581$328
28 years$1,968$1,446$1,045$745$525$289
29 years$1,880$1,364$973$683$474$254
30 years$1,797$1,289$906$627$428$223
31 years$1,721$1,218$845$576$387$197
32 years$1,649$1,153$788$529$350$173
33 years$1,581$1,092$736$487$317$152
34 years$1,518$1,034$688$448$287$134
35 years$1,459$981$643$412$260$118
36 years$1,402$931$601$380$235$104
37 years$1,349$885$563$350$213$92
38 years$1,299$841$527$322$193$81
39 years$1,252$799$494$297$175$71
40 years$1,207$761$463$274$159$63
41 years$1,165$724$434$253$144$56
42 years$1,124$689$407$233$131$49
43 years$1,086$657$382$215$119$43
44 years$1,049$626$359$199$108$38
45 years$1,014$597$337$184$98$34
46 years$981$570$316$170$89$30
47 years$949$544$297$157$81$26
48 years$919$519$279$145$73$23
49 years$890$496$262$134$67$20
50 years$862$473$247$124$60$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $883,000, adding $3,747 every year, while hoping to spend $23,364 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: 67/25/8 Blend
63$883,000$883,000$883,000$883,000
64$976,931$930,132$916,446$1,040,684
65$1,051,719$950,849$922,287$1,104,211
66$1,133,352$971,799$927,542$1,170,478
67$1,222,504$992,967$932,165$1,242,303
68$1,319,916$1,014,339$936,109$1,320,227
69$1,426,405$1,035,900$939,326$1,404,844
70$1,542,870$1,057,630$941,765$1,496,808
71$1,670,299$1,079,510$943,370$1,596,841
72$1,809,783$1,101,519$944,087$1,705,738
73$1,962,521$1,123,634$943,854$1,824,372
74$2,129,835$1,145,829$942,610$1,953,708
75$2,313,180$1,168,077$940,289$2,094,807
76$2,514,158$1,190,346$936,823$2,248,840
77$2,734,535$1,212,606$932,139$2,417,095
78$2,976,254$1,234,820$926,162$2,600,992
79$3,241,456$1,256,950$918,812$2,802,095
80$3,532,500$1,278,957$910,008$3,022,128
81$3,851,984$1,300,794$899,662$3,262,991
82$4,202,769$1,322,415$887,683$3,526,777
83$4,588,007$1,343,770$873,977$3,815,791
84$5,011,171$1,364,802$858,442$4,132,575
85$5,476,086$1,385,453$840,976$4,479,930
86$5,986,967$1,405,659$821,468$4,860,941
87$6,548,455$1,425,354$799,805$5,279,009
88$7,165,666$1,444,465$775,867$5,737,882
89$7,844,235$1,462,914$749,529$6,241,690
90$8,590,369$1,480,619$720,660$6,794,984
91$9,410,908$1,497,491$689,124$7,402,780
92$10,313,388$1,513,436$654,777$8,070,605
93$11,306,113$1,528,354$617,471$8,804,551
94$12,398,229$1,542,135$577,049$9,611,332
95$13,599,816$1,554,668$533,348$10,498,346
96$14,921,979$1,565,829$486,197$11,473,746
97$16,376,956$1,575,489$435,419$12,546,518
98$17,978,227$1,583,509$380,827$13,726,566
99$19,740,648$1,589,744$322,228$15,024,804
100$21,680,589$1,594,036$259,417$16,453,260