Can I retire at age 64 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$71,679$71,040$70,417$69,809$69,216$66,496
2 years$35,484$34,824$34,183$33,562$32,960$30,253
3 years$23,421$22,758$22,119$21,504$20,911$18,302
4 years$17,391$16,729$16,097$15,492$14,914$12,423
5 years$13,774$13,116$12,492$11,899$11,337$8,971
6 years$11,363$10,710$10,095$9,516$8,971$6,730
7 years$9,642$8,994$8,389$7,824$7,296$5,180
8 years$8,351$7,710$7,115$6,563$6,052$4,060
9 years$7,348$6,713$6,128$5,590$5,097$3,225
10 years$6,546$5,917$5,342$4,819$4,343$2,587
11 years$5,890$5,268$4,703$4,194$3,735$2,092
12 years$5,344$4,728$4,174$3,679$3,237$1,701
13 years$4,883$4,273$3,729$3,248$2,823$1,390
14 years$4,487$3,884$3,351$2,883$2,474$1,141
15 years$4,145$3,548$3,025$2,571$2,178$939
16 years$3,846$3,255$2,743$2,302$1,925$774
17 years$3,582$2,998$2,496$2,068$1,707$640
18 years$3,348$2,770$2,278$1,864$1,518$530
19 years$3,138$2,567$2,086$1,684$1,353$440
20 years$2,950$2,386$1,914$1,525$1,208$365
21 years$2,780$2,222$1,761$1,384$1,081$303
22 years$2,626$2,074$1,623$1,259$969$252
23 years$2,485$1,940$1,498$1,146$870$210
24 years$2,356$1,818$1,386$1,046$782$175
25 years$2,238$1,706$1,283$955$704$145
26 years$2,129$1,603$1,190$873$634$121
27 years$2,028$1,509$1,105$799$572$101
28 years$1,935$1,422$1,028$732$516$84
29 years$1,848$1,341$956$671$466$70
30 years$1,767$1,267$891$616$421$59
31 years$1,691$1,197$830$566$380$49
32 years$1,621$1,133$775$520$344$41
33 years$1,554$1,073$723$478$311$34
34 years$1,492$1,017$676$440$282$28
35 years$1,434$965$632$405$255$24
36 years$1,379$915$591$373$231$20
37 years$1,327$870$553$344$210$16
38 years$1,277$826$518$317$190$14
39 years$1,231$786$485$292$172$11
40 years$1,187$748$455$269$156$10
41 years$1,145$712$427$249$142$8
42 years$1,105$678$400$229$129$7
43 years$1,067$646$376$212$117$6
44 years$1,031$616$353$196$106$5
45 years$997$587$331$181$96$4
46 years$964$560$311$167$87$3
47 years$933$534$292$154$79$3
48 years$903$510$274$142$72$2
49 years$875$487$258$132$65$2
50 years$847$465$243$122$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $868,000, adding $2,487 every year, while hoping to spend $22,599 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: 48/26/26 Blend
63$868,000$868,000$868,000$868,000
64$959,101$913,097$899,643$997,927
65$1,032,885$933,794$905,736$1,046,111
66$1,113,436$954,747$911,276$1,095,976
67$1,201,423$975,946$916,220$1,149,683
68$1,297,578$997,378$920,523$1,207,604
69$1,402,710$1,019,028$924,140$1,270,149
70$1,517,708$1,040,882$927,020$1,337,774
71$1,643,551$1,062,922$929,112$1,410,975
72$1,781,318$1,085,130$930,362$1,490,306
73$1,932,196$1,107,485$930,713$1,576,372
74$2,097,493$1,129,965$930,105$1,669,843
75$2,278,649$1,152,545$928,475$1,771,458
76$2,477,250$1,175,198$925,757$1,882,031
77$2,695,043$1,197,896$921,884$2,002,460
78$2,933,952$1,220,608$916,781$2,133,734
79$3,196,096$1,243,298$910,374$2,276,944
80$3,483,809$1,265,932$902,584$2,433,295
81$3,799,664$1,288,468$893,326$2,604,113
82$4,146,491$1,310,864$882,514$2,790,862
83$4,527,411$1,333,075$870,056$2,995,154
84$4,945,862$1,355,050$855,858$3,218,769
85$5,405,629$1,376,737$839,818$3,463,668
86$5,910,884$1,398,078$821,833$3,732,015
87$6,466,222$1,419,012$801,792$4,026,193
88$7,076,706$1,439,473$779,582$4,348,833
89$7,747,914$1,459,391$755,082$4,702,833
90$8,485,991$1,478,691$728,167$5,091,389
91$9,297,707$1,497,291$698,705$5,518,027
92$10,190,521$1,515,107$666,560$5,986,631
93$11,172,653$1,532,046$631,588$6,501,485
94$12,253,157$1,548,009$593,640$7,067,312
95$13,442,010$1,562,893$552,558$7,689,320
96$14,750,206$1,576,586$508,180$8,373,248
97$16,189,857$1,588,969$460,334$9,125,426
98$17,774,310$1,599,915$408,842$9,952,831
99$19,518,268$1,609,290$353,517$10,863,154
100$21,437,936$1,616,950$294,165$11,864,876