Can I retire at age 64 with 917,000?

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 $917,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$75,725$75,050$74,392$73,750$73,123$70,444
2 years$37,488$36,789$36,113$35,457$34,820$32,152
3 years$24,743$24,042$23,367$22,717$22,092$19,516
4 years$18,373$17,674$17,005$16,367$15,756$13,294
5 years$14,551$13,856$13,197$12,571$11,977$9,635
6 years$12,004$11,315$10,665$10,053$9,477$7,257
7 years$10,186$9,502$8,863$8,265$7,708$5,608
8 years$8,823$8,145$7,516$6,934$6,394$4,414
9 years$7,763$7,092$6,474$5,906$5,385$3,521
10 years$6,916$6,251$5,644$5,091$4,588$2,837
11 years$6,223$5,565$4,969$4,431$3,946$2,304
12 years$5,646$4,995$4,410$3,886$3,419$1,883
13 years$5,158$4,514$3,940$3,431$2,982$1,546
14 years$4,741$4,103$3,540$3,046$2,614$1,275
15 years$4,379$3,748$3,196$2,716$2,301$1,054
16 years$4,063$3,439$2,898$2,432$2,034$874
17 years$3,784$3,167$2,637$2,185$1,804$726
18 years$3,537$2,926$2,407$1,969$1,604$605
19 years$3,315$2,712$2,204$1,779$1,429$504
20 years$3,117$2,520$2,022$1,612$1,277$421
21 years$2,937$2,348$1,860$1,463$1,143$352
22 years$2,774$2,191$1,714$1,330$1,024$294
23 years$2,625$2,050$1,583$1,211$919$246
24 years$2,489$1,920$1,464$1,105$826$206
25 years$2,364$1,802$1,356$1,009$744$172
26 years$2,249$1,694$1,258$922$670$144
27 years$2,142$1,594$1,168$844$604$121
28 years$2,044$1,502$1,086$774$545$102
29 years$1,952$1,417$1,010$709$492$85
30 years$1,867$1,338$941$651$445$71
31 years$1,787$1,265$877$598$402$60
32 years$1,712$1,197$818$549$364$50
33 years$1,642$1,134$764$505$329$42
34 years$1,576$1,074$714$465$298$35
35 years$1,515$1,019$668$428$270$30
36 years$1,456$967$625$394$244$25
37 years$1,401$919$585$363$222$21
38 years$1,349$873$547$335$201$18
39 years$1,300$830$513$309$182$15
40 years$1,254$790$481$285$165$12
41 years$1,209$752$451$263$150$10
42 years$1,167$716$423$242$136$9
43 years$1,128$682$397$224$123$7
44 years$1,090$650$372$207$112$6
45 years$1,053$620$350$191$102$5
46 years$1,019$592$328$176$92$4
47 years$986$565$309$163$84$4
48 years$954$539$290$150$76$3
49 years$924$515$273$139$69$3
50 years$895$492$256$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $917,000, adding $3,118 every year, while hoping to spend $52,139 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: 59/35/6 Blend
63$917,000$917,000$917,000$917,000
64$1,013,750$965,149$950,936$1,072,187
65$1,061,677$956,966$927,317$1,103,536
66$1,112,745$946,634$901,159$1,131,463
67$1,167,220$933,994$872,322$1,160,595
68$1,225,392$918,875$840,660$1,191,050
69$1,287,579$901,097$806,019$1,222,960
70$1,354,131$880,470$768,240$1,256,472
71$1,425,431$856,791$727,155$1,291,750
72$1,501,898$829,848$682,588$1,328,979
73$1,583,994$799,413$634,357$1,368,363
74$1,672,224$765,247$582,271$1,410,132
75$1,767,144$727,096$526,130$1,454,542
76$1,869,362$684,694$465,725$1,501,878
77$1,979,549$637,756$400,838$1,552,457
78$2,098,440$585,982$331,243$1,606,634
79$2,226,842$529,057$256,701$1,664,804
80$2,365,643$466,644$176,964$1,727,405
81$2,515,820$398,391$91,773$1,794,925
82$2,678,444$323,923$858$1,867,909
83$2,854,696$242,845$0$1,946,962
84$3,045,871$154,741$0$2,038,910
85$3,253,396$59,169$0$2,138,804
86$3,478,839$0$0$2,247,438
87$3,723,926$0$0$2,382,827
88$3,990,554$0$0$2,554,974
89$4,280,812$0$0$2,742,447
90$4,596,997$0$0$2,946,738
91$4,941,640$0$0$3,169,490
92$5,317,522$0$0$3,412,512
93$5,727,707$0$0$3,677,793
94$6,175,566$0$0$3,967,525
95$6,664,811$0$0$4,284,120
96$7,199,528$0$0$4,630,233
97$7,784,217$0$0$5,008,787
98$8,423,829$0$0$5,423,000
99$9,123,818$0$0$5,876,418
100$9,890,190$0$0$6,372,943