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%19.1%
1 years$113,133$112,126$111,142$110,183$109,246$105,244
2 years$56,007$54,964$53,953$52,972$52,022$48,035
3 years$36,967$35,919$34,911$33,940$33,005$29,158
4 years$27,449$26,404$25,406$24,452$23,539$19,862
5 years$21,740$20,701$19,716$18,781$17,894$14,395
6 years$17,935$16,904$15,934$15,020$14,159$10,842
7 years$15,218$14,196$13,241$12,348$11,515$8,378
8 years$13,181$12,169$11,229$10,359$9,553$6,594
9 years$11,598$10,595$9,672$8,823$8,045$5,260
10 years$10,332$9,339$8,432$7,606$6,855$4,238
11 years$9,297$8,314$7,424$6,619$5,895$3,442
12 years$8,435$7,462$6,588$5,806$5,109$2,813
13 years$7,706$6,744$5,886$5,126$4,455$2,310
14 years$7,082$6,130$5,289$4,550$3,905$1,904
15 years$6,542$5,600$4,775$4,058$3,438$1,575
16 years$6,070$5,138$4,329$3,633$3,039$1,306
17 years$5,653$4,732$3,939$3,265$2,694$1,085
18 years$5,284$4,372$3,596$2,942$2,396$903
19 years$4,953$4,052$3,292$2,658$2,135$753
20 years$4,656$3,765$3,021$2,408$1,907$629
21 years$4,388$3,507$2,779$2,185$1,707$525
22 years$4,144$3,274$2,561$1,987$1,530$439
23 years$3,922$3,062$2,365$1,809$1,373$367
24 years$3,719$2,869$2,187$1,650$1,234$308
25 years$3,532$2,692$2,026$1,507$1,111$258
26 years$3,360$2,530$1,879$1,378$1,001$216
27 years$3,201$2,381$1,745$1,261$902$181
28 years$3,053$2,244$1,622$1,156$814$152
29 years$2,916$2,117$1,509$1,060$735$127
30 years$2,789$1,999$1,406$973$664$107
31 years$2,670$1,890$1,311$893$600$90
32 years$2,558$1,788$1,223$821$543$75
33 years$2,453$1,693$1,142$755$492$63
34 years$2,355$1,605$1,067$695$445$53
35 years$2,263$1,522$997$639$403$44
36 years$2,176$1,445$933$589$365$37
37 years$2,094$1,372$873$543$331$31
38 years$2,016$1,304$818$500$300$26
39 years$1,943$1,240$766$461$272$22
40 years$1,873$1,180$718$425$247$18
41 years$1,807$1,123$673$392$224$16
42 years$1,744$1,070$632$362$203$13
43 years$1,685$1,019$593$334$184$11
44 years$1,628$972$556$309$167$9
45 years$1,574$926$522$285$152$8
46 years$1,522$884$491$263$138$6
47 years$1,473$843$461$243$125$5
48 years$1,426$805$433$225$114$5
49 years$1,381$769$407$208$103$4
50 years$1,338$734$383$192$94$3

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 $6,824 every year, while hoping to spend $52,881 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: 30/40/30 Blend
63$1,370,000$1,370,000$1,370,000$1,370,000
64$1,516,779$1,444,169$1,422,934$1,548,177
65$1,615,225$1,458,668$1,414,337$1,587,956
66$1,721,941$1,472,106$1,403,680$1,625,677
67$1,837,714$1,484,373$1,390,838$1,665,227
68$1,963,409$1,495,356$1,375,680$1,706,805
69$2,099,980$1,504,932$1,358,069$1,750,630
70$2,248,476$1,512,971$1,337,861$1,796,951
71$2,410,048$1,519,334$1,314,907$1,846,045
72$2,585,965$1,523,874$1,289,049$1,898,219
73$2,777,624$1,526,435$1,260,123$1,953,820
74$2,986,561$1,526,849$1,227,956$2,013,232
75$3,214,466$1,524,941$1,192,369$2,076,884
76$3,463,201$1,520,522$1,153,172$2,145,255
77$3,734,814$1,513,394$1,110,170$2,218,877
78$4,031,560$1,503,346$1,063,156$2,298,342
79$4,355,922$1,490,152$1,011,914$2,384,313
80$4,710,632$1,473,576$956,219$2,477,521
81$5,098,701$1,453,366$895,837$2,578,785
82$5,523,442$1,429,254$830,521$2,689,011
83$5,988,503$1,400,958$760,014$2,809,208
84$6,497,903$1,368,178$684,047$2,940,494
85$7,056,068$1,330,596$602,341$3,084,113
86$7,667,869$1,287,878$514,602$3,241,445
87$8,338,675$1,239,667$420,524$3,414,020
88$9,074,396$1,185,587$319,788$3,603,536
89$9,881,544$1,125,241$212,061$3,811,875
90$10,767,290$1,058,206$96,993$4,041,123
91$11,739,534$984,039$0$4,293,593
92$12,806,978$902,267$0$4,580,107
93$13,979,206$812,395$0$4,928,912
94$15,266,777$713,894$0$5,312,197
95$16,681,324$606,211$0$5,733,574
96$18,235,661$488,757$0$6,197,032
97$19,943,905$360,913$0$6,706,976
98$21,821,608$222,022$0$7,268,272
99$23,885,905$71,394$0$7,886,293
100$26,155,672$0$0$8,566,972