Can I retire at age 64 with 919,000?

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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$75,890$75,214$74,555$73,911$73,282$71,920
2 years$37,569$36,870$36,192$35,534$34,896$33,529
3 years$24,797$24,095$23,418$22,767$22,140$20,810
4 years$18,413$17,712$17,043$16,402$15,790$14,508
5 years$14,583$13,887$13,226$12,599$12,003$10,773
6 years$12,031$11,339$10,688$10,075$9,498$8,320
7 years$10,208$9,523$8,882$8,283$7,724$6,600
8 years$8,842$8,163$7,533$6,949$6,408$5,336
9 years$7,780$7,107$6,488$5,919$5,397$4,377
10 years$6,931$6,265$5,656$5,102$4,598$3,630
11 years$6,236$5,577$4,980$4,440$3,955$3,036
12 years$5,658$5,006$4,419$3,895$3,427$2,557
13 years$5,170$4,524$3,948$3,438$2,988$2,166
14 years$4,751$4,112$3,548$3,052$2,620$1,843
15 years$4,388$3,756$3,203$2,722$2,306$1,575
16 years$4,072$3,446$2,904$2,437$2,038$1,350
17 years$3,792$3,174$2,643$2,190$1,807$1,160
18 years$3,544$2,933$2,412$1,974$1,607$999
19 years$3,323$2,718$2,208$1,783$1,432$862
20 years$3,123$2,526$2,027$1,615$1,279$745
21 years$2,943$2,353$1,864$1,466$1,145$645
22 years$2,780$2,196$1,718$1,333$1,026$559
23 years$2,631$2,054$1,586$1,214$921$485
24 years$2,495$1,924$1,467$1,107$828$421
25 years$2,369$1,806$1,359$1,011$745$366
26 years$2,254$1,697$1,260$924$671$318
27 years$2,147$1,597$1,170$846$605$277
28 years$2,048$1,505$1,088$775$546$241
29 years$1,956$1,420$1,012$711$493$210
30 years$1,871$1,341$943$652$446$183
31 years$1,791$1,268$879$599$403$159
32 years$1,716$1,200$820$551$364$139
33 years$1,646$1,136$766$506$330$121
34 years$1,580$1,077$716$466$299$105
35 years$1,518$1,021$669$429$270$92
36 years$1,460$969$626$395$245$80
37 years$1,404$921$586$364$222$70
38 years$1,352$875$549$335$201$61
39 years$1,303$832$514$309$183$53
40 years$1,256$792$482$285$166$47
41 years$1,212$753$452$263$150$41
42 years$1,170$718$424$243$136$35
43 years$1,130$684$398$224$124$31
44 years$1,092$652$373$207$112$27
45 years$1,056$621$350$191$102$24
46 years$1,021$593$329$177$93$21
47 years$988$566$309$163$84$18
48 years$956$540$291$151$76$16
49 years$926$516$273$139$69$14
50 years$897$493$257$129$63$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $919,000, adding $4,485 every year, while hoping to spend $43,244 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: 35/45/20 Blend
63$919,000$919,000$919,000$919,000
64$1,017,364$968,657$954,413$1,046,631
65$1,075,124$970,110$940,374$1,069,957
66$1,137,326$970,185$924,416$1,090,778
67$1,204,378$968,768$906,429$1,112,350
68$1,276,727$965,740$886,296$1,134,763
69$1,354,864$960,973$863,899$1,158,123
70$1,439,331$954,332$839,110$1,182,549
71$1,530,721$945,672$811,799$1,208,174
72$1,629,687$934,843$781,826$1,235,151
73$1,736,947$921,682$749,049$1,263,649
74$1,853,290$906,018$713,317$1,293,863
75$1,979,584$887,671$674,471$1,326,008
76$2,116,783$866,449$632,348$1,360,328
77$2,265,939$842,149$586,775$1,397,098
78$2,428,205$814,554$537,572$1,436,623
79$2,604,853$783,439$484,552$1,479,249
80$2,797,282$748,561$427,518$1,525,360
81$3,007,031$709,667$366,266$1,575,388
82$3,235,793$666,486$300,582$1,629,815
83$3,485,434$618,734$230,241$1,689,179
84$3,758,006$566,109$155,011$1,754,081
85$4,055,767$508,292$74,648$1,825,192
86$4,381,204$444,948$0$1,903,261
87$4,737,056$375,720$0$1,991,492
88$5,126,338$300,232$0$2,105,596
89$5,552,368$218,087$0$2,230,719
90$6,018,803$128,867$0$2,368,072
91$6,529,667$32,127$0$2,518,999
92$7,089,393$0$0$2,684,988
93$7,702,863$0$0$2,903,637
94$8,375,452$0$0$3,160,933
95$9,113,083$0$0$3,443,249
96$9,922,278$0$0$3,753,098
97$10,810,219$0$0$4,093,248
98$11,784,821$0$0$4,466,750
99$12,854,798$0$0$4,876,962
100$14,029,753$0$0$5,327,587