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

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$113,959$112,944$111,954$110,987$110,043$109,533
2 years$56,415$55,365$54,346$53,359$52,401$51,887
3 years$37,237$36,181$35,166$34,188$33,246$32,742
4 years$27,649$26,597$25,592$24,630$23,711$23,223
5 years$21,898$20,853$19,860$18,918$18,025$17,553
6 years$18,065$17,028$16,050$15,129$14,262$13,808
7 years$15,329$14,300$13,338$12,439$11,599$11,162
8 years$13,277$12,258$11,311$10,434$9,623$9,202
9 years$11,683$10,672$9,742$8,888$8,104$7,701
10 years$10,407$9,407$8,494$7,661$6,905$6,519
11 years$9,365$8,375$7,478$6,668$5,938$5,569
12 years$8,497$7,517$6,636$5,848$5,146$4,793
13 years$7,763$6,793$5,929$5,163$4,487$4,151
14 years$7,134$6,175$5,327$4,583$3,934$3,613
15 years$6,590$5,641$4,810$4,088$3,463$3,158
16 years$6,114$5,175$4,361$3,660$3,061$2,771
17 years$5,695$4,766$3,968$3,288$2,714$2,438
18 years$5,322$4,404$3,622$2,964$2,413$2,152
19 years$4,989$4,082$3,316$2,678$2,151$1,903
20 years$4,690$3,793$3,043$2,425$1,921$1,687
21 years$4,420$3,533$2,799$2,201$1,719$1,497
22 years$4,174$3,298$2,580$2,001$1,541$1,331
23 years$3,951$3,084$2,382$1,823$1,383$1,185
24 years$3,746$2,890$2,203$1,662$1,243$1,057
25 years$3,558$2,712$2,041$1,518$1,119$943
26 years$3,384$2,549$1,893$1,388$1,008$842
27 years$3,224$2,399$1,757$1,271$909$753
28 years$3,076$2,260$1,634$1,164$820$673
29 years$2,938$2,132$1,520$1,068$740$603
30 years$2,809$2,014$1,416$980$669$540
31 years$2,689$1,904$1,320$900$605$484
32 years$2,577$1,801$1,232$827$547$434
33 years$2,471$1,706$1,150$760$495$389
34 years$2,372$1,617$1,075$700$448$349
35 years$2,279$1,533$1,005$644$406$313
36 years$2,192$1,455$940$593$368$281
37 years$2,109$1,382$880$547$333$253
38 years$2,031$1,314$824$504$302$227
39 years$1,957$1,249$772$464$274$204
40 years$1,887$1,189$723$428$249$183
41 years$1,820$1,131$678$395$226$165
42 years$1,757$1,078$636$365$205$148
43 years$1,697$1,027$597$337$186$133
44 years$1,640$979$560$311$169$120
45 years$1,585$933$526$287$153$108
46 years$1,533$890$494$265$139$97
47 years$1,484$850$464$245$126$87
48 years$1,436$811$436$226$115$78
49 years$1,391$774$410$209$104$70
50 years$1,347$740$386$193$95$63

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 $5,819 every year, while hoping to spend $31,086 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: 57/20/23 Blend
63$1,380,000$1,380,000$1,380,000$1,380,000
64$1,526,762$1,453,622$1,432,232$1,603,985
65$1,649,417$1,491,775$1,447,137$1,695,533
66$1,783,540$1,530,754$1,461,499$1,791,452
67$1,930,269$1,570,569$1,475,267$1,895,325
68$2,090,857$1,611,227$1,488,388$2,007,929
69$2,266,680$1,652,733$1,500,805$2,130,117
70$2,459,258$1,695,094$1,512,459$2,262,830
71$2,670,263$1,738,314$1,523,287$2,407,103
72$2,901,534$1,782,396$1,533,222$2,564,080
73$3,155,102$1,827,344$1,542,195$2,735,016
74$3,433,197$1,873,159$1,550,134$2,921,300
75$3,738,281$1,919,842$1,556,962$3,124,456
76$4,073,063$1,967,392$1,562,597$3,346,169
77$4,440,528$2,015,806$1,566,956$3,588,292
78$4,843,962$2,065,080$1,569,949$3,852,869
79$5,286,987$2,115,210$1,571,484$4,142,151
80$5,773,592$2,166,188$1,571,461$4,458,619
81$6,308,172$2,218,005$1,569,778$4,805,006
82$6,895,568$2,270,650$1,566,328$5,184,327
83$7,541,113$2,324,109$1,560,997$5,599,902
84$8,250,683$2,378,366$1,553,667$6,055,390
85$9,030,751$2,433,404$1,544,213$6,554,823
86$9,888,448$2,489,202$1,532,505$7,102,647
87$10,831,632$2,545,735$1,518,407$7,703,760
88$11,868,960$2,602,978$1,501,774$8,363,559
89$13,009,969$2,660,899$1,482,459$9,087,993
90$14,265,168$2,719,465$1,460,303$9,883,620
91$15,646,135$2,778,638$1,435,143$10,757,666
92$17,165,626$2,838,377$1,406,806$11,718,093
93$18,837,699$2,898,637$1,375,113$12,773,680
94$20,677,841$2,959,366$1,339,876$13,934,099
95$22,703,116$3,020,510$1,300,897$15,210,012
96$24,932,327$3,082,009$1,257,970$16,613,167
97$27,386,192$3,143,795$1,210,881$18,156,513
98$30,087,542$3,205,799$1,159,403$19,854,323
99$33,061,529$3,267,941$1,103,301$21,722,325
100$36,335,873$3,330,138$1,042,329$23,777,853