Can I retire at age 64 with 905,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $905,000?

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$74,734$74,068$73,419$72,785$72,166$69,884
2 years$36,997$36,308$35,640$34,993$34,365$32,086
3 years$24,420$23,728$23,062$22,420$21,802$19,599
4 years$18,132$17,442$16,783$16,152$15,550$13,438
5 years$14,361$13,675$13,024$12,407$11,821$9,807
6 years$11,847$11,167$10,526$9,922$9,353$7,439
7 years$10,053$9,378$8,747$8,157$7,607$5,791
8 years$8,707$8,038$7,418$6,843$6,310$4,593
9 years$7,661$6,999$6,389$5,829$5,314$3,693
10 years$6,825$6,169$5,570$5,024$4,528$3,000
11 years$6,141$5,492$4,904$4,373$3,894$2,458
12 years$5,572$4,929$4,352$3,835$3,375$2,026
13 years$5,091$4,455$3,888$3,386$2,943$1,678
14 years$4,678$4,049$3,494$3,006$2,580$1,396
15 years$4,322$3,699$3,154$2,681$2,271$1,166
16 years$4,009$3,394$2,860$2,400$2,007$976
17 years$3,734$3,126$2,602$2,157$1,780$818
18 years$3,490$2,888$2,376$1,944$1,583$688
19 years$3,272$2,677$2,175$1,756$1,411$579
20 years$3,076$2,487$1,996$1,591$1,260$488
21 years$2,899$2,317$1,836$1,443$1,128$412
22 years$2,738$2,163$1,692$1,312$1,011$348
23 years$2,591$2,023$1,562$1,195$907$294
24 years$2,457$1,895$1,445$1,090$815$249
25 years$2,333$1,779$1,338$996$734$211
26 years$2,220$1,672$1,241$910$661$178
27 years$2,114$1,573$1,152$833$596$151
28 years$2,017$1,482$1,071$763$538$128
29 years$1,927$1,398$997$700$486$108
30 years$1,842$1,321$929$643$439$92
31 years$1,763$1,248$866$590$397$78
32 years$1,690$1,181$808$542$359$66
33 years$1,621$1,119$754$499$325$56
34 years$1,556$1,060$705$459$294$48
35 years$1,495$1,006$659$422$266$40
36 years$1,437$955$616$389$241$34
37 years$1,383$907$577$358$219$29
38 years$1,332$862$540$330$198$25
39 years$1,283$819$506$305$180$21
40 years$1,237$779$474$281$163$18
41 years$1,194$742$445$259$148$15
42 years$1,152$707$417$239$134$13
43 years$1,113$673$392$221$122$11
44 years$1,075$642$368$204$111$9
45 years$1,040$612$345$188$100$8
46 years$1,005$584$324$174$91$7
47 years$973$557$305$161$83$6
48 years$942$532$286$149$75$5
49 years$912$508$269$137$68$4
50 years$884$485$253$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $905,000, adding $6,621 every year, while hoping to spend $35,827 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: 60/15/25 Blend
63$905,000$905,000$905,000$905,000
64$1,004,140$956,175$942,147$1,057,293
65$1,068,442$964,907$935,589$1,102,947
66$1,138,103$972,868$927,611$1,148,291
67$1,213,630$979,979$918,127$1,196,993
68$1,295,584$986,161$907,048$1,249,389
69$1,384,579$991,329$894,279$1,305,848
70$1,481,292$995,390$879,724$1,366,778
71$1,586,468$998,248$863,279$1,432,629
72$1,700,925$999,800$844,836$1,503,898
73$1,825,566$999,936$824,284$1,581,136
74$1,961,380$998,539$801,504$1,664,950
75$2,109,460$995,487$776,374$1,756,009
76$2,271,007$990,648$748,764$1,855,055
77$2,447,343$983,883$718,541$1,962,905
78$2,639,923$975,044$685,563$2,080,461
79$2,850,349$963,975$649,683$2,208,721
80$3,080,384$950,510$610,748$2,348,784
81$3,331,972$934,473$568,596$2,501,867
82$3,607,249$915,678$523,060$2,669,309
83$3,908,570$893,928$473,964$2,852,591
84$4,238,527$869,013$421,125$3,053,347
85$4,599,975$840,714$364,351$3,273,381
86$4,996,058$808,794$303,442$3,514,683
87$5,430,238$773,008$238,190$3,779,450
88$5,906,330$733,092$168,376$4,070,106
89$6,428,532$688,770$93,773$4,389,324
90$7,001,470$639,748$14,143$4,740,058
91$7,630,242$585,717$0$5,125,563
92$8,320,459$526,349$0$5,568,328
93$9,078,303$461,298$0$6,058,676
94$9,910,586$390,198$0$6,597,275
95$10,824,811$312,663$0$7,189,024
96$11,829,242$228,283$0$7,839,324
97$12,932,984$136,628$0$8,554,127
98$14,146,068$37,243$0$9,339,992
99$15,479,545$0$0$10,204,151
100$16,945,591$0$0$11,166,185