Can I retire at age 64 with 899,000?

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 $899,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$74,239$73,577$72,932$72,302$71,688$70,011
2 years$36,752$36,067$35,404$34,761$34,137$32,458
3 years$24,258$23,570$22,909$22,272$21,658$20,028
4 years$18,012$17,327$16,672$16,045$15,447$13,879
5 years$14,266$13,584$12,938$12,324$11,742$10,241
6 years$11,769$11,093$10,456$9,856$9,291$7,858
7 years$9,986$9,316$8,689$8,103$7,556$6,191
8 years$8,650$7,985$7,369$6,797$6,269$4,971
9 years$7,611$6,953$6,347$5,790$5,279$4,048
10 years$6,780$6,128$5,533$4,991$4,498$3,332
11 years$6,101$5,456$4,871$4,344$3,868$2,766
12 years$5,535$4,897$4,323$3,810$3,352$2,312
13 years$5,057$4,425$3,862$3,364$2,923$1,943
14 years$4,647$4,022$3,470$2,986$2,563$1,640
15 years$4,293$3,675$3,133$2,663$2,256$1,389
16 years$3,983$3,371$2,841$2,384$1,994$1,180
17 years$3,710$3,105$2,585$2,142$1,768$1,006
18 years$3,467$2,869$2,360$1,931$1,572$858
19 years$3,250$2,659$2,160$1,744$1,401$734
20 years$3,055$2,471$1,983$1,580$1,252$629
21 years$2,879$2,302$1,824$1,434$1,120$539
22 years$2,719$2,148$1,681$1,304$1,004$463
23 years$2,574$2,009$1,552$1,187$901$398
24 years$2,440$1,883$1,435$1,083$810$342
25 years$2,318$1,767$1,329$989$729$295
26 years$2,205$1,660$1,233$904$657$254
27 years$2,100$1,563$1,145$828$592$219
28 years$2,004$1,473$1,064$758$534$188
29 years$1,914$1,389$990$695$482$162
30 years$1,830$1,312$923$638$436$140
31 years$1,752$1,240$860$586$394$121
32 years$1,679$1,173$802$539$356$104
33 years$1,610$1,111$749$495$323$90
34 years$1,546$1,053$700$456$292$78
35 years$1,485$999$654$420$265$67
36 years$1,428$948$612$386$240$58
37 years$1,374$901$573$356$217$50
38 years$1,323$856$537$328$197$43
39 years$1,275$814$503$303$179$37
40 years$1,229$774$471$279$162$32
41 years$1,186$737$442$258$147$28
42 years$1,145$702$415$238$133$24
43 years$1,105$669$389$219$121$21
44 years$1,068$638$365$203$110$18
45 years$1,033$608$343$187$100$16
46 years$999$580$322$173$91$13
47 years$966$553$302$160$82$12
48 years$936$528$284$148$75$10
49 years$906$505$267$136$68$9
50 years$878$482$251$126$62$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $899,000, adding $6,244 every year, while hoping to spend $31,425 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: 69/10/21 Blend
63$899,000$899,000$899,000$899,000
64$997,139$949,492$935,557$1,060,324
65$1,065,411$962,581$933,462$1,116,438
66$1,139,594$975,258$930,244$1,173,563
67$1,220,257$987,470$925,832$1,235,311
68$1,308,026$999,160$920,151$1,302,135
69$1,403,593$1,010,267$913,124$1,374,537
70$1,507,715$1,020,725$904,669$1,453,069
71$1,621,228$1,030,466$894,701$1,538,342
72$1,745,050$1,039,416$883,130$1,631,025
73$1,880,193$1,047,496$869,864$1,731,862
74$2,027,771$1,054,622$854,803$1,841,667
75$2,189,010$1,060,704$837,845$1,961,342
76$2,365,259$1,065,649$818,882$2,091,880
77$2,558,004$1,069,354$797,803$2,234,375
78$2,768,881$1,071,713$774,490$2,390,035
79$2,999,691$1,072,611$748,820$2,560,191
80$3,252,418$1,071,927$720,664$2,746,310
81$3,529,245$1,069,533$689,887$2,950,012
82$3,832,580$1,065,291$656,349$3,173,080
83$4,165,070$1,059,057$619,904$3,417,481
84$4,529,633$1,050,677$580,397$3,685,386
85$4,929,483$1,039,988$537,668$3,979,185
86$5,368,159$1,026,816$491,548$4,301,516
87$5,849,560$1,010,979$441,864$4,655,286
88$6,377,981$992,282$388,432$5,043,699
89$6,958,150$970,520$331,060$5,470,291
90$7,595,280$945,474$269,549$5,938,957
91$8,295,111$916,914$203,691$6,453,993
92$9,063,965$884,595$133,267$7,020,134
93$9,908,809$848,260$58,051$7,642,600
94$10,837,317$807,634$0$8,327,148
95$11,857,944$762,429$0$9,085,100
96$12,980,004$712,338$0$9,932,678
97$14,213,759$657,038$0$10,864,629
98$15,570,517$596,186$0$11,889,514
99$17,062,732$529,422$0$13,016,767
100$18,704,131$456,364$0$14,256,782