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

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$90,011$89,209$88,427$87,664$86,918$84,748
2 years$44,560$43,730$42,926$42,146$41,390$39,217
3 years$29,412$28,578$27,776$27,003$26,259$24,152
4 years$21,839$21,008$20,214$19,454$18,728$16,703
5 years$17,296$16,470$15,687$14,943$14,237$12,299
6 years$14,269$13,449$12,677$11,950$11,265$9,416
7 years$12,108$11,295$10,535$9,825$9,162$7,402
8 years$10,487$9,682$8,934$8,242$7,600$5,930
9 years$9,228$8,430$7,695$7,020$6,401$4,817
10 years$8,220$7,430$6,709$6,051$5,454$3,955
11 years$7,397$6,615$5,906$5,267$4,690$3,275
12 years$6,711$5,937$5,242$4,619$4,065$2,730
13 years$6,131$5,365$4,683$4,078$3,544$2,288
14 years$5,635$4,877$4,208$3,620$3,107$1,926
15 years$5,205$4,455$3,799$3,229$2,736$1,627
16 years$4,829$4,088$3,444$2,891$2,418$1,379
17 years$4,498$3,765$3,134$2,597$2,144$1,171
18 years$4,204$3,479$2,861$2,341$1,906$997
19 years$3,941$3,224$2,619$2,115$1,699$850
20 years$3,705$2,996$2,404$1,916$1,518$726
21 years$3,491$2,790$2,211$1,739$1,358$621
22 years$3,297$2,605$2,038$1,581$1,217$531
23 years$3,121$2,436$1,882$1,440$1,093$455
24 years$2,959$2,283$1,740$1,313$982$390
25 years$2,810$2,142$1,612$1,199$884$335
26 years$2,673$2,013$1,495$1,096$796$287
27 years$2,547$1,895$1,388$1,004$718$247
28 years$2,429$1,785$1,290$919$648$212
29 years$2,320$1,684$1,201$843$585$182
30 years$2,219$1,591$1,119$774$528$157
31 years$2,124$1,504$1,043$711$478$135
32 years$2,035$1,423$973$653$432$116
33 years$1,952$1,347$908$601$391$100
34 years$1,874$1,277$849$553$354$86
35 years$1,800$1,211$794$509$321$74
36 years$1,731$1,150$742$469$291$64
37 years$1,666$1,092$695$432$263$55
38 years$1,604$1,038$651$398$239$47
39 years$1,546$987$610$367$217$41
40 years$1,490$939$571$338$196$35
41 years$1,438$894$536$312$178$30
42 years$1,388$851$503$288$162$26
43 years$1,340$811$472$266$147$22
44 years$1,295$773$443$246$133$19
45 years$1,252$737$416$227$121$17
46 years$1,211$703$390$210$110$14
47 years$1,172$671$367$194$100$12
48 years$1,134$641$345$179$91$11
49 years$1,098$612$324$165$82$9
50 years$1,064$584$305$153$75$8

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 $2,917 every year, while hoping to spend $49,051 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: 50/45/5 Blend
63$1,090,000$1,090,000$1,090,000$1,090,000
64$1,204,189$1,146,419$1,129,524$1,262,818
65$1,274,826$1,150,404$1,115,173$1,307,004
66$1,351,025$1,152,939$1,098,697$1,349,458
67$1,433,300$1,153,904$1,079,974$1,394,405
68$1,522,217$1,153,166$1,058,875$1,442,091
69$1,618,400$1,150,588$1,035,264$1,492,786
70$1,722,533$1,146,023$1,009,001$1,546,790
71$1,835,367$1,139,314$979,938$1,604,437
72$1,957,731$1,130,296$947,922$1,666,095
73$2,090,532$1,118,794$912,791$1,732,177
74$2,234,773$1,104,621$874,376$1,803,135
75$2,391,553$1,087,581$832,500$1,879,476
76$2,562,083$1,067,463$786,980$1,961,756
77$2,747,694$1,044,048$737,623$2,050,597
78$2,949,852$1,017,100$684,227$2,146,685
79$3,170,171$986,371$626,582$2,250,779
80$3,410,423$951,599$564,468$2,363,724
81$3,672,564$912,505$497,655$2,486,453
82$3,958,743$868,795$425,904$2,619,998
83$4,271,327$820,158$348,964$2,765,505
84$4,612,921$766,265$266,573$2,924,240
85$4,986,395$706,767$178,459$3,097,607
86$5,394,906$641,298$84,336$3,287,156
87$5,841,932$569,466$0$3,494,605
88$6,331,301$490,863$0$3,722,714
89$6,867,232$405,053$0$3,977,583
90$7,454,367$311,578$0$4,257,049
91$8,097,820$209,953$0$4,563,702
92$8,803,223$99,666$0$4,900,403
93$9,576,779$0$0$5,270,315
94$10,425,320$0$0$5,686,749
95$11,356,372$0$0$6,197,944
96$12,378,222$0$0$6,759,112
97$13,500,000$0$0$7,375,281
98$14,731,766$0$0$8,051,992
99$16,084,596$0$0$8,795,348
100$17,570,696$0$0$9,612,070