Can I retire at age 64 with 933,000?

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 $933,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$77,046$76,360$75,690$75,037$74,399$73,257
2 years$38,142$37,431$36,743$36,075$35,428$34,280
3 years$25,175$24,462$23,775$23,114$22,477$21,359
4 years$18,693$17,982$17,302$16,652$16,031$14,951
5 years$14,805$14,098$13,427$12,791$12,186$11,149
6 years$12,214$11,512$10,851$10,229$9,643$8,648
7 years$10,364$9,668$9,017$8,410$7,842$6,890
8 years$8,977$8,287$7,647$7,055$6,506$5,597
9 years$7,898$7,215$6,587$6,009$5,479$4,613
10 years$7,036$6,360$5,742$5,180$4,668$3,844
11 years$6,332$5,662$5,056$4,508$4,015$3,232
12 years$5,745$5,082$4,487$3,954$3,479$2,736
13 years$5,248$4,593$4,009$3,491$3,034$2,330
14 years$4,823$4,175$3,602$3,099$2,659$1,993
15 years$4,455$3,814$3,252$2,764$2,342$1,712
16 years$4,134$3,499$2,948$2,474$2,070$1,476
17 years$3,850$3,222$2,683$2,223$1,835$1,275
18 years$3,598$2,978$2,449$2,004$1,632$1,105
19 years$3,373$2,760$2,242$1,810$1,454$959
20 years$3,171$2,564$2,058$1,640$1,299$834
21 years$2,988$2,389$1,893$1,488$1,162$726
22 years$2,822$2,230$1,744$1,353$1,042$633
23 years$2,671$2,085$1,611$1,232$935$553
24 years$2,533$1,954$1,490$1,124$841$483
25 years$2,405$1,834$1,380$1,026$756$422
26 years$2,288$1,723$1,279$938$681$369
27 years$2,180$1,622$1,188$859$614$323
28 years$2,079$1,528$1,105$787$554$283
29 years$1,986$1,442$1,028$722$501$248
30 years$1,899$1,362$957$662$452$218
31 years$1,818$1,287$893$608$409$191
32 years$1,742$1,218$833$559$370$168
33 years$1,671$1,153$778$514$335$147
34 years$1,604$1,093$727$473$303$129
35 years$1,541$1,037$679$435$275$113
36 years$1,482$984$635$401$249$100
37 years$1,426$935$595$370$225$88
38 years$1,373$888$557$341$204$77
39 years$1,323$845$522$314$185$68
40 years$1,276$804$489$290$168$59
41 years$1,231$765$459$267$153$52
42 years$1,188$728$430$247$138$46
43 years$1,147$694$404$228$126$40
44 years$1,109$662$379$210$114$35
45 years$1,072$631$356$194$103$31
46 years$1,037$602$334$179$94$27
47 years$1,003$574$314$166$85$24
48 years$971$548$295$153$77$21
49 years$940$524$277$141$70$19
50 years$911$500$261$131$64$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $933,000, adding $2,963 every year, while hoping to spend $45,700 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: 32/43/25 Blend
63$933,000$933,000$933,000$933,000
64$1,031,222$981,773$967,312$1,056,238
65$1,087,783$981,256$951,092$1,074,968
66$1,148,580$979,181$932,798$1,090,840
67$1,213,999$975,425$912,311$1,107,020
68$1,284,462$969,855$889,507$1,123,565
69$1,360,430$962,331$864,259$1,140,541
70$1,442,413$952,705$836,431$1,158,027
71$1,530,970$940,818$805,882$1,176,112
72$1,626,715$926,504$772,465$1,194,899
73$1,730,322$909,585$736,025$1,214,507
74$1,842,535$889,875$696,402$1,235,071
75$1,964,168$867,173$653,426$1,256,746
76$2,096,120$841,271$606,922$1,279,708
77$2,239,376$811,945$556,706$1,304,157
78$2,395,022$778,960$502,585$1,330,320
79$2,564,251$742,067$444,359$1,358,453
80$2,748,378$701,001$381,818$1,388,848
81$2,948,846$655,484$314,743$1,421,830
82$3,167,247$605,221$242,905$1,457,770
83$3,405,329$549,900$166,065$1,497,081
84$3,665,019$489,191$83,975$1,540,231
85$3,948,436$422,747$0$1,587,741
86$4,257,914$350,198$0$1,641,168
87$4,596,021$271,158$0$1,724,169
88$4,965,584$185,213$0$1,815,130
89$5,369,717$91,932$0$1,914,953
90$5,811,847$0$0$2,024,641
91$6,295,748$0$0$2,149,631
92$6,825,577$0$0$2,334,249
93$7,405,910$0$0$2,536,607
94$8,041,787$0$0$2,758,480
95$8,738,759$0$0$3,001,822
96$9,502,937$0$0$3,268,788
97$10,341,056$0$0$3,561,749
98$11,260,531$0$0$3,883,317
99$12,269,530$0$0$4,236,371
100$13,377,050$0$0$4,624,081