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

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$120,565$119,492$118,444$117,421$116,422$114,541
2 years$59,686$58,574$57,497$56,452$55,439$53,549
3 years$39,395$38,279$37,204$36,170$35,173$33,332
4 years$29,252$28,139$27,075$26,058$25,086$23,309
5 years$23,168$22,061$21,011$20,015$19,070$17,363
6 years$19,113$18,015$16,980$16,006$15,089$13,453
7 years$16,217$15,129$14,111$13,160$12,272$10,707
8 years$14,047$12,968$11,967$11,039$10,180$8,688
9 years$12,360$11,291$10,307$9,403$8,573$7,151
10 years$11,011$9,953$8,986$8,106$7,305$5,952
11 years$9,908$8,860$7,911$7,054$6,283$4,998
12 years$8,989$7,952$7,021$6,188$5,444$4,226
13 years$8,213$7,187$6,273$5,463$4,748$3,594
14 years$7,548$6,532$5,636$4,849$4,162$3,071
15 years$6,972$5,968$5,089$4,325$3,664$2,634
16 years$6,468$5,475$4,614$3,872$3,238$2,267
17 years$6,025$5,042$4,198$3,479$2,871$1,956
18 years$5,631$4,659$3,832$3,135$2,553$1,692
19 years$5,279$4,318$3,508$2,833$2,276$1,467
20 years$4,962$4,013$3,220$2,566$2,033$1,273
21 years$4,676$3,738$2,962$2,329$1,819$1,107
22 years$4,416$3,489$2,730$2,117$1,631$964
23 years$4,180$3,263$2,520$1,928$1,464$840
24 years$3,963$3,057$2,331$1,759$1,316$733
25 years$3,764$2,869$2,159$1,606$1,184$640
26 years$3,581$2,697$2,002$1,469$1,066$559
27 years$3,411$2,538$1,859$1,344$961$489
28 years$3,254$2,391$1,728$1,232$867$427
29 years$3,108$2,256$1,608$1,129$783$374
30 years$2,972$2,131$1,498$1,037$708$327
31 years$2,845$2,014$1,397$952$640$287
32 years$2,726$1,906$1,303$875$579$251
33 years$2,615$1,805$1,217$805$524$220
34 years$2,510$1,710$1,137$740$474$193
35 years$2,412$1,622$1,063$681$430$169
36 years$2,319$1,540$994$628$389$148
37 years$2,231$1,463$931$578$353$130
38 years$2,149$1,390$872$533$320$114
39 years$2,070$1,322$817$491$290$100
40 years$1,996$1,257$765$453$263$88
41 years$1,926$1,197$718$418$239$77
42 years$1,859$1,140$673$386$217$68
43 years$1,795$1,086$632$356$197$59
44 years$1,735$1,035$593$329$178$52
45 years$1,677$987$557$304$162$46
46 years$1,622$942$523$281$147$40
47 years$1,570$899$491$259$134$35
48 years$1,519$858$462$240$121$31
49 years$1,471$819$434$221$110$27
50 years$1,425$783$408$205$100$24

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 $6,604 every year, while hoping to spend $23,782 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: 72/18/10 Blend
63$1,460,000$1,460,000$1,460,000$1,460,000
64$1,615,732$1,538,352$1,515,722$1,728,525
65$1,755,233$1,588,427$1,541,195$1,854,048
66$1,908,166$1,640,159$1,566,724$1,987,865
67$2,075,875$1,693,604$1,592,286$2,133,737
68$2,259,844$1,748,820$1,617,856$2,292,845
69$2,461,702$1,805,866$1,643,409$2,466,495
70$2,683,247$1,864,805$1,668,915$2,656,120
71$2,926,459$1,925,701$1,694,344$2,863,300
72$3,193,518$1,988,621$1,719,665$3,089,776
73$3,486,828$2,053,634$1,744,845$3,337,462
74$3,809,033$2,120,811$1,769,846$3,608,468
75$4,163,050$2,190,226$1,794,631$3,905,118
76$4,552,089$2,261,956$1,819,159$4,229,969
77$4,979,690$2,336,079$1,843,388$4,585,840
78$5,449,749$2,412,677$1,867,273$4,975,835
79$5,966,561$2,491,836$1,890,764$5,403,371
80$6,534,857$2,573,644$1,913,812$5,872,215
81$7,159,851$2,658,190$1,936,363$6,386,513
82$7,847,285$2,745,571$1,958,360$6,950,835
83$8,603,486$2,835,882$1,979,744$7,570,214
84$9,435,428$2,929,226$2,000,451$8,250,194
85$10,350,790$3,025,707$2,020,415$8,996,883
86$11,358,037$3,125,433$2,039,565$9,817,009
87$12,466,495$3,228,517$2,057,828$10,717,986
88$13,686,438$3,335,075$2,075,126$11,707,981
89$15,029,189$3,445,228$2,091,377$12,795,991
90$16,507,222$3,559,100$2,106,495$13,991,930
91$18,134,285$3,676,822$2,120,388$15,306,718
92$19,925,522$3,798,527$2,132,961$16,752,390
93$21,897,624$3,924,353$2,144,114$18,342,204
94$24,068,981$4,054,446$2,153,742$20,090,767
95$26,459,858$4,188,954$2,161,732$22,014,175
96$29,092,582$4,328,032$2,167,969$24,130,163
97$31,991,760$4,471,840$2,172,331$26,458,269
98$35,184,503$4,620,544$2,174,688$29,020,026
99$38,700,688$4,774,316$2,174,905$31,839,155
100$42,573,237$4,933,336$2,172,843$34,941,799