Can I retire at age 65 with 864,000?

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 $864,000?

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$71,348$70,713$70,093$69,488$68,897$67,286
2 years$35,321$34,663$34,026$33,407$32,808$31,194
3 years$23,313$22,653$22,017$21,404$20,815$19,248
4 years$17,311$16,652$16,023$15,421$14,845$13,339
5 years$13,710$13,055$12,434$11,845$11,285$9,842
6 years$11,311$10,661$10,049$9,472$8,930$7,552
7 years$9,597$8,953$8,350$7,788$7,262$5,950
8 years$8,313$7,674$7,082$6,533$6,025$4,777
9 years$7,314$6,682$6,100$5,565$5,074$3,890
10 years$6,516$5,890$5,318$4,797$4,323$3,202
11 years$5,863$5,243$4,682$4,175$3,718$2,659
12 years$5,320$4,706$4,155$3,662$3,222$2,222
13 years$4,860$4,253$3,712$3,233$2,810$1,867
14 years$4,467$3,866$3,335$2,870$2,463$1,576
15 years$4,126$3,531$3,011$2,559$2,168$1,335
16 years$3,828$3,240$2,730$2,291$1,916$1,134
17 years$3,565$2,984$2,484$2,059$1,699$966
18 years$3,332$2,757$2,268$1,855$1,511$825
19 years$3,124$2,555$2,076$1,677$1,347$706
20 years$2,936$2,375$1,905$1,518$1,203$604
21 years$2,767$2,212$1,753$1,378$1,076$518
22 years$2,614$2,065$1,615$1,253$965$445
23 years$2,474$1,931$1,491$1,141$866$382
24 years$2,345$1,809$1,379$1,041$779$329
25 years$2,228$1,698$1,278$951$701$283
26 years$2,119$1,596$1,185$869$631$244
27 years$2,019$1,502$1,100$795$569$210
28 years$1,926$1,415$1,023$729$513$181
29 years$1,839$1,335$952$668$464$156
30 years$1,759$1,261$887$613$419$135
31 years$1,684$1,192$827$563$379$116
32 years$1,613$1,128$771$518$343$100
33 years$1,547$1,068$720$476$310$87
34 years$1,485$1,012$673$438$281$75
35 years$1,427$960$629$403$254$65
36 years$1,372$911$588$371$230$56
37 years$1,320$865$551$342$209$48
38 years$1,271$823$516$315$189$42
39 years$1,225$782$483$291$172$36
40 years$1,181$744$453$268$156$31
41 years$1,140$708$425$247$141$27
42 years$1,100$675$398$228$128$23
43 years$1,062$643$374$211$116$20
44 years$1,027$613$351$195$106$17
45 years$992$584$329$180$96$15
46 years$960$557$309$166$87$13
47 years$929$532$291$153$79$11
48 years$899$508$273$142$72$10
49 years$871$485$257$131$65$8
50 years$844$463$241$121$59$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $864,000, adding $3,086 every year, while hoping to spend $49,228 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: 48/34/18 Blend
64$864,000$864,000$864,000$864,000
65$955,311$909,519$896,127$996,189
66$1,000,375$901,707$873,769$1,017,061
67$1,048,385$891,863$849,012$1,034,458
68$1,099,590$879,834$821,724$1,052,299
69$1,154,263$865,461$791,767$1,070,645
70$1,212,701$848,572$758,994$1,089,566
71$1,275,233$828,988$723,257$1,109,144
72$1,342,216$806,517$684,395$1,129,469
73$1,414,043$780,959$642,244$1,150,649
74$1,491,148$752,097$596,631$1,172,802
75$1,574,002$719,708$547,376$1,196,065
76$1,663,127$683,549$494,289$1,220,592
77$1,759,092$643,370$437,174$1,246,560
78$1,862,525$598,900$375,825$1,274,165
79$1,974,114$549,858$310,027$1,303,631
80$2,094,616$495,944$239,555$1,335,210
81$2,224,863$436,841$164,176$1,369,185
82$2,365,767$372,214$83,644$1,405,875
83$2,518,334$301,711$0$1,445,637
84$2,683,667$224,958$0$1,489,316
85$2,862,980$141,560$0$1,554,091
86$3,057,610$51,102$0$1,624,439
87$3,269,023$0$0$1,700,980
88$3,498,836$0$0$1,801,932
89$3,748,826$0$0$1,932,629
90$4,020,948$0$0$2,074,984
91$4,317,353$0$0$2,230,135
92$4,640,409$0$0$2,399,331
93$4,992,721$0$0$2,583,949
94$5,377,157$0$0$2,785,505
95$5,796,873$0$0$3,005,666
96$6,255,345$0$0$3,246,269
97$6,756,398$0$0$3,509,335
98$7,304,243$0$0$3,797,091
99$7,903,517$0$0$4,111,986
100$8,559,325$0$0$4,456,719