Can I retire at age 64 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$123,043$121,947$120,878$119,834$118,815$116,178
2 years$60,912$59,778$58,678$57,612$56,578$53,936
3 years$40,205$39,065$37,969$36,913$35,896$33,330
4 years$29,853$28,717$27,632$26,594$25,601$23,132
5 years$23,644$22,515$21,443$20,426$19,462$17,095
6 years$19,505$18,385$17,329$16,335$15,399$13,139
7 years$16,551$15,440$14,401$13,430$12,524$10,369
8 years$14,336$13,235$12,213$11,266$10,390$8,340
9 years$12,614$11,523$10,519$9,596$8,750$6,804
10 years$11,237$10,157$9,171$8,272$7,455$5,611
11 years$10,111$9,042$8,074$7,199$6,412$4,667
12 years$9,174$8,116$7,165$6,315$5,556$3,908
13 years$8,381$7,334$6,402$5,575$4,845$3,291
14 years$7,703$6,667$5,752$4,949$4,247$2,783
15 years$7,115$6,090$5,193$4,413$3,740$2,363
16 years$6,601$5,588$4,708$3,952$3,305$2,012
17 years$6,148$5,146$4,284$3,551$2,930$1,718
18 years$5,746$4,755$3,911$3,200$2,606$1,470
19 years$5,387$4,407$3,580$2,891$2,322$1,260
20 years$5,064$4,095$3,286$2,619$2,074$1,081
21 years$4,772$3,815$3,022$2,377$1,856$930
22 years$4,507$3,561$2,786$2,161$1,664$800
23 years$4,266$3,330$2,572$1,968$1,494$689
24 years$4,045$3,120$2,379$1,795$1,343$594
25 years$3,841$2,928$2,203$1,639$1,208$513
26 years$3,654$2,752$2,043$1,499$1,088$442
27 years$3,481$2,590$1,897$1,372$981$382
28 years$3,321$2,441$1,764$1,257$885$330
29 years$3,172$2,302$1,641$1,153$799$285
30 years$3,033$2,174$1,529$1,058$722$247
31 years$2,903$2,055$1,425$972$653$214
32 years$2,782$1,945$1,330$893$591$185
33 years$2,668$1,842$1,242$821$535$160
34 years$2,562$1,746$1,160$755$484$138
35 years$2,461$1,656$1,085$695$438$120
36 years$2,366$1,572$1,015$640$397$104
37 years$2,277$1,493$950$590$360$90
38 years$2,193$1,418$889$544$326$78
39 years$2,113$1,349$833$502$296$67
40 years$2,037$1,283$781$463$268$58
41 years$1,965$1,222$732$427$244$51
42 years$1,897$1,163$687$394$221$44
43 years$1,832$1,108$645$364$201$38
44 years$1,770$1,057$605$336$182$33
45 years$1,711$1,008$568$310$165$28
46 years$1,655$961$534$286$150$25
47 years$1,602$917$501$265$136$21
48 years$1,551$876$471$244$124$19
49 years$1,502$836$443$226$112$16
50 years$1,455$799$416$209$102$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,490,000, adding $4,780 every year, while hoping to spend $21,469 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: 52/23/25 Blend
63$1,490,000$1,490,000$1,490,000$1,490,000
64$1,646,911$1,567,941$1,544,846$1,720,834
65$1,792,053$1,621,927$1,573,755$1,826,519
66$1,951,280$1,677,839$1,602,913$1,938,839
67$2,126,005$1,735,748$1,632,306$2,060,584
68$2,317,788$1,795,730$1,661,918$2,192,661
69$2,528,342$1,857,861$1,691,733$2,336,068
70$2,759,559$1,922,221$1,721,731$2,491,903
71$3,013,519$1,988,895$1,751,895$2,661,373
72$3,292,516$2,057,970$1,782,202$2,845,809
73$3,599,078$2,129,535$1,812,630$3,046,674
74$3,935,986$2,203,684$1,843,155$3,265,580
75$4,306,307$2,280,516$1,873,752$3,504,301
76$4,713,421$2,360,131$1,904,393$3,764,790
77$5,161,047$2,442,635$1,935,048$4,049,198
78$5,653,288$2,528,138$1,965,686$4,359,893
79$6,194,660$2,616,754$1,996,273$4,699,483
80$6,790,142$2,708,601$2,026,774$5,070,839
81$7,445,217$2,803,803$2,057,152$5,477,124
82$8,165,928$2,902,488$2,087,365$5,921,822
83$8,958,932$3,004,789$2,117,371$6,408,769
84$9,831,565$3,110,846$2,147,125$6,942,190
85$10,791,909$3,220,802$2,176,579$7,526,739
86$11,848,871$3,334,809$2,205,681$8,167,543
87$13,012,262$3,453,021$2,234,378$8,870,249
88$14,292,896$3,575,602$2,262,613$9,641,078
89$15,702,686$3,702,721$2,290,325$10,486,881
90$17,254,760$3,834,555$2,317,451$11,415,208
91$18,963,584$3,971,286$2,343,923$12,434,374
92$20,845,095$4,113,105$2,369,671$13,553,542
93$22,916,859$4,260,211$2,394,618$14,782,804
94$25,198,227$4,412,810$2,418,687$16,133,280
95$27,710,526$4,571,118$2,441,793$17,617,222
96$30,477,256$4,735,358$2,463,849$19,248,126
97$33,524,310$4,905,764$2,484,762$21,040,864
98$36,880,222$5,082,579$2,504,434$23,011,820
99$40,576,435$5,266,056$2,522,762$25,179,046
100$44,647,596$5,456,457$2,539,640$27,562,433