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

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$119,740$118,673$117,632$116,617$115,625$112,465
2 years$59,277$58,173$57,103$56,066$55,060$51,899
3 years$39,125$38,017$36,950$35,922$34,932$31,870
4 years$29,052$27,946$26,890$25,880$24,914$21,973
5 years$23,009$21,910$20,868$19,878$18,939$16,129
6 years$18,982$17,891$16,864$15,897$14,986$12,308
7 years$16,106$15,025$14,014$13,070$12,188$9,643
8 years$13,951$12,879$11,885$10,964$10,111$7,697
9 years$12,275$11,214$10,237$9,339$8,515$6,230
10 years$10,935$9,884$8,925$8,050$7,255$5,097
11 years$9,840$8,799$7,857$7,006$6,239$4,204
12 years$8,928$7,898$6,973$6,145$5,407$3,491
13 years$8,156$7,137$6,230$5,425$4,715$2,914
14 years$7,496$6,488$5,598$4,816$4,133$2,443
15 years$6,924$5,927$5,054$4,295$3,639$2,055
16 years$6,424$5,438$4,582$3,846$3,216$1,734
17 years$5,983$5,008$4,169$3,455$2,852$1,466
18 years$5,592$4,627$3,806$3,114$2,536$1,242
19 years$5,242$4,289$3,484$2,814$2,260$1,055
20 years$4,928$3,985$3,198$2,548$2,019$897
21 years$4,644$3,712$2,941$2,313$1,807$763
22 years$4,386$3,465$2,711$2,103$1,619$650
23 years$4,151$3,241$2,503$1,915$1,454$554
24 years$3,936$3,036$2,315$1,747$1,307$473
25 years$3,738$2,850$2,144$1,595$1,176$404
26 years$3,556$2,678$1,989$1,459$1,059$345
27 years$3,388$2,520$1,846$1,335$955$295
28 years$3,232$2,375$1,717$1,223$862$252
29 years$3,087$2,241$1,597$1,122$778$216
30 years$2,952$2,116$1,488$1,029$703$184
31 years$2,825$2,000$1,387$945$635$158
32 years$2,707$1,893$1,294$869$575$135
33 years$2,597$1,792$1,208$799$520$116
34 years$2,493$1,699$1,129$735$471$99
35 years$2,395$1,611$1,056$677$427$85
36 years$2,303$1,529$988$623$387$73
37 years$2,216$1,453$924$574$350$62
38 years$2,134$1,380$866$529$318$53
39 years$2,056$1,313$811$488$288$46
40 years$1,982$1,249$760$450$261$39
41 years$1,912$1,189$713$415$237$33
42 years$1,846$1,132$669$383$215$29
43 years$1,783$1,079$627$354$195$25
44 years$1,723$1,028$589$327$177$21
45 years$1,666$981$553$302$161$18
46 years$1,611$935$519$279$146$15
47 years$1,559$893$488$257$133$13
48 years$1,509$852$458$238$120$11
49 years$1,461$814$431$220$109$10
50 years$1,416$777$405$203$99$8

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 $2,078 every year, while hoping to spend $22,529 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: 62/18/20 Blend
63$1,450,000$1,450,000$1,450,000$1,450,000
64$1,600,043$1,523,193$1,500,718$1,690,853
65$1,739,277$1,573,859$1,527,022$1,803,043
66$1,891,958$1,626,253$1,553,451$1,922,776
67$2,059,433$1,680,434$1,579,987$2,052,979
68$2,243,187$1,736,468$1,606,609$2,194,673
69$2,444,855$1,794,418$1,633,294$2,348,984
70$2,666,239$1,854,353$1,660,017$2,517,150
71$2,909,322$1,916,343$1,686,755$2,700,535
72$3,176,290$1,980,461$1,713,478$2,900,641
73$3,469,551$2,046,782$1,740,159$3,119,120
74$3,791,756$2,115,386$1,766,765$3,357,793
75$4,145,829$2,186,353$1,793,265$3,618,666
76$4,534,987$2,259,768$1,819,623$3,903,945
77$4,962,777$2,335,718$1,845,802$4,216,065
78$5,433,106$2,414,294$1,871,762$4,557,701
79$5,950,279$2,495,591$1,897,462$4,931,806
80$6,519,038$2,579,705$1,922,858$5,341,628
81$7,144,607$2,666,738$1,947,901$5,790,747
82$7,832,745$2,756,796$1,972,544$6,283,107
83$8,589,794$2,849,988$1,996,732$6,823,049
84$9,422,741$2,946,426$2,020,412$7,415,360
85$10,339,289$3,046,229$2,043,523$8,065,311
86$11,347,920$3,149,518$2,066,005$8,778,709
87$12,457,983$3,256,419$2,087,792$9,561,951
88$13,679,779$3,367,065$2,108,814$10,422,086
89$15,024,657$3,481,592$2,129,000$11,366,879
90$16,505,123$3,600,141$2,148,273$12,404,886
91$18,134,957$3,722,860$2,166,551$13,545,533
92$19,929,343$3,849,901$2,183,751$14,799,206
93$21,905,012$3,981,422$2,199,783$16,177,347
94$24,080,400$4,117,588$2,214,552$17,692,564
95$26,475,821$4,258,570$2,227,960$19,358,750
96$29,113,661$4,404,546$2,239,903$21,191,210
97$32,018,586$4,555,700$2,250,271$23,206,810
98$35,217,775$4,712,223$2,258,949$25,424,133
99$38,741,181$4,874,315$2,265,816$27,863,656
100$42,621,807$5,042,181$2,270,746$30,547,941