Can I retire at age 64 with 921,000?

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 $921,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$76,055$75,378$74,717$74,072$73,442$71,608
2 years$37,651$36,950$36,270$35,611$34,972$33,137
3 years$24,851$24,147$23,469$22,817$22,188$20,407
4 years$18,453$17,751$17,080$16,438$15,825$14,113
5 years$14,615$13,917$13,255$12,626$12,030$10,392
6 years$12,057$11,364$10,712$10,097$9,519$7,956
7 years$10,230$9,544$8,901$8,301$7,741$6,254
8 years$8,861$8,181$7,549$6,964$6,422$5,010
9 years$7,797$7,123$6,502$5,932$5,408$4,070
10 years$6,946$6,278$5,669$5,113$4,608$3,342
11 years$6,250$5,589$4,991$4,450$3,963$2,767
12 years$5,671$5,017$4,429$3,903$3,434$2,307
13 years$5,181$4,534$3,957$3,446$2,995$1,933
14 years$4,761$4,121$3,555$3,059$2,625$1,627
15 years$4,398$3,764$3,210$2,728$2,311$1,375
16 years$4,080$3,454$2,910$2,443$2,043$1,165
17 years$3,800$3,181$2,648$2,195$1,811$989
18 years$3,552$2,939$2,418$1,978$1,611$842
19 years$3,330$2,724$2,213$1,787$1,436$718
20 years$3,130$2,531$2,031$1,619$1,282$613
21 years$2,950$2,358$1,868$1,469$1,147$524
22 years$2,786$2,201$1,722$1,336$1,029$449
23 years$2,637$2,058$1,590$1,216$923$384
24 years$2,500$1,929$1,470$1,109$830$330
25 years$2,374$1,810$1,362$1,013$747$283
26 years$2,259$1,701$1,263$926$673$243
27 years$2,152$1,601$1,173$848$606$208
28 years$2,053$1,509$1,090$777$547$179
29 years$1,961$1,423$1,015$712$494$154
30 years$1,875$1,344$945$654$446$132
31 years$1,795$1,271$881$601$404$114
32 years$1,720$1,202$822$552$365$98
33 years$1,649$1,138$768$508$330$84
34 years$1,583$1,079$717$467$299$72
35 years$1,521$1,023$670$430$271$62
36 years$1,463$971$627$396$246$54
37 years$1,408$923$587$365$223$46
38 years$1,355$877$550$336$202$40
39 years$1,306$834$515$310$183$34
40 years$1,259$793$483$286$166$29
41 years$1,215$755$453$264$151$25
42 years$1,173$719$425$243$137$22
43 years$1,132$685$398$225$124$19
44 years$1,094$653$374$208$113$16
45 years$1,058$623$351$192$102$14
46 years$1,023$594$330$177$93$12
47 years$990$567$310$164$84$10
48 years$958$541$291$151$76$9
49 years$928$517$274$140$69$8
50 years$899$494$257$129$63$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $921,000, adding $6,747 every year, while hoping to spend $26,249 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: 67/22/11 Blend
63$921,000$921,000$921,000$921,000
64$1,021,902$973,089$958,813$1,087,507
65$1,098,207$992,841$963,005$1,151,770
66$1,181,415$1,012,682$966,457$1,218,250
67$1,272,204$1,032,587$969,117$1,290,254
68$1,371,317$1,052,532$970,930$1,368,320
69$1,479,573$1,072,489$971,839$1,453,039
70$1,597,876$1,092,427$971,782$1,545,064
71$1,727,219$1,112,315$970,696$1,645,114
72$1,868,695$1,132,118$968,514$1,753,981
73$2,023,508$1,151,798$965,166$1,872,538
74$2,192,985$1,171,315$960,577$2,001,745
75$2,378,585$1,190,626$954,673$2,142,663
76$2,581,917$1,209,683$947,371$2,296,458
77$2,804,751$1,228,436$938,586$2,464,417
78$3,049,038$1,246,832$928,231$2,647,958
79$3,316,926$1,264,812$916,213$2,848,642
80$3,610,780$1,282,316$902,434$3,068,192
81$3,933,207$1,299,276$886,792$3,308,504
82$4,287,075$1,315,622$869,181$3,571,670
83$4,675,548$1,331,279$849,490$3,859,993
84$5,102,108$1,346,166$827,602$4,176,013
85$5,570,591$1,360,196$803,395$4,522,530
86$6,085,223$1,373,277$776,740$4,902,628
87$6,650,661$1,385,312$747,506$5,319,707
88$7,272,032$1,396,197$715,551$5,777,514
89$7,954,988$1,405,819$680,731$6,280,178
90$8,705,754$1,414,061$642,892$6,832,252
91$9,531,187$1,420,797$601,876$7,438,752
92$10,438,845$1,425,892$557,515$8,105,208
93$11,437,050$1,429,204$509,635$8,837,713
94$12,534,977$1,430,582$458,055$9,642,983
95$13,742,729$1,429,865$402,584$10,528,422
96$15,071,441$1,426,883$343,025$11,502,189
97$16,533,381$1,421,453$279,169$12,573,276
98$18,142,065$1,413,383$210,800$13,751,593
99$19,912,387$1,402,470$137,694$15,048,066
100$21,860,756$1,388,497$59,612$16,474,733