Can I retire at age 64 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$133,778$132,586$131,424$130,289$129,181$127,093
2 years$66,227$64,993$63,798$62,639$61,515$59,417
3 years$43,713$42,474$41,282$40,133$39,028$36,985
4 years$32,458$31,223$30,042$28,914$27,835$25,864
5 years$25,707$24,479$23,314$22,209$21,160$19,265
6 years$21,207$19,989$18,841$17,760$16,743$14,928
7 years$17,995$16,787$15,657$14,602$13,616$11,881
8 years$15,586$14,389$13,279$12,249$11,296$9,640
9 years$13,714$12,528$11,437$10,434$9,513$7,935
10 years$12,217$11,043$9,971$8,994$8,106$6,605
11 years$10,994$9,831$8,778$7,827$6,971$5,546
12 years$9,974$8,824$7,790$6,866$6,041$4,689
13 years$9,113$7,974$6,960$6,061$5,268$3,988
14 years$8,375$7,248$6,254$5,381$4,618$3,407
15 years$7,736$6,622$5,646$4,798$4,066$2,923
16 years$7,177$6,075$5,119$4,297$3,593$2,515
17 years$6,685$5,595$4,658$3,860$3,186$2,171
18 years$6,248$5,170$4,252$3,479$2,833$1,877
19 years$5,857$4,791$3,893$3,144$2,525$1,627
20 years$5,506$4,452$3,573$2,847$2,255$1,413
21 years$5,189$4,147$3,286$2,584$2,018$1,228
22 years$4,900$3,871$3,029$2,349$1,809$1,069
23 years$4,638$3,621$2,797$2,140$1,624$932
24 years$4,397$3,392$2,586$1,951$1,460$813
25 years$4,177$3,184$2,395$1,782$1,314$710
26 years$3,973$2,992$2,222$1,630$1,183$620
27 years$3,785$2,816$2,063$1,492$1,067$542
28 years$3,611$2,653$1,918$1,367$963$474
29 years$3,449$2,503$1,785$1,253$869$415
30 years$3,298$2,364$1,662$1,150$785$363
31 years$3,157$2,235$1,550$1,056$710$318
32 years$3,025$2,115$1,446$971$642$279
33 years$2,901$2,003$1,350$893$581$244
34 years$2,785$1,898$1,261$821$526$214
35 years$2,676$1,800$1,179$756$477$188
36 years$2,573$1,709$1,103$696$432$165
37 years$2,476$1,623$1,033$642$391$144
38 years$2,384$1,542$967$591$355$127
39 years$2,297$1,467$906$545$322$111
40 years$2,215$1,395$849$503$292$97
41 years$2,137$1,328$796$464$265$85
42 years$2,062$1,265$747$428$240$75
43 years$1,992$1,205$701$395$218$66
44 years$1,925$1,149$658$365$198$58
45 years$1,861$1,095$618$337$180$51
46 years$1,800$1,045$580$311$163$44
47 years$1,742$997$545$288$148$39
48 years$1,686$952$512$266$135$34
49 years$1,633$909$481$246$122$30
50 years$1,582$868$453$227$111$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,620,000, adding $5,786 every year, while hoping to spend $46,235 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: 48/28/24 Blend
63$1,620,000$1,620,000$1,620,000$1,620,000
64$1,791,208$1,705,348$1,680,238$1,864,717
65$1,924,718$1,739,717$1,687,333$1,951,093
66$2,070,296$1,774,219$1,693,115$2,039,776
67$2,229,124$1,808,815$1,697,493$2,135,150
68$2,402,504$1,843,456$1,700,368$2,237,866
69$2,591,869$1,878,094$1,701,639$2,348,642
70$2,798,794$1,912,675$1,701,199$2,468,269
71$3,025,016$1,947,141$1,698,934$2,597,621
72$3,272,446$1,981,430$1,694,727$2,737,661
73$3,543,189$2,015,473$1,688,453$2,889,453
74$3,839,561$2,049,199$1,679,984$3,054,167
75$4,164,115$2,082,528$1,669,182$3,233,098
76$4,519,660$2,115,377$1,655,905$3,427,672
77$4,909,292$2,147,657$1,640,004$3,639,463
78$5,336,417$2,179,270$1,621,322$3,870,206
79$5,804,790$2,210,113$1,599,695$4,121,815
80$6,318,546$2,240,075$1,574,951$4,396,403
81$6,882,236$2,269,037$1,546,911$4,696,299
82$7,500,878$2,296,874$1,515,386$5,024,073
83$8,179,996$2,323,449$1,480,179$5,382,558
84$8,925,676$2,348,618$1,441,086$5,774,880
85$9,744,621$2,372,227$1,397,889$6,204,487
86$10,644,218$2,394,112$1,350,363$6,675,181
87$11,632,601$2,414,096$1,298,274$7,191,156
88$12,718,734$2,431,994$1,241,373$7,757,037
89$13,912,490$2,447,607$1,179,404$8,377,925
90$15,224,747$2,460,723$1,112,098$9,059,445
91$16,667,490$2,471,117$1,039,171$9,807,800
92$18,253,921$2,478,549$960,331$10,629,832
93$19,998,589$2,482,766$875,270$11,533,084
94$21,917,519$2,483,496$783,666$12,525,876
95$24,028,372$2,480,453$685,184$13,617,381
96$26,350,602$2,473,331$579,474$14,817,713
97$28,905,647$2,461,808$466,170$16,138,028
98$31,717,126$2,445,540$344,890$17,590,623
99$34,811,064$2,424,162$215,235$19,189,058
100$38,216,135$2,397,288$76,788$20,948,286