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%14.5%
1 years$75,973$75,296$74,636$73,991$73,362$71,999
2 years$37,610$36,910$36,231$35,573$34,934$33,566
3 years$24,824$24,121$23,444$22,792$22,164$20,833
4 years$18,433$17,731$17,061$16,420$15,807$14,524
5 years$14,599$13,902$13,240$12,612$12,017$10,785
6 years$12,044$11,352$10,700$10,086$9,508$8,329
7 years$10,219$9,533$8,892$8,292$7,733$6,607
8 years$8,852$8,172$7,541$6,956$6,415$5,342
9 years$7,788$7,115$6,495$5,925$5,402$4,382
10 years$6,938$6,271$5,662$5,108$4,603$3,634
11 years$6,243$5,583$4,985$4,445$3,959$3,040
12 years$5,664$5,011$4,424$3,899$3,431$2,560
13 years$5,175$4,529$3,953$3,442$2,992$2,169
14 years$4,756$4,116$3,552$3,056$2,622$1,845
15 years$4,393$3,760$3,207$2,725$2,309$1,576
16 years$4,076$3,450$2,907$2,440$2,041$1,351
17 years$3,796$3,177$2,645$2,192$1,809$1,161
18 years$3,548$2,936$2,415$1,976$1,609$1,000
19 years$3,326$2,721$2,211$1,785$1,434$863
20 years$3,127$2,529$2,029$1,617$1,281$746
21 years$2,947$2,355$1,866$1,467$1,146$645
22 years$2,783$2,199$1,720$1,334$1,027$559
23 years$2,634$2,056$1,588$1,215$922$485
24 years$2,497$1,927$1,469$1,108$829$421
25 years$2,372$1,808$1,360$1,012$746$366
26 years$2,256$1,699$1,262$925$672$318
27 years$2,150$1,599$1,172$847$606$277
28 years$2,050$1,507$1,089$776$547$241
29 years$1,958$1,422$1,014$712$494$210
30 years$1,873$1,343$944$653$446$183
31 years$1,793$1,269$880$600$403$159
32 years$1,718$1,201$821$551$365$139
33 years$1,648$1,137$767$507$330$121
34 years$1,582$1,078$716$466$299$106
35 years$1,520$1,022$670$429$271$92
36 years$1,461$970$627$395$245$80
37 years$1,406$922$586$364$222$70
38 years$1,354$876$549$336$202$61
39 years$1,305$833$515$310$183$53
40 years$1,258$792$482$286$166$47
41 years$1,213$754$452$264$150$41
42 years$1,171$718$424$243$136$36
43 years$1,131$684$398$224$124$31
44 years$1,093$652$374$207$112$27
45 years$1,057$622$351$191$102$24
46 years$1,022$593$330$177$93$21
47 years$989$566$310$163$84$18
48 years$957$541$291$151$76$16
49 years$927$516$273$140$69$14
50 years$898$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 $920,000, adding $4,606 every year, while hoping to spend $36,935 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: 46/44/10 Blend
63$920,000$920,000$920,000$920,000
64$1,018,591$969,831$955,571$1,062,396
65$1,083,189$978,054$948,284$1,101,349
66$1,153,138$985,442$939,515$1,139,400
67$1,228,944$991,916$929,176$1,179,839
68$1,311,166$997,389$917,173$1,222,899
69$1,400,416$1,001,772$903,409$1,268,840
70$1,497,368$1,004,969$887,782$1,317,948
71$1,602,763$1,006,876$870,187$1,370,540
72$1,717,418$1,007,386$850,511$1,426,970
73$1,842,230$1,006,382$828,638$1,487,626
74$1,978,185$1,003,743$804,446$1,552,941
75$2,126,372$999,339$777,807$1,623,391
76$2,287,986$993,030$748,587$1,699,506
77$2,464,343$984,671$716,647$1,781,871
78$2,656,893$974,107$681,841$1,871,134
79$2,867,230$961,172$644,017$1,968,011
80$3,097,110$945,692$603,015$2,073,297
81$3,348,467$927,483$558,667$2,187,869
82$3,623,429$906,348$510,801$2,312,697
83$3,924,340$882,080$459,234$2,448,855
84$4,253,781$854,460$403,776$2,597,530
85$4,614,592$823,255$344,229$2,760,036
86$5,009,905$788,219$280,385$2,937,824
87$5,443,166$749,092$212,028$3,132,498
88$5,918,170$705,598$138,932$3,345,834
89$6,439,098$657,447$60,861$3,579,791
90$7,010,555$604,331$0$3,836,537
91$7,637,612$545,924$0$4,120,861
92$8,325,857$481,883$0$4,440,100
93$9,081,443$411,844$0$4,790,704
94$9,911,148$335,422$0$5,175,932
95$10,822,441$252,213$0$5,599,383
96$11,823,547$161,789$0$6,065,028
97$12,923,527$63,695$0$6,577,252
98$14,132,367$0$0$7,140,895
99$15,461,062$0$0$7,781,900
100$16,921,732$0$0$8,520,590