Can I retire at age 64 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$81,753$81,025$80,315$79,621$78,944$76,417
2 years$40,472$39,718$38,988$38,279$37,592$35,070
3 years$26,713$25,956$25,228$24,526$23,850$21,411
4 years$19,835$19,081$18,359$17,670$17,010$14,673
5 years$15,710$14,959$14,248$13,572$12,931$10,702
6 years$12,960$12,215$11,514$10,854$10,232$8,114
7 years$10,997$10,259$9,568$8,923$8,321$6,313
8 years$9,525$8,793$8,115$7,486$6,903$5,004
9 years$8,381$7,656$6,989$6,376$5,813$4,021
10 years$7,466$6,749$6,093$5,496$4,953$3,265
11 years$6,718$6,008$5,364$4,783$4,260$2,672
12 years$6,095$5,392$4,761$4,196$3,692$2,201
13 years$5,569$4,873$4,253$3,704$3,219$1,823
14 years$5,118$4,430$3,822$3,288$2,822$1,515
15 years$4,727$4,046$3,451$2,932$2,485$1,264
16 years$4,386$3,713$3,128$2,626$2,196$1,057
17 years$4,085$3,419$2,847$2,359$1,947$886
18 years$3,818$3,159$2,599$2,126$1,731$744
19 years$3,579$2,928$2,379$1,921$1,543$626
20 years$3,365$2,721$2,183$1,740$1,378$527
21 years$3,171$2,534$2,008$1,579$1,233$445
22 years$2,995$2,366$1,851$1,436$1,106$375
23 years$2,834$2,213$1,709$1,308$992$317
24 years$2,687$2,073$1,581$1,193$892$268
25 years$2,552$1,946$1,464$1,089$803$227
26 years$2,428$1,829$1,358$996$723$192
27 years$2,313$1,721$1,261$912$652$162
28 years$2,206$1,622$1,172$835$588$137
29 years$2,107$1,530$1,091$766$531$116
30 years$2,015$1,445$1,016$703$480$99
31 years$1,929$1,366$947$646$434$84
32 years$1,848$1,292$884$593$392$71
33 years$1,773$1,224$825$546$355$60
34 years$1,702$1,160$771$502$322$51
35 years$1,635$1,100$721$462$291$43
36 years$1,572$1,044$674$426$264$37
37 years$1,513$992$631$392$239$31
38 years$1,457$942$591$361$217$26
39 years$1,404$896$554$333$197$22
40 years$1,353$853$519$307$178$19
41 years$1,306$812$487$284$162$16
42 years$1,260$773$456$262$147$14
43 years$1,217$737$428$242$133$12
44 years$1,176$702$402$223$121$10
45 years$1,137$669$378$206$110$8
46 years$1,100$639$355$190$100$7
47 years$1,064$609$333$176$91$6
48 years$1,030$582$313$162$82$5
49 years$998$556$294$150$75$4
50 years$967$531$277$139$68$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $990,000, adding $3,320 every year, while hoping to spend $41,652 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: 34/46/20 Blend
63$990,000$990,000$990,000$990,000
64$1,094,405$1,041,935$1,026,590$1,124,804
65$1,161,716$1,048,672$1,016,663$1,154,275
66$1,234,498$1,054,343$1,005,008$1,181,962
67$1,313,264$1,058,853$991,522$1,210,954
68$1,398,578$1,062,098$976,099$1,241,393
69$1,491,062$1,063,970$958,628$1,273,434
70$1,591,399$1,064,353$938,991$1,307,256
71$1,700,340$1,063,125$917,066$1,343,054
72$1,818,712$1,060,156$892,724$1,381,048
73$1,947,423$1,055,306$865,833$1,421,486
74$2,087,474$1,048,429$836,252$1,464,642
75$2,239,964$1,039,370$803,835$1,510,823
76$2,406,105$1,027,964$768,428$1,560,372
77$2,587,229$1,014,035$729,871$1,613,670
78$2,784,802$997,398$687,997$1,671,142
79$3,000,438$977,857$642,631$1,733,264
80$3,235,913$955,203$593,590$1,800,562
81$3,493,185$929,216$540,684$1,873,623
82$3,774,405$899,663$483,712$1,953,100
83$4,081,945$866,297$422,467$2,039,720
84$4,418,413$828,856$356,730$2,134,290
85$4,786,686$787,064$286,274$2,237,705
86$5,189,926$740,628$210,863$2,350,963
87$5,631,619$689,240$130,247$2,475,167
88$6,115,602$632,571$44,169$2,611,546
89$6,646,104$570,277$0$2,761,459
90$7,227,778$501,992$0$2,936,595
91$7,865,751$427,329$0$3,139,171
92$8,565,671$345,882$0$3,361,668
93$9,333,757$257,218$0$3,606,211
94$10,176,862$160,883$0$3,875,145
95$11,102,531$56,396$0$4,171,066
96$12,119,080$0$0$4,496,843
97$13,235,665$0$0$4,884,375
98$14,462,375$0$0$5,341,644
99$15,810,326$0$0$5,844,265
100$17,291,760$0$0$6,396,823