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%15.6%
1 years$123,043$121,947$120,878$119,834$118,815$116,084
2 years$60,912$59,778$58,678$57,612$56,578$53,842
3 years$40,205$39,065$37,969$36,913$35,896$33,240
4 years$29,853$28,717$27,632$26,594$25,601$23,046
5 years$23,644$22,515$21,443$20,426$19,462$17,014
6 years$19,505$18,385$17,329$16,335$15,399$13,062
7 years$16,551$15,440$14,401$13,430$12,524$10,297
8 years$14,336$13,235$12,213$11,266$10,390$8,273
9 years$12,614$11,523$10,519$9,596$8,750$6,741
10 years$11,237$10,157$9,171$8,272$7,455$5,552
11 years$10,111$9,042$8,074$7,199$6,412$4,612
12 years$9,174$8,116$7,165$6,315$5,556$3,857
13 years$8,381$7,334$6,402$5,575$4,845$3,243
14 years$7,703$6,667$5,752$4,949$4,247$2,739
15 years$7,115$6,090$5,193$4,413$3,740$2,322
16 years$6,601$5,588$4,708$3,952$3,305$1,975
17 years$6,148$5,146$4,284$3,551$2,930$1,684
18 years$5,746$4,755$3,911$3,200$2,606$1,438
19 years$5,387$4,407$3,580$2,891$2,322$1,231
20 years$5,064$4,095$3,286$2,619$2,074$1,055
21 years$4,772$3,815$3,022$2,377$1,856$906
22 years$4,507$3,561$2,786$2,161$1,664$778
23 years$4,266$3,330$2,572$1,968$1,494$669
24 years$4,045$3,120$2,379$1,795$1,343$576
25 years$3,841$2,928$2,203$1,639$1,208$496
26 years$3,654$2,752$2,043$1,499$1,088$428
27 years$3,481$2,590$1,897$1,372$981$369
28 years$3,321$2,441$1,764$1,257$885$318
29 years$3,172$2,302$1,641$1,153$799$275
30 years$3,033$2,174$1,529$1,058$722$237
31 years$2,903$2,055$1,425$972$653$205
32 years$2,782$1,945$1,330$893$591$177
33 years$2,668$1,842$1,242$821$535$153
34 years$2,562$1,746$1,160$755$484$132
35 years$2,461$1,656$1,085$695$438$114
36 years$2,366$1,572$1,015$640$397$99
37 years$2,277$1,493$950$590$360$85
38 years$2,193$1,418$889$544$326$74
39 years$2,113$1,349$833$502$296$64
40 years$2,037$1,283$781$463$268$55
41 years$1,965$1,222$732$427$244$48
42 years$1,897$1,163$687$394$221$41
43 years$1,832$1,108$645$364$201$36
44 years$1,770$1,057$605$336$182$31
45 years$1,711$1,008$568$310$165$27
46 years$1,655$961$534$286$150$23
47 years$1,602$917$501$265$136$20
48 years$1,551$876$471$244$124$17
49 years$1,502$836$443$226$112$15
50 years$1,455$799$416$209$102$13

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 $5,392 every year, while hoping to spend $52,614 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: 42/47/11 Blend
63$1,490,000$1,490,000$1,490,000$1,490,000
64$1,647,542$1,568,572$1,545,477$1,711,212
65$1,759,610$1,589,451$1,541,269$1,777,178
66$1,881,346$1,609,590$1,535,158$1,842,879
67$2,013,680$1,628,896$1,527,022$1,912,849
68$2,157,636$1,647,273$1,516,738$1,987,499
69$2,314,340$1,664,614$1,504,174$2,067,284
70$2,485,032$1,680,809$1,489,193$2,152,707
71$2,671,075$1,695,739$1,471,650$2,244,325
72$2,873,970$1,709,276$1,451,396$2,342,752
73$3,095,370$1,721,285$1,428,273$2,448,669
74$3,337,092$1,731,622$1,402,114$2,562,828
75$3,601,139$1,740,135$1,372,749$2,686,061
76$3,889,714$1,746,661$1,339,995$2,819,286
77$4,205,243$1,751,026$1,303,663$2,963,520
78$4,550,398$1,753,046$1,263,556$3,119,886
79$4,928,120$1,752,527$1,219,466$3,289,625
80$5,341,647$1,749,259$1,171,177$3,474,111
81$5,794,546$1,743,024$1,118,462$3,674,859
82$6,290,744$1,733,587$1,061,085$3,893,545
83$6,834,567$1,720,699$998,799$4,132,021
84$7,430,778$1,704,099$931,344$4,392,332
85$8,084,624$1,683,506$858,450$4,676,739
86$8,801,883$1,658,625$779,835$4,987,739
87$9,588,920$1,629,143$695,205$5,328,090
88$10,452,746$1,594,727$604,251$5,700,838
89$11,401,084$1,555,026$506,651$6,109,347
90$12,442,440$1,509,668$402,069$6,557,334
91$13,586,185$1,458,259$290,155$7,048,903
92$14,842,643$1,400,380$170,542$7,588,582
93$16,223,186$1,335,592$42,849$8,181,377
94$17,740,342$1,263,427$0$8,832,809
95$19,407,913$1,183,391$0$9,559,942
96$21,241,105$1,094,962$0$10,364,621
97$23,256,670$997,588$0$11,249,293
98$25,473,066$890,685$0$12,222,214
99$27,910,627$773,637$0$13,292,489
100$30,591,757$645,791$0$14,470,169