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%14.1%
1 years$108,179$107,215$106,275$105,357$104,461$102,688
2 years$53,554$52,556$51,590$50,653$49,743$47,963
3 years$35,348$34,346$33,382$32,454$31,559$29,826
4 years$26,247$25,248$24,294$23,381$22,508$20,836
5 years$20,787$19,795$18,853$17,959$17,110$15,504
6 years$17,149$16,164$15,236$14,362$13,539$12,000
7 years$14,551$13,574$12,661$11,808$11,011$9,540
8 years$12,604$11,636$10,738$9,905$9,135$7,732
9 years$11,090$10,131$9,248$8,437$7,693$6,357
10 years$9,880$8,930$8,063$7,273$6,554$5,285
11 years$8,890$7,950$7,098$6,329$5,637$4,432
12 years$8,066$7,135$6,300$5,552$4,885$3,742
13 years$7,369$6,448$5,628$4,901$4,260$3,178
14 years$6,772$5,861$5,057$4,351$3,734$2,712
15 years$6,255$5,354$4,566$3,880$3,288$2,323
16 years$5,804$4,913$4,140$3,474$2,906$1,997
17 years$5,406$4,524$3,767$3,122$2,576$1,720
18 years$5,052$4,181$3,439$2,813$2,291$1,486
19 years$4,736$3,875$3,148$2,542$2,042$1,286
20 years$4,452$3,600$2,889$2,302$1,824$1,115
21 years$4,196$3,354$2,657$2,089$1,632$968
22 years$3,963$3,131$2,449$1,900$1,463$841
23 years$3,750$2,928$2,261$1,730$1,313$732
24 years$3,556$2,743$2,091$1,578$1,180$638
25 years$3,377$2,574$1,937$1,441$1,062$556
26 years$3,213$2,420$1,797$1,318$957$485
27 years$3,061$2,277$1,668$1,206$863$423
28 years$2,920$2,146$1,551$1,105$778$370
29 years$2,789$2,024$1,443$1,013$703$323
30 years$2,667$1,912$1,344$930$635$282
31 years$2,553$1,807$1,253$854$574$247
32 years$2,446$1,710$1,169$785$519$216
33 years$2,346$1,619$1,092$722$470$189
34 years$2,252$1,535$1,020$664$426$165
35 years$2,164$1,456$954$611$385$145
36 years$2,081$1,382$892$563$349$127
37 years$2,002$1,312$835$519$317$111
38 years$1,928$1,247$782$478$287$97
39 years$1,858$1,186$733$441$260$85
40 years$1,791$1,128$687$407$236$74
41 years$1,728$1,074$644$375$214$65
42 years$1,668$1,023$604$346$194$57
43 years$1,611$975$567$320$176$50
44 years$1,556$929$532$295$160$44
45 years$1,505$886$500$273$145$38
46 years$1,455$845$469$252$132$34
47 years$1,408$806$441$233$120$29
48 years$1,363$770$414$215$109$26
49 years$1,320$735$389$199$99$23
50 years$1,279$702$366$184$90$20

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 $2,044 every year, while hoping to spend $55,813 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: 47/32/21 Blend
63$1,310,000$1,310,000$1,310,000$1,310,000
64$1,445,728$1,376,298$1,355,993$1,504,945
65$1,533,808$1,384,352$1,342,035$1,554,584
66$1,629,001$1,390,930$1,325,738$1,602,692
67$1,731,975$1,395,901$1,306,965$1,653,757
68$1,843,461$1,399,125$1,285,573$1,708,080
69$1,964,266$1,400,454$1,261,412$1,765,997
70$2,095,275$1,399,731$1,234,323$1,827,880
71$2,237,463$1,396,788$1,204,143$1,894,141
72$2,391,901$1,391,447$1,170,698$1,965,238
73$2,559,767$1,383,520$1,133,809$2,041,680
74$2,742,359$1,372,808$1,093,287$2,124,030
75$2,941,102$1,359,097$1,048,934$2,212,913
76$3,157,565$1,342,165$1,000,545$2,309,022
77$3,393,477$1,321,771$947,903$2,413,125
78$3,650,738$1,297,664$890,784$2,526,074
79$3,931,440$1,269,576$828,952$2,648,810
80$4,237,886$1,237,224$762,161$2,782,379
81$4,572,610$1,200,308$690,154$2,927,937
82$4,938,404$1,158,511$612,662$3,086,764
83$5,338,340$1,111,497$529,404$3,260,279
84$5,775,800$1,058,910$440,089$3,450,051
85$6,254,509$1,000,373$344,409$3,657,817
86$6,778,568$935,491$242,046$3,885,497
87$7,352,493$863,841$132,665$4,135,219
88$7,981,258$784,979$15,920$4,409,332
89$8,670,338$698,436$0$4,710,438
90$9,425,768$603,714$0$5,065,762
91$10,254,189$500,289$0$5,459,522
92$11,162,920$387,607$0$5,891,752
93$12,160,020$265,082$0$6,366,428
94$13,254,366$132,094$0$6,887,940
95$14,455,737$0$0$7,461,133
96$15,774,905$0$0$8,095,582
97$17,223,735$0$0$8,843,631
98$18,815,300$0$0$9,665,533
99$20,563,998$0$0$10,568,744
100$22,485,694$0$0$11,561,479