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%13.3%
1 years$74,404$73,741$73,094$72,463$71,847$70,861
2 years$36,834$36,148$35,483$34,838$34,213$33,221
3 years$24,312$23,623$22,960$22,321$21,706$20,740
4 years$18,052$17,365$16,709$16,081$15,481$14,547
5 years$14,297$13,615$12,967$12,352$11,768$10,870
6 years$11,795$11,117$10,479$9,878$9,312$8,450
7 years$10,008$9,336$8,708$8,121$7,573$6,748
8 years$8,669$8,003$7,385$6,813$6,283$5,494
9 years$7,628$6,968$6,361$5,803$5,291$4,538
10 years$6,795$6,142$5,546$5,002$4,508$3,791
11 years$6,114$5,468$4,882$4,353$3,877$3,195
12 years$5,548$4,908$4,333$3,818$3,360$2,712
13 years$5,068$4,435$3,871$3,371$2,930$2,316
14 years$4,658$4,031$3,478$2,993$2,568$1,987
15 years$4,302$3,683$3,140$2,669$2,261$1,711
16 years$3,992$3,379$2,847$2,390$1,999$1,479
17 years$3,718$3,112$2,591$2,147$1,772$1,282
18 years$3,475$2,875$2,365$1,935$1,576$1,113
19 years$3,258$2,665$2,165$1,748$1,404$969
20 years$3,062$2,476$1,987$1,583$1,254$845
21 years$2,886$2,307$1,828$1,437$1,123$738
22 years$2,726$2,153$1,685$1,307$1,006$646
23 years$2,579$2,014$1,555$1,190$903$565
24 years$2,446$1,887$1,438$1,085$812$495
25 years$2,323$1,771$1,332$991$731$435
26 years$2,210$1,664$1,236$906$658$382
27 years$2,105$1,566$1,147$830$593$335
28 years$2,008$1,476$1,067$760$535$295
29 years$1,918$1,392$993$697$483$259
30 years$1,834$1,315$925$640$437$228
31 years$1,756$1,243$862$587$395$201
32 years$1,682$1,176$804$540$357$177
33 years$1,614$1,114$751$496$323$156
34 years$1,549$1,056$702$457$293$137
35 years$1,488$1,001$656$421$265$121
36 years$1,431$950$614$387$240$106
37 years$1,377$903$574$357$218$94
38 years$1,326$858$538$329$197$83
39 years$1,278$816$504$303$179$73
40 years$1,232$776$472$280$162$64
41 years$1,188$739$443$258$147$57
42 years$1,147$704$415$238$134$50
43 years$1,108$670$390$220$121$44
44 years$1,071$639$366$203$110$39
45 years$1,035$609$344$187$100$34
46 years$1,001$581$323$173$91$30
47 years$969$555$303$160$82$27
48 years$938$530$285$148$75$24
49 years$908$506$268$137$68$21
50 years$880$483$252$126$62$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $901,000, adding $3,391 every year, while hoping to spend $21,197 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: 84/5/11 Blend
63$901,000$901,000$901,000$901,000
64$996,400$948,647$934,681$1,078,042
65$1,075,479$972,577$943,440$1,155,887
66$1,161,914$996,969$951,781$1,238,191
67$1,256,433$1,021,824$959,669$1,327,953
68$1,359,836$1,047,141$967,065$1,425,909
69$1,473,007$1,072,919$973,930$1,532,873
70$1,596,917$1,099,155$980,220$1,649,740
71$1,732,637$1,125,848$985,891$1,777,493
72$1,881,344$1,152,992$990,896$1,917,220
73$2,044,336$1,180,584$995,187$2,070,115
74$2,223,044$1,208,618$998,711$2,237,495
75$2,419,040$1,237,086$1,001,413$2,420,811
76$2,634,059$1,265,980$1,003,238$2,621,662
77$2,870,011$1,295,291$1,004,124$2,841,808
78$3,128,999$1,325,007$1,004,009$3,083,188
79$3,413,340$1,355,116$1,002,827$3,347,940
80$3,725,588$1,385,604$1,000,509$3,638,417
81$4,068,554$1,416,454$996,981$3,957,215
82$4,445,335$1,447,649$992,169$4,307,190
83$4,859,345$1,479,169$985,992$4,691,492
84$5,314,341$1,510,992$978,366$5,113,589
85$5,814,467$1,543,094$969,205$5,577,306
86$6,364,285$1,575,447$958,415$6,086,852
87$6,968,821$1,608,024$945,901$6,646,871
88$7,633,615$1,640,791$931,563$7,262,475
89$8,364,767$1,673,713$915,294$7,939,298
90$9,169,002$1,706,754$896,985$8,683,551
91$10,053,726$1,739,871$876,520$9,502,075
92$11,027,101$1,773,019$853,778$10,402,407
93$12,098,119$1,806,150$828,633$11,392,857
94$13,276,687$1,839,212$800,952$12,482,577
95$14,573,723$1,872,147$770,598$13,681,654
96$16,001,255$1,904,895$737,426$15,001,204
97$17,572,538$1,937,390$701,284$16,453,475
98$19,302,175$1,969,559$662,015$18,051,964
99$21,206,258$2,001,329$619,453$19,811,545
100$23,302,517$2,032,615$573,427$21,748,606