Can I retire at age 64 with 959,000?

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 $959,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$79,193$78,488$77,800$77,128$76,472$73,612
2 years$39,205$38,474$37,767$37,081$36,415$33,567
3 years$25,877$25,143$24,438$23,758$23,103$20,356
4 years$19,214$18,483$17,784$17,116$16,477$13,852
5 years$15,218$14,491$13,801$13,147$12,526$10,029
6 years$12,554$11,833$11,154$10,514$9,911$7,545
7 years$10,652$9,937$9,269$8,644$8,061$5,824
8 years$9,227$8,518$7,861$7,251$6,687$4,578
9 years$8,119$7,417$6,770$6,176$5,631$3,647
10 years$7,232$6,537$5,903$5,324$4,798$2,935
11 years$6,508$5,820$5,196$4,634$4,127$2,381
12 years$5,905$5,224$4,612$4,064$3,576$1,943
13 years$5,395$4,721$4,120$3,588$3,118$1,593
14 years$4,958$4,291$3,702$3,185$2,734$1,312
15 years$4,579$3,920$3,342$2,841$2,407$1,083
16 years$4,249$3,596$3,030$2,543$2,127$897
17 years$3,957$3,312$2,758$2,285$1,886$744
18 years$3,698$3,061$2,517$2,059$1,677$619
19 years$3,467$2,836$2,304$1,861$1,495$515
20 years$3,259$2,636$2,115$1,685$1,335$429
21 years$3,071$2,455$1,945$1,530$1,195$358
22 years$2,901$2,292$1,793$1,391$1,071$299
23 years$2,745$2,143$1,655$1,267$961$250
24 years$2,603$2,008$1,531$1,155$864$209
25 years$2,472$1,885$1,418$1,055$778$175
26 years$2,352$1,771$1,315$965$700$146
27 years$2,241$1,667$1,221$883$631$122
28 years$2,137$1,571$1,135$809$570$102
29 years$2,041$1,482$1,056$742$515$86
30 years$1,952$1,399$984$681$465$72
31 years$1,869$1,323$917$625$420$60
32 years$1,791$1,252$856$575$380$50
33 years$1,717$1,185$799$528$344$42
34 years$1,649$1,124$747$486$312$35
35 years$1,584$1,066$698$448$282$30
36 years$1,523$1,011$653$412$256$25
37 years$1,466$961$611$380$232$21
38 years$1,411$913$572$350$210$17
39 years$1,360$868$536$323$190$15
40 years$1,311$826$503$298$173$12
41 years$1,265$786$471$275$157$10
42 years$1,221$749$442$254$142$9
43 years$1,179$713$415$234$129$7
44 years$1,139$680$389$216$117$6
45 years$1,102$649$366$200$106$5
46 years$1,065$619$343$184$97$4
47 years$1,031$590$323$170$88$4
48 years$998$564$303$157$80$3
49 years$966$538$285$145$72$2
50 years$936$514$268$134$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $959,000, adding $2,415 every year, while hoping to spend $26,997 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: 51/38/11 Blend
63$959,000$959,000$959,000$959,000
64$1,059,309$1,008,482$993,618$1,110,128
65$1,138,634$1,029,173$998,179$1,165,797
66$1,225,145$1,049,973$1,001,989$1,223,210
67$1,319,547$1,070,859$1,004,993$1,285,002
68$1,422,616$1,091,806$1,007,134$1,351,593
69$1,535,204$1,112,786$1,008,355$1,423,446
70$1,658,252$1,133,769$1,008,592$1,501,069
71$1,792,794$1,154,725$1,007,780$1,585,024
72$1,939,970$1,175,617$1,005,852$1,675,929
73$2,101,033$1,196,408$1,002,734$1,774,467
74$2,277,365$1,217,059$998,352$1,881,389
75$2,470,487$1,237,526$992,628$1,997,524
76$2,682,074$1,257,761$985,478$2,123,785
77$2,913,969$1,277,716$976,815$2,261,179
78$3,168,206$1,297,335$966,550$2,410,816
79$3,447,020$1,316,562$954,587$2,573,920
80$3,752,876$1,335,334$940,826$2,751,839
81$4,088,489$1,353,585$925,163$2,946,062
82$4,456,848$1,371,244$907,489$3,158,228
83$4,861,247$1,388,235$887,691$3,390,145
84$5,305,314$1,404,478$865,647$3,643,805
85$5,793,044$1,419,885$841,235$3,921,407
86$6,328,840$1,434,365$814,321$4,225,372
87$6,917,551$1,447,819$784,771$4,558,372
88$7,564,522$1,460,142$752,441$4,923,352
89$8,275,636$1,471,222$717,181$5,323,559
90$9,057,380$1,480,941$678,836$5,762,570
91$9,916,897$1,489,171$637,241$6,244,334
92$10,862,057$1,495,778$592,225$6,773,200
93$11,901,534$1,500,618$543,612$7,353,965
94$13,044,881$1,503,539$491,214$7,991,917
95$14,302,626$1,504,379$434,836$8,692,885
96$15,686,366$1,502,966$374,275$9,463,297
97$17,208,881$1,499,117$309,319$10,310,238
98$18,884,252$1,492,638$239,746$11,241,519
99$20,727,992$1,483,324$165,324$12,265,752
100$22,757,197$1,470,957$85,812$13,392,429