Can I retire at age 64 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$108,179$107,215$106,275$105,357$104,461$102,268
2 years$53,554$52,556$51,590$50,653$49,743$47,545
3 years$35,348$34,346$33,382$32,454$31,559$29,423
4 years$26,247$25,248$24,294$23,381$22,508$20,451
5 years$20,787$19,795$18,853$17,959$17,110$15,138
6 years$17,149$16,164$15,236$14,362$13,539$11,653
7 years$14,551$13,574$12,661$11,808$11,011$9,213
8 years$12,604$11,636$10,738$9,905$9,135$7,423
9 years$11,090$10,131$9,248$8,437$7,693$6,067
10 years$9,880$8,930$8,063$7,273$6,554$5,012
11 years$8,890$7,950$7,098$6,329$5,637$4,177
12 years$8,066$7,135$6,300$5,552$4,885$3,505
13 years$7,369$6,448$5,628$4,901$4,260$2,957
14 years$6,772$5,861$5,057$4,351$3,734$2,506
15 years$6,255$5,354$4,566$3,880$3,288$2,132
16 years$5,804$4,913$4,140$3,474$2,906$1,819
17 years$5,406$4,524$3,767$3,122$2,576$1,556
18 years$5,052$4,181$3,439$2,813$2,291$1,335
19 years$4,736$3,875$3,148$2,542$2,042$1,147
20 years$4,452$3,600$2,889$2,302$1,824$987
21 years$4,196$3,354$2,657$2,089$1,632$850
22 years$3,963$3,131$2,449$1,900$1,463$733
23 years$3,750$2,928$2,261$1,730$1,313$633
24 years$3,556$2,743$2,091$1,578$1,180$547
25 years$3,377$2,574$1,937$1,441$1,062$473
26 years$3,213$2,420$1,797$1,318$957$409
27 years$3,061$2,277$1,668$1,206$863$354
28 years$2,920$2,146$1,551$1,105$778$307
29 years$2,789$2,024$1,443$1,013$703$266
30 years$2,667$1,912$1,344$930$635$231
31 years$2,553$1,807$1,253$854$574$200
32 years$2,446$1,710$1,169$785$519$173
33 years$2,346$1,619$1,092$722$470$150
34 years$2,252$1,535$1,020$664$426$131
35 years$2,164$1,456$954$611$385$113
36 years$2,081$1,382$892$563$349$98
37 years$2,002$1,312$835$519$317$85
38 years$1,928$1,247$782$478$287$74
39 years$1,858$1,186$733$441$260$64
40 years$1,791$1,128$687$407$236$56
41 years$1,728$1,074$644$375$214$49
42 years$1,668$1,023$604$346$194$42
43 years$1,611$975$567$320$176$37
44 years$1,556$929$532$295$160$32
45 years$1,505$886$500$273$145$28
46 years$1,455$845$469$252$132$24
47 years$1,408$806$441$233$120$21
48 years$1,363$770$414$215$109$18
49 years$1,320$735$389$199$99$16
50 years$1,279$702$366$184$90$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,310,000, adding $2,793 every year, while hoping to spend $31,077 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: 33/45/22 Blend
63$1,310,000$1,310,000$1,310,000$1,310,000
64$1,446,501$1,377,071$1,356,766$1,484,387
65$1,560,978$1,411,482$1,369,152$1,547,345
66$1,686,091$1,446,537$1,380,911$1,612,131
67$1,822,891$1,482,236$1,391,990$1,681,318
68$1,972,536$1,518,576$1,402,332$1,755,313
69$2,136,301$1,555,553$1,411,877$1,834,566
70$2,315,592$1,593,163$1,420,563$1,919,570
71$2,511,954$1,631,399$1,428,323$2,010,869
72$2,727,090$1,670,255$1,435,089$2,109,065
73$2,962,876$1,709,720$1,440,788$2,214,818
74$3,221,377$1,749,784$1,445,342$2,328,857
75$3,504,869$1,790,435$1,448,672$2,451,984
76$3,815,856$1,831,657$1,450,693$2,585,086
77$4,157,100$1,873,434$1,451,317$2,729,138
78$4,531,638$1,915,747$1,450,451$2,885,214
79$4,942,821$1,958,574$1,447,997$3,054,502
80$5,394,337$2,001,892$1,443,852$3,238,308
81$5,890,248$2,045,674$1,437,911$3,438,072
82$6,435,032$2,089,891$1,430,059$3,655,383
83$7,033,619$2,134,509$1,420,180$3,891,993
84$7,691,442$2,179,494$1,408,150$4,149,831
85$8,414,485$2,224,805$1,393,839$4,431,026
86$9,209,342$2,270,400$1,377,112$4,737,926
87$10,083,276$2,316,231$1,357,826$5,073,117
88$11,044,291$2,362,247$1,335,834$5,439,451
89$12,101,204$2,408,392$1,310,980$5,840,074
90$13,263,730$2,454,606$1,283,101$6,278,452
91$14,542,571$2,500,823$1,252,025$6,758,409
92$15,949,522$2,546,971$1,217,577$7,284,160
93$17,497,575$2,592,975$1,179,567$7,860,350
94$19,201,047$2,638,750$1,137,802$8,492,104
95$21,075,713$2,684,208$1,092,078$9,185,069
96$23,138,954$2,729,253$1,042,181$9,945,472
97$25,409,922$2,773,780$987,888$10,780,179
98$27,909,718$2,817,680$928,967$11,696,757
99$30,661,595$2,860,832$865,173$12,703,553
100$33,691,174$2,903,109$796,252$13,809,764