Can I retire at age 64 with 891,000?

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 $891,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$73,578$72,923$72,283$71,659$71,050$68,858
2 years$36,425$35,746$35,089$34,451$33,833$31,644
3 years$24,042$23,361$22,705$22,073$21,465$19,348
4 years$17,852$17,173$16,523$15,903$15,309$13,279
5 years$14,139$13,463$12,823$12,215$11,638$9,701
6 years$11,664$10,994$10,363$9,768$9,209$7,367
7 years$9,897$9,233$8,611$8,031$7,489$5,742
8 years$8,573$7,914$7,303$6,737$6,213$4,559
9 years$7,543$6,891$6,290$5,738$5,232$3,670
10 years$6,720$6,074$5,484$4,947$4,458$2,986
11 years$6,046$5,407$4,828$4,305$3,834$2,449
12 years$5,486$4,853$4,285$3,776$3,323$2,021
13 years$5,012$4,386$3,828$3,334$2,897$1,677
14 years$4,606$3,987$3,440$2,959$2,540$1,397
15 years$4,255$3,642$3,105$2,639$2,236$1,168
16 years$3,947$3,341$2,816$2,363$1,976$979
17 years$3,677$3,077$2,562$2,123$1,752$822
18 years$3,436$2,843$2,339$1,913$1,558$692
19 years$3,221$2,635$2,141$1,729$1,389$584
20 years$3,028$2,449$1,965$1,566$1,240$493
21 years$2,854$2,281$1,807$1,421$1,110$416
22 years$2,695$2,129$1,666$1,292$995$352
23 years$2,551$1,991$1,538$1,177$893$298
24 years$2,419$1,866$1,422$1,073$803$253
25 years$2,297$1,751$1,317$980$722$214
26 years$2,185$1,646$1,222$896$651$182
27 years$2,082$1,549$1,135$820$587$154
28 years$1,986$1,459$1,055$752$529$131
29 years$1,897$1,377$982$689$478$111
30 years$1,814$1,300$914$633$432$94
31 years$1,736$1,229$852$581$391$80
32 years$1,664$1,163$795$534$353$68
33 years$1,596$1,101$743$491$320$58
34 years$1,532$1,044$694$452$289$49
35 years$1,472$990$649$416$262$42
36 years$1,415$940$607$383$238$35
37 years$1,362$893$568$353$215$30
38 years$1,311$848$532$325$195$26
39 years$1,263$807$498$300$177$22
40 years$1,218$767$467$277$161$19
41 years$1,175$730$438$255$146$16
42 years$1,134$696$411$236$132$13
43 years$1,096$663$385$217$120$11
44 years$1,059$632$362$201$109$10
45 years$1,023$603$340$185$99$8
46 years$990$575$319$171$90$7
47 years$958$549$300$158$81$6
48 years$927$524$282$146$74$5
49 years$898$500$265$135$67$4
50 years$870$478$249$125$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $891,000, adding $6,925 every year, while hoping to spend $40,362 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$891,000$891,000$891,000$891,000
64$989,025$941,802$927,992$1,039,710
65$1,046,961$945,006$916,135$1,078,006
66$1,109,453$947,013$902,527$1,114,628
67$1,176,924$947,724$887,069$1,153,488
68$1,249,838$947,030$869,654$1,194,806
69$1,328,705$944,818$850,170$1,238,822
70$1,414,084$940,965$828,502$1,285,805
71$1,506,593$935,344$804,529$1,336,051
72$1,606,908$927,819$778,123$1,389,891
73$1,715,774$918,244$749,152$1,447,689
74$1,834,011$906,465$717,477$1,509,849
75$1,962,520$892,322$682,952$1,576,818
76$2,102,292$875,641$645,426$1,649,092
77$2,254,418$856,239$604,740$1,727,221
78$2,420,098$833,925$560,728$1,811,811
79$2,600,653$808,492$513,217$1,903,536
80$2,797,537$779,725$462,027$2,003,140
81$3,012,348$747,394$406,968$2,111,447
82$3,246,849$711,257$347,842$2,229,370
83$3,502,976$671,058$284,443$2,357,918
84$3,782,864$626,524$216,557$2,498,206
85$4,088,863$577,370$143,958$2,651,471
86$4,423,557$523,292$66,411$2,819,077
87$4,789,796$463,969$0$3,002,535
88$5,190,715$399,064$0$3,204,563
89$5,629,768$328,217$0$3,430,564
90$6,110,755$251,051$0$3,678,342
91$6,637,866$167,167$0$3,950,170
92$7,215,713$76,142$0$4,248,561
93$7,849,375$0$0$4,576,291
94$8,544,446$0$0$4,946,561
95$9,307,090$0$0$5,390,607
96$10,144,093$0$0$5,878,041
97$11,062,932$0$0$6,413,226
98$12,071,844$0$0$7,000,973
99$13,179,900$0$0$7,646,578
100$14,397,094$0$0$8,355,878