Can I retire at age 64 with 879,000?

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 $879,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$72,587$71,940$71,310$70,694$70,093$68,426
2 years$35,934$35,265$34,616$33,987$33,377$31,708
3 years$23,718$23,046$22,399$21,776$21,176$19,556
4 years$17,611$16,941$16,301$15,688$15,103$13,545
5 years$13,948$13,282$12,650$12,050$11,481$9,989
6 years$11,507$10,846$10,223$9,637$9,085$7,661
7 years$9,764$9,108$8,495$7,923$7,388$6,032
8 years$8,457$7,808$7,205$6,646$6,129$4,841
9 years$7,441$6,798$6,206$5,661$5,162$3,939
10 years$6,629$5,992$5,410$4,880$4,398$3,241
11 years$5,965$5,334$4,763$4,247$3,782$2,689
12 years$5,412$4,788$4,227$3,725$3,278$2,246
13 years$4,945$4,327$3,777$3,289$2,858$1,886
14 years$4,544$3,933$3,393$2,919$2,506$1,591
15 years$4,197$3,593$3,064$2,604$2,206$1,347
16 years$3,894$3,296$2,778$2,331$1,950$1,143
17 years$3,627$3,036$2,528$2,095$1,729$973
18 years$3,390$2,805$2,307$1,888$1,537$830
19 years$3,178$2,600$2,112$1,706$1,370$710
20 years$2,987$2,416$1,939$1,545$1,224$607
21 years$2,815$2,250$1,783$1,402$1,095$520
22 years$2,659$2,101$1,643$1,275$982$447
23 years$2,516$1,965$1,517$1,161$881$383
24 years$2,386$1,841$1,403$1,059$792$330
25 years$2,266$1,727$1,300$967$713$283
26 years$2,156$1,624$1,205$884$642$244
27 years$2,054$1,528$1,119$809$579$210
28 years$1,959$1,440$1,041$742$522$181
29 years$1,871$1,358$968$680$472$156
30 years$1,789$1,283$902$624$426$134
31 years$1,713$1,213$841$573$385$116
32 years$1,641$1,147$785$527$348$100
33 years$1,574$1,087$733$484$315$86
34 years$1,511$1,030$684$446$286$74
35 years$1,452$977$640$410$259$64
36 years$1,396$927$599$378$234$55
37 years$1,343$881$560$348$212$48
38 years$1,294$837$525$321$193$41
39 years$1,246$796$492$296$175$36
40 years$1,202$757$461$273$158$31
41 years$1,159$721$432$252$144$26
42 years$1,119$686$405$232$130$23
43 years$1,081$654$380$214$118$20
44 years$1,044$623$357$198$107$17
45 years$1,010$594$335$183$97$15
46 years$977$567$315$169$89$13
47 years$945$541$296$156$80$11
48 years$915$517$278$144$73$9
49 years$886$493$261$133$66$8
50 years$858$471$246$123$60$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $879,000, adding $2,917 every year, while hoping to spend $33,509 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: 66/23/11 Blend
63$879,000$879,000$879,000$879,000
64$971,667$925,080$911,455$1,033,278
65$1,035,124$934,755$906,336$1,084,365
66$1,103,930$943,782$899,922$1,135,950
67$1,178,596$952,093$892,134$1,191,471
68$1,259,683$959,615$882,891$1,251,310
69$1,347,808$966,274$872,105$1,315,887
70$1,443,651$971,988$859,687$1,385,666
71$1,547,958$976,670$845,541$1,461,160
72$1,661,551$980,229$829,569$1,542,933
73$1,785,336$982,566$811,666$1,631,608
74$1,920,308$983,579$791,724$1,727,871
75$2,067,562$983,157$769,629$1,832,481
76$2,228,304$981,183$745,263$1,946,271
77$2,403,862$977,532$718,501$2,070,165
78$2,595,698$972,073$689,212$2,205,179
79$2,805,421$964,666$657,262$2,352,433
80$3,034,801$955,162$622,508$2,513,164
81$3,285,790$943,404$584,801$2,688,737
82$3,560,535$929,226$543,986$2,880,655
83$3,861,401$912,449$499,902$3,090,579
84$4,190,993$892,888$452,377$3,320,337
85$4,552,179$870,344$401,236$3,571,948
86$4,948,117$844,607$346,294$3,847,638
87$5,382,287$815,455$287,357$4,149,861
88$5,858,520$782,652$224,223$4,481,327
89$6,381,038$745,951$156,683$4,845,019
90$6,954,487$705,086$84,516$5,244,231
91$7,583,990$659,781$7,492$5,682,595
92$8,275,187$609,740$0$6,164,114
93$9,034,292$554,653$0$6,701,973
94$9,868,149$494,189$0$7,293,782
95$10,784,298$428,003$0$7,944,060
96$11,791,047$355,726$0$8,658,761
97$12,897,547$276,970$0$9,444,447
98$14,113,880$191,324$0$10,308,352
99$15,451,154$98,357$0$11,258,449
100$16,921,606$0$0$12,303,530