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

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$134,604$133,405$132,235$131,093$129,978$125,168
2 years$66,636$65,395$64,192$63,026$61,895$57,102
3 years$43,982$42,736$41,536$40,381$39,268$34,645
4 years$32,658$31,416$30,228$29,092$28,007$23,587
5 years$25,865$24,630$23,458$22,346$21,290$17,087
6 years$21,338$20,112$18,958$17,870$16,846$12,862
7 years$18,106$16,890$15,754$14,692$13,700$9,934
8 years$15,683$14,478$13,361$12,325$11,366$7,813
9 years$13,799$12,606$11,507$10,498$9,572$6,229
10 years$12,293$11,111$10,032$9,049$8,156$5,016
11 years$11,061$9,892$8,832$7,876$7,014$4,071
12 years$10,036$8,878$7,839$6,908$6,078$3,325
13 years$9,169$8,023$7,003$6,099$5,300$2,728
14 years$8,426$7,293$6,292$5,414$4,646$2,248
15 years$7,784$6,662$5,681$4,828$4,091$1,858
16 years$7,222$6,113$5,151$4,323$3,616$1,539
17 years$6,726$5,629$4,687$3,884$3,206$1,278
18 years$6,286$5,202$4,279$3,500$2,850$1,063
19 years$5,893$4,821$3,917$3,163$2,541$886
20 years$5,540$4,480$3,595$2,865$2,269$739
21 years$5,221$4,173$3,306$2,600$2,031$617
22 years$4,931$3,895$3,047$2,364$1,820$515
23 years$4,666$3,643$2,814$2,153$1,634$431
24 years$4,425$3,413$2,602$1,964$1,469$360
25 years$4,202$3,203$2,410$1,793$1,322$302
26 years$3,998$3,011$2,235$1,640$1,190$252
27 years$3,808$2,833$2,076$1,501$1,073$211
28 years$3,633$2,670$1,930$1,375$968$177
29 years$3,470$2,519$1,796$1,261$875$148
30 years$3,318$2,379$1,673$1,157$790$124
31 years$3,176$2,249$1,559$1,063$714$104
32 years$3,043$2,128$1,455$977$646$87
33 years$2,919$2,015$1,358$898$585$73
34 years$2,802$1,910$1,269$826$529$61
35 years$2,692$1,811$1,187$761$480$52
36 years$2,589$1,719$1,110$701$435$43
37 years$2,491$1,633$1,039$646$394$36
38 years$2,399$1,552$973$595$357$30
39 years$2,311$1,476$912$549$324$25
40 years$2,228$1,404$854$506$294$21
41 years$2,150$1,336$801$467$266$18
42 years$2,075$1,273$752$431$242$15
43 years$2,004$1,213$705$398$219$13
44 years$1,937$1,156$662$367$199$11
45 years$1,872$1,102$622$339$181$9
46 years$1,811$1,052$584$313$164$7
47 years$1,752$1,003$548$289$149$6
48 years$1,696$958$515$267$135$5
49 years$1,643$915$484$247$123$4
50 years$1,591$874$455$228$112$4

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 $6,087 every year, while hoping to spend $48,561 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: 47/48/5 Blend
63$1,630,000$1,630,000$1,630,000$1,630,000
64$1,802,539$1,716,149$1,690,884$1,884,639
65$1,934,729$1,748,572$1,695,860$1,973,927
66$2,078,775$1,780,955$1,699,375$2,065,141
67$2,235,836$1,813,247$1,701,329$2,162,972
68$2,407,184$1,845,390$1,701,617$2,268,046
69$2,594,224$1,877,321$1,700,128$2,381,053
70$2,798,500$1,908,974$1,696,747$2,502,754
71$3,021,711$1,940,278$1,691,352$2,633,986
72$3,265,729$1,971,155$1,683,816$2,775,674
73$3,532,614$2,001,523$1,674,005$2,928,836
74$3,824,637$2,031,294$1,661,780$3,094,597
75$4,144,293$2,060,371$1,646,994$3,274,195
76$4,494,336$2,088,654$1,629,493$3,468,994
77$4,877,794$2,116,033$1,609,116$3,680,503
78$5,298,002$2,142,392$1,585,695$3,910,381
79$5,758,637$2,167,608$1,559,054$4,160,460
80$6,263,743$2,191,546$1,529,008$4,432,759
81$6,817,779$2,214,066$1,495,364$4,729,507
82$7,425,653$2,235,016$1,457,919$5,053,158
83$8,092,773$2,254,235$1,416,463$5,406,423
84$8,825,095$2,271,551$1,370,773$5,792,288
85$9,629,179$2,286,782$1,320,619$6,214,047
86$10,512,254$2,299,733$1,265,758$6,675,334
87$11,482,281$2,310,197$1,205,938$7,180,156
88$12,548,031$2,317,953$1,140,894$7,732,930
89$13,719,165$2,322,768$1,070,349$8,338,530
90$15,006,329$2,324,393$994,015$9,002,328
91$16,421,250$2,322,564$911,590$9,730,250
92$17,976,848$2,317,000$822,758$10,528,830
93$19,687,356$2,307,402$727,190$11,405,275
94$21,568,457$2,293,456$624,542$12,367,530
95$23,637,431$2,274,826$514,455$13,424,357
96$25,913,312$2,251,156$396,553$14,585,418
97$28,417,077$2,222,070$270,444$15,861,367
98$31,171,834$2,187,167$135,720$17,263,951
99$34,203,048$2,146,025$0$18,806,124
100$37,538,774$2,098,195$0$20,502,599