Can I retire at age 64 with 938,000?

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 $938,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$77,459$76,769$76,096$75,439$74,797$72,724
2 years$38,346$37,632$36,940$36,269$35,618$33,544
3 years$25,310$24,593$23,903$23,238$22,597$20,589
4 years$18,793$18,078$17,395$16,741$16,117$14,188
5 years$14,884$14,174$13,499$12,859$12,252$10,409
6 years$12,279$11,574$10,909$10,283$9,694$7,939
7 years$10,419$9,720$9,066$8,455$7,884$6,216
8 years$9,025$8,332$7,688$7,092$6,541$4,959
9 years$7,941$7,254$6,622$6,041$5,508$4,012
10 years$7,074$6,394$5,773$5,208$4,693$3,280
11 years$6,365$5,692$5,083$4,532$4,036$2,704
12 years$5,775$5,109$4,511$3,975$3,498$2,243
13 years$5,276$4,617$4,030$3,510$3,050$1,871
14 years$4,849$4,197$3,621$3,115$2,674$1,568
15 years$4,479$3,834$3,269$2,778$2,354$1,318
16 years$4,156$3,518$2,964$2,488$2,081$1,111
17 years$3,871$3,240$2,697$2,235$1,845$939
18 years$3,618$2,993$2,462$2,014$1,640$795
19 years$3,391$2,774$2,254$1,820$1,462$674
20 years$3,188$2,578$2,069$1,649$1,306$573
21 years$3,004$2,401$1,903$1,496$1,169$487
22 years$2,837$2,242$1,754$1,360$1,048$415
23 years$2,685$2,096$1,619$1,239$940$353
24 years$2,546$1,964$1,497$1,130$845$301
25 years$2,418$1,843$1,387$1,032$761$257
26 years$2,300$1,732$1,286$944$685$219
27 years$2,192$1,630$1,194$864$618$187
28 years$2,091$1,536$1,110$791$557$160
29 years$1,997$1,449$1,033$726$503$137
30 years$1,909$1,369$963$666$455$117
31 years$1,828$1,294$897$612$411$100
32 years$1,751$1,224$837$562$372$85
33 years$1,680$1,159$782$517$337$73
34 years$1,613$1,099$730$476$305$63
35 years$1,549$1,042$683$438$276$54
36 years$1,490$989$639$403$250$46
37 years$1,434$940$598$371$227$39
38 years$1,380$893$560$342$205$34
39 years$1,330$849$525$316$186$29
40 years$1,282$808$492$291$169$25
41 years$1,237$769$461$269$153$21
42 years$1,194$732$432$248$139$18
43 years$1,153$698$406$229$126$15
44 years$1,114$665$381$211$115$13
45 years$1,077$634$358$195$104$11
46 years$1,042$605$336$180$94$10
47 years$1,008$577$316$167$86$8
48 years$976$551$297$154$78$7
49 years$945$526$279$142$71$6
50 years$916$503$262$131$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $938,000, adding $3,811 every year, while hoping to spend $50,008 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: 53/33/14 Blend
63$938,000$938,000$938,000$938,000
64$1,037,607$987,893$973,354$1,088,544
65$1,090,235$983,092$952,753$1,118,920
66$1,146,555$976,379$929,786$1,146,293
67$1,206,890$967,609$904,321$1,174,941
68$1,271,597$956,625$876,220$1,204,999
69$1,341,064$943,264$845,337$1,236,616
70$1,415,719$927,350$811,523$1,269,960
71$1,496,032$908,700$774,618$1,305,218
72$1,582,518$887,117$734,459$1,342,600
73$1,675,743$862,394$690,871$1,382,340
74$1,776,329$834,312$643,676$1,424,700
75$1,884,959$802,638$592,683$1,469,969
76$2,002,384$767,126$537,697$1,518,475
77$2,129,428$727,516$478,512$1,570,578
78$2,267,000$683,535$414,911$1,626,682
79$2,416,095$634,889$346,672$1,687,238
80$2,577,811$581,273$273,560$1,752,744
81$2,753,353$522,360$195,329$1,823,758
82$2,944,047$457,808$111,725$1,900,899
83$3,151,352$387,253$22,481$1,984,854
84$3,376,874$310,312$0$2,076,387
85$3,622,377$226,580$0$2,187,218
86$3,889,805$135,628$0$2,311,709
87$4,181,296$37,004$0$2,447,593
88$4,499,203$0$0$2,596,077
89$4,846,116$0$0$2,783,835
90$5,224,886$0$0$3,003,592
91$5,638,652$0$0$3,243,742
92$6,090,867$0$0$3,506,302
93$6,585,336$0$0$3,793,491
94$7,126,247$0$0$4,107,754
95$7,718,211$0$0$4,451,783
96$8,366,306$0$0$4,828,541
97$9,076,122$0$0$5,241,293
98$9,853,818$0$0$5,693,633
99$10,706,175$0$0$6,189,521
100$11,640,661$0$0$6,733,316