Can I retire at age 64 with 1,000,000?

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 $1,000,000?

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%
1 years$82,579$81,843$81,126$80,425$79,741$76,820
2 years$40,881$40,119$39,381$38,666$37,972$35,062
3 years$26,983$26,218$25,482$24,774$24,091$21,283
4 years$20,036$19,273$18,545$17,848$17,182$14,497
5 years$15,868$15,111$14,391$13,709$13,061$10,508
6 years$13,091$12,339$11,630$10,963$10,335$7,914
7 years$11,108$10,362$9,665$9,013$8,405$6,116
8 years$9,621$8,882$8,197$7,561$6,973$4,813
9 years$8,466$7,734$7,060$6,440$5,872$3,839
10 years$7,542$6,817$6,155$5,552$5,003$3,094
11 years$6,786$6,069$5,419$4,832$4,303$2,513
12 years$6,157$5,447$4,809$4,238$3,729$2,053
13 years$5,625$4,922$4,296$3,742$3,252$1,686
14 years$5,170$4,474$3,860$3,321$2,850$1,390
15 years$4,775$4,087$3,485$2,962$2,510$1,150
16 years$4,430$3,750$3,160$2,652$2,218$953
17 years$4,126$3,454$2,875$2,383$1,967$792
18 years$3,857$3,191$2,625$2,148$1,749$659
19 years$3,615$2,958$2,403$1,940$1,559$550
20 years$3,399$2,748$2,205$1,757$1,392$459
21 years$3,203$2,560$2,029$1,595$1,246$383
22 years$3,025$2,390$1,870$1,450$1,117$321
23 years$2,863$2,235$1,726$1,321$1,002$268
24 years$2,714$2,094$1,596$1,205$901$225
25 years$2,578$1,965$1,479$1,100$811$188
26 years$2,453$1,847$1,371$1,006$730$158
27 years$2,336$1,738$1,273$921$658$132
28 years$2,229$1,638$1,184$844$594$111
29 years$2,129$1,545$1,102$774$537$93
30 years$2,036$1,459$1,026$710$485$78
31 years$1,949$1,380$957$652$438$65
32 years$1,867$1,305$893$599$396$55
33 years$1,791$1,236$833$551$359$46
34 years$1,719$1,172$779$507$325$39
35 years$1,652$1,111$728$467$294$32
36 years$1,588$1,055$681$430$267$27
37 years$1,528$1,002$637$396$242$23
38 years$1,472$952$597$365$219$19
39 years$1,418$905$559$337$199$16
40 years$1,367$861$524$310$180$14
41 years$1,319$820$492$286$163$11
42 years$1,273$781$461$264$148$10
43 years$1,230$744$433$244$135$8
44 years$1,188$709$406$225$122$7
45 years$1,149$676$381$208$111$6
46 years$1,111$645$358$192$101$5
47 years$1,075$616$336$178$91$4
48 years$1,041$588$316$164$83$3
49 years$1,008$561$297$152$75$3
50 years$976$536$279$140$69$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,000,000, adding $4,884 every year, while hoping to spend $31,469 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: 62/14/24 Blend
63$1,000,000$1,000,000$1,000,000$1,000,000
64$1,107,038$1,054,038$1,038,538$1,168,374
65$1,186,473$1,072,203$1,039,846$1,228,649
66$1,272,956$1,090,203$1,040,143$1,290,537
67$1,367,172$1,107,998$1,039,363$1,357,414
68$1,469,876$1,125,542$1,037,434$1,429,772
69$1,581,898$1,142,789$1,034,283$1,508,151
70$1,704,152$1,159,686$1,029,832$1,593,151
71$1,837,645$1,176,180$1,024,001$1,685,431
72$1,983,484$1,192,212$1,016,703$1,785,717
73$2,142,887$1,207,718$1,007,851$1,894,812
74$2,317,198$1,222,633$997,351$2,013,600
75$2,507,895$1,236,884$985,105$2,143,056
76$2,716,604$1,250,396$971,010$2,284,255
77$2,945,119$1,263,086$954,959$2,438,384
78$3,195,411$1,274,867$936,841$2,606,749
79$3,469,655$1,285,648$916,537$2,790,794
80$3,770,243$1,295,328$893,924$2,992,108
81$4,099,812$1,303,804$868,875$3,212,446
82$4,461,265$1,310,962$841,254$3,453,740
83$4,857,799$1,316,684$810,921$3,718,124
84$5,292,936$1,320,843$777,729$4,007,949
85$5,770,556$1,323,305$741,523$4,325,808
86$6,294,932$1,323,926$702,143$4,674,559
87$6,870,772$1,322,555$659,422$5,057,356
88$7,503,260$1,319,030$613,182$5,477,673
89$8,198,110$1,313,179$563,241$5,939,344
90$8,961,614$1,304,822$509,406$6,446,593
91$9,800,705$1,293,765$451,478$7,004,081
92$10,723,022$1,279,804$389,247$7,616,943
93$11,736,978$1,262,723$322,495$8,290,843
94$12,851,844$1,242,291$250,993$9,032,025
95$14,077,834$1,218,265$174,503$9,847,371
96$15,426,201$1,190,387$92,777$10,744,473
97$16,909,342$1,158,385$5,554$11,731,695
98$18,540,919$1,121,970$0$12,818,263
99$20,335,981$1,080,835$0$14,036,758
100$22,311,112$1,034,656$0$15,378,950