Can I retire at age 64 with 939,000?

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 $939,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$77,542$76,851$76,177$75,519$74,877$74,281
2 years$38,387$37,672$36,979$36,307$35,656$35,055
3 years$25,337$24,619$23,928$23,263$22,622$22,034
4 years$18,813$18,098$17,413$16,759$16,134$15,565
5 years$14,900$14,189$13,514$12,873$12,265$11,716
6 years$12,292$11,586$10,921$10,294$9,705$9,176
7 years$10,430$9,730$9,075$8,464$7,892$7,385
8 years$9,034$8,340$7,697$7,100$6,548$6,061
9 years$7,949$7,262$6,629$6,048$5,514$5,049
10 years$7,082$6,401$5,779$5,213$4,698$4,253
11 years$6,372$5,698$5,088$4,537$4,041$3,616
12 years$5,781$5,115$4,516$3,979$3,502$3,097
13 years$5,282$4,622$4,034$3,513$3,053$2,668
14 years$4,854$4,201$3,625$3,119$2,677$2,310
15 years$4,484$3,838$3,273$2,781$2,357$2,009
16 years$4,160$3,521$2,967$2,490$2,083$1,753
17 years$3,875$3,243$2,700$2,238$1,847$1,534
18 years$3,621$2,997$2,465$2,017$1,642$1,346
19 years$3,395$2,777$2,256$1,822$1,464$1,184
20 years$3,191$2,581$2,071$1,650$1,307$1,043
21 years$3,007$2,404$1,905$1,498$1,170$920
22 years$2,840$2,244$1,756$1,362$1,049$814
23 years$2,688$2,099$1,621$1,240$941$720
24 years$2,549$1,966$1,499$1,131$846$638
25 years$2,421$1,845$1,388$1,033$761$566
26 years$2,303$1,734$1,288$945$686$502
27 years$2,194$1,632$1,196$865$618$446
28 years$2,093$1,538$1,112$792$558$396
29 years$1,999$1,451$1,034$726$504$353
30 years$1,911$1,370$964$667$455$314
31 years$1,830$1,295$898$612$412$279
32 years$1,753$1,226$838$563$372$249
33 years$1,682$1,161$783$517$337$222
34 years$1,614$1,100$731$476$305$198
35 years$1,551$1,043$684$438$276$176
36 years$1,491$990$639$404$250$157
37 years$1,435$941$599$372$227$140
38 years$1,382$894$561$343$206$125
39 years$1,331$850$525$316$187$112
40 years$1,284$809$492$292$169$100
41 years$1,238$770$462$269$153$89
42 years$1,195$733$433$248$139$79
43 years$1,155$699$406$229$126$71
44 years$1,116$666$381$212$115$63
45 years$1,079$635$358$195$104$56
46 years$1,043$606$336$180$95$50
47 years$1,009$578$316$167$86$45
48 years$977$552$297$154$78$40
49 years$946$527$279$142$71$36
50 years$917$503$262$132$64$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $939,000, adding $5,324 every year, while hoping to spend $53,331 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: 54/23/23 Blend
63$939,000$939,000$939,000$939,000
64$1,040,270$990,503$975,948$1,089,603
65$1,089,633$982,294$951,899$1,115,890
66$1,142,245$971,895$925,256$1,138,489
67$1,198,379$959,143$895,877$1,161,969
68$1,258,337$943,864$863,612$1,186,434
69$1,322,449$925,875$828,305$1,211,998
70$1,391,076$904,981$789,791$1,238,791
71$1,464,617$880,976$747,900$1,266,958
72$1,543,506$853,641$702,452$1,296,665
73$1,628,220$822,746$653,262$1,328,094
74$1,719,285$788,047$600,132$1,361,454
75$1,817,275$749,285$542,860$1,396,975
76$1,922,823$706,186$481,231$1,434,917
77$2,036,623$658,460$415,024$1,475,571
78$2,159,437$605,803$344,006$1,519,261
79$2,292,103$547,891$267,934$1,566,350
80$2,435,541$484,382$186,553$1,617,245
81$2,590,764$414,914$99,601$1,672,396
82$2,758,884$339,107$6,799$1,732,309
83$2,941,124$256,557$0$1,797,546
84$3,138,829$166,838$0$1,891,368
85$3,353,477$69,501$0$1,995,089
86$3,586,696$0$0$2,107,891
87$3,840,275$0$0$2,239,813
88$4,116,182$0$0$2,402,568
89$4,416,585$0$0$2,579,854
90$4,743,865$0$0$2,773,089
91$5,100,648$0$0$2,983,831
92$5,489,818$0$0$3,213,798
93$5,914,555$0$0$3,464,878
94$6,378,355$0$0$3,739,151
95$6,885,069$0$0$4,038,908
96$7,438,935$0$0$4,366,667
97$8,044,622$0$0$4,725,206
98$8,707,265$0$0$5,117,580
99$9,432,525$0$0$5,547,153
100$10,226,630$0$0$6,017,631