Can I retire at age 64 with 969,000?

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 $969,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$80,019$79,306$78,611$77,932$77,269$76,815
2 years$39,613$38,876$38,161$37,467$36,795$36,336
3 years$26,147$25,406$24,692$24,006$23,344$22,896
4 years$19,415$18,676$17,970$17,295$16,649$16,214
5 years$15,376$14,642$13,945$13,284$12,657$12,236
6 years$12,685$11,956$11,270$10,623$10,015$9,610
7 years$10,764$10,041$9,365$8,734$8,145$7,756
8 years$9,323$8,607$7,943$7,327$6,757$6,383
9 years$8,203$7,494$6,841$6,241$5,690$5,332
10 years$7,308$6,606$5,964$5,380$4,848$4,506
11 years$6,576$5,880$5,251$4,682$4,170$3,842
12 years$5,966$5,278$4,660$4,107$3,613$3,301
13 years$5,451$4,770$4,163$3,626$3,151$2,853
14 years$5,009$4,336$3,741$3,218$2,762$2,479
15 years$4,627$3,961$3,377$2,870$2,432$2,162
16 years$4,293$3,634$3,062$2,570$2,149$1,893
17 years$3,999$3,347$2,786$2,309$1,906$1,663
18 years$3,737$3,092$2,544$2,081$1,695$1,464
19 years$3,503$2,866$2,329$1,880$1,510$1,292
20 years$3,293$2,663$2,137$1,703$1,349$1,143
21 years$3,104$2,481$1,966$1,546$1,207$1,012
22 years$2,931$2,316$1,812$1,405$1,082$898
23 years$2,774$2,166$1,673$1,280$971$798
24 years$2,630$2,029$1,547$1,167$873$709
25 years$2,498$1,904$1,433$1,066$786$632
26 years$2,377$1,790$1,329$975$708$563
27 years$2,264$1,684$1,234$892$638$502
28 years$2,160$1,587$1,147$817$576$448
29 years$2,063$1,497$1,068$750$520$400
30 years$1,972$1,414$994$688$470$357
31 years$1,888$1,337$927$632$425$320
32 years$1,809$1,265$865$581$384$286
33 years$1,735$1,198$808$534$348$256
34 years$1,666$1,135$755$491$315$229
35 years$1,601$1,077$705$452$285$205
36 years$1,539$1,022$660$417$258$183
37 years$1,481$971$618$384$234$164
38 years$1,426$922$578$354$212$147
39 years$1,374$877$542$326$192$132
40 years$1,325$835$508$301$175$118
41 years$1,278$794$476$278$158$106
42 years$1,234$757$447$256$144$95
43 years$1,191$721$419$236$130$85
44 years$1,151$687$394$218$118$76
45 years$1,113$655$370$202$107$69
46 years$1,077$625$347$186$98$61
47 years$1,042$597$326$172$89$55
48 years$1,008$569$306$159$80$49
49 years$977$544$288$147$73$44
50 years$946$519$271$136$66$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $969,000, adding $6,457 every year, while hoping to spend $35,652 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: 27/48/25 Blend
63$969,000$969,000$969,000$969,000
64$1,074,498$1,023,141$1,008,122$1,094,956
65$1,146,164$1,035,342$1,003,961$1,123,998
66$1,223,944$1,046,945$998,465$1,151,634
67$1,308,426$1,057,885$991,553$1,180,566
68$1,400,253$1,068,089$983,137$1,210,928
69$1,500,135$1,077,481$973,129$1,242,868
70$1,608,852$1,085,982$961,432$1,276,554
71$1,727,263$1,093,503$947,948$1,312,172
72$1,856,313$1,099,954$932,574$1,349,931
73$1,997,041$1,105,236$915,199$1,390,062
74$2,150,593$1,109,245$895,711$1,432,824
75$2,318,226$1,111,871$873,991$1,478,506
76$2,501,329$1,112,997$849,913$1,527,429
77$2,701,428$1,112,497$823,349$1,579,951
78$2,920,203$1,110,239$794,160$1,636,470
79$3,159,505$1,106,082$762,206$1,697,429
80$3,421,371$1,099,877$727,337$1,763,320
81$3,708,045$1,091,465$689,396$1,834,692
82$4,021,997$1,080,678$648,223$1,912,152
83$4,365,948$1,067,338$603,645$1,996,377
84$4,742,893$1,051,256$555,486$2,088,117
85$5,156,133$1,032,232$503,559$2,188,205
86$5,609,301$1,010,054$447,671$2,297,565
87$6,106,401$984,498$387,619$2,417,224
88$6,651,841$955,325$323,191$2,548,319
89$7,250,477$922,284$254,166$2,692,112
90$7,907,658$885,109$180,314$2,849,999
91$8,629,278$843,518$101,393$3,023,531
92$9,421,826$797,213$17,152$3,214,423
93$10,292,454$745,878$0$3,424,577
94$11,249,039$689,180$0$3,675,504
95$12,300,257$626,766$0$3,956,273
96$13,455,671$558,265$0$4,264,960
97$14,725,811$483,282$0$4,604,501
98$16,122,282$401,401$0$4,978,136
99$17,657,867$312,182$0$5,389,450
100$19,346,653$215,162$0$5,842,397