Can I retire at age 64 with 934,000?

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 $934,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$77,129$76,442$75,772$75,117$74,478$73,184
2 years$38,183$37,471$36,782$36,114$35,466$34,166
3 years$25,202$24,488$23,801$23,139$22,501$21,236
4 years$18,713$18,001$17,321$16,670$16,048$14,828
5 years$14,821$14,113$13,442$12,804$12,199$11,028
6 years$12,227$11,525$10,863$10,240$9,653$8,531
7 years$10,375$9,678$9,027$8,419$7,850$6,778
8 years$8,986$8,296$7,656$7,062$6,513$5,490
9 years$7,907$7,223$6,594$6,015$5,485$4,511
10 years$7,044$6,367$5,749$5,185$4,673$3,748
11 years$6,338$5,668$5,061$4,513$4,019$3,141
12 years$5,751$5,087$4,492$3,958$3,483$2,651
13 years$5,254$4,597$4,013$3,495$3,037$2,250
14 years$4,828$4,179$3,606$3,102$2,662$1,918
15 years$4,460$3,818$3,255$2,767$2,344$1,642
16 years$4,138$3,503$2,951$2,477$2,072$1,410
17 years$3,854$3,226$2,686$2,226$1,837$1,214
18 years$3,602$2,981$2,452$2,006$1,633$1,048
19 years$3,377$2,763$2,244$1,812$1,456$907
20 years$3,174$2,567$2,060$1,641$1,300$785
21 years$2,991$2,391$1,895$1,490$1,164$681
22 years$2,825$2,232$1,746$1,355$1,043$592
23 years$2,674$2,088$1,612$1,234$936$514
24 years$2,535$1,956$1,491$1,125$842$448
25 years$2,408$1,836$1,381$1,028$757$390
26 years$2,291$1,725$1,281$940$682$340
27 years$2,182$1,624$1,189$860$615$296
28 years$2,082$1,530$1,106$788$555$259
29 years$1,988$1,443$1,029$723$501$226
30 years$1,901$1,363$958$663$453$197
31 years$1,820$1,288$894$609$409$172
32 years$1,744$1,219$834$560$370$151
33 years$1,673$1,155$778$515$335$132
34 years$1,606$1,094$727$474$303$115
35 years$1,543$1,038$680$436$275$101
36 years$1,483$985$636$401$249$88
37 years$1,427$936$595$370$226$77
38 years$1,374$889$558$341$205$67
39 years$1,324$846$522$314$186$59
40 years$1,277$804$490$290$168$52
41 years$1,232$766$459$268$153$45
42 years$1,189$729$431$247$139$39
43 years$1,148$695$404$228$126$35
44 years$1,110$662$379$210$114$30
45 years$1,073$632$356$194$104$26
46 years$1,038$603$335$180$94$23
47 years$1,004$575$314$166$85$20
48 years$972$549$295$153$78$18
49 years$941$524$278$142$70$16
50 years$912$501$261$131$64$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $934,000, adding $6,130 every year, while hoping to spend $44,712 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: 62/24/14 Blend
63$934,000$934,000$934,000$934,000
64$1,035,591$986,089$971,612$1,095,894
65$1,093,648$986,834$956,588$1,137,869
66$1,156,129$986,117$939,562$1,178,034
67$1,223,436$983,820$920,420$1,220,796
68$1,296,015$979,815$899,042$1,266,410
69$1,374,351$973,969$875,303$1,315,158
70$1,458,982$966,140$849,072$1,367,350
71$1,550,495$956,178$820,213$1,423,331
72$1,649,538$943,923$788,582$1,483,482
73$1,756,820$929,205$754,030$1,548,226
74$1,873,125$911,845$716,399$1,618,028
75$1,999,313$891,654$675,527$1,693,405
76$2,136,327$868,430$631,242$1,774,927
77$2,285,210$841,960$583,366$1,863,226
78$2,447,104$812,019$531,711$1,959,000
79$2,623,269$778,368$476,084$2,063,021
80$2,815,089$740,755$416,279$2,176,142
81$3,024,089$698,913$352,085$2,299,307
82$3,251,945$652,558$283,279$2,433,558
83$3,500,504$601,394$209,629$2,580,048
84$3,771,796$545,104$130,893$2,740,050
85$4,068,059$483,354$46,818$2,914,974
86$4,391,755$415,792$0$3,106,372
87$4,745,593$342,045$0$3,322,374
88$5,132,558$261,719$0$3,566,349
89$5,555,935$174,399$0$3,833,435
90$6,019,342$79,647$0$4,125,993
91$6,526,763$0$0$4,446,628
92$7,082,584$0$0$4,804,290
93$7,691,637$0$0$5,219,323
94$8,359,242$0$0$5,674,326
95$9,091,259$0$0$6,173,302
96$9,894,142$0$0$6,720,660
97$10,775,000$0$0$7,321,256
98$11,741,662$0$0$7,980,438
99$12,802,754$0$0$8,704,097
100$13,967,775$0$0$9,498,724