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%18.1%
1 years$111,482$110,489$109,520$108,574$107,651$104,122
2 years$55,189$54,161$53,165$52,199$51,262$47,740
3 years$36,427$35,395$34,401$33,445$32,523$29,119
4 years$27,048$26,019$25,035$24,095$23,196$19,935
5 years$21,422$20,399$19,428$18,507$17,633$14,525
6 years$17,673$16,657$15,701$14,800$13,952$11,000
7 years$14,996$13,989$13,048$12,168$11,347$8,549
8 years$12,989$11,991$11,065$10,208$9,413$6,768
9 years$11,429$10,440$9,531$8,695$7,927$5,432
10 years$10,181$9,203$8,309$7,495$6,755$4,405
11 years$9,161$8,193$7,315$6,523$5,809$3,601
12 years$8,312$7,353$6,492$5,721$5,034$2,962
13 years$7,594$6,645$5,800$5,051$4,390$2,449
14 years$6,979$6,040$5,211$4,484$3,848$2,033
15 years$6,446$5,518$4,705$3,999$3,388$1,694
16 years$5,981$5,063$4,266$3,580$2,994$1,415
17 years$5,571$4,662$3,882$3,217$2,655$1,184
18 years$5,206$4,308$3,544$2,899$2,361$993
19 years$4,881$3,993$3,244$2,620$2,104$834
20 years$4,588$3,710$2,977$2,373$1,880$702
21 years$4,324$3,456$2,738$2,153$1,682$591
22 years$4,084$3,226$2,524$1,958$1,508$498
23 years$3,865$3,017$2,330$1,783$1,353$420
24 years$3,665$2,827$2,155$1,626$1,216$354
25 years$3,481$2,653$1,996$1,485$1,095$299
26 years$3,311$2,493$1,851$1,358$986$253
27 years$3,154$2,347$1,719$1,243$889$213
28 years$3,009$2,211$1,598$1,139$802$180
29 years$2,874$2,086$1,487$1,044$724$153
30 years$2,748$1,970$1,385$958$654$129
31 years$2,631$1,862$1,291$880$592$109
32 years$2,521$1,762$1,205$809$535$92
33 years$2,418$1,669$1,125$744$484$78
34 years$2,321$1,582$1,051$684$439$66
35 years$2,230$1,500$983$630$397$56
36 years$2,144$1,424$919$580$360$47
37 years$2,063$1,352$861$535$326$40
38 years$1,987$1,285$806$493$296$34
39 years$1,914$1,222$755$454$268$29
40 years$1,846$1,163$708$419$243$24
41 years$1,781$1,107$664$387$221$21
42 years$1,719$1,054$622$357$200$17
43 years$1,660$1,004$584$329$182$15
44 years$1,604$957$548$304$165$12
45 years$1,551$913$515$281$150$11
46 years$1,500$871$484$259$136$9
47 years$1,451$831$454$240$123$8
48 years$1,405$793$427$222$112$6
49 years$1,361$758$401$205$102$5
50 years$1,318$724$377$189$92$5

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 $2,673 every year, while hoping to spend $39,046 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: 41/42/17 Blend
63$1,350,000$1,350,000$1,350,000$1,350,000
64$1,490,457$1,418,907$1,397,982$1,543,991
65$1,600,939$1,446,889$1,403,270$1,610,183
66$1,721,382$1,474,933$1,407,426$1,677,777
67$1,852,759$1,503,002$1,410,372$1,750,112
68$1,996,145$1,531,053$1,412,024$1,827,640
69$2,152,720$1,559,043$1,412,295$1,910,861
70$2,323,784$1,586,923$1,411,093$2,000,324
71$2,510,769$1,614,641$1,408,323$2,096,637
72$2,715,250$1,642,140$1,403,884$2,200,469
73$2,938,961$1,669,361$1,397,671$2,312,558
74$3,183,814$1,696,239$1,389,572$2,433,721
75$3,451,912$1,722,704$1,379,471$2,564,856
76$3,745,572$1,748,681$1,367,248$2,706,956
77$4,067,344$1,774,090$1,352,775$2,861,116
78$4,420,038$1,798,845$1,335,918$3,028,545
79$4,806,749$1,822,855$1,316,538$3,210,575
80$5,230,884$1,846,022$1,294,488$3,408,678
81$5,696,196$1,868,239$1,269,616$3,624,476
82$6,206,822$1,889,396$1,241,761$3,859,761
83$6,767,313$1,909,373$1,210,756$4,116,507
84$7,382,688$1,928,041$1,176,425$4,396,894
85$8,058,472$1,945,264$1,138,585$4,703,328
86$8,800,753$1,960,899$1,097,044$5,038,460
87$9,616,236$1,974,789$1,051,602$5,405,218
88$10,512,309$1,986,771$1,002,048$5,806,831
89$11,497,111$1,996,670$948,163$6,246,860
90$12,579,608$2,004,298$889,718$6,729,234
91$13,769,679$2,009,459$826,474$7,258,287
92$15,078,205$2,011,942$758,180$7,838,800
93$16,517,178$2,011,523$684,575$8,476,046
94$18,099,807$2,007,965$605,385$9,175,841
95$19,840,648$2,001,015$520,326$9,944,601
96$21,755,736$1,990,407$429,099$10,789,400
97$23,862,740$1,975,856$331,393$11,718,043
98$26,181,129$1,957,062$226,884$12,739,135
99$28,732,351$1,933,705$115,232$13,862,169
100$31,540,042$1,905,448$0$15,097,612