Can I retire at age 64 with 1,450,000?

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$119,740$118,673$117,632$116,617$115,625$111,257
2 years$59,277$58,173$57,103$56,066$55,060$50,710
3 years$39,125$38,017$36,950$35,922$34,932$30,737
4 years$29,052$27,946$26,890$25,880$24,914$20,906
5 years$23,009$21,910$20,868$19,878$18,939$15,128
6 years$18,982$17,891$16,864$15,897$14,986$11,375
7 years$16,106$15,025$14,014$13,070$12,188$8,775
8 years$13,951$12,879$11,885$10,964$10,111$6,894
9 years$12,275$11,214$10,237$9,339$8,515$5,489
10 years$10,935$9,884$8,925$8,050$7,255$4,415
11 years$9,840$8,799$7,857$7,006$6,239$3,579
12 years$8,928$7,898$6,973$6,145$5,407$2,918
13 years$8,156$7,137$6,230$5,425$4,715$2,392
14 years$7,496$6,488$5,598$4,816$4,133$1,968
15 years$6,924$5,927$5,054$4,295$3,639$1,624
16 years$6,424$5,438$4,582$3,846$3,216$1,344
17 years$5,983$5,008$4,169$3,455$2,852$1,114
18 years$5,592$4,627$3,806$3,114$2,536$925
19 years$5,242$4,289$3,484$2,814$2,260$770
20 years$4,928$3,985$3,198$2,548$2,019$641
21 years$4,644$3,712$2,941$2,313$1,807$534
22 years$4,386$3,465$2,711$2,103$1,619$446
23 years$4,151$3,241$2,503$1,915$1,454$372
24 years$3,936$3,036$2,315$1,747$1,307$311
25 years$3,738$2,850$2,144$1,595$1,176$260
26 years$3,556$2,678$1,989$1,459$1,059$217
27 years$3,388$2,520$1,846$1,335$955$181
28 years$3,232$2,375$1,717$1,223$862$152
29 years$3,087$2,241$1,597$1,122$778$127
30 years$2,952$2,116$1,488$1,029$703$106
31 years$2,825$2,000$1,387$945$635$89
32 years$2,707$1,893$1,294$869$575$74
33 years$2,597$1,792$1,208$799$520$62
34 years$2,493$1,699$1,129$735$471$52
35 years$2,395$1,611$1,056$677$427$44
36 years$2,303$1,529$988$623$387$37
37 years$2,216$1,453$924$574$350$31
38 years$2,134$1,380$866$529$318$26
39 years$2,056$1,313$811$488$288$21
40 years$1,982$1,249$760$450$261$18
41 years$1,912$1,189$713$415$237$15
42 years$1,846$1,132$669$383$215$13
43 years$1,783$1,079$627$354$195$11
44 years$1,723$1,028$589$327$177$9
45 years$1,666$981$553$302$161$7
46 years$1,611$935$519$279$146$6
47 years$1,559$893$488$257$133$5
48 years$1,509$852$458$238$120$4
49 years$1,461$814$431$220$109$4
50 years$1,416$777$405$203$99$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,450,000, adding $3,616 every year, while hoping to spend $39,999 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: 41/35/24 Blend
63$1,450,000$1,450,000$1,450,000$1,450,000
64$1,601,630$1,524,780$1,502,305$1,655,853
65$1,722,438$1,556,935$1,510,073$1,727,271
66$1,854,227$1,589,326$1,516,762$1,800,457
67$1,998,076$1,621,921$1,522,291$1,878,882
68$2,155,171$1,654,687$1,526,580$1,963,050
69$2,326,819$1,687,587$1,529,540$2,053,517
70$2,514,457$1,720,581$1,531,082$2,150,893
71$2,719,669$1,753,627$1,531,111$2,255,857
72$2,944,198$1,786,677$1,529,525$2,369,152
73$3,189,962$1,819,680$1,526,221$2,491,603
74$3,459,077$1,852,583$1,521,088$2,624,117
75$3,753,869$1,885,326$1,514,011$2,767,695
76$4,076,902$1,917,846$1,504,869$2,923,442
77$4,430,999$1,950,073$1,493,534$3,092,577
78$4,819,268$1,981,934$1,479,875$3,276,445
79$5,245,135$2,013,350$1,463,752$3,476,530
80$5,712,371$2,044,236$1,445,020$3,694,468
81$6,225,130$2,074,500$1,423,525$3,932,066
82$6,787,988$2,104,046$1,399,108$4,191,316
83$7,405,987$2,132,768$1,371,602$4,474,415
84$8,084,678$2,160,555$1,340,832$4,783,788
85$8,830,180$2,187,286$1,306,614$5,122,109
86$9,649,230$2,212,835$1,268,757$5,492,330
87$10,549,251$2,237,064$1,227,061$5,897,703
88$11,538,423$2,259,828$1,181,315$6,341,820
89$12,625,754$2,280,972$1,131,302$6,828,638
90$13,821,171$2,300,330$1,076,790$7,362,527
91$15,135,610$2,317,725$1,017,542$7,948,303
92$16,581,119$2,332,970$953,306$8,591,278
93$18,170,972$2,345,865$883,822$9,297,312
94$19,919,796$2,356,197$808,814$10,072,869
95$21,843,705$2,363,740$727,999$10,925,074
96$23,960,453$2,368,253$641,077$11,861,788
97$26,289,603$2,369,482$547,737$12,891,678
98$28,852,709$2,367,153$447,653$14,024,304
99$31,673,522$2,360,980$340,486$15,270,205
100$34,778,210$2,350,657$225,881$16,641,006