Can I retire at age 64 with 875,000?

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 $875,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$72,257$71,613$70,985$70,372$69,774$69,218
2 years$35,771$35,104$34,459$33,833$33,226$32,665
3 years$23,610$22,941$22,297$21,677$21,080$20,532
4 years$17,531$16,864$16,227$15,617$15,034$14,504
5 years$13,885$13,222$12,593$11,995$11,429$10,917
6 years$11,455$10,797$10,177$9,593$9,043$8,551
7 years$9,719$9,067$8,457$7,887$7,355$6,882
8 years$8,419$7,772$7,172$6,616$6,101$5,648
9 years$7,407$6,767$6,177$5,635$5,138$4,704
10 years$6,599$5,965$5,385$4,858$4,378$3,963
11 years$5,938$5,310$4,741$4,228$3,765$3,370
12 years$5,387$4,766$4,208$3,708$3,263$2,886
13 years$4,922$4,307$3,759$3,274$2,845$2,486
14 years$4,523$3,915$3,378$2,906$2,494$2,153
15 years$4,178$3,576$3,050$2,592$2,196$1,872
16 years$3,877$3,281$2,765$2,321$1,941$1,633
17 years$3,611$3,022$2,516$2,085$1,721$1,429
18 years$3,375$2,792$2,297$1,879$1,530$1,254
19 years$3,164$2,588$2,103$1,698$1,364$1,103
20 years$2,974$2,405$1,930$1,538$1,218$972
21 years$2,802$2,240$1,775$1,396$1,090$858
22 years$2,647$2,091$1,636$1,269$977$758
23 years$2,505$1,956$1,510$1,156$877$671
24 years$2,375$1,832$1,397$1,054$788$594
25 years$2,256$1,720$1,294$963$709$527
26 years$2,146$1,616$1,200$880$639$468
27 years$2,044$1,521$1,114$806$576$416
28 years$1,950$1,433$1,036$738$520$369
29 years$1,863$1,352$964$677$469$329
30 years$1,781$1,277$898$621$424$292
31 years$1,705$1,207$837$571$383$260
32 years$1,634$1,142$781$524$347$232
33 years$1,567$1,082$729$482$314$207
34 years$1,504$1,025$681$444$284$184
35 years$1,445$972$637$408$257$164
36 years$1,390$923$596$376$233$146
37 years$1,337$877$558$347$211$131
38 years$1,288$833$522$319$192$116
39 years$1,241$792$489$295$174$104
40 years$1,196$754$459$272$158$93
41 years$1,154$717$430$251$143$83
42 years$1,114$683$403$231$130$74
43 years$1,076$651$379$214$118$66
44 years$1,040$620$355$197$107$59
45 years$1,005$592$334$182$97$53
46 years$972$564$313$168$88$47
47 years$941$539$294$155$80$42
48 years$911$514$277$144$73$37
49 years$882$491$260$133$66$33
50 years$854$469$244$123$60$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $875,000, adding $3,185 every year, while hoping to spend $48,827 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: 79/10/11 Blend
63$875,000$875,000$875,000$875,000
64$967,535$921,160$907,598$1,041,834
65$1,014,272$914,346$886,051$1,084,283
66$1,064,140$905,561$862,145$1,124,204
67$1,117,406$894,657$835,751$1,166,582
68$1,174,365$881,478$806,732$1,211,643
69$1,235,337$865,857$774,944$1,259,631
70$1,300,675$847,618$740,239$1,310,820
71$1,370,767$826,575$702,460$1,365,509
72$1,446,037$802,529$661,444$1,424,028
73$1,526,952$775,271$617,021$1,486,742
74$1,614,022$744,581$569,013$1,554,054
75$1,707,810$710,223$517,233$1,626,406
76$1,808,933$671,951$461,487$1,704,288
77$1,918,069$629,501$401,571$1,788,241
78$2,035,963$582,597$337,274$1,878,858
79$2,163,432$530,945$268,374$1,976,798
80$2,301,377$474,237$194,639$2,082,784
81$2,450,787$412,143$115,829$2,197,616
82$2,612,748$344,320$31,690$2,322,176
83$2,788,457$270,400$0$2,457,437
84$2,979,228$189,998$0$2,611,291
85$3,186,508$102,707$0$2,782,515
86$3,411,888$8,095$0$2,968,727
87$3,657,117$0$0$3,171,402
88$3,924,122$0$0$3,402,541
89$4,215,022$0$0$3,655,361
90$4,532,149$0$0$3,930,999
91$4,878,070$0$0$4,231,691
92$5,255,609$0$0$4,559,895
93$5,667,877$0$0$4,918,317
94$6,118,296$0$0$5,309,938
95$6,610,635$0$0$5,738,038
96$7,149,043$0$0$6,206,228
97$7,738,088$0$0$6,718,486
98$8,382,802$0$0$7,279,189
99$9,088,722$0$0$7,893,160
100$9,861,948$0$0$8,565,707