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%15.7%
1 years$75,973$75,296$74,636$73,991$73,362$71,647
2 years$37,610$36,910$36,231$35,573$34,934$33,216
3 years$24,824$24,121$23,444$22,792$22,164$20,496
4 years$18,433$17,731$17,061$16,420$15,807$14,203
5 years$14,599$13,902$13,240$12,612$12,017$10,480
6 years$12,044$11,352$10,700$10,086$9,508$8,041
7 years$10,219$9,533$8,892$8,292$7,733$6,336
8 years$8,852$8,172$7,541$6,956$6,415$5,087
9 years$7,788$7,115$6,495$5,925$5,402$4,143
10 years$6,938$6,271$5,662$5,108$4,603$3,410
11 years$6,243$5,583$4,985$4,445$3,959$2,831
12 years$5,664$5,011$4,424$3,899$3,431$2,366
13 years$5,175$4,529$3,953$3,442$2,992$1,988
14 years$4,756$4,116$3,552$3,056$2,622$1,678
15 years$4,393$3,760$3,207$2,725$2,309$1,422
16 years$4,076$3,450$2,907$2,440$2,041$1,208
17 years$3,796$3,177$2,645$2,192$1,809$1,029
18 years$3,548$2,936$2,415$1,976$1,609$879
19 years$3,326$2,721$2,211$1,785$1,434$751
20 years$3,127$2,529$2,029$1,617$1,281$644
21 years$2,947$2,355$1,866$1,467$1,146$552
22 years$2,783$2,199$1,720$1,334$1,027$474
23 years$2,634$2,056$1,588$1,215$922$407
24 years$2,497$1,927$1,469$1,108$829$350
25 years$2,372$1,808$1,360$1,012$746$301
26 years$2,256$1,699$1,262$925$672$260
27 years$2,150$1,599$1,172$847$606$224
28 years$2,050$1,507$1,089$776$547$193
29 years$1,958$1,422$1,014$712$494$166
30 years$1,873$1,343$944$653$446$143
31 years$1,793$1,269$880$600$403$124
32 years$1,718$1,201$821$551$365$107
33 years$1,648$1,137$767$507$330$92
34 years$1,582$1,078$716$466$299$80
35 years$1,520$1,022$670$429$271$69
36 years$1,461$970$627$395$245$59
37 years$1,406$922$586$364$222$51
38 years$1,354$876$549$336$202$44
39 years$1,305$833$515$310$183$38
40 years$1,258$792$482$286$166$33
41 years$1,213$754$452$264$150$29
42 years$1,171$718$424$243$136$25
43 years$1,131$684$398$224$124$21
44 years$1,093$652$374$207$112$18
45 years$1,057$622$351$191$102$16
46 years$1,022$593$330$177$93$14
47 years$989$566$310$163$84$12
48 years$957$541$291$151$76$10
49 years$927$516$273$140$69$9
50 years$898$493$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 $920,000, adding $3,069 every year, while hoping to spend $24,627 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: 65/20/15 Blend
63$920,000$920,000$920,000$920,000
64$1,017,006$968,246$953,986$1,079,254
65$1,094,537$989,487$959,741$1,142,521
66$1,179,152$1,010,943$964,864$1,208,493
67$1,271,546$1,032,600$969,307$1,279,976
68$1,372,485$1,054,439$973,021$1,357,508
69$1,482,815$1,076,443$975,954$1,441,682
70$1,603,464$1,098,590$978,050$1,533,150
71$1,735,455$1,120,859$979,253$1,632,632
72$1,879,915$1,143,225$979,501$1,740,920
73$2,038,085$1,165,661$978,733$1,858,888
74$2,211,330$1,188,139$976,881$1,987,498
75$2,401,155$1,210,627$973,875$2,127,810
76$2,609,216$1,233,092$969,644$2,280,993
77$2,837,339$1,255,496$964,110$2,448,334
78$3,087,533$1,277,800$957,193$2,631,252
79$3,362,011$1,299,963$948,809$2,831,311
80$3,663,212$1,321,937$938,869$3,050,234
81$3,993,821$1,343,673$927,283$3,289,920
82$4,356,797$1,365,119$913,953$3,552,462
83$4,755,397$1,386,217$898,777$3,840,167
84$5,193,212$1,406,906$881,651$4,155,577
85$5,674,197$1,427,121$862,464$4,501,494
86$6,202,707$1,446,793$841,098$4,881,005
87$6,783,543$1,465,844$817,434$5,297,514
88$7,421,990$1,484,197$791,344$5,754,772
89$8,123,875$1,501,764$762,696$6,256,913
90$8,895,614$1,518,455$731,350$6,808,493
91$9,744,278$1,534,171$697,162$7,414,534
92$10,677,658$1,548,809$659,981$8,080,571
93$11,704,335$1,562,256$619,646$8,812,703
94$12,833,767$1,574,396$575,994$9,617,654
95$14,076,372$1,585,102$528,850$10,502,834
96$15,443,629$1,594,240$478,034$11,476,410
97$16,948,188$1,601,666$423,357$12,547,382
98$18,603,985$1,607,230$364,621$13,725,672
99$20,426,377$1,610,769$301,621$15,022,214
100$22,432,283$1,612,113$234,141$16,449,057