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%19.8%
1 years$77,294$76,606$75,934$75,278$74,638$71,705
2 years$38,264$37,552$36,861$36,191$35,542$32,623
3 years$25,256$24,540$23,852$23,188$22,549$19,736
4 years$18,753$18,040$17,358$16,706$16,082$13,396
5 years$14,853$14,143$13,470$12,832$12,226$9,674
6 years$12,253$11,549$10,886$10,262$9,674$7,258
7 years$10,397$9,699$9,046$8,437$7,867$5,586
8 years$9,006$8,314$7,672$7,077$6,527$4,378
9 years$7,924$7,239$6,608$6,028$5,496$3,477
10 years$7,059$6,381$5,761$5,196$4,683$2,790
11 years$6,352$5,680$5,072$4,522$4,028$2,255
12 years$5,763$5,098$4,501$3,967$3,490$1,834
13 years$5,265$4,607$4,021$3,502$3,044$1,499
14 years$4,839$4,188$3,613$3,109$2,668$1,230
15 years$4,470$3,826$3,262$2,772$2,349$1,012
16 years$4,147$3,510$2,958$2,482$2,076$835
17 years$3,862$3,233$2,691$2,230$1,841$690
18 years$3,610$2,987$2,457$2,010$1,637$572
19 years$3,384$2,768$2,249$1,816$1,459$474
20 years$3,181$2,573$2,064$1,645$1,303$394
21 years$2,998$2,396$1,899$1,493$1,166$327
22 years$2,831$2,237$1,750$1,357$1,045$272
23 years$2,680$2,092$1,616$1,236$938$226
24 years$2,541$1,960$1,494$1,128$843$188
25 years$2,413$1,839$1,384$1,030$759$157
26 years$2,296$1,729$1,284$942$684$131
27 years$2,187$1,627$1,192$862$616$109
28 years$2,086$1,533$1,108$790$556$91
29 years$1,993$1,446$1,031$724$502$76
30 years$1,905$1,366$960$665$454$63
31 years$1,824$1,291$895$610$410$53
32 years$1,748$1,222$835$561$371$44
33 years$1,676$1,157$780$516$336$37
34 years$1,609$1,097$729$475$304$31
35 years$1,546$1,040$681$437$275$26
36 years$1,487$987$637$402$250$21
37 years$1,430$938$597$371$226$18
38 years$1,377$891$559$342$205$15
39 years$1,327$847$523$315$186$12
40 years$1,280$806$491$291$169$10
41 years$1,235$767$460$268$153$9
42 years$1,192$731$432$247$139$7
43 years$1,151$696$405$228$126$6
44 years$1,112$664$380$211$114$5
45 years$1,075$633$357$195$104$4
46 years$1,040$604$335$180$94$3
47 years$1,006$576$315$166$86$3
48 years$974$550$296$154$78$2
49 years$943$525$278$142$71$2
50 years$914$502$262$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $936,000, adding $6,417 every year, while hoping to spend $37,986 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: 55/17/28 Blend
63$936,000$936,000$936,000$936,000
64$1,038,091$988,483$973,975$1,086,824
65$1,103,560$996,502$966,186$1,129,152
66$1,174,433$1,003,641$956,864$1,170,777
67$1,251,222$1,009,816$945,916$1,215,349
68$1,334,489$1,014,939$933,246$1,263,164
69$1,424,851$1,018,916$918,755$1,314,552
70$1,522,990$1,021,647$902,337$1,369,876
71$1,629,652$1,023,024$883,882$1,429,539
72$1,745,660$1,022,936$863,275$1,493,986
73$1,871,919$1,021,261$840,397$1,563,709
74$2,009,424$1,017,873$815,120$1,639,253
75$2,159,273$1,012,636$787,314$1,721,219
76$2,322,669$1,005,406$756,839$1,810,274
77$2,500,942$996,031$723,554$1,907,153
78$2,695,551$984,350$687,306$2,012,670
79$2,908,105$970,190$647,938$2,127,722
80$3,140,374$953,372$605,286$2,253,303
81$3,394,307$933,702$559,179$2,390,512
82$3,672,050$910,978$509,435$2,540,559
83$3,975,966$884,983$455,868$2,704,785
84$4,308,657$855,489$398,281$2,884,668
85$4,672,987$822,255$336,471$3,081,845
86$5,072,111$785,025$270,222$3,298,119
87$5,509,504$743,529$199,312$3,535,483
88$5,988,992$697,480$123,508$3,796,139
89$6,514,790$646,578$42,567$4,082,516
90$7,091,540$590,501$0$4,397,298
91$7,724,353$528,912$0$4,756,537
92$8,418,862$461,453$0$5,164,834
93$9,181,269$387,748$0$5,613,152
94$10,018,408$307,397$0$6,105,558
95$10,937,806$219,980$0$6,646,542
96$11,947,754$125,050$0$7,241,047
97$13,057,387$22,140$0$7,894,525
98$14,276,768$0$0$8,612,988
99$15,616,983$0$0$9,419,755
100$17,090,245$0$0$10,311,260