Can I retire at age 64 with 914,000?

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 $914,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$75,477$74,805$74,149$73,509$72,884$70,749
2 years$37,365$36,669$35,995$35,341$34,706$32,573
3 years$24,663$23,964$23,291$22,643$22,019$19,954
4 years$18,313$17,616$16,950$16,313$15,704$13,723
5 years$14,504$13,811$13,154$12,530$11,938$10,047
6 years$11,965$11,278$10,630$10,020$9,446$7,646
7 years$10,153$9,471$8,834$8,238$7,682$5,973
8 years$8,794$8,118$7,492$6,911$6,373$4,754
9 years$7,738$7,069$6,453$5,887$5,367$3,836
10 years$6,893$6,231$5,626$5,074$4,573$3,129
11 years$6,203$5,547$4,953$4,416$3,933$2,572
12 years$5,628$4,978$4,395$3,874$3,408$2,129
13 years$5,141$4,499$3,927$3,420$2,972$1,771
14 years$4,725$4,090$3,528$3,036$2,605$1,479
15 years$4,365$3,736$3,186$2,707$2,294$1,240
16 years$4,049$3,428$2,888$2,424$2,027$1,043
17 years$3,772$3,157$2,628$2,178$1,798$879
18 years$3,525$2,917$2,399$1,963$1,598$742
19 years$3,305$2,703$2,196$1,774$1,425$627
20 years$3,106$2,512$2,016$1,606$1,273$531
21 years$2,927$2,340$1,854$1,458$1,139$450
22 years$2,765$2,184$1,709$1,326$1,021$382
23 years$2,617$2,043$1,578$1,207$916$325
24 years$2,481$1,914$1,459$1,101$824$276
25 years$2,356$1,796$1,351$1,006$741$235
26 years$2,242$1,688$1,253$919$668$200
27 years$2,135$1,589$1,164$842$602$170
28 years$2,037$1,497$1,082$771$543$145
29 years$1,946$1,412$1,007$707$490$123
30 years$1,861$1,334$938$649$443$105
31 years$1,781$1,261$874$596$401$89
32 years$1,707$1,193$816$548$362$76
33 years$1,637$1,130$762$504$328$65
34 years$1,571$1,071$712$463$297$55
35 years$1,510$1,016$665$427$269$47
36 years$1,452$964$622$393$244$40
37 years$1,397$916$583$362$221$34
38 years$1,345$870$546$334$200$29
39 years$1,296$827$511$308$182$25
40 years$1,250$787$479$284$165$21
41 years$1,206$749$449$262$149$18
42 years$1,164$714$421$242$136$16
43 years$1,124$680$395$223$123$13
44 years$1,086$648$371$206$112$11
45 years$1,050$618$349$190$101$10
46 years$1,015$590$327$176$92$8
47 years$983$563$308$162$84$7
48 years$951$537$289$150$76$6
49 years$921$513$272$139$69$5
50 years$892$490$255$128$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $914,000, adding $6,443 every year, while hoping to spend $23,072 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: 59/25/16 Blend
63$914,000$914,000$914,000$914,000
64$1,013,874$965,432$951,265$1,069,169
65$1,092,741$988,190$958,584$1,130,052
66$1,178,879$1,011,289$965,375$1,193,298
67$1,273,005$1,034,723$971,595$1,261,733
68$1,375,909$1,058,482$977,202$1,335,862
69$1,488,461$1,082,557$982,147$1,416,238
70$1,611,618$1,106,936$986,383$1,503,474
71$1,746,434$1,131,607$989,858$1,598,243
72$1,894,070$1,156,555$992,517$1,701,288
73$2,055,803$1,181,765$994,305$1,813,426
74$2,233,043$1,207,219$995,162$1,935,557
75$2,427,338$1,232,898$995,025$2,068,676
76$2,640,398$1,258,781$993,830$2,213,875
77$2,874,102$1,284,845$991,506$2,372,360
78$3,130,521$1,311,063$987,983$2,545,460
79$3,411,939$1,337,410$983,184$2,734,637
80$3,720,867$1,363,853$977,031$2,941,506
81$4,060,074$1,390,361$969,441$3,167,844
82$4,432,610$1,416,897$960,326$3,415,611
83$4,841,836$1,443,424$949,596$3,686,965
84$5,291,450$1,469,899$937,155$3,984,286
85$5,785,531$1,496,278$922,903$4,310,198
86$6,328,571$1,522,511$906,736$4,667,589
87$6,925,518$1,548,546$888,544$5,059,647
88$7,581,823$1,574,328$868,212$5,489,882
89$8,303,494$1,599,794$845,622$5,962,163
90$9,097,147$1,624,881$820,647$6,480,756
91$9,970,073$1,649,517$793,156$7,050,361
92$10,930,306$1,673,629$763,012$7,676,159
93$11,986,697$1,697,136$730,072$8,363,860
94$13,148,996$1,719,952$694,186$9,119,756
95$14,427,949$1,741,986$655,197$9,950,785
96$15,835,395$1,763,138$612,941$10,864,590
97$17,384,377$1,783,304$567,247$11,869,598
98$19,089,270$1,802,372$517,936$12,975,094
99$20,965,910$1,820,222$464,821$14,191,313
100$23,031,747$1,836,728$407,707$15,529,536