Can I retire at age 64 with 901,000?

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 $901,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$74,404$73,741$73,094$72,463$71,847$70,920
2 years$36,834$36,148$35,483$34,838$34,213$33,280
3 years$24,312$23,623$22,960$22,321$21,706$20,797
4 years$18,052$17,365$16,709$16,081$15,481$14,602
5 years$14,297$13,615$12,967$12,352$11,768$10,922
6 years$11,795$11,117$10,479$9,878$9,312$8,500
7 years$10,008$9,336$8,708$8,121$7,573$6,795
8 years$8,669$8,003$7,385$6,813$6,283$5,539
9 years$7,628$6,968$6,361$5,803$5,291$4,581
10 years$6,795$6,142$5,546$5,002$4,508$3,832
11 years$6,114$5,468$4,882$4,353$3,877$3,233
12 years$5,548$4,908$4,333$3,818$3,360$2,748
13 years$5,068$4,435$3,871$3,371$2,930$2,349
14 years$4,658$4,031$3,478$2,993$2,568$2,018
15 years$4,302$3,683$3,140$2,669$2,261$1,741
16 years$3,992$3,379$2,847$2,390$1,999$1,506
17 years$3,718$3,112$2,591$2,147$1,772$1,307
18 years$3,475$2,875$2,365$1,935$1,576$1,137
19 years$3,258$2,665$2,165$1,748$1,404$991
20 years$3,062$2,476$1,987$1,583$1,254$866
21 years$2,886$2,307$1,828$1,437$1,123$757
22 years$2,726$2,153$1,685$1,307$1,006$663
23 years$2,579$2,014$1,555$1,190$903$582
24 years$2,446$1,887$1,438$1,085$812$511
25 years$2,323$1,771$1,332$991$731$449
26 years$2,210$1,664$1,236$906$658$395
27 years$2,105$1,566$1,147$830$593$347
28 years$2,008$1,476$1,067$760$535$306
29 years$1,918$1,392$993$697$483$269
30 years$1,834$1,315$925$640$437$237
31 years$1,756$1,243$862$587$395$209
32 years$1,682$1,176$804$540$357$184
33 years$1,614$1,114$751$496$323$163
34 years$1,549$1,056$702$457$293$144
35 years$1,488$1,001$656$421$265$127
36 years$1,431$950$614$387$240$112
37 years$1,377$903$574$357$218$99
38 years$1,326$858$538$329$197$87
39 years$1,278$816$504$303$179$77
40 years$1,232$776$472$280$162$68
41 years$1,188$739$443$258$147$60
42 years$1,147$704$415$238$134$53
43 years$1,108$670$390$220$121$47
44 years$1,071$639$366$203$110$41
45 years$1,035$609$344$187$100$37
46 years$1,001$581$323$173$91$32
47 years$969$555$303$160$82$29
48 years$938$530$285$148$75$25
49 years$908$506$268$137$68$22
50 years$880$483$252$126$62$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $901,000, adding $6,871 every year, while hoping to spend $53,538 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: 57/21/22 Blend
63$901,000$901,000$901,000$901,000
64$999,989$952,236$938,271$1,050,699
65$1,045,024$941,932$912,739$1,075,767
66$1,092,858$929,328$884,557$1,096,766
67$1,143,721$914,256$853,581$1,118,491
68$1,197,862$896,536$819,657$1,141,027
69$1,255,556$875,979$782,628$1,164,469
70$1,317,103$852,382$742,327$1,188,922
71$1,382,833$825,535$698,580$1,214,507
72$1,453,107$795,210$651,207$1,241,361
73$1,528,318$761,170$600,017$1,269,636
74$1,608,902$723,162$544,813$1,299,503
75$1,695,333$680,920$485,387$1,331,156
76$1,788,133$634,161$421,523$1,364,812
77$1,887,874$582,587$352,996$1,400,713
78$1,995,186$525,883$279,571$1,439,131
79$2,110,758$463,715$201,000$1,480,370
80$2,235,349$395,730$117,026$1,524,771
81$2,369,791$321,557$27,383$1,572,714
82$2,514,998$240,802$0$1,624,624
83$2,671,977$153,050$0$1,697,002
84$2,841,832$57,862$0$1,782,250
85$3,025,777$0$0$1,874,594
86$3,225,147$0$0$1,985,215
87$3,441,413$0$0$2,119,780
88$3,676,187$0$0$2,265,931
89$3,931,246$0$0$2,424,782
90$4,208,544$0$0$2,597,560
91$4,510,230$0$0$2,785,612
92$4,838,669$0$0$2,990,423
93$5,196,464$0$0$3,213,627
94$5,586,477$0$0$3,457,020
95$6,011,861$0$0$3,722,580
96$6,476,084$0$0$4,012,486
97$6,982,965$0$0$4,329,133
98$7,536,708$0$0$4,675,160
99$8,141,938$0$0$5,053,473
100$8,803,751$0$0$5,467,269