Can I retire at age 64 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$78,450$77,751$77,070$76,404$75,754$74,225
2 years$38,837$38,113$37,412$36,733$36,073$34,539
3 years$25,634$24,908$24,208$23,535$22,887$21,395
4 years$19,034$18,310$17,617$16,956$16,323$14,886
5 years$15,075$14,355$13,672$13,024$12,408$11,031
6 years$12,436$11,722$11,049$10,415$9,818$8,501
7 years$10,552$9,844$9,182$8,563$7,985$6,728
8 years$9,140$8,438$7,787$7,183$6,624$5,427
9 years$8,042$7,347$6,707$6,118$5,579$4,441
10 years$7,165$6,476$5,847$5,274$4,753$3,674
11 years$6,447$5,765$5,148$4,590$4,088$3,065
12 years$5,849$5,175$4,568$4,026$3,543$2,575
13 years$5,344$4,676$4,082$3,554$3,089$2,176
14 years$4,911$4,251$3,667$3,155$2,708$1,846
15 years$4,536$3,883$3,311$2,814$2,384$1,573
16 years$4,209$3,563$3,002$2,520$2,107$1,344
17 years$3,920$3,281$2,732$2,264$1,868$1,152
18 years$3,664$3,032$2,494$2,040$1,661$989
19 years$3,435$2,810$2,283$1,843$1,481$851
20 years$3,229$2,611$2,095$1,670$1,323$733
21 years$3,043$2,432$1,927$1,515$1,184$633
22 years$2,874$2,270$1,776$1,378$1,061$547
23 years$2,720$2,123$1,640$1,255$952$473
24 years$2,579$1,989$1,517$1,144$856$409
25 years$2,449$1,867$1,405$1,045$770$354
26 years$2,330$1,755$1,303$956$694$307
27 years$2,220$1,651$1,210$875$626$266
28 years$2,117$1,556$1,125$801$564$231
29 years$2,022$1,468$1,047$735$510$201
30 years$1,934$1,386$975$674$461$174
31 years$1,851$1,311$909$619$416$151
32 years$1,774$1,240$848$569$377$131
33 years$1,701$1,174$792$523$341$114
34 years$1,633$1,113$740$482$309$99
35 years$1,569$1,056$692$443$280$86
36 years$1,509$1,002$647$408$253$75
37 years$1,452$952$606$376$230$65
38 years$1,398$904$567$347$208$57
39 years$1,347$860$531$320$189$49
40 years$1,299$818$498$295$171$43
41 years$1,253$779$467$272$155$37
42 years$1,209$742$438$251$141$32
43 years$1,168$707$411$232$128$28
44 years$1,129$674$386$214$116$25
45 years$1,091$642$362$198$105$21
46 years$1,055$613$340$183$96$19
47 years$1,021$585$320$169$87$16
48 years$989$558$300$156$79$14
49 years$957$533$282$144$72$12
50 years$928$509$265$133$65$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $950,000, adding $2,693 every year, while hoping to spend $31,863 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: 44/32/24 Blend
63$950,000$950,000$950,000$950,000
64$1,049,678$999,328$984,603$1,088,452
65$1,122,843$1,014,393$983,685$1,131,274
66$1,202,403$1,029,128$981,669$1,174,371
67$1,288,977$1,043,484$978,483$1,220,453
68$1,383,245$1,057,407$974,055$1,269,815
69$1,485,956$1,070,840$968,306$1,322,781
70$1,597,935$1,083,723$961,155$1,379,711
71$1,720,088$1,095,989$952,518$1,441,002
72$1,853,415$1,107,571$942,305$1,507,092
73$1,999,015$1,118,393$930,424$1,578,467
74$2,158,097$1,128,377$916,775$1,655,663
75$2,331,993$1,137,438$901,258$1,739,271
76$2,522,171$1,145,487$883,765$1,829,947
77$2,730,245$1,152,428$864,183$1,928,414
78$2,957,993$1,158,160$842,396$2,035,471
79$3,207,373$1,162,574$818,281$2,152,000
80$3,480,541$1,165,557$791,710$2,278,978
81$3,779,872$1,166,985$762,548$2,417,480
82$4,107,980$1,166,729$730,655$2,568,697
83$4,467,746$1,164,651$695,884$2,733,942
84$4,862,342$1,160,604$658,082$2,914,667
85$5,295,262$1,154,435$617,089$3,112,475
86$5,770,354$1,145,978$572,736$3,329,133
87$6,291,857$1,135,057$524,850$3,566,597
88$6,864,441$1,121,489$473,247$3,827,022
89$7,493,249$1,105,077$417,735$4,112,789
90$8,183,947$1,085,613$358,116$4,426,528
91$8,942,777$1,062,876$294,181$4,771,138
92$9,776,617$1,036,633$225,712$5,149,821
93$10,693,041$1,006,636$152,482$5,566,113
94$11,700,395$972,626$74,254$6,023,913
95$12,807,874$934,323$0$6,527,526
96$14,025,608$891,436$0$7,084,063
97$15,364,758$843,654$0$7,716,850
98$16,837,620$790,650$0$8,412,702
99$18,457,743$732,077$0$9,178,072
100$20,240,052$667,569$0$10,020,074