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%14.7%
1 years$75,477$74,805$74,149$73,509$72,884$71,471
2 years$37,365$36,669$35,995$35,341$34,706$33,289
3 years$24,663$23,964$23,291$22,643$22,019$20,641
4 years$18,313$17,616$16,950$16,313$15,704$14,376
5 years$14,504$13,811$13,154$12,530$11,938$10,663
6 years$11,965$11,278$10,630$10,020$9,446$8,227
7 years$10,153$9,471$8,834$8,238$7,682$6,518
8 years$8,794$8,118$7,492$6,911$6,373$5,264
9 years$7,738$7,069$6,453$5,887$5,367$4,313
10 years$6,893$6,231$5,626$5,074$4,573$3,572
11 years$6,203$5,547$4,953$4,416$3,933$2,984
12 years$5,628$4,978$4,395$3,874$3,408$2,510
13 years$5,141$4,499$3,927$3,420$2,972$2,124
14 years$4,725$4,090$3,528$3,036$2,605$1,805
15 years$4,365$3,736$3,186$2,707$2,294$1,539
16 years$4,049$3,428$2,888$2,424$2,027$1,317
17 years$3,772$3,157$2,628$2,178$1,798$1,130
18 years$3,525$2,917$2,399$1,963$1,598$972
19 years$3,305$2,703$2,196$1,774$1,425$838
20 years$3,106$2,512$2,016$1,606$1,273$723
21 years$2,927$2,340$1,854$1,458$1,139$625
22 years$2,765$2,184$1,709$1,326$1,021$541
23 years$2,617$2,043$1,578$1,207$916$468
24 years$2,481$1,914$1,459$1,101$824$406
25 years$2,356$1,796$1,351$1,006$741$352
26 years$2,242$1,688$1,253$919$668$306
27 years$2,135$1,589$1,164$842$602$266
28 years$2,037$1,497$1,082$771$543$231
29 years$1,946$1,412$1,007$707$490$201
30 years$1,861$1,334$938$649$443$174
31 years$1,781$1,261$874$596$401$152
32 years$1,707$1,193$816$548$362$132
33 years$1,637$1,130$762$504$328$115
34 years$1,571$1,071$712$463$297$100
35 years$1,510$1,016$665$427$269$87
36 years$1,452$964$622$393$244$76
37 years$1,397$916$583$362$221$66
38 years$1,345$870$546$334$200$58
39 years$1,296$827$511$308$182$50
40 years$1,250$787$479$284$165$44
41 years$1,206$749$449$262$149$38
42 years$1,164$714$421$242$136$33
43 years$1,124$680$395$223$123$29
44 years$1,086$648$371$206$112$25
45 years$1,050$618$349$190$101$22
46 years$1,015$590$327$176$92$19
47 years$983$563$308$162$84$17
48 years$951$537$289$150$76$15
49 years$921$513$272$139$69$13
50 years$892$490$255$128$63$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $914,000, adding $2,109 every year, while hoping to spend $30,423 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: 51/20/29 Blend
63$914,000$914,000$914,000$914,000
64$1,009,403$960,961$946,794$1,052,528
65$1,079,993$975,679$946,142$1,097,564
66$1,156,763$990,097$944,448$1,143,300
67$1,240,311$1,004,171$941,646$1,192,444
68$1,331,297$1,017,849$937,665$1,245,334
69$1,430,444$1,031,079$932,432$1,302,343
70$1,538,549$1,043,802$925,869$1,363,886
71$1,656,491$1,055,958$917,895$1,430,417
72$1,785,235$1,067,481$908,426$1,502,441
73$1,925,843$1,078,303$897,373$1,580,514
74$2,079,487$1,088,347$884,643$1,665,251
75$2,247,455$1,097,536$870,138$1,757,329
76$2,431,165$1,105,785$853,758$1,857,498
77$2,632,179$1,113,004$835,394$1,966,585
78$2,852,217$1,119,097$814,936$2,085,504
79$3,093,173$1,123,963$792,266$2,215,261
80$3,357,133$1,127,493$767,263$2,356,971
81$3,646,393$1,129,572$739,798$2,511,862
82$3,963,482$1,130,079$709,739$2,681,290
83$4,311,188$1,128,883$676,945$2,866,751
84$4,692,577$1,125,846$641,271$3,069,897
85$5,111,029$1,120,822$602,563$3,292,552
86$5,570,268$1,113,657$560,663$3,536,728
87$6,074,394$1,104,184$515,403$3,804,644
88$6,627,923$1,092,230$466,610$4,098,751
89$7,235,831$1,077,609$414,102$4,421,751
90$7,903,599$1,060,126$357,688$4,776,628
91$8,637,266$1,039,571$297,170$5,166,671
92$9,443,483$1,015,726$232,341$5,595,511
93$10,329,578$988,357$162,984$6,067,154
94$11,303,626$957,216$88,874$6,586,017
95$12,374,519$922,044$9,776$7,156,973
96$13,552,059$882,562$0$7,785,399
97$14,847,040$838,479$0$8,500,320
98$16,271,359$789,485$0$9,289,909
99$17,838,121$735,253$0$10,158,435
100$19,561,765$675,437$0$11,113,940