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%16.4%
1 years$94,966$94,120$93,295$92,489$91,703$89,305
2 years$47,013$46,137$45,289$44,466$43,668$41,268
3 years$31,031$30,151$29,305$28,490$27,705$25,379
4 years$23,041$22,164$21,326$20,525$19,759$17,524
5 years$18,248$17,377$16,550$15,765$15,021$12,883
6 years$15,055$14,190$13,375$12,608$11,885$9,848
7 years$12,774$11,916$11,115$10,365$9,666$7,728
8 years$11,064$10,215$9,426$8,695$8,019$6,180
9 years$9,735$8,894$8,119$7,407$6,753$5,011
10 years$8,673$7,839$7,078$6,384$5,754$4,107
11 years$7,804$6,979$6,231$5,556$4,949$3,394
12 years$7,081$6,264$5,530$4,874$4,288$2,824
13 years$6,469$5,661$4,941$4,303$3,739$2,362
14 years$5,945$5,145$4,439$3,820$3,278$1,984
15 years$5,491$4,700$4,008$3,406$2,886$1,673
16 years$5,095$4,313$3,634$3,050$2,551$1,414
17 years$4,745$3,972$3,307$2,740$2,262$1,199
18 years$4,435$3,670$3,019$2,470$2,011$1,018
19 years$4,158$3,401$2,763$2,232$1,792$866
20 years$3,908$3,161$2,536$2,021$1,601$738
21 years$3,683$2,944$2,333$1,834$1,433$629
22 years$3,479$2,748$2,150$1,668$1,284$538
23 years$3,292$2,570$1,985$1,519$1,153$459
24 years$3,122$2,408$1,836$1,385$1,036$393
25 years$2,965$2,260$1,700$1,265$932$336
26 years$2,820$2,124$1,577$1,157$840$288
27 years$2,687$1,999$1,464$1,059$757$247
28 years$2,563$1,884$1,361$970$683$211
29 years$2,448$1,777$1,267$890$617$181
30 years$2,341$1,678$1,180$816$557$155
31 years$2,241$1,586$1,100$750$504$133
32 years$2,147$1,501$1,026$689$456$114
33 years$2,059$1,422$958$634$413$98
34 years$1,977$1,347$895$583$374$84
35 years$1,900$1,278$837$537$338$72
36 years$1,826$1,213$783$494$307$62
37 years$1,758$1,152$733$455$278$53
38 years$1,692$1,095$686$420$252$46
39 years$1,631$1,041$643$387$228$39
40 years$1,572$990$603$357$207$34
41 years$1,517$943$565$329$188$29
42 years$1,464$898$530$304$171$25
43 years$1,414$856$498$281$155$21
44 years$1,366$816$467$259$141$18
45 years$1,321$778$439$239$128$16
46 years$1,278$742$412$221$116$14
47 years$1,236$708$387$204$105$12
48 years$1,197$676$364$189$96$10
49 years$1,159$645$342$174$87$9
50 years$1,123$617$321$161$79$7

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 $2,050 every year, while hoping to spend $41,322 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: 67/21/12 Blend
63$1,150,000$1,150,000$1,150,000$1,150,000
64$1,269,415$1,208,465$1,190,640$1,350,961
65$1,354,929$1,223,713$1,186,560$1,420,761
66$1,447,780$1,238,324$1,180,958$1,491,955
67$1,548,674$1,252,222$1,173,741$1,568,733
68$1,658,385$1,265,327$1,164,808$1,651,639
69$1,777,767$1,277,555$1,154,055$1,741,269
70$1,907,758$1,288,814$1,141,375$1,838,284
71$2,049,391$1,299,008$1,126,652$1,943,410
72$2,203,802$1,308,032$1,109,769$2,057,450
73$2,372,243$1,315,778$1,090,599$2,181,288
74$2,556,089$1,322,129$1,069,011$2,315,897
75$2,756,857$1,326,960$1,044,870$2,462,354
76$2,976,215$1,330,140$1,018,032$2,621,843
77$3,215,999$1,331,527$988,346$2,795,670
78$3,478,232$1,330,973$955,656$2,985,277
79$3,765,140$1,328,319$919,799$3,192,252
80$4,079,175$1,323,397$880,603$3,418,347
81$4,423,035$1,316,028$837,888$3,665,495
82$4,799,695$1,306,024$791,467$3,935,825
83$5,212,428$1,293,182$741,145$4,231,687
84$5,664,839$1,277,292$686,717$4,555,669
85$6,160,899$1,258,126$627,969$4,910,629
86$6,704,983$1,235,446$564,678$5,299,714
87$7,301,906$1,208,998$496,610$5,726,398
88$7,956,976$1,178,514$423,521$6,194,509
89$8,676,037$1,143,710$345,158$6,708,269
90$9,465,526$1,104,286$261,254$7,272,331
91$10,332,536$1,059,922$171,533$7,891,827
92$11,284,879$1,010,283$75,704$8,572,417
93$12,331,162$955,011$0$9,320,338
94$13,480,864$893,731$0$10,145,870
95$14,744,433$826,044$0$11,063,762
96$16,133,373$751,529$0$12,072,712
97$17,660,364$669,740$0$13,181,983
98$19,339,371$580,207$0$14,401,783
99$21,185,782$482,433$0$15,743,365
100$23,216,552$375,893$0$17,219,129