Can I retire at age 64 with 918,000?

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 $918,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$75,808$75,132$74,474$73,830$73,203$71,404
2 years$37,529$36,830$36,152$35,495$34,858$33,057
3 years$24,770$24,069$23,393$22,742$22,116$20,369
4 years$18,393$17,693$17,024$16,385$15,773$14,093
5 years$14,567$13,871$13,211$12,585$11,990$10,383
6 years$12,017$11,327$10,677$10,064$9,488$7,954
7 years$10,197$9,512$8,872$8,274$7,716$6,256
8 years$8,832$8,154$7,525$6,941$6,401$5,014
9 years$7,771$7,099$6,481$5,912$5,391$4,076
10 years$6,923$6,258$5,650$5,096$4,593$3,349
11 years$6,230$5,571$4,974$4,435$3,950$2,775
12 years$5,652$5,000$4,415$3,890$3,423$2,315
13 years$5,164$4,519$3,944$3,435$2,985$1,941
14 years$4,746$4,107$3,544$3,049$2,617$1,635
15 years$4,384$3,752$3,200$2,719$2,304$1,382
16 years$4,067$3,443$2,901$2,435$2,036$1,172
17 years$3,788$3,170$2,640$2,188$1,805$996
18 years$3,540$2,930$2,410$1,971$1,605$849
19 years$3,319$2,715$2,206$1,781$1,431$724
20 years$3,120$2,523$2,025$1,613$1,278$619
21 years$2,940$2,350$1,862$1,464$1,144$530
22 years$2,777$2,194$1,716$1,331$1,025$454
23 years$2,628$2,052$1,585$1,212$920$389
24 years$2,492$1,922$1,466$1,106$827$334
25 years$2,367$1,804$1,357$1,010$744$287
26 years$2,251$1,696$1,259$923$670$246
27 years$2,145$1,596$1,169$845$604$212
28 years$2,046$1,504$1,087$774$545$182
29 years$1,954$1,418$1,011$710$493$156
30 years$1,869$1,340$942$652$445$135
31 years$1,789$1,266$878$599$402$116
32 years$1,714$1,198$819$550$364$100
33 years$1,644$1,135$765$506$329$86
34 years$1,578$1,076$715$465$298$74
35 years$1,516$1,020$668$428$270$64
36 years$1,458$968$625$395$245$55
37 years$1,403$920$585$364$222$47
38 years$1,351$874$548$335$201$41
39 years$1,302$831$513$309$182$35
40 years$1,255$791$481$285$165$30
41 years$1,211$753$451$263$150$26
42 years$1,169$717$423$243$136$22
43 years$1,129$683$397$224$124$19
44 years$1,091$651$373$207$112$17
45 years$1,054$621$350$191$102$14
46 years$1,020$592$329$176$92$12
47 years$987$565$309$163$84$11
48 years$955$539$290$151$76$9
49 years$925$515$273$139$69$8
50 years$896$492$257$129$63$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $918,000, adding $2,081 every year, while hoping to spend $59,723 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: 45/46/9 Blend
63$918,000$918,000$918,000$918,000
64$1,013,783$965,129$950,900$1,056,742
65$1,053,644$948,875$919,210$1,070,413
66$1,095,569$929,823$884,457$1,078,921
67$1,139,706$907,774$846,475$1,086,783
68$1,186,215$882,514$805,091$1,093,961
69$1,235,271$853,819$760,124$1,100,416
70$1,287,065$821,452$711,384$1,106,111
71$1,341,804$785,162$658,674$1,111,009
72$1,399,716$744,683$601,788$1,115,075
73$1,461,047$699,733$540,508$1,118,277
74$1,526,069$650,015$474,611$1,120,585
75$1,595,078$595,215$403,859$1,121,971
76$1,668,395$535,001$328,008$1,122,413
77$1,746,376$469,020$246,801$1,121,893
78$1,829,406$396,902$159,969$1,120,399
79$1,917,910$318,255$67,232$1,117,925
80$2,012,352$232,664$0$1,114,476
81$2,113,239$139,691$0$1,113,111
82$2,221,128$38,875$0$1,117,895
83$2,336,631$0$0$1,122,432
84$2,460,418$0$0$1,162,376
85$2,593,222$0$0$1,226,415
86$2,735,850$0$0$1,295,268
87$2,889,187$0$0$1,369,373
88$3,054,204$0$0$1,449,208
89$3,231,969$0$0$1,535,302
90$3,423,651$0$0$1,628,234
91$3,630,539$0$0$1,728,638
92$3,854,046$0$0$1,837,215
93$4,095,726$0$0$1,954,734
94$4,357,288$0$0$2,082,037
95$4,640,608$0$0$2,220,056
96$4,947,752$0$0$2,369,810
97$5,280,990$0$0$2,532,423
98$5,642,817$0$0$2,709,131
99$6,035,980$0$0$2,901,293
100$6,463,501$0$0$3,110,404