Can I retire at age 64 with 1,210,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$99,921$99,031$98,162$97,315$96,487$92,879
2 years$49,466$48,544$47,652$46,786$45,946$42,353
3 years$32,650$31,724$30,834$29,976$29,150$25,684
4 years$24,243$23,321$22,439$21,596$20,790$17,478
5 years$19,201$18,284$17,414$16,588$15,804$12,654
6 years$15,840$14,930$14,073$13,265$12,505$9,520
7 years$13,441$12,538$11,695$10,906$10,170$7,348
8 years$11,642$10,748$9,918$9,149$8,437$5,776
9 years$10,243$9,358$8,542$7,793$7,105$4,602
10 years$9,125$8,248$7,447$6,718$6,054$3,704
11 years$8,211$7,343$6,557$5,846$5,207$3,004
12 years$7,450$6,591$5,819$5,128$4,512$2,452
13 years$6,806$5,956$5,199$4,527$3,935$2,011
14 years$6,255$5,414$4,671$4,019$3,449$1,655
15 years$5,778$4,946$4,217$3,584$3,037$1,367
16 years$5,361$4,538$3,824$3,209$2,684$1,132
17 years$4,993$4,179$3,479$2,883$2,380$939
18 years$4,667$3,862$3,176$2,599$2,116$781
19 years$4,375$3,579$2,908$2,348$1,886$650
20 years$4,112$3,326$2,668$2,127$1,685$541
21 years$3,875$3,098$2,455$1,930$1,508$452
22 years$3,660$2,892$2,262$1,755$1,351$377
23 years$3,464$2,704$2,089$1,598$1,213$315
24 years$3,285$2,534$1,932$1,458$1,090$263
25 years$3,120$2,378$1,789$1,331$981$220
26 years$2,968$2,235$1,659$1,217$884$184
27 years$2,827$2,103$1,541$1,114$797$154
28 years$2,697$1,982$1,432$1,021$719$129
29 years$2,576$1,870$1,333$936$649$108
30 years$2,463$1,766$1,242$859$587$90
31 years$2,358$1,669$1,158$789$530$76
32 years$2,259$1,579$1,080$725$480$63
33 years$2,167$1,496$1,008$667$434$53
34 years$2,080$1,418$942$613$393$45
35 years$1,999$1,345$881$565$356$37
36 years$1,922$1,276$824$520$323$31
37 years$1,849$1,212$771$479$292$26
38 years$1,781$1,152$722$442$265$22
39 years$1,716$1,095$677$407$240$18
40 years$1,654$1,042$634$376$218$15
41 years$1,596$992$595$347$198$13
42 years$1,541$945$558$320$179$11
43 years$1,488$900$524$295$163$9
44 years$1,438$858$491$273$148$8
45 years$1,390$818$461$252$134$6
46 years$1,344$781$433$233$122$5
47 years$1,301$745$407$215$111$4
48 years$1,259$711$383$199$100$4
49 years$1,219$679$360$183$91$3
50 years$1,181$649$338$170$83$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,210,000, adding $2,061 every year, while hoping to spend $37,460 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: 47/38/15 Blend
63$1,210,000$1,210,000$1,210,000$1,210,000
64$1,335,546$1,271,416$1,252,661$1,392,586
65$1,431,914$1,293,858$1,254,768$1,454,777
66$1,536,857$1,316,145$1,255,690$1,518,248
67$1,651,209$1,338,228$1,255,348$1,586,318
68$1,775,889$1,360,058$1,253,659$1,659,430
69$1,911,908$1,381,579$1,250,535$1,738,073
70$2,060,380$1,402,734$1,245,885$1,822,786
71$2,222,529$1,423,459$1,239,613$1,914,164
72$2,399,706$1,443,687$1,231,619$2,012,863
73$2,593,395$1,463,346$1,221,797$2,119,608
74$2,805,231$1,482,360$1,210,037$2,235,198
75$3,037,015$1,500,646$1,196,223$2,360,514
76$3,290,729$1,518,116$1,180,235$2,496,530
77$3,568,555$1,534,676$1,161,945$2,644,320
78$3,872,898$1,550,225$1,141,221$2,805,068
79$4,206,406$1,564,658$1,117,923$2,980,080
80$4,571,992$1,577,860$1,091,907$3,170,800
81$4,972,870$1,589,709$1,063,020$3,378,819
82$5,412,575$1,600,077$1,031,104$3,605,892
83$5,895,002$1,608,826$995,991$3,853,957
84$6,424,443$1,615,809$957,507$4,125,151
85$7,005,624$1,620,871$915,471$4,421,831
86$7,643,751$1,623,847$869,693$4,746,599
87$8,344,559$1,624,560$819,972$5,102,324
88$9,114,365$1,622,825$766,102$5,492,172
89$9,960,129$1,618,442$707,866$5,919,635
90$10,889,518$1,611,202$645,035$6,388,566
91$11,910,978$1,600,881$577,374$6,903,213
92$13,033,816$1,587,242$504,634$7,468,264
93$14,268,283$1,570,034$426,556$8,088,887
94$15,625,673$1,548,991$342,871$8,770,787
95$17,118,430$1,523,830$253,296$9,520,251
96$18,760,266$1,494,254$157,537$10,344,216
97$20,566,285$1,459,944$55,287$11,250,333
98$22,553,131$1,420,566$0$12,247,038
99$24,739,141$1,375,765$0$13,352,252
100$27,144,521$1,325,165$0$14,577,623