Can I retire at age 64 with 1,360,000?

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$112,308$111,307$110,331$109,379$108,448$106,784
2 years$55,598$54,562$53,559$52,586$51,642$49,969
3 years$36,697$35,657$34,656$33,692$32,764$31,134
4 years$27,248$26,212$25,221$24,273$23,367$21,794
5 years$21,581$20,550$19,572$18,644$17,764$16,251
6 years$17,804$16,781$15,817$14,910$14,056$12,606
7 years$15,107$14,093$13,144$12,258$11,431$10,044
8 years$13,085$12,080$11,147$10,283$9,483$8,159
9 years$11,513$10,518$9,601$8,759$7,986$6,724
10 years$10,257$9,271$8,371$7,550$6,805$5,603
11 years$9,229$8,253$7,369$6,571$5,852$4,711
12 years$8,374$7,408$6,540$5,764$5,071$3,988
13 years$7,650$6,694$5,843$5,088$4,422$3,396
14 years$7,031$6,085$5,250$4,517$3,877$2,906
15 years$6,494$5,559$4,740$4,028$3,413$2,496
16 years$6,025$5,100$4,298$3,607$3,017$2,151
17 years$5,612$4,697$3,911$3,241$2,675$1,859
18 years$5,245$4,340$3,570$2,921$2,378$1,610
19 years$4,917$4,022$3,268$2,639$2,120$1,398
20 years$4,622$3,738$2,999$2,390$1,893$1,215
21 years$4,356$3,482$2,759$2,169$1,694$1,058
22 years$4,114$3,250$2,543$1,972$1,519$923
23 years$3,893$3,040$2,348$1,796$1,363$805
24 years$3,692$2,848$2,171$1,638$1,225$704
25 years$3,506$2,673$2,011$1,496$1,103$615
26 years$3,335$2,512$1,865$1,368$993$538
27 years$3,178$2,364$1,732$1,252$896$471
28 years$3,031$2,228$1,610$1,147$808$413
29 years$2,895$2,101$1,498$1,052$730$362
30 years$2,768$1,985$1,396$966$659$317
31 years$2,650$1,876$1,301$887$596$279
32 years$2,539$1,775$1,214$815$539$244
33 years$2,436$1,681$1,133$749$488$215
34 years$2,338$1,593$1,059$690$442$188
35 years$2,246$1,511$990$635$400$165
36 years$2,160$1,434$926$585$363$145
37 years$2,078$1,362$867$539$329$128
38 years$2,001$1,295$812$496$298$112
39 years$1,928$1,231$761$458$270$99
40 years$1,859$1,171$713$422$245$87
41 years$1,794$1,115$668$390$222$76
42 years$1,731$1,062$627$360$202$67
43 years$1,672$1,012$588$332$183$59
44 years$1,616$964$552$306$166$52
45 years$1,562$920$519$283$151$45
46 years$1,511$877$487$261$137$40
47 years$1,462$837$458$242$124$35
48 years$1,415$799$430$223$113$31
49 years$1,371$763$404$206$103$27
50 years$1,328$729$380$191$93$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,360,000, adding $5,567 every year, while hoping to spend $47,833 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: 69/25/6 Blend
63$1,360,000$1,360,000$1,360,000$1,360,000
64$1,504,462$1,432,382$1,411,302$1,606,634
65$1,607,024$1,451,675$1,407,687$1,694,249
66$1,718,443$1,470,310$1,402,347$1,783,661
67$1,839,573$1,488,205$1,395,175$1,880,155
68$1,971,353$1,505,270$1,386,057$1,984,412
69$2,114,815$1,521,412$1,374,874$2,097,186
70$2,271,096$1,536,531$1,361,502$2,219,308
71$2,441,444$1,550,518$1,345,809$2,351,691
72$2,627,238$1,563,259$1,327,659$2,495,344
73$2,829,990$1,574,633$1,306,910$2,651,378
74$3,051,369$1,584,509$1,283,411$2,821,016
75$3,293,208$1,592,751$1,257,006$3,005,609
76$3,557,530$1,599,209$1,227,529$3,206,645
77$3,846,557$1,603,730$1,194,811$3,425,763
78$4,162,739$1,606,146$1,158,670$3,664,771
79$4,508,772$1,606,281$1,118,919$3,925,661
80$4,887,626$1,603,947$1,075,362$4,210,631
81$5,302,570$1,598,947$1,027,793$4,522,101
82$5,757,205$1,591,069$975,997$4,862,741
83$6,255,497$1,580,088$919,750$5,235,494
84$6,801,813$1,565,767$858,817$5,643,605
85$7,400,963$1,547,855$792,952$6,090,650
86$8,058,245$1,526,084$721,901$6,580,571
87$8,779,495$1,500,172$645,394$7,117,716
88$9,571,142$1,469,818$563,152$7,706,876
89$10,440,264$1,434,705$474,883$8,353,335
90$11,394,662$1,394,496$380,283$9,062,915
91$12,442,928$1,348,837$279,033$9,842,037
92$13,594,526$1,297,349$170,800$10,697,779
93$14,859,883$1,239,635$55,237$11,637,943
94$16,250,487$1,175,273$0$12,671,131
95$17,778,991$1,103,815$0$13,811,185
96$19,459,337$1,024,792$0$15,068,255
97$21,306,886$937,703$0$16,450,350
98$23,338,560$842,022$0$17,970,200
99$25,573,003$737,191$0$19,641,835
100$28,030,758$622,622$0$21,480,720