Can I retire at age 64 with 966,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $966,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$79,771$79,061$78,368$77,691$77,030$76,609
2 years$39,491$38,755$38,043$37,351$36,681$36,256
3 years$26,066$25,327$24,616$23,931$23,272$22,856
4 years$19,354$18,618$17,914$17,241$16,598$16,195
5 years$15,329$14,597$13,902$13,243$12,617$12,228
6 years$12,646$11,919$11,235$10,590$9,984$9,609
7 years$10,730$10,010$9,336$8,707$8,119$7,759
8 years$9,294$8,580$7,918$7,304$6,736$6,390
9 years$8,178$7,471$6,820$6,221$5,673$5,341
10 years$7,285$6,585$5,946$5,363$4,833$4,516
11 years$6,555$5,862$5,234$4,667$4,157$3,853
12 years$5,948$5,262$4,645$4,094$3,602$3,312
13 years$5,434$4,755$4,150$3,614$3,141$2,865
14 years$4,994$4,322$3,729$3,208$2,754$2,490
15 years$4,613$3,948$3,367$2,861$2,424$2,174
16 years$4,280$3,623$3,053$2,562$2,143$1,905
17 years$3,986$3,336$2,778$2,302$1,900$1,674
18 years$3,725$3,083$2,536$2,075$1,689$1,475
19 years$3,493$2,857$2,321$1,874$1,506$1,303
20 years$3,283$2,655$2,130$1,698$1,345$1,153
21 years$3,094$2,473$1,960$1,541$1,204$1,022
22 years$2,922$2,308$1,806$1,401$1,079$907
23 years$2,766$2,159$1,668$1,276$968$807
24 years$2,622$2,023$1,542$1,164$870$718
25 years$2,490$1,898$1,428$1,063$783$640
26 years$2,369$1,784$1,325$972$706$570
27 years$2,257$1,679$1,230$889$636$509
28 years$2,153$1,582$1,144$815$574$455
29 years$2,056$1,493$1,064$747$518$406
30 years$1,966$1,410$991$686$468$363
31 years$1,882$1,333$924$630$423$325
32 years$1,804$1,261$862$579$383$291
33 years$1,730$1,194$805$532$347$261
34 years$1,661$1,132$752$490$314$233
35 years$1,596$1,073$703$451$284$209
36 years$1,534$1,019$658$415$258$187
37 years$1,476$968$616$383$233$168
38 years$1,422$920$577$353$212$151
39 years$1,370$874$540$325$192$135
40 years$1,321$832$506$300$174$121
41 years$1,274$792$475$277$158$109
42 years$1,230$754$445$255$143$98
43 years$1,188$719$418$236$130$88
44 years$1,148$685$392$218$118$79
45 years$1,110$653$368$201$107$71
46 years$1,073$623$346$186$97$63
47 years$1,038$595$325$172$88$57
48 years$1,005$568$305$159$80$51
49 years$974$542$287$146$73$46
50 years$943$518$270$135$66$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $966,000, adding $2,112 every year, while hoping to spend $32,995 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: 52/39/9 Blend
63$966,000$966,000$966,000$966,000
64$1,066,711$1,015,513$1,000,540$1,119,626
65$1,140,409$1,030,166$998,951$1,170,507
66$1,220,518$1,044,432$996,204$1,222,077
67$1,307,658$1,058,256$992,224$1,277,383
68$1,402,509$1,071,581$986,934$1,336,784
69$1,505,822$1,084,345$980,253$1,400,678
70$1,618,421$1,096,483$972,096$1,469,503
71$1,741,213$1,107,924$962,375$1,543,741
72$1,875,198$1,118,594$950,996$1,623,927
73$2,021,476$1,128,413$937,861$1,710,649
74$2,181,257$1,137,295$922,870$1,804,555
75$2,355,873$1,145,151$905,914$1,906,364
76$2,546,793$1,151,884$886,883$2,016,866
77$2,755,630$1,157,391$865,658$2,136,934
78$2,984,165$1,161,563$842,118$2,267,532
79$3,234,355$1,164,285$816,135$2,409,722
80$3,508,358$1,165,434$787,573$2,564,678
81$3,808,548$1,164,877$756,294$2,733,694
82$4,137,541$1,162,477$722,151$2,918,199
83$4,498,217$1,158,086$684,991$3,119,769
84$4,893,750$1,151,547$644,653$3,340,143
85$5,327,634$1,142,694$600,970$3,581,241
86$5,803,718$1,131,351$553,768$3,845,180
87$6,326,241$1,117,332$502,863$4,134,295
88$6,899,874$1,100,437$448,065$4,451,165
89$7,529,760$1,080,458$389,174$4,798,634
90$8,221,567$1,057,172$325,983$5,179,837
91$8,981,537$1,030,343$258,274$5,598,238
92$9,816,548$999,724$185,820$6,057,652
93$10,734,174$965,049$108,383$6,562,292
94$11,742,763$926,039$25,717$7,116,804
95$12,851,510$882,400$0$7,726,311
96$14,070,545$833,819$0$8,402,470
97$15,411,029$779,965$0$9,148,537
98$16,885,259$720,488$0$9,968,944
99$18,506,784$655,020$0$10,871,304
100$20,290,529$583,169$0$11,864,010