Can I retire at age 64 with 967,000?

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 $967,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$79,854$79,143$78,449$77,771$77,110$75,677
2 years$39,532$38,795$38,082$37,390$36,719$35,281
3 years$26,093$25,353$24,642$23,956$23,296$21,897
4 years$19,374$18,637$17,933$17,259$16,615$15,266
5 years$15,345$14,612$13,917$13,257$12,630$11,336
6 years$12,659$11,932$11,247$10,601$9,994$8,755
7 years$10,741$10,020$9,346$8,716$8,128$6,945
8 years$9,304$8,589$7,926$7,312$6,743$5,615
9 years$8,186$7,478$6,827$6,228$5,678$4,606
10 years$7,293$6,592$5,952$5,369$4,838$3,819
11 years$6,562$5,868$5,240$4,672$4,161$3,195
12 years$5,954$5,267$4,650$4,098$3,606$2,691
13 years$5,440$4,760$4,155$3,618$3,144$2,279
14 years$4,999$4,327$3,733$3,212$2,756$1,940
15 years$4,618$3,952$3,370$2,864$2,427$1,657
16 years$4,284$3,626$3,056$2,565$2,145$1,420
17 years$3,990$3,340$2,781$2,304$1,902$1,220
18 years$3,729$3,086$2,538$2,077$1,691$1,051
19 years$3,496$2,860$2,324$1,876$1,507$907
20 years$3,287$2,658$2,133$1,699$1,346$784
21 years$3,097$2,476$1,962$1,542$1,205$678
22 years$2,925$2,311$1,808$1,402$1,080$588
23 years$2,768$2,161$1,669$1,277$969$510
24 years$2,625$2,025$1,544$1,165$871$443
25 years$2,493$1,900$1,430$1,064$784$385
26 years$2,372$1,786$1,326$973$706$335
27 years$2,259$1,681$1,231$890$637$291
28 years$2,155$1,584$1,145$816$575$253
29 years$2,059$1,494$1,065$748$519$221
30 years$1,968$1,411$992$687$469$192
31 years$1,884$1,334$925$631$424$167
32 years$1,806$1,262$863$579$383$146
33 years$1,732$1,195$806$533$347$127
34 years$1,662$1,133$753$490$314$111
35 years$1,597$1,075$704$451$285$97
36 years$1,536$1,020$659$416$258$84
37 years$1,478$969$616$383$234$74
38 years$1,423$921$577$353$212$64
39 years$1,371$875$541$325$192$56
40 years$1,322$833$507$300$174$49
41 years$1,275$793$475$277$158$43
42 years$1,231$755$446$256$143$37
43 years$1,189$719$418$236$130$33
44 years$1,149$686$393$218$118$28
45 years$1,111$654$369$201$107$25
46 years$1,074$624$346$186$97$22
47 years$1,040$595$325$172$88$19
48 years$1,006$568$306$159$80$17
49 years$975$543$287$147$73$14
50 years$944$518$270$136$66$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $967,000, adding $6,874 every year, while hoping to spend $37,995 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: 38/44/18 Blend
63$967,000$967,000$967,000$967,000
64$1,072,725$1,021,474$1,006,485$1,107,451
65$1,141,716$1,031,099$999,776$1,142,690
66$1,216,471$1,039,923$991,569$1,176,625
67$1,297,538$1,047,866$981,773$1,212,503
68$1,385,519$1,054,843$970,294$1,250,521
69$1,481,076$1,060,765$957,033$1,290,895
70$1,584,938$1,065,535$941,886$1,333,868
71$1,697,907$1,069,052$924,745$1,379,708
72$1,820,865$1,071,207$905,495$1,428,713
73$1,954,783$1,071,885$884,019$1,481,216
74$2,100,728$1,070,965$860,191$1,537,582
75$2,259,876$1,068,316$833,881$1,598,222
76$2,433,521$1,063,801$804,953$1,663,587
77$2,623,086$1,057,273$773,265$1,734,181
78$2,830,139$1,048,579$738,668$1,810,560
79$3,056,407$1,037,552$701,007$1,893,342
80$3,303,787$1,024,019$660,118$1,983,213
81$3,574,373$1,007,795$615,831$2,080,931
82$3,870,466$988,685$567,969$2,187,338
83$4,194,604$966,480$516,346$2,303,365
84$4,549,578$940,963$460,768$2,430,044
85$4,938,465$911,899$401,033$2,568,519
86$5,364,649$879,043$336,929$2,720,055
87$5,831,862$842,135$268,235$2,886,053
88$6,344,212$800,899$194,720$3,068,063
89$6,906,222$755,044$116,144$3,267,800
90$7,522,876$704,261$32,255$3,487,163
91$8,199,665$648,225$0$3,728,251
92$8,942,633$586,590$0$4,004,386
93$9,758,442$518,994$0$4,314,462
94$10,654,430$445,051$0$4,655,173
95$11,638,677$364,354$0$5,029,716
96$12,720,089$276,474$0$5,441,620
97$13,908,474$180,958$0$5,894,783
98$15,214,640$77,325$0$6,393,509
99$16,650,490$0$0$6,942,549
100$18,229,141$0$0$7,564,062