Can I retire at age 64 with 1,410,000?

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$116,436$115,399$114,387$113,400$112,435$110,618
2 years$57,642$56,568$55,528$54,519$53,541$51,715
3 years$38,046$36,968$35,930$34,931$33,968$32,191
4 years$28,250$27,175$26,148$25,166$24,227$22,511
5 years$22,374$21,306$20,292$19,330$18,417$16,768
6 years$18,458$17,398$16,399$15,458$14,572$12,993
7 years$15,662$14,611$13,628$12,709$11,851$10,341
8 years$13,566$12,524$11,557$10,661$9,832$8,390
9 years$11,937$10,904$9,954$9,081$8,280$6,906
10 years$10,634$9,612$8,678$7,828$7,055$5,748
11 years$9,569$8,557$7,640$6,813$6,067$4,827
12 years$8,681$7,680$6,781$5,976$5,258$4,081
13 years$7,931$6,941$6,058$5,276$4,585$3,471
14 years$7,289$6,309$5,443$4,683$4,019$2,966
15 years$6,733$5,763$4,914$4,176$3,539$2,544
16 years$6,247$5,288$4,456$3,740$3,128$2,189
17 years$5,818$4,870$4,054$3,360$2,773$1,889
18 years$5,438$4,500$3,701$3,028$2,466$1,634
19 years$5,098$4,170$3,388$2,736$2,198$1,416
20 years$4,792$3,875$3,110$2,478$1,963$1,230
21 years$4,516$3,610$2,860$2,249$1,757$1,069
22 years$4,265$3,370$2,636$2,045$1,575$931
23 years$4,037$3,151$2,434$1,862$1,414$811
24 years$3,827$2,953$2,251$1,698$1,270$708
25 years$3,635$2,771$2,085$1,551$1,143$618
26 years$3,458$2,604$1,934$1,418$1,030$540
27 years$3,294$2,451$1,796$1,298$928$472
28 years$3,143$2,309$1,669$1,189$838$413
29 years$3,002$2,179$1,553$1,091$756$361
30 years$2,870$2,058$1,447$1,001$684$316
31 years$2,747$1,945$1,349$919$618$277
32 years$2,633$1,840$1,259$845$559$243
33 years$2,525$1,743$1,175$777$506$213
34 years$2,424$1,652$1,098$715$458$186
35 years$2,329$1,567$1,026$658$415$163
36 years$2,239$1,487$960$606$376$143
37 years$2,155$1,412$899$558$341$126
38 years$2,075$1,342$842$515$309$110
39 years$1,999$1,276$789$475$280$97
40 years$1,928$1,214$739$438$254$85
41 years$1,860$1,156$693$404$230$74
42 years$1,795$1,101$650$373$209$65
43 years$1,734$1,049$610$344$190$57
44 years$1,675$1,000$573$318$172$50
45 years$1,620$953$538$293$156$44
46 years$1,566$910$505$271$142$39
47 years$1,516$868$474$250$129$34
48 years$1,467$829$446$231$117$30
49 years$1,421$791$419$214$106$26
50 years$1,377$756$394$198$97$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,410,000, adding $3,666 every year, while hoping to spend $30,075 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: 43/39/18 Blend
63$1,410,000$1,410,000$1,410,000$1,410,000
64$1,557,601$1,482,871$1,461,016$1,616,275
65$1,684,477$1,523,533$1,477,961$1,698,652
66$1,823,286$1,565,178$1,494,465$1,784,605
67$1,975,214$1,607,825$1,510,482$1,877,096
68$2,141,566$1,651,488$1,525,964$1,976,741
69$2,323,780$1,696,185$1,540,858$2,084,218
70$2,523,439$1,741,931$1,555,109$2,200,273
71$2,742,285$1,788,741$1,568,661$2,325,729
72$2,982,240$1,836,631$1,581,453$2,461,489
73$3,245,417$1,885,615$1,593,421$2,608,551
74$3,534,147$1,935,708$1,604,498$2,768,012
75$3,850,995$1,986,923$1,614,613$2,941,080
76$4,198,787$2,039,272$1,623,693$3,129,085
77$4,580,636$2,092,769$1,631,659$3,333,494
78$4,999,971$2,147,425$1,638,430$3,555,921
79$5,460,569$2,203,250$1,643,919$3,798,144
80$5,966,593$2,260,255$1,648,036$4,062,123
81$6,522,626$2,318,448$1,650,685$4,350,015
82$7,133,718$2,377,837$1,651,768$4,664,200
83$7,805,435$2,438,428$1,651,179$5,007,296
84$8,543,905$2,500,226$1,648,809$5,382,190
85$9,355,881$2,563,235$1,644,543$5,792,063
86$10,248,805$2,627,458$1,638,259$6,240,418
87$11,230,874$2,692,894$1,629,831$6,731,118
88$12,311,120$2,759,543$1,619,127$7,268,416
89$13,499,493$2,827,400$1,606,007$7,857,001
90$14,806,959$2,896,460$1,590,326$8,502,039
91$16,245,598$2,966,715$1,571,931$9,209,224
92$17,828,720$3,038,155$1,550,662$9,984,828
93$19,570,992$3,110,768$1,526,352$10,835,765
94$21,488,574$3,184,535$1,498,825$11,769,655
95$23,599,271$3,259,440$1,467,898$12,794,892
96$25,922,703$3,335,460$1,433,380$13,920,729
97$28,480,490$3,412,568$1,395,068$15,157,362
98$31,296,451$3,490,735$1,352,754$16,516,028
99$34,396,835$3,569,927$1,306,217$18,009,110
100$37,810,564$3,650,106$1,255,228$19,650,256