Can I retire at age 64 with 923,000?

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 $923,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$76,220$75,542$74,879$74,233$73,601$73,046
2 years$37,733$37,030$36,349$35,689$35,048$34,488
3 years$24,905$24,200$23,520$22,866$22,236$21,689
4 years$18,493$17,789$17,117$16,474$15,859$15,329
5 years$14,646$13,947$13,283$12,653$12,056$11,544
6 years$12,083$11,389$10,735$10,119$9,539$9,047
7 years$10,253$9,564$8,921$8,319$7,758$7,285
8 years$8,880$8,198$7,565$6,979$6,436$5,982
9 years$7,814$7,138$6,516$5,945$5,420$4,986
10 years$6,961$6,292$5,681$5,124$4,618$4,203
11 years$6,264$5,601$5,001$4,460$3,972$3,575
12 years$5,683$5,027$4,439$3,912$3,442$3,064
13 years$5,192$4,543$3,966$3,453$3,001$2,641
14 years$4,772$4,130$3,563$3,066$2,631$2,289
15 years$4,407$3,773$3,217$2,734$2,317$1,991
16 years$4,089$3,461$2,917$2,448$2,047$1,739
17 years$3,809$3,188$2,654$2,199$1,815$1,523
18 years$3,560$2,946$2,423$1,982$1,614$1,337
19 years$3,337$2,730$2,218$1,791$1,439$1,177
20 years$3,137$2,537$2,036$1,622$1,285$1,038
21 years$2,956$2,363$1,872$1,472$1,150$916
22 years$2,792$2,206$1,726$1,339$1,031$811
23 years$2,642$2,063$1,593$1,219$925$718
24 years$2,505$1,933$1,474$1,112$832$637
25 years$2,380$1,814$1,365$1,015$748$565
26 years$2,264$1,705$1,266$928$674$502
27 years$2,157$1,604$1,175$850$608$446
28 years$2,057$1,512$1,093$779$548$397
29 years$1,965$1,426$1,017$714$495$353
30 years$1,879$1,347$947$655$447$315
31 years$1,799$1,273$883$602$405$280
32 years$1,723$1,205$824$553$366$250
33 years$1,653$1,141$769$509$331$223
34 years$1,587$1,081$719$468$300$199
35 years$1,525$1,026$672$431$272$177
36 years$1,466$973$629$397$246$158
37 years$1,411$925$588$366$223$141
38 years$1,358$879$551$337$202$126
39 years$1,309$836$516$311$183$113
40 years$1,262$795$484$287$166$101
41 years$1,217$757$454$264$151$90
42 years$1,175$721$426$244$137$80
43 years$1,135$687$399$225$124$72
44 years$1,097$655$375$208$113$64
45 years$1,060$624$352$192$102$57
46 years$1,025$595$331$177$93$51
47 years$992$568$311$164$84$46
48 years$961$542$292$151$77$41
49 years$930$518$274$140$70$37
50 years$901$495$258$129$63$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $923,000, adding $3,227 every year, while hoping to spend $25,219 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: 70/12/18 Blend
63$923,000$923,000$923,000$923,000
64$1,020,475$971,556$957,249$1,087,293
65$1,097,730$992,329$962,484$1,152,990
66$1,182,021$1,013,275$967,049$1,221,568
67$1,274,037$1,034,376$970,896$1,295,993
68$1,374,539$1,055,611$973,971$1,376,841
69$1,484,366$1,076,959$976,223$1,464,745
70$1,604,437$1,098,396$977,592$1,560,401
71$1,735,769$1,119,897$978,021$1,664,579
72$1,879,478$1,141,433$977,446$1,778,125
73$2,036,796$1,162,974$975,801$1,901,973
74$2,209,077$1,184,487$973,018$2,037,151
75$2,397,813$1,205,938$969,024$2,184,792
76$2,604,648$1,227,286$963,744$2,346,146
77$2,831,391$1,248,492$957,099$2,522,588
78$3,080,035$1,269,511$949,004$2,715,634
79$3,352,776$1,290,294$939,373$2,926,957
80$3,652,032$1,310,792$928,115$3,158,397
81$3,980,467$1,330,947$915,134$3,411,986
82$4,341,013$1,350,702$900,329$3,689,959
83$4,736,903$1,369,993$883,597$3,994,784
84$5,171,696$1,388,752$864,827$4,329,176
85$5,649,315$1,406,907$843,904$4,696,131
86$6,174,079$1,424,379$820,709$5,098,949
87$6,750,748$1,441,087$795,116$5,541,269
88$7,384,564$1,456,941$766,993$6,027,098
89$8,081,306$1,471,846$736,202$6,560,857
90$8,847,335$1,485,703$702,602$7,147,414
91$9,689,665$1,498,404$666,040$7,792,137
92$10,616,018$1,509,834$626,360$8,500,941
93$11,634,908$1,519,871$583,399$9,280,346
94$12,755,709$1,528,385$536,983$10,137,537
95$13,988,755$1,535,239$486,936$11,080,434
96$15,345,428$1,540,286$433,068$12,117,765
97$16,838,271$1,543,370$375,185$13,259,148
98$18,481,104$1,544,324$313,083$14,515,187
99$20,289,154$1,542,973$246,549$15,897,565
100$22,279,198$1,539,130$175,359$17,419,160