Can I retire at age 64 with 938,000?

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 $938,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$77,459$76,769$76,096$75,439$74,797$71,801
2 years$38,346$37,632$36,940$36,269$35,618$32,637
3 years$25,310$24,593$23,903$23,238$22,597$19,726
4 years$18,793$18,078$17,395$16,741$16,117$13,376
5 years$14,884$14,174$13,499$12,859$12,252$9,649
6 years$12,279$11,574$10,909$10,283$9,694$7,231
7 years$10,419$9,720$9,066$8,455$7,884$5,559
8 years$9,025$8,332$7,688$7,092$6,541$4,352
9 years$7,941$7,254$6,622$6,041$5,508$3,452
10 years$7,074$6,394$5,773$5,208$4,693$2,766
11 years$6,365$5,692$5,083$4,532$4,036$2,233
12 years$5,775$5,109$4,511$3,975$3,498$1,814
13 years$5,276$4,617$4,030$3,510$3,050$1,481
14 years$4,849$4,197$3,621$3,115$2,674$1,213
15 years$4,479$3,834$3,269$2,778$2,354$997
16 years$4,156$3,518$2,964$2,488$2,081$821
17 years$3,871$3,240$2,697$2,235$1,845$678
18 years$3,618$2,993$2,462$2,014$1,640$560
19 years$3,391$2,774$2,254$1,820$1,462$464
20 years$3,188$2,578$2,069$1,649$1,306$385
21 years$3,004$2,401$1,903$1,496$1,169$319
22 years$2,837$2,242$1,754$1,360$1,048$265
23 years$2,685$2,096$1,619$1,239$940$220
24 years$2,546$1,964$1,497$1,130$845$183
25 years$2,418$1,843$1,387$1,032$761$152
26 years$2,300$1,732$1,286$944$685$127
27 years$2,192$1,630$1,194$864$618$105
28 years$2,091$1,536$1,110$791$557$88
29 years$1,997$1,449$1,033$726$503$73
30 years$1,909$1,369$963$666$455$61
31 years$1,828$1,294$897$612$411$51
32 years$1,751$1,224$837$562$372$42
33 years$1,680$1,159$782$517$337$35
34 years$1,613$1,099$730$476$305$29
35 years$1,549$1,042$683$438$276$24
36 years$1,490$989$639$403$250$20
37 years$1,434$940$598$371$227$17
38 years$1,380$893$560$342$205$14
39 years$1,330$849$525$316$186$12
40 years$1,282$808$492$291$169$10
41 years$1,237$769$461$269$153$8
42 years$1,194$732$432$248$139$7
43 years$1,153$698$406$229$126$6
44 years$1,114$665$381$211$115$5
45 years$1,077$634$358$195$104$4
46 years$1,042$605$336$180$94$3
47 years$1,008$577$316$167$86$3
48 years$976$551$297$154$78$2
49 years$945$526$279$142$71$2
50 years$916$503$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 $938,000, adding $4,491 every year, while hoping to spend $32,688 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: 39/40/21 Blend
63$938,000$938,000$938,000$938,000
64$1,038,308$988,594$974,055$1,072,155
65$1,109,436$1,002,256$971,907$1,110,608
66$1,186,723$1,015,491$968,590$1,148,731
67$1,270,764$1,028,245$964,032$1,189,287
68$1,362,210$1,040,458$958,156$1,232,515
69$1,461,782$1,052,067$950,881$1,278,681
70$1,570,271$1,063,004$942,122$1,328,078
71$1,688,545$1,073,198$931,790$1,381,030
72$1,817,564$1,082,572$919,792$1,437,897
73$1,958,382$1,091,044$906,031$1,499,076
74$2,112,159$1,098,527$890,405$1,565,008
75$2,280,172$1,104,929$872,808$1,636,180
76$2,463,830$1,110,150$853,127$1,713,131
77$2,664,679$1,114,086$831,245$1,796,457
78$2,884,426$1,116,626$807,041$1,886,818
79$3,124,947$1,117,650$780,387$1,984,943
80$3,388,310$1,117,034$751,148$2,091,639
81$3,676,791$1,114,642$719,185$2,207,798
82$3,992,898$1,110,334$684,353$2,334,406
83$4,339,392$1,103,959$646,497$2,472,554
84$4,719,314$1,095,356$605,458$2,623,448
85$5,136,013$1,084,358$561,069$2,788,419
86$5,593,178$1,070,783$513,157$2,968,940
87$6,094,872$1,054,441$461,538$3,166,638
88$6,645,572$1,035,132$406,022$3,383,310
89$7,250,207$1,012,640$346,411$3,620,944
90$7,914,209$986,740$282,496$3,881,732
91$8,643,560$957,192$214,062$4,168,100
92$9,444,851$923,743$140,881$4,482,723
93$10,325,343$886,123$62,718$4,828,560
94$11,293,035$844,050$0$5,208,874
95$12,356,737$797,221$0$5,631,910
96$13,526,160$745,320$0$6,112,308
97$14,811,998$688,011$0$6,640,457
98$16,226,036$624,938$0$7,221,272
99$17,781,257$555,725$0$7,860,174
100$19,491,966$479,976$0$8,563,144