Can I retire at age 64 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$76,799$76,114$75,447$74,796$74,160$71,757
2 years$38,019$37,311$36,625$35,959$35,314$32,916
3 years$25,094$24,383$23,699$23,040$22,405$20,086
4 years$18,633$17,924$17,247$16,599$15,979$13,759
5 years$14,757$14,053$13,384$12,749$12,147$10,030
6 years$12,175$11,475$10,816$10,196$9,612$7,600
7 years$10,330$9,637$8,988$8,383$7,817$5,910
8 years$8,948$8,261$7,623$7,032$6,485$4,682
9 years$7,873$7,192$6,566$5,990$5,461$3,760
10 years$7,014$6,340$5,724$5,163$4,653$3,051
11 years$6,311$5,644$5,039$4,493$4,002$2,495
12 years$5,726$5,066$4,472$3,941$3,468$2,054
13 years$5,231$4,578$3,996$3,480$3,024$1,700
14 years$4,808$4,161$3,590$3,089$2,651$1,412
15 years$4,441$3,801$3,241$2,755$2,334$1,177
16 years$4,120$3,488$2,939$2,467$2,063$984
17 years$3,838$3,212$2,674$2,216$1,829$824
18 years$3,587$2,968$2,441$1,997$1,626$692
19 years$3,362$2,751$2,235$1,805$1,450$581
20 years$3,161$2,556$2,051$1,634$1,295$489
21 years$2,979$2,381$1,887$1,483$1,159$412
22 years$2,813$2,222$1,739$1,349$1,039$348
23 years$2,662$2,079$1,605$1,228$932$294
24 years$2,524$1,948$1,485$1,120$838$248
25 years$2,398$1,828$1,375$1,023$754$209
26 years$2,281$1,718$1,275$935$679$177
27 years$2,173$1,617$1,184$856$612$150
28 years$2,073$1,523$1,101$785$553$127
29 years$1,980$1,437$1,025$719$499$107
30 years$1,893$1,357$954$660$451$91
31 years$1,812$1,283$890$606$408$77
32 years$1,736$1,214$830$557$369$65
33 years$1,665$1,150$775$512$334$55
34 years$1,599$1,090$724$472$302$47
35 years$1,536$1,033$677$434$274$39
36 years$1,477$981$633$400$248$33
37 years$1,421$932$593$368$225$28
38 years$1,369$885$555$339$204$24
39 years$1,319$842$520$313$185$20
40 years$1,271$801$488$289$168$17
41 years$1,227$762$457$266$152$15
42 years$1,184$726$429$246$138$12
43 years$1,144$692$402$227$125$10
44 years$1,105$659$378$210$114$9
45 years$1,068$629$355$194$103$8
46 years$1,033$600$333$179$94$6
47 years$1,000$573$313$165$85$5
48 years$968$547$294$153$77$5
49 years$937$522$276$141$70$4
50 years$908$499$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 $930,000, adding $5,243 every year, while hoping to spend $36,866 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: 50/24/26 Blend
63$930,000$930,000$930,000$930,000
64$1,030,268$980,978$966,563$1,073,987
65$1,096,130$989,821$959,718$1,113,854
66$1,167,475$997,861$951,408$1,153,045
67$1,244,822$1,005,021$941,545$1,194,906
68$1,328,744$1,011,218$930,036$1,239,709
69$1,419,870$1,016,361$916,787$1,287,751
70$1,518,892$1,020,358$901,694$1,339,363
71$1,626,571$1,023,108$884,653$1,394,911
72$1,743,746$1,024,504$865,553$1,454,799
73$1,871,337$1,024,434$844,278$1,519,477
74$2,010,358$1,022,777$820,707$1,589,440
75$2,161,927$1,019,405$794,713$1,665,237
76$2,327,271$1,014,183$766,163$1,747,475
77$2,507,741$1,006,967$734,918$1,836,827
78$2,704,827$997,605$700,834$1,934,034
79$2,920,167$985,934$663,760$2,039,917
80$3,155,564$971,785$623,535$2,155,387
81$3,413,004$954,975$579,996$2,281,445
82$3,694,673$935,312$532,969$2,419,203
83$4,002,979$912,591$482,273$2,569,886
84$4,340,573$886,598$427,719$2,734,852
85$4,710,374$857,105$369,111$2,915,597
86$5,115,598$823,868$306,241$3,113,778
87$5,559,784$786,633$238,896$3,331,224
88$6,046,833$745,129$166,849$3,569,954
89$6,581,039$699,069$89,868$3,832,200
90$7,167,134$648,152$7,707$4,120,428
91$7,810,327$592,057$0$4,437,358
92$8,516,358$530,446$0$4,808,184
93$9,291,550$462,961$0$5,217,762
94$10,142,867$389,225$0$5,667,693
95$11,077,981$308,838$0$6,162,103
96$12,105,343$221,380$0$6,705,544
97$13,234,265$126,405$0$7,303,031
98$14,475,004$23,442$0$7,960,099
99$15,838,860$0$0$8,682,848
100$17,338,282$0$0$9,501,246