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%15.3%
1 years$123,043$121,947$120,878$119,834$118,815$116,226
2 years$60,912$59,778$58,678$57,612$56,578$53,983
3 years$40,205$39,065$37,969$36,913$35,896$33,375
4 years$29,853$28,717$27,632$26,594$25,601$23,175
5 years$23,644$22,515$21,443$20,426$19,462$17,136
6 years$19,505$18,385$17,329$16,335$15,399$13,177
7 years$16,551$15,440$14,401$13,430$12,524$10,405
8 years$14,336$13,235$12,213$11,266$10,390$8,374
9 years$12,614$11,523$10,519$9,596$8,750$6,836
10 years$11,237$10,157$9,171$8,272$7,455$5,641
11 years$10,111$9,042$8,074$7,199$6,412$4,695
12 years$9,174$8,116$7,165$6,315$5,556$3,934
13 years$8,381$7,334$6,402$5,575$4,845$3,315
14 years$7,703$6,667$5,752$4,949$4,247$2,805
15 years$7,115$6,090$5,193$4,413$3,740$2,383
16 years$6,601$5,588$4,708$3,952$3,305$2,031
17 years$6,148$5,146$4,284$3,551$2,930$1,735
18 years$5,746$4,755$3,911$3,200$2,606$1,486
19 years$5,387$4,407$3,580$2,891$2,322$1,274
20 years$5,064$4,095$3,286$2,619$2,074$1,095
21 years$4,772$3,815$3,022$2,377$1,856$942
22 years$4,507$3,561$2,786$2,161$1,664$811
23 years$4,266$3,330$2,572$1,968$1,494$699
24 years$4,045$3,120$2,379$1,795$1,343$603
25 years$3,841$2,928$2,203$1,639$1,208$521
26 years$3,654$2,752$2,043$1,499$1,088$450
27 years$3,481$2,590$1,897$1,372$981$389
28 years$3,321$2,441$1,764$1,257$885$336
29 years$3,172$2,302$1,641$1,153$799$291
30 years$3,033$2,174$1,529$1,058$722$252
31 years$2,903$2,055$1,425$972$653$218
32 years$2,782$1,945$1,330$893$591$189
33 years$2,668$1,842$1,242$821$535$164
34 years$2,562$1,746$1,160$755$484$142
35 years$2,461$1,656$1,085$695$438$123
36 years$2,366$1,572$1,015$640$397$106
37 years$2,277$1,493$950$590$360$92
38 years$2,193$1,418$889$544$326$80
39 years$2,113$1,349$833$502$296$69
40 years$2,037$1,283$781$463$268$60
41 years$1,965$1,222$732$427$244$52
42 years$1,897$1,163$687$394$221$45
43 years$1,832$1,108$645$364$201$39
44 years$1,770$1,057$605$336$182$34
45 years$1,711$1,008$568$310$165$29
46 years$1,655$961$534$286$150$25
47 years$1,602$917$501$265$136$22
48 years$1,551$876$471$244$124$19
49 years$1,502$836$443$226$112$17
50 years$1,455$799$416$209$102$14

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 $5,904 every year, while hoping to spend $28,103 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: 57/37/6 Blend
63$1,490,000$1,490,000$1,490,000$1,490,000
64$1,648,070$1,569,100$1,546,005$1,739,624
65$1,786,272$1,616,085$1,567,895$1,848,845
66$1,937,628$1,664,429$1,589,576$1,964,101
67$2,103,451$1,714,172$1,611,012$2,088,973
68$2,285,186$1,765,349$1,632,164$2,224,381
69$2,484,425$1,818,000$1,652,991$2,371,339
70$2,702,919$1,872,165$1,673,449$2,530,959
71$2,942,600$1,927,885$1,693,492$2,704,467
72$3,205,594$1,985,199$1,713,073$2,893,213
73$3,494,242$2,044,152$1,732,139$3,098,680
74$3,811,126$2,104,787$1,750,637$3,322,503
75$4,159,087$2,167,148$1,768,509$3,566,481
76$4,541,256$2,231,279$1,785,696$3,832,594
77$4,961,081$2,297,229$1,802,134$4,123,023
78$5,422,361$2,365,043$1,817,755$4,440,168
79$5,929,282$2,434,771$1,832,491$4,786,673
80$6,486,456$2,506,461$1,846,266$5,165,449
81$7,098,961$2,580,165$1,859,002$5,579,702
82$7,772,395$2,655,932$1,870,618$6,032,962
83$8,512,923$2,733,817$1,881,028$6,529,117
84$9,327,339$2,813,872$1,890,140$7,072,450
85$10,223,127$2,896,151$1,897,860$7,667,677
86$11,208,534$2,980,711$1,904,087$8,319,994
87$12,292,647$3,067,608$1,908,715$9,035,124
88$13,485,475$3,156,899$1,911,636$9,819,371
89$14,798,050$3,248,644$1,912,732$10,679,679
90$16,242,525$3,342,901$1,911,882$11,623,698
91$17,832,290$3,439,731$1,908,958$12,659,855
92$19,582,103$3,539,197$1,903,827$13,797,434
93$21,508,220$3,641,360$1,896,348$15,046,665
94$23,628,556$3,746,285$1,886,373$16,418,815
95$25,962,852$3,854,035$1,873,750$17,926,299
96$28,532,857$3,964,677$1,858,315$19,582,795
97$31,362,540$4,078,278$1,839,899$21,403,374
98$34,478,309$4,194,903$1,818,326$23,404,641
99$37,909,265$4,314,622$1,793,409$25,604,888
100$41,687,475$4,437,504$1,764,953$28,024,274