Can I retire at age 64 with 902,000?

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 $902,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$74,486$73,823$73,176$72,544$71,927$69,320
2 years$36,874$36,188$35,522$34,877$34,251$31,653
3 years$24,339$23,649$22,985$22,346$21,730$19,223
4 years$18,072$17,385$16,727$16,099$15,498$13,101
5 years$14,313$13,630$12,981$12,366$11,781$9,500
6 years$11,808$11,130$10,491$9,889$9,322$7,159
7 years$10,019$9,347$8,718$8,130$7,581$5,536
8 years$8,678$8,012$7,393$6,820$6,290$4,359
9 years$7,636$6,976$6,368$5,809$5,297$3,479
10 years$6,803$6,149$5,552$5,008$4,513$2,805
11 years$6,121$5,474$4,888$4,358$3,881$2,280
12 years$5,554$4,913$4,338$3,823$3,364$1,864
13 years$5,074$4,440$3,875$3,375$2,933$1,532
14 years$4,663$4,036$3,482$2,996$2,571$1,264
15 years$4,307$3,687$3,144$2,672$2,264$1,046
16 years$3,996$3,383$2,850$2,392$2,001$868
17 years$3,722$3,115$2,594$2,149$1,774$722
18 years$3,479$2,879$2,368$1,937$1,577$601
19 years$3,261$2,668$2,168$1,750$1,406$502
20 years$3,066$2,479$1,989$1,585$1,256$419
21 years$2,889$2,309$1,830$1,439$1,124$350
22 years$2,729$2,156$1,686$1,308$1,007$293
23 years$2,582$2,016$1,557$1,191$904$245
24 years$2,448$1,889$1,440$1,087$813$206
25 years$2,325$1,773$1,334$992$731$172
26 years$2,212$1,666$1,237$907$659$145
27 years$2,107$1,568$1,149$830$594$121
28 years$2,010$1,477$1,068$761$536$102
29 years$1,920$1,394$994$698$484$85
30 years$1,836$1,316$926$640$437$72
31 years$1,758$1,244$863$588$395$60
32 years$1,684$1,177$805$541$358$51
33 years$1,615$1,115$752$497$324$42
34 years$1,551$1,057$702$457$293$36
35 years$1,490$1,002$657$421$265$30
36 years$1,433$951$614$388$240$25
37 years$1,379$904$575$357$218$21
38 years$1,327$859$538$329$198$18
39 years$1,279$817$504$304$179$15
40 years$1,233$777$473$280$163$13
41 years$1,190$740$443$258$147$11
42 years$1,148$704$416$238$134$9
43 years$1,109$671$390$220$121$7
44 years$1,072$640$366$203$110$6
45 years$1,036$610$344$188$100$5
46 years$1,002$582$323$173$91$4
47 years$970$555$304$160$82$4
48 years$939$530$285$148$75$3
49 years$909$506$268$137$68$3
50 years$881$484$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 $902,000, adding $4,323 every year, while hoping to spend $53,528 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: 29/44/27 Blend
63$902,000$902,000$902,000$902,000
64$998,463$950,657$936,676$1,018,981
65$1,043,353$940,286$911,101$1,025,099
66$1,091,028$927,613$882,876$1,026,717
67$1,141,715$912,468$851,854$1,027,380
68$1,195,663$894,672$817,885$1,027,043
69$1,253,144$874,035$780,808$1,025,661
70$1,314,458$850,356$740,458$1,023,189
71$1,379,931$823,422$696,662$1,019,586
72$1,449,922$793,007$649,238$1,014,812
73$1,524,822$758,872$597,995$1,008,828
74$1,605,063$720,766$542,737$1,001,602
75$1,691,117$678,421$483,256$993,104
76$1,783,502$631,555$419,337$983,307
77$1,882,787$579,869$350,752$972,194
78$1,989,596$523,047$277,267$959,752
79$2,104,614$460,756$198,635$945,979
80$2,228,595$392,643$114,600$930,880
81$2,362,366$318,336$24,892$914,472
82$2,506,834$237,442$0$896,788
83$2,662,998$149,544$0$898,281
84$2,831,956$54,203$0$907,585
85$3,014,913$0$0$917,692
86$3,213,197$0$0$952,546
87$3,428,264$0$0$1,018,936
88$3,661,719$0$0$1,091,128
89$3,915,324$0$0$1,169,684
90$4,191,021$0$0$1,255,222
91$4,490,944$0$0$1,348,421
92$4,817,441$0$0$1,450,028
93$5,173,095$0$0$1,560,868
94$5,560,751$0$0$1,681,846
95$5,983,538$0$0$1,813,960
96$6,444,901$0$0$1,958,307
97$6,948,630$0$0$2,116,096
98$7,498,899$0$0$2,288,658
99$8,100,303$0$0$2,477,458
100$8,757,901$0$0$2,684,109