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%16.4%
1 years$121,391$120,310$119,255$118,225$117,220$114,155
2 years$60,095$58,975$57,891$56,839$55,819$52,752
3 years$39,665$38,541$37,459$36,417$35,414$32,440
4 years$29,452$28,332$27,261$26,237$25,257$22,401
5 years$23,326$22,212$21,155$20,152$19,200$16,468
6 years$19,244$18,138$17,097$16,116$15,193$12,588
7 years$16,329$15,232$14,207$13,250$12,356$9,879
8 years$14,143$13,057$12,049$11,115$10,250$7,899
9 years$12,444$11,368$10,378$9,467$8,632$6,406
10 years$11,086$10,021$9,048$8,161$7,355$5,250
11 years$9,976$8,921$7,965$7,103$6,326$4,339
12 years$9,051$8,007$7,069$6,230$5,482$3,610
13 years$8,269$7,236$6,316$5,500$4,780$3,019
14 years$7,599$6,577$5,675$4,882$4,190$2,536
15 years$7,020$6,008$5,124$4,354$3,689$2,138
16 years$6,513$5,513$4,645$3,899$3,261$1,808
17 years$6,066$5,077$4,227$3,503$2,891$1,532
18 years$5,669$4,691$3,859$3,157$2,571$1,301
19 years$5,315$4,348$3,532$2,852$2,291$1,107
20 years$4,996$4,040$3,242$2,583$2,047$943
21 years$4,708$3,763$2,982$2,345$1,831$805
22 years$4,447$3,513$2,748$2,132$1,642$687
23 years$4,208$3,286$2,538$1,942$1,474$587
24 years$3,990$3,078$2,347$1,771$1,325$502
25 years$3,790$2,889$2,174$1,617$1,192$430
26 years$3,605$2,715$2,016$1,479$1,074$368
27 years$3,435$2,555$1,872$1,353$968$315
28 years$3,276$2,408$1,740$1,240$873$270
29 years$3,129$2,271$1,619$1,137$789$232
30 years$2,992$2,145$1,508$1,044$713$199
31 years$2,864$2,028$1,406$958$644$171
32 years$2,745$1,919$1,312$881$583$146
33 years$2,633$1,817$1,225$810$527$126
34 years$2,527$1,722$1,145$745$478$108
35 years$2,428$1,633$1,070$686$433$92
36 years$2,335$1,550$1,001$632$392$79
37 years$2,247$1,473$937$582$355$68
38 years$2,163$1,399$877$537$322$59
39 years$2,084$1,331$822$495$292$50
40 years$2,010$1,266$771$456$265$43
41 years$1,939$1,205$723$421$240$37
42 years$1,872$1,148$678$389$218$32
43 years$1,808$1,094$636$359$198$27
44 years$1,747$1,042$597$331$180$23
45 years$1,689$994$561$306$163$20
46 years$1,633$948$526$283$148$17
47 years$1,580$905$495$261$134$15
48 years$1,530$864$465$241$122$13
49 years$1,481$825$437$223$111$11
50 years$1,435$788$411$206$101$9

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 $4,685 every year, while hoping to spend $30,063 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: 62/16/22 Blend
63$1,470,000$1,470,000$1,470,000$1,470,000
64$1,624,773$1,546,863$1,524,078$1,715,885
65$1,758,513$1,590,672$1,543,147$1,821,839
66$1,904,886$1,635,621$1,561,848$1,933,723
67$2,065,151$1,681,732$1,580,137$2,055,201
68$2,240,691$1,729,031$1,597,965$2,187,214
69$2,433,030$1,777,542$1,615,286$2,330,794
70$2,643,846$1,827,290$1,632,046$2,487,082
71$2,874,990$1,878,298$1,648,190$2,657,333
72$3,128,496$1,930,592$1,663,662$2,842,929
73$3,406,609$1,984,197$1,678,400$3,045,393
74$3,711,797$2,039,137$1,692,341$3,266,402
75$4,046,783$2,095,437$1,705,417$3,507,804
76$4,414,563$2,153,121$1,717,556$3,771,636
77$4,818,439$2,212,215$1,728,686$4,060,141
78$5,262,049$2,272,743$1,738,726$4,375,789
79$5,749,399$2,334,729$1,747,594$4,721,305
80$6,284,904$2,398,196$1,755,205$5,099,688
81$6,873,426$2,463,169$1,761,465$5,514,244
82$7,520,321$2,529,671$1,766,281$5,968,615
83$8,231,494$2,597,724$1,769,551$6,466,816
84$9,013,444$2,667,351$1,771,169$7,013,268
85$9,873,338$2,738,573$1,771,025$7,612,846
86$10,819,067$2,811,412$1,769,003$8,270,918
87$11,859,328$2,885,887$1,764,981$8,993,403
88$13,003,702$2,962,018$1,758,830$9,786,820
89$14,262,745$3,039,824$1,750,417$10,658,357
90$15,648,091$3,119,320$1,739,602$11,615,930
91$17,172,554$3,200,524$1,726,236$12,668,266
92$18,850,255$3,283,451$1,710,165$13,824,980
93$20,696,754$3,368,113$1,691,229$15,096,669
94$22,729,194$3,454,522$1,669,257$16,495,009
95$24,966,467$3,542,689$1,644,072$18,032,869
96$27,429,387$3,632,621$1,615,489$19,724,430
97$30,140,889$3,724,324$1,583,312$21,585,319
98$33,126,247$3,817,802$1,547,340$23,632,758
99$36,413,306$3,913,057$1,507,358$25,885,726
100$40,032,754$4,010,087$1,463,145$28,365,137