Can I retire at age 64 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$104,050$103,123$102,219$101,336$100,474$98,365
2 years$51,510$50,550$49,621$48,719$47,845$45,730
3 years$33,999$33,035$32,108$31,215$30,355$28,300
4 years$25,245$24,284$23,366$22,489$21,649$19,670
5 years$19,994$19,039$18,133$17,273$16,457$14,560
6 years$16,495$15,547$14,654$13,814$13,022$11,209
7 years$13,996$13,056$12,178$11,357$10,591$8,861
8 years$12,123$11,192$10,328$9,527$8,786$7,140
9 years$10,667$9,744$8,895$8,115$7,399$5,835
10 years$9,502$8,589$7,755$6,995$6,304$4,821
11 years$8,551$7,646$6,827$6,088$5,422$4,018
12 years$7,758$6,863$6,059$5,340$4,699$3,371
13 years$7,088$6,202$5,414$4,714$4,097$2,844
14 years$6,514$5,638$4,864$4,185$3,592$2,410
15 years$6,017$5,150$4,392$3,732$3,162$2,050
16 years$5,582$4,725$3,982$3,342$2,795$1,750
17 years$5,199$4,352$3,623$3,003$2,478$1,497
18 years$4,859$4,021$3,307$2,706$2,203$1,284
19 years$4,555$3,727$3,028$2,445$1,964$1,103
20 years$4,282$3,463$2,779$2,214$1,754$949
21 years$4,036$3,226$2,556$2,010$1,570$818
22 years$3,811$3,011$2,356$1,827$1,407$705
23 years$3,607$2,816$2,175$1,664$1,263$609
24 years$3,420$2,639$2,012$1,518$1,135$526
25 years$3,248$2,476$1,863$1,386$1,022$455
26 years$3,090$2,327$1,728$1,267$920$394
27 years$2,944$2,190$1,605$1,160$830$341
28 years$2,808$2,064$1,492$1,063$749$295
29 years$2,682$1,947$1,388$975$676$256
30 years$2,565$1,839$1,293$895$611$222
31 years$2,455$1,738$1,205$822$552$192
32 years$2,353$1,645$1,125$755$500$167
33 years$2,256$1,558$1,050$694$452$145
34 years$2,166$1,476$981$639$409$126
35 years$2,081$1,400$917$588$371$109
36 years$2,001$1,329$858$542$336$95
37 years$1,926$1,262$803$499$304$82
38 years$1,854$1,200$752$460$276$71
39 years$1,787$1,141$705$424$250$62
40 years$1,723$1,085$660$391$227$54
41 years$1,662$1,033$619$361$206$47
42 years$1,604$984$581$333$187$41
43 years$1,549$937$545$307$170$35
44 years$1,497$894$512$284$154$31
45 years$1,447$852$480$262$140$27
46 years$1,400$813$451$242$127$23
47 years$1,355$776$424$224$115$20
48 years$1,311$740$398$207$105$17
49 years$1,270$707$374$191$95$15
50 years$1,230$675$352$177$86$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,260,000, adding $2,663 every year, while hoping to spend $36,832 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: 51/30/19 Blend
63$1,260,000$1,260,000$1,260,000$1,260,000
64$1,391,267$1,324,487$1,304,957$1,454,783
65$1,493,987$1,350,198$1,309,484$1,524,559
66$1,605,950$1,375,934$1,312,928$1,596,350
67$1,728,061$1,401,658$1,315,215$1,673,616
68$1,861,313$1,427,329$1,316,264$1,756,887
69$2,006,801$1,452,903$1,315,994$1,846,749
70$2,165,733$1,478,333$1,314,317$1,943,847
71$2,339,433$1,503,567$1,311,143$2,048,893
72$2,529,365$1,528,551$1,306,375$2,162,673
73$2,737,135$1,553,225$1,299,914$2,286,053
74$2,964,516$1,577,527$1,291,654$2,419,987
75$3,213,458$1,601,387$1,281,486$2,565,529
76$3,486,109$1,624,733$1,269,294$2,723,840
77$3,784,833$1,647,486$1,254,957$2,896,201
78$4,112,237$1,669,563$1,238,348$3,084,026
79$4,471,188$1,690,875$1,219,336$3,288,872
80$4,864,847$1,711,326$1,197,781$3,512,458
81$5,296,693$1,730,812$1,173,539$3,756,680
82$5,770,560$1,749,226$1,146,456$4,023,628
83$6,290,670$1,766,451$1,116,375$4,315,607
84$6,861,673$1,782,362$1,083,129$4,635,159
85$7,488,694$1,796,828$1,046,544$4,985,088
86$8,177,375$1,809,708$1,006,438$5,368,486
87$8,933,935$1,820,850$962,621$5,788,763
88$9,765,221$1,830,096$914,893$6,249,679
89$10,678,779$1,837,277$863,048$6,755,380
90$11,682,921$1,842,210$806,867$7,310,438
91$12,786,805$1,844,705$746,123$7,919,896
92$14,000,521$1,844,557$680,580$8,589,314
93$15,335,184$1,841,550$609,989$9,324,822
94$16,803,040$1,835,453$534,091$10,133,179
95$18,417,584$1,826,024$452,616$11,021,840
96$20,193,681$1,813,002$365,282$11,999,024
97$22,147,711$1,796,114$271,794$13,073,791
98$24,297,721$1,775,068$171,843$14,256,134
99$26,663,598$1,749,555$65,109$15,557,067
100$29,267,251$1,719,249$0$16,988,737