Can I retire at age 64 with 913,000?

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 $913,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$75,395$74,723$74,068$73,428$72,804$71,510
2 years$37,324$36,629$35,955$35,302$34,669$33,369
3 years$24,636$23,937$23,265$22,618$21,995$20,731
4 years$18,293$17,597$16,931$16,295$15,687$14,468
5 years$14,488$13,796$13,139$12,516$11,925$10,754
6 years$11,952$11,265$10,619$10,009$9,436$8,315
7 years$10,141$9,461$8,824$8,229$7,674$6,603
8 years$8,784$8,110$7,484$6,903$6,366$5,345
9 years$7,729$7,061$6,446$5,880$5,361$4,389
10 years$6,886$6,224$5,619$5,069$4,568$3,644
11 years$6,196$5,541$4,947$4,411$3,929$3,052
12 years$5,621$4,973$4,391$3,869$3,405$2,574
13 years$5,136$4,494$3,923$3,416$2,969$2,183
14 years$4,720$4,085$3,525$3,032$2,602$1,861
15 years$4,360$3,732$3,182$2,704$2,291$1,592
16 years$4,045$3,424$2,885$2,421$2,025$1,366
17 years$3,767$3,153$2,625$2,176$1,796$1,175
18 years$3,521$2,914$2,397$1,961$1,597$1,014
19 years$3,301$2,700$2,194$1,772$1,423$876
20 years$3,103$2,509$2,014$1,605$1,271$758
21 years$2,924$2,337$1,852$1,456$1,138$657
22 years$2,762$2,182$1,707$1,324$1,020$571
23 years$2,614$2,041$1,576$1,206$915$496
24 years$2,478$1,912$1,458$1,100$823$431
25 years$2,354$1,794$1,350$1,004$740$375
26 years$2,239$1,686$1,252$918$667$327
27 years$2,133$1,587$1,163$841$601$285
28 years$2,035$1,495$1,081$770$542$248
29 years$1,944$1,411$1,006$706$490$217
30 years$1,858$1,332$937$648$443$189
31 years$1,779$1,259$873$595$400$165
32 years$1,705$1,192$815$547$362$144
33 years$1,635$1,129$761$503$328$126
34 years$1,570$1,070$711$463$297$110
35 years$1,508$1,015$665$426$269$96
36 years$1,450$963$622$392$243$84
37 years$1,395$915$582$362$221$73
38 years$1,344$869$545$333$200$64
39 years$1,295$826$511$307$181$56
40 years$1,248$786$479$283$164$49
41 years$1,204$749$449$262$149$43
42 years$1,162$713$421$241$135$37
43 years$1,123$679$395$223$123$33
44 years$1,085$647$371$206$112$29
45 years$1,049$617$348$190$101$25
46 years$1,014$589$327$175$92$22
47 years$981$562$307$162$83$19
48 years$950$537$289$150$76$17
49 years$920$512$271$138$69$15
50 years$891$489$255$128$63$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $913,000, adding $6,782 every year, while hoping to spend $51,329 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: 43/45/12 Blend
63$913,000$913,000$913,000$913,000
64$1,013,122$964,733$950,581$1,052,882
65$1,061,846$957,391$927,812$1,073,989
66$1,113,821$947,969$902,560$1,091,159
67$1,169,322$936,311$874,687$1,108,623
68$1,228,654$922,251$844,050$1,126,429
69$1,292,150$905,615$810,499$1,144,635
70$1,360,174$886,215$773,876$1,163,306
71$1,433,129$863,856$734,017$1,182,519
72$1,511,452$838,330$690,751$1,202,362
73$1,595,627$809,415$643,898$1,222,939
74$1,686,183$776,878$593,271$1,244,366
75$1,783,702$740,473$538,673$1,266,779
76$1,888,821$699,938$479,901$1,290,332
77$2,002,243$654,998$416,740$1,315,200
78$2,124,738$605,359$348,967$1,341,583
79$2,257,153$550,713$276,349$1,369,707
80$2,400,419$490,734$198,643$1,399,831
81$2,555,558$425,076$115,594$1,432,243
82$2,723,696$353,376$26,937$1,467,273
83$2,906,070$275,248$0$1,505,291
84$3,104,038$190,285$0$1,555,378
85$3,319,099$98,057$0$1,613,583
86$3,552,897$0$0$1,677,018
87$3,807,242$0$0$1,747,250
88$4,084,128$0$0$1,876,665
89$4,385,744$0$0$2,017,742
90$4,714,505$0$0$2,171,623
91$5,073,063$0$0$2,339,564
92$5,464,341$0$0$2,522,947
93$5,891,555$0$0$2,723,296
94$6,358,246$0$0$2,942,285
95$6,868,310$0$0$3,181,759
96$7,426,038$0$0$3,443,749
97$8,036,155$0$0$3,730,492
98$8,703,863$0$0$4,044,450
99$9,434,890$0$0$4,388,335
100$10,235,543$0$0$4,765,135