Can I retire at age 64 with 891,000?

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 $891,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$73,578$72,923$72,283$71,659$71,050$70,720
2 years$36,425$35,746$35,089$34,451$33,833$33,501
3 years$24,042$23,361$22,705$22,073$21,465$21,140
4 years$17,852$17,173$16,523$15,903$15,309$14,994
5 years$14,139$13,463$12,823$12,215$11,638$11,333
6 years$11,664$10,994$10,363$9,768$9,209$8,915
7 years$9,897$9,233$8,611$8,031$7,489$7,207
8 years$8,573$7,914$7,303$6,737$6,213$5,942
9 years$7,543$6,891$6,290$5,738$5,232$4,972
10 years$6,720$6,074$5,484$4,947$4,458$4,209
11 years$6,046$5,407$4,828$4,305$3,834$3,596
12 years$5,486$4,853$4,285$3,776$3,323$3,095
13 years$5,012$4,386$3,828$3,334$2,897$2,680
14 years$4,606$3,987$3,440$2,959$2,540$2,333
15 years$4,255$3,642$3,105$2,639$2,236$2,039
16 years$3,947$3,341$2,816$2,363$1,976$1,789
17 years$3,677$3,077$2,562$2,123$1,752$1,574
18 years$3,436$2,843$2,339$1,913$1,558$1,389
19 years$3,221$2,635$2,141$1,729$1,389$1,229
20 years$3,028$2,449$1,965$1,566$1,240$1,089
21 years$2,854$2,281$1,807$1,421$1,110$967
22 years$2,695$2,129$1,666$1,292$995$860
23 years$2,551$1,991$1,538$1,177$893$765
24 years$2,419$1,866$1,422$1,073$803$682
25 years$2,297$1,751$1,317$980$722$609
26 years$2,185$1,646$1,222$896$651$544
27 years$2,082$1,549$1,135$820$587$486
28 years$1,986$1,459$1,055$752$529$435
29 years$1,897$1,377$982$689$478$389
30 years$1,814$1,300$914$633$432$349
31 years$1,736$1,229$852$581$391$312
32 years$1,664$1,163$795$534$353$280
33 years$1,596$1,101$743$491$320$251
34 years$1,532$1,044$694$452$289$225
35 years$1,472$990$649$416$262$202
36 years$1,415$940$607$383$238$182
37 years$1,362$893$568$353$215$163
38 years$1,311$848$532$325$195$146
39 years$1,263$807$498$300$177$132
40 years$1,218$767$467$277$161$118
41 years$1,175$730$438$255$146$106
42 years$1,134$696$411$236$132$96
43 years$1,096$663$385$217$120$86
44 years$1,059$632$362$201$109$77
45 years$1,023$603$340$185$99$69
46 years$990$575$319$171$90$62
47 years$958$549$300$158$81$56
48 years$927$524$282$146$74$51
49 years$898$500$265$135$67$45
50 years$870$478$249$125$61$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $891,000, adding $6,270 every year, while hoping to spend $54,804 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: 60/33/7 Blend
63$891,000$891,000$891,000$891,000
64$988,350$941,127$927,316$1,045,858
65$1,030,850$928,931$900,070$1,072,930
66$1,075,849$914,300$870,075$1,095,595
67$1,123,543$897,059$837,180$1,118,933
68$1,174,148$877,018$801,228$1,143,010
69$1,227,898$853,979$762,057$1,167,901
70$1,285,052$827,732$719,493$1,193,692
71$1,345,890$798,054$673,359$1,220,478
72$1,410,721$764,709$623,468$1,248,368
73$1,479,883$727,448$569,622$1,277,486
74$1,553,745$686,007$511,619$1,307,969
75$1,632,713$640,107$449,244$1,339,975
76$1,717,232$589,454$382,275$1,373,679
77$1,807,787$533,735$310,479$1,409,278
78$1,904,914$472,621$233,613$1,446,994
79$2,009,199$405,763$151,423$1,487,076
80$2,121,286$332,794$63,644$1,529,804
81$2,241,881$253,325$0$1,575,490
82$2,371,759$166,944$0$1,626,727
83$2,511,774$73,219$0$1,686,882
84$2,662,859$0$0$1,751,658
85$2,826,044$0$0$1,831,846
86$3,002,459$0$0$1,947,334
87$3,193,345$0$0$2,072,354
88$3,400,067$0$0$2,207,807
89$3,624,126$0$0$2,354,685
90$3,867,173$0$0$2,514,078
91$4,131,023$0$0$2,687,184
92$4,417,671$0$0$2,875,322
93$4,729,313$0$0$3,079,942
94$5,068,366$0$0$3,302,641
95$5,437,487$0$0$3,545,174
96$5,839,602$0$0$3,809,474
97$6,277,927$0$0$4,097,668
98$6,756,007$0$0$4,412,095
99$7,277,739$0$0$4,755,333
100$7,847,416$0$0$5,130,217