Can I retire at age 64 with 951,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $951,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$78,533$77,833$77,151$76,485$75,834$75,419
2 years$38,878$38,154$37,452$36,771$36,111$35,693
3 years$25,661$24,934$24,234$23,560$22,911$22,501
4 years$19,054$18,329$17,636$16,974$16,340$15,943
5 years$15,091$14,370$13,686$13,037$12,421$12,038
6 years$12,449$11,734$11,061$10,426$9,829$9,459
7 years$10,564$9,854$9,191$8,572$7,993$7,638
8 years$9,150$8,447$7,795$7,191$6,631$6,290
9 years$8,051$7,355$6,714$6,125$5,584$5,258
10 years$7,172$6,483$5,853$5,280$4,758$4,445
11 years$6,454$5,771$5,153$4,595$4,092$3,793
12 years$5,855$5,180$4,573$4,030$3,546$3,261
13 years$5,350$4,681$4,086$3,558$3,092$2,820
14 years$4,916$4,255$3,671$3,159$2,711$2,451
15 years$4,541$3,887$3,315$2,817$2,387$2,140
16 years$4,213$3,566$3,005$2,522$2,109$1,875
17 years$3,924$3,284$2,735$2,266$1,870$1,648
18 years$3,668$3,035$2,496$2,042$1,663$1,452
19 years$3,438$2,813$2,285$1,845$1,482$1,282
20 years$3,232$2,614$2,097$1,671$1,324$1,135
21 years$3,046$2,435$1,929$1,517$1,185$1,006
22 years$2,877$2,273$1,778$1,379$1,062$893
23 years$2,723$2,126$1,642$1,256$953$794
24 years$2,581$1,992$1,518$1,146$857$707
25 years$2,452$1,869$1,406$1,046$771$630
26 years$2,332$1,756$1,304$957$695$562
27 years$2,222$1,653$1,211$876$626$501
28 years$2,120$1,558$1,126$802$565$448
29 years$2,024$1,469$1,048$736$510$400
30 years$1,936$1,388$976$675$461$358
31 years$1,853$1,312$910$620$417$320
32 years$1,776$1,241$849$570$377$286
33 years$1,703$1,176$793$524$341$257
34 years$1,635$1,114$741$482$309$230
35 years$1,571$1,057$692$444$280$206
36 years$1,510$1,003$648$409$254$185
37 years$1,453$953$606$377$230$165
38 years$1,399$905$568$347$208$148
39 years$1,348$861$532$320$189$133
40 years$1,300$819$499$295$171$119
41 years$1,254$780$467$272$155$107
42 years$1,211$743$438$251$141$96
43 years$1,169$707$411$232$128$86
44 years$1,130$674$386$214$116$77
45 years$1,092$643$363$198$105$69
46 years$1,057$613$341$183$96$62
47 years$1,022$585$320$169$87$56
48 years$990$559$301$156$79$50
49 years$958$534$283$144$72$45
50 years$929$510$266$133$65$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $951,000, adding $2,874 every year, while hoping to spend $49,645 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: 75/6/19 Blend
63$951,000$951,000$951,000$951,000
64$1,050,967$1,000,564$985,823$1,124,926
65$1,105,343$996,769$966,026$1,170,529
66$1,163,602$991,125$943,902$1,214,123
67$1,226,088$983,488$919,321$1,260,607
68$1,293,176$973,707$892,146$1,310,256
69$1,365,282$961,620$862,234$1,363,373
70$1,442,858$947,057$829,437$1,420,295
71$1,526,405$929,837$793,598$1,481,391
72$1,616,468$909,770$754,554$1,547,071
73$1,713,651$886,652$712,134$1,617,786
74$1,818,615$860,269$666,162$1,694,033
75$1,932,084$830,393$616,449$1,776,362
76$2,054,859$796,785$562,803$1,865,381
77$2,187,817$759,189$505,018$1,961,758
78$2,331,922$717,337$442,884$2,066,233
79$2,488,236$670,944$376,179$2,179,621
80$2,657,925$619,709$304,670$2,302,823
81$2,842,273$563,315$228,116$2,436,832
82$3,042,691$501,424$146,264$2,582,744
83$3,260,733$433,681$58,852$2,741,769
84$3,498,108$359,711$0$2,915,242
85$3,756,695$279,117$0$3,111,617
86$4,038,564$191,481$0$3,338,724
87$4,345,993$96,358$0$3,586,474
88$4,681,487$0$0$3,856,908
89$5,047,806$0$0$4,152,720
90$5,447,988$0$0$4,482,862
91$5,885,374$0$0$4,843,735
92$6,363,648$0$0$5,238,382
93$6,886,861$0$0$5,670,151
94$7,459,477$0$0$6,142,730
95$8,086,410$0$0$6,660,180
96$8,773,070$0$0$7,226,973
97$9,525,419$0$0$7,848,034
98$10,350,018$0$0$8,528,786
99$11,254,096$0$0$9,275,203
100$12,245,613$0$0$10,093,864