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

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$99,921$99,031$98,162$97,315$96,487$94,616
2 years$49,466$48,544$47,652$46,786$45,946$44,069
3 years$32,650$31,724$30,834$29,976$29,150$27,325
4 years$24,243$23,321$22,439$21,596$20,790$19,031
5 years$19,201$18,284$17,414$16,588$15,804$14,117
6 years$15,840$14,930$14,073$13,265$12,505$10,891
7 years$13,441$12,538$11,695$10,906$10,170$8,629
8 years$11,642$10,748$9,918$9,149$8,437$6,969
9 years$10,243$9,358$8,542$7,793$7,105$5,709
10 years$9,125$8,248$7,447$6,718$6,054$4,729
11 years$8,211$7,343$6,557$5,846$5,207$3,951
12 years$7,450$6,591$5,819$5,128$4,512$3,323
13 years$6,806$5,956$5,199$4,527$3,935$2,811
14 years$6,255$5,414$4,671$4,019$3,449$2,389
15 years$5,778$4,946$4,217$3,584$3,037$2,038
16 years$5,361$4,538$3,824$3,209$2,684$1,744
17 years$4,993$4,179$3,479$2,883$2,380$1,497
18 years$4,667$3,862$3,176$2,599$2,116$1,287
19 years$4,375$3,579$2,908$2,348$1,886$1,109
20 years$4,112$3,326$2,668$2,127$1,685$957
21 years$3,875$3,098$2,455$1,930$1,508$827
22 years$3,660$2,892$2,262$1,755$1,351$716
23 years$3,464$2,704$2,089$1,598$1,213$620
24 years$3,285$2,534$1,932$1,458$1,090$537
25 years$3,120$2,378$1,789$1,331$981$466
26 years$2,968$2,235$1,659$1,217$884$405
27 years$2,827$2,103$1,541$1,114$797$351
28 years$2,697$1,982$1,432$1,021$719$305
29 years$2,576$1,870$1,333$936$649$266
30 years$2,463$1,766$1,242$859$587$231
31 years$2,358$1,669$1,158$789$530$201
32 years$2,259$1,579$1,080$725$480$175
33 years$2,167$1,496$1,008$667$434$152
34 years$2,080$1,418$942$613$393$133
35 years$1,999$1,345$881$565$356$115
36 years$1,922$1,276$824$520$323$100
37 years$1,849$1,212$771$479$292$88
38 years$1,781$1,152$722$442$265$76
39 years$1,716$1,095$677$407$240$66
40 years$1,654$1,042$634$376$218$58
41 years$1,596$992$595$347$198$50
42 years$1,541$945$558$320$179$44
43 years$1,488$900$524$295$163$38
44 years$1,438$858$491$273$148$33
45 years$1,390$818$461$252$134$29
46 years$1,344$781$433$233$122$25
47 years$1,301$745$407$215$111$22
48 years$1,259$711$383$199$100$19
49 years$1,219$679$360$183$91$17
50 years$1,181$649$338$170$83$15

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 $5,611 every year, while hoping to spend $49,757 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: 36/44/20 Blend
63$1,210,000$1,210,000$1,210,000$1,210,000
64$1,339,208$1,275,078$1,256,323$1,379,121
65$1,422,866$1,284,615$1,245,468$1,418,285
66$1,513,389$1,292,953$1,232,583$1,455,491
67$1,611,426$1,299,979$1,217,546$1,494,630
68$1,717,689$1,305,574$1,200,230$1,535,905
69$1,832,959$1,309,614$1,180,504$1,579,542
70$1,958,100$1,311,964$1,158,230$1,625,791
71$2,094,057$1,312,481$1,133,262$1,674,932
72$2,241,874$1,311,015$1,105,449$1,727,279
73$2,402,695$1,307,406$1,074,632$1,783,179
74$2,577,783$1,301,482$1,040,645$1,843,019
75$2,768,526$1,293,063$1,003,315$1,907,232
76$2,976,450$1,281,958$962,461$1,976,297
77$3,203,237$1,267,963$917,893$2,050,749
78$3,450,737$1,250,862$869,411$2,131,180
79$3,720,986$1,230,428$816,810$2,218,251
80$4,016,225$1,206,419$759,873$2,312,695
81$4,338,924$1,178,577$698,372$2,415,326
82$4,691,799$1,146,632$632,073$2,527,048
83$5,077,842$1,110,296$560,726$2,648,864
84$5,500,347$1,069,266$484,076$2,781,888
85$5,962,941$1,023,218$401,851$2,927,354
86$6,469,619$971,814$313,771$3,086,632
87$7,024,779$914,692$219,541$3,261,241
88$7,633,266$851,472$118,856$3,452,863
89$8,300,416$781,751$11,394$3,663,363
90$9,032,105$705,103$0$3,894,807
91$9,834,805$621,078$0$4,171,524
92$10,715,645$529,201$0$4,478,035
93$11,682,478$428,969$0$4,814,788
94$12,743,954$319,851$0$5,184,969
95$13,909,601$201,288$0$5,592,099
96$15,189,915$72,686$0$6,040,069
97$16,596,461$0$0$6,533,177
98$18,141,974$0$0$7,108,406
99$19,840,490$0$0$7,779,441
100$21,707,467$0$0$8,517,220