Can I retire at age 64 with 1,350,000?

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$111,482$110,489$109,520$108,574$107,651$104,751
2 years$55,189$54,161$53,165$52,199$51,262$48,362
3 years$36,427$35,395$34,401$33,445$32,523$29,712
4 years$27,048$26,019$25,035$24,095$23,196$20,496
5 years$21,422$20,399$19,428$18,507$17,633$15,052
6 years$17,673$16,657$15,701$14,800$13,952$11,493
7 years$14,996$13,989$13,048$12,168$11,347$9,009
8 years$12,989$11,991$11,065$10,208$9,413$7,196
9 years$11,429$10,440$9,531$8,695$7,927$5,828
10 years$10,181$9,203$8,309$7,495$6,755$4,771
11 years$9,161$8,193$7,315$6,523$5,809$3,938
12 years$8,312$7,353$6,492$5,721$5,034$3,272
13 years$7,594$6,645$5,800$5,051$4,390$2,733
14 years$6,979$6,040$5,211$4,484$3,848$2,292
15 years$6,446$5,518$4,705$3,999$3,388$1,930
16 years$5,981$5,063$4,266$3,580$2,994$1,629
17 years$5,571$4,662$3,882$3,217$2,655$1,379
18 years$5,206$4,308$3,544$2,899$2,361$1,169
19 years$4,881$3,993$3,244$2,620$2,104$993
20 years$4,588$3,710$2,977$2,373$1,880$845
21 years$4,324$3,456$2,738$2,153$1,682$720
22 years$4,084$3,226$2,524$1,958$1,508$614
23 years$3,865$3,017$2,330$1,783$1,353$524
24 years$3,665$2,827$2,155$1,626$1,216$447
25 years$3,481$2,653$1,996$1,485$1,095$382
26 years$3,311$2,493$1,851$1,358$986$327
27 years$3,154$2,347$1,719$1,243$889$279
28 years$3,009$2,211$1,598$1,139$802$239
29 years$2,874$2,086$1,487$1,044$724$205
30 years$2,748$1,970$1,385$958$654$175
31 years$2,631$1,862$1,291$880$592$150
32 years$2,521$1,762$1,205$809$535$129
33 years$2,418$1,669$1,125$744$484$110
34 years$2,321$1,582$1,051$684$439$94
35 years$2,230$1,500$983$630$397$81
36 years$2,144$1,424$919$580$360$69
37 years$2,063$1,352$861$535$326$59
38 years$1,987$1,285$806$493$296$51
39 years$1,914$1,222$755$454$268$44
40 years$1,846$1,163$708$419$243$37
41 years$1,781$1,107$664$387$221$32
42 years$1,719$1,054$622$357$200$28
43 years$1,660$1,004$584$329$182$24
44 years$1,604$957$548$304$165$20
45 years$1,551$913$515$281$150$17
46 years$1,500$871$484$259$136$15
47 years$1,451$831$454$240$123$13
48 years$1,405$793$427$222$112$11
49 years$1,361$758$401$205$102$9
50 years$1,318$724$377$189$92$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,350,000, adding $6,220 every year, while hoping to spend $54,252 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: 37/38/25 Blend
63$1,350,000$1,350,000$1,350,000$1,350,000
64$1,494,116$1,422,566$1,401,641$1,538,008
65$1,588,792$1,434,548$1,390,872$1,582,757
66$1,691,307$1,445,299$1,377,924$1,625,614
67$1,802,403$1,454,701$1,362,667$1,670,840
68$1,922,895$1,462,629$1,344,964$1,718,681
69$2,053,683$1,468,950$1,324,673$1,769,414
70$2,195,752$1,473,522$1,301,643$1,823,347
71$2,350,189$1,476,195$1,275,719$1,880,822
72$2,518,189$1,476,809$1,246,735$1,942,220
73$2,701,065$1,475,194$1,214,522$2,007,965
74$2,900,265$1,471,169$1,178,899$2,078,529
75$3,117,379$1,464,543$1,139,679$2,154,436
76$3,354,159$1,455,113$1,096,666$2,236,269
77$3,612,533$1,442,664$1,049,655$2,324,675
78$3,894,623$1,426,966$998,430$2,420,373
79$4,202,765$1,407,778$942,768$2,524,160
80$4,539,531$1,384,843$882,434$2,636,924
81$4,907,752$1,357,889$817,184$2,759,646
82$5,310,544$1,326,627$746,761$2,893,417
83$5,751,341$1,290,753$670,899$3,039,445
84$6,233,921$1,249,943$589,318$3,199,072
85$6,762,446$1,203,856$501,725$3,373,782
86$7,341,500$1,152,129$407,818$3,565,222
87$7,976,130$1,094,381$307,277$3,775,215
88$8,671,895$1,030,205$199,770$4,005,780
89$9,434,918$959,174$84,951$4,259,155
90$10,271,941$880,835$0$4,537,813
91$11,190,392$794,709$0$4,854,522
92$12,198,452$700,290$0$5,227,123
93$13,305,134$597,044$0$5,636,392
94$14,520,365$484,406$0$6,086,151
95$15,855,079$361,779$0$6,580,621
96$17,321,323$228,533$0$7,124,460
97$18,932,369$84,002$0$7,722,814
98$20,702,836$0$0$8,381,363
99$22,648,831$0$0$9,136,700
100$24,788,098$0$0$10,005,874