Can I retire at age 64 with 931,000?

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 $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%14.7%
1 years$76,881$76,196$75,528$74,876$74,239$72,800
2 years$38,060$37,351$36,664$35,998$35,352$33,908
3 years$25,121$24,409$23,724$23,064$22,429$21,025
4 years$18,653$17,943$17,265$16,617$15,996$14,643
5 years$14,773$14,068$13,398$12,763$12,160$10,862
6 years$12,188$11,487$10,828$10,207$9,622$8,380
7 years$10,341$9,647$8,998$8,392$7,825$6,639
8 years$8,957$8,269$7,631$7,039$6,492$5,362
9 years$7,882$7,200$6,573$5,996$5,467$4,393
10 years$7,021$6,346$5,730$5,169$4,658$3,638
11 years$6,318$5,650$5,045$4,498$4,006$3,040
12 years$5,732$5,071$4,477$3,946$3,472$2,557
13 years$5,237$4,583$4,000$3,483$3,027$2,163
14 years$4,813$4,166$3,594$3,092$2,654$1,838
15 years$4,446$3,805$3,245$2,758$2,337$1,568
16 years$4,125$3,491$2,942$2,469$2,065$1,342
17 years$3,842$3,215$2,677$2,219$1,831$1,151
18 years$3,591$2,971$2,444$1,999$1,628$990
19 years$3,366$2,754$2,237$1,807$1,451$853
20 years$3,164$2,559$2,053$1,636$1,296$736
21 years$2,982$2,383$1,889$1,485$1,160$636
22 years$2,816$2,225$1,741$1,350$1,040$551
23 years$2,665$2,081$1,607$1,230$933$477
24 years$2,527$1,950$1,486$1,121$839$413
25 years$2,400$1,830$1,377$1,024$755$359
26 years$2,283$1,720$1,277$936$680$311
27 years$2,175$1,618$1,186$857$613$270
28 years$2,075$1,525$1,102$785$553$235
29 years$1,982$1,439$1,026$720$499$204
30 years$1,895$1,359$955$661$451$178
31 years$1,814$1,284$891$607$408$155
32 years$1,738$1,215$831$558$369$135
33 years$1,667$1,151$776$513$334$117
34 years$1,601$1,091$725$472$302$102
35 years$1,538$1,035$678$435$274$89
36 years$1,479$982$634$400$248$77
37 years$1,423$933$593$369$225$67
38 years$1,370$886$556$340$204$59
39 years$1,320$843$521$313$185$51
40 years$1,273$802$488$289$168$45
41 years$1,228$763$458$267$152$39
42 years$1,185$727$429$246$138$34
43 years$1,145$693$403$227$125$29
44 years$1,106$660$378$210$114$26
45 years$1,069$630$355$194$103$22
46 years$1,034$601$333$179$94$20
47 years$1,001$573$313$165$85$17
48 years$969$547$294$153$77$15
49 years$938$522$277$141$70$13
50 years$909$499$260$130$64$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $931,000, adding $3,752 every year, while hoping to spend $27,511 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: 66/25/9 Blend
63$931,000$931,000$931,000$931,000
64$1,029,832$980,489$966,059$1,095,689
65$1,105,604$999,262$969,150$1,158,747
66$1,188,182$1,018,032$971,423$1,224,018
67$1,278,231$1,036,771$972,821$1,294,636
68$1,376,485$1,055,447$973,285$1,371,120
69$1,483,749$1,074,026$972,752$1,454,041
70$1,600,910$1,092,472$971,158$1,544,030
71$1,728,945$1,110,745$968,434$1,641,780
72$1,868,928$1,128,803$964,507$1,748,055
73$2,022,045$1,146,599$959,304$1,863,697
74$2,189,597$1,164,087$952,744$1,989,635
75$2,373,021$1,181,212$944,746$2,126,890
76$2,573,896$1,197,919$935,223$2,276,591
77$2,793,965$1,214,147$924,083$2,439,977
78$3,035,142$1,229,834$911,233$2,618,419
79$3,299,539$1,244,908$896,572$2,813,425
80$3,589,482$1,259,298$879,997$3,026,655
81$3,907,530$1,272,925$861,398$3,259,943
82$4,256,505$1,285,705$840,662$3,515,307
83$4,639,513$1,297,550$817,669$3,794,973
84$5,059,977$1,308,363$792,294$4,101,394
85$5,521,666$1,318,044$764,407$4,437,271
86$6,028,732$1,326,484$733,871$4,805,586
87$6,585,751$1,333,570$700,544$5,209,621
88$7,197,761$1,339,179$664,276$5,652,996
89$7,870,315$1,343,181$624,911$6,139,702
90$8,609,529$1,345,438$582,287$6,674,134
91$9,422,140$1,345,804$536,233$7,261,140
92$10,315,572$1,344,122$486,571$7,906,061
93$11,298,004$1,340,228$433,114$8,614,786
94$12,378,447$1,333,945$375,670$9,393,804
95$13,566,828$1,325,088$314,035$10,250,269
96$14,874,086$1,313,460$247,997$11,192,065
97$16,312,273$1,298,850$177,335$12,227,883
98$17,894,668$1,281,036$101,819$13,367,300
99$19,635,901$1,259,784$21,207$14,620,874
100$21,552,093$1,234,843$0$16,000,241