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%17.8%
1 years$77,129$76,442$75,772$75,117$74,478$72,123
2 years$38,183$37,471$36,782$36,114$35,466$33,114
3 years$25,202$24,488$23,801$23,139$22,501$20,227
4 years$18,713$18,001$17,321$16,670$16,048$13,869
5 years$14,821$14,113$13,442$12,804$12,199$10,121
6 years$12,227$11,525$10,863$10,240$9,653$7,677
7 years$10,375$9,678$9,027$8,419$7,850$5,977
8 years$8,986$8,296$7,656$7,062$6,513$4,740
9 years$7,907$7,223$6,594$6,015$5,485$3,811
10 years$7,044$6,367$5,749$5,185$4,673$3,097
11 years$6,338$5,668$5,061$4,513$4,019$2,536
12 years$5,751$5,087$4,492$3,958$3,483$2,091
13 years$5,254$4,597$4,013$3,495$3,037$1,732
14 years$4,828$4,179$3,606$3,102$2,662$1,441
15 years$4,460$3,818$3,255$2,767$2,344$1,203
16 years$4,138$3,503$2,951$2,477$2,072$1,007
17 years$3,854$3,226$2,686$2,226$1,837$845
18 years$3,602$2,981$2,452$2,006$1,633$710
19 years$3,377$2,763$2,244$1,812$1,456$598
20 years$3,174$2,567$2,060$1,641$1,300$504
21 years$2,991$2,391$1,895$1,490$1,164$425
22 years$2,825$2,232$1,746$1,355$1,043$359
23 years$2,674$2,088$1,612$1,234$936$304
24 years$2,535$1,956$1,491$1,125$842$257
25 years$2,408$1,836$1,381$1,028$757$217
26 years$2,291$1,725$1,281$940$682$184
27 years$2,182$1,624$1,189$860$615$156
28 years$2,082$1,530$1,106$788$555$132
29 years$1,988$1,443$1,029$723$501$112
30 years$1,901$1,363$958$663$453$95
31 years$1,820$1,288$894$609$409$80
32 years$1,744$1,219$834$560$370$68
33 years$1,673$1,155$778$515$335$58
34 years$1,606$1,094$727$474$303$49
35 years$1,543$1,038$680$436$275$42
36 years$1,483$985$636$401$249$35
37 years$1,427$936$595$370$226$30
38 years$1,374$889$558$341$205$25
39 years$1,324$846$522$314$186$22
40 years$1,277$804$490$290$168$18
41 years$1,232$766$459$268$153$16
42 years$1,189$729$431$247$139$13
43 years$1,148$695$404$228$126$11
44 years$1,110$662$379$210$114$10
45 years$1,073$632$356$194$104$8
46 years$1,038$603$335$180$94$7
47 years$1,004$575$314$166$85$6
48 years$972$549$295$153$78$5
49 years$941$524$278$142$70$4
50 years$912$501$261$131$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $934,000, adding $4,038 every year, while hoping to spend $30,539 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: 52/34/14 Blend
63$934,000$934,000$934,000$934,000
64$1,033,433$983,931$969,454$1,083,088
65$1,106,350$999,651$969,438$1,133,203
66$1,185,681$1,015,117$968,397$1,184,105
67$1,272,048$1,030,285$966,266$1,238,777
68$1,366,135$1,045,107$962,974$1,297,584
69$1,468,696$1,059,532$958,449$1,360,929
70$1,580,559$1,073,506$952,613$1,429,257
71$1,702,638$1,086,969$945,387$1,503,057
72$1,835,935$1,099,858$936,685$1,582,872
73$1,981,557$1,112,108$926,421$1,669,297
74$2,140,720$1,123,646$914,501$1,762,992
75$2,314,765$1,134,396$900,828$1,864,684
76$2,505,167$1,144,278$885,302$1,975,173
77$2,713,551$1,153,204$867,816$2,095,346
78$2,941,704$1,161,082$848,259$2,226,177
79$3,191,597$1,167,814$826,515$2,368,745
80$3,465,399$1,173,296$802,462$2,524,238
81$3,765,500$1,177,417$775,974$2,693,966
82$4,094,529$1,180,059$746,918$2,879,376
83$4,455,385$1,181,096$715,154$3,082,064
84$4,851,260$1,180,396$680,537$3,303,790
85$5,285,669$1,177,815$642,915$3,546,497
86$5,762,484$1,173,206$602,130$3,812,328
87$6,285,972$1,166,407$558,016$4,103,645
88$6,860,830$1,157,250$510,398$4,423,057
89$7,492,235$1,145,555$459,097$4,773,439
90$8,185,888$1,131,133$403,922$5,157,963
91$8,948,072$1,113,781$344,677$5,580,130
92$9,785,706$1,093,287$281,154$6,043,797
93$10,706,414$1,069,424$213,139$6,553,224
94$11,718,595$1,041,953$140,405$7,113,104
95$12,831,502$1,010,620$62,720$7,728,616
96$14,055,331$975,155$0$8,405,470
97$15,401,313$935,277$0$9,152,982
98$16,881,825$890,682$0$9,985,275
99$18,510,500$841,055$0$10,900,670
100$20,302,361$786,057$0$11,907,657