Can I retire at age 64 with 1,390,000?

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 $1,390,000?

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 years$114,785$113,762$112,765$111,791$110,841$110,374
2 years$56,824$55,766$54,740$53,746$52,781$52,310
3 years$37,507$36,444$35,421$34,435$33,487$33,025
4 years$27,850$26,790$25,777$24,809$23,883$23,435
5 years$22,057$21,004$20,004$19,056$18,155$17,723
6 years$18,196$17,151$16,166$15,239$14,366$13,949
7 years$15,440$14,403$13,434$12,529$11,683$11,282
8 years$13,374$12,346$11,393$10,510$9,692$9,307
9 years$11,767$10,750$9,813$8,952$8,162$7,793
10 years$10,483$9,475$8,555$7,717$6,955$6,600
11 years$9,433$8,435$7,532$6,716$5,981$5,642
12 years$8,558$7,571$6,684$5,891$5,183$4,859
13 years$7,819$6,842$5,972$5,201$4,520$4,211
14 years$7,186$6,219$5,366$4,617$3,962$3,668
15 years$6,637$5,681$4,845$4,117$3,489$3,208
16 years$6,158$5,213$4,392$3,687$3,083$2,816
17 years$5,736$4,801$3,997$3,312$2,734$2,480
18 years$5,361$4,436$3,649$2,985$2,431$2,190
19 years$5,025$4,111$3,340$2,697$2,167$1,938
20 years$4,724$3,820$3,065$2,443$1,935$1,719
21 years$4,452$3,559$2,820$2,217$1,732$1,527
22 years$4,205$3,322$2,599$2,016$1,552$1,359
23 years$3,979$3,107$2,399$1,836$1,393$1,211
24 years$3,773$2,911$2,219$1,674$1,252$1,080
25 years$3,584$2,732$2,055$1,529$1,127$965
26 years$3,409$2,567$1,906$1,398$1,015$862
27 years$3,248$2,416$1,770$1,280$915$771
28 years$3,098$2,277$1,646$1,173$826$691
29 years$2,959$2,148$1,531$1,075$746$619
30 years$2,829$2,028$1,426$987$674$555
31 years$2,709$1,918$1,330$906$609$497
32 years$2,595$1,814$1,241$833$551$446
33 years$2,489$1,718$1,158$766$499$401
34 years$2,390$1,628$1,082$705$452$360
35 years$2,296$1,545$1,012$649$409$323
36 years$2,208$1,466$947$597$371$290
37 years$2,124$1,392$886$551$336$261
38 years$2,046$1,323$830$507$304$235
39 years$1,971$1,258$777$468$276$211
40 years$1,900$1,197$729$432$250$190
41 years$1,833$1,140$683$398$227$171
42 years$1,770$1,085$641$367$206$154
43 years$1,709$1,034$601$339$187$138
44 years$1,652$986$565$313$170$124
45 years$1,597$940$530$289$154$112
46 years$1,544$897$498$267$140$101
47 years$1,494$856$468$247$127$91
48 years$1,447$817$440$228$115$82
49 years$1,401$780$413$211$105$73
50 years$1,357$745$388$195$95$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,390,000, adding $5,013 every year, while hoping to spend $36,469 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: 47/29/24 Blend
63$1,390,000$1,390,000$1,390,000$1,390,000
64$1,536,951$1,463,281$1,441,736$1,598,438
65$1,654,917$1,496,179$1,451,231$1,674,987
66$1,783,694$1,529,467$1,459,823$1,754,029
67$1,924,345$1,563,125$1,467,441$1,839,095
68$2,078,041$1,597,132$1,474,014$1,930,768
69$2,246,074$1,631,463$1,479,465$2,029,689
70$2,429,862$1,666,093$1,483,716$2,136,566
71$2,630,969$1,700,993$1,486,682$2,252,180
72$2,851,117$1,736,131$1,488,274$2,377,391
73$3,092,201$1,771,471$1,488,402$2,513,148
74$3,356,309$1,806,977$1,486,967$2,660,495
75$3,645,741$1,842,607$1,483,868$2,820,587
76$3,963,028$1,878,316$1,478,999$2,994,695
77$4,310,958$1,914,056$1,472,248$3,184,221
78$4,692,605$1,949,773$1,463,497$3,390,710
79$5,111,350$1,985,411$1,452,623$3,615,867
80$5,570,920$2,020,909$1,439,498$3,861,573
81$6,075,420$2,056,199$1,423,988$4,129,899
82$6,629,371$2,091,212$1,405,950$4,423,130
83$7,237,755$2,125,869$1,385,237$4,743,787
84$7,906,057$2,160,088$1,361,694$5,094,648
85$8,640,324$2,193,781$1,335,159$5,478,776
86$9,447,212$2,226,851$1,305,462$5,899,550
87$10,334,059$2,259,198$1,272,426$6,360,694
88$11,308,946$2,290,712$1,235,866$6,866,315
89$12,380,776$2,321,275$1,195,585$7,420,941
90$13,559,361$2,350,763$1,151,383$8,029,564
91$14,855,507$2,379,042$1,103,046$8,697,689
92$16,281,123$2,405,969$1,050,352$9,431,386
93$17,849,328$2,431,391$993,069$10,237,345
94$19,574,576$2,455,146$930,954$11,122,945
95$21,472,796$2,477,061$863,753$12,096,318
96$23,561,534$2,496,951$791,202$13,166,432
97$25,860,127$2,514,618$713,024$14,343,173
98$28,389,879$2,529,853$628,930$15,637,440
99$31,174,265$2,542,434$538,617$17,061,249
100$34,239,149$2,552,122$441,769$18,627,847