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

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$113,133$112,126$111,142$110,183$109,246$108,694
2 years$56,007$54,964$53,953$52,972$52,022$51,465
3 years$36,967$35,919$34,911$33,940$33,005$32,460
4 years$27,449$26,404$25,406$24,452$23,539$23,011
5 years$21,740$20,701$19,716$18,781$17,894$17,384
6 years$17,935$16,904$15,934$15,020$14,159$13,667
7 years$15,218$14,196$13,241$12,348$11,515$11,042
8 years$13,181$12,169$11,229$10,359$9,553$9,099
9 years$11,598$10,595$9,672$8,823$8,045$7,609
10 years$10,332$9,339$8,432$7,606$6,855$6,438
11 years$9,297$8,314$7,424$6,619$5,895$5,497
12 years$8,435$7,462$6,588$5,806$5,109$4,728
13 years$7,706$6,744$5,886$5,126$4,455$4,092
14 years$7,082$6,130$5,289$4,550$3,905$3,559
15 years$6,542$5,600$4,775$4,058$3,438$3,109
16 years$6,070$5,138$4,329$3,633$3,039$2,726
17 years$5,653$4,732$3,939$3,265$2,694$2,397
18 years$5,284$4,372$3,596$2,942$2,396$2,114
19 years$4,953$4,052$3,292$2,658$2,135$1,868
20 years$4,656$3,765$3,021$2,408$1,907$1,655
21 years$4,388$3,507$2,779$2,185$1,707$1,468
22 years$4,144$3,274$2,561$1,987$1,530$1,304
23 years$3,922$3,062$2,365$1,809$1,373$1,160
24 years$3,719$2,869$2,187$1,650$1,234$1,033
25 years$3,532$2,692$2,026$1,507$1,111$921
26 years$3,360$2,530$1,879$1,378$1,001$822
27 years$3,201$2,381$1,745$1,261$902$735
28 years$3,053$2,244$1,622$1,156$814$657
29 years$2,916$2,117$1,509$1,060$735$587
30 years$2,789$1,999$1,406$973$664$526
31 years$2,670$1,890$1,311$893$600$471
32 years$2,558$1,788$1,223$821$543$422
33 years$2,453$1,693$1,142$755$492$378
34 years$2,355$1,605$1,067$695$445$339
35 years$2,263$1,522$997$639$403$304
36 years$2,176$1,445$933$589$365$272
37 years$2,094$1,372$873$543$331$244
38 years$2,016$1,304$818$500$300$219
39 years$1,943$1,240$766$461$272$197
40 years$1,873$1,180$718$425$247$177
41 years$1,807$1,123$673$392$224$159
42 years$1,744$1,070$632$362$203$143
43 years$1,685$1,019$593$334$184$128
44 years$1,628$972$556$309$167$115
45 years$1,574$926$522$285$152$103
46 years$1,522$884$491$263$138$93
47 years$1,473$843$461$243$125$83
48 years$1,426$805$433$225$114$75
49 years$1,381$769$407$208$103$67
50 years$1,338$734$383$192$94$61

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 $3,163 every year, while hoping to spend $32,701 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: 63/11/26 Blend
63$1,370,000$1,370,000$1,370,000$1,370,000
64$1,513,003$1,440,393$1,419,158$1,597,710
65$1,632,535$1,476,178$1,431,906$1,691,234
66$1,763,164$1,512,621$1,443,985$1,789,461
67$1,905,987$1,549,720$1,455,338$1,896,038
68$2,062,211$1,587,470$1,465,906$2,011,785
69$2,233,168$1,625,867$1,475,625$2,137,609
70$2,420,321$1,664,904$1,484,428$2,274,510
71$2,625,284$1,704,575$1,492,247$2,423,586
72$2,849,833$1,744,869$1,499,007$2,586,051
73$3,095,924$1,785,776$1,504,632$2,763,241
74$3,365,712$1,827,283$1,509,041$2,956,628
75$3,661,570$1,869,374$1,512,149$3,167,836
76$3,986,110$1,912,034$1,513,866$3,398,653
77$4,342,212$1,955,242$1,514,100$3,651,049
78$4,733,047$1,998,978$1,512,750$3,927,198
79$5,162,106$2,043,216$1,509,716$4,229,495
80$5,633,237$2,087,930$1,504,888$4,560,577
81$6,150,678$2,133,090$1,498,153$4,923,354
82$6,719,098$2,178,662$1,489,392$5,321,031
83$7,343,640$2,224,611$1,478,481$5,757,141
84$8,029,970$2,270,896$1,465,288$6,235,578
85$8,784,330$2,317,472$1,449,679$6,760,635
86$9,613,597$2,364,294$1,431,508$7,337,042
87$10,525,347$2,411,307$1,410,626$7,970,012
88$11,527,927$2,458,455$1,386,877$8,665,291
89$12,630,533$2,505,678$1,360,095$9,429,215
90$13,843,298$2,552,907$1,330,109$10,268,762
91$15,177,386$2,600,070$1,296,738$11,191,627
92$16,645,095$2,647,089$1,259,795$12,206,290
93$18,259,979$2,693,881$1,219,083$13,322,097
94$20,036,969$2,740,353$1,174,394$14,549,349
95$21,992,518$2,786,409$1,125,514$15,899,399
96$24,144,754$2,831,942$1,072,218$17,384,761
97$26,513,652$2,876,840$1,014,270$19,019,226
98$29,121,220$2,920,980$951,424$20,817,994
99$31,991,710$2,964,234$883,422$22,797,818
100$35,151,844$3,006,461$809,997$24,977,162