Can I retire at age 64 with 932,000?

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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$76,964$76,278$75,609$74,956$74,319$73,390
2 years$38,101$37,391$36,704$36,037$35,390$34,456
3 years$25,148$24,436$23,750$23,089$22,453$21,542
4 years$18,673$17,963$17,284$16,634$16,014$15,133
5 years$14,789$14,083$13,413$12,777$12,173$11,325
6 years$12,201$11,500$10,840$10,218$9,632$8,818
7 years$10,353$9,658$9,008$8,401$7,834$7,054
8 years$8,967$8,278$7,639$7,047$6,499$5,753
9 years$7,890$7,208$6,580$6,002$5,473$4,761
10 years$7,029$6,353$5,736$5,174$4,663$3,984
11 years$6,325$5,656$5,050$4,503$4,010$3,364
12 years$5,738$5,076$4,482$3,950$3,475$2,861
13 years$5,243$4,588$4,004$3,487$3,031$2,448
14 years$4,818$4,170$3,598$3,095$2,657$2,104
15 years$4,450$3,809$3,248$2,761$2,339$1,816
16 years$4,129$3,495$2,945$2,472$2,067$1,572
17 years$3,846$3,219$2,680$2,221$1,833$1,366
18 years$3,594$2,974$2,446$2,001$1,630$1,189
19 years$3,370$2,757$2,240$1,809$1,453$1,037
20 years$3,168$2,562$2,055$1,638$1,298$907
21 years$2,985$2,386$1,891$1,487$1,161$794
22 years$2,819$2,227$1,742$1,352$1,041$696
23 years$2,668$2,083$1,609$1,231$934$611
24 years$2,530$1,952$1,488$1,123$840$536
25 years$2,403$1,832$1,378$1,025$756$472
26 years$2,286$1,721$1,278$937$681$415
27 years$2,178$1,620$1,187$858$614$365
28 years$2,077$1,527$1,103$786$554$322
29 years$1,984$1,440$1,027$721$500$284
30 years$1,897$1,360$956$662$452$250
31 years$1,816$1,286$892$608$408$221
32 years$1,740$1,217$832$558$369$195
33 years$1,669$1,152$777$514$334$172
34 years$1,602$1,092$726$473$303$152
35 years$1,539$1,036$679$435$274$134
36 years$1,480$983$635$401$248$119
37 years$1,424$934$594$369$225$105
38 years$1,372$887$556$340$204$93
39 years$1,322$844$521$314$185$82
40 years$1,274$803$489$289$168$72
41 years$1,229$764$458$267$152$64
42 years$1,187$728$430$246$138$57
43 years$1,146$693$403$227$125$50
44 years$1,107$661$379$210$114$44
45 years$1,071$630$355$194$103$39
46 years$1,035$601$334$179$94$35
47 years$1,002$574$314$166$85$31
48 years$970$548$295$153$77$27
49 years$939$523$277$141$70$24
50 years$910$500$260$131$64$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $932,000, adding $4,044 every year, while hoping to spend $28,063 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: 64/13/23 Blend
63$932,000$932,000$932,000$932,000
64$1,031,235$981,839$967,393$1,090,826
65$1,106,563$1,000,091$969,942$1,149,748
66$1,188,633$1,018,296$971,636$1,210,591
67$1,278,104$1,036,423$972,416$1,276,427
68$1,375,700$1,054,437$972,222$1,347,750
69$1,482,219$1,072,302$970,989$1,425,100
70$1,598,538$1,089,977$968,650$1,509,077
71$1,725,623$1,107,421$965,134$1,600,337
72$1,864,538$1,124,586$960,367$1,699,609
73$2,016,453$1,141,423$954,272$1,807,692
74$2,182,659$1,157,880$946,768$1,925,470
75$2,364,574$1,173,901$937,768$2,053,915
76$2,563,762$1,189,423$927,185$2,194,101
77$2,781,945$1,204,383$914,924$2,347,212
78$3,021,017$1,218,712$900,888$2,514,550
79$3,283,067$1,232,335$884,974$2,697,556
80$3,570,394$1,245,174$867,075$2,897,813
81$3,885,531$1,257,144$847,079$3,117,071
82$4,231,267$1,268,156$824,868$3,357,256
83$4,610,674$1,278,114$800,319$3,620,494
84$5,027,138$1,286,916$773,304$3,909,126
85$5,484,385$1,294,454$743,689$4,225,736
86$5,986,522$1,300,612$711,333$4,573,171
87$6,538,073$1,305,268$676,088$4,954,569
88$7,144,022$1,308,292$637,803$5,373,392
89$7,809,858$1,309,544$596,315$5,833,454
90$8,541,630$1,308,877$551,457$6,338,961
91$9,346,000$1,306,136$503,055$6,894,550
92$10,230,309$1,301,154$450,924$7,505,331
93$11,202,644$1,293,754$394,874$8,176,940
94$12,271,917$1,283,751$334,705$8,915,588
95$13,447,943$1,270,946$270,208$9,728,122
96$14,741,539$1,255,128$201,166$10,622,089
97$16,164,621$1,236,075$127,351$11,605,812
98$17,730,321$1,213,551$48,526$12,688,461
99$19,453,105$1,187,306$0$13,880,148
100$21,348,913$1,157,075$0$15,200,752