Can I retire at age 64 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$120,565$119,492$118,444$117,421$116,422$115,447
2 years$59,686$58,574$57,497$56,452$55,439$54,456
3 years$39,395$38,279$37,204$36,170$35,173$34,213
4 years$29,252$28,139$27,075$26,058$25,086$24,155
5 years$23,168$22,061$21,011$20,015$19,070$18,172
6 years$19,113$18,015$16,980$16,006$15,089$14,226
7 years$16,217$15,129$14,111$13,160$12,272$11,443
8 years$14,047$12,968$11,967$11,039$10,180$9,386
9 years$12,360$11,291$10,307$9,403$8,573$7,813
10 years$11,011$9,953$8,986$8,106$7,305$6,579
11 years$9,908$8,860$7,911$7,054$6,283$5,589
12 years$8,989$7,952$7,021$6,188$5,444$4,784
13 years$8,213$7,187$6,273$5,463$4,748$4,119
14 years$7,548$6,532$5,636$4,849$4,162$3,564
15 years$6,972$5,968$5,089$4,325$3,664$3,097
16 years$6,468$5,475$4,614$3,872$3,238$2,700
17 years$6,025$5,042$4,198$3,479$2,871$2,362
18 years$5,631$4,659$3,832$3,135$2,553$2,071
19 years$5,279$4,318$3,508$2,833$2,276$1,820
20 years$4,962$4,013$3,220$2,566$2,033$1,602
21 years$4,676$3,738$2,962$2,329$1,819$1,413
22 years$4,416$3,489$2,730$2,117$1,631$1,248
23 years$4,180$3,263$2,520$1,928$1,464$1,104
24 years$3,963$3,057$2,331$1,759$1,316$977
25 years$3,764$2,869$2,159$1,606$1,184$866
26 years$3,581$2,697$2,002$1,469$1,066$768
27 years$3,411$2,538$1,859$1,344$961$682
28 years$3,254$2,391$1,728$1,232$867$605
29 years$3,108$2,256$1,608$1,129$783$538
30 years$2,972$2,131$1,498$1,037$708$478
31 years$2,845$2,014$1,397$952$640$426
32 years$2,726$1,906$1,303$875$579$379
33 years$2,615$1,805$1,217$805$524$337
34 years$2,510$1,710$1,137$740$474$300
35 years$2,412$1,622$1,063$681$430$267
36 years$2,319$1,540$994$628$389$238
37 years$2,231$1,463$931$578$353$212
38 years$2,149$1,390$872$533$320$189
39 years$2,070$1,322$817$491$290$169
40 years$1,996$1,257$765$453$263$150
41 years$1,926$1,197$718$418$239$134
42 years$1,859$1,140$673$386$217$120
43 years$1,795$1,086$632$356$197$107
44 years$1,735$1,035$593$329$178$95
45 years$1,677$987$557$304$162$85
46 years$1,622$942$523$281$147$76
47 years$1,570$899$491$259$134$68
48 years$1,519$858$462$240$121$60
49 years$1,471$819$434$221$110$54
50 years$1,425$783$408$205$100$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,460,000, adding $3,745 every year, while hoping to spend $34,521 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: 45/45/10 Blend
63$1,460,000$1,460,000$1,460,000$1,460,000
64$1,612,783$1,535,403$1,512,773$1,680,636
65$1,740,557$1,573,908$1,526,721$1,766,511
66$1,880,206$1,613,142$1,539,979$1,855,736
67$2,032,907$1,653,105$1,552,488$1,951,703
68$2,199,952$1,693,796$1,564,184$2,055,045
69$2,382,766$1,735,211$1,575,003$2,166,461
70$2,582,917$1,777,345$1,584,875$2,286,719
71$2,802,132$1,820,193$1,593,726$2,416,665
72$3,042,313$1,863,746$1,601,480$2,557,231
73$3,305,556$1,907,996$1,608,056$2,709,444
74$3,594,166$1,952,932$1,613,369$2,874,432
75$3,910,686$1,998,540$1,617,332$3,053,442
76$4,257,912$2,044,805$1,619,849$3,247,844
77$4,638,928$2,091,709$1,620,823$3,459,148
78$5,057,130$2,139,234$1,620,151$3,689,018
79$5,516,256$2,187,355$1,617,725$3,939,287
80$6,020,427$2,236,048$1,613,432$4,211,974
81$6,574,181$2,285,285$1,607,152$4,509,306
82$7,182,517$2,335,034$1,598,762$4,833,732
83$7,850,944$2,385,261$1,588,130$5,187,956
84$8,585,528$2,435,926$1,575,120$5,574,952
85$9,392,954$2,486,989$1,559,589$5,998,002
86$10,280,587$2,538,402$1,541,386$6,460,721
87$11,256,538$2,590,116$1,520,354$6,967,091
88$12,329,748$2,642,074$1,496,329$7,521,503
89$13,510,063$2,694,217$1,469,138$8,128,794
90$14,808,336$2,746,480$1,438,600$8,794,295
91$16,236,520$2,798,791$1,404,526$9,523,883
92$17,807,787$2,851,074$1,366,720$10,324,032
93$19,536,651$2,903,246$1,324,975$11,201,880
94$21,439,101$2,955,217$1,279,074$12,165,291
95$23,532,758$3,006,891$1,228,791$13,222,933
96$25,837,033$3,058,163$1,173,889$14,384,362
97$28,373,319$3,108,921$1,114,123$15,660,105
98$31,165,184$3,159,046$1,049,233$17,061,768
99$34,238,601$3,208,406$978,950$18,602,142
100$37,622,184$3,256,864$902,990$20,295,322