Can I retire at age 64 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$104,875$103,941$103,030$102,140$101,272$99,267
2 years$51,919$50,952$50,014$49,106$48,225$46,214
3 years$34,269$33,297$32,363$31,463$30,596$28,641
4 years$25,445$24,477$23,552$22,667$21,821$19,938
5 years$20,153$19,190$18,277$17,410$16,588$14,781
6 years$16,625$15,670$14,771$13,923$13,126$11,397
7 years$14,107$13,160$12,274$11,447$10,675$9,025
8 years$12,219$11,281$10,410$9,603$8,856$7,285
9 years$10,751$9,822$8,966$8,179$7,458$5,964
10 years$9,578$8,657$7,817$7,051$6,354$4,937
11 years$8,618$7,707$6,882$6,136$5,465$4,122
12 years$7,819$6,918$6,107$5,382$4,736$3,465
13 years$7,144$6,251$5,456$4,752$4,130$2,929
14 years$6,565$5,682$4,903$4,218$3,620$2,488
15 years$6,064$5,191$4,426$3,762$3,187$2,121
16 years$5,627$4,763$4,013$3,368$2,817$1,814
17 years$5,241$4,386$3,652$3,026$2,498$1,555
18 years$4,898$4,053$3,334$2,727$2,221$1,336
19 years$4,592$3,756$3,052$2,464$1,980$1,151
20 years$4,316$3,491$2,801$2,232$1,768$992
21 years$4,068$3,251$2,576$2,026$1,582$857
22 years$3,842$3,035$2,374$1,842$1,418$741
23 years$3,636$2,839$2,192$1,677$1,273$641
24 years$3,447$2,660$2,028$1,530$1,144$555
25 years$3,274$2,496$1,878$1,397$1,030$481
26 years$3,115$2,346$1,742$1,277$928$418
27 years$2,967$2,208$1,617$1,169$836$362
28 years$2,831$2,080$1,503$1,071$755$315
29 years$2,704$1,962$1,399$982$681$273
30 years$2,585$1,853$1,303$902$616$238
31 years$2,475$1,752$1,215$828$557$207
32 years$2,371$1,658$1,134$761$503$180
33 years$2,274$1,570$1,058$700$456$156
34 years$2,183$1,488$989$644$413$136
35 years$2,098$1,411$925$593$374$118
36 years$2,017$1,339$865$546$339$103
37 years$1,941$1,272$810$503$307$90
38 years$1,869$1,209$758$464$278$78
39 years$1,801$1,150$710$427$252$68
40 years$1,736$1,094$666$394$229$59
41 years$1,675$1,041$624$364$208$51
42 years$1,617$992$586$336$188$45
43 years$1,562$945$549$310$171$39
44 years$1,509$901$516$286$155$34
45 years$1,459$859$484$264$141$30
46 years$1,411$819$455$244$128$26
47 years$1,365$782$427$226$116$22
48 years$1,322$746$402$208$105$20
49 years$1,280$713$377$193$96$17
50 years$1,240$681$355$178$87$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,270,000, adding $6,350 every year, while hoping to spend $38,286 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: 40/42/18 Blend
63$1,270,000$1,270,000$1,270,000$1,270,000
64$1,406,090$1,338,780$1,319,095$1,454,594
65$1,508,775$1,363,644$1,322,549$1,514,642
66$1,620,651$1,388,444$1,324,835$1,575,395
67$1,742,615$1,413,135$1,325,874$1,640,317
68$1,875,653$1,437,670$1,325,583$1,709,809
69$2,020,854$1,461,999$1,323,873$1,784,309
70$2,179,412$1,486,068$1,320,654$1,864,305
71$2,352,644$1,509,818$1,315,828$1,950,332
72$2,542,001$1,533,186$1,309,296$2,042,985
73$2,749,077$1,556,105$1,300,950$2,142,917
74$2,975,631$1,578,502$1,290,679$2,250,850
75$3,223,597$1,600,300$1,278,369$2,367,581
76$3,495,106$1,621,417$1,263,896$2,493,992
77$3,792,504$1,641,764$1,247,134$2,631,052
78$4,118,375$1,661,245$1,227,948$2,779,836
79$4,475,564$1,679,761$1,206,199$2,941,526
80$4,867,205$1,697,203$1,181,741$3,117,430
81$5,296,751$1,713,457$1,154,420$3,308,990
82$5,768,003$1,728,400$1,124,076$3,517,798
83$6,285,148$1,741,900$1,090,542$3,745,612
84$6,852,800$1,753,820$1,053,641$3,994,371
85$7,476,039$1,764,011$1,013,192$4,266,216
86$8,160,462$1,772,315$969,001$4,563,508
87$8,912,235$1,778,564$920,869$4,888,855
88$9,738,151$1,782,581$868,586$5,245,133
89$10,645,691$1,784,177$811,932$5,635,517
90$11,643,099$1,783,149$750,679$6,063,509
91$12,739,457$1,779,285$684,589$6,532,974
92$13,944,769$1,772,357$613,410$7,048,176
93$15,270,058$1,762,125$536,882$7,613,819
94$16,727,469$1,748,334$454,732$8,235,093
95$18,330,381$1,730,714$366,676$8,917,725
96$20,093,537$1,708,976$272,417$9,668,031
97$22,033,179$1,682,816$171,644$10,492,980
98$24,167,202$1,651,913$64,033$11,400,257
99$26,515,325$1,615,926$0$12,398,341
100$29,099,273$1,574,491$0$13,506,341