Can I retire at age 64 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$135,430$134,223$133,046$131,898$130,776$126,742
2 years$67,044$65,796$64,586$63,412$62,274$58,245
3 years$44,252$42,998$41,791$40,629$39,509$35,612
4 years$32,858$31,608$30,413$29,271$28,178$24,442
5 years$26,024$24,781$23,602$22,483$21,421$17,856
6 years$21,469$20,236$19,074$17,980$16,950$13,559
7 years$18,217$16,994$15,850$14,782$13,784$10,569
8 years$15,779$14,567$13,442$12,400$11,436$8,392
9 years$13,884$12,683$11,578$10,562$9,630$6,756
10 years$12,368$11,180$10,094$9,105$8,206$5,495
11 years$11,129$9,953$8,887$7,924$7,057$4,507
12 years$10,098$8,933$7,887$6,950$6,116$3,720
13 years$9,225$8,073$7,046$6,136$5,333$3,086
14 years$8,478$7,338$6,331$5,447$4,675$2,571
15 years$7,831$6,703$5,716$4,858$4,116$2,149
16 years$7,266$6,150$5,182$4,350$3,638$1,802
17 years$6,767$5,664$4,716$3,908$3,225$1,514
18 years$6,325$5,234$4,305$3,522$2,868$1,274
19 years$5,929$4,851$3,941$3,182$2,556$1,074
20 years$5,574$4,507$3,617$2,882$2,283$907
21 years$5,253$4,199$3,327$2,616$2,043$767
22 years$4,961$3,919$3,066$2,378$1,832$649
23 years$4,695$3,666$2,831$2,166$1,644$549
24 years$4,452$3,434$2,618$1,976$1,478$465
25 years$4,228$3,223$2,425$1,804$1,330$394
26 years$4,022$3,029$2,249$1,650$1,198$334
27 years$3,832$2,851$2,088$1,510$1,080$284
28 years$3,655$2,686$1,941$1,383$974$241
29 years$3,491$2,534$1,807$1,269$880$204
30 years$3,338$2,393$1,683$1,164$795$174
31 years$3,196$2,262$1,569$1,069$719$147
32 years$3,062$2,141$1,464$983$650$125
33 years$2,937$2,027$1,367$904$588$106
34 years$2,819$1,921$1,277$831$533$90
35 years$2,709$1,822$1,194$765$483$77
36 years$2,605$1,730$1,117$705$437$65
37 years$2,506$1,643$1,045$650$396$56
38 years$2,413$1,561$979$599$359$47
39 years$2,325$1,485$917$552$326$40
40 years$2,242$1,412$860$509$295$34
41 years$2,163$1,345$806$470$268$29
42 years$2,088$1,281$756$434$243$25
43 years$2,017$1,220$710$400$221$21
44 years$1,949$1,163$666$370$200$18
45 years$1,884$1,109$625$341$182$15
46 years$1,822$1,058$587$315$165$13
47 years$1,763$1,010$552$291$150$11
48 years$1,707$964$519$269$136$9
49 years$1,653$920$487$249$124$8
50 years$1,601$879$458$230$112$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,640,000, adding $3,692 every year, while hoping to spend $57,509 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: 44/43/13 Blend
63$1,640,000$1,640,000$1,640,000$1,640,000
64$1,811,088$1,724,168$1,698,748$1,883,849
65$1,934,630$1,747,463$1,694,467$1,958,254
66$2,068,846$1,769,973$1,688,115$2,032,768
67$2,214,763$1,791,596$1,679,562$2,112,265
68$2,373,514$1,812,229$1,668,672$2,197,227
69$2,546,341$1,831,757$1,655,302$2,288,189
70$2,734,615$1,850,060$1,639,301$2,385,739
71$2,939,842$1,867,010$1,620,514$2,490,529
72$3,163,680$1,882,468$1,598,776$2,603,279
73$3,407,955$1,896,288$1,573,915$2,724,785
74$3,674,676$1,908,316$1,545,750$2,855,928
75$3,966,055$1,918,385$1,514,095$2,997,679
76$4,284,526$1,926,319$1,478,750$3,151,114
77$4,632,769$1,931,931$1,439,510$3,317,420
78$5,013,737$1,935,021$1,396,159$3,497,910
79$5,430,680$1,935,378$1,348,471$3,694,034
80$5,887,174$1,932,777$1,296,211$3,907,393
81$6,387,163$1,926,979$1,239,130$4,139,759
82$6,934,984$1,917,732$1,176,971$4,393,087
83$7,535,417$1,904,765$1,109,465$4,669,536
84$8,193,726$1,887,795$1,036,328$4,971,492
85$8,915,707$1,866,519$957,267$5,301,592
86$9,707,747$1,840,616$871,973$5,662,745
87$10,576,879$1,809,748$780,125$6,058,165
88$11,530,848$1,773,553$681,387$6,491,401
89$12,578,188$1,731,651$575,408$6,966,372
90$13,728,300$1,683,638$461,821$7,487,406
91$14,991,538$1,629,088$340,243$8,059,278
92$16,379,310$1,567,548$210,276$8,687,264
93$17,904,181$1,498,539$71,501$9,377,184
94$19,579,995$1,421,556$0$10,135,464
95$21,422,005$1,336,062$0$10,979,822
96$23,447,012$1,241,492$0$11,918,737
97$25,673,530$1,137,247$0$12,950,986
98$28,121,951$1,022,694$0$14,086,172
99$30,814,749$897,164$0$15,334,889
100$33,776,678$759,951$0$16,708,822