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

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$135,430$134,223$133,046$131,898$130,776$125,836
2 years$67,044$65,796$64,586$63,412$62,274$57,355
3 years$44,252$42,998$41,791$40,629$39,509$34,765
4 years$32,858$31,608$30,413$29,271$28,178$23,645
5 years$26,024$24,781$23,602$22,483$21,421$17,111
6 years$21,469$20,236$19,074$17,980$16,950$12,865
7 years$18,217$16,994$15,850$14,782$13,784$9,925
8 years$15,779$14,567$13,442$12,400$11,436$7,797
9 years$13,884$12,683$11,578$10,562$9,630$6,208
10 years$12,368$11,180$10,094$9,105$8,206$4,993
11 years$11,129$9,953$8,887$7,924$7,057$4,047
12 years$10,098$8,933$7,887$6,950$6,116$3,301
13 years$9,225$8,073$7,046$6,136$5,333$2,705
14 years$8,478$7,338$6,331$5,447$4,675$2,226
15 years$7,831$6,703$5,716$4,858$4,116$1,837
16 years$7,266$6,150$5,182$4,350$3,638$1,520
17 years$6,767$5,664$4,716$3,908$3,225$1,260
18 years$6,325$5,234$4,305$3,522$2,868$1,047
19 years$5,929$4,851$3,941$3,182$2,556$870
20 years$5,574$4,507$3,617$2,882$2,283$725
21 years$5,253$4,199$3,327$2,616$2,043$604
22 years$4,961$3,919$3,066$2,378$1,832$504
23 years$4,695$3,666$2,831$2,166$1,644$421
24 years$4,452$3,434$2,618$1,976$1,478$351
25 years$4,228$3,223$2,425$1,804$1,330$294
26 years$4,022$3,029$2,249$1,650$1,198$245
27 years$3,832$2,851$2,088$1,510$1,080$205
28 years$3,655$2,686$1,941$1,383$974$172
29 years$3,491$2,534$1,807$1,269$880$144
30 years$3,338$2,393$1,683$1,164$795$120
31 years$3,196$2,262$1,569$1,069$719$101
32 years$3,062$2,141$1,464$983$650$84
33 years$2,937$2,027$1,367$904$588$70
34 years$2,819$1,921$1,277$831$533$59
35 years$2,709$1,822$1,194$765$483$49
36 years$2,605$1,730$1,117$705$437$41
37 years$2,506$1,643$1,045$650$396$35
38 years$2,413$1,561$979$599$359$29
39 years$2,325$1,485$917$552$326$24
40 years$2,242$1,412$860$509$295$20
41 years$2,163$1,345$806$470$268$17
42 years$2,088$1,281$756$434$243$14
43 years$2,017$1,220$710$400$221$12
44 years$1,949$1,163$666$370$200$10
45 years$1,884$1,109$625$341$182$8
46 years$1,822$1,058$587$315$165$7
47 years$1,763$1,010$552$291$150$6
48 years$1,707$964$519$269$136$5
49 years$1,653$920$487$249$124$4
50 years$1,601$879$458$230$112$3

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 $4,211 every year, while hoping to spend $31,621 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: 48/32/20 Blend
63$1,640,000$1,640,000$1,640,000$1,640,000
64$1,811,624$1,724,704$1,699,284$1,888,157
65$1,962,765$1,775,570$1,722,565$1,992,702
66$2,128,262$1,827,868$1,745,567$2,102,629
67$2,309,548$1,881,636$1,768,246$2,221,336
68$2,508,197$1,936,911$1,790,557$2,349,660
69$2,725,944$1,993,732$1,812,452$2,488,522
70$2,964,703$2,052,137$1,833,881$2,638,936
71$3,226,577$2,112,166$1,854,791$2,802,018
72$3,513,885$2,173,860$1,875,124$2,978,996
73$3,829,183$2,237,260$1,894,822$3,171,224
74$4,175,282$2,302,408$1,913,821$3,380,190
75$4,555,283$2,369,348$1,932,056$3,607,534
76$4,972,598$2,438,123$1,949,457$3,855,063
77$5,430,989$2,508,777$1,965,949$4,124,766
78$5,934,598$2,581,355$1,981,457$4,418,834
79$6,487,990$2,655,904$1,995,898$4,739,678
80$7,096,191$2,732,469$2,009,187$5,089,957
81$7,764,741$2,811,099$2,021,233$5,472,598
82$8,499,742$2,891,841$2,031,942$5,890,826
83$9,307,918$2,974,743$2,041,215$6,348,192
84$10,196,676$3,059,856$2,048,946$6,848,610
85$11,174,177$3,147,229$2,055,025$7,396,391
86$12,249,412$3,236,912$2,059,337$7,996,284
87$13,432,288$3,328,957$2,061,762$8,653,522
88$14,733,721$3,423,415$2,062,170$9,373,870
89$16,165,738$3,520,339$2,060,430$10,163,680
90$17,741,589$3,619,782$2,056,400$11,029,949
91$19,475,876$3,721,796$2,049,934$11,980,389
92$21,384,686$3,826,435$2,040,878$13,023,496
93$23,485,746$3,933,753$2,029,070$14,168,631
94$25,798,589$4,043,803$2,014,340$15,426,110
95$28,344,737$4,156,641$1,996,512$16,807,299
96$31,147,905$4,272,321$1,975,400$18,324,721
97$34,234,224$4,390,898$1,950,809$19,992,179
98$37,632,488$4,512,425$1,922,534$21,824,879
99$41,374,426$4,636,958$1,890,364$23,839,579
100$45,495,000$4,764,552$1,854,073$26,054,743