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%11.1%
1 years$76,716$76,033$75,366$74,715$74,080$73,737
2 years$37,978$37,271$36,585$35,921$35,276$34,930
3 years$25,067$24,357$23,673$23,015$22,381$22,042
4 years$18,613$17,905$17,228$16,581$15,962$15,633
5 years$14,742$14,038$13,370$12,736$12,134$11,816
6 years$12,161$11,463$10,805$10,185$9,601$9,295
7 years$10,319$9,626$8,979$8,374$7,808$7,514
8 years$8,938$8,252$7,615$7,024$6,478$6,195
9 years$7,865$7,185$6,559$5,983$5,455$5,184
10 years$7,006$6,333$5,718$5,158$4,648$4,388
11 years$6,304$5,638$5,034$4,489$3,998$3,749
12 years$5,720$5,060$4,467$3,937$3,464$3,227
13 years$5,226$4,573$3,991$3,476$3,021$2,794
14 years$4,803$4,157$3,586$3,086$2,648$2,432
15 years$4,436$3,797$3,238$2,752$2,332$2,126
16 years$4,116$3,484$2,936$2,464$2,061$1,865
17 years$3,833$3,208$2,671$2,214$1,827$1,642
18 years$3,583$2,965$2,439$1,995$1,625$1,449
19 years$3,359$2,748$2,232$1,803$1,448$1,281
20 years$3,157$2,553$2,049$1,633$1,293$1,135
21 years$2,975$2,378$1,884$1,482$1,157$1,008
22 years$2,810$2,220$1,737$1,347$1,037$896
23 years$2,660$2,076$1,604$1,227$931$798
24 years$2,522$1,945$1,483$1,119$837$711
25 years$2,395$1,826$1,374$1,022$753$635
26 years$2,278$1,716$1,274$934$678$567
27 years$2,171$1,615$1,183$855$612$507
28 years$2,071$1,522$1,100$784$552$453
29 years$1,978$1,435$1,023$719$498$406
30 years$1,891$1,356$953$660$450$363
31 years$1,810$1,282$889$606$407$326
32 years$1,735$1,213$829$557$368$292
33 years$1,664$1,148$774$512$333$262
34 years$1,597$1,088$723$471$302$235
35 years$1,534$1,032$676$434$273$211
36 years$1,475$980$633$399$248$189
37 years$1,420$931$592$368$224$170
38 years$1,367$884$555$339$203$153
39 years$1,317$841$520$313$185$137
40 years$1,270$800$487$288$167$123
41 years$1,225$762$457$266$152$111
42 years$1,183$725$428$246$138$100
43 years$1,142$691$402$227$125$90
44 years$1,104$659$377$209$114$81
45 years$1,067$628$354$193$103$72
46 years$1,032$599$333$179$94$65
47 years$999$572$313$165$85$59
48 years$967$546$294$152$77$53
49 years$936$521$276$141$70$47
50 years$907$498$260$130$64$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $929,000, adding $6,554 every year, while hoping to spend $55,092 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: 48/40/12 Blend
63$929,000$929,000$929,000$929,000
64$1,030,518$981,281$966,882$1,076,271
65$1,077,014$970,747$940,655$1,097,937
66$1,126,405$957,849$911,703$1,115,195
67$1,178,930$942,416$879,877$1,132,693
68$1,234,848$924,261$845,019$1,150,474
69$1,294,443$903,190$806,968$1,168,584
70$1,358,026$878,996$765,551$1,187,080
71$1,425,939$851,461$720,591$1,206,030
72$1,498,554$820,352$671,901$1,225,510
73$1,576,282$785,425$619,285$1,245,611
74$1,659,572$746,420$562,540$1,266,436
75$1,748,917$703,063$501,454$1,288,104
76$1,844,857$655,064$435,803$1,310,753
77$1,947,985$602,115$365,355$1,334,538
78$2,058,954$543,893$289,869$1,359,639
79$2,178,478$480,055$209,091$1,386,258
80$2,307,344$410,238$122,756$1,414,627
81$2,446,413$334,060$30,588$1,445,008
82$2,596,635$251,116$0$1,477,696
83$2,759,050$160,980$0$1,521,705
84$2,934,806$63,200$0$1,573,478
85$3,125,160$0$0$1,629,561
86$3,331,496$0$0$1,709,269
87$3,555,338$0$0$1,826,004
88$3,798,358$0$0$1,952,832
89$4,062,398$0$0$2,090,723
90$4,349,483$0$0$2,240,749
91$4,661,842$0$0$2,404,086
92$5,001,926$0$0$2,582,028
93$5,372,432$0$0$2,776,002
94$5,776,330$0$0$2,987,575
95$6,216,887$0$0$3,218,474
96$6,697,698$0$0$3,470,599
97$7,222,723$0$0$3,746,041
98$7,796,319$0$0$4,047,104
99$8,423,284$0$0$4,376,323
100$9,108,898$0$0$4,736,489