Can I retire at age 64 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$113,959$112,944$111,954$110,987$110,043$108,849
2 years$56,415$55,365$54,346$53,359$52,401$51,199
3 years$37,237$36,181$35,166$34,188$33,246$32,072
4 years$27,649$26,597$25,592$24,630$23,711$22,576
5 years$21,898$20,853$19,860$18,918$18,025$16,931
6 years$18,065$17,028$16,050$15,129$14,262$13,211
7 years$15,329$14,300$13,338$12,439$11,599$10,591
8 years$13,277$12,258$11,311$10,434$9,623$8,658
9 years$11,683$10,672$9,742$8,888$8,104$7,182
10 years$10,407$9,407$8,494$7,661$6,905$6,025
11 years$9,365$8,375$7,478$6,668$5,938$5,100
12 years$8,497$7,517$6,636$5,848$5,146$4,349
13 years$7,763$6,793$5,929$5,163$4,487$3,730
14 years$7,134$6,175$5,327$4,583$3,934$3,214
15 years$6,590$5,641$4,810$4,088$3,463$2,782
16 years$6,114$5,175$4,361$3,660$3,061$2,416
17 years$5,695$4,766$3,968$3,288$2,714$2,104
18 years$5,322$4,404$3,622$2,964$2,413$1,837
19 years$4,989$4,082$3,316$2,678$2,151$1,607
20 years$4,690$3,793$3,043$2,425$1,921$1,409
21 years$4,420$3,533$2,799$2,201$1,719$1,237
22 years$4,174$3,298$2,580$2,001$1,541$1,088
23 years$3,951$3,084$2,382$1,823$1,383$957
24 years$3,746$2,890$2,203$1,662$1,243$844
25 years$3,558$2,712$2,041$1,518$1,119$744
26 years$3,384$2,549$1,893$1,388$1,008$657
27 years$3,224$2,399$1,757$1,271$909$580
28 years$3,076$2,260$1,634$1,164$820$513
29 years$2,938$2,132$1,520$1,068$740$454
30 years$2,809$2,014$1,416$980$669$401
31 years$2,689$1,904$1,320$900$605$355
32 years$2,577$1,801$1,232$827$547$315
33 years$2,471$1,706$1,150$760$495$279
34 years$2,372$1,617$1,075$700$448$247
35 years$2,279$1,533$1,005$644$406$219
36 years$2,192$1,455$940$593$368$194
37 years$2,109$1,382$880$547$333$172
38 years$2,031$1,314$824$504$302$153
39 years$1,957$1,249$772$464$274$135
40 years$1,887$1,189$723$428$249$120
41 years$1,820$1,131$678$395$226$107
42 years$1,757$1,078$636$365$205$95
43 years$1,697$1,027$597$337$186$84
44 years$1,640$979$560$311$169$74
45 years$1,585$933$526$287$153$66
46 years$1,533$890$494$265$139$59
47 years$1,484$850$464$245$126$52
48 years$1,436$811$436$226$115$46
49 years$1,391$774$410$209$104$41
50 years$1,347$740$386$193$95$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,380,000, adding $2,727 every year, while hoping to spend $54,604 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: 48/22/30 Blend
63$1,380,000$1,380,000$1,380,000$1,380,000
64$1,523,573$1,450,433$1,429,043$1,583,518
65$1,620,879$1,463,406$1,418,818$1,639,064
66$1,726,280$1,475,184$1,406,420$1,693,819
67$1,840,545$1,485,652$1,391,719$1,752,250
68$1,964,517$1,494,686$1,374,578$1,814,733
69$2,099,126$1,502,154$1,354,854$1,881,684
70$2,245,393$1,507,916$1,332,398$1,953,565
71$2,404,443$1,511,823$1,307,053$2,030,888
72$2,577,511$1,513,717$1,278,654$2,114,220
73$2,765,958$1,513,430$1,247,030$2,204,189
74$2,971,282$1,510,784$1,212,001$2,301,489
75$3,195,129$1,505,589$1,173,380$2,406,890
76$3,439,312$1,497,643$1,130,969$2,521,245
77$3,705,829$1,486,735$1,084,563$2,645,495
78$3,996,875$1,472,636$1,033,947$2,780,685
79$4,314,868$1,455,107$978,897$2,927,969
80$4,662,472$1,433,895$919,177$3,088,623
81$5,042,617$1,408,729$854,542$3,264,060
82$5,458,532$1,379,324$784,737$3,455,843
83$5,913,768$1,345,377$709,492$3,665,697
84$6,412,241$1,306,569$628,528$3,895,534
85$6,958,259$1,262,560$541,553$4,147,462
86$7,556,568$1,212,992$448,262$4,423,817
87$8,212,394$1,157,485$348,334$4,727,175
88$8,931,493$1,095,637$241,439$5,060,386
89$9,720,206$1,027,023$127,228$5,426,599
90$10,585,515$951,196$5,338$5,829,290
91$11,535,112$867,679$0$6,272,302
92$12,577,469$775,970$0$6,799,807
93$13,721,918$675,540$0$7,380,982
94$14,978,739$565,827$0$8,019,423
95$16,359,258$446,240$0$8,720,983
96$17,875,950$316,153$0$9,492,116
97$19,542,557$174,905$0$10,339,937
98$21,374,221$21,799$0$11,272,294
99$23,387,622$0$0$12,297,839
100$25,601,137$0$0$13,460,948