Can I retire at age 64 with 1,090,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$90,011$89,209$88,427$87,664$86,918$85,198
2 years$44,560$43,730$42,926$42,146$41,390$39,664
3 years$29,412$28,578$27,776$27,003$26,259$24,582
4 years$21,839$21,008$20,214$19,454$18,728$17,112
5 years$17,296$16,470$15,687$14,943$14,237$12,686
6 years$14,269$13,449$12,677$11,950$11,265$9,782
7 years$12,108$11,295$10,535$9,825$9,162$7,746
8 years$10,487$9,682$8,934$8,242$7,600$6,252
9 years$9,228$8,430$7,695$7,020$6,401$5,119
10 years$8,220$7,430$6,709$6,051$5,454$4,237
11 years$7,397$6,615$5,906$5,267$4,690$3,538
12 years$6,711$5,937$5,242$4,619$4,065$2,974
13 years$6,131$5,365$4,683$4,078$3,544$2,514
14 years$5,635$4,877$4,208$3,620$3,107$2,135
15 years$5,205$4,455$3,799$3,229$2,736$1,820
16 years$4,829$4,088$3,444$2,891$2,418$1,557
17 years$4,498$3,765$3,134$2,597$2,144$1,335
18 years$4,204$3,479$2,861$2,341$1,906$1,147
19 years$3,941$3,224$2,619$2,115$1,699$988
20 years$3,705$2,996$2,404$1,916$1,518$852
21 years$3,491$2,790$2,211$1,739$1,358$735
22 years$3,297$2,605$2,038$1,581$1,217$636
23 years$3,121$2,436$1,882$1,440$1,093$550
24 years$2,959$2,283$1,740$1,313$982$477
25 years$2,810$2,142$1,612$1,199$884$413
26 years$2,673$2,013$1,495$1,096$796$358
27 years$2,547$1,895$1,388$1,004$718$311
28 years$2,429$1,785$1,290$919$648$270
29 years$2,320$1,684$1,201$843$585$235
30 years$2,219$1,591$1,119$774$528$204
31 years$2,124$1,504$1,043$711$478$177
32 years$2,035$1,423$973$653$432$154
33 years$1,952$1,347$908$601$391$134
34 years$1,874$1,277$849$553$354$117
35 years$1,800$1,211$794$509$321$101
36 years$1,731$1,150$742$469$291$88
37 years$1,666$1,092$695$432$263$77
38 years$1,604$1,038$651$398$239$67
39 years$1,546$987$610$367$217$58
40 years$1,490$939$571$338$196$51
41 years$1,438$894$536$312$178$44
42 years$1,388$851$503$288$162$38
43 years$1,340$811$472$266$147$33
44 years$1,295$773$443$246$133$29
45 years$1,252$737$416$227$121$25
46 years$1,211$703$390$210$110$22
47 years$1,172$671$367$194$100$19
48 years$1,134$641$345$179$91$17
49 years$1,098$612$324$165$82$15
50 years$1,064$584$305$153$75$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,090,000, adding $5,317 every year, while hoping to spend $50,733 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: 60/34/6 Blend
63$1,090,000$1,090,000$1,090,000$1,090,000
64$1,206,664$1,148,894$1,131,999$1,277,369
65$1,275,765$1,151,211$1,115,942$1,327,637
66$1,350,213$1,151,940$1,097,646$1,376,124
67$1,430,501$1,150,952$1,076,983$1,427,716
68$1,517,169$1,148,105$1,053,819$1,482,714
69$1,610,811$1,143,253$1,028,013$1,541,449
70$1,712,080$1,136,239$999,418$1,604,286
71$1,821,692$1,126,895$967,879$1,671,632
72$1,940,437$1,115,045$933,235$1,743,935
73$2,069,181$1,100,502$895,318$1,821,692
74$2,208,878$1,083,067$853,951$1,905,450
75$2,360,576$1,062,530$808,951$1,995,817
76$2,525,429$1,038,667$760,125$2,093,465
77$2,704,705$1,011,245$707,272$2,199,135
78$2,899,801$980,011$650,181$2,313,649
79$3,112,251$944,702$588,632$2,437,914
80$3,343,746$905,038$522,397$2,572,935
81$3,596,147$860,723$451,236$2,719,820
82$3,871,499$811,444$374,897$2,879,796
83$4,172,056$756,869$293,121$3,054,219
84$4,500,299$696,649$205,633$3,244,588
85$4,858,957$630,412$112,150$3,452,556
86$5,251,037$557,768$12,373$3,679,956
87$5,679,847$478,304$0$3,928,807
88$6,149,032$391,581$0$4,207,369
89$6,662,604$297,139$0$4,513,321
90$7,224,981$194,490$0$4,848,618
91$7,841,028$83,120$0$5,216,293
92$8,516,104$0$0$5,619,695
93$9,256,109$0$0$6,076,557
94$10,067,543$0$0$6,611,704
95$10,957,563$0$0$7,198,769
96$11,934,054$0$0$7,842,964
97$13,005,699$0$0$8,550,030
98$14,182,066$0$0$9,326,289
99$15,473,689$0$0$10,178,707
100$16,892,178$0$0$11,114,958