Can I retire at age 64 with 913,000?

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 $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%15.3%
1 years$75,395$74,723$74,068$73,428$72,804$71,218
2 years$37,324$36,629$35,955$35,302$34,669$33,078
3 years$24,636$23,937$23,265$22,618$21,995$20,451
4 years$18,293$17,597$16,931$16,295$15,687$14,200
5 years$14,488$13,796$13,139$12,516$11,925$10,500
6 years$11,952$11,265$10,619$10,009$9,436$8,074
7 years$10,141$9,461$8,824$8,229$7,674$6,376
8 years$8,784$8,110$7,484$6,903$6,366$5,131
9 years$7,729$7,061$6,446$5,880$5,361$4,189
10 years$6,886$6,224$5,619$5,069$4,568$3,457
11 years$6,196$5,541$4,947$4,411$3,929$2,877
12 years$5,621$4,973$4,391$3,869$3,405$2,411
13 years$5,136$4,494$3,923$3,416$2,969$2,031
14 years$4,720$4,085$3,525$3,032$2,602$1,719
15 years$4,360$3,732$3,182$2,704$2,291$1,460
16 years$4,045$3,424$2,885$2,421$2,025$1,244
17 years$3,767$3,153$2,625$2,176$1,796$1,063
18 years$3,521$2,914$2,397$1,961$1,597$910
19 years$3,301$2,700$2,194$1,772$1,423$781
20 years$3,103$2,509$2,014$1,605$1,271$671
21 years$2,924$2,337$1,852$1,456$1,138$577
22 years$2,762$2,182$1,707$1,324$1,020$497
23 years$2,614$2,041$1,576$1,206$915$429
24 years$2,478$1,912$1,458$1,100$823$370
25 years$2,354$1,794$1,350$1,004$740$319
26 years$2,239$1,686$1,252$918$667$276
27 years$2,133$1,587$1,163$841$601$238
28 years$2,035$1,495$1,081$770$542$206
29 years$1,944$1,411$1,006$706$490$178
30 years$1,858$1,332$937$648$443$154
31 years$1,779$1,259$873$595$400$134
32 years$1,705$1,192$815$547$362$116
33 years$1,635$1,129$761$503$328$100
34 years$1,570$1,070$711$463$297$87
35 years$1,508$1,015$665$426$269$75
36 years$1,450$963$622$392$243$65
37 years$1,395$915$582$362$221$56
38 years$1,344$869$545$333$200$49
39 years$1,295$826$511$307$181$42
40 years$1,248$786$479$283$164$37
41 years$1,204$749$449$262$149$32
42 years$1,162$713$421$241$135$28
43 years$1,123$679$395$223$123$24
44 years$1,085$647$371$206$112$21
45 years$1,049$617$348$190$101$18
46 years$1,014$589$327$175$92$16
47 years$981$562$307$162$83$14
48 years$950$537$289$150$76$12
49 years$920$512$271$138$69$10
50 years$891$489$255$128$63$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $913,000, adding $6,735 every year, while hoping to spend $54,910 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: 75/18/7 Blend
63$913,000$913,000$913,000$913,000
64$1,013,073$964,684$950,533$1,087,614
65$1,057,983$953,530$923,952$1,126,433
66$1,105,633$939,989$894,640$1,161,300
67$1,156,245$923,886$862,448$1,197,928
68$1,210,061$905,035$827,219$1,236,471
69$1,267,347$883,242$788,791$1,277,099
70$1,328,393$858,297$746,991$1,320,002
71$1,393,516$829,980$701,643$1,365,387
72$1,463,065$798,060$652,558$1,413,486
73$1,537,421$762,289$599,543$1,464,552
74$1,617,004$722,406$542,392$1,518,868
75$1,702,270$678,136$480,895$1,576,746
76$1,793,725$629,188$414,828$1,638,531
77$1,891,919$575,252$343,959$1,704,605
78$1,997,458$516,003$268,045$1,775,388
79$2,111,009$451,097$186,835$1,851,348
80$2,233,301$380,170$100,062$1,933,001
81$2,365,136$302,837$7,453$2,020,918
82$2,507,395$218,691$0$2,115,729
83$2,661,047$127,305$0$2,224,957
84$2,827,155$28,224$0$2,343,587
85$3,006,889$0$0$2,471,936
86$3,201,533$0$0$2,626,625
87$3,412,502$0$0$2,800,378
88$3,641,348$0$0$2,988,888
89$3,889,781$0$0$3,193,566
90$4,159,679$0$0$3,415,965
91$4,453,112$0$0$3,657,794
92$4,772,352$0$0$3,920,931
93$5,119,904$0$0$4,207,444
94$5,498,520$0$0$4,519,609
95$5,911,231$0$0$4,859,930
96$6,361,372$0$0$5,231,162
97$6,852,614$0$0$5,636,338
98$7,388,997$0$0$6,078,798
99$7,974,971$0$0$6,562,217
100$8,615,431$0$0$7,090,641