Can I retire at age 64 with 887,000?

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 $887,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$73,248$72,595$71,959$71,337$70,731$69,473
2 years$36,261$35,586$34,931$34,297$33,681$32,419
3 years$23,934$23,256$22,603$21,974$21,369$20,140
4 years$17,772$17,095$16,449$15,831$15,240$14,056
5 years$14,075$13,403$12,765$12,160$11,585$10,448
6 years$11,612$10,945$10,316$9,724$9,167$8,078
7 years$9,853$9,191$8,573$7,995$7,455$6,415
8 years$8,534$7,879$7,270$6,707$6,185$5,193
9 years$7,509$6,860$6,262$5,713$5,209$4,264
10 years$6,689$6,047$5,459$4,924$4,438$3,541
11 years$6,019$5,383$4,806$4,286$3,817$2,965
12 years$5,461$4,831$4,265$3,759$3,308$2,501
13 years$4,990$4,366$3,811$3,319$2,884$2,121
14 years$4,585$3,969$3,424$2,946$2,528$1,808
15 years$4,236$3,625$3,092$2,627$2,226$1,546
16 years$3,930$3,326$2,803$2,352$1,967$1,327
17 years$3,660$3,063$2,551$2,114$1,745$1,142
18 years$3,421$2,831$2,328$1,905$1,551$985
19 years$3,207$2,623$2,131$1,721$1,383$851
20 years$3,015$2,438$1,956$1,559$1,235$737
21 years$2,841$2,271$1,799$1,415$1,105$639
22 years$2,683$2,120$1,658$1,286$991$554
23 years$2,539$1,983$1,531$1,172$889$482
24 years$2,408$1,857$1,416$1,068$799$419
25 years$2,287$1,743$1,312$976$719$364
26 years$2,175$1,638$1,216$892$648$317
27 years$2,072$1,542$1,130$817$584$277
28 years$1,977$1,453$1,050$748$527$241
29 years$1,888$1,371$977$686$476$210
30 years$1,806$1,294$910$630$430$184
31 years$1,728$1,224$849$578$389$160
32 years$1,656$1,158$792$532$352$140
33 years$1,588$1,096$739$489$318$122
34 years$1,525$1,039$691$450$288$107
35 years$1,465$986$646$414$261$93
36 years$1,409$936$604$381$236$81
37 years$1,356$889$565$351$214$71
38 years$1,305$844$529$324$194$62
39 years$1,258$803$496$299$176$54
40 years$1,213$764$465$275$160$48
41 years$1,170$727$436$254$145$42
42 years$1,129$693$409$234$132$36
43 years$1,091$660$384$216$119$32
44 years$1,054$629$360$200$108$28
45 years$1,019$600$338$185$98$24
46 years$985$572$318$170$89$21
47 years$954$546$298$158$81$19
48 years$923$521$280$146$74$16
49 years$894$498$264$135$67$14
50 years$866$476$248$124$61$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $887,000, adding $2,028 every year, while hoping to spend $21,746 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: 59/29/12 Blend
63$887,000$887,000$887,000$887,000
64$979,566$932,555$918,806$1,034,373
65$1,056,344$955,112$926,449$1,094,081
66$1,140,225$978,047$933,618$1,156,542
67$1,231,909$1,001,353$940,276$1,224,128
68$1,332,171$1,025,025$946,382$1,297,335
69$1,441,858$1,049,058$951,892$1,376,709
70$1,561,909$1,073,443$956,762$1,462,850
71$1,693,354$1,098,172$960,944$1,556,421
72$1,837,329$1,123,235$964,388$1,658,151
73$1,995,083$1,148,620$967,041$1,768,842
74$2,167,994$1,174,315$968,850$1,889,380
75$2,357,579$1,200,306$969,756$2,020,739
76$2,565,507$1,226,576$969,698$2,163,992
77$2,793,619$1,253,109$968,613$2,320,323
78$3,043,941$1,279,884$966,434$2,491,035
79$3,318,705$1,306,880$963,092$2,677,565
80$3,620,370$1,334,074$958,512$2,881,494
81$3,951,644$1,361,440$952,619$3,104,567
82$4,315,511$1,388,950$945,331$3,348,705
83$4,715,257$1,416,573$936,564$3,616,025
84$5,154,504$1,444,276$926,229$3,908,860
85$5,637,240$1,472,022$914,235$4,229,782
86$6,167,860$1,499,772$900,483$4,581,623
87$6,751,206$1,527,485$884,873$4,967,507
88$7,392,611$1,555,113$867,298$5,390,873
89$8,097,951$1,582,608$847,647$5,855,515
90$8,873,702$1,609,916$825,803$6,365,612
91$9,726,998$1,636,980$801,645$6,925,768
92$10,665,696$1,663,737$775,045$7,541,060
93$11,698,459$1,690,121$745,871$8,217,082
94$12,834,826$1,716,062$713,982$8,959,998
95$14,085,311$1,741,482$679,233$9,776,602
96$15,461,498$1,766,299$641,472$10,674,383
97$16,976,149$1,790,426$600,540$11,661,592
98$18,643,329$1,813,770$556,271$12,747,324
99$20,478,533$1,836,229$508,490$13,941,602
100$22,498,835$1,857,696$457,016$15,255,473