Can I retire at age 64 with 935,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.6%
1 years$77,211$76,524$75,853$75,198$74,558$73,143
2 years$38,223$37,512$36,822$36,153$35,504$34,083
3 years$25,229$24,514$23,826$23,163$22,525$21,144
4 years$18,733$18,021$17,339$16,688$16,065$14,733
5 years$14,837$14,128$13,456$12,818$12,212$10,934
6 years$12,240$11,537$10,874$10,251$9,663$8,440
7 years$10,386$9,689$9,037$8,428$7,859$6,691
8 years$8,996$8,305$7,664$7,070$6,520$5,407
9 years$7,915$7,231$6,601$6,022$5,491$4,432
10 years$7,051$6,374$5,755$5,191$4,678$3,673
11 years$6,345$5,674$5,066$4,518$4,023$3,071
12 years$5,757$5,093$4,496$3,963$3,487$2,585
13 years$5,260$4,602$4,017$3,498$3,040$2,188
14 years$4,834$4,183$3,609$3,105$2,665$1,861
15 years$4,465$3,822$3,259$2,769$2,347$1,588
16 years$4,142$3,506$2,955$2,480$2,074$1,360
17 years$3,858$3,229$2,689$2,228$1,839$1,168
18 years$3,606$2,984$2,454$2,008$1,635$1,005
19 years$3,380$2,765$2,247$1,814$1,457$867
20 years$3,178$2,570$2,062$1,643$1,302$749
21 years$2,995$2,394$1,897$1,491$1,165$647
22 years$2,828$2,234$1,748$1,356$1,044$561
23 years$2,677$2,090$1,614$1,235$937$486
24 years$2,538$1,958$1,493$1,126$842$422
25 years$2,411$1,837$1,383$1,029$758$366
26 years$2,293$1,727$1,282$941$683$318
27 years$2,185$1,625$1,191$861$616$276
28 years$2,084$1,531$1,107$789$556$240
29 years$1,990$1,445$1,030$723$502$209
30 years$1,903$1,364$959$664$453$182
31 years$1,822$1,290$894$610$410$159
32 years$1,746$1,220$835$560$371$138
33 years$1,674$1,156$779$515$335$120
34 years$1,607$1,095$728$474$304$105
35 years$1,544$1,039$681$436$275$91
36 years$1,485$986$637$402$249$80
37 years$1,429$937$596$370$226$69
38 years$1,376$890$558$341$205$61
39 years$1,326$846$523$315$186$53
40 years$1,278$805$490$290$168$46
41 years$1,233$767$460$268$153$40
42 years$1,190$730$431$247$139$35
43 years$1,150$696$405$228$126$31
44 years$1,111$663$380$211$114$27
45 years$1,074$632$357$195$104$23
46 years$1,039$603$335$180$94$20
47 years$1,005$576$315$166$86$18
48 years$973$549$296$153$78$15
49 years$942$525$278$142$71$13
50 years$913$501$261$131$64$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $935,000, adding $6,738 every year, while hoping to spend $24,135 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: 57/31/12 Blend
63$935,000$935,000$935,000$935,000
64$1,037,320$987,765$973,273$1,092,961
65$1,117,447$1,010,486$980,198$1,154,064
66$1,204,939$1,033,512$986,546$1,217,358
67$1,300,520$1,056,831$992,273$1,285,754
68$1,404,989$1,080,432$997,330$1,359,745
69$1,519,227$1,104,302$1,001,670$1,439,871
70$1,644,201$1,128,426$1,005,239$1,526,731
71$1,780,978$1,152,788$1,007,983$1,620,981
72$1,930,732$1,177,368$1,009,844$1,723,347
73$2,094,756$1,202,149$1,010,763$1,834,627
74$2,274,474$1,227,106$1,010,676$1,955,701
75$2,471,453$1,252,218$1,009,517$2,087,536
76$2,687,421$1,277,456$1,007,216$2,231,202
77$2,924,280$1,302,794$1,003,700$2,387,874
78$3,184,126$1,328,199$998,893$2,558,849
79$3,469,265$1,353,639$992,713$2,745,556
80$3,782,239$1,379,077$985,079$2,949,570
81$4,125,849$1,404,473$975,900$3,172,625
82$4,503,178$1,429,785$965,085$3,416,633
83$4,917,624$1,454,966$952,538$3,683,702
84$5,372,930$1,479,968$938,156$3,976,154
85$5,873,219$1,504,737$921,835$4,296,549
86$6,423,034$1,529,215$903,463$4,647,707
87$7,027,378$1,553,342$882,923$5,032,738
88$7,691,765$1,577,050$860,096$5,455,069
89$8,422,269$1,600,269$834,852$5,918,475
90$9,225,581$1,622,923$807,061$6,427,119
91$10,109,075$1,644,930$776,582$6,985,589
92$11,080,873$1,666,204$743,270$7,598,942
93$12,149,926$1,686,652$706,973$8,272,749
94$13,326,094$1,706,174$667,533$9,013,154
95$14,620,244$1,724,665$624,783$9,826,926
96$16,044,345$1,742,010$578,550$10,721,526
97$17,611,589$1,758,090$528,653$11,705,179
98$19,336,510$1,772,775$474,901$12,786,949
99$21,235,122$1,785,928$417,098$13,976,826
100$23,325,070$1,797,405$355,037$15,285,821