Can I retire at age 64 with 901,000?

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 $901,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$74,404$73,741$73,094$72,463$71,847$70,281
2 years$36,834$36,148$35,483$34,838$34,213$32,644
3 years$24,312$23,623$22,960$22,321$21,706$20,182
4 years$18,052$17,365$16,709$16,081$15,481$14,014
5 years$14,297$13,615$12,967$12,352$11,768$10,362
6 years$11,795$11,117$10,479$9,878$9,312$7,968
7 years$10,008$9,336$8,708$8,121$7,573$6,292
8 years$8,669$8,003$7,385$6,813$6,283$5,064
9 years$7,628$6,968$6,361$5,803$5,291$4,134
10 years$6,795$6,142$5,546$5,002$4,508$3,411
11 years$6,114$5,468$4,882$4,353$3,877$2,839
12 years$5,548$4,908$4,333$3,818$3,360$2,379
13 years$5,068$4,435$3,871$3,371$2,930$2,004
14 years$4,658$4,031$3,478$2,993$2,568$1,696
15 years$4,302$3,683$3,140$2,669$2,261$1,441
16 years$3,992$3,379$2,847$2,390$1,999$1,228
17 years$3,718$3,112$2,591$2,147$1,772$1,049
18 years$3,475$2,875$2,365$1,935$1,576$898
19 years$3,258$2,665$2,165$1,748$1,404$771
20 years$3,062$2,476$1,987$1,583$1,254$662
21 years$2,886$2,307$1,828$1,437$1,123$570
22 years$2,726$2,153$1,685$1,307$1,006$491
23 years$2,579$2,014$1,555$1,190$903$423
24 years$2,446$1,887$1,438$1,085$812$365
25 years$2,323$1,771$1,332$991$731$315
26 years$2,210$1,664$1,236$906$658$272
27 years$2,105$1,566$1,147$830$593$235
28 years$2,008$1,476$1,067$760$535$203
29 years$1,918$1,392$993$697$483$176
30 years$1,834$1,315$925$640$437$152
31 years$1,756$1,243$862$587$395$132
32 years$1,682$1,176$804$540$357$114
33 years$1,614$1,114$751$496$323$99
34 years$1,549$1,056$702$457$293$86
35 years$1,488$1,001$656$421$265$74
36 years$1,431$950$614$387$240$64
37 years$1,377$903$574$357$218$56
38 years$1,326$858$538$329$197$48
39 years$1,278$816$504$303$179$42
40 years$1,232$776$472$280$162$36
41 years$1,188$739$443$258$147$31
42 years$1,147$704$415$238$134$27
43 years$1,108$670$390$220$121$24
44 years$1,071$639$366$203$110$21
45 years$1,035$609$344$187$100$18
46 years$1,001$581$323$173$91$15
47 years$969$555$303$160$82$13
48 years$938$530$285$148$75$12
49 years$908$506$268$137$68$10
50 years$880$483$252$126$62$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $901,000, adding $4,395 every year, while hoping to spend $36,474 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: 69/26/5 Blend
63$901,000$901,000$901,000$901,000
64$997,435$949,682$935,717$1,065,415
65$1,060,366$957,409$928,255$1,118,663
66$1,128,493$964,291$919,321$1,171,984
67$1,202,307$970,250$908,827$1,229,301
68$1,282,351$975,200$896,681$1,290,997
69$1,369,217$979,051$882,786$1,357,495
70$1,463,559$981,707$867,041$1,429,259
71$1,566,097$983,066$849,342$1,506,803
72$1,677,621$983,018$829,577$1,590,695
73$1,799,002$981,449$807,632$1,681,557
74$1,931,197$978,237$783,384$1,780,079
75$2,075,259$973,251$756,708$1,887,020
76$2,232,349$966,354$727,472$2,003,218
77$2,403,743$957,400$695,536$2,129,596
78$2,590,846$946,233$660,757$2,267,173
79$2,795,203$932,690$622,984$2,417,071
80$3,018,518$916,596$582,058$2,580,531
81$3,262,664$897,766$537,814$2,758,918
82$3,529,706$876,006$490,080$2,953,740
83$3,821,914$851,109$438,676$3,166,658
84$4,141,791$822,855$383,414$3,399,506
85$4,492,092$791,014$324,097$3,654,305
86$4,875,851$755,339$260,519$3,933,285
87$5,296,408$715,571$192,467$4,238,904
88$5,757,444$671,436$119,717$4,573,874
89$6,263,010$622,643$42,035$4,941,187
90$6,817,571$568,887$0$5,344,139
91$7,426,043$509,842$0$5,788,548
92$8,093,841$445,166$0$6,278,779
93$8,826,930$374,496$0$6,817,024
94$9,631,881$297,451$0$7,408,176
95$10,515,932$213,625$0$8,057,628
96$11,487,057$122,592$0$8,771,326
97$12,554,039$23,901$0$9,555,827
98$13,726,555$0$0$10,418,358
99$15,015,266$0$0$11,390,615
100$16,431,917$0$0$12,466,967