Can I retire at age 64 with 963,000?

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 $963,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$79,524$78,815$78,124$77,450$76,791$74,602
2 years$39,368$38,635$37,924$37,235$36,567$34,379
3 years$25,985$25,248$24,540$23,857$23,200$21,081
4 years$19,294$18,560$17,859$17,188$16,546$14,513
5 years$15,281$14,551$13,859$13,202$12,578$10,636
6 years$12,607$11,882$11,200$10,558$9,953$8,103
7 years$10,697$9,979$9,307$8,680$8,094$6,337
8 years$9,265$8,554$7,893$7,281$6,715$5,050
9 years$8,152$7,447$6,799$6,202$5,655$4,080
10 years$7,263$6,565$5,927$5,346$4,818$3,331
11 years$6,535$5,844$5,218$4,653$4,144$2,743
12 years$5,929$5,245$4,631$4,081$3,591$2,273
13 years$5,417$4,740$4,137$3,603$3,131$1,893
14 years$4,978$4,309$3,718$3,198$2,745$1,584
15 years$4,598$3,936$3,356$2,852$2,417$1,330
16 years$4,266$3,611$3,043$2,554$2,136$1,119
17 years$3,974$3,326$2,769$2,295$1,894$945
18 years$3,714$3,073$2,528$2,068$1,684$799
19 years$3,482$2,848$2,314$1,869$1,501$676
20 years$3,273$2,647$2,124$1,692$1,341$574
21 years$3,084$2,465$1,953$1,536$1,200$487
22 years$2,913$2,301$1,800$1,397$1,075$414
23 years$2,757$2,152$1,662$1,272$965$352
24 years$2,614$2,017$1,537$1,160$868$300
25 years$2,483$1,893$1,424$1,059$781$255
26 years$2,362$1,779$1,321$969$703$218
27 years$2,250$1,674$1,226$887$634$186
28 years$2,146$1,577$1,140$812$572$158
29 years$2,050$1,488$1,061$745$517$135
30 years$1,960$1,405$988$684$467$115
31 years$1,876$1,328$921$628$422$98
32 years$1,798$1,257$860$577$382$84
33 years$1,725$1,190$803$531$346$72
34 years$1,656$1,128$750$488$313$61
35 years$1,591$1,070$701$449$283$52
36 years$1,529$1,016$656$414$257$45
37 years$1,472$965$614$381$233$38
38 years$1,417$917$575$352$211$33
39 years$1,366$872$539$324$191$28
40 years$1,317$829$505$299$174$24
41 years$1,270$790$473$276$157$20
42 years$1,226$752$444$255$143$17
43 years$1,184$716$417$235$130$15
44 years$1,144$683$391$217$118$13
45 years$1,106$651$367$200$107$11
46 years$1,070$621$345$185$97$9
47 years$1,035$593$324$171$88$8
48 years$1,002$566$305$158$80$7
49 years$971$540$286$146$73$6
50 years$940$516$269$135$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $963,000, adding $3,074 every year, while hoping to spend $45,479 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: 76/19/5 Blend
63$963,000$963,000$963,000$963,000
64$1,064,397$1,013,358$998,431$1,144,739
65$1,124,576$1,014,623$983,489$1,199,184
66$1,189,369$1,014,426$966,523$1,252,668
67$1,259,199$1,012,647$947,415$1,309,949
68$1,334,530$1,009,159$926,046$1,371,385
69$1,415,871$1,003,827$902,288$1,437,367
70$1,503,784$996,509$876,009$1,508,332
71$1,598,884$987,052$847,069$1,584,757
72$1,701,848$975,295$815,324$1,667,171
73$1,813,420$961,069$780,621$1,756,154
74$1,934,420$944,192$742,803$1,852,348
75$2,065,746$924,472$701,702$1,956,461
76$2,208,389$901,709$657,146$2,069,272
77$2,363,438$875,685$608,953$2,191,641
78$2,532,090$846,176$556,935$2,324,516
79$2,715,664$812,938$500,893$2,468,944
80$2,915,609$775,720$440,620$2,626,078
81$3,133,521$734,250$375,901$2,797,189
82$3,371,157$688,245$306,510$2,983,680
83$3,630,449$637,403$232,212$3,187,098
84$3,913,525$581,406$152,761$3,409,150
85$4,222,727$519,917$67,901$3,651,715
86$4,560,633$452,581$0$3,916,870
87$4,930,082$379,023$0$4,208,111
88$5,334,200$298,844$0$4,530,698
89$5,776,426$211,625$0$4,883,803
90$6,260,551$116,925$0$5,270,511
91$6,790,748$14,274$0$5,694,223
92$7,371,610$0$0$6,158,691
93$8,008,198$0$0$6,688,290
94$8,706,087$0$0$7,272,195
95$9,471,413$0$0$7,912,562
96$10,310,937$0$0$8,615,053
97$11,232,106$0$0$9,385,902
98$12,243,123$0$0$10,231,981
99$13,353,021$0$0$11,160,853
100$14,571,753$0$0$12,180,855