Can I retire at age 64 with 935,000?

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 $935,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$77,211$76,524$75,853$75,198$74,558$73,718
2 years$38,223$37,512$36,822$36,153$35,504$34,658
3 years$25,229$24,514$23,826$23,163$22,525$21,700
4 years$18,733$18,021$17,339$16,688$16,065$15,267
5 years$14,837$14,128$13,456$12,818$12,212$11,444
6 years$12,240$11,537$10,874$10,251$9,663$8,925
7 years$10,386$9,689$9,037$8,428$7,859$7,151
8 years$8,996$8,305$7,664$7,070$6,520$5,842
9 years$7,915$7,231$6,601$6,022$5,491$4,843
10 years$7,051$6,374$5,755$5,191$4,678$4,061
11 years$6,345$5,674$5,066$4,518$4,023$3,435
12 years$5,757$5,093$4,496$3,963$3,487$2,927
13 years$5,260$4,602$4,017$3,498$3,040$2,509
14 years$4,834$4,183$3,609$3,105$2,665$2,161
15 years$4,465$3,822$3,259$2,769$2,347$1,869
16 years$4,142$3,506$2,955$2,480$2,074$1,622
17 years$3,858$3,229$2,689$2,228$1,839$1,411
18 years$3,606$2,984$2,454$2,008$1,635$1,231
19 years$3,380$2,765$2,247$1,814$1,457$1,077
20 years$3,178$2,570$2,062$1,643$1,302$943
21 years$2,995$2,394$1,897$1,491$1,165$827
22 years$2,828$2,234$1,748$1,356$1,044$727
23 years$2,677$2,090$1,614$1,235$937$639
24 years$2,538$1,958$1,493$1,126$842$563
25 years$2,411$1,837$1,383$1,029$758$496
26 years$2,293$1,727$1,282$941$683$438
27 years$2,185$1,625$1,191$861$616$386
28 years$2,084$1,531$1,107$789$556$341
29 years$1,990$1,445$1,030$723$502$302
30 years$1,903$1,364$959$664$453$267
31 years$1,822$1,290$894$610$410$236
32 years$1,746$1,220$835$560$371$209
33 years$1,674$1,156$779$515$335$185
34 years$1,607$1,095$728$474$304$163
35 years$1,544$1,039$681$436$275$145
36 years$1,485$986$637$402$249$128
37 years$1,429$937$596$370$226$114
38 years$1,376$890$558$341$205$101
39 years$1,326$846$523$315$186$89
40 years$1,278$805$490$290$168$79
41 years$1,233$767$460$268$153$70
42 years$1,190$730$431$247$139$62
43 years$1,150$696$405$228$126$55
44 years$1,111$663$380$211$114$49
45 years$1,074$632$357$195$104$43
46 years$1,039$603$335$180$94$38
47 years$1,005$576$315$166$86$34
48 years$973$549$296$153$78$30
49 years$942$525$278$142$71$27
50 years$913$501$261$131$64$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $935,000, adding $3,812 every year, while hoping to spend $50,534 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: 64/29/7 Blend
63$935,000$935,000$935,000$935,000
64$1,034,302$984,747$970,255$1,098,914
65$1,086,033$979,232$948,990$1,136,904
66$1,141,347$971,753$925,320$1,172,067
67$1,200,556$962,160$899,110$1,209,155
68$1,264,002$950,295$870,219$1,248,350
69$1,332,061$935,991$838,502$1,289,856
70$1,405,144$919,067$803,805$1,333,899
71$1,483,704$899,337$765,968$1,380,728
72$1,568,238$876,600$724,823$1,430,621
73$1,659,289$850,644$680,196$1,483,886
74$1,757,457$821,246$631,903$1,540,862
75$1,863,399$788,169$579,753$1,601,929
76$1,977,837$751,161$523,547$1,667,504
77$2,101,566$709,957$463,075$1,738,054
78$2,235,458$664,277$398,120$1,814,090
79$2,380,472$613,824$328,455$1,896,185
80$2,537,663$558,284$253,841$1,984,969
81$2,708,191$497,326$174,030$2,081,142
82$2,893,330$430,599$88,764$2,185,477
83$3,094,484$357,733$0$2,298,832
84$3,313,196$278,337$0$2,422,324
85$3,551,164$191,997$0$2,563,921
86$3,810,254$98,277$0$2,718,172
87$4,092,524$0$0$2,886,386
88$4,400,234$0$0$3,071,058
89$4,735,874$0$0$3,306,760
90$5,102,185$0$0$3,564,061
91$5,502,181$0$0$3,845,086
92$5,939,184$0$0$4,152,177
93$6,416,847$0$0$4,487,911
94$6,939,197$0$0$4,855,124
95$7,510,662$0$0$5,256,940
96$8,136,123$0$0$5,696,799
97$8,820,951$0$0$6,178,489
98$9,571,062$0$0$6,706,181
99$10,392,971$0$0$7,284,468
100$11,293,854$0$0$7,918,409