Can I retire at age 64 with 931,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $931,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$76,881$76,196$75,528$74,876$74,239$71,920
2 years$38,060$37,351$36,664$35,998$35,352$33,036
3 years$25,121$24,409$23,724$23,064$22,429$20,189
4 years$18,653$17,943$17,265$16,617$15,996$13,850
5 years$14,773$14,068$13,398$12,763$12,160$10,113
6 years$12,188$11,487$10,828$10,207$9,622$7,675
7 years$10,341$9,647$8,998$8,392$7,825$5,979
8 years$8,957$8,269$7,631$7,039$6,492$4,745
9 years$7,882$7,200$6,573$5,996$5,467$3,817
10 years$7,021$6,346$5,730$5,169$4,658$3,103
11 years$6,318$5,650$5,045$4,498$4,006$2,543
12 years$5,732$5,071$4,477$3,946$3,472$2,098
13 years$5,237$4,583$4,000$3,483$3,027$1,739
14 years$4,813$4,166$3,594$3,092$2,654$1,448
15 years$4,446$3,805$3,245$2,758$2,337$1,209
16 years$4,125$3,491$2,942$2,469$2,065$1,013
17 years$3,842$3,215$2,677$2,219$1,831$851
18 years$3,591$2,971$2,444$1,999$1,628$715
19 years$3,366$2,754$2,237$1,807$1,451$603
20 years$3,164$2,559$2,053$1,636$1,296$509
21 years$2,982$2,383$1,889$1,485$1,160$429
22 years$2,816$2,225$1,741$1,350$1,040$363
23 years$2,665$2,081$1,607$1,230$933$307
24 years$2,527$1,950$1,486$1,121$839$260
25 years$2,400$1,830$1,377$1,024$755$220
26 years$2,283$1,720$1,277$936$680$187
27 years$2,175$1,618$1,186$857$613$158
28 years$2,075$1,525$1,102$785$553$134
29 years$1,982$1,439$1,026$720$499$114
30 years$1,895$1,359$955$661$451$97
31 years$1,814$1,284$891$607$408$82
32 years$1,738$1,215$831$558$369$70
33 years$1,667$1,151$776$513$334$59
34 years$1,601$1,091$725$472$302$50
35 years$1,538$1,035$678$435$274$43
36 years$1,479$982$634$400$248$36
37 years$1,423$933$593$369$225$31
38 years$1,370$886$556$340$204$26
39 years$1,320$843$521$313$185$22
40 years$1,273$802$488$289$168$19
41 years$1,228$763$458$267$152$16
42 years$1,185$727$429$246$138$14
43 years$1,145$693$403$227$125$12
44 years$1,106$660$378$210$114$10
45 years$1,069$630$355$194$103$8
46 years$1,034$601$333$179$94$7
47 years$1,001$573$313$165$85$6
48 years$969$547$294$153$77$5
49 years$938$522$277$141$70$4
50 years$909$499$260$130$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $931,000, adding $2,710 every year, while hoping to spend $54,661 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: 31/42/27 Blend
63$931,000$931,000$931,000$931,000
64$1,028,757$979,414$964,984$1,052,057
65$1,075,532$969,247$939,152$1,060,081
66$1,125,245$956,749$910,623$1,063,710
67$1,178,139$941,749$879,248$1,066,531
68$1,234,480$924,065$844,873$1,068,514
69$1,294,556$903,504$807,336$1,069,627
70$1,358,687$879,861$766,467$1,069,842
71$1,427,219$852,920$722,090$1,069,132
72$1,500,535$822,453$674,019$1,067,476
73$1,579,053$788,217$622,062$1,064,857
74$1,663,232$749,955$566,017$1,061,261
75$1,753,575$707,396$505,672$1,056,683
76$1,850,635$660,254$440,807$1,051,124
77$1,955,018$608,225$371,193$1,044,592
78$2,067,390$550,988$296,589$1,037,109
79$2,188,483$488,206$216,743$1,028,703
80$2,319,099$419,518$131,395$1,019,419
81$2,460,121$344,548$40,270$1,009,315
82$2,612,518$262,896$0$998,467
83$2,777,355$174,138$0$1,003,385
84$2,955,804$77,830$0$1,021,218
85$3,149,152$0$0$1,040,584
86$3,358,816$0$0$1,073,996
87$3,586,351$0$0$1,149,414
88$3,833,471$0$0$1,231,448
89$4,102,058$0$0$1,320,741
90$4,394,184$0$0$1,417,999
91$4,712,129$0$0$1,523,996
92$5,058,402$0$0$1,639,588
93$5,435,761$0$0$1,765,715
94$5,847,246$0$0$1,903,412
95$6,296,199$0$0$2,053,818
96$6,786,299$0$0$2,218,188
97$7,321,599$0$0$2,397,903
98$7,906,556$0$0$2,594,482
99$8,546,081$0$0$2,809,600
100$9,245,579$0$0$3,045,100