Can I retire at age 64 with 964,000?

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 $964,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$79,606$78,897$78,205$77,530$76,871$74,470
2 years$39,409$38,675$37,964$37,274$36,605$34,207
3 years$26,012$25,275$24,565$23,882$23,224$20,905
4 years$19,314$18,579$17,877$17,206$16,563$14,341
5 years$15,297$14,567$13,873$13,215$12,591$10,471
6 years$12,620$11,895$11,212$10,569$9,963$7,947
7 years$10,708$9,989$9,317$8,689$8,103$6,191
8 years$9,275$8,563$7,902$7,289$6,722$4,913
9 years$8,161$7,455$6,806$6,209$5,661$3,952
10 years$7,270$6,571$5,933$5,352$4,823$3,213
11 years$6,542$5,850$5,224$4,658$4,148$2,633
12 years$5,935$5,251$4,636$4,085$3,595$2,172
13 years$5,423$4,745$4,142$3,607$3,135$1,801
14 years$4,984$4,313$3,721$3,202$2,748$1,499
15 years$4,603$3,940$3,360$2,855$2,419$1,252
16 years$4,271$3,615$3,046$2,557$2,138$1,049
17 years$3,978$3,329$2,772$2,297$1,896$881
18 years$3,718$3,076$2,530$2,070$1,686$741
19 years$3,485$2,851$2,317$1,871$1,503$624
20 years$3,276$2,650$2,126$1,694$1,342$527
21 years$3,088$2,468$1,955$1,538$1,201$445
22 years$2,916$2,304$1,802$1,398$1,077$376
23 years$2,760$2,155$1,664$1,273$966$318
24 years$2,617$2,019$1,539$1,161$869$269
25 years$2,485$1,894$1,425$1,061$782$228
26 years$2,364$1,781$1,322$970$704$193
27 years$2,252$1,676$1,228$888$635$164
28 years$2,149$1,579$1,141$813$573$139
29 years$2,052$1,490$1,062$746$517$118
30 years$1,962$1,407$989$684$467$100
31 years$1,878$1,330$922$629$422$85
32 years$1,800$1,258$860$578$382$72
33 years$1,726$1,192$803$531$346$61
34 years$1,657$1,129$751$489$313$52
35 years$1,592$1,071$702$450$284$44
36 years$1,531$1,017$657$414$257$37
37 years$1,473$966$614$382$233$32
38 years$1,419$918$575$352$211$27
39 years$1,367$873$539$324$191$23
40 years$1,318$830$505$299$174$19
41 years$1,271$790$474$276$158$17
42 years$1,227$753$444$255$143$14
43 years$1,185$717$417$235$130$12
44 years$1,145$684$392$217$118$10
45 years$1,107$652$368$201$107$9
46 years$1,071$622$345$185$97$7
47 years$1,036$593$324$171$88$6
48 years$1,003$567$305$158$80$5
49 years$972$541$287$146$73$4
50 years$941$517$269$135$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $964,000, adding $5,483 every year, while hoping to spend $25,961 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: 74/16/10 Blend
63$964,000$964,000$964,000$964,000
64$1,067,984$1,016,892$1,001,950$1,144,656
65$1,149,296$1,039,097$1,007,893$1,218,189
66$1,238,032$1,061,520$1,013,165$1,294,936
67$1,334,921$1,084,145$1,017,716$1,378,292
68$1,440,767$1,106,952$1,021,494$1,468,906
69$1,556,455$1,129,922$1,024,443$1,567,490
70$1,682,957$1,153,033$1,026,506$1,674,828
71$1,821,347$1,176,260$1,027,622$1,791,784
72$1,972,805$1,199,577$1,027,728$1,919,310
73$2,138,630$1,222,955$1,026,756$2,058,454
74$2,320,254$1,246,364$1,024,636$2,210,372
75$2,519,254$1,269,770$1,021,295$2,376,335
76$2,737,365$1,293,136$1,016,656$2,557,745
77$2,976,500$1,316,423$1,010,638$2,756,147
78$3,238,764$1,339,588$1,003,155$2,973,243
79$3,526,477$1,362,587$994,119$3,210,906
80$3,842,193$1,385,370$983,438$3,471,202
81$4,188,727$1,407,883$971,013$3,756,408
82$4,569,178$1,430,070$956,743$4,069,032
83$4,986,961$1,451,870$940,521$4,411,836
84$5,445,837$1,473,218$922,235$4,787,865
85$5,949,950$1,494,043$901,767$5,200,475
86$6,503,865$1,514,271$878,996$5,653,363
87$7,112,610$1,533,822$853,793$6,150,604
88$7,781,726$1,552,608$826,025$6,696,687
89$8,517,316$1,570,540$795,551$7,296,560
90$9,326,104$1,587,519$762,224$7,955,674
91$10,215,499$1,603,440$725,891$8,680,040
92$11,193,664$1,618,192$686,392$9,476,277
93$12,269,592$1,631,658$643,560$10,351,682
94$13,453,191$1,643,709$597,220$11,314,296
95$14,755,378$1,654,213$547,188$12,372,981
96$16,188,182$1,663,024$493,275$13,537,502
97$17,764,856$1,669,992$435,279$14,818,621
98$19,500,003$1,674,954$372,993$16,228,198
99$21,409,714$1,677,737$306,199$17,779,303
100$23,511,718$1,678,160$234,670$19,486,340