Can I retire at age 64 with 954,000?

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 $954,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$78,780$78,079$77,394$76,726$76,073$74,875
2 years$39,000$38,274$37,570$36,887$36,225$35,021
3 years$25,742$25,012$24,310$23,634$22,983$21,810
4 years$19,114$18,387$17,692$17,027$16,392$15,259
5 years$15,138$14,415$13,729$13,078$12,461$11,372
6 years$12,489$11,771$11,095$10,459$9,860$8,817
7 years$10,597$9,886$9,220$8,599$8,019$7,021
8 years$9,179$8,474$7,820$7,213$6,652$5,700
9 years$8,076$7,378$6,735$6,144$5,602$4,695
10 years$7,195$6,503$5,872$5,296$4,773$3,910
11 years$6,474$5,789$5,169$4,609$4,105$3,285
12 years$5,874$5,196$4,588$4,043$3,557$2,780
13 years$5,366$4,696$4,099$3,569$3,102$2,365
14 years$4,932$4,268$3,683$3,169$2,719$2,022
15 years$4,556$3,899$3,325$2,826$2,394$1,736
16 years$4,227$3,578$3,015$2,530$2,116$1,495
17 years$3,937$3,295$2,743$2,273$1,876$1,291
18 years$3,679$3,045$2,504$2,049$1,668$1,118
19 years$3,449$2,822$2,292$1,851$1,487$969
20 years$3,242$2,622$2,104$1,677$1,328$842
21 years$3,055$2,442$1,935$1,522$1,189$733
22 years$2,886$2,280$1,784$1,384$1,065$638
23 years$2,731$2,132$1,647$1,260$956$557
24 years$2,590$1,998$1,523$1,149$860$486
25 years$2,460$1,875$1,411$1,050$774$425
26 years$2,340$1,762$1,308$960$697$371
27 years$2,229$1,658$1,215$878$628$325
28 years$2,126$1,563$1,129$805$567$284
29 years$2,031$1,474$1,051$738$512$249
30 years$1,942$1,392$979$677$462$218
31 years$1,859$1,316$913$622$418$191
32 years$1,781$1,245$852$572$378$168
33 years$1,708$1,179$795$526$342$147
34 years$1,640$1,118$743$484$310$129
35 years$1,576$1,060$695$445$281$113
36 years$1,515$1,006$650$410$254$99
37 years$1,458$956$608$378$230$87
38 years$1,404$908$569$348$209$77
39 years$1,353$864$534$321$189$67
40 years$1,304$822$500$296$172$59
41 years$1,258$782$469$273$156$52
42 years$1,215$745$440$252$141$46
43 years$1,173$710$413$233$128$40
44 years$1,133$677$387$215$117$35
45 years$1,096$645$364$199$106$31
46 years$1,060$615$342$183$96$27
47 years$1,026$587$321$169$87$24
48 years$993$561$302$157$79$21
49 years$961$535$284$145$72$18
50 years$931$511$267$134$65$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $954,000, adding $4,055 every year, while hoping to spend $43,945 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: 48/39/13 Blend
63$954,000$954,000$954,000$954,000
64$1,055,491$1,004,929$990,142$1,102,166
65$1,116,394$1,007,413$976,554$1,137,262
66$1,182,036$1,008,546$961,039$1,170,470
67$1,252,854$1,008,216$943,484$1,205,546
68$1,329,329$1,006,302$923,775$1,242,681
69$1,411,988$1,002,678$901,789$1,282,084
70$1,501,410$997,209$877,398$1,323,992
71$1,598,234$989,752$850,471$1,368,664
72$1,703,160$980,156$820,868$1,416,390
73$1,816,958$968,260$788,443$1,467,494
74$1,940,476$953,893$753,044$1,522,333
75$2,074,646$936,874$714,512$1,581,305
76$2,220,492$917,014$672,681$1,644,852
77$2,379,144$894,109$627,377$1,713,465
78$2,551,841$867,944$578,418$1,787,688
79$2,739,948$838,294$525,615$1,868,124
80$2,944,969$804,916$468,769$1,955,444
81$3,168,557$767,558$407,674$2,050,391
82$3,412,532$725,950$342,113$2,153,788
83$3,678,896$679,808$271,860$2,266,549
84$3,969,856$628,831$196,680$2,389,686
85$4,287,839$572,702$116,326$2,524,319
86$4,635,517$511,083$30,542$2,671,691
87$5,015,834$443,619$0$2,833,177
88$5,432,029$369,937$0$3,018,761
89$5,887,670$289,638$0$3,226,740
90$6,386,686$202,303$0$3,454,778
91$6,933,403$107,492$0$3,704,983
92$7,532,587$4,736$0$3,979,685
93$8,189,485$0$0$4,281,456
94$8,909,876$0$0$4,658,829
95$9,700,127$0$0$5,075,135
96$10,567,250$0$0$5,532,048
97$11,518,966$0$0$6,033,654
98$12,563,784$0$0$6,584,449
99$13,711,075$0$0$7,189,389
100$14,971,161$0$0$7,853,933