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%14%
1 years$74,404$73,741$73,094$72,463$71,847$70,657
2 years$36,834$36,148$35,483$34,838$34,213$33,017
3 years$24,312$23,623$22,960$22,321$21,706$20,542
4 years$18,052$17,365$16,709$16,081$15,481$14,358
5 years$14,297$13,615$12,967$12,352$11,768$10,689
6 years$11,795$11,117$10,479$9,878$9,312$8,278
7 years$10,008$9,336$8,708$8,121$7,573$6,585
8 years$8,669$8,003$7,385$6,813$6,283$5,340
9 years$7,628$6,968$6,361$5,803$5,291$4,393
10 years$6,795$6,142$5,546$5,002$4,508$3,654
11 years$6,114$5,468$4,882$4,353$3,877$3,066
12 years$5,548$4,908$4,333$3,818$3,360$2,591
13 years$5,068$4,435$3,871$3,371$2,930$2,202
14 years$4,658$4,031$3,478$2,993$2,568$1,880
15 years$4,302$3,683$3,140$2,669$2,261$1,612
16 years$3,992$3,379$2,847$2,390$1,999$1,386
17 years$3,718$3,112$2,591$2,147$1,772$1,195
18 years$3,475$2,875$2,365$1,935$1,576$1,033
19 years$3,258$2,665$2,165$1,748$1,404$895
20 years$3,062$2,476$1,987$1,583$1,254$776
21 years$2,886$2,307$1,828$1,437$1,123$674
22 years$2,726$2,153$1,685$1,307$1,006$587
23 years$2,579$2,014$1,555$1,190$903$511
24 years$2,446$1,887$1,438$1,085$812$445
25 years$2,323$1,771$1,332$991$731$388
26 years$2,210$1,664$1,236$906$658$339
27 years$2,105$1,566$1,147$830$593$296
28 years$2,008$1,476$1,067$760$535$259
29 years$1,918$1,392$993$697$483$226
30 years$1,834$1,315$925$640$437$198
31 years$1,756$1,243$862$587$395$173
32 years$1,682$1,176$804$540$357$152
33 years$1,614$1,114$751$496$323$133
34 years$1,549$1,056$702$457$293$116
35 years$1,488$1,001$656$421$265$102
36 years$1,431$950$614$387$240$89
37 years$1,377$903$574$357$218$78
38 years$1,326$858$538$329$197$69
39 years$1,278$816$504$303$179$60
40 years$1,232$776$472$280$162$53
41 years$1,188$739$443$258$147$46
42 years$1,147$704$415$238$134$40
43 years$1,108$670$390$220$121$35
44 years$1,071$639$366$203$110$31
45 years$1,035$609$344$187$100$27
46 years$1,001$581$323$173$91$24
47 years$969$555$303$160$82$21
48 years$938$530$285$148$75$18
49 years$908$506$268$137$68$16
50 years$880$483$252$126$62$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $901,000, adding $4,318 every year, while hoping to spend $31,745 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: 62/15/23 Blend
63$901,000$901,000$901,000$901,000
64$997,356$949,603$935,638$1,052,911
65$1,065,310$962,357$933,205$1,103,761
66$1,139,131$974,672$929,627$1,155,369
67$1,219,385$986,493$924,832$1,211,008
68$1,306,692$997,762$918,744$1,271,074
69$1,401,737$1,008,414$911,284$1,336,007
70$1,505,272$1,018,384$902,370$1,406,291
71$1,618,125$1,027,601$891,915$1,482,459
72$1,741,208$1,035,987$879,828$1,565,101
73$1,875,523$1,043,463$866,014$1,654,866
74$2,022,175$1,049,941$850,374$1,752,473
75$2,182,379$1,055,330$832,803$1,858,712
76$2,357,472$1,059,532$813,193$1,974,456
77$2,548,929$1,062,443$791,430$2,100,669
78$2,758,371$1,063,954$767,393$2,238,413
79$2,987,583$1,063,946$740,960$2,388,860
80$3,238,532$1,062,296$711,998$2,553,304
81$3,513,385$1,058,870$680,372$2,733,170
82$3,814,524$1,053,529$645,938$2,930,032
83$4,144,578$1,046,124$608,549$3,145,626
84$4,506,437$1,036,496$568,048$3,381,866
85$4,903,288$1,024,479$524,272$3,640,863
86$5,338,639$1,009,894$477,051$3,924,948
87$5,816,356$992,555$426,208$4,236,689
88$6,340,694$972,260$371,556$4,578,919
89$6,916,344$948,800$312,902$4,954,762
90$7,548,471$921,950$250,044$5,367,665
91$8,242,764$891,475$182,769$5,821,428
92$9,005,492$857,124$110,858$6,320,242
93$9,843,560$818,631$34,080$6,868,729
94$10,764,576$775,716$0$7,471,985
95$11,776,920$728,083$0$8,147,374
96$12,889,825$675,419$0$8,899,039
97$14,113,464$617,391$0$9,725,504
98$15,459,043$553,650$0$10,634,370
99$16,938,911$483,824$0$11,634,016
100$18,566,672$407,523$0$12,733,674