Can I retire at age 64 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$95,792$94,938$94,106$93,293$92,500$91,458
2 years$47,422$46,538$45,683$44,853$44,048$42,999
3 years$31,300$30,413$29,560$28,738$27,946$26,922
4 years$23,241$22,357$21,512$20,704$19,931$18,941
5 years$18,407$17,528$16,694$15,902$15,151$14,198
6 years$15,185$14,313$13,491$12,717$11,989$11,073
7 years$12,885$12,020$11,211$10,456$9,750$8,872
8 years$11,161$10,303$9,508$8,771$8,089$7,248
9 years$9,820$8,971$8,189$7,471$6,812$6,009
10 years$8,748$7,908$7,140$6,440$5,804$5,038
11 years$7,872$7,040$6,286$5,605$4,992$4,262
12 years$7,142$6,318$5,578$4,916$4,326$3,632
13 years$6,525$5,710$4,984$4,340$3,772$3,113
14 years$5,997$5,190$4,478$3,853$3,307$2,681
15 years$5,539$4,741$4,043$3,436$2,911$2,318
16 years$5,139$4,350$3,666$3,077$2,573$2,012
17 years$4,787$4,006$3,336$2,764$2,281$1,751
18 years$4,474$3,702$3,045$2,491$2,029$1,528
19 years$4,194$3,431$2,788$2,251$1,808$1,336
20 years$3,942$3,188$2,558$2,039$1,615$1,170
21 years$3,715$2,970$2,353$1,850$1,445$1,027
22 years$3,509$2,772$2,169$1,682$1,295$902
23 years$3,321$2,593$2,002$1,532$1,163$793
24 years$3,149$2,429$1,852$1,397$1,045$699
25 years$2,991$2,280$1,715$1,276$941$616
26 years$2,845$2,143$1,591$1,167$847$543
27 years$2,710$2,016$1,477$1,068$764$479
28 years$2,585$1,900$1,373$979$689$423
29 years$2,469$1,792$1,278$897$622$374
30 years$2,361$1,693$1,190$824$562$331
31 years$2,260$1,600$1,110$756$508$293
32 years$2,166$1,514$1,035$695$460$259
33 years$2,077$1,434$967$639$416$229
34 years$1,994$1,359$903$588$377$203
35 years$1,916$1,289$844$541$341$180
36 years$1,842$1,223$790$499$309$159
37 years$1,773$1,162$739$459$280$141
38 years$1,707$1,104$692$423$254$125
39 years$1,645$1,050$649$390$230$111
40 years$1,586$999$608$360$209$98
41 years$1,530$951$570$332$190$87
42 years$1,477$906$535$307$172$77
43 years$1,426$863$502$283$156$68
44 years$1,378$823$471$261$142$61
45 years$1,332$784$442$241$129$54
46 years$1,289$748$415$223$117$48
47 years$1,247$714$390$206$106$42
48 years$1,207$682$367$190$96$38
49 years$1,169$651$345$176$87$33
50 years$1,133$622$324$163$79$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,160,000, adding $3,726 every year, while hoping to spend $20,856 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: 68/16/16 Blend
63$1,160,000$1,160,000$1,160,000$1,160,000
64$1,282,163$1,220,683$1,202,703$1,364,243
65$1,390,753$1,258,306$1,220,803$1,457,073
66$1,509,721$1,297,074$1,238,811$1,555,765
67$1,640,101$1,337,020$1,256,700$1,663,189
68$1,783,037$1,378,179$1,274,445$1,780,203
69$1,939,786$1,420,588$1,292,018$1,907,751
70$2,111,731$1,464,284$1,309,387$2,046,872
71$2,300,398$1,509,305$1,326,523$2,198,709
72$2,507,468$1,555,690$1,343,390$2,364,522
73$2,734,790$1,603,479$1,359,954$2,545,700
74$2,984,403$1,652,714$1,376,177$2,743,771
75$3,258,553$1,703,438$1,392,019$2,960,417
76$3,559,713$1,755,693$1,407,439$3,197,493
77$3,890,607$1,809,527$1,422,393$3,457,041
78$4,254,239$1,864,983$1,436,833$3,741,312
79$4,653,916$1,922,111$1,450,711$4,052,783
80$5,093,280$1,980,960$1,463,974$4,394,184
81$5,576,346$2,041,578$1,476,569$4,768,524
82$6,107,537$2,104,019$1,488,438$5,179,114
83$6,691,725$2,168,335$1,499,520$5,629,607
84$7,334,278$2,234,582$1,509,751$6,124,022
85$8,041,113$2,302,814$1,519,065$6,666,792
86$8,818,744$2,373,090$1,527,392$7,262,797
87$9,674,353$2,445,468$1,534,657$7,917,416
88$10,615,851$2,520,010$1,540,782$8,636,575
89$11,651,956$2,596,778$1,545,686$9,426,804
90$12,792,271$2,675,837$1,549,283$10,295,296
91$14,047,382$2,757,251$1,551,482$11,249,979
92$15,428,947$2,841,090$1,552,190$12,299,587
93$16,949,818$2,927,421$1,551,306$13,453,744
94$18,624,152$3,016,317$1,548,727$14,723,054
95$20,467,549$3,107,850$1,544,343$16,119,202
96$22,497,201$3,202,096$1,538,040$17,655,064
97$24,732,049$3,299,133$1,529,698$19,344,828
98$27,192,965$3,399,038$1,519,191$21,204,126
99$29,902,950$3,501,893$1,506,386$23,250,187
100$32,887,347$3,607,781$1,491,146$25,501,992