Can I retire at age 64 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$72,835$72,186$71,553$70,935$70,332$68,799
2 years$36,057$35,385$34,734$34,103$33,491$31,955
3 years$23,799$23,125$22,475$21,850$21,248$19,756
4 years$17,671$16,999$16,356$15,742$15,154$13,718
5 years$13,996$13,327$12,693$12,091$11,520$10,144
6 years$11,546$10,883$10,258$9,670$9,116$7,800
7 years$9,797$9,139$8,524$7,950$7,413$6,159
8 years$8,486$7,834$7,229$6,669$6,150$4,957
9 years$7,467$6,821$6,227$5,680$5,179$4,047
10 years$6,652$6,012$5,429$4,897$4,413$3,339
11 years$5,985$5,353$4,779$4,262$3,795$2,779
12 years$5,431$4,804$4,241$3,738$3,289$2,329
13 years$4,961$4,342$3,789$3,300$2,868$1,962
14 years$4,560$3,946$3,405$2,929$2,514$1,661
15 years$4,212$3,605$3,074$2,613$2,214$1,411
16 years$3,908$3,308$2,787$2,339$1,956$1,202
17 years$3,640$3,046$2,536$2,102$1,735$1,027
18 years$3,402$2,815$2,315$1,894$1,542$879
19 years$3,189$2,609$2,119$1,711$1,375$754
20 years$2,998$2,424$1,945$1,550$1,228$648
21 years$2,825$2,258$1,789$1,407$1,099$558
22 years$2,668$2,108$1,649$1,279$985$480
23 years$2,525$1,971$1,523$1,165$884$414
24 years$2,394$1,847$1,408$1,062$795$357
25 years$2,274$1,733$1,304$970$715$308
26 years$2,163$1,629$1,210$887$644$266
27 years$2,061$1,533$1,123$812$581$230
28 years$1,966$1,445$1,044$744$524$199
29 years$1,878$1,363$972$682$473$172
30 years$1,795$1,287$905$626$428$149
31 years$1,719$1,217$844$575$387$129
32 years$1,647$1,151$787$529$350$112
33 years$1,580$1,090$735$486$316$97
34 years$1,516$1,033$687$447$287$84
35 years$1,457$980$642$412$260$73
36 years$1,401$930$601$379$235$63
37 years$1,348$884$562$349$213$55
38 years$1,298$840$526$322$193$47
39 years$1,251$798$493$297$175$41
40 years$1,206$760$462$274$159$36
41 years$1,163$723$434$253$144$31
42 years$1,123$689$407$233$131$27
43 years$1,085$656$382$215$119$23
44 years$1,048$625$358$199$108$20
45 years$1,013$596$336$184$98$17
46 years$980$569$316$170$89$15
47 years$948$543$297$157$81$13
48 years$918$518$279$145$73$11
49 years$889$495$262$134$67$10
50 years$861$473$246$124$60$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $882,000, adding $4,517 every year, while hoping to spend $35,855 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: 58/16/26 Blend
63$882,000$882,000$882,000$882,000
64$976,623$929,877$916,206$1,026,130
65$1,038,089$937,292$908,750$1,067,899
66$1,104,623$943,868$899,842$1,109,226
67$1,176,704$949,527$889,396$1,153,534
68$1,254,859$954,184$877,321$1,201,121
69$1,339,666$957,751$863,523$1,252,317
70$1,431,763$960,132$847,903$1,307,487
71$1,531,851$961,227$830,355$1,367,034
72$1,640,701$960,928$810,773$1,431,404
73$1,759,160$959,121$789,041$1,501,088
74$1,888,162$955,685$765,042$1,576,632
75$2,028,733$950,492$738,649$1,658,637
76$2,182,004$943,406$709,734$1,747,766
77$2,349,218$934,283$678,160$1,844,755
78$2,531,745$922,969$643,785$1,950,415
79$2,731,090$909,303$606,459$2,065,641
80$2,948,914$893,111$566,029$2,191,425
81$3,187,043$874,213$522,330$2,328,857
82$3,447,486$852,415$475,193$2,479,147
83$3,732,460$827,512$424,442$2,643,628
84$4,044,400$799,290$369,890$2,823,771
85$4,385,991$767,518$311,344$3,021,202
86$4,760,191$731,955$248,602$3,237,717
87$5,170,254$692,344$181,454$3,475,296
88$5,619,766$648,415$109,679$3,736,126
89$6,112,676$599,881$33,047$4,022,622
90$6,653,333$546,439$0$4,337,449
91$7,246,527$487,770$0$4,697,067
92$7,897,536$423,534$0$5,101,865
93$8,612,172$353,374$0$5,546,320
94$9,396,837$276,912$0$6,034,460
95$10,258,583$193,750$0$6,570,726
96$11,205,181$103,466$0$7,160,012
97$12,245,188$5,615$0$7,807,713
98$13,388,034$0$0$8,519,777
99$14,644,107$0$0$9,320,413
100$16,024,849$0$0$10,201,683