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%13.2%
1 years$76,799$76,114$75,447$74,796$74,160$73,172
2 years$38,019$37,311$36,625$35,959$35,314$34,321
3 years$25,094$24,383$23,699$23,040$22,405$21,437
4 years$18,633$17,924$17,247$16,599$15,979$15,044
5 years$14,757$14,053$13,384$12,749$12,147$11,247
6 years$12,175$11,475$10,816$10,196$9,612$8,748
7 years$10,330$9,637$8,988$8,383$7,817$6,989
8 years$8,948$8,261$7,623$7,032$6,485$5,694
9 years$7,873$7,192$6,566$5,990$5,461$4,706
10 years$7,014$6,340$5,724$5,163$4,653$3,934
11 years$6,311$5,644$5,039$4,493$4,002$3,318
12 years$5,726$5,066$4,472$3,941$3,468$2,818
13 years$5,231$4,578$3,996$3,480$3,024$2,408
14 years$4,808$4,161$3,590$3,089$2,651$2,067
15 years$4,441$3,801$3,241$2,755$2,334$1,781
16 years$4,120$3,488$2,939$2,467$2,063$1,540
17 years$3,838$3,212$2,674$2,216$1,829$1,336
18 years$3,587$2,968$2,441$1,997$1,626$1,161
19 years$3,362$2,751$2,235$1,805$1,450$1,012
20 years$3,161$2,556$2,051$1,634$1,295$883
21 years$2,979$2,381$1,887$1,483$1,159$772
22 years$2,813$2,222$1,739$1,349$1,039$676
23 years$2,662$2,079$1,605$1,228$932$592
24 years$2,524$1,948$1,485$1,120$838$519
25 years$2,398$1,828$1,375$1,023$754$456
26 years$2,281$1,718$1,275$935$679$400
27 years$2,173$1,617$1,184$856$612$352
28 years$2,073$1,523$1,101$785$553$310
29 years$1,980$1,437$1,025$719$499$273
30 years$1,893$1,357$954$660$451$240
31 years$1,812$1,283$890$606$408$211
32 years$1,736$1,214$830$557$369$186
33 years$1,665$1,150$775$512$334$164
34 years$1,599$1,090$724$472$302$145
35 years$1,536$1,033$677$434$274$128
36 years$1,477$981$633$400$248$113
37 years$1,421$932$593$368$225$99
38 years$1,369$885$555$339$204$88
39 years$1,319$842$520$313$185$77
40 years$1,271$801$488$289$168$68
41 years$1,227$762$457$266$152$60
42 years$1,184$726$429$246$138$53
43 years$1,144$692$402$227$125$47
44 years$1,105$659$378$210$114$41
45 years$1,068$629$355$194$103$37
46 years$1,033$600$333$179$94$32
47 years$1,000$573$313$165$85$29
48 years$968$547$294$153$77$25
49 years$937$522$276$141$70$22
50 years$908$499$260$130$64$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $930,000, adding $4,775 every year, while hoping to spend $56,177 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: 39/39/22 Blend
63$930,000$930,000$930,000$930,000
64$1,029,785$980,495$966,080$1,063,043
65$1,075,052$968,768$938,672$1,075,755
66$1,123,052$954,583$908,463$1,083,837
67$1,174,007$937,760$875,300$1,091,443
68$1,228,155$918,111$839,022$1,098,560
69$1,285,761$895,431$799,463$1,105,182
70$1,347,110$869,510$756,447$1,111,304
71$1,412,519$840,119$709,791$1,116,929
72$1,482,331$807,020$659,305$1,122,063
73$1,556,925$769,960$604,787$1,126,720
74$1,636,714$728,671$546,031$1,130,920
75$1,722,153$682,870$482,817$1,134,695
76$1,813,739$632,258$414,918$1,138,082
77$1,912,019$576,516$342,096$1,141,135
78$2,017,592$515,312$264,103$1,143,916
79$2,131,115$448,291$180,679$1,146,506
80$2,253,311$375,080$91,554$1,149,000
81$2,384,972$295,283$0$1,151,514
82$2,526,971$208,483$0$1,155,019
83$2,680,264$114,241$0$1,181,832
84$2,845,902$12,090$0$1,210,698
85$3,025,041$0$0$1,241,915
86$3,218,952$0$0$1,318,069
87$3,429,030$0$0$1,406,297
88$3,656,810$0$0$1,502,068
89$3,903,982$0$0$1,606,107
90$4,172,403$0$0$1,719,209
91$4,464,113$0$0$1,842,249
92$4,781,362$0$0$1,976,191
93$5,126,619$0$0$2,122,096
94$5,502,607$0$0$2,281,129
95$5,912,316$0$0$2,454,575
96$6,359,042$0$0$2,643,846
97$6,846,410$0$0$2,850,499
98$7,378,409$0$0$3,076,246
99$7,959,433$0$0$3,322,970
100$8,594,317$0$0$3,592,749