Can I retire at age 64 with 984,000?

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 $984,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$81,258$80,534$79,828$79,139$78,466$77,261
2 years$40,227$39,477$38,751$38,047$37,365$36,154
3 years$26,551$25,799$25,075$24,377$23,706$22,527
4 years$19,715$18,965$18,248$17,562$16,907$15,769
5 years$15,614$14,869$14,161$13,490$12,852$11,758
6 years$12,881$12,141$11,444$10,788$10,170$9,121
7 years$10,930$10,196$9,510$8,869$8,271$7,267
8 years$9,467$8,740$8,065$7,440$6,861$5,903
9 years$8,330$7,610$6,947$6,337$5,778$4,865
10 years$7,421$6,708$6,056$5,463$4,923$4,054
11 years$6,678$5,972$5,332$4,754$4,234$3,408
12 years$6,059$5,360$4,732$4,170$3,669$2,886
13 years$5,535$4,844$4,228$3,682$3,200$2,457
14 years$5,087$4,403$3,799$3,268$2,805$2,102
15 years$4,699$4,022$3,430$2,915$2,470$1,806
16 years$4,359$3,690$3,109$2,610$2,183$1,556
17 years$4,060$3,398$2,829$2,345$1,935$1,345
18 years$3,795$3,140$2,583$2,113$1,721$1,165
19 years$3,558$2,910$2,365$1,909$1,534$1,011
20 years$3,344$2,704$2,170$1,729$1,370$879
21 years$3,152$2,519$1,996$1,569$1,226$766
22 years$2,977$2,351$1,840$1,427$1,099$668
23 years$2,817$2,199$1,699$1,300$986$583
24 years$2,671$2,061$1,571$1,185$887$509
25 years$2,537$1,934$1,455$1,083$798$445
26 years$2,413$1,817$1,349$990$719$390
27 years$2,299$1,710$1,253$906$648$341
28 years$2,193$1,612$1,165$830$585$299
29 years$2,095$1,520$1,084$761$528$262
30 years$2,003$1,436$1,010$699$477$230
31 years$1,917$1,357$941$642$431$202
32 years$1,837$1,284$878$590$390$177
33 years$1,762$1,216$820$542$353$155
34 years$1,692$1,153$766$499$320$136
35 years$1,625$1,093$716$459$290$120
36 years$1,563$1,038$670$423$262$105
37 years$1,504$986$627$390$238$92
38 years$1,448$937$587$359$216$81
39 years$1,395$891$550$331$195$71
40 years$1,345$847$516$305$177$63
41 years$1,298$807$484$282$161$55
42 years$1,253$768$454$260$146$48
43 years$1,210$732$426$240$132$43
44 years$1,169$698$400$222$120$37
45 years$1,130$665$375$205$109$33
46 years$1,093$635$352$189$99$29
47 years$1,058$606$331$175$90$25
48 years$1,024$578$311$161$82$22
49 years$992$552$292$149$74$20
50 years$961$528$275$138$67$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $984,000, adding $3,433 every year, while hoping to spend $25,097 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: 34/48/18 Blend
63$984,000$984,000$984,000$984,000
64$1,087,909$1,035,757$1,020,505$1,118,759
65$1,172,173$1,059,806$1,027,989$1,165,775
66$1,264,190$1,084,193$1,034,883$1,213,868
67$1,364,726$1,108,906$1,041,139$1,265,200
68$1,474,621$1,133,936$1,046,711$1,320,072
69$1,594,803$1,159,269$1,051,546$1,378,816
70$1,726,290$1,184,891$1,055,590$1,441,797
71$1,870,208$1,210,786$1,058,788$1,509,417
72$2,027,791$1,236,937$1,061,080$1,582,119
73$2,200,403$1,263,324$1,062,403$1,660,393
74$2,389,544$1,289,926$1,062,693$1,744,778
75$2,596,864$1,316,720$1,061,881$1,835,868
76$2,824,185$1,343,680$1,059,894$1,934,320
77$3,073,509$1,370,777$1,056,658$2,040,854
78$3,347,044$1,397,982$1,052,092$2,156,270
79$3,647,220$1,425,261$1,046,115$2,281,444
80$3,976,716$1,452,578$1,038,640$2,417,347
81$4,338,481$1,479,895$1,029,574$2,565,047
82$4,735,764$1,507,168$1,018,824$2,725,723
83$5,172,146$1,534,353$1,006,287$2,900,674
84$5,651,568$1,561,399$991,861$3,091,333
85$6,178,375$1,588,255$975,436$3,299,281
86$6,757,352$1,614,862$956,896$3,526,261
87$7,393,772$1,641,160$936,122$3,774,195
88$8,093,442$1,667,083$912,987$4,045,204
89$8,862,762$1,692,559$887,361$4,341,623
90$9,708,782$1,717,512$859,106$4,666,032
91$10,639,270$1,741,862$828,078$5,021,273
92$11,662,783$1,765,521$794,127$5,410,481
93$12,788,752$1,788,397$757,094$5,837,112
94$14,027,564$1,810,388$716,817$6,304,980
95$15,390,668$1,831,390$673,123$6,818,287
96$16,890,676$1,851,287$625,832$7,381,668
97$18,541,485$1,869,960$574,757$8,000,235
98$20,358,407$1,887,278$519,702$8,679,623
99$22,358,314$1,903,105$460,462$9,426,047
100$24,559,797$1,917,292$396,822$10,246,359