Can I retire at age 64 with 886,000?

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 $886,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$73,165$72,513$71,877$71,257$70,651$69,111
2 years$36,220$35,546$34,892$34,258$33,643$32,100
3 years$23,907$23,230$22,577$21,950$21,345$19,846
4 years$17,752$17,076$16,431$15,813$15,223$13,780
5 years$14,059$13,388$12,751$12,146$11,572$10,190
6 years$11,599$10,932$10,305$9,713$9,157$7,836
7 years$9,842$9,181$8,563$7,986$7,447$6,187
8 years$8,524$7,870$7,262$6,699$6,178$4,980
9 years$7,501$6,852$6,255$5,706$5,203$4,065
10 years$6,682$6,040$5,453$4,919$4,433$3,354
11 years$6,013$5,377$4,801$4,281$3,813$2,792
12 years$5,455$4,826$4,261$3,755$3,304$2,339
13 years$4,984$4,361$3,807$3,315$2,881$1,971
14 years$4,580$3,964$3,420$2,943$2,526$1,668
15 years$4,231$3,621$3,088$2,624$2,224$1,417
16 years$3,925$3,323$2,800$2,350$1,965$1,208
17 years$3,656$3,060$2,548$2,111$1,743$1,032
18 years$3,417$2,828$2,326$1,903$1,549$883
19 years$3,203$2,621$2,129$1,719$1,381$758
20 years$3,011$2,435$1,954$1,557$1,234$651
21 years$2,838$2,268$1,797$1,413$1,104$560
22 years$2,680$2,117$1,656$1,285$989$482
23 years$2,536$1,980$1,529$1,170$888$416
24 years$2,405$1,855$1,414$1,067$798$359
25 years$2,284$1,741$1,310$975$718$310
26 years$2,173$1,636$1,215$891$647$268
27 years$2,070$1,540$1,128$816$583$231
28 years$1,975$1,451$1,049$747$526$200
29 years$1,886$1,369$976$685$475$173
30 years$1,804$1,293$909$629$430$150
31 years$1,726$1,222$848$578$388$130
32 years$1,654$1,156$791$531$351$112
33 years$1,587$1,095$738$488$318$97
34 years$1,523$1,038$690$449$288$84
35 years$1,463$985$645$414$261$73
36 years$1,407$934$603$381$236$63
37 years$1,354$888$565$351$214$55
38 years$1,304$843$529$323$194$47
39 years$1,256$802$496$298$176$41
40 years$1,211$763$464$275$160$36
41 years$1,169$726$435$254$145$31
42 years$1,128$692$409$234$131$27
43 years$1,089$659$383$216$119$23
44 years$1,053$628$360$200$108$20
45 years$1,018$599$338$184$98$17
46 years$984$572$317$170$89$15
47 years$952$545$298$157$81$13
48 years$922$521$280$145$74$11
49 years$893$497$263$134$67$10
50 years$865$475$248$124$61$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $886,000, adding $6,823 every year, while hoping to spend $38,990 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: 79/11/10 Blend
63$886,000$886,000$886,000$886,000
64$983,410$936,452$922,719$1,058,929
65$1,042,233$940,853$912,145$1,113,888
66$1,105,749$944,163$899,910$1,168,417
67$1,174,395$946,287$885,917$1,227,099
68$1,248,653$947,125$870,065$1,290,329
69$1,329,052$946,570$852,248$1,358,545
70$1,416,171$944,508$832,355$1,432,228
71$1,510,651$940,819$810,269$1,511,908
72$1,613,193$935,375$785,869$1,598,170
73$1,724,572$928,041$759,028$1,691,659
74$1,845,636$918,673$729,613$1,793,083
75$1,977,321$907,119$697,486$1,903,226
76$2,120,656$893,216$662,500$2,022,950
77$2,276,773$876,794$624,504$2,153,205
78$2,446,918$857,671$583,339$2,295,038
79$2,632,462$835,655$538,839$2,449,605
80$2,834,915$810,544$490,832$2,618,177
81$3,055,937$782,121$439,135$2,802,157
82$3,297,356$750,159$383,560$3,003,092
83$3,561,187$714,416$323,909$3,222,686
84$3,849,644$674,639$259,977$3,462,818
85$4,165,168$630,557$191,546$3,725,558
86$4,510,446$581,885$118,394$4,013,191
87$4,888,436$528,321$40,284$4,328,232
88$5,302,395$469,548$0$4,673,455
89$5,755,911$405,228$0$5,056,515
90$6,252,935$335,005$0$5,481,073
91$6,797,819$258,504$0$5,946,570
92$7,395,353$175,328$0$6,457,133
93$8,050,817$85,057$0$7,017,308
94$8,770,024$0$0$7,632,105
95$9,559,378$0$0$8,308,589
96$10,425,932$0$0$9,062,566
97$11,377,457$0$0$9,890,502
98$12,422,513$0$0$10,799,850
99$13,570,527$0$0$11,798,818
100$14,831,888$0$0$12,896,448