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%15.7%
1 years$111,482$110,489$109,520$108,574$107,651$105,134
2 years$55,189$54,161$53,165$52,199$51,262$48,741
3 years$36,427$35,395$34,401$33,445$32,523$30,076
4 years$27,048$26,019$25,035$24,095$23,196$20,841
5 years$21,422$20,399$19,428$18,507$17,633$15,378
6 years$17,673$16,657$15,701$14,800$13,952$11,800
7 years$14,996$13,989$13,048$12,168$11,347$9,297
8 years$12,989$11,991$11,065$10,208$9,413$7,465
9 years$11,429$10,440$9,531$8,695$7,927$6,079
10 years$10,181$9,203$8,309$7,495$6,755$5,004
11 years$9,161$8,193$7,315$6,523$5,809$4,154
12 years$8,312$7,353$6,492$5,721$5,034$3,472
13 years$7,594$6,645$5,800$5,051$4,390$2,917
14 years$6,979$6,040$5,211$4,484$3,848$2,462
15 years$6,446$5,518$4,705$3,999$3,388$2,086
16 years$5,981$5,063$4,266$3,580$2,994$1,773
17 years$5,571$4,662$3,882$3,217$2,655$1,510
18 years$5,206$4,308$3,544$2,899$2,361$1,289
19 years$4,881$3,993$3,244$2,620$2,104$1,103
20 years$4,588$3,710$2,977$2,373$1,880$944
21 years$4,324$3,456$2,738$2,153$1,682$810
22 years$4,084$3,226$2,524$1,958$1,508$695
23 years$3,865$3,017$2,330$1,783$1,353$598
24 years$3,665$2,827$2,155$1,626$1,216$514
25 years$3,481$2,653$1,996$1,485$1,095$442
26 years$3,311$2,493$1,851$1,358$986$381
27 years$3,154$2,347$1,719$1,243$889$328
28 years$3,009$2,211$1,598$1,139$802$283
29 years$2,874$2,086$1,487$1,044$724$244
30 years$2,748$1,970$1,385$958$654$210
31 years$2,631$1,862$1,291$880$592$182
32 years$2,521$1,762$1,205$809$535$157
33 years$2,418$1,669$1,125$744$484$135
34 years$2,321$1,582$1,051$684$439$117
35 years$2,230$1,500$983$630$397$101
36 years$2,144$1,424$919$580$360$87
37 years$2,063$1,352$861$535$326$75
38 years$1,987$1,285$806$493$296$65
39 years$1,914$1,222$755$454$268$56
40 years$1,846$1,163$708$419$243$48
41 years$1,781$1,107$664$387$221$42
42 years$1,719$1,054$622$357$200$36
43 years$1,660$1,004$584$329$182$31
44 years$1,604$957$548$304$165$27
45 years$1,551$913$515$281$150$23
46 years$1,500$871$484$259$136$20
47 years$1,451$831$454$240$123$17
48 years$1,405$793$427$222$112$15
49 years$1,361$758$401$205$102$13
50 years$1,318$724$377$189$92$11

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 $6,886 every year, while hoping to spend $58,390 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: 73/7/20 Blend
63$1,350,000$1,350,000$1,350,000$1,350,000
64$1,494,803$1,423,253$1,402,328$1,596,279
65$1,585,146$1,430,866$1,387,179$1,672,241
66$1,682,748$1,436,895$1,369,566$1,747,725
67$1,788,286$1,441,200$1,349,345$1,828,933
68$1,902,507$1,443,635$1,326,363$1,916,424
69$2,026,230$1,444,041$1,300,464$2,010,813
70$2,160,358$1,442,251$1,271,482$2,112,778
71$2,305,882$1,438,089$1,239,244$2,223,070
72$2,463,892$1,431,365$1,203,569$2,342,515
73$2,635,587$1,421,880$1,164,267$2,472,022
74$2,822,287$1,409,423$1,121,140$2,612,598
75$3,025,444$1,393,768$1,073,982$2,765,351
76$3,246,654$1,374,677$1,022,575$2,931,504
77$3,487,674$1,351,898$966,693$3,112,405
78$3,750,440$1,325,164$906,100$3,309,541
79$4,037,079$1,294,191$840,548$3,524,555
80$4,349,934$1,258,679$769,779$3,759,254
81$4,691,583$1,218,311$693,524$4,015,635
82$5,064,867$1,172,751$611,499$4,295,899
83$5,472,910$1,121,642$523,411$4,602,473
84$5,919,154$1,064,609$428,952$4,938,035
85$6,407,386$1,001,254$327,800$5,305,536
86$6,941,780$931,155$219,622$5,708,234
87$7,526,928$853,868$104,065$6,149,719
88$8,167,889$768,922$0$6,633,951
89$8,870,234$675,820$0$7,169,405
90$9,640,100$574,037$0$7,780,753
91$10,484,242$463,017$0$8,451,161
92$11,410,103$342,173$0$9,186,571
93$12,425,881$210,887$0$9,993,531
94$13,540,605$68,505$0$10,879,257
95$14,764,220$0$0$11,851,699
96$16,107,682$0$0$12,926,213
97$17,583,058$0$0$14,112,093
98$19,203,644$0$0$15,414,757
99$20,984,083$0$0$16,845,984
100$22,940,509$0$0$18,418,752