Can I retire at age 64 with 996,000?

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 $996,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$82,249$81,516$80,801$80,104$79,422$77,346
2 years$40,717$39,959$39,224$38,511$37,820$35,742
3 years$26,875$26,114$25,380$24,675$23,995$21,980
4 years$19,956$19,196$18,470$17,777$17,113$15,178
5 years$15,805$15,050$14,334$13,654$13,009$11,158
6 years$13,039$12,290$11,584$10,919$10,294$8,529
7 years$11,063$10,321$9,626$8,977$8,372$6,693
8 years$9,583$8,847$8,164$7,531$6,945$5,352
9 years$8,432$7,703$7,032$6,415$5,849$4,340
10 years$7,511$6,790$6,130$5,530$4,983$3,557
11 years$6,759$6,044$5,397$4,812$4,286$2,940
12 years$6,132$5,425$4,790$4,221$3,714$2,446
13 years$5,603$4,903$4,279$3,727$3,239$2,046
14 years$5,149$4,456$3,845$3,308$2,839$1,718
15 years$4,756$4,071$3,471$2,950$2,500$1,449
16 years$4,413$3,735$3,147$2,642$2,209$1,225
17 years$4,110$3,440$2,864$2,373$1,959$1,038
18 years$3,841$3,179$2,614$2,139$1,742$882
19 years$3,601$2,946$2,393$1,933$1,552$750
20 years$3,385$2,737$2,197$1,750$1,387$639
21 years$3,190$2,550$2,020$1,589$1,241$545
22 years$3,013$2,380$1,862$1,444$1,112$466
23 years$2,851$2,226$1,719$1,315$998$398
24 years$2,704$2,086$1,590$1,200$897$340
25 years$2,568$1,957$1,473$1,096$808$291
26 years$2,443$1,840$1,366$1,002$727$249
27 years$2,327$1,731$1,268$917$656$214
28 years$2,220$1,631$1,179$840$592$183
29 years$2,120$1,539$1,097$770$534$157
30 years$2,027$1,453$1,022$707$483$135
31 years$1,941$1,374$953$649$437$116
32 years$1,860$1,300$889$597$395$99
33 years$1,784$1,231$830$549$357$85
34 years$1,712$1,167$776$505$324$73
35 years$1,645$1,107$725$465$293$63
36 years$1,582$1,050$678$428$266$54
37 years$1,522$998$635$394$241$46
38 years$1,466$948$595$364$218$40
39 years$1,412$902$557$335$198$34
40 years$1,362$858$522$309$179$29
41 years$1,314$817$490$285$163$25
42 years$1,268$778$459$263$148$22
43 years$1,225$741$431$243$134$19
44 years$1,183$706$404$224$122$16
45 years$1,144$674$380$207$110$14
46 years$1,107$643$357$191$100$12
47 years$1,071$613$335$177$91$10
48 years$1,036$585$315$163$83$9
49 years$1,004$559$296$151$75$7
50 years$972$534$278$140$68$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $996,000, adding $4,063 every year, while hoping to spend $35,302 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: 26/48/26 Blend
63$996,000$996,000$996,000$996,000
64$1,101,783$1,048,995$1,033,557$1,121,354
65$1,176,604$1,062,835$1,030,620$1,151,424
66$1,257,873$1,076,169$1,026,402$1,180,359
67$1,346,212$1,088,937$1,020,821$1,210,671
68$1,442,302$1,101,071$1,013,795$1,242,499
69$1,546,894$1,112,502$1,005,235$1,275,998
70$1,660,816$1,123,153$995,049$1,311,343
71$1,784,976$1,132,944$983,140$1,348,729
72$1,920,375$1,141,790$969,407$1,388,371
73$2,068,115$1,149,599$953,744$1,430,511
74$2,229,408$1,156,275$936,039$1,475,418
75$2,405,589$1,161,713$916,178$1,523,391
76$2,598,126$1,165,805$894,038$1,574,762
77$2,808,639$1,168,433$869,491$1,629,903
78$3,038,907$1,169,473$842,406$1,689,226
79$3,290,892$1,168,794$812,643$1,753,189
80$3,566,752$1,166,254$780,056$1,822,301
81$3,868,867$1,161,706$744,494$1,897,127
82$4,199,853$1,154,992$705,796$1,978,297
83$4,562,596$1,145,944$663,798$2,066,507
84$4,960,271$1,134,386$618,326$2,162,531
85$5,396,375$1,120,128$569,196$2,267,228
86$5,874,763$1,102,971$516,222$2,381,551
87$6,399,676$1,082,704$459,203$2,506,557
88$6,975,790$1,059,103$397,933$2,643,415
89$7,608,253$1,031,932$332,196$2,793,424
90$8,302,736$1,000,938$261,766$2,958,023
91$9,065,488$965,856$186,408$3,138,804
92$9,903,390$926,406$105,875$3,337,531
93$10,824,025$882,289$19,911$3,556,159
94$11,835,745$833,190$0$3,796,849
95$12,947,751$778,778$0$4,081,924
96$14,170,183$718,699$0$4,401,294
97$15,514,208$652,582$0$4,752,443
98$16,992,132$580,033$0$5,138,697
99$18,617,511$500,636$0$5,563,732
100$20,405,283$413,953$0$6,031,605