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%16.9%
1 years$75,808$75,132$74,474$73,830$73,203$71,145
2 years$37,529$36,830$36,152$35,495$34,858$32,801
3 years$24,770$24,069$23,393$22,742$22,116$20,123
4 years$18,393$17,693$17,024$16,385$15,773$13,860
5 years$14,567$13,871$13,211$12,585$11,990$10,163
6 years$12,017$11,327$10,677$10,064$9,488$7,747
7 years$10,197$9,512$8,872$8,274$7,716$6,062
8 years$8,832$8,154$7,525$6,941$6,401$4,834
9 years$7,771$7,099$6,481$5,912$5,391$3,908
10 years$6,923$6,258$5,650$5,096$4,593$3,193
11 years$6,230$5,571$4,974$4,435$3,950$2,630
12 years$5,652$5,000$4,415$3,890$3,423$2,181
13 years$5,164$4,519$3,944$3,435$2,985$1,818
14 years$4,746$4,107$3,544$3,049$2,617$1,522
15 years$4,384$3,752$3,200$2,719$2,304$1,278
16 years$4,067$3,443$2,901$2,435$2,036$1,077
17 years$3,788$3,170$2,640$2,188$1,805$910
18 years$3,540$2,930$2,410$1,971$1,605$770
19 years$3,319$2,715$2,206$1,781$1,431$652
20 years$3,120$2,523$2,025$1,613$1,278$554
21 years$2,940$2,350$1,862$1,464$1,144$471
22 years$2,777$2,194$1,716$1,331$1,025$400
23 years$2,628$2,052$1,585$1,212$920$341
24 years$2,492$1,922$1,466$1,106$827$290
25 years$2,367$1,804$1,357$1,010$744$247
26 years$2,251$1,696$1,259$923$670$211
27 years$2,145$1,596$1,169$845$604$180
28 years$2,046$1,504$1,087$774$545$154
29 years$1,954$1,418$1,011$710$493$131
30 years$1,869$1,340$942$652$445$112
31 years$1,789$1,266$878$599$402$96
32 years$1,714$1,198$819$550$364$82
33 years$1,644$1,135$765$506$329$70
34 years$1,578$1,076$715$465$298$60
35 years$1,516$1,020$668$428$270$51
36 years$1,458$968$625$395$245$44
37 years$1,403$920$585$364$222$37
38 years$1,351$874$548$335$201$32
39 years$1,302$831$513$309$182$27
40 years$1,255$791$481$285$165$23
41 years$1,211$753$451$263$150$20
42 years$1,169$717$423$243$136$17
43 years$1,129$683$397$224$124$15
44 years$1,091$651$373$207$112$12
45 years$1,054$621$350$191$102$11
46 years$1,020$592$329$176$92$9
47 years$987$565$309$163$84$8
48 years$955$539$290$151$76$7
49 years$925$515$273$139$69$6
50 years$896$492$257$129$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $918,000, adding $3,585 every year, while hoping to spend $43,945 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: 41/46/13 Blend
63$918,000$918,000$918,000$918,000
64$1,015,334$966,680$952,451$1,052,922
65$1,072,141$967,290$937,601$1,080,355
66$1,133,269$966,457$920,781$1,105,414
67$1,199,113$964,065$901,877$1,131,573
68$1,270,107$959,987$880,774$1,158,954
69$1,346,725$954,094$857,347$1,187,692
70$1,429,491$946,244$831,468$1,217,937
71$1,518,978$936,290$803,002$1,249,860
72$1,615,820$924,074$771,809$1,283,651
73$1,720,710$909,430$737,740$1,319,524
74$1,834,410$892,180$700,643$1,357,718
75$1,957,761$872,138$660,355$1,398,500
76$2,091,686$849,106$616,710$1,442,170
77$2,237,199$822,873$569,531$1,489,061
78$2,395,417$793,218$518,634$1,539,546
79$2,567,570$759,905$463,829$1,594,042
80$2,755,008$722,687$404,913$1,653,011
81$2,959,220$681,300$341,679$1,716,973
82$3,181,842$635,465$273,907$1,786,502
83$3,424,676$584,890$201,369$1,862,240
84$3,689,706$529,262$123,827$1,944,901
85$3,979,113$468,253$41,033$2,035,281
86$4,295,302$401,516$0$2,134,262
87$4,640,916$328,684$0$2,249,390
88$5,018,869$249,369$0$2,381,693
89$5,432,368$163,162$0$2,526,724
90$5,884,943$69,631$0$2,685,871
91$6,380,483$0$0$2,860,668
92$6,923,269$0$0$3,068,855
93$7,518,017$0$0$3,335,709
94$8,169,919$0$0$3,628,327
95$8,884,694$0$0$3,949,292
96$9,668,642$0$0$4,301,448
97$10,528,700$0$0$4,687,928
98$11,472,511$0$0$5,112,183
99$12,508,492$0$0$5,578,013
100$13,645,915$0$0$6,089,606