Can I retire at age 64 with 923,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.2%
1 years$76,220$75,542$74,879$74,233$73,601$71,160
2 years$37,733$37,030$36,349$35,689$35,048$32,612
3 years$24,905$24,200$23,520$22,866$22,236$19,882
4 years$18,493$17,789$17,117$16,474$15,859$13,605
5 years$14,646$13,947$13,283$12,653$12,056$9,907
6 years$12,083$11,389$10,735$10,119$9,539$7,499
7 years$10,253$9,564$8,921$8,319$7,758$5,825
8 years$8,880$8,198$7,565$6,979$6,436$4,609
9 years$7,814$7,138$6,516$5,945$5,420$3,697
10 years$6,961$6,292$5,681$5,124$4,618$2,996
11 years$6,264$5,601$5,001$4,460$3,972$2,447
12 years$5,683$5,027$4,439$3,912$3,442$2,012
13 years$5,192$4,543$3,966$3,453$3,001$1,662
14 years$4,772$4,130$3,563$3,066$2,631$1,379
15 years$4,407$3,773$3,217$2,734$2,317$1,148
16 years$4,089$3,461$2,917$2,448$2,047$958
17 years$3,809$3,188$2,654$2,199$1,815$801
18 years$3,560$2,946$2,423$1,982$1,614$672
19 years$3,337$2,730$2,218$1,791$1,439$564
20 years$3,137$2,537$2,036$1,622$1,285$474
21 years$2,956$2,363$1,872$1,472$1,150$399
22 years$2,792$2,206$1,726$1,339$1,031$336
23 years$2,642$2,063$1,593$1,219$925$283
24 years$2,505$1,933$1,474$1,112$832$238
25 years$2,380$1,814$1,365$1,015$748$201
26 years$2,264$1,705$1,266$928$674$170
27 years$2,157$1,604$1,175$850$608$143
28 years$2,057$1,512$1,093$779$548$121
29 years$1,965$1,426$1,017$714$495$102
30 years$1,879$1,347$947$655$447$86
31 years$1,799$1,273$883$602$405$73
32 years$1,723$1,205$824$553$366$62
33 years$1,653$1,141$769$509$331$52
34 years$1,587$1,081$719$468$300$44
35 years$1,525$1,026$672$431$272$37
36 years$1,466$973$629$397$246$32
37 years$1,411$925$588$366$223$27
38 years$1,358$879$551$337$202$23
39 years$1,309$836$516$311$183$19
40 years$1,262$795$484$287$166$16
41 years$1,217$757$454$264$151$14
42 years$1,175$721$426$244$137$12
43 years$1,135$687$399$225$124$10
44 years$1,097$655$375$208$113$8
45 years$1,060$624$352$192$102$7
46 years$1,025$595$331$177$93$6
47 years$992$568$311$164$84$5
48 years$961$542$292$151$77$4
49 years$930$518$274$140$70$4
50 years$901$495$258$129$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $923,000, adding $5,123 every year, while hoping to spend $24,043 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: 55/33/12 Blend
63$923,000$923,000$923,000$923,000
64$1,022,430$973,511$959,205$1,075,253
65$1,101,137$995,632$965,757$1,133,782
66$1,187,065$1,018,030$971,722$1,194,418
67$1,280,927$1,040,695$977,056$1,259,879
68$1,383,506$1,063,613$981,712$1,330,628
69$1,495,663$1,086,770$985,639$1,407,177
70$1,618,348$1,110,149$988,785$1,490,089
71$1,752,606$1,133,733$991,096$1,579,985
72$1,899,588$1,157,502$992,513$1,677,549
73$2,060,560$1,181,434$992,977$1,783,533
74$2,236,919$1,205,506$992,423$1,898,767
75$2,430,202$1,229,692$990,786$2,024,166
76$2,642,100$1,253,965$987,995$2,160,738
77$2,874,478$1,278,293$983,977$2,309,593
78$3,129,390$1,302,645$978,656$2,471,954
79$3,409,097$1,326,984$971,950$2,649,170
80$3,716,090$1,351,271$963,775$2,842,727
81$4,053,113$1,375,465$954,044$3,054,263
82$4,423,190$1,399,522$942,663$3,285,583
83$4,829,648$1,423,391$929,535$3,538,677
84$5,276,157$1,447,023$914,560$3,815,736
85$5,766,758$1,470,359$897,630$4,119,179
86$6,305,901$1,493,341$878,634$4,451,668
87$6,898,491$1,515,903$857,457$4,816,138
88$7,549,931$1,537,976$833,976$5,215,827
89$8,266,174$1,559,487$808,064$5,654,300
90$9,053,777$1,580,355$779,587$6,135,488
91$9,919,966$1,600,496$748,407$6,663,723
92$10,872,701$1,619,819$714,377$7,243,783
93$11,920,754$1,638,227$677,346$7,880,929
94$13,073,787$1,655,617$637,154$8,580,965
95$14,342,450$1,671,878$593,634$9,350,284
96$15,738,472$1,686,893$546,614$10,195,935
97$17,274,781$1,700,536$495,911$11,125,687
98$18,965,620$1,712,673$441,335$12,148,104
99$20,826,682$1,723,163$382,688$13,272,623
100$22,875,260$1,731,853$319,764$14,509,646