Can I retire at age 64 with 1,290,000?

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$106,527$105,578$104,652$103,749$102,866$101,287
2 years$52,736$51,754$50,802$49,879$48,984$47,397
3 years$34,808$33,822$32,872$31,958$31,077$29,532
4 years$25,846$24,863$23,923$23,024$22,165$20,672
5 years$20,470$19,493$18,565$17,685$16,849$15,415
6 years$16,887$15,917$15,003$14,143$13,332$11,957
7 years$14,329$13,367$12,468$11,627$10,843$9,527
8 years$12,411$11,458$10,574$9,754$8,995$7,739
9 years$10,921$9,976$9,107$8,308$7,575$6,378
10 years$9,729$8,794$7,940$7,162$6,454$5,315
11 years$8,754$7,829$6,990$6,233$5,551$4,468
12 years$7,943$7,026$6,203$5,467$4,810$3,783
13 years$7,256$6,350$5,542$4,827$4,195$3,221
14 years$6,669$5,772$4,980$4,284$3,677$2,756
15 years$6,160$5,273$4,496$3,821$3,238$2,367
16 years$5,715$4,838$4,076$3,421$2,861$2,040
17 years$5,323$4,455$3,709$3,074$2,537$1,763
18 years$4,975$4,117$3,386$2,770$2,256$1,527
19 years$4,664$3,815$3,100$2,503$2,011$1,326
20 years$4,384$3,545$2,845$2,267$1,796$1,153
21 years$4,132$3,302$2,617$2,058$1,607$1,004
22 years$3,902$3,083$2,412$1,871$1,441$875
23 years$3,693$2,883$2,227$1,704$1,293$764
24 years$3,502$2,701$2,059$1,554$1,162$667
25 years$3,326$2,535$1,907$1,419$1,046$584
26 years$3,164$2,383$1,769$1,298$942$511
27 years$3,014$2,242$1,643$1,188$849$447
28 years$2,875$2,113$1,527$1,088$766$392
29 years$2,746$1,993$1,421$998$692$343
30 years$2,626$1,882$1,324$916$625$301
31 years$2,514$1,780$1,234$841$565$264
32 years$2,409$1,684$1,151$773$511$232
33 years$2,310$1,595$1,075$711$463$203
34 years$2,218$1,511$1,004$654$419$179
35 years$2,131$1,433$939$602$380$157
36 years$2,049$1,361$879$555$344$138
37 years$1,971$1,292$822$511$312$121
38 years$1,898$1,228$770$471$283$106
39 years$1,829$1,168$721$434$256$93
40 years$1,764$1,111$676$400$232$82
41 years$1,701$1,058$634$370$211$72
42 years$1,642$1,007$595$341$191$63
43 years$1,586$960$558$315$174$56
44 years$1,533$915$524$291$158$49
45 years$1,482$872$492$268$143$43
46 years$1,433$832$462$248$130$38
47 years$1,387$794$434$229$118$33
48 years$1,342$758$408$212$107$29
49 years$1,300$724$383$196$97$26
50 years$1,259$692$360$181$88$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,290,000, adding $5,329 every year, while hoping to spend $36,624 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: 69/26/5 Blend
63$1,290,000$1,290,000$1,290,000$1,290,000
64$1,427,077$1,358,707$1,338,712$1,524,406
65$1,533,671$1,386,316$1,344,591$1,617,063
66$1,649,910$1,414,050$1,349,440$1,713,368
67$1,776,740$1,441,877$1,353,185$1,817,697
68$1,915,200$1,469,762$1,355,749$1,930,828
69$2,066,436$1,497,666$1,357,052$2,053,616
70$2,231,708$1,525,547$1,357,009$2,187,006
71$2,412,405$1,553,362$1,355,532$2,332,036
72$2,610,055$1,581,061$1,352,526$2,489,849
73$2,826,339$1,608,591$1,347,895$2,661,706
74$3,063,111$1,635,898$1,341,535$2,848,995
75$3,322,412$1,662,920$1,333,339$3,053,246
76$3,606,487$1,689,593$1,323,195$3,276,144
77$3,917,811$1,715,845$1,310,985$3,519,544
78$4,259,110$1,741,603$1,296,585$3,785,493
79$4,633,384$1,766,787$1,279,865$4,076,244
80$5,043,939$1,791,309$1,260,691$4,394,280
81$5,494,416$1,815,079$1,238,919$4,742,337
82$5,988,826$1,837,997$1,214,402$5,123,431
83$6,531,585$1,859,958$1,186,984$5,540,884
84$7,127,561$1,880,850$1,156,502$5,998,357
85$7,782,114$1,900,553$1,122,786$6,499,885
86$8,501,149$1,918,940$1,085,659$7,049,914
87$9,291,171$1,935,873$1,044,933$7,653,345
88$10,159,347$1,951,207$1,000,415$8,315,576
89$11,113,571$1,964,787$951,900$9,042,558
90$12,162,543$1,976,449$899,176$9,840,851
91$13,315,844$1,986,017$842,021$10,717,680
92$14,584,033$1,993,305$780,201$11,681,012
93$15,978,742$1,998,114$713,475$12,739,624
94$17,512,785$2,000,233$641,588$13,903,192
95$19,200,284$1,999,439$564,276$15,182,376
96$21,056,795$1,995,494$481,261$16,588,928
97$23,099,460$1,988,145$392,255$18,135,798
98$25,347,165$1,977,124$296,956$19,837,258
99$27,820,720$1,962,147$195,048$21,709,039
100$30,543,054$1,942,913$86,203$23,768,476