Can I retire at age 64 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$107,353$106,397$105,464$104,553$103,664$99,986
2 years$53,145$52,155$51,196$50,266$49,364$45,697
3 years$35,078$34,084$33,127$32,206$31,318$27,779
4 years$26,046$25,055$24,108$23,202$22,337$18,951
5 years$20,629$19,644$18,709$17,822$16,980$13,757
6 years$17,018$16,041$15,120$14,252$13,436$10,378
7 years$14,440$13,471$12,564$11,718$10,927$8,034
8 years$12,508$11,547$10,656$9,830$9,065$6,334
9 years$11,005$10,054$9,178$8,373$7,634$5,062
10 years$9,804$8,862$8,001$7,217$6,504$4,087
11 years$8,822$7,889$7,044$6,281$5,594$3,326
12 years$8,004$7,081$6,252$5,509$4,848$2,723
13 years$7,313$6,399$5,585$4,864$4,227$2,241
14 years$6,720$5,817$5,018$4,318$3,706$1,851
15 years$6,208$5,314$4,531$3,851$3,263$1,534
16 years$5,759$4,875$4,108$3,448$2,884$1,275
17 years$5,364$4,490$3,738$3,098$2,557$1,062
18 years$5,014$4,149$3,412$2,792$2,273$886
19 years$4,700$3,845$3,124$2,523$2,026$740
20 years$4,418$3,573$2,867$2,285$1,810$619
21 years$4,164$3,328$2,637$2,074$1,620$519
22 years$3,932$3,107$2,430$1,885$1,452$435
23 years$3,722$2,906$2,244$1,717$1,303$364
24 years$3,529$2,722$2,075$1,566$1,171$306
25 years$3,352$2,555$1,922$1,430$1,054$257
26 years$3,188$2,401$1,783$1,308$949$216
27 years$3,037$2,260$1,655$1,197$856$181
28 years$2,897$2,129$1,539$1,097$772$152
29 years$2,767$2,009$1,432$1,006$697$128
30 years$2,646$1,897$1,334$923$630$108
31 years$2,533$1,793$1,244$848$570$91
32 years$2,427$1,697$1,160$779$515$76
33 years$2,328$1,607$1,083$716$466$64
34 years$2,235$1,523$1,012$659$422$54
35 years$2,147$1,445$946$607$382$45
36 years$2,065$1,371$885$559$347$38
37 years$1,987$1,302$829$515$314$32
38 years$1,913$1,238$776$475$285$27
39 years$1,843$1,177$727$438$258$23
40 years$1,777$1,120$681$404$234$19
41 years$1,715$1,066$639$372$212$16
42 years$1,655$1,015$599$344$193$14
43 years$1,598$967$562$317$175$11
44 years$1,545$922$528$293$159$10
45 years$1,493$879$496$271$144$8
46 years$1,444$839$466$250$131$7
47 years$1,398$800$437$231$119$6
48 years$1,353$764$411$213$108$5
49 years$1,310$730$386$197$98$4
50 years$1,269$697$363$182$89$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,300,000, adding $2,695 every year, while hoping to spend $25,290 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: 45/48/7 Blend
63$1,300,000$1,300,000$1,300,000$1,300,000
64$1,435,380$1,366,480$1,346,330$1,497,056
65$1,554,880$1,406,529$1,364,524$1,579,928
66$1,685,722$1,447,693$1,382,479$1,666,899
67$1,829,035$1,490,000$1,400,162$1,760,613
68$1,986,065$1,533,477$1,417,535$1,861,697
69$2,158,181$1,578,155$1,434,560$1,970,844
70$2,346,894$1,624,063$1,451,196$2,088,815
71$2,553,865$1,671,230$1,467,399$2,216,445
72$2,780,927$1,719,688$1,483,124$2,354,655
73$3,030,095$1,769,467$1,498,323$2,504,457
74$3,303,593$1,820,599$1,512,945$2,666,966
75$3,603,866$1,873,115$1,526,936$2,843,408
76$3,933,612$1,927,049$1,540,240$3,035,131
77$4,295,800$1,982,434$1,552,797$3,243,621
78$4,693,701$2,039,303$1,564,545$3,470,513
79$5,130,920$2,097,690$1,575,418$3,717,606
80$5,611,426$2,157,629$1,585,347$3,986,882
81$6,139,594$2,219,155$1,594,259$4,280,522
82$6,720,243$2,282,305$1,602,078$4,600,929
83$7,358,682$2,347,112$1,608,722$4,950,746
84$8,060,761$2,413,614$1,614,107$5,332,888
85$8,832,924$2,481,846$1,618,145$5,750,562
86$9,682,272$2,551,846$1,620,742$6,207,300
87$10,616,627$2,623,649$1,621,800$6,706,995
88$11,644,609$2,697,295$1,621,217$7,253,931
89$12,775,716$2,772,819$1,618,884$7,852,830
90$14,020,411$2,850,259$1,614,689$8,508,892
91$15,390,225$2,929,654$1,608,513$9,227,845
92$16,897,862$3,011,040$1,600,232$10,015,999
93$18,557,319$3,094,457$1,589,715$10,880,305
94$20,384,020$3,179,940$1,576,826$11,828,422
95$22,394,962$3,267,529$1,561,421$12,868,785
96$24,608,871$3,357,260$1,543,351$14,010,691
97$27,046,381$3,449,172$1,522,459$15,264,380
98$29,730,231$3,543,300$1,498,580$16,641,133
99$32,685,475$3,639,682$1,471,543$18,153,382
100$35,939,721$3,738,354$1,441,167$19,814,822