Can I retire at age 64 with 907,000?

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 $907,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$74,899$74,232$73,581$72,946$72,325$70,692
2 years$37,079$36,388$35,719$35,070$34,441$32,804
3 years$24,474$23,780$23,113$22,470$21,851$20,261
4 years$18,172$17,481$16,820$16,188$15,584$14,055
5 years$14,393$13,705$13,053$12,434$11,847$10,381
6 years$11,873$11,191$10,549$9,944$9,374$7,974
7 years$10,075$9,398$8,766$8,175$7,624$6,290
8 years$8,726$8,056$7,434$6,858$6,324$5,056
9 years$7,678$7,014$6,403$5,841$5,326$4,122
10 years$6,840$6,183$5,582$5,035$4,538$3,398
11 years$6,155$5,504$4,915$4,382$3,903$2,824
12 years$5,584$4,940$4,362$3,844$3,382$2,363
13 years$5,102$4,465$3,897$3,394$2,949$1,989
14 years$4,689$4,058$3,501$3,012$2,585$1,681
15 years$4,331$3,707$3,161$2,687$2,276$1,426
16 years$4,018$3,401$2,866$2,406$2,012$1,213
17 years$3,743$3,132$2,608$2,161$1,784$1,035
18 years$3,498$2,895$2,381$1,948$1,586$885
19 years$3,279$2,683$2,180$1,760$1,414$758
20 years$3,083$2,493$2,000$1,594$1,263$650
21 years$2,905$2,322$1,840$1,447$1,130$559
22 years$2,744$2,167$1,696$1,315$1,013$480
23 years$2,597$2,027$1,566$1,198$909$413
24 years$2,462$1,899$1,448$1,093$817$356
25 years$2,338$1,782$1,341$998$735$307
26 years$2,224$1,675$1,244$912$662$265
27 years$2,119$1,577$1,155$835$597$229
28 years$2,022$1,486$1,074$765$539$197
29 years$1,931$1,401$999$702$487$170
30 years$1,846$1,324$931$644$440$147
31 years$1,767$1,251$868$591$398$127
32 years$1,694$1,184$810$544$360$110
33 years$1,624$1,121$756$500$325$95
34 years$1,559$1,063$706$460$295$82
35 years$1,498$1,008$660$423$267$71
36 years$1,441$957$618$390$242$62
37 years$1,386$909$578$359$219$53
38 years$1,335$863$541$331$199$46
39 years$1,286$821$507$305$180$40
40 years$1,240$781$475$282$163$34
41 years$1,196$744$446$260$148$30
42 years$1,155$708$418$240$135$26
43 years$1,115$675$392$221$122$22
44 years$1,078$643$368$204$111$19
45 years$1,042$613$346$189$101$17
46 years$1,008$585$325$174$91$15
47 years$975$558$305$161$83$13
48 years$944$533$287$149$75$11
49 years$914$509$270$138$68$9
50 years$886$486$253$127$62$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $907,000, adding $4,718 every year, while hoping to spend $58,924 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: 39/37/24 Blend
63$907,000$907,000$907,000$907,000
64$1,004,381$956,310$942,251$1,036,230
65$1,044,133$940,474$911,122$1,043,903
66$1,085,965$921,888$876,975$1,046,328
67$1,130,026$900,354$839,647$1,047,782
68$1,176,481$875,663$798,967$1,048,213
69$1,225,507$847,595$754,757$1,047,566
70$1,277,298$815,916$706,830$1,045,789
71$1,332,065$780,379$654,992$1,042,828
72$1,390,039$740,721$599,038$1,038,630
73$1,451,474$696,667$538,756$1,033,144
74$1,516,643$647,923$473,924$1,026,319
75$1,585,849$594,180$404,309$1,018,108
76$1,659,421$535,110$329,669$1,008,465
77$1,737,720$470,368$249,750$997,348
78$1,821,140$399,588$164,289$984,720
79$1,910,113$322,385$73,010$970,548
80$2,005,113$238,350$0$954,806
81$2,106,657$147,053$0$943,724
82$2,215,316$48,038$0$951,402
83$2,331,712$0$0$959,205
84$2,456,529$0$0$991,322
85$2,590,518$0$0$1,046,878
86$2,734,501$0$0$1,106,665
87$2,889,382$0$0$1,171,070
88$3,056,154$0$0$1,240,517
89$3,235,906$0$0$1,315,473
90$3,429,836$0$0$1,396,450
91$3,639,259$0$0$1,484,010
92$3,865,620$0$0$1,578,773
93$4,110,507$0$0$1,681,419
94$4,375,666$0$0$1,792,695
95$4,663,016$0$0$1,913,425
96$4,974,669$0$0$2,044,512
97$5,312,946$0$0$2,186,951
98$5,680,398$0$0$2,341,836
99$6,079,835$0$0$2,510,373
100$6,514,346$0$0$2,693,884