Can I retire at age 64 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$96,618$95,757$94,917$94,098$93,297$92,285
2 years$47,830$46,940$46,076$45,239$44,427$43,408
3 years$31,570$30,676$29,814$28,985$28,187$27,192
4 years$23,442$22,550$21,697$20,882$20,103$19,140
5 years$18,566$17,679$16,838$16,040$15,282$14,354
6 years$15,316$14,436$13,608$12,827$12,092$11,201
7 years$12,996$12,124$11,308$10,546$9,834$8,980
8 years$11,257$10,392$9,590$8,847$8,158$7,340
9 years$9,905$9,048$8,260$7,535$6,870$6,089
10 years$8,824$7,976$7,201$6,496$5,854$5,108
11 years$7,940$7,100$6,340$5,653$5,035$4,324
12 years$7,204$6,373$5,626$4,958$4,363$3,687
13 years$6,581$5,759$5,027$4,378$3,805$3,162
14 years$6,048$5,235$4,517$3,886$3,335$2,725
15 years$5,587$4,782$4,078$3,466$2,936$2,358
16 years$5,184$4,388$3,697$3,103$2,595$2,048
17 years$4,828$4,041$3,364$2,788$2,301$1,784
18 years$4,512$3,734$3,071$2,513$2,046$1,557
19 years$4,230$3,461$2,812$2,270$1,824$1,363
20 years$3,976$3,216$2,580$2,056$1,629$1,195
21 years$3,747$2,995$2,373$1,866$1,458$1,049
22 years$3,539$2,796$2,187$1,697$1,307$922
23 years$3,350$2,615$2,020$1,545$1,173$812
24 years$3,176$2,450$1,868$1,409$1,054$715
25 years$3,016$2,299$1,730$1,287$949$631
26 years$2,869$2,161$1,605$1,177$855$557
27 years$2,734$2,034$1,490$1,077$770$492
28 years$2,608$1,916$1,385$987$695$435
29 years$2,491$1,808$1,289$905$628$385
30 years$2,382$1,707$1,201$831$567$340
31 years$2,280$1,614$1,119$763$513$301
32 years$2,185$1,527$1,044$701$464$267
33 years$2,095$1,446$975$645$420$236
34 years$2,011$1,371$911$593$380$209
35 years$1,933$1,300$852$546$344$186
36 years$1,858$1,234$797$503$312$165
37 years$1,788$1,172$746$463$283$146
38 years$1,722$1,114$698$427$256$129
39 years$1,659$1,059$654$394$232$115
40 years$1,600$1,008$613$363$211$102
41 years$1,543$959$575$335$191$90
42 years$1,490$914$539$309$174$80
43 years$1,439$870$506$286$157$71
44 years$1,390$830$475$264$143$63
45 years$1,344$791$446$243$130$56
46 years$1,300$755$419$225$118$50
47 years$1,258$720$394$208$107$44
48 years$1,218$688$370$192$97$39
49 years$1,179$657$348$177$88$35
50 years$1,142$627$327$164$80$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,170,000, adding $3,739 every year, while hoping to spend $28,083 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: 45/35/20 Blend
63$1,170,000$1,170,000$1,170,000$1,170,000
64$1,293,197$1,231,187$1,213,052$1,343,795
65$1,395,223$1,261,635$1,223,809$1,410,146
66$1,506,714$1,292,634$1,233,985$1,478,985
67$1,628,607$1,324,180$1,243,532$1,553,054
68$1,761,931$1,356,272$1,252,396$1,632,854
69$1,907,821$1,388,902$1,260,525$1,718,934
70$2,067,527$1,422,066$1,267,860$1,811,899
71$2,242,423$1,455,756$1,274,342$1,912,416
72$2,434,026$1,489,963$1,279,908$2,021,220
73$2,644,002$1,524,677$1,284,490$2,139,121
74$2,874,189$1,559,886$1,288,020$2,267,011
75$3,126,612$1,595,575$1,290,424$2,405,875
76$3,403,497$1,631,730$1,291,624$2,556,794
77$3,707,302$1,668,332$1,291,541$2,720,965
78$4,040,729$1,705,362$1,290,090$2,899,702
79$4,406,756$1,742,799$1,287,181$3,094,457
80$4,808,666$1,780,616$1,282,722$3,306,828
81$5,250,072$1,818,788$1,276,615$3,538,578
82$5,734,955$1,857,284$1,268,758$3,791,649
83$6,267,701$1,896,072$1,259,042$4,068,182
84$6,853,143$1,935,116$1,247,356$4,370,537
85$7,496,603$1,974,376$1,233,582$4,701,314
86$8,203,946$2,013,810$1,217,596$5,063,381
87$8,981,632$2,053,371$1,199,270$5,459,899
88$9,836,780$2,093,008$1,178,467$5,894,349
89$10,777,233$2,132,666$1,155,047$6,370,574
90$11,811,630$2,172,286$1,128,861$6,892,803
91$12,949,493$2,211,804$1,099,753$7,465,704
92$14,201,309$2,251,151$1,067,563$8,094,419
93$15,578,636$2,290,250$1,032,120$8,784,617
94$17,094,207$2,329,023$993,246$9,542,545
95$18,762,053$2,367,382$950,757$10,375,092
96$20,597,632$2,405,234$904,457$11,289,850
97$22,617,979$2,442,479$854,145$12,295,186
98$24,841,862$2,479,009$799,608$13,400,326
99$27,289,962$2,514,711$740,625$14,615,438
100$29,985,066$2,549,460$676,964$15,951,728