Can I retire at age 64 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$134,604$133,405$132,235$131,093$129,978$127,563
2 years$66,636$65,395$64,192$63,026$61,895$59,470
3 years$43,982$42,736$41,536$40,381$39,268$36,910
4 years$32,658$31,416$30,228$29,092$28,007$25,733
5 years$25,865$24,630$23,458$22,346$21,290$19,108
6 years$21,338$20,112$18,958$17,870$16,846$14,757
7 years$18,106$16,890$15,754$14,692$13,700$11,706
8 years$15,683$14,478$13,361$12,325$11,366$9,465
9 years$13,799$12,606$11,507$10,498$9,572$7,763
10 years$12,293$11,111$10,032$9,049$8,156$6,438
11 years$11,061$9,892$8,832$7,876$7,014$5,385
12 years$10,036$8,878$7,839$6,908$6,078$4,536
13 years$9,169$8,023$7,003$6,099$5,300$3,842
14 years$8,426$7,293$6,292$5,414$4,646$3,270
15 years$7,784$6,662$5,681$4,828$4,091$2,793
16 years$7,222$6,113$5,151$4,323$3,616$2,394
17 years$6,726$5,629$4,687$3,884$3,206$2,057
18 years$6,286$5,202$4,279$3,500$2,850$1,771
19 years$5,893$4,821$3,917$3,163$2,541$1,529
20 years$5,540$4,480$3,595$2,865$2,269$1,321
21 years$5,221$4,173$3,306$2,600$2,031$1,143
22 years$4,931$3,895$3,047$2,364$1,820$991
23 years$4,666$3,643$2,814$2,153$1,634$860
24 years$4,425$3,413$2,602$1,964$1,469$746
25 years$4,202$3,203$2,410$1,793$1,322$649
26 years$3,998$3,011$2,235$1,640$1,190$564
27 years$3,808$2,833$2,076$1,501$1,073$491
28 years$3,633$2,670$1,930$1,375$968$427
29 years$3,470$2,519$1,796$1,261$875$372
30 years$3,318$2,379$1,673$1,157$790$324
31 years$3,176$2,249$1,559$1,063$714$282
32 years$3,043$2,128$1,455$977$646$246
33 years$2,919$2,015$1,358$898$585$215
34 years$2,802$1,910$1,269$826$529$187
35 years$2,692$1,811$1,187$761$480$163
36 years$2,589$1,719$1,110$701$435$142
37 years$2,491$1,633$1,039$646$394$124
38 years$2,399$1,552$973$595$357$108
39 years$2,311$1,476$912$549$324$95
40 years$2,228$1,404$854$506$294$83
41 years$2,150$1,336$801$467$266$72
42 years$2,075$1,273$752$431$242$63
43 years$2,004$1,213$705$398$219$55
44 years$1,937$1,156$662$367$199$48
45 years$1,872$1,102$622$339$181$42
46 years$1,811$1,052$584$313$164$37
47 years$1,752$1,003$548$289$149$32
48 years$1,696$958$515$267$135$28
49 years$1,643$915$484$247$123$24
50 years$1,591$874$455$228$112$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,630,000, adding $6,046 every year, while hoping to spend $26,037 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: 36/49/15 Blend
63$1,630,000$1,630,000$1,630,000$1,630,000
64$1,802,496$1,716,106$1,690,841$1,858,895
65$1,958,648$1,772,492$1,719,781$1,956,544
66$2,129,854$1,830,769$1,748,818$2,058,979
67$2,317,623$1,891,001$1,777,928$2,169,002
68$2,523,617$1,953,255$1,807,084$2,287,304
69$2,749,663$2,017,602$1,836,259$2,414,642
70$2,997,779$2,084,115$1,865,424$2,551,849
71$3,270,183$2,152,867$1,894,546$2,699,839
72$3,569,321$2,223,938$1,923,593$2,859,616
73$3,897,888$2,297,406$1,952,529$3,032,285
74$4,258,849$2,373,356$1,981,316$3,219,061
75$4,655,476$2,451,874$2,009,914$3,421,279
76$5,091,368$2,533,049$2,038,279$3,640,407
77$5,570,493$2,616,975$2,066,368$3,878,059
78$6,097,224$2,703,747$2,094,131$4,136,012
79$6,676,374$2,793,464$2,121,518$4,416,220
80$7,313,251$2,886,231$2,148,476$4,720,833
81$8,013,700$2,982,153$2,174,947$5,052,215
82$8,784,162$3,081,343$2,200,872$5,412,970
83$9,631,732$3,183,914$2,226,187$5,805,962
84$10,564,229$3,289,986$2,250,824$6,234,345
85$11,590,267$3,399,683$2,274,714$6,701,587
86$12,719,339$3,513,132$2,297,782$7,211,509
87$13,961,903$3,630,467$2,319,949$7,768,316
88$15,329,481$3,751,824$2,341,131$8,376,638
89$16,834,772$3,877,347$2,361,243$9,041,572
90$18,491,766$4,007,184$2,380,191$9,768,730
91$20,315,877$4,141,487$2,397,879$10,564,292
92$22,324,094$4,280,417$2,414,205$11,435,063
93$24,535,133$4,424,139$2,429,062$12,388,536
94$26,969,618$4,572,823$2,442,338$13,432,965
95$29,650,275$4,726,648$2,453,912$14,577,438
96$32,602,147$4,885,798$2,463,662$15,831,966
97$35,852,828$5,050,463$2,471,456$17,207,574
98$39,432,723$5,220,843$2,477,157$18,716,406
99$43,375,340$5,397,143$2,480,621$20,371,838
100$47,717,598$5,579,577$2,481,695$22,188,602