Can I retire at age 65 with 964,000?

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 $964,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$79,606$78,897$78,205$77,530$76,871$75,257
2 years$39,409$38,675$37,964$37,274$36,605$34,987
3 years$26,012$25,275$24,565$23,882$23,224$21,652
4 years$19,314$18,579$17,877$17,206$16,563$15,049
5 years$15,297$14,567$13,873$13,215$12,591$11,140
6 years$12,620$11,895$11,212$10,569$9,963$8,575
7 years$10,708$9,989$9,317$8,689$8,103$6,779
8 years$9,275$8,563$7,902$7,289$6,722$5,462
9 years$8,161$7,455$6,806$6,209$5,661$4,464
10 years$7,270$6,571$5,933$5,352$4,823$3,689
11 years$6,542$5,850$5,224$4,658$4,148$3,074
12 years$5,935$5,251$4,636$4,085$3,595$2,579
13 years$5,423$4,745$4,142$3,607$3,135$2,176
14 years$4,984$4,313$3,721$3,202$2,748$1,844
15 years$4,603$3,940$3,360$2,855$2,419$1,569
16 years$4,271$3,615$3,046$2,557$2,138$1,339
17 years$3,978$3,329$2,772$2,297$1,896$1,145
18 years$3,718$3,076$2,530$2,070$1,686$982
19 years$3,485$2,851$2,317$1,871$1,503$844
20 years$3,276$2,650$2,126$1,694$1,342$726
21 years$3,088$2,468$1,955$1,538$1,201$625
22 years$2,916$2,304$1,802$1,398$1,077$540
23 years$2,760$2,155$1,664$1,273$966$466
24 years$2,617$2,019$1,539$1,161$869$403
25 years$2,485$1,894$1,425$1,061$782$348
26 years$2,364$1,781$1,322$970$704$301
27 years$2,252$1,676$1,228$888$635$261
28 years$2,149$1,579$1,141$813$573$226
29 years$2,052$1,490$1,062$746$517$196
30 years$1,962$1,407$989$684$467$170
31 years$1,878$1,330$922$629$422$147
32 years$1,800$1,258$860$578$382$128
33 years$1,726$1,192$803$531$346$111
34 years$1,657$1,129$751$489$313$96
35 years$1,592$1,071$702$450$284$83
36 years$1,531$1,017$657$414$257$72
37 years$1,473$966$614$382$233$63
38 years$1,419$918$575$352$211$55
39 years$1,367$873$539$324$191$47
40 years$1,318$830$505$299$174$41
41 years$1,271$790$474$276$158$36
42 years$1,227$753$444$255$143$31
43 years$1,185$717$417$235$130$27
44 years$1,145$684$392$217$118$23
45 years$1,107$652$368$201$107$20
46 years$1,071$622$345$185$97$18
47 years$1,036$593$324$171$88$15
48 years$1,003$567$305$158$80$13
49 years$972$541$287$146$73$12
50 years$941$517$269$135$66$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $964,000, adding $4,590 every year, while hoping to spend $31,675 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: 29/48/23 Blend
64$964,000$964,000$964,000$964,000
65$1,067,063$1,015,971$1,001,029$1,090,235
66$1,142,201$1,032,051$1,000,861$1,124,642
67$1,223,942$1,047,858$999,626$1,158,495
68$1,312,925$1,063,345$997,255$1,194,233
69$1,409,856$1,078,460$993,675$1,232,039
70$1,515,508$1,093,152$988,810$1,272,115
71$1,630,734$1,107,361$982,580$1,314,686
72$1,756,474$1,121,027$974,902$1,360,001
73$1,893,761$1,134,083$965,687$1,408,337
74$2,043,732$1,146,461$954,845$1,460,000
75$2,207,640$1,158,084$942,279$1,515,330
76$2,386,863$1,168,874$927,889$1,574,703
77$2,582,918$1,178,745$911,569$1,638,538
78$2,797,479$1,187,606$893,209$1,707,295
79$3,032,384$1,195,361$872,694$1,781,488
80$3,289,660$1,201,907$849,903$1,861,684
81$3,571,541$1,207,135$824,710$1,948,510
82$3,880,482$1,210,929$796,982$2,042,664
83$4,219,192$1,213,165$766,581$2,144,914
84$4,590,651$1,213,712$733,363$2,256,114
85$4,998,144$1,212,431$697,178$2,377,207
86$5,445,288$1,209,173$657,866$2,509,236
87$5,936,066$1,203,781$615,263$2,653,357
88$6,474,867$1,196,089$569,197$2,810,848
89$7,066,526$1,185,919$519,488$2,983,121
90$7,716,368$1,173,085$465,946$3,171,740
91$8,430,258$1,157,388$408,377$3,378,433
92$9,214,660$1,138,616$346,573$3,605,109
93$10,076,694$1,116,546$280,322$3,853,881
94$11,024,202$1,090,942$209,398$4,127,084
95$12,065,827$1,061,554$133,569$4,427,298
96$13,211,087$1,028,116$52,589$4,757,373
97$14,470,472$990,348$0$5,120,460
98$15,855,538$947,953$0$5,528,342
99$17,379,016$900,616$0$5,990,874
100$19,054,935$848,006$0$6,499,451