Can I retire at age 64 with 1,100,000?

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 $1,100,000?

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 years$90,837$90,028$89,238$88,468$87,716$84,536
2 years$44,969$44,131$43,320$42,533$41,769$38,601
3 years$29,681$28,840$28,031$27,251$26,500$23,443
4 years$22,039$21,201$20,399$19,633$18,900$15,977
5 years$17,455$16,622$15,831$15,080$14,368$11,586
6 years$14,400$13,573$12,793$12,060$11,369$8,730
7 years$12,219$11,398$10,631$9,915$9,246$6,751
8 years$10,583$9,771$9,016$8,317$7,670$5,316
9 years$9,312$8,507$7,766$7,084$6,459$4,243
10 years$8,296$7,499$6,770$6,107$5,504$3,421
11 years$7,465$6,675$5,960$5,315$4,733$2,780
12 years$6,773$5,992$5,290$4,662$4,102$2,274
13 years$6,188$5,415$4,726$4,116$3,577$1,868
14 years$5,687$4,922$4,246$3,653$3,135$1,541
15 years$5,253$4,496$3,834$3,258$2,761$1,276
16 years$4,873$4,125$3,476$2,917$2,440$1,059
17 years$4,539$3,799$3,163$2,621$2,163$880
18 years$4,242$3,510$2,887$2,362$1,924$733
19 years$3,977$3,253$2,643$2,135$1,715$612
20 years$3,739$3,023$2,426$1,933$1,531$511
21 years$3,523$2,816$2,231$1,755$1,371$427
22 years$3,327$2,629$2,057$1,595$1,228$358
23 years$3,149$2,459$1,899$1,453$1,103$299
24 years$2,986$2,304$1,756$1,325$991$251
25 years$2,836$2,162$1,627$1,210$892$210
26 years$2,698$2,032$1,509$1,106$803$176
27 years$2,570$1,912$1,401$1,013$724$148
28 years$2,452$1,802$1,302$928$654$124
29 years$2,342$1,700$1,212$851$590$104
30 years$2,239$1,605$1,129$781$533$87
31 years$2,143$1,517$1,052$717$482$73
32 years$2,054$1,436$982$659$436$62
33 years$1,970$1,360$917$606$395$52
34 years$1,891$1,289$857$558$357$43
35 years$1,817$1,222$801$513$324$37
36 years$1,747$1,160$749$473$293$31
37 years$1,681$1,102$701$436$266$26
38 years$1,619$1,047$657$402$241$22
39 years$1,560$996$615$370$218$18
40 years$1,504$947$577$342$198$15
41 years$1,451$902$541$315$180$13
42 years$1,400$859$507$291$163$11
43 years$1,353$818$476$268$148$9
44 years$1,307$780$447$248$134$8
45 years$1,264$744$419$229$122$6
46 years$1,222$710$394$211$111$5
47 years$1,183$677$370$195$101$5
48 years$1,145$646$348$180$91$4
49 years$1,109$617$327$167$83$3
50 years$1,074$590$307$154$75$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,100,000, adding $6,096 every year, while hoping to spend $56,123 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: 55/21/24 Blend
63$1,100,000$1,100,000$1,100,000$1,100,000
64$1,218,488$1,160,188$1,143,138$1,277,179
65$1,283,059$1,157,323$1,121,719$1,315,285
66$1,352,336$1,152,436$1,097,701$1,350,379
67$1,426,739$1,145,370$1,070,938$1,387,424
68$1,506,729$1,135,956$1,041,277$1,426,624
69$1,592,814$1,124,016$1,008,559$1,468,208
70$1,685,550$1,109,362$972,615$1,512,430
71$1,785,548$1,091,793$933,270$1,559,574
72$1,893,481$1,071,098$890,341$1,609,953
73$2,010,086$1,047,052$843,637$1,663,920
74$2,136,174$1,019,416$792,958$1,721,863
75$2,272,636$987,940$738,095$1,784,215
76$2,420,452$952,356$678,828$1,851,459
77$2,580,700$912,384$614,931$1,924,127
78$2,754,564$867,723$546,163$2,002,814
79$2,943,347$818,059$472,277$2,088,177
80$3,148,482$763,057$393,012$2,180,949
81$3,371,545$702,366$308,097$2,281,938
82$3,614,272$635,611$217,247$2,392,045
83$3,878,570$562,398$120,167$2,512,265
84$4,166,539$482,310$16,547$2,643,704
85$4,480,490$394,907$0$2,787,584
86$4,822,966$299,724$0$2,969,342
87$5,196,767$196,269$0$3,172,486
88$5,604,974$84,023$0$3,394,528
89$6,050,980$0$0$3,637,402
90$6,538,519$0$0$3,911,923
91$7,071,702$0$0$4,233,476
92$7,655,057$0$0$4,585,388
93$8,293,569$0$0$4,970,678
94$8,992,726$0$0$5,392,672
95$9,758,573$0$0$5,855,031
96$10,597,768$0$0$6,361,788
97$11,517,640$0$0$6,917,385
98$12,526,265$0$0$7,526,713
99$13,632,536$0$0$8,195,162
100$14,846,246$0$0$8,928,665