Can I retire at age 64 with 906,000?

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 $906,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$74,817$74,150$73,500$72,865$72,246$71,137
2 years$37,038$36,348$35,680$35,031$34,403$33,288
3 years$24,447$23,754$23,087$22,445$21,826$20,741
4 years$18,152$17,462$16,801$16,170$15,567$14,519
5 years$14,377$13,690$13,039$12,420$11,834$10,826
6 years$11,860$11,179$10,537$9,933$9,364$8,398
7 years$10,064$9,388$8,756$8,166$7,615$6,691
8 years$8,717$8,047$7,426$6,850$6,317$5,435
9 years$7,670$7,007$6,396$5,835$5,320$4,479
10 years$6,833$6,176$5,576$5,030$4,533$3,733
11 years$6,148$5,498$4,909$4,377$3,899$3,138
12 years$5,578$4,935$4,357$3,840$3,378$2,657
13 years$5,096$4,460$3,893$3,390$2,946$2,263
14 years$4,684$4,054$3,497$3,009$2,583$1,936
15 years$4,326$3,703$3,158$2,684$2,274$1,663
16 years$4,014$3,398$2,863$2,403$2,010$1,433
17 years$3,739$3,129$2,605$2,159$1,782$1,238
18 years$3,494$2,891$2,378$1,946$1,584$1,073
19 years$3,276$2,680$2,177$1,758$1,412$931
20 years$3,079$2,490$1,998$1,592$1,261$810
21 years$2,902$2,319$1,838$1,445$1,129$705
22 years$2,741$2,165$1,694$1,314$1,012$615
23 years$2,594$2,025$1,564$1,197$908$537
24 years$2,459$1,897$1,446$1,091$816$469
25 years$2,336$1,780$1,340$997$735$410
26 years$2,222$1,673$1,242$911$662$359
27 years$2,117$1,575$1,154$834$597$314
28 years$2,019$1,484$1,073$764$538$275
29 years$1,929$1,400$998$701$486$241
30 years$1,844$1,322$930$643$439$212
31 years$1,765$1,250$867$591$397$186
32 years$1,692$1,183$809$543$359$163
33 years$1,623$1,120$755$499$325$143
34 years$1,558$1,061$705$459$294$125
35 years$1,496$1,007$660$423$267$110
36 years$1,439$956$617$389$242$97
37 years$1,385$908$578$359$219$85
38 years$1,333$863$541$331$198$75
39 years$1,285$820$507$305$180$66
40 years$1,239$780$475$281$163$58
41 years$1,195$743$445$260$148$51
42 years$1,153$707$418$239$134$45
43 years$1,114$674$392$221$122$39
44 years$1,076$642$368$204$111$34
45 years$1,041$613$345$189$100$30
46 years$1,007$584$324$174$91$27
47 years$974$558$305$161$83$23
48 years$943$532$286$149$75$21
49 years$913$508$269$137$68$18
50 years$885$486$253$127$62$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $906,000, adding $3,117 every year, while hoping to spend $57,867 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: 68/23/9 Blend
63$906,000$906,000$906,000$906,000
64$1,001,627$953,609$939,566$1,067,781
65$1,042,223$938,766$909,472$1,097,241
66$1,085,020$921,256$876,429$1,122,176
67$1,130,182$900,888$840,280$1,147,909
68$1,177,887$877,457$800,856$1,174,510
69$1,228,330$850,751$757,982$1,202,056
70$1,281,722$820,540$711,477$1,230,634
71$1,338,295$786,583$661,148$1,260,343
72$1,398,302$748,627$606,798$1,291,293
73$1,462,020$706,402$548,218$1,323,606
74$1,529,752$659,621$485,189$1,357,420
75$1,601,829$607,985$417,485$1,392,890
76$1,678,613$551,174$344,868$1,430,189
77$1,760,501$488,850$267,090$1,469,510
78$1,847,928$420,660$183,893$1,511,068
79$1,941,369$346,225$95,007$1,555,105
80$2,041,348$265,149$148$1,601,891
81$2,148,436$177,012$0$1,651,726
82$2,263,262$81,370$0$1,714,653
83$2,386,513$0$0$1,781,983
84$2,518,948$0$0$1,859,780
85$2,661,394$0$0$1,965,647
86$2,814,763$0$0$2,079,672
87$2,980,056$0$0$2,202,604
88$3,158,372$0$0$2,335,265
89$3,350,919$0$0$2,478,559
90$3,559,022$0$0$2,633,480
91$3,784,140$0$0$2,801,120
92$4,027,877$0$0$2,982,678
93$4,291,994$0$0$3,179,473
94$4,578,430$0$0$3,392,958
95$4,889,314$0$0$3,624,727
96$5,226,991$0$0$3,876,536
97$5,594,038$0$0$4,150,315
98$5,993,291$0$0$4,448,189
99$6,427,872$0$0$4,772,493
100$6,901,212$0$0$5,125,800