Can I retire at age 64 with 952,000?

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 $952,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$78,615$77,915$77,232$76,565$75,914$74,534
2 years$38,918$38,194$37,491$36,810$36,149$34,764
3 years$25,688$24,960$24,259$23,585$22,935$21,587
4 years$19,074$18,348$17,655$16,991$16,357$15,057
5 years$15,107$14,385$13,701$13,051$12,434$11,187
6 years$12,463$11,747$11,072$10,437$9,839$8,644
7 years$10,575$9,865$9,201$8,581$8,002$6,861
8 years$9,159$8,456$7,803$7,198$6,638$5,551
9 years$8,059$7,362$6,721$6,131$5,590$4,555
10 years$7,180$6,490$5,859$5,285$4,763$3,780
11 years$6,460$5,777$5,159$4,600$4,097$3,164
12 years$5,862$5,185$4,578$4,035$3,550$2,667
13 years$5,355$4,686$4,090$3,562$3,096$2,260
14 years$4,921$4,260$3,675$3,162$2,714$1,925
15 years$4,546$3,891$3,318$2,820$2,389$1,645
16 years$4,218$3,570$3,008$2,525$2,112$1,411
17 years$3,928$3,288$2,737$2,269$1,872$1,213
18 years$3,671$3,038$2,499$2,044$1,665$1,046
19 years$3,442$2,816$2,288$1,847$1,484$903
20 years$3,236$2,617$2,100$1,673$1,325$781
21 years$3,049$2,437$1,931$1,518$1,186$677
22 years$2,880$2,275$1,780$1,381$1,063$587
23 years$2,725$2,128$1,643$1,257$954$509
24 years$2,584$1,994$1,520$1,147$858$443
25 years$2,454$1,871$1,408$1,047$772$385
26 years$2,335$1,758$1,306$958$695$335
27 years$2,224$1,655$1,212$877$627$292
28 years$2,122$1,559$1,127$803$566$254
29 years$2,027$1,471$1,049$736$511$221
30 years$1,938$1,389$977$676$461$193
31 years$1,855$1,313$911$621$417$168
32 years$1,778$1,243$850$570$377$147
33 years$1,705$1,177$793$525$342$128
34 years$1,637$1,115$741$483$309$112
35 years$1,572$1,058$693$444$280$98
36 years$1,512$1,004$648$409$254$85
37 years$1,455$954$607$377$230$74
38 years$1,401$906$568$348$209$65
39 years$1,350$862$532$320$189$57
40 years$1,302$820$499$296$172$50
41 years$1,256$781$468$273$156$43
42 years$1,212$743$439$252$141$38
43 years$1,171$708$412$232$128$33
44 years$1,131$675$387$214$116$29
45 years$1,094$644$363$198$106$25
46 years$1,058$614$341$183$96$22
47 years$1,023$586$320$169$87$19
48 years$991$559$301$156$79$17
49 years$959$534$283$144$72$15
50 years$929$510$266$133$65$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $952,000, adding $2,673 every year, while hoping to spend $36,716 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: 28/50/22 Blend
63$952,000$952,000$952,000$952,000
64$1,051,861$1,001,405$986,649$1,073,967
65$1,120,086$1,011,409$980,636$1,101,425
66$1,194,038$1,020,671$973,192$1,127,484
67$1,274,265$1,029,119$964,228$1,154,708
68$1,361,365$1,036,671$953,655$1,183,220
69$1,455,999$1,043,243$941,377$1,213,157
70$1,558,892$1,048,743$927,295$1,244,673
71$1,670,844$1,053,076$911,304$1,277,941
72$1,792,732$1,056,139$893,295$1,313,152
73$1,925,524$1,057,823$873,154$1,350,523
74$2,070,284$1,058,013$850,761$1,390,293
75$2,228,183$1,056,585$825,991$1,432,732
76$2,400,509$1,053,410$798,713$1,478,138
77$2,588,682$1,048,347$768,791$1,526,847
78$2,794,262$1,041,252$736,080$1,579,230
79$3,018,971$1,031,967$700,433$1,635,702
80$3,264,700$1,020,327$661,691$1,696,725
81$3,533,534$1,006,158$619,692$1,762,814
82$3,827,768$989,273$574,265$1,834,540
83$4,149,928$969,475$525,232$1,912,539
84$4,502,799$946,557$472,405$1,997,519
85$4,889,444$920,298$415,590$2,090,266
86$5,313,239$890,464$354,584$2,191,651
87$5,777,900$856,808$289,173$2,302,645
88$6,287,522$819,068$219,137$2,424,322
89$6,846,615$776,968$144,244$2,557,877
90$7,460,144$730,214$64,251$2,704,634
91$8,133,582$678,498$0$2,866,061
92$8,872,954$621,491$0$3,048,744
93$9,684,899$558,847$0$3,265,946
94$10,576,730$490,202$0$3,504,636
95$11,556,503$415,168$0$3,767,094
96$12,633,092$333,338$0$4,055,846
97$13,816,275$244,279$0$4,373,680
98$15,116,823$147,536$0$4,723,681
99$16,546,602$42,629$0$5,109,258
100$18,118,687$0$0$5,534,178