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%19.6%
1 years$77,129$76,442$75,772$75,117$74,478$71,608
2 years$38,183$37,471$36,782$36,114$35,466$32,609
3 years$25,202$24,488$23,801$23,139$22,501$19,746
4 years$18,713$18,001$17,321$16,670$16,048$13,417
5 years$14,821$14,113$13,442$12,804$12,199$9,699
6 years$12,227$11,525$10,863$10,240$9,653$7,284
7 years$10,375$9,678$9,027$8,419$7,850$5,613
8 years$8,986$8,296$7,656$7,062$6,513$4,405
9 years$7,907$7,223$6,594$6,015$5,485$3,503
10 years$7,044$6,367$5,749$5,185$4,673$2,814
11 years$6,338$5,668$5,061$4,513$4,019$2,278
12 years$5,751$5,087$4,492$3,958$3,483$1,855
13 years$5,254$4,597$4,013$3,495$3,037$1,518
14 years$4,828$4,179$3,606$3,102$2,662$1,247
15 years$4,460$3,818$3,255$2,767$2,344$1,028
16 years$4,138$3,503$2,951$2,477$2,072$849
17 years$3,854$3,226$2,686$2,226$1,837$703
18 years$3,602$2,981$2,452$2,006$1,633$583
19 years$3,377$2,763$2,244$1,812$1,456$484
20 years$3,174$2,567$2,060$1,641$1,300$403
21 years$2,991$2,391$1,895$1,490$1,164$335
22 years$2,825$2,232$1,746$1,355$1,043$279
23 years$2,674$2,088$1,612$1,234$936$233
24 years$2,535$1,956$1,491$1,125$842$194
25 years$2,408$1,836$1,381$1,028$757$162
26 years$2,291$1,725$1,281$940$682$135
27 years$2,182$1,624$1,189$860$615$113
28 years$2,082$1,530$1,106$788$555$94
29 years$1,988$1,443$1,029$723$501$79
30 years$1,901$1,363$958$663$453$66
31 years$1,820$1,288$894$609$409$55
32 years$1,744$1,219$834$560$370$46
33 years$1,673$1,155$778$515$335$38
34 years$1,606$1,094$727$474$303$32
35 years$1,543$1,038$680$436$275$27
36 years$1,483$985$636$401$249$22
37 years$1,427$936$595$370$226$19
38 years$1,374$889$558$341$205$16
39 years$1,324$846$522$314$186$13
40 years$1,277$804$490$290$168$11
41 years$1,232$766$459$268$153$9
42 years$1,189$729$431$247$139$8
43 years$1,148$695$404$228$126$6
44 years$1,110$662$379$210$114$5
45 years$1,073$632$356$194$104$4
46 years$1,038$603$335$180$94$4
47 years$1,004$575$314$166$85$3
48 years$972$549$295$153$78$3
49 years$941$524$278$142$70$2
50 years$912$501$261$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $934,000, adding $2,533 every year, while hoping to spend $27,008 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: 61/11/28 Blend
63$934,000$934,000$934,000$934,000
64$1,031,881$982,379$967,902$1,086,898
65$1,108,396$1,001,779$971,590$1,144,053
66$1,191,811$1,021,225$974,497$1,203,281
67$1,282,801$1,040,690$976,567$1,267,363
68$1,382,108$1,060,145$977,744$1,336,779
69$1,490,551$1,079,560$977,967$1,412,058
70$1,609,031$1,098,902$977,172$1,493,783
71$1,738,539$1,118,135$975,294$1,582,598
72$1,880,166$1,137,220$972,262$1,679,211
73$2,035,114$1,156,115$968,004$1,784,405
74$2,204,707$1,174,776$962,444$1,899,042
75$2,390,402$1,193,154$955,501$2,024,074
76$2,593,803$1,211,199$947,090$2,160,548
77$2,816,678$1,228,855$937,125$2,309,620
78$3,060,973$1,246,063$925,512$2,472,567
79$3,328,832$1,262,759$912,156$2,650,792
80$3,622,614$1,278,876$896,955$2,845,847
81$3,944,921$1,294,342$879,803$3,059,441
82$4,298,617$1,309,078$860,590$3,293,457
83$4,686,856$1,323,003$839,200$3,549,974
84$5,113,113$1,336,028$815,511$3,831,282
85$5,581,217$1,348,059$789,397$4,139,908
86$6,095,384$1,358,997$760,725$4,478,636
87$6,660,260$1,368,735$729,356$4,850,537
88$7,280,963$1,377,159$695,146$5,258,996
89$7,963,130$1,384,149$657,942$5,707,745
90$8,712,973$1,389,575$617,586$6,200,899
91$9,537,334$1,393,302$573,913$6,742,994
92$10,443,752$1,395,185$526,750$7,339,032
93$11,440,534$1,395,068$475,915$7,994,525
94$12,536,830$1,392,788$421,220$8,715,553
95$13,742,724$1,388,172$362,468$9,508,816
96$15,069,323$1,381,034$299,452$10,381,700
97$16,528,868$1,371,178$231,958$11,342,349
98$18,134,845$1,358,398$159,761$12,399,740
99$19,902,113$1,342,473$82,626$13,563,767
100$21,847,043$1,323,169$309$14,845,340