Can I retire at age 64 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$90,837$90,028$89,238$88,468$87,716$86,298
2 years$44,969$44,131$43,320$42,533$41,769$40,345
3 years$29,681$28,840$28,031$27,251$26,500$25,113
4 years$22,039$21,201$20,399$19,633$18,900$17,562
5 years$17,455$16,622$15,831$15,080$14,368$13,081
6 years$14,400$13,573$12,793$12,060$11,369$10,136
7 years$12,219$11,398$10,631$9,915$9,246$8,067
8 years$10,583$9,771$9,016$8,317$7,670$6,545
9 years$9,312$8,507$7,766$7,084$6,459$5,388
10 years$8,296$7,499$6,770$6,107$5,504$4,485
11 years$7,465$6,675$5,960$5,315$4,733$3,765
12 years$6,773$5,992$5,290$4,662$4,102$3,184
13 years$6,188$5,415$4,726$4,116$3,577$2,708
14 years$5,687$4,922$4,246$3,653$3,135$2,314
15 years$5,253$4,496$3,834$3,258$2,761$1,984
16 years$4,873$4,125$3,476$2,917$2,440$1,708
17 years$4,539$3,799$3,163$2,621$2,163$1,474
18 years$4,242$3,510$2,887$2,362$1,924$1,275
19 years$3,977$3,253$2,643$2,135$1,715$1,105
20 years$3,739$3,023$2,426$1,933$1,531$959
21 years$3,523$2,816$2,231$1,755$1,371$834
22 years$3,327$2,629$2,057$1,595$1,228$726
23 years$3,149$2,459$1,899$1,453$1,103$633
24 years$2,986$2,304$1,756$1,325$991$552
25 years$2,836$2,162$1,627$1,210$892$482
26 years$2,698$2,032$1,509$1,106$803$421
27 years$2,570$1,912$1,401$1,013$724$368
28 years$2,452$1,802$1,302$928$654$322
29 years$2,342$1,700$1,212$851$590$282
30 years$2,239$1,605$1,129$781$533$247
31 years$2,143$1,517$1,052$717$482$216
32 years$2,054$1,436$982$659$436$189
33 years$1,970$1,360$917$606$395$166
34 years$1,891$1,289$857$558$357$145
35 years$1,817$1,222$801$513$324$127
36 years$1,747$1,160$749$473$293$112
37 years$1,681$1,102$701$436$266$98
38 years$1,619$1,047$657$402$241$86
39 years$1,560$996$615$370$218$75
40 years$1,504$947$577$342$198$66
41 years$1,451$902$541$315$180$58
42 years$1,400$859$507$291$163$51
43 years$1,353$818$476$268$148$45
44 years$1,307$780$447$248$134$39
45 years$1,264$744$419$229$122$34
46 years$1,222$710$394$211$111$30
47 years$1,183$677$370$195$101$27
48 years$1,145$646$348$180$91$23
49 years$1,109$617$327$167$83$20
50 years$1,074$590$307$154$75$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,100,000, adding $3,280 every year, while hoping to spend $28,774 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: 32/48/20 Blend
63$1,100,000$1,100,000$1,100,000$1,100,000
64$1,215,583$1,157,283$1,140,233$1,246,852
65$1,308,958$1,183,375$1,147,816$1,296,622
66$1,410,891$1,209,781$1,154,688$1,347,345
67$1,522,228$1,236,485$1,160,796$1,401,378
68$1,643,895$1,263,473$1,166,082$1,459,028
69$1,776,913$1,290,724$1,170,486$1,520,634
70$1,922,407$1,318,219$1,173,947$1,586,569
71$2,081,616$1,345,934$1,176,397$1,657,245
72$2,255,902$1,373,847$1,177,768$1,733,116
73$2,446,768$1,401,928$1,177,987$1,814,683
74$2,655,865$1,430,150$1,176,977$1,902,499
75$2,885,016$1,458,480$1,174,658$1,997,172
76$3,136,225$1,486,883$1,170,946$2,099,375
77$3,411,701$1,515,321$1,165,754$2,209,850
78$3,713,876$1,543,754$1,158,988$2,329,415
79$4,045,430$1,572,136$1,150,553$2,458,972
80$4,409,314$1,600,420$1,140,346$2,599,518
81$4,808,778$1,628,555$1,128,262$2,752,150
82$5,247,403$1,656,484$1,114,189$2,918,080
83$5,729,134$1,684,148$1,098,010$3,098,646
84$6,258,317$1,711,482$1,079,604$3,295,322
85$6,839,737$1,738,417$1,058,843$3,509,734
86$7,478,670$1,764,879$1,035,594$3,743,678
87$8,180,923$1,790,787$1,009,715$3,999,134
88$8,952,899$1,816,057$981,062$4,278,284
89$9,801,648$1,840,597$949,481$4,583,540
90$10,734,940$1,864,310$914,812$4,917,557
91$11,761,333$1,887,091$876,888$5,283,267
92$12,890,258$1,908,827$835,533$5,683,904
93$14,132,105$1,929,401$790,564$6,123,034
94$15,498,323$1,948,685$741,791$6,604,589
95$17,001,525$1,966,543$689,014$7,132,910
96$18,655,608$1,982,831$632,023$7,712,781
97$20,475,884$1,997,394$570,601$8,349,479
98$22,479,228$2,010,070$504,519$9,048,825
99$24,684,229$2,020,683$433,540$9,817,237
100$27,111,371$2,029,047$357,415$10,661,796