Can I retire at age 64 with 918,000?

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 $918,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$75,808$75,132$74,474$73,830$73,203$71,346
2 years$37,529$36,830$36,152$35,495$34,858$33,000
3 years$24,770$24,069$23,393$22,742$22,116$20,314
4 years$18,393$17,693$17,024$16,385$15,773$14,041
5 years$14,567$13,871$13,211$12,585$11,990$10,333
6 years$12,017$11,327$10,677$10,064$9,488$7,907
7 years$10,197$9,512$8,872$8,274$7,716$6,212
8 years$8,832$8,154$7,525$6,941$6,401$4,974
9 years$7,771$7,099$6,481$5,912$5,391$4,038
10 years$6,923$6,258$5,650$5,096$4,593$3,314
11 years$6,230$5,571$4,974$4,435$3,950$2,742
12 years$5,652$5,000$4,415$3,890$3,423$2,284
13 years$5,164$4,519$3,944$3,435$2,985$1,913
14 years$4,746$4,107$3,544$3,049$2,617$1,609
15 years$4,384$3,752$3,200$2,719$2,304$1,358
16 years$4,067$3,443$2,901$2,435$2,036$1,150
17 years$3,788$3,170$2,640$2,188$1,805$976
18 years$3,540$2,930$2,410$1,971$1,605$830
19 years$3,319$2,715$2,206$1,781$1,431$708
20 years$3,120$2,523$2,025$1,613$1,278$604
21 years$2,940$2,350$1,862$1,464$1,144$516
22 years$2,777$2,194$1,716$1,331$1,025$441
23 years$2,628$2,052$1,585$1,212$920$378
24 years$2,492$1,922$1,466$1,106$827$324
25 years$2,367$1,804$1,357$1,010$744$277
26 years$2,251$1,696$1,259$923$670$238
27 years$2,145$1,596$1,169$845$604$204
28 years$2,046$1,504$1,087$774$545$175
29 years$1,954$1,418$1,011$710$493$150
30 years$1,869$1,340$942$652$445$129
31 years$1,789$1,266$878$599$402$111
32 years$1,714$1,198$819$550$364$95
33 years$1,644$1,135$765$506$329$82
34 years$1,578$1,076$715$465$298$71
35 years$1,516$1,020$668$428$270$61
36 years$1,458$968$625$395$245$52
37 years$1,403$920$585$364$222$45
38 years$1,351$874$548$335$201$39
39 years$1,302$831$513$309$182$33
40 years$1,255$791$481$285$165$29
41 years$1,211$753$451$263$150$25
42 years$1,169$717$423$243$136$21
43 years$1,129$683$397$224$124$18
44 years$1,091$651$373$207$112$16
45 years$1,054$621$350$191$102$13
46 years$1,020$592$329$176$92$12
47 years$987$565$309$163$84$10
48 years$955$539$290$151$76$9
49 years$925$515$273$139$69$7
50 years$896$492$257$129$63$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $918,000, adding $4,629 every year, while hoping to spend $45,126 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: 24/47/29 Blend
63$918,000$918,000$918,000$918,000
64$1,016,411$967,757$953,528$1,031,467
65$1,072,071$967,163$937,457$1,044,099
66$1,131,896$965,028$919,336$1,053,525
67$1,196,263$961,228$899,047$1,062,683
68$1,265,587$955,633$876,470$1,071,585
69$1,340,321$948,104$851,477$1,080,242
70$1,420,966$938,493$823,933$1,088,676
71$1,508,071$926,646$793,702$1,096,913
72$1,602,239$912,396$760,635$1,104,986
73$1,704,133$895,569$724,582$1,112,941
74$1,814,482$875,979$685,382$1,120,830
75$1,934,087$853,429$642,870$1,128,718
76$2,063,829$827,713$596,872$1,136,685
77$2,204,677$798,609$547,205$1,144,823
78$2,357,698$765,884$493,680$1,153,243
79$2,524,063$729,292$436,099$1,162,074
80$2,705,063$688,573$374,253$1,171,467
81$2,902,116$643,450$307,928$1,181,596
82$3,116,785$593,632$236,896$1,192,662
83$3,350,788$538,811$160,923$1,204,899
84$3,606,015$478,660$79,761$1,218,571
85$3,884,550$412,835$0$1,233,983
86$4,188,682$340,972$0$1,253,601
87$4,520,936$262,688$0$1,302,175
88$4,884,087$177,575$0$1,355,533
89$5,281,192$85,205$0$1,414,270
90$5,715,619$0$0$1,479,052
91$6,191,074$0$0$1,558,318
92$6,711,637$0$0$1,693,505
93$7,281,803$0$0$1,841,733
94$7,906,522$0$0$2,004,307
95$8,591,245$0$0$2,182,668
96$9,341,975$0$0$2,378,401
97$10,165,323$0$0$2,593,250
98$11,068,573$0$0$2,829,141
99$12,059,745$0$0$3,088,190
100$13,147,675$0$0$3,372,733