Can I retire at age 64 with 891,000?

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 $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%11.9%
1 years$73,578$72,923$72,283$71,659$71,050$70,484
2 years$36,425$35,746$35,089$34,451$33,833$33,263
3 years$24,042$23,361$22,705$22,073$21,465$20,908
4 years$17,852$17,173$16,523$15,903$15,309$14,769
5 years$14,139$13,463$12,823$12,215$11,638$11,117
6 years$11,664$10,994$10,363$9,768$9,209$8,707
7 years$9,897$9,233$8,611$8,031$7,489$7,008
8 years$8,573$7,914$7,303$6,737$6,213$5,751
9 years$7,543$6,891$6,290$5,738$5,232$4,790
10 years$6,720$6,074$5,484$4,947$4,458$4,036
11 years$6,046$5,407$4,828$4,305$3,834$3,431
12 years$5,486$4,853$4,285$3,776$3,323$2,938
13 years$5,012$4,386$3,828$3,334$2,897$2,532
14 years$4,606$3,987$3,440$2,959$2,540$2,192
15 years$4,255$3,642$3,105$2,639$2,236$1,906
16 years$3,947$3,341$2,816$2,363$1,976$1,663
17 years$3,677$3,077$2,562$2,123$1,752$1,456
18 years$3,436$2,843$2,339$1,913$1,558$1,277
19 years$3,221$2,635$2,141$1,729$1,389$1,123
20 years$3,028$2,449$1,965$1,566$1,240$990
21 years$2,854$2,281$1,807$1,421$1,110$873
22 years$2,695$2,129$1,666$1,292$995$772
23 years$2,551$1,991$1,538$1,177$893$683
24 years$2,419$1,866$1,422$1,073$803$605
25 years$2,297$1,751$1,317$980$722$537
26 years$2,185$1,646$1,222$896$651$476
27 years$2,082$1,549$1,135$820$587$423
28 years$1,986$1,459$1,055$752$529$376
29 years$1,897$1,377$982$689$478$335
30 years$1,814$1,300$914$633$432$298
31 years$1,736$1,229$852$581$391$265
32 years$1,664$1,163$795$534$353$236
33 years$1,596$1,101$743$491$320$210
34 years$1,532$1,044$694$452$289$188
35 years$1,472$990$649$416$262$167
36 years$1,415$940$607$383$238$149
37 years$1,362$893$568$353$215$133
38 years$1,311$848$532$325$195$119
39 years$1,263$807$498$300$177$106
40 years$1,218$767$467$277$161$94
41 years$1,175$730$438$255$146$84
42 years$1,134$696$411$236$132$75
43 years$1,096$663$385$217$120$67
44 years$1,059$632$362$201$109$60
45 years$1,023$603$340$185$99$54
46 years$990$575$319$171$90$48
47 years$958$549$300$158$81$43
48 years$927$524$282$146$74$38
49 years$898$500$265$135$67$34
50 years$870$478$249$125$61$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $891,000, adding $5,970 every year, while hoping to spend $58,705 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: 67/26/7 Blend
63$891,000$891,000$891,000$891,000
64$988,040$940,817$927,007$1,052,658
65$1,026,358$924,455$895,600$1,079,941
66$1,066,618$905,325$861,173$1,102,121
67$1,108,954$883,227$823,564$1,124,801
68$1,153,515$857,953$782,601$1,148,021
69$1,200,462$829,281$738,106$1,171,825
70$1,249,970$796,977$689,894$1,196,266
71$1,302,231$760,792$637,769$1,221,403
72$1,357,452$720,464$581,528$1,247,305
73$1,415,861$675,716$520,958$1,274,048
74$1,477,706$626,253$455,837$1,301,720
75$1,543,258$571,766$385,934$1,330,419
76$1,612,814$511,925$311,006$1,360,257
77$1,686,696$446,386$230,800$1,391,360
78$1,765,261$374,780$145,053$1,423,872
79$1,848,894$296,720$53,489$1,457,953
80$1,938,020$211,799$0$1,493,785
81$2,033,104$119,583$0$1,534,874
82$2,134,655$19,617$0$1,582,624
83$2,243,231$0$0$1,633,317
84$2,359,443$0$0$1,712,609
85$2,483,962$0$0$1,803,618
86$2,617,523$0$0$1,901,274
87$2,760,934$0$0$2,006,173
88$2,915,080$0$0$2,118,966
89$3,080,933$0$0$2,240,372
90$3,259,562$0$0$2,371,177
91$3,452,139$0$0$2,512,246
92$3,659,951$0$0$2,664,529
93$3,884,415$0$0$2,829,071
94$4,127,086$0$0$3,007,017
95$4,389,672$0$0$3,199,630
96$4,674,053$0$0$3,408,294
97$4,982,295$0$0$3,634,535
98$5,316,670$0$0$3,880,029
99$5,679,676$0$0$4,146,618
100$6,074,060$0$0$4,436,330