Can I retire at age 64 with 892,000?

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 $892,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$73,661$73,004$72,364$71,739$71,129$68,688
2 years$36,466$35,786$35,128$34,490$33,871$31,436
3 years$24,069$23,387$22,730$22,098$21,489$19,137
4 years$17,872$17,192$16,542$15,920$15,326$13,075
5 years$14,154$13,479$12,837$12,228$11,651$9,507
6 years$11,677$11,006$10,374$9,779$9,219$7,184
7 years$9,908$9,243$8,621$8,040$7,497$5,570
8 years$8,582$7,923$7,311$6,745$6,220$4,400
9 years$7,551$6,898$6,297$5,745$5,238$3,522
10 years$6,727$6,081$5,490$4,952$4,463$2,849
11 years$6,053$5,413$4,833$4,310$3,838$2,323
12 years$5,492$4,859$4,290$3,780$3,326$1,906
13 years$5,018$4,391$3,832$3,337$2,901$1,572
14 years$4,611$3,991$3,443$2,963$2,543$1,301
15 years$4,259$3,646$3,109$2,642$2,239$1,081
16 years$3,952$3,345$2,819$2,366$1,979$900
17 years$3,681$3,081$2,565$2,126$1,754$751
18 years$3,440$2,847$2,341$1,916$1,560$628
19 years$3,225$2,638$2,143$1,731$1,390$526
20 years$3,032$2,452$1,967$1,568$1,242$441
21 years$2,857$2,284$1,809$1,423$1,111$370
22 years$2,698$2,132$1,668$1,294$996$311
23 years$2,554$1,994$1,540$1,178$894$261
24 years$2,421$1,868$1,424$1,075$804$220
25 years$2,300$1,753$1,319$981$723$185
26 years$2,188$1,648$1,223$897$651$156
27 years$2,084$1,551$1,136$821$587$131
28 years$1,988$1,461$1,056$752$530$111
29 years$1,899$1,378$983$690$479$93
30 years$1,816$1,302$915$633$432$79
31 years$1,738$1,231$853$582$391$66
32 years$1,666$1,164$796$535$354$56
33 years$1,597$1,103$743$492$320$47
34 years$1,534$1,045$695$452$290$40
35 years$1,473$991$649$416$262$34
36 years$1,417$941$607$383$238$28
37 years$1,363$894$569$353$216$24
38 years$1,313$849$532$326$195$20
39 years$1,265$807$499$300$177$17
40 years$1,220$768$468$277$161$14
41 years$1,176$731$438$255$146$12
42 years$1,136$696$411$236$132$10
43 years$1,097$664$386$218$120$9
44 years$1,060$633$362$201$109$7
45 years$1,025$603$340$186$99$6
46 years$991$575$319$171$90$5
47 years$959$549$300$158$82$4
48 years$928$524$282$146$74$4
49 years$899$501$265$135$67$3
50 years$871$478$249$125$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $892,000, adding $2,565 every year, while hoping to spend $24,230 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: 49/37/14 Blend
63$892,000$892,000$892,000$892,000
64$985,630$938,354$924,528$1,030,001
65$1,060,384$958,553$929,719$1,081,027
66$1,141,950$978,929$934,272$1,133,698
67$1,230,999$999,466$938,140$1,190,374
68$1,328,266$1,020,146$941,273$1,251,439
69$1,434,564$1,040,947$943,620$1,317,316
70$1,550,784$1,061,849$945,126$1,388,470
71$1,677,911$1,082,826$945,735$1,465,415
72$1,817,026$1,103,853$945,386$1,548,716
73$1,969,323$1,124,902$944,016$1,638,998
74$2,136,112$1,145,941$941,559$1,736,947
75$2,318,841$1,166,937$937,946$1,843,322
76$2,519,101$1,187,855$933,105$1,958,957
77$2,738,645$1,208,655$926,960$2,084,773
78$2,979,404$1,229,297$919,431$2,221,786
79$3,243,505$1,249,734$910,433$2,371,115
80$3,533,291$1,269,919$899,881$2,533,993
81$3,851,342$1,289,801$887,683$2,711,779
82$4,200,500$1,309,322$873,741$2,905,975
83$4,583,896$1,328,425$857,957$3,118,232
84$5,004,980$1,347,044$840,225$3,350,373
85$5,467,550$1,365,111$820,435$3,604,407
86$5,975,793$1,382,554$798,472$3,882,550
87$6,534,319$1,399,294$774,215$4,187,244
88$7,148,207$1,415,247$747,540$4,521,181
89$7,823,055$1,430,325$718,313$4,887,329
90$8,565,028$1,444,433$686,398$5,288,962
91$9,380,919$1,457,468$651,650$5,729,686
92$10,278,212$1,469,323$613,920$6,213,481
93$11,265,152$1,479,883$573,049$6,744,731
94$12,350,825$1,489,024$528,874$7,328,270
95$13,545,241$1,496,618$481,222$7,969,429
96$14,859,428$1,502,525$429,916$8,674,082
97$16,305,538$1,506,597$374,766$9,448,708
98$17,896,960$1,508,678$315,578$10,300,448
99$19,648,448$1,508,600$252,148$11,237,173
100$21,576,256$1,506,188$184,261$12,267,562