Can I retire at age 64 with 937,000?

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 $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%12.7%
1 years$77,377$76,687$76,015$75,359$74,718$73,876
2 years$38,305$37,592$36,900$36,230$35,580$34,732
3 years$25,283$24,567$23,877$23,213$22,573$21,747
4 years$18,773$18,059$17,376$16,724$16,099$15,300
5 years$14,869$14,159$13,485$12,845$12,239$11,468
6 years$12,266$11,562$10,898$10,273$9,684$8,944
7 years$10,408$9,709$9,056$8,446$7,876$7,166
8 years$9,015$8,323$7,680$7,085$6,534$5,855
9 years$7,932$7,246$6,615$6,035$5,502$4,854
10 years$7,067$6,387$5,767$5,202$4,688$4,069
11 years$6,359$5,686$5,077$4,527$4,032$3,443
12 years$5,769$5,104$4,506$3,971$3,494$2,933
13 years$5,271$4,612$4,026$3,506$3,047$2,514
14 years$4,844$4,192$3,617$3,112$2,671$2,166
15 years$4,474$3,830$3,266$2,775$2,352$1,873
16 years$4,151$3,514$2,961$2,485$2,078$1,625
17 years$3,866$3,236$2,694$2,233$1,843$1,414
18 years$3,614$2,990$2,460$2,012$1,639$1,234
19 years$3,388$2,771$2,252$1,818$1,460$1,079
20 years$3,185$2,575$2,066$1,647$1,305$945
21 years$3,001$2,399$1,901$1,495$1,167$829
22 years$2,834$2,239$1,752$1,359$1,046$729
23 years$2,682$2,094$1,617$1,238$939$641
24 years$2,543$1,962$1,496$1,129$844$564
25 years$2,416$1,841$1,386$1,031$760$497
26 years$2,298$1,731$1,285$943$684$439
27 years$2,189$1,629$1,193$863$617$387
28 years$2,088$1,535$1,109$790$557$342
29 years$1,995$1,448$1,032$725$503$302
30 years$1,907$1,367$962$665$454$267
31 years$1,826$1,293$896$611$411$236
32 years$1,750$1,223$836$561$371$209
33 years$1,678$1,158$781$516$336$185
34 years$1,611$1,098$730$475$304$164
35 years$1,548$1,041$682$437$276$145
36 years$1,488$988$638$403$250$129
37 years$1,432$939$597$371$226$114
38 years$1,379$892$559$342$205$101
39 years$1,329$848$524$315$186$89
40 years$1,281$807$491$291$169$79
41 years$1,236$768$461$268$153$70
42 years$1,193$732$432$248$139$62
43 years$1,152$697$405$229$126$55
44 years$1,113$664$381$211$114$49
45 years$1,076$634$357$195$104$43
46 years$1,041$604$336$180$94$39
47 years$1,007$577$315$166$86$34
48 years$975$551$296$154$78$30
49 years$944$526$278$142$71$27
50 years$915$502$262$131$64$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $937,000, adding $4,745 every year, while hoping to spend $32,202 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: 77/12/11 Blend
63$937,000$937,000$937,000$937,000
64$1,037,468$987,807$973,284$1,114,895
65$1,109,028$1,001,947$971,626$1,180,657
66$1,186,806$1,015,701$968,834$1,248,165
67$1,271,405$1,029,015$964,835$1,321,270
68$1,363,485$1,041,833$959,553$1,400,518
69$1,463,773$1,054,095$952,910$1,486,508
70$1,573,068$1,065,736$944,822$1,579,903
71$1,692,250$1,076,686$935,204$1,681,430
72$1,822,290$1,086,874$923,963$1,791,893
73$1,964,252$1,096,219$911,004$1,912,175
74$2,119,311$1,104,640$896,229$2,043,251
75$2,288,760$1,112,046$879,531$2,186,194
76$2,474,020$1,118,343$860,803$2,342,189
77$2,676,660$1,123,431$839,929$2,512,537
78$2,898,402$1,127,203$816,789$2,698,677
79$3,141,147$1,129,543$791,260$2,902,190
80$3,406,986$1,130,333$763,209$3,124,822
81$3,698,222$1,129,442$732,499$3,368,496
82$4,017,391$1,126,736$698,989$3,635,329
83$4,367,286$1,122,068$662,527$3,927,658
84$4,750,986$1,115,285$622,957$4,248,056
85$5,171,876$1,106,224$580,117$4,599,359
86$5,633,691$1,094,712$533,834$4,984,693
87$6,140,541$1,080,567$483,931$5,407,504
88$6,696,954$1,063,592$430,220$5,871,588
89$7,307,919$1,043,584$372,508$6,381,131
90$7,978,930$1,020,323$310,591$6,940,744
91$8,716,041$993,579$244,256$7,555,511
92$9,525,920$963,107$173,281$8,231,034
93$10,415,913$928,649$97,435$8,973,488
94$11,394,114$889,930$16,477$9,789,679
95$12,469,438$846,661$0$10,687,108
96$13,651,708$798,535$0$11,682,248
97$14,951,747$745,228$0$12,778,600
98$16,381,479$686,397$0$13,984,305
99$17,954,039$621,681$0$15,310,462
100$19,683,903$550,695$0$16,769,305