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%16.2%
1 years$133,778$132,586$131,424$130,289$129,181$125,905
2 years$66,227$64,993$63,798$62,639$61,515$58,235
3 years$43,713$42,474$41,282$40,133$39,028$35,847
4 years$32,458$31,223$30,042$28,914$27,835$24,778
5 years$25,707$24,479$23,314$22,209$21,160$18,235
6 years$21,207$19,989$18,841$17,760$16,743$13,954
7 years$17,995$16,787$15,657$14,602$13,616$10,963
8 years$15,586$14,389$13,279$12,249$11,296$8,777
9 years$13,714$12,528$11,437$10,434$9,513$7,126
10 years$12,217$11,043$9,971$8,994$8,106$5,848
11 years$10,994$9,831$8,778$7,827$6,971$4,839
12 years$9,974$8,824$7,790$6,866$6,041$4,031
13 years$9,113$7,974$6,960$6,061$5,268$3,376
14 years$8,375$7,248$6,254$5,381$4,618$2,840
15 years$7,736$6,622$5,646$4,798$4,066$2,397
16 years$7,177$6,075$5,119$4,297$3,593$2,030
17 years$6,685$5,595$4,658$3,860$3,186$1,723
18 years$6,248$5,170$4,252$3,479$2,833$1,465
19 years$5,857$4,791$3,893$3,144$2,525$1,249
20 years$5,506$4,452$3,573$2,847$2,255$1,065
21 years$5,189$4,147$3,286$2,584$2,018$910
22 years$4,900$3,871$3,029$2,349$1,809$779
23 years$4,638$3,621$2,797$2,140$1,624$666
24 years$4,397$3,392$2,586$1,951$1,460$571
25 years$4,177$3,184$2,395$1,782$1,314$489
26 years$3,973$2,992$2,222$1,630$1,183$420
27 years$3,785$2,816$2,063$1,492$1,067$360
28 years$3,611$2,653$1,918$1,367$963$309
29 years$3,449$2,503$1,785$1,253$869$266
30 years$3,298$2,364$1,662$1,150$785$228
31 years$3,157$2,235$1,550$1,056$710$196
32 years$3,025$2,115$1,446$971$642$168
33 years$2,901$2,003$1,350$893$581$145
34 years$2,785$1,898$1,261$821$526$125
35 years$2,676$1,800$1,179$756$477$107
36 years$2,573$1,709$1,103$696$432$92
37 years$2,476$1,623$1,033$642$391$79
38 years$2,384$1,542$967$591$355$68
39 years$2,297$1,467$906$545$322$59
40 years$2,215$1,395$849$503$292$50
41 years$2,137$1,328$796$464$265$43
42 years$2,062$1,265$747$428$240$37
43 years$1,992$1,205$701$395$218$32
44 years$1,925$1,149$658$365$198$28
45 years$1,861$1,095$618$337$180$24
46 years$1,800$1,045$580$311$163$20
47 years$1,742$997$545$288$148$18
48 years$1,686$952$512$266$135$15
49 years$1,633$909$481$246$122$13
50 years$1,582$868$453$227$111$11

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 $3,596 every year, while hoping to spend $34,947 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: 63/32/5 Blend
63$1,620,000$1,620,000$1,620,000$1,620,000
64$1,788,949$1,703,089$1,677,979$1,900,096
65$1,934,239$1,749,357$1,697,008$2,020,816
66$2,093,177$1,796,721$1,715,503$2,148,111
67$2,267,118$1,845,198$1,733,410$2,286,168
68$2,457,555$1,894,803$1,750,670$2,436,026
69$2,666,131$1,945,554$1,767,223$2,598,828
70$2,894,656$1,997,466$1,783,005$2,775,834
71$3,145,122$2,050,554$1,797,947$2,968,427
72$3,419,726$2,104,832$1,811,979$3,178,133
73$3,720,883$2,160,314$1,825,026$3,406,632
74$4,051,258$2,217,014$1,837,009$3,655,773
75$4,413,783$2,274,944$1,847,845$3,927,592
76$4,811,688$2,334,115$1,857,447$4,224,330
77$5,248,531$2,394,538$1,865,723$4,548,458
78$5,728,234$2,456,223$1,872,577$4,902,695
79$6,255,113$2,519,177$1,877,908$5,290,037
80$6,833,925$2,583,408$1,881,609$5,713,784
81$7,469,912$2,648,921$1,883,568$6,177,569
82$8,168,845$2,715,720$1,883,670$6,685,395
83$8,937,085$2,783,808$1,881,791$7,241,674
84$9,781,638$2,853,186$1,877,802$7,851,264
85$10,710,225$2,923,851$1,871,568$8,519,515
86$11,731,349$2,995,802$1,862,947$9,252,326
87$12,854,382$3,069,031$1,851,790$10,056,191
88$14,089,646$3,143,531$1,837,943$10,938,267
89$15,448,518$3,219,291$1,821,241$11,906,440
90$16,943,528$3,296,298$1,801,515$12,969,398
91$18,588,487$3,374,536$1,778,584$14,136,712
92$20,398,607$3,453,983$1,752,262$15,418,929
93$22,390,655$3,534,617$1,722,352$16,827,671
94$24,583,099$3,616,411$1,688,648$18,375,740
95$26,996,294$3,699,334$1,650,937$20,077,247
96$29,652,665$3,783,351$1,608,992$21,947,736
97$32,576,922$3,868,420$1,562,579$24,004,339
98$35,796,294$3,954,498$1,511,451$26,265,930
99$39,340,782$4,041,535$1,455,350$28,753,310
100$43,243,446$4,129,474$1,394,009$31,489,398