Can I retire at age 64 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$74,321$73,659$73,013$72,383$71,767$69,976
2 years$36,793$36,107$35,443$34,799$34,175$32,381
3 years$24,285$23,597$22,934$22,296$21,682$19,942
4 years$18,032$17,346$16,690$16,063$15,464$13,791
5 years$14,281$13,599$12,952$12,338$11,755$10,155
6 years$11,782$11,105$10,467$9,867$9,302$7,775
7 years$9,997$9,326$8,698$8,112$7,565$6,112
8 years$8,659$7,994$7,377$6,805$6,276$4,896
9 years$7,619$6,960$6,354$5,796$5,285$3,977
10 years$6,787$6,135$5,539$4,997$4,503$3,266
11 years$6,108$5,462$4,877$4,348$3,873$2,704
12 years$5,541$4,902$4,328$3,814$3,356$2,254
13 years$5,063$4,430$3,867$3,367$2,927$1,889
14 years$4,653$4,027$3,474$2,989$2,565$1,590
15 years$4,298$3,679$3,137$2,666$2,259$1,343
16 years$3,987$3,375$2,844$2,387$1,996$1,138
17 years$3,714$3,108$2,588$2,145$1,770$967
18 years$3,471$2,872$2,362$1,933$1,574$823
19 years$3,254$2,662$2,163$1,746$1,403$702
20 years$3,059$2,474$1,985$1,582$1,253$599
21 years$2,883$2,304$1,826$1,436$1,121$512
22 years$2,722$2,151$1,683$1,305$1,005$439
23 years$2,577$2,012$1,554$1,189$902$376
24 years$2,443$1,885$1,437$1,084$811$322
25 years$2,320$1,769$1,331$990$730$276
26 years$2,207$1,662$1,234$905$657$237
27 years$2,103$1,564$1,146$829$593$204
28 years$2,006$1,474$1,065$759$535$175
29 years$1,916$1,391$991$696$483$150
30 years$1,832$1,313$924$639$436$129
31 years$1,754$1,242$861$587$394$111
32 years$1,680$1,175$803$539$357$96
33 years$1,612$1,113$750$496$323$82
34 years$1,547$1,054$701$456$292$71
35 years$1,487$1,000$655$420$265$61
36 years$1,429$949$613$387$240$52
37 years$1,375$902$574$356$217$45
38 years$1,324$857$537$329$197$39
39 years$1,276$815$503$303$179$33
40 years$1,230$775$472$279$162$29
41 years$1,187$738$442$258$147$25
42 years$1,146$703$415$238$133$21
43 years$1,107$670$389$220$121$18
44 years$1,069$638$366$203$110$16
45 years$1,034$609$343$187$100$14
46 years$1,000$581$322$173$91$12
47 years$968$554$303$160$82$10
48 years$937$529$285$148$75$9
49 years$907$505$267$136$68$8
50 years$879$482$251$126$62$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $900,000, adding $2,367 every year, while hoping to spend $56,272 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: 40/37/23 Blend
63$900,000$900,000$900,000$900,000
64$994,242$946,542$932,592$1,027,162
65$1,035,781$933,049$903,960$1,037,582
66$1,079,672$917,010$872,484$1,043,347
67$1,126,094$898,239$838,008$1,048,459
68$1,175,245$876,541$800,370$1,052,890
69$1,227,339$851,711$759,402$1,056,616
70$1,282,611$823,529$714,925$1,059,611
71$1,341,319$791,763$666,757$1,061,858
72$1,403,743$756,169$614,703$1,063,337
73$1,470,192$716,488$558,562$1,064,037
74$1,541,001$672,446$498,124$1,063,950
75$1,616,539$623,752$433,167$1,063,073
76$1,697,211$570,100$363,463$1,061,412
77$1,783,458$511,166$288,770$1,058,978
78$1,875,766$446,609$208,839$1,055,793
79$1,974,666$376,065$123,408$1,051,889
80$2,080,744$299,154$32,204$1,047,310
81$2,194,638$215,471$0$1,042,115
82$2,317,051$124,589$0$1,052,360
83$2,448,755$26,059$0$1,071,626
84$2,590,597$0$0$1,092,190
85$2,743,507$0$0$1,147,082
86$2,908,507$0$0$1,217,853
87$3,086,720$0$0$1,294,386
88$3,279,379$0$0$1,377,224
89$3,487,840$0$0$1,466,961
90$3,713,594$0$0$1,564,253
91$3,958,280$0$0$1,669,821
92$4,223,700$0$0$1,784,456
93$4,511,836$0$0$1,909,029
94$4,824,866$0$0$2,044,500
95$5,165,190$0$0$2,191,922
96$5,535,445$0$0$2,352,456
97$5,938,533$0$0$2,527,379
98$6,377,648$0$0$2,718,096
99$6,856,304$0$0$2,926,152
100$7,378,369$0$0$3,153,251