Can I retire at age 64 with 957,000?

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 $957,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$79,028$78,324$77,637$76,967$76,313$74,956
2 years$39,123$38,394$37,688$37,003$36,339$34,977
3 years$25,823$25,091$24,387$23,708$23,055$21,730
4 years$19,174$18,445$17,747$17,081$16,443$15,165
5 years$15,186$14,461$13,773$13,120$12,500$11,272
6 years$12,528$11,808$11,130$10,492$9,891$8,715
7 years$10,630$9,917$9,249$8,626$8,044$6,921
8 years$9,208$8,500$7,844$7,236$6,673$5,602
9 years$8,102$7,401$6,756$6,164$5,620$4,601
10 years$7,217$6,524$5,890$5,313$4,788$3,820
11 years$6,494$5,808$5,186$4,624$4,118$3,199
12 years$5,892$5,213$4,602$4,056$3,569$2,698
13 years$5,383$4,711$4,112$3,581$3,112$2,289
14 years$4,947$4,282$3,694$3,178$2,728$1,950
15 years$4,570$3,912$3,336$2,835$2,402$1,668
16 years$4,240$3,589$3,024$2,538$2,123$1,432
17 years$3,949$3,305$2,752$2,280$1,882$1,232
18 years$3,691$3,054$2,512$2,055$1,674$1,063
19 years$3,460$2,831$2,300$1,857$1,492$918
20 years$3,253$2,630$2,111$1,682$1,332$795
21 years$3,065$2,450$1,941$1,526$1,192$689
22 years$2,895$2,287$1,789$1,388$1,069$598
23 years$2,740$2,139$1,652$1,264$959$520
24 years$2,598$2,004$1,528$1,153$862$452
25 years$2,467$1,881$1,415$1,053$776$393
26 years$2,347$1,768$1,312$963$699$342
27 years$2,236$1,663$1,219$881$630$298
28 years$2,133$1,568$1,133$807$569$260
29 years$2,037$1,479$1,054$740$513$227
30 years$1,948$1,397$982$679$464$198
31 years$1,865$1,320$916$624$419$173
32 years$1,787$1,249$854$573$379$151
33 years$1,714$1,183$798$527$343$132
34 years$1,645$1,121$745$485$311$115
35 years$1,581$1,063$697$447$282$101
36 years$1,520$1,009$652$411$255$88
37 years$1,463$959$610$379$231$77
38 years$1,408$911$571$349$210$67
39 years$1,357$866$535$322$190$59
40 years$1,308$824$502$297$172$51
41 years$1,262$785$470$274$156$45
42 years$1,218$747$441$253$142$39
43 years$1,177$712$414$234$129$34
44 years$1,137$679$389$216$117$30
45 years$1,099$647$365$199$106$26
46 years$1,063$617$343$184$96$23
47 years$1,029$589$322$170$88$20
48 years$996$562$303$157$79$18
49 years$964$537$284$145$72$15
50 years$934$513$267$134$66$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $957,000, adding $4,064 every year, while hoping to spend $38,529 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: 62/21/17 Blend
63$957,000$957,000$957,000$957,000
64$1,058,806$1,008,085$993,252$1,119,667
65$1,125,810$1,016,487$985,531$1,169,521
66$1,198,356$1,024,009$976,260$1,219,218
67$1,276,971$1,030,567$965,347$1,272,563
68$1,362,230$1,036,073$952,694$1,329,915
69$1,454,768$1,040,432$938,201$1,391,667
70$1,555,284$1,043,542$921,759$1,458,255
71$1,664,544$1,045,296$903,259$1,530,161
72$1,783,393$1,045,581$882,584$1,607,917
73$1,912,760$1,044,276$859,612$1,692,110
74$2,053,668$1,041,252$834,215$1,783,386
75$2,207,241$1,036,372$806,260$1,882,463
76$2,374,718$1,029,493$775,608$1,990,128
77$2,557,461$1,020,460$742,113$2,107,255
78$2,756,971$1,009,111$705,622$2,234,805
79$2,974,897$995,273$665,977$2,373,840
80$3,213,059$978,764$623,009$2,525,534
81$3,473,457$959,389$576,546$2,691,180
82$3,758,295$936,944$526,405$2,872,206
83$4,069,998$911,212$472,397$3,070,190
84$4,411,239$881,962$414,323$3,286,871
85$4,784,958$848,951$351,975$3,524,169
86$5,194,395$811,921$285,138$3,784,203
87$5,643,118$770,599$213,585$4,069,311
88$6,135,056$724,699$137,080$4,382,072
89$6,674,536$673,914$55,377$4,725,333
90$7,266,325$617,922$0$5,102,234
91$7,915,672$556,382$0$5,522,012
92$8,628,361$488,935$0$5,993,812
93$9,410,761$415,199$0$6,511,848
94$10,269,888$334,773$0$7,080,824
95$11,213,471$247,232$0$7,705,927
96$12,250,026$152,128$0$8,392,877
97$13,388,932$48,985$0$9,147,976
98$14,640,523$0$0$9,978,175
99$16,016,183$0$0$10,905,622
100$17,528,453$0$0$11,937,691