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%13.6%
1 years$132,952$131,768$130,613$129,485$128,384$126,465
2 years$65,818$64,592$63,404$62,252$61,135$59,207
3 years$43,443$42,212$41,027$39,886$38,787$36,908
4 years$32,257$31,030$29,857$28,735$27,663$25,849
5 years$25,548$24,328$23,170$22,072$21,029$19,284
6 years$21,076$19,866$18,725$17,651$16,639$14,967
7 years$17,884$16,683$15,561$14,512$13,532$11,932
8 years$15,490$14,300$13,197$12,173$11,226$9,698
9 years$13,630$12,451$11,366$10,369$9,454$7,997
10 years$12,142$10,975$9,909$8,938$8,055$6,669
11 years$10,926$9,770$8,724$7,779$6,928$5,610
12 years$9,913$8,769$7,742$6,823$6,004$4,753
13 years$9,056$7,925$6,917$6,024$5,235$4,050
14 years$8,323$7,204$6,215$5,347$4,589$3,467
15 years$7,688$6,581$5,611$4,769$4,041$2,980
16 years$7,133$6,038$5,088$4,270$3,571$2,570
17 years$6,644$5,560$4,630$3,837$3,166$2,223
18 years$6,209$5,138$4,226$3,458$2,815$1,927
19 years$5,821$4,762$3,869$3,124$2,509$1,674
20 years$5,472$4,425$3,551$2,830$2,242$1,456
21 years$5,157$4,122$3,266$2,568$2,006$1,269
22 years$4,870$3,847$3,010$2,335$1,798$1,107
23 years$4,609$3,598$2,779$2,126$1,614$967
24 years$4,370$3,372$2,570$1,939$1,451$846
25 years$4,151$3,164$2,381$1,771$1,305$740
26 years$3,949$2,974$2,208$1,619$1,176$648
27 years$3,762$2,799$2,050$1,482$1,060$568
28 years$3,588$2,637$1,906$1,358$957$498
29 years$3,427$2,488$1,774$1,245$864$437
30 years$3,277$2,349$1,652$1,143$780$383
31 years$3,137$2,221$1,540$1,050$706$337
32 years$3,006$2,102$1,437$965$638$296
33 years$2,883$1,990$1,342$887$578$260
34 years$2,768$1,886$1,254$816$523$228
35 years$2,659$1,789$1,172$751$474$201
36 years$2,557$1,698$1,096$692$429$176
37 years$2,461$1,613$1,026$638$389$155
38 years$2,369$1,533$961$588$353$136
39 years$2,283$1,457$900$542$320$120
40 years$2,201$1,387$844$500$290$105
41 years$2,123$1,320$791$461$263$93
42 years$2,050$1,257$742$426$239$82
43 years$1,980$1,198$697$393$217$72
44 years$1,913$1,142$654$363$197$63
45 years$1,849$1,089$614$335$179$56
46 years$1,789$1,039$577$309$162$49
47 years$1,731$991$542$286$147$43
48 years$1,675$946$509$264$134$38
49 years$1,623$904$479$244$121$33
50 years$1,572$863$450$226$110$29

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 $2,161 every year, while hoping to spend $32,014 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: 28/49/23 Blend
63$1,610,000$1,610,000$1,610,000$1,610,000
64$1,776,449$1,691,119$1,666,164$1,813,314
65$1,923,584$1,739,921$1,687,918$1,891,158
66$2,084,654$1,790,042$1,709,328$1,971,774
67$2,261,047$1,841,511$1,730,348$2,057,721
68$2,454,289$1,894,361$1,750,930$2,149,474
69$2,666,065$1,948,624$1,771,025$2,247,559
70$2,898,227$2,004,330$1,790,578$2,352,549
71$3,152,817$2,061,513$1,809,533$2,465,080
72$3,432,083$2,120,205$1,827,831$2,585,846
73$3,738,501$2,180,440$1,845,408$2,715,614
74$4,074,798$2,242,252$1,862,199$2,855,228
75$4,443,979$2,305,674$1,878,135$3,005,615
76$4,849,353$2,370,740$1,893,141$3,167,798
77$5,294,566$2,437,486$1,907,140$3,342,899
78$5,783,635$2,505,945$1,920,052$3,532,158
79$6,320,982$2,576,153$1,931,790$3,736,936
80$6,911,483$2,648,145$1,942,265$3,958,736
81$7,560,506$2,721,956$1,951,383$4,199,208
82$8,273,967$2,797,621$1,959,044$4,460,174
83$9,058,383$2,875,176$1,965,143$4,743,637
84$9,920,934$2,954,656$1,969,572$5,051,805
85$10,869,532$3,036,097$1,972,215$5,387,110
86$11,912,891$3,119,533$1,972,951$5,752,231
87$13,060,615$3,204,999$1,971,654$6,150,119
88$14,323,284$3,292,530$1,968,191$6,584,025
89$15,712,556$3,382,160$1,962,422$7,057,530
90$17,241,274$3,473,924$1,954,201$7,574,581
91$18,923,592$3,567,855$1,943,375$8,139,525
92$20,775,104$3,663,984$1,929,783$8,757,153
93$22,812,990$3,762,346$1,913,256$9,432,743
94$25,056,184$3,862,970$1,893,619$10,172,111
95$27,525,546$3,965,887$1,870,687$10,981,666
96$30,244,063$4,071,126$1,844,266$11,868,469
97$33,237,062$4,178,716$1,814,154$12,840,302
98$36,532,452$4,288,683$1,780,138$13,905,740
99$40,160,986$4,401,052$1,741,996$15,074,233
100$44,156,551$4,515,848$1,699,497$16,356,194