Can I retire at age 64 with 936,000?

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 $936,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$77,294$76,606$75,934$75,278$74,638$72,018
2 years$38,264$37,552$36,861$36,191$35,542$32,930
3 years$25,256$24,540$23,852$23,188$22,549$20,028
4 years$18,753$18,040$17,358$16,706$16,082$13,670
5 years$14,853$14,143$13,470$12,832$12,226$9,929
6 years$12,253$11,549$10,886$10,262$9,674$7,494
7 years$10,397$9,699$9,046$8,437$7,867$5,805
8 years$9,006$8,314$7,672$7,077$6,527$4,579
9 years$7,924$7,239$6,608$6,028$5,496$3,662
10 years$7,059$6,381$5,761$5,196$4,683$2,958
11 years$6,352$5,680$5,072$4,522$4,028$2,409
12 years$5,763$5,098$4,501$3,967$3,490$1,974
13 years$5,265$4,607$4,021$3,502$3,044$1,625
14 years$4,839$4,188$3,613$3,109$2,668$1,344
15 years$4,470$3,826$3,262$2,772$2,349$1,114
16 years$4,147$3,510$2,958$2,482$2,076$927
17 years$3,862$3,233$2,691$2,230$1,841$772
18 years$3,610$2,987$2,457$2,010$1,637$645
19 years$3,384$2,768$2,249$1,816$1,459$539
20 years$3,181$2,573$2,064$1,645$1,303$451
21 years$2,998$2,396$1,899$1,493$1,166$378
22 years$2,831$2,237$1,750$1,357$1,045$317
23 years$2,680$2,092$1,616$1,236$938$266
24 years$2,541$1,960$1,494$1,128$843$224
25 years$2,413$1,839$1,384$1,030$759$188
26 years$2,296$1,729$1,284$942$684$158
27 years$2,187$1,627$1,192$862$616$133
28 years$2,086$1,533$1,108$790$556$112
29 years$1,993$1,446$1,031$724$502$94
30 years$1,905$1,366$960$665$454$79
31 years$1,824$1,291$895$610$410$67
32 years$1,748$1,222$835$561$371$56
33 years$1,676$1,157$780$516$336$47
34 years$1,609$1,097$729$475$304$40
35 years$1,546$1,040$681$437$275$33
36 years$1,487$987$637$402$250$28
37 years$1,430$938$597$371$226$24
38 years$1,377$891$559$342$205$20
39 years$1,327$847$523$315$186$17
40 years$1,280$806$491$291$169$14
41 years$1,235$767$460$268$153$12
42 years$1,192$731$432$247$139$10
43 years$1,151$696$405$228$126$8
44 years$1,112$664$380$211$114$7
45 years$1,075$633$357$195$104$6
46 years$1,040$604$335$180$94$5
47 years$1,006$576$315$166$86$4
48 years$974$550$296$154$78$4
49 years$943$525$278$142$71$3
50 years$914$502$262$131$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $936,000, adding $6,909 every year, while hoping to spend $21,492 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: 63/28/9 Blend
63$936,000$936,000$936,000$936,000
64$1,038,599$988,991$974,483$1,101,608
65$1,121,668$1,014,584$984,260$1,170,136
66$1,212,491$1,040,711$993,646$1,241,796
67$1,311,834$1,067,375$1,002,602$1,319,491
68$1,420,544$1,094,579$1,011,092$1,403,806
69$1,539,552$1,122,326$1,019,076$1,495,385
70$1,669,883$1,150,617$1,026,512$1,594,936
71$1,812,667$1,179,453$1,033,356$1,703,240
72$1,969,148$1,208,834$1,039,562$1,821,155
73$2,140,694$1,238,760$1,045,080$1,949,629
74$2,328,815$1,269,230$1,049,860$2,089,702
75$2,535,171$1,300,240$1,053,848$2,242,524
76$2,761,594$1,331,787$1,056,988$2,409,358
77$3,010,099$1,363,867$1,059,219$2,591,597
78$3,282,907$1,396,473$1,060,480$2,790,775
79$3,582,462$1,429,600$1,060,705$3,008,583
80$3,911,461$1,463,237$1,059,826$3,246,882
81$4,272,870$1,497,376$1,057,771$3,507,723
82$4,669,960$1,532,005$1,054,463$3,793,365
83$5,106,332$1,567,110$1,049,824$4,106,300
84$5,585,956$1,602,676$1,043,771$4,449,269
85$6,113,203$1,638,686$1,036,217$4,825,295
86$6,692,889$1,675,122$1,027,070$5,237,708
87$7,330,323$1,711,961$1,016,235$5,690,176
88$8,031,349$1,749,180$1,003,612$6,186,744
89$8,802,409$1,786,754$989,097$6,731,866
90$9,650,602$1,824,651$972,578$7,330,450
91$10,583,746$1,862,842$953,943$7,987,905
92$11,610,458$1,901,291$933,069$8,710,192
93$12,740,230$1,939,960$909,832$9,503,879
94$13,983,522$1,978,806$884,100$10,376,203
95$15,351,860$2,017,786$855,736$11,335,139
96$16,857,941$2,056,849$824,595$12,389,476
97$18,515,759$2,095,943$790,526$13,548,899
98$20,340,731$2,135,008$753,374$14,824,080
99$22,349,845$2,173,984$712,971$16,226,780
100$24,561,822$2,212,801$669,148$17,769,959