Can I retire at age 64 with 926,000?

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 $926,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$76,468$75,787$75,123$74,474$73,841$72,797
2 years$37,856$37,151$36,467$35,805$35,162$34,113
3 years$24,986$24,278$23,597$22,940$22,308$21,286
4 years$18,553$17,847$17,172$16,527$15,910$14,923
5 years$14,694$13,992$13,326$12,695$12,095$11,145
6 years$12,122$11,426$10,770$10,152$9,570$8,659
7 years$10,286$9,595$8,950$8,346$7,783$6,911
8 years$8,909$8,225$7,590$7,002$6,457$5,623
9 years$7,839$7,161$6,537$5,964$5,438$4,643
10 years$6,984$6,312$5,699$5,141$4,633$3,876
11 years$6,284$5,620$5,018$4,474$3,985$3,265
12 years$5,701$5,044$4,453$3,924$3,453$2,769
13 years$5,209$4,558$3,978$3,465$3,011$2,363
14 years$4,787$4,143$3,575$3,076$2,640$2,026
15 years$4,422$3,785$3,227$2,743$2,324$1,744
16 years$4,103$3,473$2,926$2,456$2,054$1,506
17 years$3,821$3,198$2,663$2,207$1,821$1,304
18 years$3,571$2,955$2,431$1,989$1,619$1,132
19 years$3,348$2,739$2,225$1,797$1,443$985
20 years$3,147$2,545$2,042$1,627$1,289$858
21 years$2,966$2,371$1,878$1,477$1,154$749
22 years$2,801$2,213$1,731$1,343$1,034$655
23 years$2,651$2,070$1,598$1,223$928$573
24 years$2,514$1,939$1,478$1,115$834$502
25 years$2,387$1,820$1,369$1,019$751$440
26 years$2,271$1,710$1,270$931$676$386
27 years$2,164$1,610$1,179$853$610$338
28 years$2,064$1,517$1,096$781$550$297
29 years$1,971$1,431$1,020$716$497$261
30 years$1,885$1,351$950$657$449$230
31 years$1,804$1,277$886$604$406$202
32 years$1,729$1,209$827$555$367$178
33 years$1,658$1,145$772$510$332$156
34 years$1,592$1,085$721$469$301$138
35 years$1,530$1,029$674$432$272$121
36 years$1,471$977$631$398$247$107
37 years$1,415$928$590$367$224$94
38 years$1,363$882$553$338$203$83
39 years$1,313$838$518$312$184$73
40 years$1,266$798$485$287$167$64
41 years$1,221$759$455$265$151$57
42 years$1,179$723$427$245$137$50
43 years$1,139$689$401$226$125$44
44 years$1,100$657$376$209$113$39
45 years$1,064$626$353$193$103$34
46 years$1,029$597$332$178$93$30
47 years$995$570$312$164$85$27
48 years$964$544$293$152$77$23
49 years$933$520$275$140$70$21
50 years$904$496$259$130$63$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $926,000, adding $2,627 every year, while hoping to spend $35,273 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: 44/35/21 Blend
63$926,000$926,000$926,000$926,000
64$1,023,162$974,084$959,731$1,061,854
65$1,089,994$984,284$954,352$1,099,616
66$1,162,461$993,801$947,610$1,136,866
67$1,241,100$1,002,566$939,423$1,176,522
68$1,326,503$1,010,502$929,704$1,218,823
69$1,419,319$1,017,529$918,362$1,264,036
70$1,520,264$1,023,562$905,302$1,312,455
71$1,630,125$1,028,511$890,423$1,364,408
72$1,749,767$1,032,278$873,622$1,420,255
73$1,880,145$1,034,761$854,790$1,480,398
74$2,022,306$1,035,850$833,811$1,545,281
75$2,177,404$1,035,430$810,567$1,615,394
76$2,346,710$1,033,377$784,932$1,691,281
77$2,531,623$1,029,561$756,776$1,773,544
78$2,733,682$1,023,842$725,961$1,862,849
79$2,954,581$1,016,074$692,344$1,959,933
80$3,196,187$1,006,101$655,777$2,065,611
81$3,460,555$993,756$616,101$2,180,784
82$3,749,946$978,865$573,155$2,306,450
83$4,066,852$961,241$526,768$2,443,712
84$4,414,016$940,687$476,760$2,593,788
85$4,794,460$916,995$422,946$2,758,027
86$5,211,512$889,944$365,131$2,937,918
87$5,668,834$859,300$303,111$3,135,110
88$6,170,465$824,816$236,675$3,351,423
89$6,720,850$786,229$165,601$3,588,867
90$7,324,885$743,263$89,657$3,849,666
91$7,987,965$695,624$8,603$4,136,276
92$8,716,032$643,004$0$4,451,408
93$9,515,629$585,073$0$4,815,514
94$10,393,969$521,487$0$5,217,641
95$11,358,993$451,879$0$5,659,575
96$12,419,452$375,863$0$6,145,417
97$13,584,986$293,030$0$6,679,692
98$14,866,215$202,949$0$7,267,389
99$16,274,839$105,164$0$7,914,014
100$17,823,749$0$0$8,625,641