Can I retire at age 64 with 908,000?

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 $908,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$74,982$74,314$73,662$73,026$72,405$70,031
2 years$37,120$36,428$35,758$35,109$34,479$32,110
3 years$24,501$23,806$23,138$22,495$21,875$19,585
4 years$18,192$17,500$16,839$16,206$15,601$13,408
5 years$14,408$13,720$13,067$12,448$11,860$9,770
6 years$11,887$11,204$10,560$9,955$9,384$7,398
7 years$10,086$9,409$8,776$8,184$7,632$5,750
8 years$8,736$8,065$7,443$6,866$6,331$4,552
9 years$7,687$7,022$6,410$5,848$5,332$3,654
10 years$6,848$6,190$5,589$5,041$4,543$2,963
11 years$6,162$5,510$4,920$4,387$3,907$2,422
12 years$5,591$4,946$4,366$3,848$3,386$1,992
13 years$5,108$4,470$3,901$3,397$2,953$1,647
14 years$4,694$4,063$3,505$3,016$2,588$1,368
15 years$4,336$3,711$3,165$2,690$2,279$1,139
16 years$4,023$3,405$2,869$2,408$2,014$951
17 years$3,747$3,136$2,611$2,164$1,786$797
18 years$3,502$2,898$2,383$1,950$1,588$668
19 years$3,283$2,686$2,182$1,762$1,415$561
20 years$3,086$2,496$2,002$1,596$1,264$472
21 years$2,908$2,325$1,842$1,448$1,131$397
22 years$2,747$2,170$1,698$1,317$1,014$335
23 years$2,599$2,029$1,567$1,199$910$282
24 years$2,465$1,901$1,450$1,094$818$238
25 years$2,341$1,784$1,343$999$736$201
26 years$2,227$1,677$1,245$913$663$170
27 years$2,121$1,578$1,156$836$598$144
28 years$2,024$1,487$1,075$766$539$121
29 years$1,933$1,403$1,000$702$487$103
30 years$1,848$1,325$932$645$440$87
31 years$1,769$1,253$869$592$398$73
32 years$1,695$1,185$810$544$360$62
33 years$1,626$1,122$757$500$326$53
34 years$1,561$1,064$707$460$295$44
35 years$1,500$1,009$661$424$267$38
36 years$1,442$958$618$390$242$32
37 years$1,388$910$579$360$219$27
38 years$1,336$864$542$331$199$23
39 years$1,288$822$508$306$180$19
40 years$1,241$782$476$282$164$16
41 years$1,198$744$446$260$148$14
42 years$1,156$709$419$240$135$12
43 years$1,116$676$393$222$122$10
44 years$1,079$644$369$205$111$8
45 years$1,043$614$346$189$101$7
46 years$1,009$586$325$175$91$6
47 years$976$559$306$161$83$5
48 years$945$534$287$149$75$4
49 years$915$510$270$138$68$4
50 years$887$487$254$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $908,000, adding $3,340 every year, while hoping to spend $51,980 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: 23/50/27 Blend
63$908,000$908,000$908,000$908,000
64$1,004,061$955,937$941,863$1,018,504
65$1,051,169$947,472$918,109$1,022,725
66$1,101,340$936,849$891,818$1,022,632
67$1,154,831$923,910$862,848$1,021,422
68$1,211,925$908,482$831,054$1,019,035
69$1,272,930$890,387$796,283$1,015,413
70$1,338,185$869,432$758,375$1,010,496
71$1,408,063$845,416$717,163$1,004,227
72$1,482,969$818,126$672,472$996,547
73$1,563,351$787,333$624,119$987,401
74$1,649,699$752,799$571,913$976,733
75$1,742,552$714,269$515,656$964,492
76$1,842,500$671,476$455,138$950,628
77$1,950,192$624,136$390,143$935,096
78$2,066,341$571,948$320,442$917,858
79$2,191,730$514,596$245,799$898,878
80$2,327,220$451,744$165,966$878,129
81$2,473,755$383,039$80,685$855,595
82$2,632,375$308,105$0$831,266
83$2,804,223$226,548$0$808,122
84$2,990,555$137,950$0$808,204
85$3,192,753$41,870$0$808,361
86$3,412,335$0$0$808,735
87$3,650,972$0$0$843,689
88$3,910,505$0$0$906,897
89$4,192,954$0$0$975,832
90$4,500,545$0$0$1,051,057
91$4,835,729$0$0$1,133,188
92$5,201,198$0$0$1,222,907
93$5,599,921$0$0$1,320,963
94$6,035,162$0$0$1,428,179
95$6,510,515$0$0$1,545,465
96$7,029,937$0$0$1,673,820
97$7,597,783$0$0$1,814,345
98$8,218,850$0$0$1,968,252
99$8,898,417$0$0$2,136,875
100$9,642,299$0$0$2,321,687