Can I retire at age 64 with 957,000?

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 $957,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$79,028$78,324$77,637$76,967$76,313$73,546
2 years$39,123$38,394$37,688$37,003$36,339$33,583
3 years$25,823$25,091$24,387$23,708$23,055$20,395
4 years$19,174$18,445$17,747$17,081$16,443$13,900
5 years$15,186$14,461$13,773$13,120$12,500$10,080
6 years$12,528$11,808$11,130$10,492$9,891$7,595
7 years$10,630$9,917$9,249$8,626$8,044$5,873
8 years$9,208$8,500$7,844$7,236$6,673$4,625
9 years$8,102$7,401$6,756$6,164$5,620$3,691
10 years$7,217$6,524$5,890$5,313$4,788$2,977
11 years$6,494$5,808$5,186$4,624$4,118$2,419
12 years$5,892$5,213$4,602$4,056$3,569$1,978
13 years$5,383$4,711$4,112$3,581$3,112$1,626
14 years$4,947$4,282$3,694$3,178$2,728$1,341
15 years$4,570$3,912$3,336$2,835$2,402$1,110
16 years$4,240$3,589$3,024$2,538$2,123$921
17 years$3,949$3,305$2,752$2,280$1,882$766
18 years$3,691$3,054$2,512$2,055$1,674$638
19 years$3,460$2,831$2,300$1,857$1,492$532
20 years$3,253$2,630$2,111$1,682$1,332$445
21 years$3,065$2,450$1,941$1,526$1,192$372
22 years$2,895$2,287$1,789$1,388$1,069$311
23 years$2,740$2,139$1,652$1,264$959$260
24 years$2,598$2,004$1,528$1,153$862$218
25 years$2,467$1,881$1,415$1,053$776$183
26 years$2,347$1,768$1,312$963$699$153
27 years$2,236$1,663$1,219$881$630$129
28 years$2,133$1,568$1,133$807$569$108
29 years$2,037$1,479$1,054$740$513$91
30 years$1,948$1,397$982$679$464$76
31 years$1,865$1,320$916$624$419$64
32 years$1,787$1,249$854$573$379$54
33 years$1,714$1,183$798$527$343$45
34 years$1,645$1,121$745$485$311$38
35 years$1,581$1,063$697$447$282$32
36 years$1,520$1,009$652$411$255$27
37 years$1,463$959$610$379$231$22
38 years$1,408$911$571$349$210$19
39 years$1,357$866$535$322$190$16
40 years$1,308$824$502$297$172$13
41 years$1,262$785$470$274$156$11
42 years$1,218$747$441$253$142$9
43 years$1,177$712$414$234$129$8
44 years$1,137$679$389$216$117$7
45 years$1,099$647$365$199$106$6
46 years$1,063$617$343$184$96$5
47 years$1,029$589$322$170$88$4
48 years$996$562$303$157$79$3
49 years$964$537$284$145$72$3
50 years$934$513$267$134$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $957,000, adding $6,813 every year, while hoping to spend $42,104 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: 59/36/5 Blend
63$957,000$957,000$957,000$957,000
64$1,061,642$1,010,921$996,087$1,122,936
65$1,125,131$1,015,657$984,658$1,169,534
66$1,193,685$1,019,215$971,434$1,214,879
67$1,267,775$1,021,492$956,312$1,263,245
68$1,347,922$1,022,378$939,182$1,314,923
69$1,434,695$1,021,759$919,929$1,370,236
70$1,528,721$1,019,513$898,434$1,429,538
71$1,630,690$1,015,508$874,571$1,493,221
72$1,741,359$1,009,608$848,209$1,561,721
73$1,861,564$1,001,665$819,210$1,635,517
74$1,992,222$991,524$787,432$1,715,140
75$2,134,341$979,021$752,723$1,801,176
76$2,289,031$963,981$714,927$1,894,273
77$2,457,516$946,219$673,880$1,995,147
78$2,641,138$925,540$629,411$2,104,590
79$2,841,378$901,735$581,340$2,223,477
80$3,059,864$874,585$529,480$2,352,772
81$3,298,388$843,858$473,636$2,493,545
82$3,558,924$809,308$413,603$2,646,975
83$3,843,644$770,674$349,169$2,814,365
84$4,154,940$727,680$280,109$2,997,154
85$4,495,443$680,036$206,193$3,196,933
86$4,868,054$627,434$127,176$3,415,458
87$5,275,965$569,547$42,806$3,654,668
88$5,722,690$506,032$0$3,916,706
89$6,212,102$436,526$0$4,206,458
90$6,748,464$360,642$0$4,526,615
91$7,336,470$277,977$0$4,877,792
92$7,981,292$188,100$0$5,263,190
93$8,688,626$90,558$0$5,686,339
94$9,464,745$0$0$6,151,139
95$10,316,559$0$0$6,667,884
96$11,251,680$0$0$7,274,630
97$12,278,493$0$0$7,940,952
98$13,406,234$0$0$8,672,855
99$14,645,077$0$0$9,476,952
100$16,006,232$0$0$10,360,531