Can I retire at age 64 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$121,391$120,310$119,255$118,225$117,220$114,759
2 years$60,095$58,975$57,891$56,839$55,819$53,352
3 years$39,665$38,541$37,459$36,417$35,414$33,017
4 years$29,452$28,332$27,261$26,237$25,257$22,949
5 years$23,326$22,212$21,155$20,152$19,200$16,987
6 years$19,244$18,138$17,097$16,116$15,193$13,077
7 years$16,329$15,232$14,207$13,250$12,356$10,338
8 years$14,143$13,057$12,049$11,115$10,250$8,330
9 years$12,444$11,368$10,378$9,467$8,632$6,808
10 years$11,086$10,021$9,048$8,161$7,355$5,625
11 years$9,976$8,921$7,965$7,103$6,326$4,687
12 years$9,051$8,007$7,069$6,230$5,482$3,933
13 years$8,269$7,236$6,316$5,500$4,780$3,318
14 years$7,599$6,577$5,675$4,882$4,190$2,812
15 years$7,020$6,008$5,124$4,354$3,689$2,392
16 years$6,513$5,513$4,645$3,899$3,261$2,041
17 years$6,066$5,077$4,227$3,503$2,891$1,747
18 years$5,669$4,691$3,859$3,157$2,571$1,498
19 years$5,315$4,348$3,532$2,852$2,291$1,287
20 years$4,996$4,040$3,242$2,583$2,047$1,107
21 years$4,708$3,763$2,982$2,345$1,831$954
22 years$4,447$3,513$2,748$2,132$1,642$823
23 years$4,208$3,286$2,538$1,942$1,474$710
24 years$3,990$3,078$2,347$1,771$1,325$614
25 years$3,790$2,889$2,174$1,617$1,192$531
26 years$3,605$2,715$2,016$1,479$1,074$459
27 years$3,435$2,555$1,872$1,353$968$398
28 years$3,276$2,408$1,740$1,240$873$345
29 years$3,129$2,271$1,619$1,137$789$299
30 years$2,992$2,145$1,508$1,044$713$259
31 years$2,864$2,028$1,406$958$644$224
32 years$2,745$1,919$1,312$881$583$195
33 years$2,633$1,817$1,225$810$527$169
34 years$2,527$1,722$1,145$745$478$147
35 years$2,428$1,633$1,070$686$433$127
36 years$2,335$1,550$1,001$632$392$110
37 years$2,247$1,473$937$582$355$96
38 years$2,163$1,399$877$537$322$83
39 years$2,084$1,331$822$495$292$72
40 years$2,010$1,266$771$456$265$63
41 years$1,939$1,205$723$421$240$54
42 years$1,872$1,148$678$389$218$47
43 years$1,808$1,094$636$359$198$41
44 years$1,747$1,042$597$331$180$36
45 years$1,689$994$561$306$163$31
46 years$1,633$948$526$283$148$27
47 years$1,580$905$495$261$134$23
48 years$1,530$864$465$241$122$20
49 years$1,481$825$437$223$111$18
50 years$1,435$788$411$206$101$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,470,000, adding $2,267 every year, while hoping to spend $44,750 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: 56/19/25 Blend
63$1,470,000$1,470,000$1,470,000$1,470,000
64$1,622,278$1,544,368$1,521,583$1,701,913
65$1,740,137$1,572,429$1,524,943$1,784,843
66$1,868,518$1,600,364$1,526,915$1,870,259
67$2,008,446$1,628,122$1,527,406$1,962,386
68$2,161,051$1,655,643$1,526,318$2,061,885
69$2,327,576$1,682,867$1,523,547$2,169,484
70$2,509,388$1,709,727$1,518,985$2,285,986
71$2,707,994$1,736,152$1,512,520$2,412,277
72$2,925,051$1,762,065$1,504,031$2,549,334
73$3,162,384$1,787,385$1,493,394$2,698,235
74$3,422,003$1,812,023$1,480,478$2,860,168
75$3,706,121$1,835,885$1,465,148$3,036,446
76$4,017,173$1,858,871$1,447,258$3,228,515
77$4,357,844$1,880,874$1,426,660$3,437,970
78$4,731,086$1,901,780$1,403,195$3,666,572
79$5,140,154$1,921,465$1,376,700$3,916,262
80$5,588,633$1,939,799$1,347,002$4,189,181
81$6,080,467$1,956,643$1,313,921$4,487,691
82$6,620,006$1,971,849$1,277,268$4,814,396
83$7,212,036$1,985,259$1,236,846$5,172,168
84$7,861,832$1,996,706$1,192,448$5,564,177
85$8,575,204$2,006,009$1,143,860$5,993,915
86$9,358,550$2,012,979$1,090,855$6,465,237
87$10,218,921$2,017,414$1,033,198$6,982,391
88$11,164,083$2,019,100$970,642$7,550,064
89$12,202,591$2,017,806$902,930$8,173,424
90$13,343,869$2,013,293$829,792$8,858,169
91$14,598,301$2,005,301$750,947$9,610,583
92$15,977,326$1,993,559$666,102$10,437,596
93$17,493,546$1,977,776$574,949$11,346,848
94$19,160,846$1,957,646$477,169$12,346,763
95$20,994,524$1,932,843$372,426$13,446,632
96$23,011,435$1,903,021$260,371$14,656,696
97$25,230,147$1,867,815$140,639$15,988,249
98$27,671,122$1,826,838$12,851$17,453,742
99$30,356,903$1,779,679$0$19,066,902
100$33,312,328$1,725,904$0$20,875,814