Can I retire at age 64 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$123,043$121,947$120,878$119,834$118,815$115,848
2 years$60,912$59,778$58,678$57,612$56,578$53,609
3 years$40,205$39,065$37,969$36,913$35,896$33,015
4 years$29,853$28,717$27,632$26,594$25,601$22,832
5 years$23,644$22,515$21,443$20,426$19,462$16,812
6 years$19,505$18,385$17,329$16,335$15,399$12,872
7 years$16,551$15,440$14,401$13,430$12,524$10,118
8 years$14,336$13,235$12,213$11,266$10,390$8,106
9 years$12,614$11,523$10,519$9,596$8,750$6,585
10 years$11,237$10,157$9,171$8,272$7,455$5,407
11 years$10,111$9,042$8,074$7,199$6,412$4,477
12 years$9,174$8,116$7,165$6,315$5,556$3,732
13 years$8,381$7,334$6,402$5,575$4,845$3,128
14 years$7,703$6,667$5,752$4,949$4,247$2,633
15 years$7,115$6,090$5,193$4,413$3,740$2,224
16 years$6,601$5,588$4,708$3,952$3,305$1,885
17 years$6,148$5,146$4,284$3,551$2,930$1,601
18 years$5,746$4,755$3,911$3,200$2,606$1,363
19 years$5,387$4,407$3,580$2,891$2,322$1,162
20 years$5,064$4,095$3,286$2,619$2,074$992
21 years$4,772$3,815$3,022$2,377$1,856$848
22 years$4,507$3,561$2,786$2,161$1,664$726
23 years$4,266$3,330$2,572$1,968$1,494$622
24 years$4,045$3,120$2,379$1,795$1,343$533
25 years$3,841$2,928$2,203$1,639$1,208$458
26 years$3,654$2,752$2,043$1,499$1,088$393
27 years$3,481$2,590$1,897$1,372$981$337
28 years$3,321$2,441$1,764$1,257$885$290
29 years$3,172$2,302$1,641$1,153$799$249
30 years$3,033$2,174$1,529$1,058$722$214
31 years$2,903$2,055$1,425$972$653$184
32 years$2,782$1,945$1,330$893$591$158
33 years$2,668$1,842$1,242$821$535$136
34 years$2,562$1,746$1,160$755$484$117
35 years$2,461$1,656$1,085$695$438$101
36 years$2,366$1,572$1,015$640$397$87
37 years$2,277$1,493$950$590$360$75
38 years$2,193$1,418$889$544$326$64
39 years$2,113$1,349$833$502$296$55
40 years$2,037$1,283$781$463$268$48
41 years$1,965$1,222$732$427$244$41
42 years$1,897$1,163$687$394$221$35
43 years$1,832$1,108$645$364$201$30
44 years$1,770$1,057$605$336$182$26
45 years$1,711$1,008$568$310$165$23
46 years$1,655$961$534$286$150$19
47 years$1,602$917$501$265$136$17
48 years$1,551$876$471$244$124$14
49 years$1,502$836$443$226$112$12
50 years$1,455$799$416$209$102$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,490,000, adding $4,766 every year, while hoping to spend $32,560 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: 44/49/7 Blend
63$1,490,000$1,490,000$1,490,000$1,490,000
64$1,646,896$1,567,926$1,544,831$1,715,887
65$1,780,236$1,610,111$1,561,939$1,806,280
66$1,926,085$1,653,271$1,578,529$1,900,463
67$2,085,685$1,697,421$1,594,550$2,001,782
68$2,260,404$1,742,573$1,609,946$2,110,905
69$2,451,745$1,788,740$1,624,659$2,228,562
70$2,661,369$1,835,934$1,638,631$2,355,561
71$2,891,099$1,884,165$1,651,796$2,492,788
72$3,142,948$1,933,446$1,664,088$2,641,218
73$3,419,129$1,983,786$1,675,435$2,801,925
74$3,722,083$2,035,193$1,685,764$2,976,092
75$4,054,495$2,087,677$1,694,997$3,165,020
76$4,419,324$2,141,244$1,703,051$3,370,141
77$4,819,832$2,195,902$1,709,839$3,593,034
78$5,259,608$2,251,654$1,715,272$3,835,436
79$5,742,608$2,308,505$1,719,253$4,099,259
80$6,273,189$2,366,457$1,721,684$4,386,611
81$6,856,152$2,425,511$1,722,458$4,699,812
82$7,496,784$2,485,666$1,721,465$5,041,419
83$8,200,913$2,546,920$1,718,590$5,414,245
84$8,974,955$2,609,269$1,713,712$5,821,393
85$9,825,982$2,672,705$1,706,704$6,266,280
86$10,761,785$2,737,220$1,697,431$6,752,667
87$11,790,947$2,802,803$1,685,755$7,284,702
88$12,922,924$2,869,441$1,671,528$7,866,952
89$14,168,136$2,937,118$1,654,598$8,504,451
90$15,538,063$3,005,813$1,634,804$9,202,742
91$17,045,352$3,075,505$1,611,976$9,967,936
92$18,703,941$3,146,167$1,585,940$10,806,765
93$20,529,184$3,217,771$1,556,511$11,726,644
94$22,538,002$3,290,283$1,523,495$12,735,748
95$24,749,037$3,363,665$1,486,691$13,843,083
96$27,182,830$3,437,876$1,445,886$15,058,571
97$29,862,016$3,512,870$1,400,861$16,393,147
98$32,811,535$3,588,593$1,351,383$17,858,863
99$36,058,868$3,664,991$1,297,211$19,468,996
100$39,634,296$3,741,999$1,238,091$21,238,179