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%19.7%
1 years$74,404$73,741$73,094$72,463$71,847$69,051
2 years$36,834$36,148$35,483$34,838$34,213$31,430
3 years$24,312$23,623$22,960$22,321$21,706$19,023
4 years$18,052$17,365$16,709$16,081$15,481$12,919
5 years$14,297$13,615$12,967$12,352$11,768$9,334
6 years$11,795$11,117$10,479$9,878$9,312$7,007
7 years$10,008$9,336$8,708$8,121$7,573$5,396
8 years$8,669$8,003$7,385$6,813$6,283$4,232
9 years$7,628$6,968$6,361$5,803$5,291$3,363
10 years$6,795$6,142$5,546$5,002$4,508$2,700
11 years$6,114$5,468$4,882$4,353$3,877$2,184
12 years$5,548$4,908$4,333$3,818$3,360$1,778
13 years$5,068$4,435$3,871$3,371$2,930$1,454
14 years$4,658$4,031$3,478$2,993$2,568$1,194
15 years$4,302$3,683$3,140$2,669$2,261$983
16 years$3,992$3,379$2,847$2,390$1,999$812
17 years$3,718$3,112$2,591$2,147$1,772$671
18 years$3,475$2,875$2,365$1,935$1,576$556
19 years$3,258$2,665$2,165$1,748$1,404$462
20 years$3,062$2,476$1,987$1,583$1,254$384
21 years$2,886$2,307$1,828$1,437$1,123$319
22 years$2,726$2,153$1,685$1,307$1,006$265
23 years$2,579$2,014$1,555$1,190$903$221
24 years$2,446$1,887$1,438$1,085$812$184
25 years$2,323$1,771$1,332$991$731$154
26 years$2,210$1,664$1,236$906$658$128
27 years$2,105$1,566$1,147$830$593$107
28 years$2,008$1,476$1,067$760$535$89
29 years$1,918$1,392$993$697$483$74
30 years$1,834$1,315$925$640$437$62
31 years$1,756$1,243$862$587$395$52
32 years$1,682$1,176$804$540$357$43
33 years$1,614$1,114$751$496$323$36
34 years$1,549$1,056$702$457$293$30
35 years$1,488$1,001$656$421$265$25
36 years$1,431$950$614$387$240$21
37 years$1,377$903$574$357$218$18
38 years$1,326$858$538$329$197$15
39 years$1,278$816$504$303$179$12
40 years$1,232$776$472$280$162$10
41 years$1,188$739$443$258$147$9
42 years$1,147$704$415$238$134$7
43 years$1,108$670$390$220$121$6
44 years$1,071$639$366$203$110$5
45 years$1,035$609$344$187$100$4
46 years$1,001$581$323$173$91$3
47 years$969$555$303$160$82$3
48 years$938$530$285$148$75$2
49 years$908$506$268$137$68$2
50 years$880$483$252$126$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $901,000, adding $2,113 every year, while hoping to spend $30,392 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: 80/10/10 Blend
63$901,000$901,000$901,000$901,000
64$995,082$947,329$933,363$1,072,906
65$1,064,243$961,411$932,294$1,138,347
66$1,139,440$975,164$930,170$1,205,955
67$1,221,257$988,541$926,925$1,279,247
68$1,310,335$1,001,490$922,487$1,358,776
69$1,407,382$1,013,955$916,782$1,445,150
70$1,513,174$1,025,878$909,733$1,539,042
71$1,628,567$1,037,195$901,259$1,641,191
72$1,754,503$1,047,840$891,274$1,752,412
73$1,892,019$1,057,742$879,688$1,873,601
74$2,042,257$1,066,822$866,409$2,005,748
75$2,206,472$1,075,002$851,339$2,149,941
76$2,386,048$1,082,193$834,375$2,307,381
77$2,582,508$1,088,303$815,410$2,479,390
78$2,797,529$1,093,235$794,331$2,667,425
79$3,032,958$1,096,885$771,022$2,873,090
80$3,290,828$1,099,141$745,360$3,098,154
81$3,573,379$1,099,885$717,216$3,344,566
82$3,883,077$1,098,993$686,456$3,614,473
83$4,222,639$1,096,331$652,940$3,910,242
84$4,595,055$1,091,759$616,521$4,234,481
85$5,003,622$1,085,126$577,045$4,590,063
86$5,451,969$1,076,274$534,353$4,980,155
87$5,944,093$1,065,035$488,278$5,408,247
88$6,484,399$1,051,230$438,643$5,878,183
89$7,077,737$1,034,670$385,267$6,394,203
90$7,729,451$1,015,154$327,959$6,960,977
91$8,445,429$992,470$266,519$7,583,653
92$9,232,155$966,393$200,739$8,267,901
93$10,096,773$936,685$130,403$9,019,975
94$11,047,155$903,094$55,282$9,846,762
95$12,091,973$865,353$0$10,755,857
96$13,240,778$823,180$0$11,758,280
97$14,504,098$776,276$0$12,867,067
98$15,893,529$724,326$0$14,086,502
99$17,421,847$666,996$0$15,427,815
100$19,103,129$603,932$0$16,903,378