Can I retire at age 64 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$75,230$74,559$73,906$73,268$72,644$71,826
2 years$37,242$36,549$35,877$35,225$34,593$33,769
3 years$24,582$23,885$23,214$22,569$21,947$21,143
4 years$18,252$17,558$16,894$16,260$15,653$14,875
5 years$14,456$13,766$13,111$12,489$11,899$11,150
6 years$11,926$11,241$10,595$9,987$9,415$8,696
7 years$10,119$9,440$8,805$8,211$7,657$6,967
8 years$8,765$8,092$7,467$6,888$6,352$5,692
9 years$7,712$7,045$6,431$5,867$5,350$4,719
10 years$6,870$6,210$5,607$5,058$4,558$3,957
11 years$6,182$5,529$4,936$4,402$3,920$3,347
12 years$5,609$4,962$4,381$3,861$3,397$2,852
13 years$5,125$4,484$3,914$3,409$2,962$2,444
14 years$4,710$4,076$3,517$3,026$2,597$2,105
15 years$4,350$3,724$3,175$2,698$2,286$1,821
16 years$4,036$3,416$2,879$2,416$2,021$1,580
17 years$3,759$3,146$2,620$2,171$1,792$1,375
18 years$3,513$2,907$2,391$1,956$1,593$1,200
19 years$3,294$2,694$2,189$1,768$1,420$1,049
20 years$3,096$2,504$2,009$1,601$1,268$919
21 years$2,918$2,332$1,848$1,453$1,135$806
22 years$2,756$2,177$1,703$1,321$1,017$708
23 years$2,608$2,036$1,573$1,203$913$623
24 years$2,473$1,908$1,454$1,097$821$549
25 years$2,349$1,790$1,347$1,002$739$484
26 years$2,234$1,683$1,249$916$665$426
27 years$2,128$1,584$1,160$839$600$376
28 years$2,030$1,492$1,078$768$541$332
29 years$1,939$1,408$1,004$705$489$294
30 years$1,854$1,329$935$647$442$260
31 years$1,775$1,257$872$594$399$230
32 years$1,701$1,189$813$546$361$203
33 years$1,631$1,126$759$502$327$180
34 years$1,566$1,067$709$462$296$159
35 years$1,505$1,012$663$425$268$141
36 years$1,447$961$620$392$243$125
37 years$1,392$913$581$361$220$111
38 years$1,341$867$544$333$200$98
39 years$1,292$825$509$307$181$87
40 years$1,245$785$478$283$164$77
41 years$1,202$747$448$261$149$68
42 years$1,160$711$420$241$135$61
43 years$1,120$678$394$222$123$54
44 years$1,082$646$370$205$111$48
45 years$1,046$616$347$190$101$42
46 years$1,012$588$326$175$92$37
47 years$979$561$307$162$83$33
48 years$948$535$288$149$76$29
49 years$918$511$271$138$69$26
50 years$889$488$255$128$62$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $911,000, adding $2,047 every year, while hoping to spend $37,738 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: 74/20/6 Blend
63$911,000$911,000$911,000$911,000
64$1,006,033$957,750$943,630$1,079,666
65$1,068,496$964,527$935,089$1,135,185
66$1,136,065$970,371$924,996$1,190,996
67$1,209,221$975,197$913,261$1,251,052
68$1,288,493$978,914$899,787$1,315,759
69$1,374,463$981,424$884,474$1,385,564
70$1,467,770$982,626$867,216$1,460,961
71$1,569,118$982,409$847,902$1,542,494
72$1,679,279$980,659$826,418$1,630,762
73$1,799,105$977,251$802,643$1,726,426
74$1,929,533$972,055$776,450$1,830,214
75$2,071,592$964,932$747,708$1,942,930
76$2,226,417$955,736$716,279$2,065,458
77$2,395,254$944,310$682,017$2,198,775
78$2,579,478$930,489$644,772$2,343,957
79$2,780,600$914,098$604,387$2,502,190
80$3,000,283$894,951$560,697$2,674,782
81$3,240,361$872,852$513,529$2,863,175
82$3,502,849$847,593$462,703$3,068,958
83$3,789,967$818,953$408,031$3,293,886
84$4,104,161$786,700$349,318$3,539,891
85$4,448,123$750,586$286,358$3,809,103
86$4,824,818$710,350$218,936$4,103,873
87$5,237,509$665,717$146,831$4,426,791
88$5,689,792$616,394$69,807$4,780,713
89$6,185,627$562,074$0$5,168,789
90$6,729,375$502,429$0$5,595,285
91$7,325,839$437,116$0$6,068,055
92$7,980,309$365,769$0$6,586,866
93$8,698,613$288,004$0$7,156,387
94$9,487,169$203,414$0$7,781,768
95$10,353,050$111,571$0$8,468,686
96$11,304,043$12,020$0$9,223,397
97$12,348,729$0$0$10,052,798
98$13,496,561$0$0$10,985,558
99$14,757,952$0$0$12,013,547
100$16,144,375$0$0$13,143,477