Can I retire at age 64 with 1,150,000?

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 $1,150,000?

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$94,966$94,120$93,295$92,489$91,703$91,316
2 years$47,013$46,137$45,289$44,466$43,668$43,278
3 years$31,031$30,151$29,305$28,490$27,705$27,323
4 years$23,041$22,164$21,326$20,525$19,759$19,389
5 years$18,248$17,377$16,550$15,765$15,021$14,663
6 years$15,055$14,190$13,375$12,608$11,885$11,540
7 years$12,774$11,916$11,115$10,365$9,666$9,334
8 years$11,064$10,215$9,426$8,695$8,019$7,700
9 years$9,735$8,894$8,119$7,407$6,753$6,447
10 years$8,673$7,839$7,078$6,384$5,754$5,461
11 years$7,804$6,979$6,231$5,556$4,949$4,668
12 years$7,081$6,264$5,530$4,874$4,288$4,020
13 years$6,469$5,661$4,941$4,303$3,739$3,484
14 years$5,945$5,145$4,439$3,820$3,278$3,034
15 years$5,491$4,700$4,008$3,406$2,886$2,654
16 years$5,095$4,313$3,634$3,050$2,551$2,330
17 years$4,745$3,972$3,307$2,740$2,262$2,052
18 years$4,435$3,670$3,019$2,470$2,011$1,812
19 years$4,158$3,401$2,763$2,232$1,792$1,604
20 years$3,908$3,161$2,536$2,021$1,601$1,422
21 years$3,683$2,944$2,333$1,834$1,433$1,264
22 years$3,479$2,748$2,150$1,668$1,284$1,124
23 years$3,292$2,570$1,985$1,519$1,153$1,002
24 years$3,122$2,408$1,836$1,385$1,036$894
25 years$2,965$2,260$1,700$1,265$932$798
26 years$2,820$2,124$1,577$1,157$840$713
27 years$2,687$1,999$1,464$1,059$757$638
28 years$2,563$1,884$1,361$970$683$571
29 years$2,448$1,777$1,267$890$617$512
30 years$2,341$1,678$1,180$816$557$459
31 years$2,241$1,586$1,100$750$504$411
32 years$2,147$1,501$1,026$689$456$369
33 years$2,059$1,422$958$634$413$331
34 years$1,977$1,347$895$583$374$298
35 years$1,900$1,278$837$537$338$267
36 years$1,826$1,213$783$494$307$240
37 years$1,758$1,152$733$455$278$216
38 years$1,692$1,095$686$420$252$194
39 years$1,631$1,041$643$387$228$175
40 years$1,572$990$603$357$207$157
41 years$1,517$943$565$329$188$141
42 years$1,464$898$530$304$171$127
43 years$1,414$856$498$281$155$114
44 years$1,366$816$467$259$141$103
45 years$1,321$778$439$239$128$93
46 years$1,278$742$412$221$116$83
47 years$1,236$708$387$204$105$75
48 years$1,197$676$364$189$96$68
49 years$1,159$645$342$174$87$61
50 years$1,123$617$321$161$79$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,150,000, adding $3,090 every year, while hoping to spend $39,005 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: 74/15/11 Blend
63$1,150,000$1,150,000$1,150,000$1,150,000
64$1,270,487$1,209,537$1,191,712$1,361,582
65$1,358,576$1,227,304$1,190,134$1,439,899
66$1,454,342$1,244,633$1,187,195$1,520,500
67$1,558,529$1,261,463$1,182,809$1,607,728
68$1,671,951$1,277,728$1,176,886$1,702,228
69$1,795,507$1,293,354$1,169,329$1,804,709
70$1,930,187$1,308,266$1,160,039$1,915,956
71$2,077,077$1,322,382$1,148,911$2,036,830
72$2,237,375$1,335,615$1,135,836$2,168,282
73$2,412,399$1,347,872$1,120,699$2,311,359
74$2,603,601$1,359,054$1,103,379$2,467,216
75$2,812,577$1,369,057$1,083,751$2,637,123
76$3,041,085$1,377,766$1,061,682$2,822,483
77$3,291,063$1,385,064$1,037,036$3,024,841
78$3,564,642$1,390,822$1,009,667$3,245,898
79$3,864,170$1,394,907$979,424$3,487,530
80$4,192,231$1,397,173$946,151$3,751,806
81$4,551,672$1,397,469$909,681$4,041,004
82$4,945,630$1,395,632$869,843$4,357,636
83$5,377,556$1,391,490$826,454$4,704,471
84$5,851,255$1,384,860$779,328$5,084,559
85$6,370,914$1,375,549$728,267$5,501,265
86$6,941,147$1,363,351$673,064$5,958,294
87$7,567,036$1,348,048$613,504$6,459,732
88$8,254,181$1,329,409$549,363$7,010,083
89$9,008,745$1,307,188$480,405$7,614,311
90$9,837,524$1,281,127$406,385$8,277,885
91$10,747,999$1,250,950$327,047$9,006,838
92$11,748,415$1,216,367$242,123$9,807,814
93$12,847,853$1,177,069$151,334$10,688,140
94$14,056,319$1,132,729$54,388$11,655,891
95$15,384,834$1,083,004$0$12,719,967
96$16,845,544$1,027,528$0$13,895,936
97$18,451,826$965,914$0$15,196,040
98$20,218,423$897,754$0$16,625,843
99$22,161,574$822,616$0$18,198,523
100$24,299,175$740,044$0$19,928,598