Can I retire at age 64 with 918,000?

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 $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%15.7%
1 years$75,808$75,132$74,474$73,830$73,203$71,491
2 years$37,529$36,830$36,152$35,495$34,858$33,144
3 years$24,770$24,069$23,393$22,742$22,116$20,451
4 years$18,393$17,693$17,024$16,385$15,773$14,172
5 years$14,567$13,871$13,211$12,585$11,990$10,457
6 years$12,017$11,327$10,677$10,064$9,488$8,024
7 years$10,197$9,512$8,872$8,274$7,716$6,322
8 years$8,832$8,154$7,525$6,941$6,401$5,076
9 years$7,771$7,099$6,481$5,912$5,391$4,134
10 years$6,923$6,258$5,650$5,096$4,593$3,403
11 years$6,230$5,571$4,974$4,435$3,950$2,825
12 years$5,652$5,000$4,415$3,890$3,423$2,361
13 years$5,164$4,519$3,944$3,435$2,985$1,984
14 years$4,746$4,107$3,544$3,049$2,617$1,674
15 years$4,384$3,752$3,200$2,719$2,304$1,419
16 years$4,067$3,443$2,901$2,435$2,036$1,205
17 years$3,788$3,170$2,640$2,188$1,805$1,027
18 years$3,540$2,930$2,410$1,971$1,605$877
19 years$3,319$2,715$2,206$1,781$1,431$750
20 years$3,120$2,523$2,025$1,613$1,278$642
21 years$2,940$2,350$1,862$1,464$1,144$551
22 years$2,777$2,194$1,716$1,331$1,025$473
23 years$2,628$2,052$1,585$1,212$920$406
24 years$2,492$1,922$1,466$1,106$827$350
25 years$2,367$1,804$1,357$1,010$744$301
26 years$2,251$1,696$1,259$923$670$259
27 years$2,145$1,596$1,169$845$604$223
28 years$2,046$1,504$1,087$774$545$192
29 years$1,954$1,418$1,011$710$493$166
30 years$1,869$1,340$942$652$445$143
31 years$1,789$1,266$878$599$402$123
32 years$1,714$1,198$819$550$364$107
33 years$1,644$1,135$765$506$329$92
34 years$1,578$1,076$715$465$298$79
35 years$1,516$1,020$668$428$270$69
36 years$1,458$968$625$395$245$59
37 years$1,403$920$585$364$222$51
38 years$1,351$874$548$335$201$44
39 years$1,302$831$513$309$182$38
40 years$1,255$791$481$285$165$33
41 years$1,211$753$451$263$150$28
42 years$1,169$717$423$243$136$25
43 years$1,129$683$397$224$124$21
44 years$1,091$651$373$207$112$18
45 years$1,054$621$350$191$102$16
46 years$1,020$592$329$176$92$14
47 years$987$565$309$163$84$12
48 years$955$539$290$151$76$10
49 years$925$515$273$139$69$9
50 years$896$492$257$129$63$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $918,000, adding $2,924 every year, while hoping to spend $44,235 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: 56/36/8 Blend
63$918,000$918,000$918,000$918,000
64$1,014,652$965,998$951,769$1,069,420
65$1,071,081$966,266$936,588$1,106,968
66$1,131,783$965,065$919,415$1,142,670
67$1,197,147$962,276$900,138$1,180,479
68$1,267,601$957,772$878,638$1,220,601
69$1,343,614$951,421$854,790$1,263,266
70$1,425,703$943,080$828,465$1,308,728
71$1,514,433$932,599$799,527$1,357,269
72$1,610,427$919,819$767,833$1,409,200
73$1,714,371$904,571$733,236$1,464,870
74$1,827,017$886,675$695,580$1,524,662
75$1,949,194$865,943$654,702$1,589,002
76$2,081,810$842,172$610,433$1,658,362
77$2,225,868$815,152$562,596$1,733,265
78$2,382,469$784,657$511,006$1,814,292
79$2,552,825$750,449$455,468$1,902,083
80$2,738,268$712,276$395,781$1,997,351
81$2,940,265$669,872$331,734$2,100,881
82$3,160,431$622,954$263,106$2,213,547
83$3,400,542$571,226$189,667$2,336,312
84$3,662,554$514,373$111,178$2,470,245
85$3,948,618$452,061$27,386$2,616,529
86$4,261,104$383,939$0$2,776,470
87$4,602,620$309,635$0$2,956,811
88$4,976,037$228,757$0$3,156,697
89$5,384,518$140,891$0$3,375,580
90$5,831,542$45,598$0$3,615,445
91$6,320,944$0$0$3,878,483
92$6,856,944$0$0$4,189,924
93$7,444,191$0$0$4,551,015
94$8,087,804$0$0$4,946,849
95$8,793,421$0$0$5,380,904
96$9,567,252$0$0$5,857,011
97$10,416,137$0$0$6,379,390
98$11,347,607$0$0$6,952,688
99$12,369,962$0$0$7,582,024
100$13,492,342$0$0$8,273,037