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

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$82,579$81,843$81,126$80,425$79,741$77,437
2 years$40,881$40,119$39,381$38,666$37,972$35,669
3 years$26,983$26,218$25,482$24,774$24,091$21,861
4 years$20,036$19,273$18,545$17,848$17,182$15,042
5 years$15,868$15,111$14,391$13,709$13,061$11,018
6 years$13,091$12,339$11,630$10,963$10,335$8,390
7 years$11,108$10,362$9,665$9,013$8,405$6,558
8 years$9,621$8,882$8,197$7,561$6,973$5,222
9 years$8,466$7,734$7,060$6,440$5,872$4,217
10 years$7,542$6,817$6,155$5,552$5,003$3,441
11 years$6,786$6,069$5,419$4,832$4,303$2,831
12 years$6,157$5,447$4,809$4,238$3,729$2,345
13 years$5,625$4,922$4,296$3,742$3,252$1,952
14 years$5,170$4,474$3,860$3,321$2,850$1,632
15 years$4,775$4,087$3,485$2,962$2,510$1,369
16 years$4,430$3,750$3,160$2,652$2,218$1,151
17 years$4,126$3,454$2,875$2,383$1,967$971
18 years$3,857$3,191$2,625$2,148$1,749$820
19 years$3,615$2,958$2,403$1,940$1,559$694
20 years$3,399$2,748$2,205$1,757$1,392$588
21 years$3,203$2,560$2,029$1,595$1,246$499
22 years$3,025$2,390$1,870$1,450$1,117$424
23 years$2,863$2,235$1,726$1,321$1,002$360
24 years$2,714$2,094$1,596$1,205$901$307
25 years$2,578$1,965$1,479$1,100$811$261
26 years$2,453$1,847$1,371$1,006$730$222
27 years$2,336$1,738$1,273$921$658$189
28 years$2,229$1,638$1,184$844$594$161
29 years$2,129$1,545$1,102$774$537$137
30 years$2,036$1,459$1,026$710$485$117
31 years$1,949$1,380$957$652$438$100
32 years$1,867$1,305$893$599$396$85
33 years$1,791$1,236$833$551$359$73
34 years$1,719$1,172$779$507$325$62
35 years$1,652$1,111$728$467$294$53
36 years$1,588$1,055$681$430$267$45
37 years$1,528$1,002$637$396$242$39
38 years$1,472$952$597$365$219$33
39 years$1,418$905$559$337$199$28
40 years$1,367$861$524$310$180$24
41 years$1,319$820$492$286$163$21
42 years$1,273$781$461$264$148$18
43 years$1,230$744$433$244$135$15
44 years$1,188$709$406$225$122$13
45 years$1,149$676$381$208$111$11
46 years$1,111$645$358$192$101$9
47 years$1,075$616$336$178$91$8
48 years$1,041$588$316$164$83$7
49 years$1,008$561$297$152$75$6
50 years$976$536$279$140$69$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,000,000, adding $5,035 every year, while hoping to spend $52,756 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: 49/27/24 Blend
63$1,000,000$1,000,000$1,000,000$1,000,000
64$1,107,194$1,054,194$1,038,694$1,153,709
65$1,163,995$1,049,717$1,017,358$1,182,190
66$1,224,823$1,043,253$993,539$1,207,423
67$1,290,031$1,034,649$967,099$1,233,769
68$1,360,009$1,023,741$937,891$1,261,356
69$1,435,184$1,010,358$905,765$1,290,328
70$1,516,025$994,318$870,560$1,320,848
71$1,603,047$975,428$832,112$1,353,098
72$1,696,816$953,482$790,246$1,387,283
73$1,797,952$928,263$744,780$1,423,631
74$1,907,138$899,543$695,525$1,462,399
75$2,025,124$867,078$642,282$1,503,874
76$2,152,733$830,612$584,845$1,548,377
77$2,290,871$789,871$522,997$1,596,266
78$2,440,533$744,569$456,511$1,647,942
79$2,602,816$694,400$385,152$1,703,850
80$2,778,921$639,044$308,673$1,764,490
81$2,970,174$578,160$226,816$1,830,415
82$3,178,030$511,388$139,313$1,902,244
83$3,404,092$438,349$45,883$1,980,665
84$3,650,122$358,641$0$2,066,444
85$3,918,060$271,840$0$2,174,215
86$4,210,039$177,498$0$2,304,576
87$4,528,410$75,141$0$2,446,900
88$4,875,755$0$0$2,602,439
89$5,254,922$0$0$2,783,197
90$5,669,042$0$0$3,005,101
91$6,121,562$0$0$3,247,687
92$6,616,280$0$0$3,513,002
93$7,157,373$0$0$3,803,303
94$7,749,445$0$0$4,121,071
95$8,397,561$0$0$4,469,042
96$9,107,302$0$0$4,850,225
97$9,884,812$0$0$5,267,938
98$10,736,858$0$0$5,725,831
99$11,670,892$0$0$6,227,927
100$12,695,122$0$0$6,778,656