Can I retire at age 64 with 1,430,000?

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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$118,088$117,036$116,010$115,008$114,030$112,465
2 years$58,459$57,371$56,316$55,292$54,300$52,726
3 years$38,586$37,492$36,440$35,426$34,450$32,917
4 years$28,651$27,561$26,519$25,523$24,570$23,088
5 years$22,692$21,608$20,580$19,604$18,678$17,252
6 years$18,720$17,645$16,631$15,677$14,779$13,411
7 years$15,884$14,818$13,821$12,889$12,019$10,710
8 years$13,758$12,702$11,721$10,812$9,971$8,720
9 years$12,106$11,059$10,095$9,210$8,397$7,203
10 years$10,785$9,748$8,801$7,939$7,155$6,017
11 years$9,704$8,678$7,749$6,909$6,153$5,072
12 years$8,805$7,789$6,877$6,060$5,332$4,305
13 years$8,044$7,039$6,144$5,350$4,650$3,675
14 years$7,393$6,398$5,520$4,749$4,076$3,153
15 years$6,828$5,845$4,984$4,236$3,589$2,716
16 years$6,335$5,363$4,519$3,793$3,172$2,347
17 years$5,901$4,939$4,112$3,408$2,812$2,034
18 years$5,515$4,564$3,754$3,071$2,501$1,767
19 years$5,170$4,230$3,436$2,775$2,229$1,538
20 years$4,860$3,930$3,154$2,513$1,991$1,341
21 years$4,580$3,661$2,901$2,281$1,782$1,172
22 years$4,326$3,417$2,674$2,074$1,597$1,025
23 years$4,094$3,196$2,469$1,889$1,434$897
24 years$3,882$2,995$2,283$1,723$1,289$786
25 years$3,687$2,810$2,114$1,573$1,159$690
26 years$3,507$2,641$1,961$1,438$1,044$606
27 years$3,341$2,486$1,821$1,317$942$532
28 years$3,187$2,342$1,693$1,206$850$468
29 years$3,044$2,210$1,575$1,106$767$411
30 years$2,911$2,087$1,467$1,015$693$362
31 years$2,786$1,973$1,368$932$627$318
32 years$2,670$1,867$1,276$857$567$280
33 years$2,561$1,768$1,192$788$513$247
34 years$2,458$1,675$1,114$725$465$217
35 years$2,362$1,589$1,041$667$421$192
36 years$2,271$1,508$974$615$381$169
37 years$2,185$1,432$912$566$346$149
38 years$2,104$1,361$854$522$313$131
39 years$2,028$1,295$800$481$284$116
40 years$1,955$1,232$750$444$258$102
41 years$1,886$1,172$703$410$234$90
42 years$1,821$1,117$659$378$212$79
43 years$1,758$1,064$619$349$192$70
44 years$1,699$1,014$581$322$175$62
45 years$1,643$967$545$298$159$54
46 years$1,589$922$512$275$144$48
47 years$1,537$880$481$254$131$42
48 years$1,488$840$452$235$119$37
49 years$1,441$803$425$217$108$33
50 years$1,396$767$400$200$98$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,430,000, adding $3,051 every year, while hoping to spend $32,134 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: 53/18/29 Blend
63$1,430,000$1,430,000$1,430,000$1,430,000
64$1,579,007$1,503,217$1,481,052$1,649,737
65$1,705,876$1,542,684$1,496,477$1,738,622
66$1,844,607$1,583,009$1,511,342$1,831,797
67$1,996,379$1,624,198$1,525,593$1,932,570
68$2,162,486$1,666,259$1,539,177$2,041,683
69$2,344,353$1,709,200$1,552,033$2,159,951
70$2,543,552$1,753,025$1,564,101$2,288,276
71$2,761,811$1,797,740$1,575,315$2,427,648
72$3,001,035$1,843,349$1,585,608$2,579,160
73$3,263,322$1,889,855$1,594,907$2,744,017
74$3,550,983$1,937,259$1,603,138$2,923,546
75$3,866,560$1,985,562$1,610,220$3,119,209
76$4,212,858$2,034,764$1,616,071$3,332,618
77$4,592,964$2,084,861$1,620,604$3,565,550
78$5,010,278$2,135,851$1,623,726$3,819,964
79$5,468,546$2,187,727$1,625,340$4,098,016
80$5,971,894$2,240,483$1,625,346$4,402,085
81$6,524,870$2,294,109$1,623,637$4,734,794
82$7,132,479$2,348,593$1,620,102$5,099,031
83$7,800,241$2,403,923$1,614,624$5,497,982
84$8,534,232$2,460,081$1,607,080$5,935,156
85$9,341,148$2,517,050$1,597,342$6,414,423
86$10,228,367$2,574,807$1,585,275$6,940,047
87$11,204,017$2,633,329$1,570,738$7,516,728
88$12,277,052$2,692,588$1,553,584$8,149,647
89$13,457,340$2,752,553$1,533,656$8,844,515
90$14,755,749$2,813,189$1,510,795$9,607,626
91$16,184,257$2,874,457$1,484,828$10,445,917
92$17,756,062$2,936,315$1,455,580$11,367,034
93$19,485,702$2,998,716$1,422,864$12,379,405
94$21,389,198$3,061,609$1,386,485$13,492,320
95$23,484,204$3,124,935$1,346,240$14,716,016
96$25,790,170$3,188,634$1,301,916$16,061,780
97$28,328,528$3,252,637$1,253,290$17,542,049
98$31,122,892$3,316,871$1,200,130$19,170,532
99$34,199,285$3,381,255$1,142,192$20,962,339
100$37,586,378$3,445,703$1,079,221$22,934,125