Can I retire at age 64 with 1,330,000?

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 $1,330,000?

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$109,830$108,852$107,897$106,966$106,056$104,861
2 years$54,371$53,359$52,377$51,426$50,503$49,300
3 years$35,888$34,871$33,892$32,949$32,041$30,868
4 years$26,647$25,634$24,664$23,738$22,852$21,717
5 years$21,105$20,097$19,141$18,233$17,372$16,278
6 years$17,411$16,411$15,468$14,581$13,746$12,695
7 years$14,773$13,782$12,854$11,988$11,179$10,172
8 years$12,796$11,813$10,902$10,056$9,274$8,310
9 years$11,259$10,286$9,389$8,566$7,810$6,889
10 years$10,030$9,066$8,186$7,384$6,655$5,776
11 years$9,026$8,071$7,207$6,426$5,723$4,887
12 years$8,189$7,244$6,396$5,637$4,960$4,164
13 years$7,481$6,547$5,714$4,976$4,325$3,569
14 years$6,876$5,951$5,134$4,417$3,791$3,074
15 years$6,351$5,436$4,636$3,939$3,338$2,658
16 years$5,892$4,988$4,203$3,527$2,950$2,307
17 years$5,488$4,593$3,824$3,169$2,616$2,008
18 years$5,129$4,244$3,491$2,856$2,326$1,752
19 years$4,809$3,934$3,196$2,581$2,073$1,532
20 years$4,520$3,655$2,933$2,337$1,852$1,342
21 years$4,260$3,405$2,698$2,121$1,657$1,177
22 years$4,023$3,178$2,487$1,929$1,485$1,034
23 years$3,808$2,973$2,296$1,757$1,333$910
24 years$3,610$2,785$2,123$1,602$1,198$801
25 years$3,429$2,614$1,967$1,463$1,078$706
26 years$3,262$2,457$1,824$1,338$971$623
27 years$3,107$2,312$1,694$1,225$876$550
28 years$2,964$2,178$1,574$1,122$790$485
29 years$2,831$2,055$1,465$1,029$714$429
30 years$2,707$1,941$1,365$944$645$379
31 years$2,592$1,835$1,272$867$583$335
32 years$2,483$1,736$1,187$797$527$297
33 years$2,382$1,644$1,108$733$477$263
34 years$2,287$1,558$1,036$674$432$233
35 years$2,197$1,478$968$621$391$206
36 years$2,112$1,403$906$572$355$182
37 years$2,033$1,332$848$527$321$162
38 years$1,957$1,266$794$486$291$143
39 years$1,886$1,204$744$448$264$127
40 years$1,818$1,146$697$413$240$112
41 years$1,754$1,090$654$381$217$100
42 years$1,693$1,038$613$352$197$88
43 years$1,635$989$575$325$179$78
44 years$1,580$943$540$300$163$70
45 years$1,528$899$507$277$148$62
46 years$1,478$858$476$256$134$55
47 years$1,430$819$448$236$122$48
48 years$1,384$782$421$218$110$43
49 years$1,340$746$395$202$100$38
50 years$1,299$713$372$186$91$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,330,000, adding $3,590 every year, while hoping to spend $39,435 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: 40/44/16 Blend
63$1,330,000$1,330,000$1,330,000$1,330,000
64$1,469,363$1,398,873$1,378,258$1,521,017
65$1,577,280$1,425,459$1,382,471$1,584,647
66$1,694,882$1,452,027$1,385,504$1,649,339
67$1,823,116$1,478,532$1,387,275$1,718,484
68$1,963,024$1,504,931$1,387,698$1,792,505
69$2,115,752$1,531,172$1,386,686$1,871,870
70$2,282,562$1,557,203$1,384,143$1,957,096
71$2,464,844$1,582,965$1,379,972$2,048,751
72$2,664,126$1,608,399$1,374,069$2,147,466
73$2,882,092$1,633,436$1,366,326$2,253,932
74$3,120,598$1,658,006$1,356,630$2,368,917
75$3,381,683$1,682,033$1,344,862$2,493,266
76$3,667,597$1,705,435$1,330,897$2,627,911
77$3,980,816$1,728,125$1,314,605$2,773,882
78$4,324,064$1,750,009$1,295,850$2,932,316
79$4,700,347$1,770,987$1,274,489$3,104,465
80$5,112,969$1,790,952$1,250,372$3,291,715
81$5,565,575$1,809,792$1,223,342$3,495,592
82$6,062,176$1,827,383$1,193,235$3,717,782
83$6,607,190$1,843,598$1,159,881$3,960,144
84$7,205,486$1,858,297$1,123,100$4,224,732
85$7,862,426$1,871,334$1,082,704$4,513,810
86$8,583,916$1,882,551$1,038,497$4,829,876
87$9,376,463$1,891,784$990,275$5,175,690
88$10,247,235$1,898,854$937,821$5,554,293
89$11,204,128$1,903,573$880,914$5,969,042
90$12,255,842$1,905,741$819,318$6,423,641
91$13,411,961$1,905,146$752,788$6,922,177
92$14,683,044$1,901,561$681,069$7,469,157
93$16,080,724$1,894,747$603,895$8,069,554
94$17,617,818$1,884,450$520,985$8,728,855
95$19,308,446$1,870,398$432,049$9,453,112
96$21,168,167$1,852,308$336,782$10,249,001
97$23,214,123$1,829,873$234,867$11,123,885
98$25,465,201$1,802,774$125,972$12,085,887
99$27,942,210$1,770,669$9,751$13,143,965
100$30,668,081$1,733,197$0$14,308,001