Can I retire at age 64 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$113,133$112,126$111,142$110,183$109,246$105,918
2 years$56,007$54,964$53,953$52,972$52,022$48,698
3 years$36,967$35,919$34,911$33,940$33,005$29,789
4 years$27,449$26,404$25,406$24,452$23,539$20,456
5 years$21,740$20,701$19,716$18,781$17,894$14,952
6 years$17,935$16,904$15,934$15,020$14,159$11,360
7 years$15,218$14,196$13,241$12,348$11,515$8,860
8 years$13,181$12,169$11,229$10,359$9,553$7,039
9 years$11,598$10,595$9,672$8,823$8,045$5,670
10 years$10,332$9,339$8,432$7,606$6,855$4,615
11 years$9,297$8,314$7,424$6,619$5,895$3,787
12 years$8,435$7,462$6,588$5,806$5,109$3,128
13 years$7,706$6,744$5,886$5,126$4,455$2,597
14 years$7,082$6,130$5,289$4,550$3,905$2,165
15 years$6,542$5,600$4,775$4,058$3,438$1,811
16 years$6,070$5,138$4,329$3,633$3,039$1,519
17 years$5,653$4,732$3,939$3,265$2,694$1,277
18 years$5,284$4,372$3,596$2,942$2,396$1,076
19 years$4,953$4,052$3,292$2,658$2,135$908
20 years$4,656$3,765$3,021$2,408$1,907$767
21 years$4,388$3,507$2,779$2,185$1,707$649
22 years$4,144$3,274$2,561$1,987$1,530$549
23 years$3,922$3,062$2,365$1,809$1,373$465
24 years$3,719$2,869$2,187$1,650$1,234$395
25 years$3,532$2,692$2,026$1,507$1,111$335
26 years$3,360$2,530$1,879$1,378$1,001$284
27 years$3,201$2,381$1,745$1,261$902$241
28 years$3,053$2,244$1,622$1,156$814$205
29 years$2,916$2,117$1,509$1,060$735$174
30 years$2,789$1,999$1,406$973$664$148
31 years$2,670$1,890$1,311$893$600$126
32 years$2,558$1,788$1,223$821$543$107
33 years$2,453$1,693$1,142$755$492$91
34 years$2,355$1,605$1,067$695$445$77
35 years$2,263$1,522$997$639$403$66
36 years$2,176$1,445$933$589$365$56
37 years$2,094$1,372$873$543$331$48
38 years$2,016$1,304$818$500$300$41
39 years$1,943$1,240$766$461$272$34
40 years$1,873$1,180$718$425$247$29
41 years$1,807$1,123$673$392$224$25
42 years$1,744$1,070$632$362$203$21
43 years$1,685$1,019$593$334$184$18
44 years$1,628$972$556$309$167$15
45 years$1,574$926$522$285$152$13
46 years$1,522$884$491$263$138$11
47 years$1,473$843$461$243$125$9
48 years$1,426$805$433$225$114$8
49 years$1,381$769$407$208$103$7
50 years$1,338$734$383$192$94$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,370,000, adding $6,276 every year, while hoping to spend $31,565 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: 29/42/29 Blend
63$1,370,000$1,370,000$1,370,000$1,370,000
64$1,516,214$1,443,604$1,422,369$1,546,492
65$1,637,283$1,480,755$1,436,433$1,608,165
66$1,769,643$1,518,670$1,449,911$1,671,272
67$1,914,412$1,557,350$1,462,749$1,738,492
68$2,072,822$1,596,801$1,474,891$1,810,205
69$2,246,229$1,637,023$1,486,279$1,886,826
70$2,436,126$1,678,019$1,496,851$1,968,816
71$2,644,157$1,719,788$1,506,542$2,056,679
72$2,872,133$1,762,329$1,515,283$2,150,975
73$3,122,048$1,805,641$1,523,002$2,252,317
74$3,396,099$1,849,719$1,529,624$2,361,384
75$3,696,704$1,894,558$1,535,070$2,478,923
76$4,026,528$1,940,152$1,539,255$2,605,756
77$4,388,507$1,986,492$1,542,093$2,742,793
78$4,785,872$2,033,567$1,543,490$2,891,035
79$5,222,185$2,081,366$1,543,351$3,051,584
80$5,701,369$2,129,875$1,541,575$3,225,659
81$6,227,745$2,179,075$1,538,054$3,414,600
82$6,806,074$2,228,948$1,532,677$3,619,888
83$7,441,600$2,279,473$1,525,329$3,843,155
84$8,140,100$2,330,625$1,515,885$4,086,198
85$8,907,941$2,382,376$1,504,217$4,351,003
86$9,752,134$2,434,696$1,490,192$4,639,755
87$10,680,406$2,487,550$1,473,668$4,954,868
88$11,701,269$2,540,901$1,454,497$5,299,000
89$12,824,101$2,594,708$1,432,524$5,675,085
90$14,059,234$2,648,924$1,407,589$6,086,355
91$15,418,054$2,703,499$1,379,522$6,536,377
92$16,913,104$2,758,379$1,348,144$7,029,081
93$18,558,205$2,813,504$1,313,272$7,568,804
94$20,368,586$2,868,809$1,274,709$8,160,325
95$22,361,024$2,924,224$1,232,255$8,808,915
96$24,554,009$2,979,671$1,185,696$9,520,384
97$26,967,912$3,035,068$1,134,810$10,301,140
98$29,625,178$3,090,326$1,079,366$11,158,248
99$32,550,541$3,145,347$1,019,120$12,099,497
100$35,771,255$3,200,028$953,819$13,133,474