Can I retire at age 64 with 1,250,000?

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 $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$103,224$102,304$101,407$100,532$99,677$97,188
2 years$51,101$50,149$49,227$48,333$47,465$44,974
3 years$33,729$32,773$31,853$30,967$30,114$27,697
4 years$25,045$24,092$23,181$22,310$21,477$19,155
5 years$19,835$18,888$17,989$17,136$16,327$14,104
6 years$16,364$15,424$14,538$13,704$12,919$10,799
7 years$13,885$12,953$12,081$11,267$10,506$8,489
8 years$12,027$11,103$10,246$9,451$8,716$6,800
9 years$10,582$9,667$8,825$8,051$7,340$5,524
10 years$9,427$8,521$7,694$6,940$6,254$4,536
11 years$8,483$7,586$6,773$6,040$5,379$3,756
12 years$7,696$6,809$6,011$5,298$4,661$3,131
13 years$7,031$6,153$5,371$4,677$4,065$2,624
14 years$6,462$5,593$4,825$4,152$3,563$2,209
15 years$5,969$5,109$4,357$3,703$3,137$1,866
16 years$5,538$4,688$3,950$3,315$2,773$1,581
17 years$5,158$4,317$3,594$2,979$2,458$1,343
18 years$4,821$3,989$3,281$2,684$2,186$1,143
19 years$4,519$3,697$3,004$2,426$1,948$975
20 years$4,248$3,436$2,757$2,197$1,740$832
21 years$4,004$3,200$2,536$1,994$1,557$712
22 years$3,781$2,987$2,337$1,813$1,396$609
23 years$3,579$2,794$2,158$1,651$1,253$522
24 years$3,393$2,618$1,996$1,506$1,126$447
25 years$3,223$2,457$1,848$1,375$1,014$384
26 years$3,066$2,309$1,714$1,257$913$329
27 years$2,921$2,173$1,592$1,151$823$283
28 years$2,786$2,047$1,480$1,054$743$243
29 years$2,661$1,931$1,377$967$671$209
30 years$2,544$1,824$1,283$887$606$180
31 years$2,436$1,724$1,196$815$548$154
32 years$2,334$1,632$1,116$749$496$133
33 years$2,239$1,545$1,042$689$448$114
34 years$2,149$1,464$973$634$406$98
35 years$2,065$1,389$910$583$368$85
36 years$1,985$1,318$851$537$333$73
37 years$1,910$1,252$797$495$302$63
38 years$1,840$1,190$746$456$274$54
39 years$1,772$1,132$699$421$248$46
40 years$1,709$1,077$655$388$225$40
41 years$1,649$1,025$614$358$204$34
42 years$1,591$976$576$330$185$30
43 years$1,537$930$541$305$168$26
44 years$1,485$886$508$282$153$22
45 years$1,436$845$477$260$139$19
46 years$1,389$806$448$240$126$16
47 years$1,344$770$421$222$114$14
48 years$1,301$735$395$205$104$12
49 years$1,260$702$372$190$94$10
50 years$1,220$670$349$175$86$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,250,000, adding $2,389 every year, while hoping to spend $26,892 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: 43/48/9 Blend
63$1,250,000$1,250,000$1,250,000$1,250,000
64$1,379,964$1,313,714$1,294,339$1,435,611
65$1,492,108$1,349,473$1,309,087$1,510,316
66$1,614,789$1,386,083$1,323,427$1,588,281
67$1,749,053$1,423,558$1,337,318$1,672,130
68$1,896,054$1,461,909$1,350,715$1,762,412
69$2,057,059$1,501,151$1,363,572$1,859,730
70$2,233,467$1,541,295$1,375,839$1,964,749
71$2,426,815$1,582,353$1,387,465$2,078,198
72$2,638,800$1,624,338$1,398,395$2,200,883
73$2,871,287$1,667,260$1,408,570$2,333,686
74$3,126,333$1,711,130$1,417,932$2,477,584
75$3,406,202$1,755,959$1,426,416$2,633,648
76$3,713,389$1,801,755$1,433,955$2,803,058
77$4,050,640$1,848,527$1,440,478$2,987,115
78$4,420,984$1,896,283$1,445,913$3,187,250
79$4,827,754$1,945,031$1,450,181$3,405,039
80$5,274,623$1,994,775$1,453,200$3,642,219
81$5,765,638$2,045,522$1,454,885$3,900,701
82$6,305,256$2,097,276$1,455,147$4,182,592
83$6,898,388$2,150,038$1,453,890$4,490,211
84$7,550,444$2,203,810$1,451,015$4,826,113
85$8,267,385$2,258,593$1,446,420$5,193,114
86$9,055,778$2,314,384$1,439,995$5,594,314
87$9,922,858$2,371,180$1,431,626$6,033,130
88$10,876,598$2,428,975$1,421,194$6,513,325
89$11,925,779$2,487,764$1,408,572$7,039,047
90$13,080,080$2,547,535$1,393,631$7,614,864
91$14,350,163$2,608,279$1,376,231$8,245,810
92$15,747,775$2,669,980$1,356,231$8,937,432
93$17,285,861$2,732,622$1,333,478$9,695,841
94$18,978,684$2,796,186$1,307,814$10,527,772
95$20,841,960$2,860,649$1,279,076$11,440,645
96$22,893,004$2,925,985$1,247,090$12,442,637
97$25,150,898$2,992,166$1,211,674$13,542,758
98$27,636,665$3,059,157$1,172,641$14,750,935
99$30,373,472$3,126,924$1,129,792$16,078,111
100$33,386,846$3,195,423$1,082,920$17,536,342