Can I retire at age 64 with 1,310,000?

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 $1,310,000?

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$108,179$107,215$106,275$105,357$104,461$103,803
2 years$53,554$52,556$51,590$50,653$49,743$49,079
3 years$35,348$34,346$33,382$32,454$31,559$30,910
4 years$26,247$25,248$24,294$23,381$22,508$21,879
5 years$20,787$19,795$18,853$17,959$17,110$16,503
6 years$17,149$16,164$15,236$14,362$13,539$12,954
7 years$14,551$13,574$12,661$11,808$11,011$10,448
8 years$12,604$11,636$10,738$9,905$9,135$8,595
9 years$11,090$10,131$9,248$8,437$7,693$7,175
10 years$9,880$8,930$8,063$7,273$6,554$6,060
11 years$8,890$7,950$7,098$6,329$5,637$5,164
12 years$8,066$7,135$6,300$5,552$4,885$4,434
13 years$7,369$6,448$5,628$4,901$4,260$3,830
14 years$6,772$5,861$5,057$4,351$3,734$3,325
15 years$6,255$5,354$4,566$3,880$3,288$2,899
16 years$5,804$4,913$4,140$3,474$2,906$2,536
17 years$5,406$4,524$3,767$3,122$2,576$2,226
18 years$5,052$4,181$3,439$2,813$2,291$1,959
19 years$4,736$3,875$3,148$2,542$2,042$1,727
20 years$4,452$3,600$2,889$2,302$1,824$1,526
21 years$4,196$3,354$2,657$2,089$1,632$1,351
22 years$3,963$3,131$2,449$1,900$1,463$1,198
23 years$3,750$2,928$2,261$1,730$1,313$1,063
24 years$3,556$2,743$2,091$1,578$1,180$945
25 years$3,377$2,574$1,937$1,441$1,062$841
26 years$3,213$2,420$1,797$1,318$957$748
27 years$3,061$2,277$1,668$1,206$863$667
28 years$2,920$2,146$1,551$1,105$778$595
29 years$2,789$2,024$1,443$1,013$703$531
30 years$2,667$1,912$1,344$930$635$474
31 years$2,553$1,807$1,253$854$574$423
32 years$2,446$1,710$1,169$785$519$378
33 years$2,346$1,619$1,092$722$470$338
34 years$2,252$1,535$1,020$664$426$302
35 years$2,164$1,456$954$611$385$270
36 years$2,081$1,382$892$563$349$242
37 years$2,002$1,312$835$519$317$217
38 years$1,928$1,247$782$478$287$194
39 years$1,858$1,186$733$441$260$174
40 years$1,791$1,128$687$407$236$155
41 years$1,728$1,074$644$375$214$139
42 years$1,668$1,023$604$346$194$125
43 years$1,611$975$567$320$176$112
44 years$1,556$929$532$295$160$100
45 years$1,505$886$500$273$145$90
46 years$1,455$845$469$252$132$80
47 years$1,408$806$441$233$120$72
48 years$1,363$770$414$215$109$65
49 years$1,320$735$389$199$99$58
50 years$1,279$702$366$184$90$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,310,000, adding $2,306 every year, while hoping to spend $20,946 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: 77/13/10 Blend
63$1,310,000$1,310,000$1,310,000$1,310,000
64$1,445,999$1,376,569$1,356,264$1,554,670
65$1,571,204$1,421,734$1,379,412$1,671,641
66$1,708,479$1,468,411$1,402,634$1,796,951
67$1,859,031$1,516,650$1,425,910$1,933,748
68$2,024,192$1,566,507$1,449,218$2,083,168
69$2,205,430$1,618,036$1,472,537$2,246,461
70$2,404,359$1,671,295$1,495,842$2,425,002
71$2,622,759$1,726,344$1,519,109$2,620,307
72$2,862,591$1,783,244$1,542,309$2,834,045
73$3,126,013$1,842,061$1,565,414$3,068,055
74$3,415,404$1,902,860$1,588,393$3,324,361
75$3,733,385$1,965,710$1,611,214$3,605,192
76$4,082,843$2,030,682$1,633,842$3,913,004
77$4,466,958$2,097,851$1,656,241$4,250,503
78$4,889,235$2,167,292$1,678,372$4,620,668
79$5,353,533$2,239,086$1,700,193$5,026,782
80$5,864,105$2,313,313$1,721,662$5,472,460
81$6,425,639$2,390,060$1,742,732$5,961,686
82$7,043,295$2,469,414$1,763,355$6,498,847
83$7,722,763$2,551,467$1,783,480$7,088,777
84$8,470,310$2,636,314$1,803,051$7,736,802
85$9,292,841$2,724,053$1,822,013$8,448,789
86$10,197,965$2,814,786$1,840,305$9,231,202
87$11,194,065$2,908,618$1,857,863$10,091,162
88$12,290,379$3,005,660$1,874,620$11,036,516
89$13,497,083$3,106,023$1,890,506$12,075,908
90$14,825,394$3,209,826$1,905,446$13,218,863
91$16,287,669$3,317,192$1,919,362$14,475,875
92$17,897,522$3,428,246$1,932,173$15,858,508
93$19,669,960$3,543,120$1,943,790$17,379,501
94$21,621,512$3,661,950$1,954,124$19,052,892
95$23,770,398$3,784,876$1,963,078$20,894,148
96$26,136,689$3,912,046$1,970,553$22,920,313
97$28,742,507$4,043,612$1,976,441$25,150,166
98$31,612,223$4,179,730$1,980,633$27,604,398
99$34,772,698$4,320,564$1,983,012$30,305,811
100$38,253,525$4,466,284$1,983,455$33,279,527