Can I retire at age 64 with 946,000?

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 $946,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$78,120$77,424$76,745$76,082$75,435$74,803
2 years$38,673$37,953$37,255$36,578$35,922$35,285
3 years$25,526$24,803$24,106$23,436$22,790$22,168
4 years$18,954$18,233$17,543$16,884$16,254$15,651
5 years$15,011$14,295$13,614$12,969$12,356$11,775
6 years$12,384$11,673$11,002$10,371$9,777$9,218
7 years$10,508$9,803$9,143$8,527$7,951$7,414
8 years$9,102$8,403$7,754$7,153$6,596$6,082
9 years$8,008$7,316$6,679$6,093$5,555$5,063
10 years$7,134$6,449$5,822$5,252$4,733$4,263
11 years$6,420$5,741$5,126$4,571$4,071$3,622
12 years$5,825$5,153$4,549$4,009$3,528$3,100
13 years$5,321$4,657$4,064$3,539$3,076$2,669
14 years$4,890$4,233$3,652$3,142$2,697$2,309
15 years$4,517$3,867$3,297$2,802$2,374$2,007
16 years$4,191$3,548$2,989$2,509$2,098$1,750
17 years$3,904$3,267$2,720$2,254$1,861$1,530
18 years$3,648$3,019$2,483$2,032$1,654$1,342
19 years$3,420$2,798$2,273$1,836$1,475$1,179
20 years$3,215$2,600$2,086$1,663$1,317$1,038
21 years$3,030$2,422$1,919$1,509$1,179$916
22 years$2,862$2,261$1,769$1,372$1,056$809
23 years$2,708$2,114$1,633$1,249$948$715
24 years$2,568$1,981$1,510$1,140$852$633
25 years$2,439$1,859$1,399$1,041$767$561
26 years$2,320$1,747$1,297$952$691$498
27 years$2,210$1,644$1,205$871$623$442
28 years$2,108$1,549$1,120$798$562$392
29 years$2,014$1,462$1,042$732$508$349
30 years$1,926$1,380$971$672$459$310
31 years$1,843$1,305$905$617$415$276
32 years$1,766$1,235$844$567$375$245
33 years$1,694$1,169$788$521$339$218
34 years$1,626$1,108$737$480$307$195
35 years$1,563$1,051$689$442$278$173
36 years$1,502$998$644$407$252$154
37 years$1,446$948$603$375$229$138
38 years$1,392$901$565$345$207$123
39 years$1,341$856$529$318$188$109
40 years$1,293$815$496$294$170$98
41 years$1,248$776$465$271$155$87
42 years$1,204$739$436$250$140$78
43 years$1,163$704$409$231$127$69
44 years$1,124$671$384$213$116$62
45 years$1,087$640$361$197$105$55
46 years$1,051$610$339$182$95$49
47 years$1,017$582$318$168$87$44
48 years$984$556$299$155$79$39
49 years$953$531$281$143$71$35
50 years$924$507$264$133$65$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $946,000, adding $4,635 every year, while hoping to spend $23,311 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: 44/37/19 Blend
63$946,000$946,000$946,000$946,000
64$1,047,273$997,135$982,472$1,087,411
65$1,129,292$1,021,192$990,582$1,140,163
66$1,218,896$1,045,646$998,183$1,194,648
67$1,316,833$1,070,493$1,005,232$1,253,220
68$1,423,929$1,095,726$1,011,686$1,316,267
69$1,541,091$1,121,338$1,017,499$1,384,218
70$1,669,320$1,147,320$1,022,622$1,457,546
71$1,809,715$1,173,664$1,027,004$1,536,769
72$1,963,489$1,200,357$1,030,592$1,622,461
73$2,131,978$1,227,387$1,033,330$1,715,254
74$2,316,651$1,254,740$1,035,158$1,815,843
75$2,519,128$1,282,401$1,036,014$1,924,996
76$2,741,192$1,310,352$1,035,834$2,043,558
77$2,984,808$1,338,573$1,034,549$2,172,460
78$3,252,139$1,367,044$1,032,087$2,312,729
79$3,545,569$1,395,741$1,028,373$2,465,497
80$3,867,722$1,424,638$1,023,329$2,632,012
81$4,221,491$1,453,706$1,016,872$2,813,648
82$4,610,061$1,482,916$1,008,915$3,011,921
83$5,036,942$1,512,233$999,368$3,228,503
84$5,505,999$1,541,621$988,136$3,465,235
85$6,021,491$1,571,041$975,119$3,724,148
86$6,588,111$1,600,450$960,213$4,007,479
87$7,211,027$1,629,802$943,310$4,317,695
88$7,895,936$1,659,045$924,294$4,657,517
89$8,649,110$1,688,128$903,047$5,029,943
90$9,477,464$1,716,990$879,444$5,438,276
91$10,388,614$1,745,571$853,353$5,886,162
92$11,390,950$1,773,802$824,638$6,377,615
93$12,493,720$1,801,612$793,157$6,917,063
94$13,707,111$1,828,922$758,759$7,509,387
95$15,042,347$1,855,650$721,288$8,159,965
96$16,511,796$1,881,706$680,581$8,874,729
97$18,129,086$1,906,996$636,467$9,660,216
98$19,909,231$1,931,418$588,767$10,523,631
99$21,868,777$1,954,861$537,295$11,472,918
100$24,025,954$1,977,211$481,856$12,516,834