Can I retire at age 64 with 908,000?

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 $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%15.4%
1 years$74,982$74,314$73,662$73,026$72,405$70,799
2 years$37,120$36,428$35,758$35,109$34,479$32,868
3 years$24,501$23,806$23,138$22,495$21,875$20,311
4 years$18,192$17,500$16,839$16,206$15,601$14,096
5 years$14,408$13,720$13,067$12,448$11,860$10,418
6 years$11,887$11,204$10,560$9,955$9,384$8,007
7 years$10,086$9,409$8,776$8,184$7,632$6,319
8 years$8,736$8,065$7,443$6,866$6,331$5,083
9 years$7,687$7,022$6,410$5,848$5,332$4,146
10 years$6,848$6,190$5,589$5,041$4,543$3,419
11 years$6,162$5,510$4,920$4,387$3,907$2,844
12 years$5,591$4,946$4,366$3,848$3,386$2,382
13 years$5,108$4,470$3,901$3,397$2,953$2,005
14 years$4,694$4,063$3,505$3,016$2,588$1,696
15 years$4,336$3,711$3,165$2,690$2,279$1,440
16 years$4,023$3,405$2,869$2,408$2,014$1,226
17 years$3,747$3,136$2,611$2,164$1,786$1,047
18 years$3,502$2,898$2,383$1,950$1,588$896
19 years$3,283$2,686$2,182$1,762$1,415$768
20 years$3,086$2,496$2,002$1,596$1,264$659
21 years$2,908$2,325$1,842$1,448$1,131$567
22 years$2,747$2,170$1,698$1,317$1,014$488
23 years$2,599$2,029$1,567$1,199$910$420
24 years$2,465$1,901$1,450$1,094$818$362
25 years$2,341$1,784$1,343$999$736$312
26 years$2,227$1,677$1,245$913$663$270
27 years$2,121$1,578$1,156$836$598$233
28 years$2,024$1,487$1,075$766$539$201
29 years$1,933$1,403$1,000$702$487$174
30 years$1,848$1,325$932$645$440$150
31 years$1,769$1,253$869$592$398$130
32 years$1,695$1,185$810$544$360$113
33 years$1,626$1,122$757$500$326$97
34 years$1,561$1,064$707$460$295$84
35 years$1,500$1,009$661$424$267$73
36 years$1,442$958$618$390$242$63
37 years$1,388$910$579$360$219$55
38 years$1,336$864$542$331$199$47
39 years$1,288$822$508$306$180$41
40 years$1,241$782$476$282$164$36
41 years$1,198$744$446$260$148$31
42 years$1,156$709$419$240$135$27
43 years$1,116$676$393$222$122$23
44 years$1,079$644$369$205$111$20
45 years$1,043$614$346$189$101$17
46 years$1,009$586$325$175$91$15
47 years$976$559$306$161$83$13
48 years$945$534$287$149$75$11
49 years$915$510$270$138$68$10
50 years$887$487$254$127$62$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $908,000, adding $5,933 every year, while hoping to spend $45,175 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: 25/50/25 Blend
63$908,000$908,000$908,000$908,000
64$1,006,736$958,612$944,538$1,023,835
65$1,061,357$957,518$928,114$1,037,229
66$1,120,036$954,856$909,626$1,047,311
67$1,183,138$950,503$888,957$1,057,163
68$1,251,065$944,325$865,984$1,066,795
69$1,324,259$936,182$840,580$1,076,222
70$1,403,205$925,927$812,611$1,085,467
71$1,488,436$913,401$781,937$1,094,555
72$1,580,536$898,437$748,412$1,103,525
73$1,680,149$880,859$711,882$1,112,420
74$1,787,983$860,479$672,189$1,121,297
75$1,904,813$837,100$629,164$1,130,221
76$2,031,496$810,509$582,633$1,139,274
77$2,168,971$780,487$532,413$1,148,550
78$2,318,272$746,796$478,314$1,158,162
79$2,480,535$709,189$420,138$1,168,242
80$2,657,012$667,401$357,675$1,178,941
81$2,849,079$621,156$290,708$1,190,438
82$3,058,250$570,157$219,011$1,202,936
83$3,286,190$514,094$142,348$1,216,670
84$3,534,735$452,638$60,470$1,231,910
85$3,805,902$385,441$0$1,248,962
86$4,101,913$312,136$0$1,275,354
87$4,425,212$232,335$0$1,321,987
88$4,778,493$145,629$0$1,373,239
89$5,164,718$51,584$0$1,429,699
90$5,587,152$0$0$1,492,027
91$6,049,385$0$0$1,588,609
92$6,555,376$0$0$1,725,553
93$7,109,480$0$0$1,875,674
94$7,716,494$0$0$2,040,292
95$8,381,701$0$0$2,220,860
96$9,110,921$0$0$2,418,979
97$9,910,561$0$0$2,636,411
98$10,787,680$0$0$2,875,098
99$11,750,052$0$0$3,137,179
100$12,806,239$0$0$3,425,009