Can I retire at age 64 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$91,663$90,846$90,050$89,272$88,513$88,140
2 years$45,378$44,532$43,713$42,919$42,149$41,773
3 years$29,951$29,102$28,285$27,499$26,741$26,373
4 years$22,240$21,393$20,585$19,811$19,072$18,714
5 years$17,614$16,773$15,974$15,217$14,498$14,153
6 years$14,531$13,696$12,910$12,169$11,472$11,139
7 years$12,330$11,502$10,728$10,005$9,330$9,009
8 years$10,680$9,859$9,098$8,393$7,740$7,432
9 years$9,397$8,584$7,836$7,149$6,518$6,223
10 years$8,371$7,567$6,832$6,162$5,554$5,271
11 years$7,533$6,736$6,015$5,363$4,776$4,506
12 years$6,834$6,046$5,338$4,704$4,139$3,881
13 years$6,244$5,464$4,769$4,153$3,609$3,363
14 years$5,738$4,966$4,285$3,687$3,164$2,929
15 years$5,300$4,537$3,869$3,288$2,786$2,562
16 years$4,918$4,163$3,508$2,944$2,462$2,249
17 years$4,580$3,834$3,192$2,645$2,183$1,981
18 years$4,281$3,542$2,914$2,384$1,941$1,749
19 years$4,013$3,283$2,667$2,154$1,730$1,548
20 years$3,773$3,051$2,448$1,951$1,545$1,373
21 years$3,555$2,842$2,252$1,770$1,383$1,220
22 years$3,358$2,653$2,075$1,610$1,240$1,085
23 years$3,178$2,481$1,916$1,466$1,113$967
24 years$3,013$2,324$1,772$1,337$1,000$863
25 years$2,862$2,181$1,641$1,221$900$770
26 years$2,722$2,050$1,522$1,117$811$689
27 years$2,593$1,929$1,414$1,022$731$616
28 years$2,474$1,818$1,314$936$660$552
29 years$2,363$1,715$1,223$859$596$494
30 years$2,259$1,620$1,139$788$538$443
31 years$2,163$1,531$1,062$724$486$397
32 years$2,073$1,449$991$665$440$356
33 years$1,988$1,372$925$612$398$320
34 years$1,908$1,300$864$563$361$287
35 years$1,833$1,233$808$518$327$258
36 years$1,763$1,171$756$477$296$232
37 years$1,696$1,112$708$440$268$208
38 years$1,633$1,057$663$405$243$187
39 years$1,574$1,005$621$374$220$168
40 years$1,518$956$582$345$200$151
41 years$1,464$910$546$318$181$136
42 years$1,413$867$512$293$165$123
43 years$1,365$826$480$271$149$110
44 years$1,319$787$451$250$136$99
45 years$1,275$751$423$231$123$89
46 years$1,233$716$398$213$112$80
47 years$1,193$683$373$197$102$72
48 years$1,155$652$351$182$92$65
49 years$1,119$623$330$168$84$59
50 years$1,084$595$310$156$76$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,110,000, adding $2,222 every year, while hoping to spend $46,513 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: 41/42/17 Blend
63$1,110,000$1,110,000$1,110,000$1,110,000
64$1,225,512$1,166,682$1,149,477$1,269,529
65$1,301,025$1,174,360$1,138,495$1,308,626
66$1,382,681$1,180,855$1,125,586$1,346,220
67$1,471,058$1,186,061$1,110,637$1,385,927
68$1,566,791$1,189,863$1,093,528$1,427,963
69$1,670,577$1,192,140$1,074,135$1,472,569
70$1,783,185$1,192,764$1,052,328$1,520,011
71$1,905,459$1,191,598$1,027,970$1,570,587
72$2,038,327$1,188,497$1,000,918$1,624,628
73$2,182,810$1,183,308$971,023$1,682,502
74$2,340,033$1,175,866$938,128$1,744,616
75$2,511,232$1,165,999$902,071$1,811,425
76$2,697,767$1,153,522$862,680$1,883,433
77$2,901,136$1,138,242$819,776$1,961,198
78$3,122,987$1,119,951$773,174$2,045,342
79$3,365,134$1,098,430$722,677$2,136,554
80$3,629,573$1,073,449$668,082$2,235,599
81$3,918,502$1,044,761$609,176$2,343,323
82$4,234,342$1,012,107$545,736$2,460,667
83$4,579,757$975,211$477,530$2,588,673
84$4,957,679$933,784$404,314$2,728,496
85$5,371,339$887,516$325,835$2,881,414
86$5,824,293$836,082$241,829$3,048,845
87$6,320,459$779,138$152,018$3,232,359
88$6,864,150$716,320$56,114$3,433,693
89$7,460,115$647,242$0$3,654,771
90$8,113,588$571,497$0$3,906,109
91$8,830,330$488,656$0$4,193,085
92$9,616,688$398,265$0$4,508,177
93$10,479,653$299,843$0$4,854,331
94$11,426,925$192,882$0$5,234,803
95$12,466,987$76,849$0$5,653,190
96$13,609,182$0$0$6,113,463
97$14,863,804$0$0$6,642,574
98$16,242,192$0$0$7,263,052
99$17,756,837$0$0$7,945,021
100$19,421,502$0$0$8,694,696