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%12.4%
1 years$135,430$134,223$133,046$131,898$130,776$129,464
2 years$67,044$65,796$64,586$63,412$62,274$60,953
3 years$44,252$42,998$41,791$40,629$39,509$38,220
4 years$32,858$31,608$30,413$29,271$28,178$26,930
5 years$26,024$24,781$23,602$22,483$21,421$20,218
6 years$21,469$20,236$19,074$17,980$16,950$15,793
7 years$18,217$16,994$15,850$14,782$13,784$12,675
8 years$15,779$14,567$13,442$12,400$11,436$10,373
9 years$13,884$12,683$11,578$10,562$9,630$8,615
10 years$12,368$11,180$10,094$9,105$8,206$7,236
11 years$11,129$9,953$8,887$7,924$7,057$6,133
12 years$10,098$8,933$7,887$6,950$6,116$5,236
13 years$9,225$8,073$7,046$6,136$5,333$4,496
14 years$8,478$7,338$6,331$5,447$4,675$3,880
15 years$7,831$6,703$5,716$4,858$4,116$3,363
16 years$7,266$6,150$5,182$4,350$3,638$2,924
17 years$6,767$5,664$4,716$3,908$3,225$2,550
18 years$6,325$5,234$4,305$3,522$2,868$2,230
19 years$5,929$4,851$3,941$3,182$2,556$1,954
20 years$5,574$4,507$3,617$2,882$2,283$1,715
21 years$5,253$4,199$3,327$2,616$2,043$1,508
22 years$4,961$3,919$3,066$2,378$1,832$1,328
23 years$4,695$3,666$2,831$2,166$1,644$1,171
24 years$4,452$3,434$2,618$1,976$1,478$1,033
25 years$4,228$3,223$2,425$1,804$1,330$913
26 years$4,022$3,029$2,249$1,650$1,198$807
27 years$3,832$2,851$2,088$1,510$1,080$714
28 years$3,655$2,686$1,941$1,383$974$632
29 years$3,491$2,534$1,807$1,269$880$560
30 years$3,338$2,393$1,683$1,164$795$496
31 years$3,196$2,262$1,569$1,069$719$440
32 years$3,062$2,141$1,464$983$650$390
33 years$2,937$2,027$1,367$904$588$346
34 years$2,819$1,921$1,277$831$533$307
35 years$2,709$1,822$1,194$765$483$273
36 years$2,605$1,730$1,117$705$437$242
37 years$2,506$1,643$1,045$650$396$215
38 years$2,413$1,561$979$599$359$191
39 years$2,325$1,485$917$552$326$170
40 years$2,242$1,412$860$509$295$151
41 years$2,163$1,345$806$470$268$134
42 years$2,088$1,281$756$434$243$119
43 years$2,017$1,220$710$400$221$106
44 years$1,949$1,163$666$370$200$94
45 years$1,884$1,109$625$341$182$84
46 years$1,822$1,058$587$315$165$75
47 years$1,763$1,010$552$291$150$66
48 years$1,707$964$519$269$136$59
49 years$1,653$920$487$249$124$52
50 years$1,601$879$458$230$112$47

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 $6,352 every year, while hoping to spend $51,054 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: 79/11/10 Blend
63$1,640,000$1,640,000$1,640,000$1,640,000
64$1,813,832$1,726,912$1,701,492$1,953,618
65$1,944,522$1,757,210$1,704,171$2,076,604
66$2,086,831$1,787,281$1,705,229$2,204,228
67$2,241,891$1,817,060$1,704,557$2,342,744
68$2,410,946$1,846,479$1,702,041$2,493,217
69$2,595,366$1,875,460$1,697,564$2,656,819
70$2,796,661$1,903,925$1,691,000$2,834,841
71$3,016,489$1,931,786$1,682,217$3,028,705
72$3,256,679$1,958,952$1,671,079$3,239,977
73$3,519,242$1,985,322$1,657,442$3,470,383
74$3,806,394$2,010,792$1,641,156$3,721,823
75$4,120,573$2,035,248$1,622,061$3,996,392
76$4,464,465$2,058,568$1,599,994$4,296,396
77$4,841,027$2,080,625$1,574,780$4,624,378
78$5,253,516$2,101,280$1,546,240$4,983,138
79$5,705,518$2,120,386$1,514,182$5,375,762
80$6,200,983$2,137,787$1,478,409$5,805,650
81$6,744,260$2,153,315$1,438,713$6,276,549
82$7,340,141$2,166,794$1,394,876$6,792,587
83$7,993,903$2,178,035$1,346,672$7,358,314
84$8,711,359$2,186,836$1,293,863$7,978,741
85$9,498,910$2,192,984$1,236,200$8,659,393
86$10,363,609$2,196,251$1,173,424$9,406,356
87$11,313,227$2,196,396$1,105,263$10,226,339
88$12,356,319$2,193,163$1,031,432$11,126,734
89$13,502,316$2,186,280$951,637$12,115,686
90$14,761,602$2,175,457$865,567$13,202,173
91$16,145,619$2,160,389$772,897$14,396,087
92$17,666,974$2,140,750$673,291$15,708,330
93$19,339,554$2,116,195$566,395$17,150,916
94$21,178,660$2,086,359$451,840$18,737,087
95$23,201,148$2,050,856$329,242$20,481,433
96$25,425,591$2,009,274$198,197$22,400,035
97$27,872,452$1,961,179$58,288$24,510,613
98$30,564,276$1,906,111$0$26,832,699
99$33,525,905$1,843,583$0$29,397,526
100$36,784,708$1,773,080$0$32,226,370