Can I retire at age 64 with 939,000?

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 $939,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$77,542$76,851$76,177$75,519$74,877$72,713
2 years$38,387$37,672$36,979$36,307$35,656$33,493
3 years$25,337$24,619$23,928$23,263$22,622$20,528
4 years$18,813$18,098$17,413$16,759$16,134$14,125
5 years$14,900$14,189$13,514$12,873$12,265$10,346
6 years$12,292$11,586$10,921$10,294$9,705$7,878
7 years$10,430$9,730$9,075$8,464$7,892$6,158
8 years$9,034$8,340$7,697$7,100$6,548$4,904
9 years$7,949$7,262$6,629$6,048$5,514$3,960
10 years$7,082$6,401$5,779$5,213$4,698$3,231
11 years$6,372$5,698$5,088$4,537$4,041$2,658
12 years$5,781$5,115$4,516$3,979$3,502$2,202
13 years$5,282$4,622$4,034$3,513$3,053$1,833
14 years$4,854$4,201$3,625$3,119$2,677$1,532
15 years$4,484$3,838$3,273$2,781$2,357$1,285
16 years$4,160$3,521$2,967$2,490$2,083$1,081
17 years$3,875$3,243$2,700$2,238$1,847$912
18 years$3,621$2,997$2,465$2,017$1,642$770
19 years$3,395$2,777$2,256$1,822$1,464$652
20 years$3,191$2,581$2,071$1,650$1,307$553
21 years$3,007$2,404$1,905$1,498$1,170$469
22 years$2,840$2,244$1,756$1,362$1,049$398
23 years$2,688$2,099$1,621$1,240$941$338
24 years$2,549$1,966$1,499$1,131$846$288
25 years$2,421$1,845$1,388$1,033$761$245
26 years$2,303$1,734$1,288$945$686$209
27 years$2,194$1,632$1,196$865$618$178
28 years$2,093$1,538$1,112$792$558$151
29 years$1,999$1,451$1,034$726$504$129
30 years$1,911$1,370$964$667$455$110
31 years$1,830$1,295$898$612$412$94
32 years$1,753$1,226$838$563$372$80
33 years$1,682$1,161$783$517$337$68
34 years$1,614$1,100$731$476$305$58
35 years$1,551$1,043$684$438$276$50
36 years$1,491$990$639$404$250$42
37 years$1,435$941$599$372$227$36
38 years$1,382$894$561$343$206$31
39 years$1,331$850$525$316$187$26
40 years$1,284$809$492$292$169$23
41 years$1,238$770$462$269$153$19
42 years$1,195$733$433$248$139$16
43 years$1,155$699$406$229$126$14
44 years$1,116$666$381$212$115$12
45 years$1,079$635$358$195$104$10
46 years$1,043$606$336$180$95$9
47 years$1,009$578$316$167$86$7
48 years$977$552$297$154$78$6
49 years$946$527$279$142$71$5
50 years$917$503$262$132$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $939,000, adding $4,141 every year, while hoping to spend $58,250 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: 47/38/15 Blend
63$939,000$939,000$939,000$939,000
64$1,039,049$989,282$974,728$1,083,314
65$1,083,055$975,780$945,404$1,100,921
66$1,129,597$959,663$913,145$1,113,741
67$1,178,872$940,743$877,792$1,126,384
68$1,231,096$918,819$839,177$1,138,856
69$1,286,504$893,677$797,126$1,151,167
70$1,345,354$865,094$751,456$1,163,332
71$1,407,927$832,830$701,976$1,175,372
72$1,474,530$796,633$648,487$1,187,316
73$1,545,502$756,238$590,781$1,199,201
74$1,621,210$711,361$528,639$1,211,070
75$1,702,060$661,704$461,835$1,222,979
76$1,788,494$606,951$390,131$1,234,996
77$1,880,999$546,770$313,278$1,247,201
78$1,980,106$480,808$231,019$1,259,689
79$2,086,401$408,691$143,082$1,272,573
80$2,200,524$330,027$49,185$1,285,984
81$2,323,179$244,400$0$1,300,076
82$2,455,138$151,370$0$1,323,191
83$2,597,249$50,474$0$1,356,301
84$2,750,443$0$0$1,391,812
85$2,915,744$0$0$1,454,626
86$3,094,276$0$0$1,545,345
87$3,287,273$0$0$1,643,500
88$3,496,093$0$0$1,749,795
89$3,722,229$0$0$1,864,999
90$3,967,321$0$0$1,989,961
91$4,233,174$0$0$2,125,613
92$4,521,770$0$0$2,272,981
93$4,835,294$0$0$2,433,193
94$5,176,144$0$0$2,607,490
95$5,546,961$0$0$2,797,238
96$5,950,652$0$0$3,003,939
97$6,390,414$0$0$3,229,248
98$6,869,764$0$0$3,474,984
99$7,392,575$0$0$3,743,149
100$7,963,108$0$0$4,035,950