Can I retire at age 64 with 937,000?

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 $937,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$77,377$76,687$76,015$75,359$74,718$71,838
2 years$38,305$37,592$36,900$36,230$35,580$32,713
3 years$25,283$24,567$23,877$23,213$22,573$19,810
4 years$18,773$18,059$17,376$16,724$16,099$13,460
5 years$14,869$14,159$13,485$12,845$12,239$9,730
6 years$12,266$11,562$10,898$10,273$9,684$7,308
7 years$10,408$9,709$9,056$8,446$7,876$5,631
8 years$9,015$8,323$7,680$7,085$6,534$4,419
9 years$7,932$7,246$6,615$6,035$5,502$3,514
10 years$7,067$6,387$5,767$5,202$4,688$2,823
11 years$6,359$5,686$5,077$4,527$4,032$2,285
12 years$5,769$5,104$4,506$3,971$3,494$1,861
13 years$5,271$4,612$4,026$3,506$3,047$1,523
14 years$4,844$4,192$3,617$3,112$2,671$1,251
15 years$4,474$3,830$3,266$2,775$2,352$1,031
16 years$4,151$3,514$2,961$2,485$2,078$852
17 years$3,866$3,236$2,694$2,233$1,843$705
18 years$3,614$2,990$2,460$2,012$1,639$585
19 years$3,388$2,771$2,252$1,818$1,460$486
20 years$3,185$2,575$2,066$1,647$1,305$404
21 years$3,001$2,399$1,901$1,495$1,167$336
22 years$2,834$2,239$1,752$1,359$1,046$280
23 years$2,682$2,094$1,617$1,238$939$233
24 years$2,543$1,962$1,496$1,129$844$195
25 years$2,416$1,841$1,386$1,031$760$162
26 years$2,298$1,731$1,285$943$684$135
27 years$2,189$1,629$1,193$863$617$113
28 years$2,088$1,535$1,109$790$557$94
29 years$1,995$1,448$1,032$725$503$79
30 years$1,907$1,367$962$665$454$66
31 years$1,826$1,293$896$611$411$55
32 years$1,750$1,223$836$561$371$46
33 years$1,678$1,158$781$516$336$38
34 years$1,611$1,098$730$475$304$32
35 years$1,548$1,041$682$437$276$27
36 years$1,488$988$638$403$250$22
37 years$1,432$939$597$371$226$19
38 years$1,379$892$559$342$205$16
39 years$1,329$848$524$315$186$13
40 years$1,281$807$491$291$169$11
41 years$1,236$768$461$268$153$9
42 years$1,193$732$432$248$139$8
43 years$1,152$697$405$229$126$6
44 years$1,113$664$381$211$114$5
45 years$1,076$634$357$195$104$4
46 years$1,041$604$336$180$94$4
47 years$1,007$577$315$166$86$3
48 years$975$551$296$154$78$3
49 years$944$526$278$142$71$2
50 years$915$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 $937,000, adding $3,966 every year, while hoping to spend $54,224 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: 69/20/11 Blend
63$937,000$937,000$937,000$937,000
64$1,036,665$987,004$972,480$1,105,546
65$1,084,711$977,673$947,365$1,142,448
66$1,135,840$966,068$919,590$1,175,886
67$1,190,310$952,019$889,010$1,211,037
68$1,248,402$935,349$855,473$1,248,061
69$1,310,425$915,867$818,817$1,287,134
70$1,376,717$893,373$778,876$1,328,454
71$1,447,648$867,654$735,475$1,372,237
72$1,523,625$838,487$688,430$1,418,725
73$1,605,094$805,632$637,552$1,468,184
74$1,692,544$768,838$582,640$1,520,913
75$1,786,511$727,838$523,486$1,577,238
76$1,887,585$682,352$459,872$1,637,526
77$1,996,412$632,080$391,571$1,702,178
78$2,113,702$576,709$318,345$1,771,643
79$2,240,236$515,904$239,946$1,846,415
80$2,376,872$449,314$156,116$1,927,044
81$2,524,550$376,568$66,583$2,014,138
82$2,684,306$297,272$0$2,108,369
83$2,857,278$211,012$0$2,213,881
84$3,044,718$117,348$0$2,336,661
85$3,248,000$15,819$0$2,469,834
86$3,468,638$0$0$2,614,449
87$3,708,295$0$0$2,792,362
88$3,968,802$0$0$2,989,585
89$4,252,171$0$0$3,204,164
90$4,560,619$0$0$3,437,785
91$4,896,582$0$0$3,692,299
92$5,262,742$0$0$3,969,745
93$5,662,053$0$0$4,272,367
94$6,097,762$0$0$4,602,633
95$6,573,446$0$0$4,963,264
96$7,093,043$0$0$5,357,250
97$7,660,884$0$0$5,787,887
98$8,281,743$0$0$6,258,800
99$8,960,872$0$0$6,773,984
100$9,704,055$0$0$7,337,836