Can I retire at age 64 with 933,000?

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 $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%11%
1 years$77,046$76,360$75,690$75,037$74,399$74,085
2 years$38,142$37,431$36,743$36,075$35,428$35,111
3 years$25,175$24,462$23,775$23,114$22,477$22,167
4 years$18,693$17,982$17,302$16,652$16,031$15,730
5 years$14,805$14,098$13,427$12,791$12,186$11,896
6 years$12,214$11,512$10,851$10,229$9,643$9,363
7 years$10,364$9,668$9,017$8,410$7,842$7,573
8 years$8,977$8,287$7,647$7,055$6,506$6,247
9 years$7,898$7,215$6,587$6,009$5,479$5,231
10 years$7,036$6,360$5,742$5,180$4,668$4,430
11 years$6,332$5,662$5,056$4,508$4,015$3,787
12 years$5,745$5,082$4,487$3,954$3,479$3,262
13 years$5,248$4,593$4,009$3,491$3,034$2,826
14 years$4,823$4,175$3,602$3,099$2,659$2,462
15 years$4,455$3,814$3,252$2,764$2,342$2,153
16 years$4,134$3,499$2,948$2,474$2,070$1,890
17 years$3,850$3,222$2,683$2,223$1,835$1,665
18 years$3,598$2,978$2,449$2,004$1,632$1,470
19 years$3,373$2,760$2,242$1,810$1,454$1,301
20 years$3,171$2,564$2,058$1,640$1,299$1,154
21 years$2,988$2,389$1,893$1,488$1,162$1,025
22 years$2,822$2,230$1,744$1,353$1,042$912
23 years$2,671$2,085$1,611$1,232$935$813
24 years$2,533$1,954$1,490$1,124$841$725
25 years$2,405$1,834$1,380$1,026$756$648
26 years$2,288$1,723$1,279$938$681$579
27 years$2,180$1,622$1,188$859$614$518
28 years$2,079$1,528$1,105$787$554$464
29 years$1,986$1,442$1,028$722$501$415
30 years$1,899$1,362$957$662$452$372
31 years$1,818$1,287$893$608$409$334
32 years$1,742$1,218$833$559$370$300
33 years$1,671$1,153$778$514$335$269
34 years$1,604$1,093$727$473$303$241
35 years$1,541$1,037$679$435$275$217
36 years$1,482$984$635$401$249$195
37 years$1,426$935$595$370$225$175
38 years$1,373$888$557$341$204$157
39 years$1,323$845$522$314$185$142
40 years$1,276$804$489$290$168$127
41 years$1,231$765$459$267$153$115
42 years$1,188$728$430$247$138$103
43 years$1,147$694$404$228$126$93
44 years$1,109$662$379$210$114$83
45 years$1,072$631$356$194$103$75
46 years$1,037$602$334$179$94$68
47 years$1,003$574$314$166$85$61
48 years$971$548$295$153$77$55
49 years$940$524$277$141$70$49
50 years$911$500$261$131$64$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $933,000, adding $2,480 every year, while hoping to spend $31,352 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: 33/39/28 Blend
63$933,000$933,000$933,000$933,000
64$1,030,724$981,275$966,814$1,055,900
65$1,102,500$995,999$965,844$1,089,977
66$1,180,546$1,010,394$963,790$1,123,720
67$1,265,468$1,024,411$960,584$1,159,477
68$1,357,935$1,037,996$956,153$1,197,448
69$1,458,680$1,051,093$950,420$1,237,856
70$1,568,512$1,063,643$943,305$1,280,947
71$1,688,319$1,075,581$934,725$1,326,993
72$1,819,081$1,086,838$924,592$1,376,297
73$1,961,875$1,097,341$912,813$1,429,196
74$2,117,888$1,107,011$899,294$1,486,059
75$2,288,424$1,115,767$883,932$1,547,299
76$2,474,923$1,123,519$866,623$1,613,373
77$2,678,966$1,130,172$847,256$1,684,785
78$2,902,298$1,135,628$825,716$1,762,095
79$3,146,836$1,139,777$801,882$1,845,922
80$3,414,695$1,142,508$775,627$1,936,952
81$3,708,203$1,143,700$746,819$2,035,944
82$4,029,922$1,143,224$715,320$2,143,738
83$4,382,677$1,140,945$680,986$2,261,263
84$4,769,576$1,136,717$643,665$2,389,547
85$5,194,045$1,130,388$603,200$2,529,728
86$5,659,855$1,121,795$559,425$2,683,063
87$6,171,163$1,110,766$512,168$2,850,943
88$6,732,545$1,097,117$461,249$3,034,906
89$7,349,044$1,080,655$406,480$3,236,652
90$8,026,214$1,061,174$347,665$3,458,059
91$8,770,174$1,038,458$284,597$3,701,205
92$9,587,664$1,012,274$217,064$3,968,385
93$10,486,110$982,380$144,840$4,262,135
94$11,473,693$948,517$67,692$4,585,256
95$12,559,428$910,412$0$4,940,846
96$13,753,242$867,775$0$5,336,695
97$15,066,078$820,301$0$5,794,074
98$16,509,988$767,666$0$6,296,988
99$18,098,252$709,528$0$6,850,127
100$19,845,504$645,524$0$7,458,663