Can I retire at age 64 with 883,000?

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 $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%14.5%
1 years$72,917$72,268$71,634$71,016$70,412$69,103
2 years$36,098$35,425$34,774$34,142$33,529$32,216
3 years$23,826$23,151$22,501$21,875$21,272$19,995
4 years$17,691$17,018$16,375$15,760$15,172$13,940
5 years$14,012$13,343$12,708$12,105$11,533$10,351
6 years$11,559$10,895$10,270$9,681$9,126$7,994
7 years$9,808$9,150$8,534$7,959$7,422$6,341
8 years$8,496$7,843$7,238$6,677$6,157$5,127
9 years$7,475$6,829$6,234$5,687$5,185$4,205
10 years$6,659$6,019$5,435$4,902$4,418$3,488
11 years$5,992$5,359$4,785$4,266$3,800$2,917
12 years$5,437$4,810$4,246$3,742$3,293$2,457
13 years$4,967$4,346$3,794$3,304$2,871$2,081
14 years$4,565$3,951$3,409$2,933$2,517$1,771
15 years$4,216$3,609$3,078$2,615$2,216$1,513
16 years$3,912$3,311$2,790$2,342$1,959$1,297
17 years$3,644$3,050$2,539$2,104$1,737$1,114
18 years$3,405$2,818$2,318$1,896$1,544$960
19 years$3,192$2,612$2,122$1,713$1,376$828
20 years$3,001$2,427$1,947$1,552$1,229$716
21 years$2,828$2,261$1,791$1,408$1,100$619
22 years$2,671$2,110$1,651$1,281$986$537
23 years$2,528$1,974$1,524$1,166$885$466
24 years$2,397$1,849$1,410$1,064$796$404
25 years$2,277$1,735$1,306$971$716$351
26 years$2,166$1,631$1,211$888$645$305
27 years$2,063$1,535$1,124$813$581$266
28 years$1,968$1,446$1,045$745$525$231
29 years$1,880$1,364$973$683$474$201
30 years$1,797$1,289$906$627$428$175
31 years$1,721$1,218$845$576$387$153
32 years$1,649$1,153$788$529$350$133
33 years$1,581$1,092$736$487$317$116
34 years$1,518$1,034$688$448$287$101
35 years$1,459$981$643$412$260$88
36 years$1,402$931$601$380$235$77
37 years$1,349$885$563$350$213$67
38 years$1,299$841$527$322$193$59
39 years$1,252$799$494$297$175$51
40 years$1,207$761$463$274$159$45
41 years$1,165$724$434$253$144$39
42 years$1,124$689$407$233$131$34
43 years$1,086$657$382$215$119$30
44 years$1,049$626$359$199$108$26
45 years$1,014$597$337$184$98$23
46 years$981$570$316$170$89$20
47 years$949$544$297$157$81$17
48 years$919$519$279$145$73$15
49 years$890$496$262$134$67$13
50 years$862$473$247$124$60$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $883,000, adding $4,269 every year, while hoping to spend $42,849 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: 60/15/25 Blend
63$883,000$883,000$883,000$883,000
64$977,469$930,670$916,984$1,029,331
65$1,031,580$930,682$902,112$1,065,114
66$1,089,774$929,259$885,306$1,099,136
67$1,152,423$926,284$866,455$1,135,335
68$1,219,934$921,635$845,445$1,173,930
69$1,292,754$915,183$822,154$1,215,167
70$1,371,377$906,788$796,458$1,259,318
71$1,456,342$896,305$768,224$1,306,681
72$1,548,243$883,579$737,314$1,357,591
73$1,647,734$868,445$703,585$1,412,415
74$1,755,533$850,729$666,885$1,471,563
75$1,872,429$830,246$627,056$1,535,487
76$1,999,290$806,801$583,936$1,604,688
77$2,137,070$780,187$537,351$1,679,720
78$2,286,821$750,185$487,121$1,761,196
79$2,449,697$716,565$433,060$1,849,797
80$2,626,969$679,080$374,971$1,946,273
81$2,820,036$637,471$312,649$2,051,455
82$3,030,437$591,464$245,880$2,166,263
83$3,259,866$540,771$174,441$2,291,714
84$3,510,187$485,083$98,100$2,428,932
85$3,783,452$424,078$16,612$2,579,161
86$4,081,920$357,413$0$2,743,773
87$4,408,076$284,727$0$2,943,055
88$4,764,660$205,638$0$3,165,868
89$5,154,684$119,743$0$3,409,705
90$5,581,467$26,617$0$3,676,692
91$6,048,665$0$0$3,969,175
92$6,560,299$0$0$4,301,984
93$7,120,803$0$0$4,671,465
94$7,735,055$0$0$5,076,449
95$8,408,431$0$0$5,520,490
96$9,146,851$0$0$6,007,499
97$9,956,832$0$0$6,541,786
98$10,845,558$0$0$7,128,099
99$11,820,937$0$0$7,771,665
100$12,891,682$0$0$8,478,245