Can I retire at age 64 with 925,000?

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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$76,386$75,705$75,041$74,393$73,761$70,918
2 years$37,815$37,110$36,428$35,766$35,124$32,294
3 years$24,959$24,252$23,571$22,916$22,284$19,556
4 years$18,533$17,828$17,154$16,509$15,893$13,288
5 years$14,678$13,977$13,312$12,681$12,082$9,605
6 years$12,109$11,413$10,758$10,141$9,560$7,214
7 years$10,275$9,585$8,940$8,337$7,775$5,559
8 years$8,900$8,216$7,582$6,994$6,450$4,362
9 years$7,831$7,154$6,530$5,957$5,432$3,469
10 years$6,976$6,306$5,693$5,135$4,628$2,786
11 years$6,277$5,613$5,012$4,469$3,980$2,256
12 years$5,695$5,038$4,448$3,920$3,449$1,837
13 years$5,203$4,553$3,974$3,461$3,008$1,504
14 years$4,782$4,139$3,571$3,072$2,637$1,235
15 years$4,417$3,781$3,224$2,740$2,322$1,018
16 years$4,098$3,469$2,923$2,453$2,052$841
17 years$3,817$3,195$2,660$2,204$1,819$696
18 years$3,567$2,952$2,428$1,986$1,618$577
19 years$3,344$2,736$2,223$1,795$1,442$480
20 years$3,144$2,542$2,040$1,626$1,288$399
21 years$2,963$2,368$1,876$1,475$1,152$332
22 years$2,798$2,211$1,729$1,341$1,033$276
23 years$2,648$2,067$1,597$1,222$927$230
24 years$2,511$1,937$1,477$1,114$833$192
25 years$2,385$1,818$1,368$1,018$750$160
26 years$2,269$1,708$1,269$930$676$134
27 years$2,161$1,608$1,178$852$609$112
28 years$2,062$1,515$1,095$780$550$93
29 years$1,969$1,429$1,019$716$496$78
30 years$1,883$1,350$949$657$448$65
31 years$1,802$1,276$885$603$405$54
32 years$1,727$1,207$826$554$367$45
33 years$1,657$1,143$771$510$332$38
34 years$1,590$1,084$720$469$300$32
35 years$1,528$1,028$673$432$272$27
36 years$1,469$976$630$398$247$22
37 years$1,414$927$590$366$223$19
38 years$1,361$881$552$338$203$15
39 years$1,312$837$517$311$184$13
40 years$1,265$797$485$287$167$11
41 years$1,220$758$455$265$151$9
42 years$1,178$722$426$245$137$8
43 years$1,137$688$400$226$125$6
44 years$1,099$656$376$208$113$5
45 years$1,062$626$353$192$103$4
46 years$1,028$597$331$178$93$4
47 years$994$569$311$164$85$3
48 years$963$544$292$152$77$3
49 years$932$519$275$140$70$2
50 years$903$496$258$130$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $925,000, adding $5,183 every year, while hoping to spend $43,560 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: 37/36/27 Blend
63$925,000$925,000$925,000$925,000
64$1,024,696$975,671$961,334$1,054,173
65$1,082,868$977,132$947,191$1,077,827
66$1,145,513$977,204$931,114$1,099,005
67$1,213,042$975,773$912,993$1,121,040
68$1,285,905$972,719$892,712$1,144,037
69$1,364,599$967,914$870,149$1,168,115
70$1,449,666$961,220$845,177$1,193,411
71$1,541,705$952,493$817,664$1,220,076
72$1,641,374$941,580$787,470$1,248,281
73$1,749,395$928,318$754,451$1,278,221
74$1,866,563$912,535$718,455$1,310,111
75$1,993,752$894,049$679,323$1,344,194
76$2,131,924$872,666$636,889$1,380,745
77$2,282,135$848,183$590,981$1,420,068
78$2,445,550$820,381$541,416$1,462,505
79$2,623,449$789,032$488,005$1,508,440
80$2,817,239$753,893$430,552$1,558,299
81$3,028,471$714,707$368,849$1,612,561
82$3,258,851$671,204$302,682$1,671,758
83$3,510,256$623,095$231,824$1,736,485
84$3,784,753$570,078$156,041$1,807,405
85$4,084,617$511,831$75,087$1,885,255
86$4,412,353$448,015$0$1,970,857
87$4,770,717$378,272$0$2,068,383
88$5,162,746$302,223$0$2,198,890
89$5,591,782$219,468$0$2,341,934
90$6,061,507$129,585$0$2,498,857
91$6,575,974$32,128$0$2,671,141
92$7,139,646$0$0$2,860,429
93$7,757,440$0$0$3,097,604
94$8,434,770$0$0$3,371,718
95$9,177,599$0$0$3,672,473
96$9,992,495$0$0$4,002,546
97$10,886,691$0$0$4,364,885
98$11,868,157$0$0$4,762,735
99$12,945,670$0$0$5,199,674
100$14,128,898$0$0$5,679,641