Can I retire at age 64 with 859,000?

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 $859,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$70,935$70,304$69,687$69,085$68,498$67,981
2 years$35,117$34,463$33,829$33,214$32,618$32,097
3 years$23,178$22,522$21,889$21,281$20,694$20,185
4 years$17,211$16,556$15,930$15,331$14,759$14,266
5 years$13,631$12,980$12,362$11,776$11,220$10,743
6 years$11,245$10,599$9,991$9,417$8,878$8,419
7 years$9,542$8,901$8,302$7,743$7,220$6,780
8 years$8,265$7,630$7,041$6,495$5,990$5,568
9 years$7,272$6,643$6,064$5,532$5,044$4,640
10 years$6,478$5,856$5,287$4,769$4,298$3,911
11 years$5,829$5,213$4,655$4,150$3,696$3,327
12 years$5,289$4,679$4,131$3,640$3,203$2,851
13 years$4,832$4,228$3,691$3,214$2,793$2,458
14 years$4,441$3,843$3,316$2,853$2,449$2,130
15 years$4,102$3,511$2,994$2,544$2,156$1,853
16 years$3,806$3,221$2,714$2,278$1,905$1,618
17 years$3,545$2,967$2,470$2,047$1,689$1,417
18 years$3,313$2,741$2,255$1,845$1,502$1,244
19 years$3,106$2,541$2,064$1,667$1,339$1,095
20 years$2,919$2,361$1,894$1,510$1,196$966
21 years$2,751$2,199$1,742$1,370$1,070$853
22 years$2,598$2,053$1,606$1,246$959$754
23 years$2,459$1,920$1,483$1,135$861$668
24 years$2,332$1,799$1,371$1,035$774$592
25 years$2,215$1,688$1,270$945$696$526
26 years$2,107$1,587$1,178$864$627$467
27 years$2,007$1,493$1,094$791$566$415
28 years$1,915$1,407$1,017$725$510$369
29 years$1,829$1,327$946$665$461$329
30 years$1,749$1,254$881$610$416$293
31 years$1,674$1,185$822$560$376$261
32 years$1,604$1,121$767$515$341$233
33 years$1,538$1,062$716$473$308$207
34 years$1,477$1,006$669$436$279$185
35 years$1,419$955$625$401$253$165
36 years$1,364$906$585$369$229$147
37 years$1,313$860$548$340$208$132
38 years$1,264$818$513$314$188$117
39 years$1,218$778$480$289$171$105
40 years$1,174$740$450$267$155$94
41 years$1,133$704$422$246$140$84
42 years$1,094$671$396$227$127$75
43 years$1,056$639$372$210$116$67
44 years$1,021$609$349$194$105$60
45 years$987$581$328$179$95$53
46 years$954$554$308$165$87$48
47 years$923$529$289$153$79$43
48 years$894$505$272$141$71$38
49 years$866$482$255$130$65$34
50 years$839$461$240$120$59$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $859,000, adding $5,741 every year, while hoping to spend $43,218 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: 54/36/10 Blend
63$859,000$859,000$859,000$859,000
64$952,540$907,013$893,698$1,001,275
65$1,003,715$905,473$877,654$1,033,437
66$1,058,662$902,409$859,623$1,063,225
67$1,117,719$897,701$839,494$1,094,624
68$1,181,259$891,221$817,150$1,127,796
69$1,249,691$882,833$792,467$1,162,921
70$1,323,462$872,395$765,318$1,200,198
71$1,403,067$859,754$735,568$1,239,849
72$1,489,047$844,749$703,076$1,282,122
73$1,581,997$827,209$667,696$1,327,291
74$1,682,571$806,953$629,275$1,375,662
75$1,791,490$783,790$587,652$1,427,574
76$1,909,542$757,516$542,659$1,483,403
77$2,037,599$727,918$494,121$1,543,568
78$2,176,616$694,768$441,856$1,608,534
79$2,327,645$657,826$385,672$1,678,815
80$2,491,843$616,837$325,370$1,754,985
81$2,670,482$571,534$260,742$1,837,678
82$2,864,964$521,631$191,569$1,927,597
83$3,076,828$466,829$117,625$2,025,522
84$3,307,772$406,811$38,672$2,132,319
85$3,559,660$341,240$0$2,248,947
86$3,834,548$269,763$0$2,381,330
87$4,134,696$192,006$0$2,530,502
88$4,462,593$107,572$0$2,693,664
89$4,820,980$16,046$0$2,872,288
90$5,212,873$0$0$3,068,003
91$5,641,595$0$0$3,315,497
92$6,110,801$0$0$3,593,398
93$6,624,520$0$0$3,897,747
94$7,187,187$0$0$4,231,181
95$7,803,685$0$0$4,596,605
96$8,479,393$0$0$4,997,218
97$9,220,235$0$0$5,436,544
98$10,032,735$0$0$5,918,465
99$10,924,079$0$0$6,447,253
100$11,902,182$0$0$7,027,620