Can I retire at age 64 with 906,000?

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 $906,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$74,817$74,150$73,500$72,865$72,246$71,821
2 years$37,038$36,348$35,680$35,031$34,403$33,974
3 years$24,447$23,754$23,087$22,445$21,826$21,407
4 years$18,152$17,462$16,801$16,170$15,567$15,160
5 years$14,377$13,690$13,039$12,420$11,834$11,441
6 years$11,860$11,179$10,537$9,933$9,364$8,985
7 years$10,064$9,388$8,756$8,166$7,615$7,251
8 years$8,717$8,047$7,426$6,850$6,317$5,968
9 years$7,670$7,007$6,396$5,835$5,320$4,986
10 years$6,833$6,176$5,576$5,030$4,533$4,213
11 years$6,148$5,498$4,909$4,377$3,899$3,593
12 years$5,578$4,935$4,357$3,840$3,378$3,086
13 years$5,096$4,460$3,893$3,390$2,946$2,668
14 years$4,684$4,054$3,497$3,009$2,583$2,317
15 years$4,326$3,703$3,158$2,684$2,274$2,022
16 years$4,014$3,398$2,863$2,403$2,010$1,770
17 years$3,739$3,129$2,605$2,159$1,782$1,555
18 years$3,494$2,891$2,378$1,946$1,584$1,369
19 years$3,276$2,680$2,177$1,758$1,412$1,208
20 years$3,079$2,490$1,998$1,592$1,261$1,068
21 years$2,902$2,319$1,838$1,445$1,129$946
22 years$2,741$2,165$1,694$1,314$1,012$840
23 years$2,594$2,025$1,564$1,197$908$746
24 years$2,459$1,897$1,446$1,091$816$663
25 years$2,336$1,780$1,340$997$735$591
26 years$2,222$1,673$1,242$911$662$526
27 years$2,117$1,575$1,154$834$597$469
28 years$2,019$1,484$1,073$764$538$419
29 years$1,929$1,400$998$701$486$374
30 years$1,844$1,322$930$643$439$334
31 years$1,765$1,250$867$591$397$299
32 years$1,692$1,183$809$543$359$267
33 years$1,623$1,120$755$499$325$239
34 years$1,558$1,061$705$459$294$214
35 years$1,496$1,007$660$423$267$192
36 years$1,439$956$617$389$242$172
37 years$1,385$908$578$359$219$154
38 years$1,333$863$541$331$198$138
39 years$1,285$820$507$305$180$123
40 years$1,239$780$475$281$163$111
41 years$1,195$743$445$260$148$99
42 years$1,153$707$418$239$134$89
43 years$1,114$674$392$221$122$80
44 years$1,076$642$368$204$111$71
45 years$1,041$613$345$189$100$64
46 years$1,007$584$324$174$91$57
47 years$974$558$305$161$83$52
48 years$943$532$286$149$75$46
49 years$913$508$269$137$68$41
50 years$885$486$253$127$62$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $906,000, adding $4,101 every year, while hoping to spend $21,695 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: 78/15/7 Blend
63$906,000$906,000$906,000$906,000
64$1,002,642$954,624$940,581$1,079,710
65$1,081,828$978,317$949,007$1,154,551
66$1,168,364$1,002,445$956,989$1,233,373
67$1,262,977$1,027,004$964,487$1,319,172
68$1,366,467$1,051,993$971,464$1,412,633
69$1,479,714$1,077,408$977,875$1,514,510
70$1,603,690$1,103,246$983,679$1,625,633
71$1,739,462$1,129,501$988,828$1,746,917
72$1,888,206$1,156,166$993,273$1,879,368
73$2,051,220$1,183,235$996,964$2,024,094
74$2,229,929$1,210,698$999,847$2,182,318
75$2,425,905$1,238,545$1,001,865$2,355,385
76$2,640,879$1,266,765$1,002,959$2,544,776
77$2,876,757$1,295,346$1,003,067$2,752,124
78$3,135,640$1,324,272$1,002,124$2,979,227
79$3,419,842$1,353,527$1,000,061$3,228,066
80$3,731,909$1,383,093$996,806$3,500,824
81$4,074,649$1,412,950$992,285$3,799,904
82$4,451,154$1,443,076$986,417$4,127,955
83$4,864,831$1,473,446$979,122$4,487,896
84$5,319,432$1,504,033$970,311$4,882,942
85$5,819,092$1,534,808$959,894$5,316,635
86$6,368,365$1,565,739$947,776$5,792,880
87$6,972,269$1,596,792$933,857$6,315,975
88$7,636,333$1,627,927$918,034$6,890,661
89$8,366,648$1,659,104$900,197$7,522,158
90$9,169,924$1,690,278$880,231$8,216,219
91$10,053,555$1,721,401$858,018$8,979,184
92$11,025,689$1,752,420$833,432$9,818,039
93$12,095,299$1,783,279$806,343$10,740,479
94$13,272,278$1,813,918$776,613$11,754,988
95$14,567,521$1,844,270$744,100$12,870,910
96$15,993,034$1,874,266$708,654$14,098,545
97$17,562,049$1,903,830$670,119$15,449,241
98$19,289,141$1,932,881$628,332$16,935,503
99$21,190,374$1,961,332$583,121$18,571,113
100$23,283,444$1,989,090$534,308$20,371,256