Can I retire at age 64 with 1,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$107,353$106,397$105,464$104,553$103,664$103,011
2 years$53,145$52,155$51,196$50,266$49,364$48,705
3 years$35,078$34,084$33,127$32,206$31,318$30,674
4 years$26,046$25,055$24,108$23,202$22,337$21,712
5 years$20,629$19,644$18,709$17,822$16,980$16,377
6 years$17,018$16,041$15,120$14,252$13,436$12,855
7 years$14,440$13,471$12,564$11,718$10,927$10,369
8 years$12,508$11,547$10,656$9,830$9,065$8,529
9 years$11,005$10,054$9,178$8,373$7,634$7,121
10 years$9,804$8,862$8,001$7,217$6,504$6,013
11 years$8,822$7,889$7,044$6,281$5,594$5,125
12 years$8,004$7,081$6,252$5,509$4,848$4,400
13 years$7,313$6,399$5,585$4,864$4,227$3,801
14 years$6,720$5,817$5,018$4,318$3,706$3,299
15 years$6,208$5,314$4,531$3,851$3,263$2,877
16 years$5,759$4,875$4,108$3,448$2,884$2,517
17 years$5,364$4,490$3,738$3,098$2,557$2,209
18 years$5,014$4,149$3,412$2,792$2,273$1,944
19 years$4,700$3,845$3,124$2,523$2,026$1,714
20 years$4,418$3,573$2,867$2,285$1,810$1,515
21 years$4,164$3,328$2,637$2,074$1,620$1,341
22 years$3,932$3,107$2,430$1,885$1,452$1,189
23 years$3,722$2,906$2,244$1,717$1,303$1,055
24 years$3,529$2,722$2,075$1,566$1,171$938
25 years$3,352$2,555$1,922$1,430$1,054$834
26 years$3,188$2,401$1,783$1,308$949$743
27 years$3,037$2,260$1,655$1,197$856$662
28 years$2,897$2,129$1,539$1,097$772$590
29 years$2,767$2,009$1,432$1,006$697$527
30 years$2,646$1,897$1,334$923$630$470
31 years$2,533$1,793$1,244$848$570$420
32 years$2,427$1,697$1,160$779$515$375
33 years$2,328$1,607$1,083$716$466$335
34 years$2,235$1,523$1,012$659$422$300
35 years$2,147$1,445$946$607$382$268
36 years$2,065$1,371$885$559$347$240
37 years$1,987$1,302$829$515$314$215
38 years$1,913$1,238$776$475$285$192
39 years$1,843$1,177$727$438$258$172
40 years$1,777$1,120$681$404$234$154
41 years$1,715$1,066$639$372$212$138
42 years$1,655$1,015$599$344$193$124
43 years$1,598$967$562$317$175$111
44 years$1,545$922$528$293$159$99
45 years$1,493$879$496$271$144$89
46 years$1,444$839$466$250$131$80
47 years$1,398$800$437$231$119$71
48 years$1,353$764$411$213$108$64
49 years$1,310$730$386$197$98$57
50 years$1,269$697$363$182$89$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,300,000, adding $2,968 every year, while hoping to spend $49,189 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: 35/42/23 Blend
63$1,300,000$1,300,000$1,300,000$1,300,000
64$1,435,661$1,366,761$1,346,611$1,475,803
65$1,529,762$1,381,396$1,339,386$1,520,372
66$1,631,813$1,395,099$1,330,270$1,563,709
67$1,742,572$1,407,773$1,319,149$1,609,478
68$1,862,874$1,419,314$1,305,900$1,657,926
69$1,993,638$1,429,611$1,290,398$1,709,329
70$2,135,873$1,438,546$1,272,511$1,763,994
71$2,290,692$1,445,994$1,252,099$1,822,260
72$2,459,315$1,451,822$1,229,018$1,884,506
73$2,643,091$1,455,886$1,203,115$1,951,153
74$2,843,498$1,458,036$1,174,232$2,022,667
75$3,062,168$1,458,113$1,142,201$2,099,567
76$3,300,894$1,455,945$1,106,850$2,182,429
77$3,561,651$1,451,352$1,067,995$2,271,892
78$3,846,613$1,444,143$1,025,447$2,368,664
79$4,158,174$1,434,112$979,006$2,473,533
80$4,498,969$1,421,045$928,464$2,587,370
81$4,871,901$1,404,713$873,604$2,711,141
82$5,280,163$1,384,873$814,199$2,845,919
83$5,727,275$1,361,267$750,010$2,992,890
84$6,217,112$1,333,623$680,790$3,153,372
85$6,753,940$1,301,653$606,278$3,328,819
86$7,342,458$1,265,051$526,206$3,520,847
87$7,987,844$1,223,494$440,289$3,731,242
88$8,695,797$1,176,638$348,231$3,961,983
89$9,472,598$1,124,122$249,726$4,215,257
90$10,325,161$1,065,563$144,450$4,493,488
91$11,261,106$1,000,554$32,068$4,799,356
92$12,288,825$928,667$0$5,135,825
93$13,417,563$849,449$0$5,527,738
94$14,657,503$762,421$0$5,966,957
95$16,019,864$667,076$0$6,449,709
96$17,517,006$562,879$0$6,980,523
97$19,162,545$449,264$0$7,564,402
98$20,971,481$325,634$0$8,206,867
99$22,960,341$191,359$0$8,914,014
100$25,147,332$45,772$0$9,692,572