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%13.8%
1 years$77,211$76,524$75,853$75,198$74,558$73,383
2 years$38,223$37,512$36,822$36,153$35,504$34,323
3 years$25,229$24,514$23,826$23,163$22,525$21,376
4 years$18,733$18,021$17,339$16,688$16,065$14,955
5 years$14,837$14,128$13,456$12,818$12,212$11,146
6 years$12,240$11,537$10,874$10,251$9,663$8,641
7 years$10,386$9,689$9,037$8,428$7,859$6,881
8 years$8,996$8,305$7,664$7,070$6,520$5,586
9 years$7,915$7,231$6,601$6,022$5,491$4,601
10 years$7,051$6,374$5,755$5,191$4,678$3,832
11 years$6,345$5,674$5,066$4,518$4,023$3,220
12 years$5,757$5,093$4,496$3,963$3,487$2,724
13 years$5,260$4,602$4,017$3,498$3,040$2,318
14 years$4,834$4,183$3,609$3,105$2,665$1,982
15 years$4,465$3,822$3,259$2,769$2,347$1,701
16 years$4,142$3,506$2,955$2,480$2,074$1,465
17 years$3,858$3,229$2,689$2,228$1,839$1,265
18 years$3,606$2,984$2,454$2,008$1,635$1,095
19 years$3,380$2,765$2,247$1,814$1,457$950
20 years$3,178$2,570$2,062$1,643$1,302$825
21 years$2,995$2,394$1,897$1,491$1,165$718
22 years$2,828$2,234$1,748$1,356$1,044$626
23 years$2,677$2,090$1,614$1,235$937$546
24 years$2,538$1,958$1,493$1,126$842$476
25 years$2,411$1,837$1,383$1,029$758$416
26 years$2,293$1,727$1,282$941$683$364
27 years$2,185$1,625$1,191$861$616$318
28 years$2,084$1,531$1,107$789$556$279
29 years$1,990$1,445$1,030$723$502$244
30 years$1,903$1,364$959$664$453$214
31 years$1,822$1,290$894$610$410$188
32 years$1,746$1,220$835$560$371$164
33 years$1,674$1,156$779$515$335$144
34 years$1,607$1,095$728$474$304$126
35 years$1,544$1,039$681$436$275$111
36 years$1,485$986$637$402$249$97
37 years$1,429$937$596$370$226$85
38 years$1,376$890$558$341$205$75
39 years$1,326$846$523$315$186$66
40 years$1,278$805$490$290$168$58
41 years$1,233$767$460$268$153$51
42 years$1,190$730$431$247$139$45
43 years$1,150$696$405$228$126$39
44 years$1,111$663$380$211$114$34
45 years$1,074$632$357$195$104$30
46 years$1,039$603$335$180$94$27
47 years$1,005$576$315$166$86$23
48 years$973$549$296$153$78$20
49 years$942$525$278$142$71$18
50 years$913$501$261$131$64$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $935,000, adding $4,436 every year, while hoping to spend $34,442 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: 48/34/18 Blend
63$935,000$935,000$935,000$935,000
64$1,034,946$985,391$970,898$1,079,183
65$1,103,864$997,029$966,777$1,121,976
66$1,178,658$1,008,083$961,364$1,164,557
67$1,259,890$1,018,488$954,579$1,210,059
68$1,348,179$1,028,174$946,338$1,258,771
69$1,444,208$1,037,069$936,554$1,311,009
70$1,548,724$1,045,092$925,135$1,367,125
71$1,662,553$1,052,161$911,986$1,427,507
72$1,786,601$1,058,185$897,006$1,492,585
73$1,921,869$1,063,070$880,090$1,562,835
74$2,069,455$1,066,716$861,128$1,638,780
75$2,230,568$1,069,014$840,005$1,721,002
76$2,406,541$1,069,850$816,600$1,810,142
77$2,598,839$1,069,104$790,787$1,906,908
78$2,809,077$1,066,646$762,435$2,012,085
79$3,039,031$1,062,341$731,405$2,126,537
80$3,290,659$1,056,042$697,554$2,251,222
81$3,566,115$1,047,597$660,731$2,387,196
82$3,867,771$1,036,842$620,778$2,535,628
83$4,198,241$1,023,604$577,530$2,697,807
84$4,560,401$1,007,700$530,817$2,875,157
85$4,957,420$988,936$480,458$3,069,253
86$5,392,789$967,105$426,265$3,281,832
87$5,870,351$941,992$368,043$3,514,814
88$6,394,341$913,363$305,587$3,770,318
89$6,969,423$880,977$238,683$4,050,684
90$7,600,732$844,573$167,107$4,358,497
91$8,293,929$803,879$90,627$4,696,608
92$9,055,246$758,606$9,000$5,068,168
93$9,891,551$708,447$0$5,476,651
94$10,810,408$653,080$0$5,940,897
95$11,820,151$592,162$0$6,452,959
96$12,929,960$525,332$0$7,015,834
97$14,149,951$452,208$0$7,634,735
98$15,491,267$372,387$0$8,315,412
99$16,966,185$285,443$0$9,064,207
100$18,588,231$190,924$0$9,888,115