Can I retire at age 64 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$113,133$112,126$111,142$110,183$109,246$108,330
2 years$56,007$54,964$53,953$52,972$52,022$51,099
3 years$36,967$35,919$34,911$33,940$33,005$32,104
4 years$27,449$26,404$25,406$24,452$23,539$22,666
5 years$21,740$20,701$19,716$18,781$17,894$17,052
6 years$17,935$16,904$15,934$15,020$14,159$13,349
7 years$15,218$14,196$13,241$12,348$11,515$10,737
8 years$13,181$12,169$11,229$10,359$9,553$8,808
9 years$11,598$10,595$9,672$8,823$8,045$7,332
10 years$10,332$9,339$8,432$7,606$6,855$6,173
11 years$9,297$8,314$7,424$6,619$5,895$5,245
12 years$8,435$7,462$6,588$5,806$5,109$4,489
13 years$7,706$6,744$5,886$5,126$4,455$3,865
14 years$7,082$6,130$5,289$4,550$3,905$3,344
15 years$6,542$5,600$4,775$4,058$3,438$2,906
16 years$6,070$5,138$4,329$3,633$3,039$2,534
17 years$5,653$4,732$3,939$3,265$2,694$2,216
18 years$5,284$4,372$3,596$2,942$2,396$1,943
19 years$4,953$4,052$3,292$2,658$2,135$1,708
20 years$4,656$3,765$3,021$2,408$1,907$1,503
21 years$4,388$3,507$2,779$2,185$1,707$1,326
22 years$4,144$3,274$2,561$1,987$1,530$1,171
23 years$3,922$3,062$2,365$1,809$1,373$1,036
24 years$3,719$2,869$2,187$1,650$1,234$917
25 years$3,532$2,692$2,026$1,507$1,111$812
26 years$3,360$2,530$1,879$1,378$1,001$721
27 years$3,201$2,381$1,745$1,261$902$640
28 years$3,053$2,244$1,622$1,156$814$568
29 years$2,916$2,117$1,509$1,060$735$505
30 years$2,789$1,999$1,406$973$664$449
31 years$2,670$1,890$1,311$893$600$399
32 years$2,558$1,788$1,223$821$543$355
33 years$2,453$1,693$1,142$755$492$316
34 years$2,355$1,605$1,067$695$445$282
35 years$2,263$1,522$997$639$403$251
36 years$2,176$1,445$933$589$365$224
37 years$2,094$1,372$873$543$331$199
38 years$2,016$1,304$818$500$300$178
39 years$1,943$1,240$766$461$272$158
40 years$1,873$1,180$718$425$247$141
41 years$1,807$1,123$673$392$224$126
42 years$1,744$1,070$632$362$203$112
43 years$1,685$1,019$593$334$184$100
44 years$1,628$972$556$309$167$89
45 years$1,574$926$522$285$152$80
46 years$1,522$884$491$263$138$71
47 years$1,473$843$461$243$125$64
48 years$1,426$805$433$225$114$57
49 years$1,381$769$407$208$103$51
50 years$1,338$734$383$192$94$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,370,000, adding $6,253 every year, while hoping to spend $39,837 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: 57/17/26 Blend
63$1,370,000$1,370,000$1,370,000$1,370,000
64$1,516,190$1,443,580$1,422,345$1,591,527
65$1,628,455$1,471,929$1,427,607$1,672,186
66$1,750,836$1,500,332$1,431,711$1,755,326
67$1,884,323$1,528,750$1,434,574$1,845,115
68$2,030,004$1,557,139$1,436,113$1,942,207
69$2,189,080$1,585,455$1,436,239$2,047,322
70$2,362,870$1,613,646$1,434,856$2,161,256
71$2,552,828$1,641,659$1,431,869$2,284,886
72$2,760,553$1,669,437$1,427,173$2,419,179
73$2,987,807$1,696,917$1,420,661$2,565,202
74$3,236,529$1,724,032$1,412,219$2,724,130
75$3,508,857$1,750,711$1,401,730$2,897,262
76$3,807,141$1,776,877$1,389,069$3,086,027
77$4,133,972$1,802,446$1,374,105$3,292,003
78$4,492,203$1,827,332$1,356,703$3,516,929
79$4,884,975$1,851,439$1,336,720$3,762,724
80$5,315,748$1,874,665$1,314,007$4,031,504
81$5,788,335$1,896,904$1,288,406$4,325,601
82$6,306,932$1,918,040$1,259,755$4,647,588
83$6,876,164$1,937,949$1,227,882$5,000,301
84$7,501,125$1,956,500$1,192,608$5,386,869
85$8,187,424$1,973,553$1,153,745$5,810,741
86$8,941,244$1,988,959$1,111,097$6,275,719
87$9,769,392$2,002,560$1,064,460$6,785,998
88$10,679,370$2,014,185$1,013,620$7,346,202
89$11,679,441$2,023,655$958,351$7,961,429
90$12,778,708$2,030,778$898,420$8,637,300
91$13,987,201$2,035,352$833,582$9,380,014
92$15,315,971$2,037,159$763,582$10,196,405
93$16,777,190$2,035,970$688,152$11,094,006
94$18,384,272$2,031,541$607,014$12,081,125
95$20,151,994$2,023,612$519,875$13,166,920
96$22,096,638$2,011,910$426,432$14,361,487
97$24,236,144$1,996,143$326,366$15,675,958
98$26,590,277$1,976,001$219,346$17,122,605
99$29,180,817$1,951,156$105,025$18,714,956
100$32,031,759$1,921,261$0$20,467,926