Can I retire at age 64 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$73,495$72,841$72,202$71,579$70,970$69,254
2 years$36,384$35,706$35,050$34,413$33,795$32,077
3 years$24,015$23,334$22,679$22,049$21,441$19,774
4 years$17,832$17,153$16,505$15,885$15,292$13,689
5 years$14,123$13,448$12,808$12,201$11,625$10,090
6 years$11,651$10,982$10,351$9,757$9,198$7,734
7 years$9,886$9,222$8,602$8,022$7,481$6,086
8 years$8,563$7,905$7,295$6,729$6,206$4,881
9 years$7,534$6,883$6,283$5,732$5,226$3,970
10 years$6,712$6,067$5,478$4,941$4,453$3,264
11 years$6,040$5,401$4,823$4,300$3,830$2,706
12 years$5,480$4,848$4,280$3,772$3,319$2,259
13 years$5,006$4,381$3,824$3,330$2,894$1,896
14 years$4,601$3,982$3,436$2,956$2,537$1,598
15 years$4,250$3,638$3,102$2,636$2,234$1,352
16 years$3,943$3,338$2,812$2,360$1,974$1,147
17 years$3,673$3,074$2,559$2,121$1,750$976
18 years$3,432$2,840$2,336$1,911$1,556$832
19 years$3,218$2,632$2,139$1,727$1,387$710
20 years$3,025$2,446$1,963$1,564$1,239$607
21 years$2,851$2,278$1,805$1,420$1,109$520
22 years$2,692$2,127$1,664$1,291$994$446
23 years$2,548$1,989$1,536$1,175$892$383
24 years$2,416$1,864$1,421$1,072$802$329
25 years$2,295$1,749$1,316$979$722$282
26 years$2,183$1,644$1,221$895$650$243
27 years$2,079$1,547$1,133$819$586$209
28 years$1,984$1,458$1,054$751$529$180
29 years$1,895$1,375$980$688$477$155
30 years$1,812$1,299$913$632$431$133
31 years$1,734$1,228$851$580$390$115
32 years$1,662$1,162$794$533$353$99
33 years$1,594$1,100$742$490$319$85
34 years$1,530$1,043$693$451$289$73
35 years$1,470$989$648$415$262$63
36 years$1,414$939$606$383$237$55
37 years$1,360$892$567$352$215$47
38 years$1,310$847$531$325$195$41
39 years$1,262$806$498$300$177$35
40 years$1,217$767$467$276$160$30
41 years$1,174$730$437$255$145$26
42 years$1,133$695$410$235$132$22
43 years$1,094$662$385$217$120$19
44 years$1,057$631$361$201$109$17
45 years$1,022$602$339$185$99$14
46 years$989$574$319$171$90$12
47 years$957$548$299$158$81$11
48 years$926$523$281$146$74$9
49 years$897$499$265$135$67$8
50 years$869$477$249$125$61$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $890,000, adding $2,798 every year, while hoping to spend $48,450 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: 61/16/23 Blend
63$890,000$890,000$890,000$890,000
64$983,666$936,496$922,701$1,037,528
65$1,032,450$930,834$902,061$1,068,698
66$1,084,585$923,271$879,106$1,097,145
67$1,140,364$913,662$853,707$1,127,120
68$1,200,104$901,854$825,729$1,158,781
69$1,264,155$887,686$795,032$1,192,301
70$1,332,902$870,985$761,468$1,227,875
71$1,406,764$851,569$724,883$1,265,719
72$1,486,204$829,247$685,117$1,306,073
73$1,571,730$803,812$642,001$1,349,205
74$1,663,898$775,051$595,360$1,395,409
75$1,763,320$742,733$545,010$1,445,017
76$1,870,670$706,618$490,758$1,498,395
77$1,986,685$666,449$432,405$1,555,947
78$2,112,177$621,956$369,741$1,618,126
79$2,248,039$572,852$302,548$1,685,430
80$2,395,253$518,835$230,597$1,758,416
81$2,554,897$459,586$153,650$1,837,698
82$2,728,157$394,767$71,458$1,923,957
83$2,916,339$324,020$0$2,017,951
84$3,120,877$246,969$0$2,124,504
85$3,343,351$163,215$0$2,259,530
86$3,585,498$72,337$0$2,406,571
87$3,849,230$0$0$2,566,835
88$4,136,649$0$0$2,746,255
89$4,450,071$0$0$2,955,857
90$4,792,044$0$0$3,184,618
91$5,165,372$0$0$3,434,421
92$5,573,143$0$0$3,707,341
93$6,018,755$0$0$4,005,660
94$6,505,949$0$0$4,331,894
95$7,038,846$0$0$4,688,809
96$7,621,981$0$0$5,079,454
97$8,260,348$0$0$5,507,186
98$8,959,449$0$0$5,975,699
99$9,725,338$0$0$6,489,064
100$10,564,687$0$0$7,051,763