Can I retire at age 64 with 881,000?

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 $881,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$72,752$72,104$71,472$70,855$70,252$68,749
2 years$36,016$35,345$34,695$34,065$33,453$31,947
3 years$23,772$23,098$22,450$21,826$21,224$19,761
4 years$17,651$16,980$16,338$15,724$15,137$13,728
5 years$13,980$13,312$12,679$12,078$11,507$10,156
6 years$11,533$10,871$10,246$9,659$9,105$7,814
7 years$9,786$9,129$8,515$7,941$7,405$6,174
8 years$8,476$7,825$7,221$6,661$6,143$4,972
9 years$7,458$6,813$6,220$5,674$5,173$4,061
10 years$6,644$6,006$5,422$4,891$4,408$3,353
11 years$5,979$5,346$4,774$4,257$3,791$2,792
12 years$5,424$4,799$4,237$3,734$3,285$2,341
13 years$4,956$4,337$3,785$3,296$2,865$1,974
14 years$4,554$3,942$3,401$2,926$2,511$1,672
15 years$4,207$3,601$3,071$2,610$2,211$1,421
16 years$3,903$3,304$2,784$2,337$1,954$1,212
17 years$3,635$3,043$2,533$2,099$1,733$1,036
18 years$3,398$2,812$2,313$1,892$1,541$888
19 years$3,185$2,606$2,117$1,710$1,373$762
20 years$2,994$2,421$1,943$1,548$1,227$655
21 years$2,822$2,255$1,787$1,405$1,098$564
22 years$2,665$2,105$1,647$1,278$984$486
23 years$2,522$1,969$1,521$1,164$883$420
24 years$2,391$1,845$1,406$1,061$794$362
25 years$2,271$1,731$1,303$969$714$313
26 years$2,161$1,627$1,208$886$643$271
27 years$2,058$1,531$1,122$811$580$234
28 years$1,964$1,443$1,043$743$523$203
29 years$1,875$1,361$971$682$473$175
30 years$1,793$1,286$904$625$427$152
31 years$1,717$1,215$843$574$386$132
32 years$1,645$1,150$786$528$349$114
33 years$1,578$1,089$734$485$316$99
34 years$1,515$1,032$686$447$286$86
35 years$1,455$979$641$411$259$74
36 years$1,399$929$600$379$235$64
37 years$1,346$883$562$349$213$56
38 years$1,296$839$526$322$193$49
39 years$1,249$798$493$297$175$42
40 years$1,204$759$462$274$159$37
41 years$1,162$722$433$252$144$32
42 years$1,122$688$406$233$131$27
43 years$1,083$655$381$215$119$24
44 years$1,047$625$358$199$108$21
45 years$1,012$596$336$183$98$18
46 years$979$568$316$169$89$16
47 years$947$542$296$156$81$14
48 years$917$518$279$145$73$12
49 years$888$494$262$134$66$10
50 years$860$472$246$123$60$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $881,000, adding $6,144 every year, while hoping to spend $57,006 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: 68/25/7 Blend
63$881,000$881,000$881,000$881,000
64$977,200$930,507$916,851$1,042,097
65$1,016,220$915,447$886,912$1,070,846
66$1,057,310$897,740$854,059$1,094,777
67$1,100,620$877,194$818,134$1,119,411
68$1,146,315$853,608$778,974$1,144,805
69$1,194,574$826,770$736,404$1,171,026
70$1,245,593$796,453$690,246$1,198,150
71$1,299,584$762,421$640,310$1,226,258
72$1,356,781$724,419$586,400$1,255,446
73$1,417,439$682,181$528,310$1,285,820
74$1,481,834$635,425$465,825$1,317,499
75$1,550,273$583,852$398,721$1,350,617
76$1,623,086$527,146$326,765$1,385,323
77$1,700,640$464,975$249,710$1,421,785
78$1,783,332$396,985$167,302$1,460,191
79$1,871,599$322,805$79,273$1,500,753
80$1,965,919$242,040$0$1,543,705
81$2,066,818$154,275$0$1,590,406
82$2,174,871$59,072$0$1,646,446
83$2,290,708$0$0$1,706,248
84$2,415,022$0$0$1,782,316
85$2,548,571$0$0$1,881,529
86$2,692,189$0$0$1,988,261
87$2,846,792$0$0$2,103,195
88$3,013,385$0$0$2,227,086
89$3,193,071$0$0$2,360,758
90$3,387,063$0$0$2,505,120
91$3,596,693$0$0$2,661,169
92$3,823,427$0$0$2,830,001
93$4,068,874$0$0$3,012,823
94$4,334,802$0$0$3,210,958
95$4,623,159$0$0$3,425,864
96$4,936,084$0$0$3,659,143
97$5,275,931$0$0$3,912,558
98$5,645,287$0$0$4,188,047
99$6,047,000$0$0$4,487,742
100$6,484,204$0$0$4,813,991