Can I retire at age 64 with 1,400,000?

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$115,611$114,581$113,576$112,596$111,638$108,675
2 years$57,233$56,167$55,134$54,132$53,161$50,196
3 years$37,776$36,706$35,675$34,683$33,727$30,854
4 years$28,050$26,983$25,963$24,987$24,055$21,295
5 years$22,216$21,155$20,148$19,193$18,286$15,647
6 years$18,327$17,274$16,283$15,349$14,469$11,954
7 years$15,551$14,507$13,531$12,619$11,767$9,375
8 years$13,470$12,435$11,475$10,586$9,762$7,493
9 years$11,852$10,827$9,884$9,017$8,221$6,072
10 years$10,558$9,544$8,617$7,772$7,005$4,974
11 years$9,501$8,496$7,586$6,764$6,024$4,108
12 years$8,620$7,626$6,732$5,933$5,221$3,415
13 years$7,875$6,891$6,015$5,238$4,552$2,855
14 years$7,237$6,264$5,405$4,650$3,991$2,396
15 years$6,685$5,722$4,880$4,147$3,514$2,019
16 years$6,203$5,250$4,424$3,713$3,105$1,706
17 years$5,777$4,835$4,026$3,336$2,753$1,445
18 years$5,399$4,468$3,675$3,007$2,448$1,226
19 years$5,062$4,141$3,364$2,717$2,182$1,042
20 years$4,758$3,848$3,088$2,460$1,949$887
21 years$4,484$3,584$2,840$2,233$1,744$756
22 years$4,235$3,346$2,617$2,030$1,563$645
23 years$4,008$3,129$2,417$1,849$1,403$551
24 years$3,800$2,932$2,235$1,686$1,261$471
25 years$3,609$2,751$2,070$1,540$1,135$403
26 years$3,434$2,586$1,920$1,408$1,022$345
27 years$3,271$2,434$1,783$1,289$922$295
28 years$3,120$2,293$1,657$1,181$832$253
29 years$2,980$2,163$1,542$1,083$751$216
30 years$2,850$2,043$1,437$994$679$185
31 years$2,728$1,931$1,339$913$614$159
32 years$2,614$1,827$1,250$839$555$136
33 years$2,507$1,731$1,167$771$502$117
34 years$2,407$1,640$1,090$710$455$100
35 years$2,312$1,556$1,019$653$412$86
36 years$2,224$1,477$953$602$373$74
37 years$2,140$1,402$892$554$338$63
38 years$2,060$1,333$836$511$307$54
39 years$1,985$1,267$783$471$278$47
40 years$1,914$1,206$734$435$252$40
41 years$1,847$1,148$688$401$229$34
42 years$1,782$1,093$646$370$208$29
43 years$1,721$1,042$606$342$188$25
44 years$1,663$993$569$315$171$22
45 years$1,608$947$534$291$155$19
46 years$1,555$903$501$269$141$16
47 years$1,505$862$471$249$128$14
48 years$1,457$823$443$230$116$12
49 years$1,411$786$416$212$106$10
50 years$1,367$751$391$196$96$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,400,000, adding $2,277 every year, while hoping to spend $46,393 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: 51/26/23 Blend
63$1,400,000$1,400,000$1,400,000$1,400,000
64$1,545,149$1,470,949$1,449,249$1,613,915
65$1,653,392$1,493,663$1,448,437$1,684,499
66$1,771,121$1,515,936$1,446,043$1,756,283
67$1,899,255$1,537,697$1,441,965$1,833,379
68$2,038,804$1,558,869$1,436,095$1,916,307
69$2,190,881$1,579,372$1,428,323$2,005,646
70$2,356,709$1,599,119$1,418,530$2,102,030
71$2,537,636$1,618,019$1,406,594$2,206,163
72$2,735,144$1,635,971$1,392,384$2,318,822
73$2,950,867$1,652,872$1,375,767$2,440,861
74$3,186,600$1,668,607$1,356,600$2,573,228
75$3,444,323$1,683,058$1,334,735$2,716,967
76$3,726,213$1,696,097$1,310,018$2,873,229
77$4,034,669$1,707,588$1,282,286$3,043,288
78$4,372,331$1,717,386$1,251,368$3,228,547
79$4,742,108$1,725,337$1,217,088$3,430,558
80$5,147,202$1,731,278$1,179,260$3,651,031
81$5,591,139$1,735,033$1,137,688$3,891,854
82$6,077,804$1,736,418$1,092,169$4,155,113
83$6,611,475$1,735,237$1,042,491$4,443,106
84$7,196,862$1,731,281$988,432$4,758,373
85$7,839,156$1,724,328$929,759$5,103,715
86$8,544,073$1,714,143$866,228$5,482,223
87$9,317,909$1,700,477$797,588$5,897,307
88$10,167,600$1,683,065$723,571$6,352,730
89$11,100,787$1,661,626$643,902$6,852,644
90$12,125,885$1,635,864$558,291$7,401,631
91$13,252,167$1,605,463$466,435$8,004,742
92$14,489,847$1,570,090$368,020$8,667,554
93$15,850,178$1,529,391$262,716$9,396,216
94$17,345,558$1,482,992$150,178$10,197,513
95$18,989,644$1,430,498$30,048$11,078,927
96$20,797,485$1,371,490$0$12,048,711
97$22,785,658$1,305,523$0$13,140,059
98$24,972,431$1,232,128$0$14,348,358
99$27,377,927$1,150,811$0$15,677,401
100$30,024,320$1,061,045$0$17,139,507