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%13.1%
1 years$79,524$78,815$78,124$77,450$76,791$75,800
2 years$39,368$38,635$37,924$37,235$36,567$35,570
3 years$25,985$25,248$24,540$23,857$23,200$22,228
4 years$19,294$18,560$17,859$17,188$16,546$15,607
5 years$15,281$14,551$13,859$13,202$12,578$11,674
6 years$12,607$11,882$11,200$10,558$9,953$9,085
7 years$10,697$9,979$9,307$8,680$8,094$7,263
8 years$9,265$8,554$7,893$7,281$6,715$5,920
9 years$8,152$7,447$6,799$6,202$5,655$4,896
10 years$7,263$6,565$5,927$5,346$4,818$4,095
11 years$6,535$5,844$5,218$4,653$4,144$3,456
12 years$5,929$5,245$4,631$4,081$3,591$2,937
13 years$5,417$4,740$4,137$3,603$3,131$2,511
14 years$4,978$4,309$3,718$3,198$2,745$2,157
15 years$4,598$3,936$3,356$2,852$2,417$1,860
16 years$4,266$3,611$3,043$2,554$2,136$1,610
17 years$3,974$3,326$2,769$2,295$1,894$1,397
18 years$3,714$3,073$2,528$2,068$1,684$1,216
19 years$3,482$2,848$2,314$1,869$1,501$1,060
20 years$3,273$2,647$2,124$1,692$1,341$926
21 years$3,084$2,465$1,953$1,536$1,200$810
22 years$2,913$2,301$1,800$1,397$1,075$709
23 years$2,757$2,152$1,662$1,272$965$622
24 years$2,614$2,017$1,537$1,160$868$546
25 years$2,483$1,893$1,424$1,059$781$480
26 years$2,362$1,779$1,321$969$703$422
27 years$2,250$1,674$1,226$887$634$371
28 years$2,146$1,577$1,140$812$572$327
29 years$2,050$1,488$1,061$745$517$288
30 years$1,960$1,405$988$684$467$254
31 years$1,876$1,328$921$628$422$223
32 years$1,798$1,257$860$577$382$197
33 years$1,725$1,190$803$531$346$174
34 years$1,656$1,128$750$488$313$153
35 years$1,591$1,070$701$449$283$135
36 years$1,529$1,016$656$414$257$120
37 years$1,472$965$614$381$233$106
38 years$1,417$917$575$352$211$93
39 years$1,366$872$539$324$191$82
40 years$1,317$829$505$299$174$73
41 years$1,270$790$473$276$157$64
42 years$1,226$752$444$255$143$57
43 years$1,184$716$417$235$130$50
44 years$1,144$683$391$217$118$44
45 years$1,106$651$367$200$107$39
46 years$1,070$621$345$185$97$35
47 years$1,035$593$324$171$88$31
48 years$1,002$566$305$158$80$27
49 years$971$540$286$146$73$24
50 years$940$516$269$135$66$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $963,000, adding $3,148 every year, while hoping to spend $52,070 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: 38/37/25 Blend
63$963,000$963,000$963,000$963,000
64$1,064,473$1,013,434$998,508$1,096,880
65$1,117,647$1,007,690$976,556$1,115,074
66$1,174,500$999,920$952,123$1,129,667
67$1,235,352$989,969$925,072$1,144,415
68$1,300,553$977,673$895,257$1,159,364
69$1,370,490$962,859$862,529$1,174,570
70$1,445,585$945,344$826,728$1,190,098
71$1,526,302$924,933$787,691$1,206,023
72$1,613,149$901,419$745,243$1,222,435
73$1,706,687$874,585$699,205$1,239,436
74$1,807,529$844,200$649,389$1,257,146
75$1,916,350$810,019$595,596$1,275,701
76$2,033,890$771,783$537,621$1,295,258
77$2,160,966$729,218$475,250$1,315,996
78$2,298,470$682,036$408,257$1,338,121
79$2,447,389$629,931$336,408$1,361,865
80$2,608,803$572,578$259,459$1,387,492
81$2,783,903$509,636$177,152$1,415,303
82$2,973,996$440,743$89,222$1,445,635
83$3,180,522$365,518$0$1,478,871
84$3,405,063$283,557$0$1,516,675
85$3,649,363$194,434$0$1,583,779
86$3,915,335$97,698$0$1,656,985
87$4,205,089$0$0$1,736,991
88$4,520,946$0$0$1,827,475
89$4,865,459$0$0$1,969,673
90$5,241,438$0$0$2,124,983
91$5,651,978$0$0$2,294,698
92$6,100,484$0$0$2,480,242
93$6,590,706$0$0$2,683,184
94$7,126,771$0$0$2,905,250
95$7,713,225$0$0$3,148,340
96$8,355,073$0$0$3,414,548
97$9,057,825$0$0$3,706,179
98$9,827,549$0$0$4,025,773
99$10,670,929$0$0$4,376,123
100$11,595,324$0$0$4,760,311