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

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$108,179$107,215$106,275$105,357$104,461$103,759
2 years$53,554$52,556$51,590$50,653$49,743$49,036
3 years$35,348$34,346$33,382$32,454$31,559$30,867
4 years$26,247$25,248$24,294$23,381$22,508$21,838
5 years$20,787$19,795$18,853$17,959$17,110$16,463
6 years$17,149$16,164$15,236$14,362$13,539$12,916
7 years$14,551$13,574$12,661$11,808$11,011$10,412
8 years$12,604$11,636$10,738$9,905$9,135$8,560
9 years$11,090$10,131$9,248$8,437$7,693$7,142
10 years$9,880$8,930$8,063$7,273$6,554$6,028
11 years$8,890$7,950$7,098$6,329$5,637$5,134
12 years$8,066$7,135$6,300$5,552$4,885$4,405
13 years$7,369$6,448$5,628$4,901$4,260$3,803
14 years$6,772$5,861$5,057$4,351$3,734$3,299
15 years$6,255$5,354$4,566$3,880$3,288$2,874
16 years$5,804$4,913$4,140$3,474$2,906$2,513
17 years$5,406$4,524$3,767$3,122$2,576$2,204
18 years$5,052$4,181$3,439$2,813$2,291$1,938
19 years$4,736$3,875$3,148$2,542$2,042$1,708
20 years$4,452$3,600$2,889$2,302$1,824$1,508
21 years$4,196$3,354$2,657$2,089$1,632$1,334
22 years$3,963$3,131$2,449$1,900$1,463$1,182
23 years$3,750$2,928$2,261$1,730$1,313$1,048
24 years$3,556$2,743$2,091$1,578$1,180$931
25 years$3,377$2,574$1,937$1,441$1,062$827
26 years$3,213$2,420$1,797$1,318$957$736
27 years$3,061$2,277$1,668$1,206$863$656
28 years$2,920$2,146$1,551$1,105$778$584
29 years$2,789$2,024$1,443$1,013$703$521
30 years$2,667$1,912$1,344$930$635$465
31 years$2,553$1,807$1,253$854$574$415
32 years$2,446$1,710$1,169$785$519$370
33 years$2,346$1,619$1,092$722$470$331
34 years$2,252$1,535$1,020$664$426$295
35 years$2,164$1,456$954$611$385$264
36 years$2,081$1,382$892$563$349$236
37 years$2,002$1,312$835$519$317$211
38 years$1,928$1,247$782$478$287$189
39 years$1,858$1,186$733$441$260$169
40 years$1,791$1,128$687$407$236$151
41 years$1,728$1,074$644$375$214$135
42 years$1,668$1,023$604$346$194$121
43 years$1,611$975$567$320$176$108
44 years$1,556$929$532$295$160$97
45 years$1,505$886$500$273$145$87
46 years$1,455$845$469$252$132$78
47 years$1,408$806$441$233$120$70
48 years$1,363$770$414$215$109$62
49 years$1,320$735$389$199$99$56
50 years$1,279$702$366$184$90$50

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 $5,881 every year, while hoping to spend $25,218 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: 83/9/8 Blend
63$1,310,000$1,310,000$1,310,000$1,310,000
64$1,449,686$1,380,256$1,359,951$1,568,164
65$1,570,722$1,421,057$1,378,678$1,687,290
66$1,703,259$1,463,012$1,397,187$1,814,085
67$1,848,443$1,506,151$1,415,444$1,952,541
68$2,007,536$1,550,504$1,433,413$2,103,812
69$2,181,929$1,596,103$1,451,057$2,269,172
70$2,373,153$1,642,980$1,468,334$2,450,019
71$2,582,895$1,691,166$1,485,204$2,647,896
72$2,813,013$1,740,696$1,501,621$2,864,502
73$3,065,553$1,791,602$1,517,538$3,101,709
74$3,342,768$1,843,920$1,532,904$3,361,576
75$3,647,142$1,897,683$1,547,668$3,646,374
76$3,981,410$1,952,929$1,561,774$3,958,603
77$4,348,584$2,009,693$1,575,164$4,301,018
78$4,751,984$2,068,012$1,587,776$4,676,653
79$5,195,266$2,127,924$1,599,546$5,088,850
80$5,682,457$2,189,467$1,610,405$5,541,292
81$6,217,997$2,252,679$1,620,282$6,038,037
82$6,806,773$2,317,601$1,629,102$6,583,552
83$7,454,172$2,384,272$1,636,786$7,182,764
84$8,166,129$2,452,732$1,643,249$7,841,095
85$8,949,181$2,523,024$1,648,406$8,564,525
86$9,810,534$2,595,188$1,652,163$9,359,637
87$10,758,123$2,669,267$1,654,426$10,233,689
88$11,800,695$2,745,304$1,655,092$11,194,674
89$12,947,883$2,823,342$1,654,055$12,251,402
90$14,210,306$2,903,424$1,651,205$13,413,578
91$15,599,661$2,985,596$1,646,424$14,691,896
92$17,128,837$3,069,900$1,639,589$16,098,140
93$18,812,036$3,156,383$1,630,573$17,645,294
94$20,664,907$3,245,090$1,619,241$19,347,663
95$22,704,694$3,336,065$1,605,452$21,221,014
96$24,950,396$3,429,355$1,589,057$23,282,716
97$27,422,948$3,525,006$1,569,903$25,551,911
98$30,145,421$3,623,063$1,547,827$28,049,689
99$33,143,234$3,723,574$1,522,659$30,799,293
100$36,444,398$3,826,583$1,494,222$33,826,332