Can I retire at age 64 with 907,000?

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 $907,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$74,899$74,232$73,581$72,946$72,325$71,630
2 years$37,079$36,388$35,719$35,070$34,441$33,740
3 years$24,474$23,780$23,113$22,470$21,851$21,166
4 years$18,172$17,481$16,820$16,188$15,584$14,922
5 years$14,393$13,705$13,053$12,434$11,847$11,208
6 years$11,873$11,191$10,549$9,944$9,374$8,760
7 years$10,075$9,398$8,766$8,175$7,624$7,034
8 years$8,726$8,056$7,434$6,858$6,324$5,760
9 years$7,678$7,014$6,403$5,841$5,326$4,787
10 years$6,840$6,183$5,582$5,035$4,538$4,023
11 years$6,155$5,504$4,915$4,382$3,903$3,412
12 years$5,584$4,940$4,362$3,844$3,382$2,914
13 years$5,102$4,465$3,897$3,394$2,949$2,504
14 years$4,689$4,058$3,501$3,012$2,585$2,163
15 years$4,331$3,707$3,161$2,687$2,276$1,876
16 years$4,018$3,401$2,866$2,406$2,012$1,632
17 years$3,743$3,132$2,608$2,161$1,784$1,424
18 years$3,498$2,895$2,381$1,948$1,586$1,246
19 years$3,279$2,683$2,180$1,760$1,414$1,093
20 years$3,083$2,493$2,000$1,594$1,263$960
21 years$2,905$2,322$1,840$1,447$1,130$845
22 years$2,744$2,167$1,696$1,315$1,013$745
23 years$2,597$2,027$1,566$1,198$909$657
24 years$2,462$1,899$1,448$1,093$817$580
25 years$2,338$1,782$1,341$998$735$513
26 years$2,224$1,675$1,244$912$662$454
27 years$2,119$1,577$1,155$835$597$402
28 years$2,022$1,486$1,074$765$539$356
29 years$1,931$1,401$999$702$487$316
30 years$1,846$1,324$931$644$440$280
31 years$1,767$1,251$868$591$398$248
32 years$1,694$1,184$810$544$360$221
33 years$1,624$1,121$756$500$325$196
34 years$1,559$1,063$706$460$295$174
35 years$1,498$1,008$660$423$267$155
36 years$1,441$957$618$390$242$137
37 years$1,386$909$578$359$219$122
38 years$1,335$863$541$331$199$109
39 years$1,286$821$507$305$180$97
40 years$1,240$781$475$282$163$86
41 years$1,196$744$446$260$148$76
42 years$1,155$708$418$240$135$68
43 years$1,115$675$392$221$122$60
44 years$1,078$643$368$204$111$54
45 years$1,042$613$346$189$101$48
46 years$1,008$585$325$174$91$43
47 years$975$558$305$161$83$38
48 years$944$533$287$149$75$34
49 years$914$509$270$138$68$30
50 years$886$486$253$127$62$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $907,000, adding $5,946 every year, while hoping to spend $59,696 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: 43/32/25 Blend
63$907,000$907,000$907,000$907,000
64$1,005,647$957,576$943,518$1,041,340
65$1,044,707$940,981$911,610$1,050,764
66$1,085,751$921,573$876,632$1,054,797
67$1,128,916$899,149$838,418$1,057,991
68$1,174,357$873,498$796,796$1,060,303
69$1,222,236$844,394$751,583$1,061,689
70$1,272,733$811,599$702,591$1,062,104
71$1,326,046$774,861$649,621$1,061,507
72$1,382,386$733,913$592,467$1,059,855
73$1,441,987$688,472$530,912$1,057,109
74$1,505,103$638,240$464,731$1,053,230
75$1,572,011$582,902$393,688$1,048,183
76$1,643,017$522,125$317,537$1,041,938
77$1,718,450$455,555$236,020$1,034,466
78$1,798,675$382,820$148,870$1,025,745
79$1,884,089$303,527$55,806$1,015,760
80$1,975,126$217,260$0$1,004,502
81$2,072,263$123,580$0$1,003,576
82$2,176,022$22,024$0$1,018,027
83$2,286,975$0$0$1,033,059
84$2,405,748$0$0$1,079,746
85$2,533,029$0$0$1,138,161
86$2,669,573$0$0$1,200,907
87$2,816,207$0$0$1,268,371
88$2,973,838$0$0$1,340,984
89$3,143,466$0$0$1,419,215
90$3,326,183$0$0$1,503,582
91$3,523,194$0$0$1,594,652
92$3,735,818$0$0$1,693,048
93$3,965,507$0$0$1,799,457
94$4,213,857$0$0$1,914,631
95$4,482,621$0$0$2,039,400
96$4,773,725$0$0$2,174,673
97$5,089,289$0$0$2,321,453
98$5,431,643$0$0$2,480,841
99$5,803,349$0$0$2,654,048
100$6,207,226$0$0$2,842,408