Can I retire at age 64 with 955,000?

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 $955,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$78,863$78,161$77,475$76,806$76,153$75,077
2 years$39,041$38,314$37,609$36,926$36,263$35,181
3 years$25,769$25,039$24,336$23,659$23,007$21,953
4 years$19,134$18,406$17,710$17,045$16,409$15,390
5 years$15,154$14,431$13,744$13,092$12,474$11,494
6 years$12,502$11,784$11,107$10,470$9,870$8,930
7 years$10,608$9,896$9,230$8,608$8,027$7,127
8 years$9,188$8,483$7,828$7,221$6,659$5,800
9 years$8,085$7,386$6,742$6,151$5,608$4,788
10 years$7,202$6,510$5,878$5,302$4,778$3,997
11 years$6,481$5,796$5,175$4,614$4,109$3,367
12 years$5,880$5,202$4,592$4,047$3,561$2,856
13 years$5,372$4,701$4,103$3,573$3,105$2,437
14 years$4,937$4,273$3,687$3,172$2,722$2,089
15 years$4,560$3,903$3,329$2,829$2,397$1,798
16 years$4,231$3,581$3,018$2,533$2,118$1,553
17 years$3,941$3,298$2,746$2,276$1,878$1,345
18 years$3,683$3,048$2,507$2,051$1,670$1,168
19 years$3,453$2,825$2,295$1,853$1,489$1,016
20 years$3,246$2,625$2,106$1,678$1,330$885
21 years$3,059$2,445$1,937$1,523$1,190$772
22 years$2,889$2,282$1,785$1,385$1,067$675
23 years$2,734$2,134$1,649$1,261$957$591
24 years$2,592$2,000$1,525$1,150$861$517
25 years$2,462$1,877$1,412$1,051$774$453
26 years$2,342$1,764$1,310$961$697$398
27 years$2,231$1,660$1,216$879$629$349
28 years$2,128$1,564$1,131$806$567$307
29 years$2,033$1,476$1,052$739$512$269
30 years$1,944$1,394$980$678$463$237
31 years$1,861$1,317$914$623$419$208
32 years$1,783$1,247$852$572$379$183
33 years$1,710$1,181$796$526$343$161
34 years$1,642$1,119$744$484$310$142
35 years$1,577$1,061$695$446$281$125
36 years$1,517$1,007$650$411$255$110
37 years$1,460$957$609$378$231$97
38 years$1,405$909$570$349$209$85
39 years$1,354$865$534$321$190$75
40 years$1,306$823$501$296$172$66
41 years$1,260$783$469$274$156$58
42 years$1,216$746$440$252$142$51
43 years$1,174$710$413$233$129$45
44 years$1,135$677$388$215$117$40
45 years$1,097$646$364$199$106$35
46 years$1,061$616$342$184$96$31
47 years$1,027$588$321$170$87$27
48 years$994$561$302$157$79$24
49 years$962$536$284$145$72$21
50 years$932$512$267$134$65$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $955,000, adding $4,203 every year, while hoping to spend $45,032 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: 58/37/5 Blend
63$955,000$955,000$955,000$955,000
64$1,056,745$1,006,130$991,328$1,116,823
65$1,116,620$1,007,517$976,624$1,158,997
66$1,181,092$1,007,462$959,918$1,199,440
67$1,250,584$1,005,848$941,095$1,242,380
68$1,325,557$1,002,549$920,036$1,288,058
69$1,406,522$997,432$896,615$1,336,742
70$1,494,037$990,355$870,701$1,388,727
71$1,588,715$981,170$842,156$1,444,340
72$1,691,233$969,716$810,837$1,503,945
73$1,802,332$955,825$776,594$1,567,943
74$1,922,830$939,320$739,269$1,636,778
75$2,053,622$920,011$698,699$1,710,942
76$2,195,698$897,698$654,711$1,790,979
77$2,350,142$872,168$607,127$1,877,494
78$2,518,150$843,197$555,759$1,971,152
79$2,701,036$810,549$500,412$2,072,692
80$2,900,246$773,970$440,880$2,182,929
81$3,117,372$733,196$376,951$2,302,768
82$3,354,166$687,945$308,401$2,433,208
83$3,612,557$637,919$234,998$2,575,353
84$3,894,665$582,805$156,498$2,730,426
85$4,202,828$522,269$72,647$2,899,777
86$4,539,617$455,961$0$3,084,901
87$4,907,863$383,509$0$3,288,348
88$5,310,685$304,520$0$3,515,239
89$5,751,514$218,581$0$3,763,728
90$6,234,131$125,254$0$4,036,061
91$6,762,697$24,076$0$4,334,719
92$7,341,797$0$0$4,662,442
93$7,976,478$0$0$5,057,044
94$8,672,300$0$0$5,500,488
95$9,435,386$0$0$5,986,883
96$10,272,479$0$0$6,520,539
97$11,191,009$0$0$7,106,202
98$12,199,157$0$0$7,749,100
99$13,305,936$0$0$8,454,994
100$14,521,274$0$0$9,230,226