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%14.6%
1 years$76,964$76,278$75,609$74,956$74,319$72,908
2 years$38,101$37,391$36,704$36,037$35,390$33,974
3 years$25,148$24,436$23,750$23,089$22,453$21,076
4 years$18,673$17,963$17,284$16,634$16,014$14,686
5 years$14,789$14,083$13,413$12,777$12,173$10,899
6 years$12,201$11,500$10,840$10,218$9,632$8,413
7 years$10,353$9,658$9,008$8,401$7,834$6,670
8 years$8,967$8,278$7,639$7,047$6,499$5,390
9 years$7,890$7,208$6,580$6,002$5,473$4,418
10 years$7,029$6,353$5,736$5,174$4,663$3,662
11 years$6,325$5,656$5,050$4,503$4,010$3,061
12 years$5,738$5,076$4,482$3,950$3,475$2,577
13 years$5,243$4,588$4,004$3,487$3,031$2,181
14 years$4,818$4,170$3,598$3,095$2,657$1,855
15 years$4,450$3,809$3,248$2,761$2,339$1,583
16 years$4,129$3,495$2,945$2,472$2,067$1,356
17 years$3,846$3,219$2,680$2,221$1,833$1,164
18 years$3,594$2,974$2,446$2,001$1,630$1,002
19 years$3,370$2,757$2,240$1,809$1,453$864
20 years$3,168$2,562$2,055$1,638$1,298$746
21 years$2,985$2,386$1,891$1,487$1,161$645
22 years$2,819$2,227$1,742$1,352$1,041$559
23 years$2,668$2,083$1,609$1,231$934$484
24 years$2,530$1,952$1,488$1,123$840$420
25 years$2,403$1,832$1,378$1,025$756$365
26 years$2,286$1,721$1,278$937$681$317
27 years$2,178$1,620$1,187$858$614$276
28 years$2,077$1,527$1,103$786$554$240
29 years$1,984$1,440$1,027$721$500$209
30 years$1,897$1,360$956$662$452$182
31 years$1,816$1,286$892$608$408$158
32 years$1,740$1,217$832$558$369$138
33 years$1,669$1,152$777$514$334$120
34 years$1,602$1,092$726$473$303$104
35 years$1,539$1,036$679$435$274$91
36 years$1,480$983$635$401$248$79
37 years$1,424$934$594$369$225$69
38 years$1,372$887$556$340$204$60
39 years$1,322$844$521$314$185$53
40 years$1,274$803$489$289$168$46
41 years$1,229$764$458$267$152$40
42 years$1,187$728$430$246$138$35
43 years$1,146$693$403$227$125$30
44 years$1,107$661$379$210$114$27
45 years$1,071$630$355$194$103$23
46 years$1,035$601$334$179$94$20
47 years$1,002$574$314$166$85$18
48 years$970$548$295$153$77$15
49 years$939$523$277$141$70$13
50 years$910$500$260$131$64$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $932,000, adding $4,604 every year, while hoping to spend $30,990 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: 44/49/7 Blend
63$932,000$932,000$932,000$932,000
64$1,031,813$982,417$967,971$1,074,967
65$1,104,085$997,582$967,425$1,120,453
66$1,182,690$1,012,452$965,822$1,166,168
67$1,268,241$1,026,979$963,094$1,214,996
68$1,361,413$1,041,113$959,169$1,267,233
69$1,462,949$1,054,799$953,973$1,323,206
70$1,573,666$1,067,980$947,427$1,383,276
71$1,694,463$1,080,594$939,449$1,447,841
72$1,826,330$1,092,576$929,953$1,517,342
73$1,970,357$1,103,853$918,848$1,592,263
74$2,127,744$1,114,352$906,039$1,673,141
75$2,299,811$1,123,993$891,429$1,760,570
76$2,488,013$1,132,690$874,913$1,855,201
77$2,693,951$1,140,351$856,382$1,957,758
78$2,919,387$1,146,882$835,724$2,069,037
79$3,166,263$1,152,178$812,820$2,189,918
80$3,436,717$1,156,130$787,544$2,321,373
81$3,733,103$1,158,621$759,769$2,464,474
82$4,058,015$1,159,529$729,356$2,620,405
83$4,414,308$1,158,722$696,165$2,790,473
84$4,805,128$1,156,060$660,047$2,976,122
85$5,233,939$1,151,395$620,847$3,178,944
86$5,704,558$1,144,570$578,402$3,400,696
87$6,221,188$1,135,418$532,543$3,643,320
88$6,788,458$1,123,763$483,093$3,908,956
89$7,411,471$1,109,418$429,867$4,199,969
90$8,095,845$1,092,183$372,671$4,518,967
91$8,847,770$1,071,848$311,304$4,868,829
92$9,674,064$1,048,191$245,555$5,252,732
93$10,582,241$1,020,975$175,203$5,674,181
94$11,580,577$989,950$100,020$6,137,044
95$12,678,190$954,851$19,764$6,645,589
96$13,885,126$915,400$0$7,204,526
97$15,212,453$871,298$0$7,823,971
98$16,672,365$822,234$0$8,506,631
99$18,278,297$767,874$0$9,257,371
100$20,045,054$707,870$0$10,083,190