Can I retire at age 64 with 895,000?

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 $895,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$73,908$73,250$72,608$71,981$71,369$70,919
2 years$36,588$35,907$35,246$34,606$33,985$33,531
3 years$24,150$23,466$22,807$22,172$21,561$21,118
4 years$17,932$17,250$16,597$15,974$15,378$14,948
5 years$14,202$13,524$12,880$12,270$11,690$11,275
6 years$11,716$11,043$10,409$9,812$9,250$8,850
7 years$9,942$9,274$8,650$8,067$7,523$7,138
8 years$8,611$7,950$7,336$6,767$6,241$5,872
9 years$7,577$6,922$6,318$5,764$5,256$4,902
10 years$6,750$6,101$5,509$4,969$4,478$4,140
11 years$6,074$5,431$4,850$4,324$3,851$3,528
12 years$5,511$4,875$4,304$3,793$3,337$3,029
13 years$5,035$4,406$3,845$3,349$2,910$2,617
14 years$4,627$4,004$3,455$2,973$2,551$2,272
15 years$4,274$3,658$3,119$2,651$2,246$1,980
16 years$3,965$3,356$2,828$2,374$1,985$1,733
17 years$3,693$3,091$2,574$2,133$1,760$1,521
18 years$3,452$2,856$2,349$1,922$1,565$1,338
19 years$3,236$2,647$2,151$1,737$1,395$1,180
20 years$3,042$2,460$1,974$1,573$1,246$1,043
21 years$2,867$2,291$1,816$1,428$1,115$923
22 years$2,707$2,139$1,673$1,298$1,000$818
23 years$2,562$2,000$1,545$1,182$897$726
24 years$2,429$1,874$1,429$1,078$806$646
25 years$2,307$1,759$1,323$985$726$574
26 years$2,195$1,653$1,227$900$654$511
27 years$2,091$1,556$1,140$824$589$456
28 years$1,995$1,466$1,060$755$532$406
29 years$1,905$1,383$986$692$480$363
30 years$1,822$1,306$918$635$434$324
31 years$1,744$1,235$856$584$392$289
32 years$1,671$1,168$799$536$355$258
33 years$1,603$1,106$746$493$321$231
34 years$1,539$1,049$697$454$291$207
35 years$1,478$995$652$418$263$185
36 years$1,421$944$610$385$239$165
37 years$1,368$897$571$354$216$148
38 years$1,317$852$534$327$196$132
39 years$1,269$810$501$301$178$119
40 years$1,224$771$469$278$161$106
41 years$1,180$734$440$256$146$95
42 years$1,139$699$413$237$133$85
43 years$1,100$666$387$218$120$76
44 years$1,063$635$363$202$109$68
45 years$1,028$605$341$186$99$61
46 years$994$577$321$172$90$55
47 years$962$551$301$159$82$49
48 years$931$526$283$147$74$44
49 years$902$502$266$136$68$40
50 years$874$480$250$125$61$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $895,000, adding $3,765 every year, while hoping to spend $55,142 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: 55/17/28 Blend
63$895,000$895,000$895,000$895,000
64$990,174$942,739$928,866$1,036,771
65$1,032,501$930,262$901,312$1,056,845
66$1,077,297$915,326$870,988$1,072,693
67$1,124,756$897,752$837,741$1,088,844
68$1,175,090$877,350$801,413$1,105,345
69$1,228,529$853,921$761,841$1,122,255
70$1,285,327$827,251$718,850$1,139,638
71$1,345,760$797,116$672,262$1,157,570
72$1,410,131$763,278$621,886$1,176,138
73$1,478,772$725,486$567,527$1,195,441
74$1,552,046$683,474$508,978$1,215,592
75$1,630,350$636,960$446,024$1,236,720
76$1,714,121$585,646$378,442$1,258,972
77$1,803,838$529,219$305,996$1,282,514
78$1,900,024$467,346$228,441$1,307,533
79$2,003,255$399,674$145,523$1,334,243
80$2,114,163$325,834$56,973$1,362,883
81$2,233,440$245,433$0$1,393,722
82$2,361,849$158,056$0$1,438,274
83$2,500,223$63,267$0$1,504,565
84$2,649,482$0$0$1,576,026
85$2,810,634$0$0$1,660,553
86$2,984,787$0$0$1,764,753
87$3,173,159$0$0$1,877,529
88$3,377,089$0$0$1,999,691
89$3,598,047$0$0$2,132,128
90$3,837,653$0$0$2,275,821
91$4,097,686$0$0$2,431,846
92$4,380,103$0$0$2,601,388
93$4,687,057$0$0$2,785,751
94$5,020,916$0$0$2,986,368
95$5,384,285$0$0$3,204,817
96$5,780,032$0$0$3,442,833
97$6,211,311$0$0$3,702,328
98$6,681,595$0$0$3,985,403
99$7,194,705$0$0$4,294,373
100$7,754,848$0$0$4,631,786