Can I retire at age 64 with 1,010,000?

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$83,405$82,662$81,937$81,230$80,539$77,466
2 years$41,290$40,521$39,775$39,053$38,352$35,292
3 years$27,253$26,481$25,737$25,021$24,332$21,382
4 years$20,236$19,466$18,730$18,027$17,354$14,535
5 years$16,027$15,262$14,535$13,846$13,192$10,513
6 years$13,222$12,462$11,747$11,073$10,438$7,900
7 years$11,219$10,466$9,762$9,104$8,489$6,091
8 years$9,717$8,971$8,279$7,637$7,043$4,782
9 years$8,550$7,811$7,130$6,505$5,931$3,805
10 years$7,617$6,885$6,216$5,607$5,053$3,059
11 years$6,854$6,129$5,473$4,880$4,346$2,478
12 years$6,219$5,501$4,857$4,280$3,766$2,019
13 years$5,681$4,972$4,339$3,779$3,284$1,654
14 years$5,221$4,519$3,899$3,355$2,879$1,360
15 years$4,823$4,128$3,520$2,992$2,535$1,121
16 years$4,475$3,788$3,192$2,679$2,240$927
17 years$4,168$3,488$2,904$2,407$1,986$768
18 years$3,895$3,223$2,651$2,169$1,766$637
19 years$3,652$2,987$2,427$1,960$1,574$530
20 years$3,433$2,776$2,227$1,775$1,406$441
21 years$3,235$2,586$2,049$1,611$1,258$367
22 years$3,055$2,414$1,888$1,465$1,128$306
23 years$2,891$2,257$1,743$1,334$1,013$255
24 years$2,742$2,115$1,612$1,217$910$213
25 years$2,604$1,985$1,493$1,111$819$178
26 years$2,477$1,865$1,385$1,016$738$149
27 years$2,360$1,756$1,286$930$665$124
28 years$2,251$1,654$1,196$852$600$104
29 years$2,150$1,561$1,113$781$542$87
30 years$2,056$1,474$1,036$717$490$72
31 years$1,968$1,393$966$659$443$61
32 years$1,886$1,318$901$605$400$51
33 years$1,809$1,248$842$557$362$42
34 years$1,736$1,183$786$512$328$35
35 years$1,668$1,122$735$471$297$30
36 years$1,604$1,065$688$434$269$25
37 years$1,544$1,012$644$400$244$21
38 years$1,486$962$603$369$221$17
39 years$1,432$914$565$340$201$15
40 years$1,381$870$529$314$182$12
41 years$1,332$828$496$289$165$10
42 years$1,286$789$466$267$150$9
43 years$1,242$751$437$246$136$7
44 years$1,200$716$410$228$123$6
45 years$1,160$683$385$210$112$5
46 years$1,122$652$362$194$102$4
47 years$1,086$622$340$179$92$3
48 years$1,051$594$319$166$84$3
49 years$1,018$567$300$153$76$2
50 years$986$541$282$142$69$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,010,000, adding $3,998 every year, while hoping to spend $37,396 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: 29/41/30 Blend
63$1,010,000$1,010,000$1,010,000$1,010,000
64$1,117,144$1,063,614$1,047,959$1,139,140
65$1,191,304$1,075,942$1,043,277$1,169,313
66$1,271,774$1,087,621$1,037,184$1,198,238
67$1,359,160$1,098,579$1,029,594$1,228,602
68$1,454,125$1,108,740$1,020,417$1,260,556
69$1,557,402$1,118,024$1,009,556$1,294,269
70$1,669,793$1,126,344$996,913$1,329,930
71$1,792,186$1,133,608$982,383$1,367,750
72$1,925,552$1,139,719$965,856$1,407,966
73$2,070,964$1,144,571$947,219$1,450,838
74$2,229,603$1,148,055$926,350$1,496,660
75$2,402,765$1,150,052$903,126$1,545,756
76$2,591,881$1,150,439$877,415$1,598,490
77$2,798,524$1,149,081$849,079$1,655,265
78$3,024,426$1,145,839$817,976$1,716,529
79$3,271,494$1,140,562$783,955$1,782,782
80$3,541,828$1,133,091$746,859$1,854,576
81$3,837,741$1,123,259$706,525$1,932,529
82$4,161,778$1,110,886$662,781$2,017,323
83$4,516,743$1,095,783$615,448$2,109,719
84$4,905,724$1,077,750$564,339$2,210,558
85$5,332,123$1,056,574$509,259$2,320,776
86$5,799,683$1,032,030$450,003$2,441,409
87$6,312,530$1,003,879$386,358$2,573,608
88$6,875,208$971,869$318,101$2,718,647
89$7,492,722$935,733$244,999$2,877,937
90$8,170,583$895,188$166,810$3,053,045
91$8,914,865$849,934$83,281$3,245,704
92$9,732,256$799,656$0$3,457,833
93$10,630,126$744,019$0$3,693,434
94$11,616,592$682,669$0$3,981,555
95$12,700,596$615,231$0$4,298,206
96$13,891,990$541,311$0$4,646,364
97$15,201,629$460,491$0$5,029,318
98$16,641,469$372,330$0$5,450,698
99$18,224,686$276,360$0$5,914,514
100$19,965,792$172,091$0$6,425,191