Can I retire at age 64 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$132,952$131,768$130,613$129,485$128,384$126,153
2 years$65,818$64,592$63,404$62,252$61,135$58,895
3 years$43,443$42,212$41,027$39,886$38,787$36,607
4 years$32,257$31,030$29,857$28,735$27,663$25,560
5 years$25,548$24,328$23,170$22,072$21,029$19,009
6 years$21,076$19,866$18,725$17,651$16,639$14,705
7 years$17,884$16,683$15,561$14,512$13,532$11,684
8 years$15,490$14,300$13,197$12,173$11,226$9,464
9 years$13,630$12,451$11,366$10,369$9,454$7,776
10 years$12,142$10,975$9,909$8,938$8,055$6,461
11 years$10,926$9,770$8,724$7,779$6,928$5,414
12 years$9,913$8,769$7,742$6,823$6,004$4,569
13 years$9,056$7,925$6,917$6,024$5,235$3,878
14 years$8,323$7,204$6,215$5,347$4,589$3,307
15 years$7,688$6,581$5,611$4,769$4,041$2,831
16 years$7,133$6,038$5,088$4,270$3,571$2,431
17 years$6,644$5,560$4,630$3,837$3,166$2,093
18 years$6,209$5,138$4,226$3,458$2,815$1,807
19 years$5,821$4,762$3,869$3,124$2,509$1,563
20 years$5,472$4,425$3,551$2,830$2,242$1,354
21 years$5,157$4,122$3,266$2,568$2,006$1,174
22 years$4,870$3,847$3,010$2,335$1,798$1,020
23 years$4,609$3,598$2,779$2,126$1,614$887
24 years$4,370$3,372$2,570$1,939$1,451$772
25 years$4,151$3,164$2,381$1,771$1,305$672
26 years$3,949$2,974$2,208$1,619$1,176$586
27 years$3,762$2,799$2,050$1,482$1,060$511
28 years$3,588$2,637$1,906$1,358$957$446
29 years$3,427$2,488$1,774$1,245$864$389
30 years$3,277$2,349$1,652$1,143$780$340
31 years$3,137$2,221$1,540$1,050$706$297
32 years$3,006$2,102$1,437$965$638$259
33 years$2,883$1,990$1,342$887$578$227
34 years$2,768$1,886$1,254$816$523$198
35 years$2,659$1,789$1,172$751$474$173
36 years$2,557$1,698$1,096$692$429$152
37 years$2,461$1,613$1,026$638$389$133
38 years$2,369$1,533$961$588$353$116
39 years$2,283$1,457$900$542$320$102
40 years$2,201$1,387$844$500$290$89
41 years$2,123$1,320$791$461$263$78
42 years$2,050$1,257$742$426$239$68
43 years$1,980$1,198$697$393$217$60
44 years$1,913$1,142$654$363$197$52
45 years$1,849$1,089$614$335$179$46
46 years$1,789$1,039$577$309$162$40
47 years$1,731$991$542$286$147$35
48 years$1,675$946$509$264$134$31
49 years$1,623$904$479$244$121$27
50 years$1,572$863$450$226$110$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,610,000, adding $4,763 every year, while hoping to spend $35,478 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: 54/27/19 Blend
63$1,610,000$1,610,000$1,610,000$1,610,000
64$1,779,133$1,693,803$1,668,848$1,865,799
65$1,922,856$1,739,051$1,687,006$1,970,893
66$2,080,050$1,785,327$1,704,583$2,081,083
67$2,252,051$1,832,644$1,721,523$2,200,257
68$2,440,332$1,881,015$1,737,765$2,329,282
69$2,646,511$1,930,450$1,753,246$2,469,115
70$2,872,375$1,980,962$1,767,900$2,620,806
71$3,119,889$2,032,561$1,781,655$2,785,516
72$3,391,216$2,085,255$1,794,440$2,964,519
73$3,688,742$2,139,054$1,806,175$3,159,223
74$4,015,092$2,193,966$1,816,780$3,371,176
75$4,373,157$2,249,996$1,826,168$3,602,084
76$4,766,123$2,307,150$1,834,249$3,853,826
77$5,197,499$2,365,432$1,840,928$4,128,473
78$5,671,151$2,424,845$1,846,105$4,428,306
79$6,191,335$2,485,389$1,849,677$4,755,840
80$6,762,743$2,547,065$1,851,533$5,113,843
81$7,390,541$2,609,869$1,851,557$5,505,367
82$8,080,421$2,673,797$1,849,629$5,933,775
83$8,838,654$2,738,844$1,845,622$6,402,771
84$9,672,149$2,805,000$1,839,403$6,916,439
85$10,588,517$2,872,254$1,830,832$7,479,276
86$11,596,144$2,940,592$1,819,763$8,096,242
87$12,704,268$3,009,998$1,806,042$8,772,798
88$13,923,068$3,080,453$1,789,509$9,514,965
89$15,263,759$3,151,933$1,769,995$10,329,379
90$16,738,697$3,224,413$1,747,325$11,223,349
91$18,361,498$3,297,862$1,721,314$12,204,933
92$20,147,160$3,372,247$1,691,768$13,283,010
93$22,112,213$3,447,530$1,658,485$14,467,366
94$24,274,868$3,523,668$1,621,253$15,768,784
95$26,655,191$3,600,614$1,579,851$17,199,148
96$29,275,292$3,678,315$1,534,047$18,771,556
97$32,159,533$3,756,714$1,483,599$20,500,441
98$35,334,758$3,835,746$1,428,253$22,401,710
99$38,830,548$3,915,342$1,367,744$24,492,893
100$42,679,495$3,995,425$1,301,795$26,793,312