Can I retire at age 64 with 903,000?

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 $903,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$74,569$73,905$73,257$72,624$72,006$69,869
2 years$36,915$36,228$35,561$34,915$34,289$32,153
3 years$24,366$23,675$23,011$22,371$21,754$19,687
4 years$18,092$17,404$16,746$16,117$15,515$13,533
5 years$14,329$13,645$12,995$12,379$11,794$9,902
6 years$11,821$11,142$10,502$9,900$9,333$7,532
7 years$10,030$9,357$8,727$8,139$7,590$5,880
8 years$8,688$8,021$7,402$6,828$6,297$4,678
9 years$7,644$6,983$6,375$5,816$5,303$3,772
10 years$6,810$6,156$5,558$5,013$4,518$3,074
11 years$6,128$5,480$4,893$4,363$3,886$2,526
12 years$5,560$4,919$4,342$3,827$3,367$2,089
13 years$5,080$4,445$3,880$3,379$2,936$1,737
14 years$4,668$4,040$3,486$2,999$2,574$1,450
15 years$4,312$3,691$3,147$2,675$2,266$1,215
16 years$4,001$3,386$2,854$2,395$2,003$1,020
17 years$3,726$3,119$2,597$2,152$1,776$859
18 years$3,483$2,882$2,370$1,939$1,579$725
19 years$3,265$2,671$2,170$1,752$1,408$613
20 years$3,069$2,482$1,991$1,587$1,257$518
21 years$2,892$2,312$1,832$1,440$1,125$439
22 years$2,732$2,158$1,688$1,310$1,008$372
23 years$2,585$2,018$1,559$1,193$905$316
24 years$2,451$1,891$1,442$1,088$814$268
25 years$2,328$1,775$1,335$993$732$228
26 years$2,215$1,668$1,238$908$660$194
27 years$2,110$1,570$1,150$831$595$165
28 years$2,013$1,479$1,069$762$537$140
29 years$1,922$1,395$995$699$484$119
30 years$1,838$1,318$927$641$438$102
31 years$1,760$1,246$864$589$396$87
32 years$1,686$1,179$806$541$358$74
33 years$1,617$1,116$753$498$324$63
34 years$1,552$1,058$703$458$293$53
35 years$1,492$1,003$657$421$266$46
36 years$1,434$952$615$388$241$39
37 years$1,380$905$576$358$218$33
38 years$1,329$860$539$330$198$28
39 years$1,280$817$505$304$179$24
40 years$1,235$778$473$280$163$20
41 years$1,191$740$444$259$148$17
42 years$1,150$705$416$239$134$15
43 years$1,110$672$391$220$122$13
44 years$1,073$640$367$203$110$11
45 years$1,037$611$344$188$100$9
46 years$1,003$583$323$174$91$8
47 years$971$556$304$160$83$7
48 years$940$531$286$148$75$6
49 years$910$507$268$137$68$5
50 years$882$484$252$127$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $903,000, adding $4,270 every year, while hoping to spend $40,467 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: 64/15/21 Blend
63$903,000$903,000$903,000$903,000
64$999,511$951,652$937,655$1,057,830
65$1,058,404$955,226$926,010$1,101,183
66$1,121,948$957,619$912,618$1,143,577
67$1,190,575$958,731$897,379$1,188,957
68$1,264,759$958,453$880,186$1,237,618
69$1,345,021$956,674$860,929$1,289,884
70$1,431,934$953,272$839,491$1,346,116
71$1,526,129$948,120$815,752$1,406,713
72$1,628,298$941,082$789,583$1,472,114
73$1,739,202$932,013$760,853$1,542,805
74$1,859,681$920,762$729,422$1,619,323
75$1,990,656$907,167$695,145$1,702,261
76$2,133,141$891,056$657,870$1,792,275
77$2,288,252$872,248$617,439$1,890,089
78$2,457,216$850,550$573,685$1,996,502
79$2,641,384$825,760$526,436$2,112,399
80$2,842,244$797,661$475,511$2,238,754
81$3,061,432$766,025$420,719$2,376,646
82$3,300,750$730,612$361,865$2,527,264
83$3,562,180$691,166$298,741$2,691,921
84$3,847,906$647,416$231,132$2,872,069
85$4,160,331$599,078$158,814$3,069,309
86$4,502,101$545,849$81,550$3,285,409
87$4,876,130$487,411$0$3,522,322
88$5,285,627$423,426$0$3,782,403
89$5,734,125$353,538$0$4,087,342
90$6,225,515$277,370$0$4,421,533
91$6,764,081$194,525$0$4,787,932
92$7,354,544$104,583$0$5,189,804
93$8,002,100$7,100$0$5,630,743
94$8,712,475$0$0$6,114,713
95$9,491,974$0$0$6,662,324
96$10,347,543$0$0$7,264,726
97$11,286,833$0$0$7,926,143
98$12,318,272$0$0$8,652,518
99$13,451,142$0$0$9,450,396
100$14,695,673$0$0$10,326,992