Can I retire at age 64 with 863,000?

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 $863,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$71,266$70,631$70,012$69,407$68,817$66,191
2 years$35,280$34,623$33,986$33,369$32,770$30,155
3 years$23,286$22,627$21,991$21,380$20,791$18,270
4 years$17,291$16,633$16,004$15,403$14,828$12,420
5 years$13,694$13,040$12,420$11,831$11,272$8,983
6 years$11,297$10,648$10,037$9,461$8,919$6,750
7 years$9,586$8,943$8,341$7,779$7,254$5,205
8 years$8,303$7,665$7,074$6,525$6,018$4,086
9 years$7,306$6,674$6,093$5,558$5,068$3,252
10 years$6,508$5,883$5,312$4,791$4,318$2,614
11 years$5,856$5,237$4,676$4,170$3,714$2,117
12 years$5,314$4,701$4,150$3,657$3,218$1,725
13 years$4,855$4,248$3,708$3,229$2,806$1,413
14 years$4,461$3,861$3,331$2,866$2,460$1,162
15 years$4,121$3,527$3,008$2,556$2,166$958
16 years$3,823$3,236$2,727$2,289$1,914$792
17 years$3,561$2,981$2,482$2,056$1,697$656
18 years$3,328$2,754$2,265$1,853$1,509$545
19 years$3,120$2,553$2,074$1,675$1,345$453
20 years$2,933$2,372$1,903$1,517$1,202$377
21 years$2,764$2,209$1,751$1,376$1,075$314
22 years$2,611$2,062$1,613$1,252$964$261
23 years$2,471$1,929$1,490$1,140$865$218
24 years$2,343$1,807$1,378$1,040$778$182
25 years$2,225$1,696$1,276$949$700$152
26 years$2,117$1,594$1,184$868$630$127
27 years$2,016$1,500$1,099$795$568$106
28 years$1,923$1,414$1,022$728$513$89
29 years$1,837$1,334$951$668$463$74
30 years$1,757$1,259$886$613$418$62
31 years$1,682$1,191$826$563$378$52
32 years$1,611$1,126$770$517$342$43
33 years$1,546$1,067$719$476$310$36
34 years$1,484$1,011$672$438$280$30
35 years$1,425$959$628$403$254$25
36 years$1,371$910$588$371$230$21
37 years$1,319$864$550$342$209$18
38 years$1,270$822$515$315$189$15
39 years$1,224$781$483$290$171$12
40 years$1,180$743$452$268$155$10
41 years$1,138$708$424$247$141$9
42 years$1,099$674$398$228$128$7
43 years$1,061$642$373$211$116$6
44 years$1,025$612$350$194$105$5
45 years$991$584$329$180$96$4
46 years$959$557$309$166$87$4
47 years$928$531$290$153$79$3
48 years$898$507$273$142$72$2
49 years$870$484$256$131$65$2
50 years$843$463$241$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $863,000, adding $5,193 every year, while hoping to spend $57,097 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: 66/20/14 Blend
63$863,000$863,000$863,000$863,000
64$956,383$910,644$897,267$1,016,037
65$993,183$894,514$866,575$1,040,386
66$1,031,823$875,681$832,941$1,059,828
67$1,072,431$853,951$796,206$1,079,650
68$1,115,144$829,120$756,204$1,099,886
69$1,160,114$800,973$712,762$1,120,574
70$1,207,505$769,279$665,699$1,141,761
71$1,257,494$733,798$614,824$1,163,497
72$1,310,278$694,273$559,940$1,185,843
73$1,366,068$650,434$500,839$1,208,866
74$1,425,096$601,995$437,306$1,232,643
75$1,487,615$548,652$369,115$1,257,264
76$1,553,902$490,085$296,031$1,282,827
77$1,624,258$425,958$217,806$1,309,446
78$1,699,013$355,911$134,184$1,337,250
79$1,778,530$279,568$44,897$1,366,383
80$1,863,204$196,531$0$1,397,009
81$1,953,467$106,377$0$1,436,839
82$2,049,794$8,663$0$1,486,202
83$2,152,704$0$0$1,538,661
84$2,262,766$0$0$1,615,893
85$2,380,606$0$0$1,700,659
86$2,506,906$0$0$1,791,550
87$2,642,419$0$0$1,889,110
88$2,787,967$0$0$1,993,938
89$2,944,457$0$0$2,106,691
90$3,112,880$0$0$2,228,090
91$3,294,327$0$0$2,358,927
92$3,489,996$0$0$2,500,072
93$3,701,201$0$0$2,652,481
94$3,929,390$0$0$2,817,203
95$4,176,149$0$0$2,995,394
96$4,443,226$0$0$3,188,321
97$4,732,539$0$0$3,397,380
98$5,046,200$0$0$3,624,103
99$5,386,529$0$0$3,870,179
100$5,756,078$0$0$4,137,462