Can I retire at age 64 with 959,000?

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 $959,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$79,193$78,488$77,800$77,128$76,472$76,022
2 years$39,205$38,474$37,767$37,081$36,415$35,961
3 years$25,877$25,143$24,438$23,758$23,103$22,659
4 years$19,214$18,483$17,784$17,116$16,477$16,047
5 years$15,218$14,491$13,801$13,147$12,526$12,110
6 years$12,554$11,833$11,154$10,514$9,911$9,511
7 years$10,652$9,937$9,269$8,644$8,061$7,676
8 years$9,227$8,518$7,861$7,251$6,687$6,318
9 years$8,119$7,417$6,770$6,176$5,631$5,277
10 years$7,232$6,537$5,903$5,324$4,798$4,459
11 years$6,508$5,820$5,196$4,634$4,127$3,803
12 years$5,905$5,224$4,612$4,064$3,576$3,267
13 years$5,395$4,721$4,120$3,588$3,118$2,824
14 years$4,958$4,291$3,702$3,185$2,734$2,453
15 years$4,579$3,920$3,342$2,841$2,407$2,140
16 years$4,249$3,596$3,030$2,543$2,127$1,874
17 years$3,957$3,312$2,758$2,285$1,886$1,645
18 years$3,698$3,061$2,517$2,059$1,677$1,449
19 years$3,467$2,836$2,304$1,861$1,495$1,279
20 years$3,259$2,636$2,115$1,685$1,335$1,131
21 years$3,071$2,455$1,945$1,530$1,195$1,002
22 years$2,901$2,292$1,793$1,391$1,071$889
23 years$2,745$2,143$1,655$1,267$961$789
24 years$2,603$2,008$1,531$1,155$864$702
25 years$2,472$1,885$1,418$1,055$778$625
26 years$2,352$1,771$1,315$965$700$557
27 years$2,241$1,667$1,221$883$631$497
28 years$2,137$1,571$1,135$809$570$443
29 years$2,041$1,482$1,056$742$515$396
30 years$1,952$1,399$984$681$465$354
31 years$1,869$1,323$917$625$420$316
32 years$1,791$1,252$856$575$380$283
33 years$1,717$1,185$799$528$344$253
34 years$1,649$1,124$747$486$312$226
35 years$1,584$1,066$698$448$282$203
36 years$1,523$1,011$653$412$256$182
37 years$1,466$961$611$380$232$163
38 years$1,411$913$572$350$210$146
39 years$1,360$868$536$323$190$131
40 years$1,311$826$503$298$173$117
41 years$1,265$786$471$275$157$105
42 years$1,221$749$442$254$142$94
43 years$1,179$713$415$234$129$84
44 years$1,139$680$389$216$117$76
45 years$1,102$649$366$200$106$68
46 years$1,065$619$343$184$97$61
47 years$1,031$590$323$170$88$55
48 years$998$564$303$157$80$49
49 years$966$538$285$145$72$44
50 years$936$514$268$134$66$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $959,000, adding $6,839 every year, while hoping to spend $23,627 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: 65/12/23 Blend
63$959,000$959,000$959,000$959,000
64$1,063,872$1,013,045$998,181$1,126,283
65$1,147,248$1,037,546$1,006,481$1,193,634
66$1,238,337$1,062,455$1,014,267$1,263,930
67$1,337,900$1,087,767$1,021,498$1,340,218
68$1,446,775$1,113,478$1,028,128$1,423,085
69$1,565,887$1,139,579$1,034,111$1,513,182
70$1,696,252$1,166,062$1,039,398$1,611,224
71$1,838,989$1,192,919$1,043,937$1,718,000
72$1,995,332$1,220,138$1,047,675$1,834,380
73$2,166,637$1,247,706$1,050,553$1,961,319
74$2,354,401$1,275,611$1,052,514$2,099,874
75$2,560,270$1,303,836$1,053,493$2,251,208
76$2,786,058$1,332,364$1,053,426$2,416,601
77$3,033,763$1,361,176$1,052,242$2,597,466
78$3,305,584$1,390,252$1,049,869$2,795,359
79$3,603,946$1,419,566$1,046,233$3,011,996
80$3,931,518$1,449,095$1,041,251$3,249,267
81$4,291,242$1,478,810$1,034,842$3,509,255
82$4,686,357$1,508,680$1,026,918$3,794,256
83$5,120,433$1,538,672$1,017,386$4,106,801
84$5,597,400$1,568,750$1,006,152$4,449,679
85$6,121,590$1,598,874$993,113$4,825,963
86$6,697,775$1,629,002$978,165$5,239,042
87$7,331,212$1,659,087$961,198$5,692,648
88$8,027,693$1,689,080$942,096$6,190,897
89$8,793,599$1,718,926$920,737$6,738,325
90$9,635,961$1,748,568$896,996$7,339,929
91$10,562,524$1,777,942$870,741$8,001,220
92$11,581,822$1,806,983$841,832$8,728,270
93$12,703,260$1,835,617$810,125$9,527,769
94$13,937,198$1,863,767$775,469$10,407,095
95$15,295,050$1,891,350$737,706$11,374,376
96$16,789,395$1,918,276$696,669$12,438,571
97$18,434,093$1,944,451$652,187$13,609,554
98$20,244,413$1,969,772$604,078$14,898,209
99$22,237,183$1,994,130$552,154$16,316,529
100$24,430,942$2,017,409$496,217$17,877,734