Can I retire at age 64 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$71,844$71,204$70,579$69,970$69,375$67,836
2 years$35,566$34,904$34,262$33,639$33,036$31,493
3 years$23,475$22,810$22,170$21,553$20,959$19,461
4 years$17,431$16,768$16,134$15,528$14,948$13,506
5 years$13,805$13,146$12,521$11,927$11,363$9,982
6 years$11,389$10,735$10,118$9,538$8,992$7,671
7 years$9,664$9,015$8,408$7,842$7,313$6,054
8 years$8,371$7,728$7,131$6,578$6,066$4,870
9 years$7,365$6,728$6,142$5,603$5,109$3,973
10 years$6,561$5,931$5,355$4,830$4,353$3,276
11 years$5,904$5,280$4,714$4,204$3,744$2,725
12 years$5,357$4,739$4,184$3,687$3,244$2,282
13 years$4,894$4,282$3,738$3,255$2,829$1,921
14 years$4,498$3,893$3,359$2,890$2,480$1,625
15 years$4,154$3,556$3,032$2,577$2,183$1,380
16 years$3,854$3,263$2,749$2,307$1,930$1,175
17 years$3,590$3,005$2,502$2,073$1,711$1,003
18 years$3,355$2,776$2,284$1,868$1,521$858
19 years$3,145$2,573$2,091$1,688$1,356$736
20 years$2,957$2,391$1,919$1,529$1,211$631
21 years$2,786$2,227$1,765$1,388$1,084$543
22 years$2,632$2,079$1,627$1,262$972$467
23 years$2,491$1,945$1,502$1,149$872$402
24 years$2,362$1,822$1,389$1,048$784$347
25 years$2,243$1,710$1,286$957$705$299
26 years$2,134$1,607$1,193$875$635$258
27 years$2,033$1,512$1,108$801$573$223
28 years$1,939$1,425$1,030$734$517$193
29 years$1,852$1,344$958$673$467$167
30 years$1,771$1,270$893$618$422$144
31 years$1,695$1,200$832$567$381$125
32 years$1,624$1,136$777$521$345$108
33 years$1,558$1,075$725$479$312$93
34 years$1,496$1,019$677$441$283$81
35 years$1,437$967$633$406$256$70
36 years$1,382$918$593$374$232$61
37 years$1,330$872$555$345$210$52
38 years$1,280$828$519$318$191$45
39 years$1,234$788$487$293$173$39
40 years$1,189$749$456$270$157$34
41 years$1,147$713$428$249$142$29
42 years$1,108$679$401$230$129$26
43 years$1,070$647$376$212$117$22
44 years$1,034$617$353$196$106$19
45 years$999$588$332$181$97$17
46 years$967$561$312$167$88$14
47 years$935$536$293$154$80$12
48 years$905$511$275$143$72$11
49 years$877$488$259$132$66$9
50 years$849$466$243$122$60$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $870,000, adding $4,846 every year, while hoping to spend $54,103 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: 53/41/6 Blend
63$870,000$870,000$870,000$870,000
64$963,739$917,629$904,144$1,013,229
65$1,004,475$905,027$876,867$1,034,675
66$1,047,553$889,995$846,864$1,051,648
67$1,093,154$872,356$813,985$1,068,799
68$1,141,478$851,923$778,075$1,086,155
69$1,192,740$828,499$738,972$1,103,748
70$1,247,178$801,874$696,507$1,121,615
71$1,305,052$771,828$650,501$1,139,802
72$1,366,645$738,124$600,770$1,158,363
73$1,432,267$700,517$547,120$1,177,361
74$1,502,258$658,742$489,349$1,196,868
75$1,576,992$612,524$427,245$1,216,970
76$1,656,875$561,568$360,589$1,237,766
77$1,742,356$505,565$289,148$1,259,370
78$1,833,926$444,187$212,684$1,281,913
79$1,932,122$377,087$130,944$1,305,544
80$2,037,534$303,901$43,667$1,330,436
81$2,150,811$224,240$0$1,356,783
82$2,272,665$137,698$0$1,387,975
83$2,403,874$43,844$0$1,424,287
84$2,545,299$0$0$1,463,226
85$2,697,880$0$0$1,531,202
86$2,862,652$0$0$1,626,036
87$3,040,753$0$0$1,728,611
88$3,233,433$0$0$1,839,656
89$3,442,066$0$0$1,959,971
90$3,668,162$0$0$2,090,437
91$3,913,383$0$0$2,232,023
92$4,179,555$0$0$2,385,794
93$4,468,688$0$0$2,552,922
94$4,782,990$0$0$2,734,696
95$5,124,894$0$0$2,932,535
96$5,497,075$0$0$3,147,998
97$5,902,475$0$0$3,382,803
98$6,344,334$0$0$3,638,841
99$6,826,217$0$0$3,918,190
100$7,352,046$0$0$4,223,141