Can I retire at age 64 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$75,973$75,296$74,636$73,991$73,362$72,505
2 years$37,610$36,910$36,231$35,573$34,934$34,072
3 years$24,824$24,121$23,444$22,792$22,164$21,323
4 years$18,433$17,731$17,061$16,420$15,807$14,994
5 years$14,599$13,902$13,240$12,612$12,017$11,233
6 years$12,044$11,352$10,700$10,086$9,508$8,756
7 years$10,219$9,533$8,892$8,292$7,733$7,012
8 years$8,852$8,172$7,541$6,956$6,415$5,725
9 years$7,788$7,115$6,495$5,925$5,402$4,743
10 years$6,938$6,271$5,662$5,108$4,603$3,975
11 years$6,243$5,583$4,985$4,445$3,959$3,360
12 years$5,664$5,011$4,424$3,899$3,431$2,861
13 years$5,175$4,529$3,953$3,442$2,992$2,451
14 years$4,756$4,116$3,552$3,056$2,622$2,110
15 years$4,393$3,760$3,207$2,725$2,309$1,823
16 years$4,076$3,450$2,907$2,440$2,041$1,581
17 years$3,796$3,177$2,645$2,192$1,809$1,375
18 years$3,548$2,936$2,415$1,976$1,609$1,199
19 years$3,326$2,721$2,211$1,785$1,434$1,047
20 years$3,127$2,529$2,029$1,617$1,281$917
21 years$2,947$2,355$1,866$1,467$1,146$804
22 years$2,783$2,199$1,720$1,334$1,027$706
23 years$2,634$2,056$1,588$1,215$922$620
24 years$2,497$1,927$1,469$1,108$829$546
25 years$2,372$1,808$1,360$1,012$746$481
26 years$2,256$1,699$1,262$925$672$424
27 years$2,150$1,599$1,172$847$606$374
28 years$2,050$1,507$1,089$776$547$330
29 years$1,958$1,422$1,014$712$494$291
30 years$1,873$1,343$944$653$446$257
31 years$1,793$1,269$880$600$403$227
32 years$1,718$1,201$821$551$365$201
33 years$1,648$1,137$767$507$330$178
34 years$1,582$1,078$716$466$299$157
35 years$1,520$1,022$670$429$271$139
36 years$1,461$970$627$395$245$123
37 years$1,406$922$586$364$222$109
38 years$1,354$876$549$336$202$96
39 years$1,305$833$515$310$183$85
40 years$1,258$792$482$286$166$76
41 years$1,213$754$452$264$150$67
42 years$1,171$718$424$243$136$59
43 years$1,131$684$398$224$124$53
44 years$1,093$652$374$207$112$47
45 years$1,057$622$351$191$102$41
46 years$1,022$593$330$177$93$37
47 years$989$566$310$163$84$32
48 years$957$541$291$151$76$29
49 years$927$516$273$140$69$25
50 years$898$493$257$129$63$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $920,000, adding $6,240 every year, while hoping to spend $46,284 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: 77/16/7 Blend
63$920,000$920,000$920,000$920,000
64$1,020,277$971,517$957,257$1,097,486
65$1,075,099$969,875$940,079$1,147,428
66$1,133,962$966,602$920,774$1,195,567
67$1,197,229$961,568$899,223$1,246,989
68$1,265,299$954,637$875,299$1,302,002
69$1,338,609$945,664$848,872$1,360,942
70$1,417,641$934,496$819,803$1,424,181
71$1,502,922$920,968$787,948$1,492,132
72$1,595,034$904,909$753,158$1,565,246
73$1,694,614$886,136$715,276$1,644,023
74$1,802,363$864,455$674,136$1,729,014
75$1,919,051$839,661$629,567$1,820,825
76$2,045,527$811,537$581,389$1,920,126
77$2,182,721$779,852$529,416$2,027,657
78$2,331,658$744,365$473,451$2,144,230
79$2,493,466$704,817$413,290$2,270,746
80$2,669,382$660,936$348,719$2,408,195
81$2,860,773$612,436$279,514$2,557,669
82$3,069,137$559,010$205,443$2,720,375
83$3,296,126$500,339$126,263$2,897,642
84$3,543,557$436,082$41,719$3,090,937
85$3,813,430$365,880$0$3,301,876
86$4,107,945$289,353$0$3,535,868
87$4,429,525$206,101$0$3,794,818
88$4,780,838$115,701$0$4,077,798
89$5,164,819$17,706$0$4,387,225
90$5,584,700$0$0$4,725,763
91$6,044,041$0$0$5,111,905
92$6,546,761$0$0$5,537,956
93$7,097,173$0$0$6,004,461
94$7,700,032$0$0$6,515,450
95$8,360,568$0$0$7,075,364
96$9,084,546$0$0$7,689,093
97$9,878,313$0$0$8,362,021
98$10,748,859$0$0$9,100,080
99$11,703,884$0$0$9,909,803
100$12,751,868$0$0$10,798,385