Can I retire at age 64 with 963,000?

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 $963,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$79,524$78,815$78,124$77,450$76,791$75,395
2 years$39,368$38,635$37,924$37,235$36,567$35,165
3 years$25,985$25,248$24,540$23,857$23,200$21,836
4 years$19,294$18,560$17,859$17,188$16,546$15,231
5 years$15,281$14,551$13,859$13,202$12,578$11,316
6 years$12,607$11,882$11,200$10,558$9,953$8,744
7 years$10,697$9,979$9,307$8,680$8,094$6,940
8 years$9,265$8,554$7,893$7,281$6,715$5,615
9 years$8,152$7,447$6,799$6,202$5,655$4,608
10 years$7,263$6,565$5,927$5,346$4,818$3,824
11 years$6,535$5,844$5,218$4,653$4,144$3,200
12 years$5,929$5,245$4,631$4,081$3,591$2,698
13 years$5,417$4,740$4,137$3,603$3,131$2,286
14 years$4,978$4,309$3,718$3,198$2,745$1,947
15 years$4,598$3,936$3,356$2,852$2,417$1,664
16 years$4,266$3,611$3,043$2,554$2,136$1,427
17 years$3,974$3,326$2,769$2,295$1,894$1,227
18 years$3,714$3,073$2,528$2,068$1,684$1,058
19 years$3,482$2,848$2,314$1,869$1,501$913
20 years$3,273$2,647$2,124$1,692$1,341$790
21 years$3,084$2,465$1,953$1,536$1,200$684
22 years$2,913$2,301$1,800$1,397$1,075$594
23 years$2,757$2,152$1,662$1,272$965$515
24 years$2,614$2,017$1,537$1,160$868$448
25 years$2,483$1,893$1,424$1,059$781$389
26 years$2,362$1,779$1,321$969$703$339
27 years$2,250$1,674$1,226$887$634$295
28 years$2,146$1,577$1,140$812$572$257
29 years$2,050$1,488$1,061$745$517$224
30 years$1,960$1,405$988$684$467$195
31 years$1,876$1,328$921$628$422$170
32 years$1,798$1,257$860$577$382$149
33 years$1,725$1,190$803$531$346$130
34 years$1,656$1,128$750$488$313$113
35 years$1,591$1,070$701$449$283$99
36 years$1,529$1,016$656$414$257$86
37 years$1,472$965$614$381$233$75
38 years$1,417$917$575$352$211$66
39 years$1,366$872$539$324$191$57
40 years$1,317$829$505$299$174$50
41 years$1,270$790$473$276$157$44
42 years$1,226$752$444$255$143$38
43 years$1,184$716$417$235$130$33
44 years$1,144$683$391$217$118$29
45 years$1,106$651$367$200$107$26
46 years$1,070$621$345$185$97$22
47 years$1,035$593$324$171$88$20
48 years$1,002$566$305$158$80$17
49 years$971$540$286$146$73$15
50 years$940$516$269$135$66$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $963,000, adding $3,567 every year, while hoping to spend $29,901 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: 66/7/27 Blend
63$963,000$963,000$963,000$963,000
64$1,064,905$1,013,866$998,940$1,127,431
65$1,141,711$1,031,731$1,000,590$1,187,898
66$1,225,349$1,049,470$1,001,293$1,250,308
67$1,316,485$1,067,043$1,000,986$1,317,880
68$1,415,849$1,084,412$999,603$1,391,124
69$1,524,250$1,101,532$997,073$1,470,605
70$1,642,572$1,118,356$993,324$1,556,943
71$1,771,793$1,134,834$988,279$1,650,824
72$1,912,988$1,150,912$981,858$1,753,002
73$2,067,339$1,166,534$973,977$1,864,312
74$2,236,150$1,181,636$964,547$1,985,672
75$2,420,854$1,196,153$953,476$2,118,094
76$2,623,032$1,210,016$940,669$2,262,695
77$2,844,422$1,223,147$926,022$2,420,706
78$3,086,941$1,235,469$909,431$2,593,486
79$3,352,696$1,246,894$890,784$2,782,530
80$3,644,011$1,257,332$869,966$2,989,490
81$3,963,445$1,266,686$846,854$3,216,186
82$4,313,815$1,274,852$821,322$3,464,623
83$4,698,224$1,281,720$793,237$3,737,015
84$5,120,093$1,287,174$762,460$4,035,800
85$5,583,185$1,291,088$728,845$4,363,667
86$6,091,649$1,293,331$692,241$4,723,583
87$6,650,054$1,293,761$652,488$5,118,814
88$7,263,434$1,292,229$609,420$5,552,965
89$7,937,333$1,288,578$562,865$6,030,010
90$8,677,861$1,282,638$512,641$6,554,328
91$9,491,746$1,274,230$458,558$7,130,747
92$10,386,403$1,263,167$400,418$7,764,593
93$11,370,000$1,249,246$338,016$8,461,732
94$12,451,535$1,232,254$271,135$9,228,634
95$13,640,924$1,211,967$199,550$10,072,432
96$14,949,089$1,188,144$123,026$11,000,986
97$16,388,066$1,160,533$41,317$12,022,964
98$17,971,115$1,128,865$0$13,147,919
99$19,712,846$1,092,857$0$14,399,600
100$21,629,357$1,052,208$0$15,789,958