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%16.8%
1 years$79,606$78,897$78,205$77,530$76,871$74,740
2 years$39,409$38,675$37,964$37,274$36,605$34,474
3 years$26,012$25,275$24,565$23,882$23,224$21,159
4 years$19,314$18,579$17,877$17,206$16,563$14,582
5 years$15,297$14,567$13,873$13,215$12,591$10,697
6 years$12,620$11,895$11,212$10,569$9,963$8,159
7 years$10,708$9,989$9,317$8,689$8,103$6,388
8 years$9,275$8,563$7,902$7,289$6,722$5,096
9 years$8,161$7,455$6,806$6,209$5,661$4,123
10 years$7,270$6,571$5,933$5,352$4,823$3,371
11 years$6,542$5,850$5,224$4,658$4,148$2,778
12 years$5,935$5,251$4,636$4,085$3,595$2,305
13 years$5,423$4,745$4,142$3,607$3,135$1,923
14 years$4,984$4,313$3,721$3,202$2,748$1,611
15 years$4,603$3,940$3,360$2,855$2,419$1,354
16 years$4,271$3,615$3,046$2,557$2,138$1,142
17 years$3,978$3,329$2,772$2,297$1,896$965
18 years$3,718$3,076$2,530$2,070$1,686$817
19 years$3,485$2,851$2,317$1,871$1,503$693
20 years$3,276$2,650$2,126$1,694$1,342$589
21 years$3,088$2,468$1,955$1,538$1,201$501
22 years$2,916$2,304$1,802$1,398$1,077$426
23 years$2,760$2,155$1,664$1,273$966$363
24 years$2,617$2,019$1,539$1,161$869$310
25 years$2,485$1,894$1,425$1,061$782$264
26 years$2,364$1,781$1,322$970$704$225
27 years$2,252$1,676$1,228$888$635$193
28 years$2,149$1,579$1,141$813$573$164
29 years$2,052$1,490$1,062$746$517$141
30 years$1,962$1,407$989$684$467$120
31 years$1,878$1,330$922$629$422$103
32 years$1,800$1,258$860$578$382$88
33 years$1,726$1,192$803$531$346$75
34 years$1,657$1,129$751$489$313$64
35 years$1,592$1,071$702$450$284$55
36 years$1,531$1,017$657$414$257$47
37 years$1,473$966$614$382$233$40
38 years$1,419$918$575$352$211$34
39 years$1,367$873$539$324$191$29
40 years$1,318$830$505$299$174$25
41 years$1,271$790$474$276$158$22
42 years$1,227$753$444$255$143$18
43 years$1,185$717$417$235$130$16
44 years$1,145$684$392$217$118$14
45 years$1,107$652$368$201$107$12
46 years$1,071$622$345$185$97$10
47 years$1,036$593$324$171$88$8
48 years$1,003$567$305$158$80$7
49 years$972$541$287$146$73$6
50 years$941$517$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 $964,000, adding $2,813 every year, while hoping to spend $37,650 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: 52/25/23 Blend
63$964,000$964,000$964,000$964,000
64$1,065,230$1,014,138$999,196$1,113,679
65$1,133,824$1,023,771$992,609$1,157,083
66$1,208,153$1,032,615$984,541$1,200,169
67$1,288,761$1,040,590$974,900$1,246,256
68$1,376,250$1,047,613$963,594$1,295,643
69$1,471,277$1,053,596$950,524$1,348,661
70$1,574,568$1,058,444$935,587$1,405,676
71$1,686,922$1,062,055$918,677$1,467,094
72$1,809,215$1,064,323$899,681$1,533,363
73$1,942,415$1,065,135$878,480$1,604,980
74$2,087,584$1,064,369$854,951$1,682,492
75$2,245,892$1,061,898$828,967$1,766,506
76$2,418,627$1,057,584$800,391$1,857,691
77$2,607,206$1,051,285$769,083$1,956,790
78$2,813,189$1,042,846$734,895$2,064,620
79$3,038,293$1,032,105$697,674$2,182,088
80$3,284,411$1,018,890$657,257$2,310,192
81$3,553,623$1,003,017$613,478$2,450,039
82$3,848,222$984,295$566,159$2,602,849
83$4,170,732$962,517$515,117$2,769,973
84$4,523,934$937,467$460,159$2,952,899
85$4,910,887$908,914$401,087$3,153,275
86$5,334,962$876,616$337,688$3,372,918
87$5,799,873$840,316$269,746$3,613,837
88$6,309,709$799,740$197,031$3,878,250
89$6,868,973$754,600$119,305$4,168,605
90$7,482,625$704,593$36,318$4,487,605
91$8,156,130$649,395$0$4,838,236
92$8,895,506$588,666$0$5,236,614
93$9,707,383$522,046$0$5,683,901
94$10,599,064$449,155$0$6,175,259
95$11,578,595$369,590$0$6,715,193
96$12,654,839$282,927$0$7,308,669
97$13,837,559$188,717$0$7,961,165
98$15,137,512$86,486$0$8,678,720
99$16,566,549$0$0$9,467,992
100$18,137,726$0$0$10,343,000