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%18.6%
1 years$78,450$77,751$77,070$76,404$75,754$73,125
2 years$38,837$38,113$37,412$36,733$36,073$33,451
3 years$25,634$24,908$24,208$23,535$22,887$20,354
4 years$19,034$18,310$17,617$16,956$16,323$13,900
5 years$15,075$14,355$13,672$13,024$12,408$10,101
6 years$12,436$11,722$11,049$10,415$9,818$7,628
7 years$10,552$9,844$9,182$8,563$7,985$5,912
8 years$9,140$8,438$7,787$7,183$6,624$4,667
9 years$8,042$7,347$6,707$6,118$5,579$3,734
10 years$7,165$6,476$5,847$5,274$4,753$3,018
11 years$6,447$5,765$5,148$4,590$4,088$2,459
12 years$5,849$5,175$4,568$4,026$3,543$2,017
13 years$5,344$4,676$4,082$3,554$3,089$1,662
14 years$4,911$4,251$3,667$3,155$2,708$1,375
15 years$4,536$3,883$3,311$2,814$2,384$1,141
16 years$4,209$3,563$3,002$2,520$2,107$950
17 years$3,920$3,281$2,732$2,264$1,868$792
18 years$3,664$3,032$2,494$2,040$1,661$662
19 years$3,435$2,810$2,283$1,843$1,481$554
20 years$3,229$2,611$2,095$1,670$1,323$464
21 years$3,043$2,432$1,927$1,515$1,184$389
22 years$2,874$2,270$1,776$1,378$1,061$327
23 years$2,720$2,123$1,640$1,255$952$274
24 years$2,579$1,989$1,517$1,144$856$231
25 years$2,449$1,867$1,405$1,045$770$194
26 years$2,330$1,755$1,303$956$694$163
27 years$2,220$1,651$1,210$875$626$137
28 years$2,117$1,556$1,125$801$564$116
29 years$2,022$1,468$1,047$735$510$97
30 years$1,934$1,386$975$674$461$82
31 years$1,851$1,311$909$619$416$69
32 years$1,774$1,240$848$569$377$58
33 years$1,701$1,174$792$523$341$49
34 years$1,633$1,113$740$482$309$41
35 years$1,569$1,056$692$443$280$35
36 years$1,509$1,002$647$408$253$29
37 years$1,452$952$606$376$230$25
38 years$1,398$904$567$347$208$21
39 years$1,347$860$531$320$189$18
40 years$1,299$818$498$295$171$15
41 years$1,253$779$467$272$155$12
42 years$1,209$742$438$251$141$11
43 years$1,168$707$411$232$128$9
44 years$1,129$674$386$214$116$7
45 years$1,091$642$362$198$105$6
46 years$1,055$613$340$183$96$5
47 years$1,021$585$320$169$87$4
48 years$989$558$300$156$79$4
49 years$957$533$282$144$72$3
50 years$928$509$265$133$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $950,000, adding $3,378 every year, while hoping to spend $24,409 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: 38/46/16 Blend
63$950,000$950,000$950,000$950,000
64$1,050,384$1,000,034$985,309$1,085,114
65$1,131,553$1,023,065$992,346$1,133,344
66$1,220,182$1,046,406$998,801$1,182,844
67$1,317,008$1,070,047$1,004,628$1,235,818
68$1,422,839$1,093,976$1,009,779$1,292,592
69$1,538,567$1,118,180$1,014,206$1,353,526
70$1,665,174$1,142,643$1,017,854$1,419,013
71$1,803,739$1,167,350$1,020,670$1,489,490
72$1,955,452$1,192,282$1,022,594$1,565,436
73$2,121,624$1,217,419$1,023,566$1,647,380
74$2,303,696$1,242,740$1,023,523$1,735,906
75$2,503,259$1,268,220$1,022,397$1,831,656
76$2,722,061$1,293,833$1,020,117$1,935,338
77$2,962,031$1,319,550$1,016,610$2,047,734
78$3,225,290$1,345,340$1,011,799$2,169,705
79$3,514,178$1,371,170$1,005,602$2,302,200
80$3,831,269$1,397,002$997,935$2,446,267
81$4,179,401$1,422,797$988,708$2,603,059
82$4,561,699$1,448,513$977,828$2,773,849
83$4,981,605$1,474,103$965,198$2,960,041
84$5,442,911$1,499,517$950,715$3,163,182
85$5,949,797$1,524,702$934,273$3,384,977
86$6,506,863$1,549,599$915,758$3,627,308
87$7,119,181$1,574,147$895,054$3,892,248
88$7,792,337$1,598,280$872,037$4,182,086
89$8,532,485$1,621,926$846,580$4,499,342
90$9,346,406$1,645,008$818,549$4,846,797
91$10,241,571$1,667,444$787,802$5,227,517
92$11,226,210$1,689,148$754,192$5,644,882
93$12,309,393$1,710,026$717,566$6,102,620
94$13,501,110$1,729,976$677,764$6,604,839
95$14,812,372$1,748,894$634,618$7,156,070
96$16,255,308$1,766,664$587,952$7,761,311
97$17,843,284$1,783,165$537,583$8,426,067
98$19,591,027$1,798,268$483,320$9,156,414
99$21,514,762$1,811,834$424,962$9,959,045
100$23,632,371$1,823,716$362,300$10,841,343