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%17.5%
1 years$108,179$107,215$106,275$105,357$104,461$101,280
2 years$53,554$52,556$51,590$50,653$49,743$46,565
3 years$35,348$34,346$33,382$32,454$31,559$28,484
4 years$26,247$25,248$24,294$23,381$22,508$19,560
5 years$20,787$19,795$18,853$17,959$17,110$14,297
6 years$17,149$16,164$15,236$14,362$13,539$10,863
7 years$14,551$13,574$12,661$11,808$11,011$8,472
8 years$12,604$11,636$10,738$9,905$9,135$6,731
9 years$11,090$10,131$9,248$8,437$7,693$5,422
10 years$9,880$8,930$8,063$7,273$6,554$4,413
11 years$8,890$7,950$7,098$6,329$5,637$3,621
12 years$8,066$7,135$6,300$5,552$4,885$2,991
13 years$7,369$6,448$5,628$4,901$4,260$2,483
14 years$6,772$5,861$5,057$4,351$3,734$2,070
15 years$6,255$5,354$4,566$3,880$3,288$1,732
16 years$5,804$4,913$4,140$3,474$2,906$1,453
17 years$5,406$4,524$3,767$3,122$2,576$1,221
18 years$5,052$4,181$3,439$2,813$2,291$1,029
19 years$4,736$3,875$3,148$2,542$2,042$868
20 years$4,452$3,600$2,889$2,302$1,824$734
21 years$4,196$3,354$2,657$2,089$1,632$620
22 years$3,963$3,131$2,449$1,900$1,463$525
23 years$3,750$2,928$2,261$1,730$1,313$445
24 years$3,556$2,743$2,091$1,578$1,180$377
25 years$3,377$2,574$1,937$1,441$1,062$320
26 years$3,213$2,420$1,797$1,318$957$272
27 years$3,061$2,277$1,668$1,206$863$231
28 years$2,920$2,146$1,551$1,105$778$196
29 years$2,789$2,024$1,443$1,013$703$167
30 years$2,667$1,912$1,344$930$635$142
31 years$2,553$1,807$1,253$854$574$120
32 years$2,446$1,710$1,169$785$519$102
33 years$2,346$1,619$1,092$722$470$87
34 years$2,252$1,535$1,020$664$426$74
35 years$2,164$1,456$954$611$385$63
36 years$2,081$1,382$892$563$349$54
37 years$2,002$1,312$835$519$317$46
38 years$1,928$1,247$782$478$287$39
39 years$1,858$1,186$733$441$260$33
40 years$1,791$1,128$687$407$236$28
41 years$1,728$1,074$644$375$214$24
42 years$1,668$1,023$604$346$194$20
43 years$1,611$975$567$320$176$17
44 years$1,556$929$532$295$160$15
45 years$1,505$886$500$273$145$13
46 years$1,455$845$469$252$132$11
47 years$1,408$806$441$233$120$9
48 years$1,363$770$414$215$109$8
49 years$1,320$735$389$199$99$7
50 years$1,279$702$366$184$90$6

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 $3,219 every year, while hoping to spend $28,394 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: 56/39/5 Blend
63$1,310,000$1,310,000$1,310,000$1,310,000
64$1,446,940$1,377,510$1,357,205$1,526,364
65$1,564,317$1,414,797$1,372,461$1,617,455
66$1,692,715$1,452,960$1,387,276$1,713,144
67$1,833,228$1,492,011$1,401,605$1,816,650
68$1,987,060$1,531,962$1,415,402$1,928,720
69$2,155,539$1,572,827$1,428,617$2,050,174
70$2,340,125$1,614,617$1,441,197$2,181,916
71$2,542,428$1,657,344$1,453,087$2,324,942
72$2,764,220$1,701,017$1,464,229$2,480,347
73$3,007,452$1,745,649$1,474,562$2,649,335
74$3,274,274$1,791,247$1,484,022$2,833,235
75$3,567,053$1,837,822$1,492,541$3,033,508
76$3,888,399$1,885,381$1,500,047$3,251,763
77$4,241,183$1,933,933$1,506,466$3,489,772
78$4,628,571$1,983,482$1,511,719$3,749,486
79$5,054,047$2,034,035$1,515,725$4,033,056
80$5,521,454$2,085,597$1,518,395$4,342,849
81$6,035,020$2,138,169$1,519,639$4,681,471
82$6,599,407$2,191,754$1,519,362$5,051,796
83$7,219,750$2,246,353$1,517,464$5,456,986
84$7,901,704$2,301,964$1,513,838$5,900,526
85$8,651,502$2,358,585$1,508,376$6,386,257
86$9,476,010$2,416,210$1,500,961$6,918,407
87$10,382,792$2,474,833$1,491,473$7,501,636
88$11,380,183$2,534,447$1,479,784$8,141,077
89$12,477,366$2,595,039$1,465,761$8,842,386
90$13,684,459$2,656,597$1,449,265$9,611,795
91$15,012,609$2,719,105$1,430,150$10,456,169
92$16,474,098$2,782,545$1,408,264$11,383,072
93$18,082,461$2,846,894$1,383,445$12,400,840
94$19,852,609$2,912,129$1,355,528$13,518,656
95$21,800,973$2,978,221$1,324,336$14,746,639
96$23,945,657$3,045,139$1,289,686$16,095,941
97$26,306,609$3,112,846$1,251,386$17,578,846
98$28,905,812$3,181,304$1,209,236$19,208,895
99$31,767,485$3,250,468$1,163,025$21,001,004
100$34,918,317$3,320,289$1,112,535$22,971,614