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%17.8%
1 years$74,569$73,905$73,257$72,624$72,006$69,729
2 years$36,915$36,228$35,561$34,915$34,289$32,015
3 years$24,366$23,675$23,011$22,371$21,754$19,556
4 years$18,092$17,404$16,746$16,117$15,515$13,409
5 years$14,329$13,645$12,995$12,379$11,794$9,785
6 years$11,821$11,142$10,502$9,900$9,333$7,422
7 years$10,030$9,357$8,727$8,139$7,590$5,779
8 years$8,688$8,021$7,402$6,828$6,297$4,583
9 years$7,644$6,983$6,375$5,816$5,303$3,685
10 years$6,810$6,156$5,558$5,013$4,518$2,994
11 years$6,128$5,480$4,893$4,363$3,886$2,452
12 years$5,560$4,919$4,342$3,827$3,367$2,021
13 years$5,080$4,445$3,880$3,379$2,936$1,675
14 years$4,668$4,040$3,486$2,999$2,574$1,393
15 years$4,312$3,691$3,147$2,675$2,266$1,163
16 years$4,001$3,386$2,854$2,395$2,003$973
17 years$3,726$3,119$2,597$2,152$1,776$817
18 years$3,483$2,882$2,370$1,939$1,579$686
19 years$3,265$2,671$2,170$1,752$1,408$578
20 years$3,069$2,482$1,991$1,587$1,257$487
21 years$2,892$2,312$1,832$1,440$1,125$411
22 years$2,732$2,158$1,688$1,310$1,008$347
23 years$2,585$2,018$1,559$1,193$905$294
24 years$2,451$1,891$1,442$1,088$814$248
25 years$2,328$1,775$1,335$993$732$210
26 years$2,215$1,668$1,238$908$660$178
27 years$2,110$1,570$1,150$831$595$151
28 years$2,013$1,479$1,069$762$537$128
29 years$1,922$1,395$995$699$484$108
30 years$1,838$1,318$927$641$438$92
31 years$1,760$1,246$864$589$396$78
32 years$1,686$1,179$806$541$358$66
33 years$1,617$1,116$753$498$324$56
34 years$1,552$1,058$703$458$293$47
35 years$1,492$1,003$657$421$266$40
36 years$1,434$952$615$388$241$34
37 years$1,380$905$576$358$218$29
38 years$1,329$860$539$330$198$25
39 years$1,280$817$505$304$179$21
40 years$1,235$778$473$280$163$18
41 years$1,191$740$444$259$148$15
42 years$1,150$705$416$239$134$13
43 years$1,110$672$391$220$122$11
44 years$1,073$640$367$203$110$9
45 years$1,037$611$344$188$100$8
46 years$1,003$583$323$174$91$7
47 years$971$556$304$160$83$6
48 years$940$531$286$148$75$5
49 years$910$507$268$137$68$4
50 years$882$484$252$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $903,000, adding $6,639 every year, while hoping to spend $20,318 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: 82/13/5 Blend
63$903,000$903,000$903,000$903,000
64$1,001,954$954,095$940,099$1,083,468
65$1,082,535$979,228$949,974$1,162,831
66$1,170,655$1,004,911$959,499$1,246,517
67$1,267,060$1,031,150$968,640$1,337,747
68$1,372,574$1,057,950$977,364$1,437,266
69$1,488,103$1,085,316$985,632$1,545,890
70$1,614,645$1,113,252$993,406$1,664,521
71$1,753,299$1,141,762$1,000,645$1,794,149
72$1,905,276$1,170,848$1,007,307$1,935,867
73$2,071,908$1,200,514$1,013,346$2,090,878
74$2,254,664$1,230,760$1,018,714$2,260,505
75$2,455,161$1,261,588$1,023,362$2,446,209
76$2,675,179$1,292,999$1,027,238$2,649,596
77$2,916,682$1,324,990$1,030,285$2,872,435
78$3,181,831$1,357,561$1,032,446$3,116,678
79$3,473,005$1,390,709$1,033,660$3,384,471
80$3,792,828$1,424,430$1,033,864$3,678,181
81$4,144,188$1,458,719$1,032,991$4,000,415
82$4,530,268$1,493,570$1,030,969$4,354,043
83$4,954,575$1,528,975$1,027,726$4,742,231
84$5,420,972$1,564,924$1,023,185$5,168,462
85$5,933,713$1,601,407$1,017,263$5,636,577
86$6,497,487$1,638,412$1,009,878$6,150,807
87$7,117,461$1,675,924$1,000,938$6,715,813
88$7,799,324$1,713,927$990,352$7,336,731
89$8,549,348$1,752,402$978,022$8,019,220
90$9,374,441$1,791,329$963,844$8,769,514
91$10,282,214$1,830,685$947,714$9,594,483
92$11,281,056$1,870,443$929,518$10,501,697
93$12,380,205$1,910,577$909,139$11,499,497
94$13,589,846$1,951,055$886,454$12,597,073
95$14,921,195$1,991,842$861,336$13,804,552
96$16,386,616$2,032,901$833,649$15,133,091
97$17,999,728$2,074,191$803,254$16,594,987
98$19,775,541$2,115,667$770,004$18,203,789
99$21,730,592$2,157,280$733,744$19,974,426
100$23,883,103$2,198,977$694,315$21,923,349