Can I retire at age 64 with 991,000?

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 $991,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$81,836$81,107$80,396$79,702$79,024$77,492
2 years$40,513$39,758$39,027$38,318$37,630$36,093
3 years$26,740$25,982$25,253$24,551$23,874$22,380
4 years$19,855$19,100$18,378$17,687$17,027$15,587
5 years$15,725$14,975$14,262$13,586$12,944$11,562
6 years$12,973$12,228$11,526$10,865$10,242$8,920
7 years$11,008$10,269$9,578$8,932$8,330$7,067
8 years$9,535$8,802$8,123$7,493$6,910$5,708
9 years$8,389$7,664$6,996$6,382$5,819$4,676
10 years$7,474$6,755$6,099$5,502$4,958$3,873
11 years$6,725$6,014$5,370$4,788$4,264$3,236
12 years$6,102$5,398$4,766$4,200$3,695$2,722
13 years$5,575$4,878$4,258$3,708$3,222$2,302
14 years$5,123$4,434$3,826$3,291$2,825$1,957
15 years$4,732$4,051$3,454$2,935$2,487$1,669
16 years$4,391$3,716$3,132$2,628$2,198$1,428
17 years$4,089$3,423$2,850$2,362$1,949$1,226
18 years$3,822$3,163$2,601$2,128$1,733$1,054
19 years$3,583$2,931$2,381$1,923$1,545$908
20 years$3,368$2,724$2,186$1,742$1,380$784
21 years$3,174$2,537$2,010$1,581$1,235$677
22 years$2,998$2,368$1,853$1,437$1,107$586
23 years$2,837$2,215$1,711$1,309$993$508
24 years$2,690$2,075$1,582$1,194$893$440
25 years$2,555$1,948$1,465$1,090$804$382
26 years$2,430$1,830$1,359$997$724$331
27 years$2,315$1,723$1,262$912$653$288
28 years$2,209$1,623$1,173$836$589$250
29 years$2,110$1,531$1,092$767$532$217
30 years$2,017$1,446$1,017$704$480$189
31 years$1,931$1,367$948$646$434$165
32 years$1,850$1,294$885$594$393$143
33 years$1,775$1,225$826$546$356$125
34 years$1,704$1,161$772$502$322$109
35 years$1,637$1,101$721$463$292$95
36 years$1,574$1,045$675$426$264$82
37 years$1,515$993$632$392$239$72
38 years$1,458$943$592$362$217$62
39 years$1,405$897$554$334$197$54
40 years$1,355$854$519$308$179$47
41 years$1,307$812$487$284$162$41
42 years$1,262$774$457$262$147$36
43 years$1,219$737$429$242$133$31
44 years$1,177$703$402$223$121$27
45 years$1,138$670$378$206$110$24
46 years$1,101$639$355$190$100$21
47 years$1,065$610$333$176$91$18
48 years$1,031$582$313$163$82$16
49 years$999$556$295$150$75$14
50 years$968$531$277$139$68$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $991,000, adding $3,046 every year, while hoping to spend $50,990 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: 66/25/9 Blend
63$991,000$991,000$991,000$991,000
64$1,095,224$1,042,701$1,027,340$1,165,325
65$1,152,684$1,039,540$1,007,503$1,209,183
66$1,214,296$1,034,516$985,293$1,250,752
67$1,280,429$1,027,482$960,575$1,294,854
68$1,351,490$1,018,286$933,212$1,341,731
69$1,427,923$1,006,763$903,056$1,391,651
70$1,510,218$992,741$869,955$1,444,909
71$1,598,911$976,037$833,749$1,501,834
72$1,694,593$956,455$794,272$1,562,787
73$1,797,910$933,791$751,349$1,628,172
74$1,909,576$907,825$704,799$1,698,430
75$2,030,372$878,328$654,429$1,774,053
76$2,161,160$845,056$600,042$1,855,586
77$2,302,884$807,749$541,429$1,943,627
78$2,456,584$766,135$478,373$2,038,843
79$2,623,404$719,924$410,647$2,141,967
80$2,804,601$668,811$338,014$2,253,813
81$3,001,560$612,471$260,226$2,375,279
82$3,215,801$550,565$177,026$2,507,359
83$3,448,999$482,729$88,143$2,651,151
84$3,702,997$408,583$0$2,807,868
85$3,979,822$327,722$0$2,979,497
86$4,281,706$239,722$0$3,175,952
87$4,611,103$144,132$0$3,390,427
88$4,970,718$40,477$0$3,624,763
89$5,363,527$0$0$3,880,994
90$5,792,804$0$0$4,181,100
91$6,262,157$0$0$4,521,458
92$6,775,556$0$0$4,893,819
93$7,337,373$0$0$5,301,364
94$7,952,424$0$0$5,747,592
95$8,626,008$0$0$6,236,358
96$9,363,965$0$0$6,771,907
97$10,172,724$0$0$7,358,915
98$11,059,366$0$0$8,002,530
99$12,031,690$0$0$8,708,424
100$13,098,285$0$0$9,482,842