Can I retire at age 64 with 1,600,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$132,127$130,950$129,801$128,681$127,586$126,676
2 years$65,409$64,191$63,010$61,866$60,755$59,838
3 years$43,173$41,950$40,772$39,638$38,546$37,649
4 years$32,057$30,837$29,671$28,557$27,491$26,622
5 years$25,389$24,177$23,026$21,934$20,898$20,059
6 years$20,945$19,742$18,609$17,541$16,536$15,728
7 years$17,773$16,579$15,464$14,422$13,448$12,672
8 years$15,394$14,212$13,115$12,098$11,157$10,412
9 years$13,545$12,374$11,296$10,305$9,396$8,683
10 years$12,067$10,907$9,848$8,883$8,005$7,324
11 years$10,858$9,710$8,670$7,731$6,885$6,234
12 years$9,851$8,715$7,694$6,781$5,966$5,346
13 years$9,000$7,876$6,874$5,986$5,203$4,611
14 years$8,271$7,159$6,177$5,314$4,561$3,998
15 years$7,640$6,540$5,577$4,739$4,016$3,481
16 years$7,089$6,000$5,056$4,243$3,549$3,042
17 years$6,602$5,526$4,601$3,813$3,147$2,666
18 years$6,171$5,106$4,200$3,436$2,798$2,342
19 years$5,785$4,732$3,845$3,105$2,494$2,063
20 years$5,438$4,398$3,529$2,812$2,228$1,820
21 years$5,124$4,096$3,246$2,552$1,993$1,609
22 years$4,840$3,824$2,991$2,320$1,787$1,424
23 years$4,581$3,576$2,762$2,113$1,604$1,262
24 years$4,343$3,351$2,554$1,927$1,442$1,120
25 years$4,125$3,144$2,366$1,760$1,297$995
26 years$3,924$2,955$2,194$1,609$1,169$884
27 years$3,738$2,781$2,038$1,473$1,054$787
28 years$3,566$2,621$1,894$1,350$951$701
29 years$3,406$2,472$1,763$1,238$858$624
30 years$3,257$2,335$1,642$1,136$776$556
31 years$3,118$2,207$1,531$1,043$701$496
32 years$2,987$2,088$1,428$959$634$443
33 years$2,865$1,978$1,333$882$574$395
34 years$2,751$1,875$1,246$811$520$353
35 years$2,643$1,778$1,165$747$471$315
36 years$2,541$1,688$1,090$688$427$281
37 years$2,445$1,603$1,020$634$387$251
38 years$2,355$1,523$955$584$350$225
39 years$2,269$1,448$895$539$318$201
40 years$2,187$1,378$839$497$288$179
41 years$2,110$1,312$786$458$262$160
42 years$2,037$1,249$738$423$237$143
43 years$1,967$1,190$692$390$215$128
44 years$1,901$1,135$650$361$195$115
45 years$1,838$1,082$610$333$177$103
46 years$1,778$1,032$573$308$161$92
47 years$1,720$985$538$284$146$82
48 years$1,665$940$506$263$133$74
49 years$1,612$898$476$243$121$66
50 years$1,562$858$447$224$110$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,600,000, adding $2,885 every year, while hoping to spend $57,321 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: 50/38/12 Blend
63$1,600,000$1,600,000$1,600,000$1,600,000
64$1,766,176$1,681,376$1,656,576$1,848,622
65$1,885,337$1,702,774$1,651,082$1,926,839
66$2,014,731$1,723,300$1,643,483$2,005,516
67$2,155,341$1,742,850$1,633,648$2,089,711
68$2,308,250$1,761,313$1,621,439$2,179,961
69$2,474,647$1,778,573$1,606,713$2,276,854
70$2,655,842$1,794,504$1,589,318$2,381,046
71$2,853,275$1,808,972$1,569,097$2,493,256
72$3,068,532$1,821,834$1,545,885$2,614,282
73$3,303,358$1,832,940$1,519,509$2,745,003
74$3,559,675$1,842,128$1,489,786$2,886,391
75$3,839,596$1,849,227$1,456,528$3,039,519
76$4,145,449$1,854,054$1,419,536$3,205,574
77$4,479,797$1,856,414$1,378,603$3,385,863
78$4,845,462$1,856,104$1,333,511$3,581,833
79$5,245,549$1,852,902$1,284,034$3,795,080
80$5,683,478$1,846,579$1,229,933$4,027,368
81$6,163,018$1,836,886$1,170,960$4,280,642
82$6,688,315$1,823,563$1,106,857$4,557,052
83$7,263,938$1,806,332$1,037,351$4,858,971
84$7,894,917$1,784,899$962,159$5,189,019
85$8,586,792$1,758,953$880,985$5,550,087
86$9,345,666$1,728,163$793,520$5,945,369
87$10,178,261$1,692,180$699,440$6,378,388
88$11,091,979$1,650,632$598,407$6,853,035
89$12,094,976$1,603,128$490,068$7,373,603
90$13,196,235$1,549,253$374,057$7,944,831
91$14,405,650$1,488,565$249,987$8,571,948
92$15,734,123$1,420,602$117,458$9,260,725
93$17,193,662$1,344,869$0$10,017,532
94$18,797,495$1,260,848$0$10,852,466
95$20,560,197$1,167,987$0$11,786,461
96$22,497,823$1,065,704$0$12,813,075
97$24,628,063$953,385$0$13,941,812
98$26,970,404$830,380$0$15,183,148
99$29,546,317$696,001$0$16,548,641
100$32,379,459$549,522$0$18,051,035