Can I retire at age 64 with 955,000?

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 $955,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$78,863$78,161$77,475$76,806$76,153$73,305
2 years$39,041$38,314$37,609$36,926$36,263$33,427
3 years$25,769$25,039$24,336$23,659$23,007$20,271
4 years$19,134$18,406$17,710$17,045$16,409$13,794
5 years$15,154$14,431$13,744$13,092$12,474$9,987
6 years$12,502$11,784$11,107$10,470$9,870$7,514
7 years$10,608$9,896$9,230$8,608$8,027$5,800
8 years$9,188$8,483$7,828$7,221$6,659$4,559
9 years$8,085$7,386$6,742$6,151$5,608$3,632
10 years$7,202$6,510$5,878$5,302$4,778$2,923
11 years$6,481$5,796$5,175$4,614$4,109$2,371
12 years$5,880$5,202$4,592$4,047$3,561$1,935
13 years$5,372$4,701$4,103$3,573$3,105$1,587
14 years$4,937$4,273$3,687$3,172$2,722$1,306
15 years$4,560$3,903$3,329$2,829$2,397$1,079
16 years$4,231$3,581$3,018$2,533$2,118$893
17 years$3,941$3,298$2,746$2,276$1,878$741
18 years$3,683$3,048$2,507$2,051$1,670$616
19 years$3,453$2,825$2,295$1,853$1,489$513
20 years$3,246$2,625$2,106$1,678$1,330$427
21 years$3,059$2,445$1,937$1,523$1,190$356
22 years$2,889$2,282$1,785$1,385$1,067$298
23 years$2,734$2,134$1,649$1,261$957$249
24 years$2,592$2,000$1,525$1,150$861$208
25 years$2,462$1,877$1,412$1,051$774$174
26 years$2,342$1,764$1,310$961$697$145
27 years$2,231$1,660$1,216$879$629$122
28 years$2,128$1,564$1,131$806$567$102
29 years$2,033$1,476$1,052$739$512$85
30 years$1,944$1,394$980$678$463$71
31 years$1,861$1,317$914$623$419$60
32 years$1,783$1,247$852$572$379$50
33 years$1,710$1,181$796$526$343$42
34 years$1,642$1,119$744$484$310$35
35 years$1,577$1,061$695$446$281$29
36 years$1,517$1,007$650$411$255$25
37 years$1,460$957$609$378$231$21
38 years$1,405$909$570$349$209$17
39 years$1,354$865$534$321$190$15
40 years$1,306$823$501$296$172$12
41 years$1,260$783$469$274$156$10
42 years$1,216$746$440$252$142$9
43 years$1,174$710$413$233$129$7
44 years$1,135$677$388$215$117$6
45 years$1,097$646$364$199$106$5
46 years$1,061$616$342$184$96$4
47 years$1,027$588$321$170$87$4
48 years$994$561$302$157$79$3
49 years$962$536$284$145$72$2
50 years$932$512$267$134$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $955,000, adding $2,024 every year, while hoping to spend $55,318 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: 84/7/9 Blend
63$955,000$955,000$955,000$955,000
64$1,054,498$1,003,883$989,080$1,141,650
65$1,103,199$994,215$963,357$1,189,243
66$1,155,013$982,220$934,917$1,233,851
67$1,210,200$967,724$903,612$1,281,137
68$1,269,043$950,546$869,286$1,331,334
69$1,331,854$930,490$831,776$1,384,702
70$1,398,972$907,354$790,909$1,441,526
71$1,470,771$880,918$746,509$1,502,117
72$1,547,661$850,954$698,388$1,566,822
73$1,630,090$817,218$646,352$1,636,020
74$1,718,551$779,453$590,196$1,710,128
75$1,813,583$737,387$529,708$1,789,609
76$1,915,781$690,731$464,665$1,874,968
77$2,025,795$639,181$394,836$1,966,765
78$2,144,340$582,416$319,977$2,065,617
79$2,272,203$520,094$239,836$2,172,202
80$2,410,245$451,856$154,148$2,287,267
81$2,559,415$377,322$62,637$2,411,639
82$2,720,756$296,091$0$2,546,224
83$2,895,412$207,738$0$2,695,387
84$3,084,642$111,816$0$2,863,508
85$3,289,832$7,852$0$3,045,811
86$3,512,504$0$0$3,243,670
87$3,754,333$0$0$3,466,657
88$4,017,160$0$0$3,709,678
89$4,303,012$0$0$3,974,004
90$4,614,117$0$0$4,261,698
91$4,952,930$0$0$4,575,031
92$5,322,149$0$0$4,916,501
93$5,724,745$0$0$5,288,858
94$6,163,988$0$0$5,695,128
95$6,643,476$0$0$6,138,641
96$7,167,171$0$0$6,623,066
97$7,739,433$0$0$7,152,437
98$8,365,064$0$0$7,731,200
99$9,049,351$0$0$8,364,247
100$9,798,112$0$0$9,056,965