Can I retire at age 64 with 952,000?

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 $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%16.9%
1 years$78,615$77,915$77,232$76,565$75,914$73,780
2 years$38,918$38,194$37,491$36,810$36,149$34,015
3 years$25,688$24,960$24,259$23,585$22,935$20,868
4 years$19,074$18,348$17,655$16,991$16,357$14,373
5 years$15,107$14,385$13,701$13,051$12,434$10,539
6 years$12,463$11,747$11,072$10,437$9,839$8,034
7 years$10,575$9,865$9,201$8,581$8,002$6,287
8 years$9,159$8,456$7,803$7,198$6,638$5,013
9 years$8,059$7,362$6,721$6,131$5,590$4,052
10 years$7,180$6,490$5,859$5,285$4,763$3,311
11 years$6,460$5,777$5,159$4,600$4,097$2,728
12 years$5,862$5,185$4,578$4,035$3,550$2,262
13 years$5,355$4,686$4,090$3,562$3,096$1,885
14 years$4,921$4,260$3,675$3,162$2,714$1,578
15 years$4,546$3,891$3,318$2,820$2,389$1,326
16 years$4,218$3,570$3,008$2,525$2,112$1,117
17 years$3,928$3,288$2,737$2,269$1,872$943
18 years$3,671$3,038$2,499$2,044$1,665$798
19 years$3,442$2,816$2,288$1,847$1,484$677
20 years$3,236$2,617$2,100$1,673$1,325$574
21 years$3,049$2,437$1,931$1,518$1,186$488
22 years$2,880$2,275$1,780$1,381$1,063$415
23 years$2,725$2,128$1,643$1,257$954$353
24 years$2,584$1,994$1,520$1,147$858$301
25 years$2,454$1,871$1,408$1,047$772$257
26 years$2,335$1,758$1,306$958$695$219
27 years$2,224$1,655$1,212$877$627$187
28 years$2,122$1,559$1,127$803$566$159
29 years$2,027$1,471$1,049$736$511$136
30 years$1,938$1,389$977$676$461$116
31 years$1,855$1,313$911$621$417$99
32 years$1,778$1,243$850$570$377$85
33 years$1,705$1,177$793$525$342$73
34 years$1,637$1,115$741$483$309$62
35 years$1,572$1,058$693$444$280$53
36 years$1,512$1,004$648$409$254$45
37 years$1,455$954$607$377$230$39
38 years$1,401$906$568$348$209$33
39 years$1,350$862$532$320$189$28
40 years$1,302$820$499$296$172$24
41 years$1,256$781$468$273$156$21
42 years$1,212$743$439$252$141$18
43 years$1,171$708$412$232$128$15
44 years$1,131$675$387$214$116$13
45 years$1,094$644$363$198$106$11
46 years$1,058$614$341$183$96$9
47 years$1,023$586$320$169$87$8
48 years$991$559$301$156$79$7
49 years$959$534$283$144$72$6
50 years$929$510$266$133$65$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $952,000, adding $5,773 every year, while hoping to spend $23,598 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: 64/17/19 Blend
63$952,000$952,000$952,000$952,000
64$1,055,059$1,004,603$989,847$1,117,158
65$1,137,567$1,028,720$997,899$1,183,715
66$1,227,700$1,053,229$1,005,429$1,253,197
67$1,326,210$1,078,122$1,012,396$1,328,547
68$1,433,927$1,103,394$1,018,755$1,410,340
69$1,551,763$1,129,036$1,024,459$1,499,210
70$1,680,724$1,155,039$1,029,459$1,595,853
71$1,821,914$1,181,392$1,033,702$1,701,039
72$1,976,553$1,208,084$1,037,136$1,815,613
73$2,145,983$1,235,102$1,039,701$1,940,509
74$2,331,681$1,262,430$1,041,339$2,076,754
75$2,535,275$1,290,051$1,041,986$2,225,481
76$2,758,557$1,317,947$1,041,576$2,387,938
77$3,003,501$1,346,098$1,040,040$2,565,499
78$3,272,281$1,374,480$1,037,305$2,759,681
79$3,567,294$1,403,070$1,033,295$2,972,154
80$3,891,177$1,431,839$1,027,929$3,204,756
81$4,246,837$1,460,759$1,021,125$3,459,518
82$4,637,475$1,489,797$1,012,793$3,738,673
83$5,066,619$1,518,918$1,002,842$4,044,686
84$5,538,152$1,548,083$991,176$4,380,270
85$6,056,356$1,577,252$977,693$4,748,417
86$6,625,947$1,606,380$962,288$5,152,425
87$7,252,119$1,635,418$944,850$5,595,926
88$7,940,595$1,664,313$925,263$6,082,927
89$8,697,682$1,693,011$903,405$6,617,840
90$9,530,327$1,721,450$879,151$7,205,530
91$10,446,184$1,749,565$852,366$7,851,357
92$11,453,688$1,777,286$822,913$8,561,231
93$12,562,129$1,804,539$790,646$9,341,663
94$13,781,747$1,831,242$755,414$10,199,829
95$15,123,822$1,857,309$717,056$11,143,639
96$16,600,783$1,882,649$675,409$12,181,811
97$18,226,325$1,907,161$630,298$13,323,952
98$20,015,539$1,930,741$581,541$14,580,651
99$21,985,052$1,953,275$528,951$15,963,576
100$24,153,185$1,974,643$472,328$17,485,591