Can I retire at age 64 with 929,000?

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 $929,000?

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$76,716$76,033$75,366$74,715$74,080$71,622
2 years$37,978$37,271$36,585$35,921$35,276$32,824
3 years$25,067$24,357$23,673$23,015$22,381$20,011
4 years$18,613$17,905$17,228$16,581$15,962$13,693
5 years$14,742$14,038$13,370$12,736$12,134$9,972
6 years$12,161$11,463$10,805$10,185$9,601$7,547
7 years$10,319$9,626$8,979$8,374$7,808$5,863
8 years$8,938$8,252$7,615$7,024$6,478$4,639
9 years$7,865$7,185$6,559$5,983$5,455$3,721
10 years$7,006$6,333$5,718$5,158$4,648$3,015
11 years$6,304$5,638$5,034$4,489$3,998$2,463
12 years$5,720$5,060$4,467$3,937$3,464$2,025
13 years$5,226$4,573$3,991$3,476$3,021$1,673
14 years$4,803$4,157$3,586$3,086$2,648$1,388
15 years$4,436$3,797$3,238$2,752$2,332$1,155
16 years$4,116$3,484$2,936$2,464$2,061$964
17 years$3,833$3,208$2,671$2,214$1,827$807
18 years$3,583$2,965$2,439$1,995$1,625$676
19 years$3,359$2,748$2,232$1,803$1,448$567
20 years$3,157$2,553$2,049$1,633$1,293$477
21 years$2,975$2,378$1,884$1,482$1,157$401
22 years$2,810$2,220$1,737$1,347$1,037$338
23 years$2,660$2,076$1,604$1,227$931$285
24 years$2,522$1,945$1,483$1,119$837$240
25 years$2,395$1,826$1,374$1,022$753$202
26 years$2,278$1,716$1,274$934$678$171
27 years$2,171$1,615$1,183$855$612$144
28 years$2,071$1,522$1,100$784$552$122
29 years$1,978$1,435$1,023$719$498$103
30 years$1,891$1,356$953$660$450$87
31 years$1,810$1,282$889$606$407$74
32 years$1,735$1,213$829$557$368$62
33 years$1,664$1,148$774$512$333$53
34 years$1,597$1,088$723$471$302$44
35 years$1,534$1,032$676$434$273$38
36 years$1,475$980$633$399$248$32
37 years$1,420$931$592$368$224$27
38 years$1,367$884$555$339$203$23
39 years$1,317$841$520$313$185$19
40 years$1,270$800$487$288$167$16
41 years$1,225$762$457$266$152$14
42 years$1,183$725$428$246$138$12
43 years$1,142$691$402$227$125$10
44 years$1,104$659$377$209$114$8
45 years$1,067$628$354$193$103$7
46 years$1,032$599$333$179$94$6
47 years$999$572$313$165$85$5
48 years$967$546$294$152$77$4
49 years$936$521$276$141$70$4
50 years$907$498$260$130$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $929,000, adding $6,131 every year, while hoping to spend $44,138 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: 50/39/11 Blend
63$929,000$929,000$929,000$929,000
64$1,030,082$980,845$966,446$1,078,252
65$1,088,188$981,944$951,859$1,112,992
66$1,150,741$981,617$935,305$1,145,553
67$1,218,149$979,749$916,670$1,179,924
68$1,290,859$976,215$895,836$1,216,289
69$1,369,361$970,884$872,681$1,254,851
70$1,454,196$963,618$847,076$1,295,834
71$1,545,957$954,267$818,886$1,339,492
72$1,645,295$942,677$787,969$1,386,102
73$1,752,928$928,681$754,179$1,435,976
74$1,869,643$912,103$717,361$1,489,458
75$1,996,308$892,758$677,353$1,546,932
76$2,133,875$870,447$633,989$1,608,823
77$2,283,393$844,962$587,091$1,675,604
78$2,446,016$816,082$536,475$1,747,798
79$2,623,013$783,573$481,950$1,825,988
80$2,815,780$747,187$423,314$1,910,819
81$3,025,853$706,663$360,359$2,003,007
82$3,254,924$661,723$292,865$2,103,346
83$3,504,854$612,075$220,604$2,212,716
84$3,777,691$557,409$143,336$2,332,092
85$4,075,691$497,398$60,813$2,462,554
86$4,401,336$431,695$0$2,605,299
87$4,757,360$359,936$0$2,764,852
88$5,146,771$281,733$0$2,947,308
89$5,572,884$196,680$0$3,147,179
90$6,039,346$104,345$0$3,366,301
91$6,550,175$4,274$0$3,606,699
92$7,109,795$0$0$3,870,616
93$7,723,079$0$0$4,205,166
94$8,395,392$0$0$4,574,028
95$9,132,645$0$0$4,978,622
96$9,941,347$0$0$5,422,532
97$10,828,667$0$0$5,909,709
98$11,802,503$0$0$6,444,500
99$12,871,554$0$0$7,031,699
100$14,045,401$0$0$7,676,582