Can I retire at age 64 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$96,618$95,757$94,917$94,098$93,297$92,787
2 years$47,830$46,940$46,076$45,239$44,427$43,913
3 years$31,570$30,676$29,814$28,985$28,187$27,683
4 years$23,442$22,550$21,697$20,882$20,103$19,615
5 years$18,566$17,679$16,838$16,040$15,282$14,810
6 years$15,316$14,436$13,608$12,827$12,092$11,638
7 years$12,996$12,124$11,308$10,546$9,834$9,397
8 years$11,257$10,392$9,590$8,847$8,158$7,739
9 years$9,905$9,048$8,260$7,535$6,870$6,468
10 years$8,824$7,976$7,201$6,496$5,854$5,469
11 years$7,940$7,100$6,340$5,653$5,035$4,667
12 years$7,204$6,373$5,626$4,958$4,363$4,012
13 years$6,581$5,759$5,027$4,378$3,805$3,470
14 years$6,048$5,235$4,517$3,886$3,335$3,016
15 years$5,587$4,782$4,078$3,466$2,936$2,633
16 years$5,184$4,388$3,697$3,103$2,595$2,307
17 years$4,828$4,041$3,364$2,788$2,301$2,027
18 years$4,512$3,734$3,071$2,513$2,046$1,786
19 years$4,230$3,461$2,812$2,270$1,824$1,578
20 years$3,976$3,216$2,580$2,056$1,629$1,396
21 years$3,747$2,995$2,373$1,866$1,458$1,238
22 years$3,539$2,796$2,187$1,697$1,307$1,099
23 years$3,350$2,615$2,020$1,545$1,173$977
24 years$3,176$2,450$1,868$1,409$1,054$870
25 years$3,016$2,299$1,730$1,287$949$775
26 years$2,869$2,161$1,605$1,177$855$691
27 years$2,734$2,034$1,490$1,077$770$617
28 years$2,608$1,916$1,385$987$695$551
29 years$2,491$1,808$1,289$905$628$492
30 years$2,382$1,707$1,201$831$567$440
31 years$2,280$1,614$1,119$763$513$394
32 years$2,185$1,527$1,044$701$464$352
33 years$2,095$1,446$975$645$420$316
34 years$2,011$1,371$911$593$380$283
35 years$1,933$1,300$852$546$344$253
36 years$1,858$1,234$797$503$312$227
37 years$1,788$1,172$746$463$283$204
38 years$1,722$1,114$698$427$256$182
39 years$1,659$1,059$654$394$232$164
40 years$1,600$1,008$613$363$211$147
41 years$1,543$959$575$335$191$132
42 years$1,490$914$539$309$174$118
43 years$1,439$870$506$286$157$106
44 years$1,390$830$475$264$143$95
45 years$1,344$791$446$243$130$85
46 years$1,300$755$419$225$118$77
47 years$1,258$720$394$208$107$69
48 years$1,218$688$370$192$97$62
49 years$1,179$657$348$177$88$56
50 years$1,142$627$327$164$80$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,170,000, adding $3,841 every year, while hoping to spend $54,059 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: 71/20/9 Blend
63$1,170,000$1,170,000$1,170,000$1,170,000
64$1,293,302$1,231,292$1,213,157$1,382,735
65$1,367,700$1,234,107$1,196,279$1,445,206
66$1,447,876$1,235,248$1,177,025$1,506,540
67$1,534,360$1,234,576$1,155,256$1,572,200
68$1,627,738$1,231,943$1,130,830$1,642,601
69$1,728,652$1,227,193$1,103,597$1,718,198
70$1,837,808$1,220,159$1,073,401$1,799,494
71$1,955,982$1,210,665$1,040,078$1,887,045
72$2,084,027$1,198,523$1,003,456$1,981,463
73$2,222,882$1,183,535$963,356$2,083,423
74$2,373,579$1,165,490$919,591$2,193,672
75$2,537,251$1,144,166$871,964$2,313,033
76$2,715,147$1,119,327$820,271$2,442,413
77$2,908,639$1,090,722$764,298$2,582,815
78$3,119,240$1,058,086$703,821$2,735,345
79$3,348,610$1,021,140$638,607$2,901,223
80$3,598,579$979,586$568,411$3,081,795
81$3,871,159$933,112$492,978$3,278,546
82$4,168,567$881,384$412,043$3,493,117
83$4,493,241$824,052$325,326$3,727,316
84$4,847,865$760,744$232,538$3,983,138
85$5,235,395$691,068$133,376$4,262,786
86$5,659,084$614,608$27,522$4,568,688
87$6,122,513$530,927$0$4,903,526
88$6,629,629$439,562$0$5,278,461
89$7,184,772$340,021$0$5,691,904
90$7,792,726$231,790$0$6,144,842
91$8,458,757$114,320$0$6,641,283
92$9,188,665$0$0$7,185,642
93$9,988,838$0$0$7,785,643
94$10,866,311$0$0$8,471,256
95$11,828,833$0$0$9,223,383
96$12,884,937$0$0$10,048,701
97$14,044,026$0$0$10,954,564
98$15,316,454$0$0$11,949,073
99$16,713,627$0$0$13,041,152
100$18,248,111$0$0$14,240,632