Can I retire at age 64 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$93,314$92,483$91,672$90,881$90,108$89,502
2 years$46,195$45,335$44,501$43,693$42,908$42,298
3 years$30,491$29,627$28,795$27,994$27,223$26,626
4 years$22,640$21,779$20,955$20,168$19,416$18,837
5 years$17,931$17,075$16,262$15,491$14,759$14,201
6 years$14,793$13,943$13,142$12,388$11,679$11,141
7 years$12,552$11,709$10,921$10,185$9,498$8,981
8 years$10,872$10,037$9,262$8,544$7,879$7,384
9 years$9,566$8,739$7,978$7,278$6,636$6,161
10 years$8,522$7,703$6,955$6,273$5,654$5,200
11 years$7,668$6,858$6,123$5,460$4,862$4,429
12 years$6,957$6,155$5,434$4,789$4,214$3,800
13 years$6,356$5,562$4,855$4,228$3,674$3,280
14 years$5,842$5,056$4,362$3,753$3,221$2,846
15 years$5,396$4,619$3,938$3,347$2,836$2,479
16 years$5,006$4,238$3,571$2,997$2,506$2,168
17 years$4,663$3,903$3,249$2,693$2,222$1,901
18 years$4,358$3,606$2,966$2,427$1,976$1,672
19 years$4,085$3,342$2,715$2,193$1,761$1,473
20 years$3,841$3,106$2,492$1,986$1,573$1,301
21 years$3,619$2,893$2,292$1,802$1,408$1,151
22 years$3,418$2,700$2,113$1,639$1,262$1,019
23 years$3,235$2,526$1,951$1,492$1,133$904
24 years$3,067$2,366$1,804$1,361$1,018$803
25 years$2,913$2,221$1,671$1,243$916$714
26 years$2,771$2,087$1,550$1,137$825$635
27 years$2,640$1,964$1,439$1,040$744$565
28 years$2,519$1,851$1,338$953$671$504
29 years$2,405$1,746$1,245$874$606$449
30 years$2,300$1,649$1,160$802$548$401
31 years$2,202$1,559$1,081$737$495$358
32 years$2,110$1,475$1,009$677$448$319
33 years$2,024$1,397$942$623$405$285
34 years$1,943$1,324$880$573$367$255
35 years$1,866$1,256$823$527$332$228
36 years$1,795$1,192$770$486$301$204
37 years$1,727$1,132$720$448$273$182
38 years$1,663$1,076$675$413$248$163
39 years$1,602$1,023$632$380$224$146
40 years$1,545$973$592$351$204$130
41 years$1,490$926$555$324$185$117
42 years$1,439$882$521$299$168$104
43 years$1,389$841$489$276$152$93
44 years$1,343$801$459$255$138$84
45 years$1,298$764$431$235$125$75
46 years$1,255$729$405$217$114$67
47 years$1,215$696$380$201$103$60
48 years$1,176$664$357$185$94$54
49 years$1,139$634$336$171$85$48
50 years$1,103$606$316$158$77$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,130,000, adding $5,593 every year, while hoping to spend $21,023 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: 70/25/5 Blend
63$1,130,000$1,130,000$1,130,000$1,130,000
64$1,251,029$1,191,139$1,173,624$1,337,575
65$1,356,266$1,227,137$1,190,572$1,431,471
66$1,471,532$1,264,193$1,207,384$1,531,035
67$1,597,829$1,302,339$1,224,031$1,639,386
68$1,736,258$1,341,604$1,240,487$1,757,382
69$1,888,033$1,382,020$1,256,720$1,885,965
70$2,054,492$1,423,619$1,272,700$2,026,175
71$2,237,107$1,466,433$1,288,392$2,179,153
72$2,437,500$1,510,497$1,303,762$2,346,159
73$2,657,458$1,555,844$1,318,770$2,528,577
74$2,898,949$1,602,510$1,333,379$2,727,933
75$3,164,140$1,650,531$1,347,545$2,945,906
76$3,455,419$1,699,944$1,361,226$3,184,347
77$3,775,418$1,750,788$1,374,373$3,445,292
78$4,127,035$1,803,100$1,386,938$3,730,984
79$4,513,462$1,856,922$1,398,870$4,043,895
80$4,938,217$1,912,293$1,410,114$4,386,746
81$5,405,175$1,969,255$1,420,613$4,762,534
82$5,918,605$2,027,851$1,430,306$5,174,561
83$6,483,212$2,088,124$1,439,130$5,626,463
84$7,104,177$2,150,120$1,447,018$6,122,246
85$7,787,210$2,213,883$1,453,901$6,666,324
86$8,538,603$2,279,460$1,459,703$7,263,558
87$9,365,286$2,346,900$1,464,349$7,919,302
88$10,274,897$2,416,249$1,467,756$8,639,458
89$11,275,850$2,487,559$1,469,840$9,430,525
90$12,377,417$2,560,880$1,470,510$10,299,663
91$13,589,814$2,636,264$1,469,673$11,254,763
92$14,924,297$2,713,763$1,467,229$12,304,516
93$16,393,270$2,793,432$1,463,076$13,458,499
94$18,010,399$2,875,326$1,457,104$14,727,264
95$19,790,743$2,959,500$1,449,201$16,122,435
96$21,750,896$3,046,012$1,439,246$17,656,823
97$23,909,142$3,134,921$1,427,115$19,344,540
98$26,285,627$3,226,285$1,412,676$21,201,137
99$28,902,553$3,320,165$1,395,793$23,243,749
100$31,784,384$3,416,623$1,376,322$25,491,255