Can I retire at age 64 with 890,000?

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 $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%13.4%
1 years$73,495$72,841$72,202$71,579$70,970$69,967
2 years$36,384$35,706$35,050$34,413$33,795$32,787
3 years$24,015$23,334$22,679$22,049$21,441$20,458
4 years$17,832$17,153$16,505$15,885$15,292$14,343
5 years$14,123$13,448$12,808$12,201$11,625$10,712
6 years$11,651$10,982$10,351$9,757$9,198$8,322
7 years$9,886$9,222$8,602$8,022$7,481$6,642
8 years$8,563$7,905$7,295$6,729$6,206$5,405
9 years$7,534$6,883$6,283$5,732$5,226$4,462
10 years$6,712$6,067$5,478$4,941$4,453$3,725
11 years$6,040$5,401$4,823$4,300$3,830$3,138
12 years$5,480$4,848$4,280$3,772$3,319$2,662
13 years$5,006$4,381$3,824$3,330$2,894$2,271
14 years$4,601$3,982$3,436$2,956$2,537$1,947
15 years$4,250$3,638$3,102$2,636$2,234$1,676
16 years$3,943$3,338$2,812$2,360$1,974$1,447
17 years$3,673$3,074$2,559$2,121$1,750$1,253
18 years$3,432$2,840$2,336$1,911$1,556$1,088
19 years$3,218$2,632$2,139$1,727$1,387$946
20 years$3,025$2,446$1,963$1,564$1,239$825
21 years$2,851$2,278$1,805$1,420$1,109$720
22 years$2,692$2,127$1,664$1,291$994$629
23 years$2,548$1,989$1,536$1,175$892$550
24 years$2,416$1,864$1,421$1,072$802$482
25 years$2,295$1,749$1,316$979$722$422
26 years$2,183$1,644$1,221$895$650$371
27 years$2,079$1,547$1,133$819$586$325
28 years$1,984$1,458$1,054$751$529$286
29 years$1,895$1,375$980$688$477$251
30 years$1,812$1,299$913$632$431$221
31 years$1,734$1,228$851$580$390$194
32 years$1,662$1,162$794$533$353$171
33 years$1,594$1,100$742$490$319$150
34 years$1,530$1,043$693$451$289$132
35 years$1,470$989$648$415$262$116
36 years$1,414$939$606$383$237$102
37 years$1,360$892$567$352$215$90
38 years$1,310$847$531$325$195$80
39 years$1,262$806$498$300$177$70
40 years$1,217$767$467$276$160$62
41 years$1,174$730$437$255$145$54
42 years$1,133$695$410$235$132$48
43 years$1,094$662$385$217$120$42
44 years$1,057$631$361$201$109$37
45 years$1,022$602$339$185$99$33
46 years$989$574$319$171$90$29
47 years$957$548$299$158$81$25
48 years$926$523$281$146$74$22
49 years$897$499$265$135$67$20
50 years$869$477$249$125$61$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $890,000, adding $4,299 every year, while hoping to spend $39,716 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: 81/14/5 Blend
63$890,000$890,000$890,000$890,000
64$985,214$938,044$924,249$1,064,540
65$1,043,449$941,751$912,954$1,120,738
66$1,106,292$944,308$899,950$1,176,658
67$1,174,172$945,618$885,136$1,236,801
68$1,247,560$945,575$868,410$1,301,566
69$1,326,972$944,069$849,663$1,371,395
70$1,412,977$940,983$828,781$1,446,770
71$1,506,201$936,191$805,645$1,528,225
72$1,607,330$929,561$780,131$1,616,349
73$1,717,120$920,952$752,108$1,711,788
74$1,836,403$910,215$721,440$1,815,257
75$1,966,093$897,193$687,985$1,927,540
76$2,107,196$881,717$651,594$2,049,503
77$2,260,819$863,610$612,112$2,182,102
78$2,428,181$842,686$569,376$2,326,387
79$2,610,622$818,743$523,217$2,483,518
80$2,809,617$791,573$473,456$2,654,770
81$3,026,789$760,952$419,908$2,841,551
82$3,263,927$726,644$362,380$3,045,413
83$3,522,997$688,399$300,670$3,268,065
84$3,806,167$645,955$234,566$3,511,391
85$4,115,820$599,031$163,848$3,777,467
86$4,454,583$547,332$88,286$4,068,581
87$4,825,346$490,547$7,640$4,387,258
88$5,231,294$428,347$0$4,736,278
89$5,675,932$360,382$0$5,122,888
90$6,163,121$286,284$0$5,546,992
91$6,697,113$205,666$0$6,011,918
92$7,282,591$118,116$0$6,521,787
93$7,924,712$23,200$0$7,081,140
94$8,629,158$0$0$7,694,979
95$9,402,185$0$0$8,381,073
96$10,250,685$0$0$9,138,099
97$11,182,251$0$0$9,969,259
98$12,205,246$0$0$10,882,019
99$13,328,882$0$0$11,884,601
100$14,563,308$0$0$12,986,064