Can I retire at age 64 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$118,914$117,855$116,821$115,813$114,828$113,913
2 years$58,868$57,772$56,709$55,679$54,680$53,758
3 years$38,856$37,755$36,695$35,674$34,691$33,790
4 years$28,851$27,754$26,704$25,701$24,742$23,869
5 years$22,850$21,759$20,724$19,741$18,808$17,967
6 years$18,851$17,768$16,748$15,787$14,883$14,073
7 years$15,995$14,922$13,917$12,979$12,103$11,326
8 years$13,855$12,791$11,803$10,888$10,041$9,295
9 years$12,191$11,136$10,166$9,274$8,456$7,742
10 years$10,860$9,816$8,863$7,994$7,205$6,523
11 years$9,772$8,739$7,803$6,958$6,196$5,545
12 years$8,866$7,843$6,925$6,103$5,370$4,749
13 years$8,100$7,088$6,187$5,388$4,683$4,092
14 years$7,444$6,443$5,559$4,783$4,105$3,543
15 years$6,876$5,886$5,019$4,265$3,614$3,080
16 years$6,380$5,400$4,550$3,819$3,194$2,688
17 years$5,942$4,973$4,141$3,431$2,832$2,352
18 years$5,554$4,596$3,780$3,092$2,518$2,064
19 years$5,206$4,259$3,460$2,794$2,245$1,815
20 years$4,894$3,958$3,176$2,531$2,005$1,599
21 years$4,612$3,687$2,921$2,297$1,794$1,412
22 years$4,356$3,441$2,692$2,088$1,608$1,248
23 years$4,123$3,218$2,486$1,902$1,444$1,104
24 years$3,909$3,016$2,299$1,735$1,298$978
25 years$3,713$2,830$2,129$1,584$1,168$868
26 years$3,532$2,660$1,975$1,448$1,052$770
27 years$3,364$2,503$1,834$1,326$948$684
28 years$3,209$2,359$1,705$1,215$856$608
29 years$3,065$2,225$1,586$1,114$773$541
30 years$2,931$2,101$1,478$1,022$698$481
31 years$2,806$1,986$1,378$939$631$428
32 years$2,689$1,880$1,285$863$571$382
33 years$2,579$1,780$1,200$794$517$340
34 years$2,476$1,687$1,121$730$468$303
35 years$2,379$1,600$1,048$672$424$270
36 years$2,287$1,519$981$619$384$241
37 years$2,201$1,442$918$570$348$215
38 years$2,119$1,371$860$526$315$192
39 years$2,042$1,304$805$485$286$171
40 years$1,969$1,240$755$447$259$153
41 years$1,899$1,181$708$412$235$136
42 years$1,833$1,124$664$381$214$122
43 years$1,771$1,071$623$351$194$109
44 years$1,711$1,021$585$324$176$97
45 years$1,654$974$549$300$160$87
46 years$1,600$929$516$277$145$77
47 years$1,548$886$485$256$132$69
48 years$1,499$846$455$236$120$62
49 years$1,451$808$428$218$109$55
50 years$1,406$772$402$202$99$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,440,000, adding $5,570 every year, while hoping to spend $45,672 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: 50/21/29 Blend
63$1,440,000$1,440,000$1,440,000$1,440,000
64$1,592,625$1,516,305$1,493,985$1,658,925
65$1,706,479$1,542,010$1,495,439$1,731,615
66$1,830,414$1,567,443$1,495,411$1,805,606
67$1,965,412$1,592,543$1,493,803$1,885,150
68$2,112,551$1,617,245$1,490,512$1,970,794
69$2,273,018$1,641,477$1,485,432$2,063,146
70$2,448,120$1,665,163$1,478,448$2,162,875
71$2,639,295$1,688,223$1,469,442$2,270,720
72$2,848,126$1,710,569$1,458,291$2,387,497
73$3,076,355$1,732,107$1,444,865$2,514,108
74$3,325,903$1,752,740$1,429,027$2,651,546
75$3,598,880$1,772,359$1,410,635$2,800,910
76$3,897,614$1,790,853$1,389,539$2,963,412
77$4,224,666$1,808,100$1,365,584$3,140,390
78$4,582,856$1,823,971$1,338,605$3,333,320
79$4,975,291$1,838,329$1,308,432$3,543,834
80$5,405,391$1,851,028$1,274,885$3,773,730
81$5,876,924$1,861,911$1,237,776$4,024,993
82$6,394,038$1,870,813$1,196,910$4,299,815
83$6,961,306$1,877,558$1,152,082$4,600,613
84$7,583,759$1,881,958$1,103,077$4,930,056
85$8,266,943$1,883,815$1,049,671$5,291,089
86$9,016,965$1,882,916$991,629$5,686,960
87$9,840,554$1,879,038$928,707$6,121,252
88$10,745,121$1,871,940$860,648$6,597,922
89$11,738,829$1,861,371$787,186$7,121,331
90$12,830,673$1,847,062$708,041$7,696,293
91$14,030,562$1,828,728$622,920$8,328,117
92$15,349,411$1,806,068$531,519$9,022,660
93$16,799,246$1,778,760$433,520$9,786,383
94$18,393,316$1,746,466$328,590$10,626,411
95$20,146,219$1,708,828$216,383$11,550,606
96$22,074,036$1,665,463$96,535$12,567,636
97$24,194,487$1,615,971$0$13,687,063
98$26,527,095$1,559,923$0$14,929,136
99$29,093,369$1,496,870$0$16,328,289
100$31,917,009$1,426,333$0$17,867,571