Can I retire at age 64 with 934,000?

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 $934,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$77,129$76,442$75,772$75,117$74,478$72,472
2 years$38,183$37,471$36,782$36,114$35,466$33,459
3 years$25,202$24,488$23,801$23,139$22,501$20,556
4 years$18,713$18,001$17,321$16,670$16,048$14,180
5 years$14,821$14,113$13,442$12,804$12,199$10,414
6 years$12,227$11,525$10,863$10,240$9,653$7,951
7 years$10,375$9,678$9,027$8,419$7,850$6,233
8 years$8,986$8,296$7,656$7,062$6,513$4,978
9 years$7,907$7,223$6,594$6,015$5,485$4,032
10 years$7,044$6,367$5,749$5,185$4,673$3,301
11 years$6,338$5,668$5,061$4,513$4,019$2,724
12 years$5,751$5,087$4,492$3,958$3,483$2,263
13 years$5,254$4,597$4,013$3,495$3,037$1,891
14 years$4,828$4,179$3,606$3,102$2,662$1,586
15 years$4,460$3,818$3,255$2,767$2,344$1,335
16 years$4,138$3,503$2,951$2,477$2,072$1,127
17 years$3,854$3,226$2,686$2,226$1,837$954
18 years$3,602$2,981$2,452$2,006$1,633$809
19 years$3,377$2,763$2,244$1,812$1,456$687
20 years$3,174$2,567$2,060$1,641$1,300$585
21 years$2,991$2,391$1,895$1,490$1,164$498
22 years$2,825$2,232$1,746$1,355$1,043$425
23 years$2,674$2,088$1,612$1,234$936$362
24 years$2,535$1,956$1,491$1,125$842$309
25 years$2,408$1,836$1,381$1,028$757$264
26 years$2,291$1,725$1,281$940$682$226
27 years$2,182$1,624$1,189$860$615$193
28 years$2,082$1,530$1,106$788$555$165
29 years$1,988$1,443$1,029$723$501$142
30 years$1,901$1,363$958$663$453$121
31 years$1,820$1,288$894$609$409$104
32 years$1,744$1,219$834$560$370$89
33 years$1,673$1,155$778$515$335$76
34 years$1,606$1,094$727$474$303$65
35 years$1,543$1,038$680$436$275$56
36 years$1,483$985$636$401$249$48
37 years$1,427$936$595$370$226$41
38 years$1,374$889$558$341$205$35
39 years$1,324$846$522$314$186$30
40 years$1,277$804$490$290$168$26
41 years$1,232$766$459$268$153$22
42 years$1,189$729$431$247$139$19
43 years$1,148$695$404$228$126$16
44 years$1,110$662$379$210$114$14
45 years$1,073$632$356$194$104$12
46 years$1,038$603$335$180$94$10
47 years$1,004$575$314$166$85$9
48 years$972$549$295$153$78$8
49 years$941$524$278$142$70$6
50 years$912$501$261$131$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $934,000, adding $4,367 every year, while hoping to spend $40,790 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: 44/36/20 Blend
63$934,000$934,000$934,000$934,000
64$1,033,773$984,271$969,794$1,073,100
65$1,095,817$989,100$958,881$1,106,068
66$1,162,823$992,798$946,237$1,137,436
67$1,235,254$995,268$931,758$1,170,593
68$1,313,617$996,404$915,340$1,205,726
69$1,398,474$996,095$896,871$1,243,041
70$1,490,438$994,223$876,236$1,282,768
71$1,590,186$990,664$853,313$1,325,162
72$1,698,462$985,283$827,976$1,370,507
73$1,816,083$977,940$800,091$1,419,120
74$1,943,949$968,485$769,520$1,471,352
75$2,083,051$956,759$736,118$1,527,592
76$2,234,476$942,595$699,732$1,588,275
77$2,399,424$925,814$660,205$1,653,880
78$2,579,214$906,227$617,370$1,724,943
79$2,775,296$883,634$571,054$1,802,055
80$2,989,267$857,824$521,076$1,885,874
81$3,222,887$828,572$467,247$1,977,130
82$3,478,091$795,641$409,369$2,076,629
83$3,757,009$758,780$347,235$2,185,268
84$4,061,988$717,724$280,632$2,304,040
85$4,395,610$672,192$209,332$2,434,045
86$4,760,720$621,887$133,102$2,576,501
87$5,160,448$566,495$51,696$2,732,758
88$5,598,245$505,683$0$2,904,310
89$6,077,906$439,102$0$3,100,318
90$6,603,615$366,381$0$3,327,365
91$7,179,978$287,128$0$3,576,495
92$7,812,068$200,929$0$3,850,010
93$8,505,473$107,348$0$4,150,454
94$9,266,347$5,924$0$4,480,637
95$10,101,470$0$0$4,843,661
96$11,018,308$0$0$5,284,085
97$12,025,089$0$0$5,770,411
98$13,130,873$0$0$6,304,684
99$14,345,643$0$0$6,891,742
100$15,680,395$0$0$7,536,915