Can I retire at age 64 with 919,000?

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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$75,890$75,214$74,555$73,911$73,282$70,937
2 years$37,569$36,870$36,192$35,534$34,896$32,555
3 years$24,797$24,095$23,418$22,767$22,140$19,876
4 years$18,413$17,712$17,043$16,402$15,790$13,621
5 years$14,583$13,887$13,226$12,599$12,003$9,935
6 years$12,031$11,339$10,688$10,075$9,498$7,532
7 years$10,208$9,523$8,882$8,283$7,724$5,861
8 years$8,842$8,163$7,533$6,949$6,408$4,645
9 years$7,780$7,107$6,488$5,919$5,397$3,733
10 years$6,931$6,265$5,656$5,102$4,598$3,031
11 years$6,236$5,577$4,980$4,440$3,955$2,481
12 years$5,658$5,006$4,419$3,895$3,427$2,043
13 years$5,170$4,524$3,948$3,438$2,988$1,692
14 years$4,751$4,112$3,548$3,052$2,620$1,407
15 years$4,388$3,756$3,203$2,722$2,306$1,173
16 years$4,072$3,446$2,904$2,437$2,038$981
17 years$3,792$3,174$2,643$2,190$1,807$823
18 years$3,544$2,933$2,412$1,974$1,607$691
19 years$3,323$2,718$2,208$1,783$1,432$581
20 years$3,123$2,526$2,027$1,615$1,279$490
21 years$2,943$2,353$1,864$1,466$1,145$413
22 years$2,780$2,196$1,718$1,333$1,026$348
23 years$2,631$2,054$1,586$1,214$921$294
24 years$2,495$1,924$1,467$1,107$828$249
25 years$2,369$1,806$1,359$1,011$745$210
26 years$2,254$1,697$1,260$924$671$178
27 years$2,147$1,597$1,170$846$605$151
28 years$2,048$1,505$1,088$775$546$128
29 years$1,956$1,420$1,012$711$493$108
30 years$1,871$1,341$943$652$446$92
31 years$1,791$1,268$879$599$403$78
32 years$1,716$1,200$820$551$364$66
33 years$1,646$1,136$766$506$330$56
34 years$1,580$1,077$716$466$299$47
35 years$1,518$1,021$669$429$270$40
36 years$1,460$969$626$395$245$34
37 years$1,404$921$586$364$222$29
38 years$1,352$875$549$335$201$24
39 years$1,303$832$514$309$183$21
40 years$1,256$792$482$285$166$18
41 years$1,212$753$452$263$150$15
42 years$1,170$718$424$243$136$13
43 years$1,130$684$398$224$124$11
44 years$1,092$652$373$207$112$9
45 years$1,056$621$350$191$102$8
46 years$1,021$593$329$177$93$7
47 years$988$566$309$163$84$6
48 years$956$540$291$151$76$5
49 years$926$516$273$139$69$4
50 years$897$493$257$129$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $919,000, adding $6,190 every year, while hoping to spend $54,441 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: 55/33/12 Blend
63$919,000$919,000$919,000$919,000
64$1,019,123$970,416$956,171$1,071,717
65$1,065,149$960,042$930,278$1,097,716
66$1,114,044$947,334$901,693$1,119,547
67$1,166,045$932,122$870,269$1,142,045
68$1,221,409$914,223$835,850$1,165,285
69$1,280,417$893,444$798,275$1,189,350
70$1,343,379$869,582$757,376$1,214,335
71$1,410,632$842,420$712,976$1,240,351
72$1,482,547$811,729$664,892$1,267,518
73$1,559,530$777,267$612,929$1,295,976
74$1,642,027$738,778$556,887$1,325,882
75$1,730,526$695,991$496,555$1,357,412
76$1,825,564$648,619$431,715$1,390,764
77$1,927,730$596,360$362,135$1,426,163
78$2,037,669$538,892$287,578$1,463,859
79$2,156,092$475,878$207,792$1,504,134
80$2,283,777$406,959$122,516$1,547,305
81$2,421,580$331,758$31,478$1,593,727
82$2,570,442$249,876$0$1,643,795
83$2,731,397$160,889$0$1,706,363
84$2,905,580$64,354$0$1,778,366
85$3,094,241$0$0$1,856,362
86$3,298,753$0$0$1,955,611
87$3,520,625$0$0$2,088,709
88$3,761,518$0$0$2,233,293
89$4,023,258$0$0$2,390,467
90$4,307,855$0$0$2,561,448
91$4,617,519$0$0$2,747,575
92$4,954,682$0$0$2,950,320
93$5,322,020$0$0$3,171,303
94$5,722,479$0$0$3,412,308
95$6,159,299$0$0$3,675,298
96$6,636,048$0$0$3,962,433
97$7,156,653$0$0$4,276,092
98$7,725,437$0$0$4,618,893
99$8,347,160$0$0$4,993,719
100$9,027,061$0$0$5,403,744