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

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$111,482$110,489$109,520$108,574$107,651$106,174
2 years$55,189$54,161$53,165$52,199$51,262$49,777
3 years$36,427$35,395$34,401$33,445$32,523$31,075
4 years$27,048$26,019$25,035$24,095$23,196$21,797
5 years$21,422$20,399$19,428$18,507$17,633$16,287
6 years$17,673$16,657$15,701$14,800$13,952$12,661
7 years$14,996$13,989$13,048$12,168$11,347$10,111
8 years$12,989$11,991$11,065$10,208$9,413$8,232
9 years$11,429$10,440$9,531$8,695$7,927$6,800
10 years$10,181$9,203$8,309$7,495$6,755$5,681
11 years$9,161$8,193$7,315$6,523$5,809$4,788
12 years$8,312$7,353$6,492$5,721$5,034$4,064
13 years$7,594$6,645$5,800$5,051$4,390$3,470
14 years$6,979$6,040$5,211$4,484$3,848$2,977
15 years$6,446$5,518$4,705$3,999$3,388$2,564
16 years$5,981$5,063$4,266$3,580$2,994$2,216
17 years$5,571$4,662$3,882$3,217$2,655$1,920
18 years$5,206$4,308$3,544$2,899$2,361$1,668
19 years$4,881$3,993$3,244$2,620$2,104$1,452
20 years$4,588$3,710$2,977$2,373$1,880$1,266
21 years$4,324$3,456$2,738$2,153$1,682$1,106
22 years$4,084$3,226$2,524$1,958$1,508$967
23 years$3,865$3,017$2,330$1,783$1,353$847
24 years$3,665$2,827$2,155$1,626$1,216$742
25 years$3,481$2,653$1,996$1,485$1,095$651
26 years$3,311$2,493$1,851$1,358$986$572
27 years$3,154$2,347$1,719$1,243$889$502
28 years$3,009$2,211$1,598$1,139$802$441
29 years$2,874$2,086$1,487$1,044$724$388
30 years$2,748$1,970$1,385$958$654$341
31 years$2,631$1,862$1,291$880$592$301
32 years$2,521$1,762$1,205$809$535$265
33 years$2,418$1,669$1,125$744$484$233
34 years$2,321$1,582$1,051$684$439$205
35 years$2,230$1,500$983$630$397$181
36 years$2,144$1,424$919$580$360$159
37 years$2,063$1,352$861$535$326$140
38 years$1,987$1,285$806$493$296$124
39 years$1,914$1,222$755$454$268$109
40 years$1,846$1,163$708$419$243$96
41 years$1,781$1,107$664$387$221$85
42 years$1,719$1,054$622$357$200$75
43 years$1,660$1,004$584$329$182$66
44 years$1,604$957$548$304$165$58
45 years$1,551$913$515$281$150$51
46 years$1,500$871$484$259$136$45
47 years$1,451$831$454$240$123$40
48 years$1,405$793$427$222$112$35
49 years$1,361$758$401$205$102$31
50 years$1,318$724$377$189$92$27

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 $6,567 every year, while hoping to spend $44,088 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: 63/15/22 Blend
63$1,350,000$1,350,000$1,350,000$1,350,000
64$1,494,474$1,422,924$1,401,999$1,579,688
65$1,600,001$1,445,738$1,402,057$1,660,794
66$1,714,814$1,468,192$1,400,638$1,743,832
67$1,839,814$1,490,222$1,397,649$1,833,521
68$1,975,992$1,511,760$1,392,987$1,930,517
69$2,124,438$1,532,731$1,386,547$2,035,541
70$2,286,353$1,553,057$1,378,218$2,149,388
71$2,463,057$1,572,654$1,367,885$2,272,938
72$2,656,006$1,591,430$1,355,426$2,407,157
73$2,866,799$1,609,291$1,340,714$2,553,112
74$3,097,200$1,626,134$1,323,615$2,711,982
75$3,349,148$1,641,848$1,303,989$2,885,064
76$3,624,780$1,656,317$1,281,692$3,073,791
77$3,926,448$1,669,417$1,256,569$3,279,740
78$4,256,742$1,681,015$1,228,460$3,504,653
79$4,618,515$1,690,970$1,197,199$3,750,451
80$5,014,907$1,699,131$1,162,609$4,019,250
81$5,449,379$1,705,340$1,124,508$4,313,386
82$5,925,739$1,709,426$1,082,703$4,635,433
83$6,448,185$1,711,208$1,036,994$4,988,232
84$7,021,339$1,710,495$987,171$5,374,913
85$7,650,290$1,707,084$933,016$5,798,929
86$8,340,646$1,700,758$874,299$6,264,087
87$9,098,585$1,691,288$810,781$6,774,585
88$9,930,910$1,678,430$742,211$7,335,052
89$10,845,116$1,661,927$668,329$7,950,591
90$11,849,461$1,641,505$588,861$8,626,832
91$12,953,041$1,616,874$503,523$9,369,977
92$14,165,876$1,587,726$412,016$10,186,870
93$15,499,007$1,553,736$314,030$11,085,051
94$16,964,596$1,514,559$209,240$12,072,838
95$18,576,043$1,469,830$97,308$13,159,400
96$20,348,110$1,419,163$0$14,354,845
97$22,297,064$1,362,148$0$15,675,514
98$24,440,825$1,298,354$0$17,153,212
99$26,799,137$1,227,321$0$18,778,707
100$29,393,755$1,148,566$0$20,567,025