Can I retire at age 64 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$136,255$135,042$133,858$132,702$131,573$129,875
2 years$67,453$66,197$64,979$63,799$62,654$60,946
3 years$44,522$43,260$42,046$40,877$39,750$38,085
4 years$33,059$31,801$30,599$29,449$28,350$26,740
5 years$26,183$24,932$23,746$22,620$21,551$20,002
6 years$21,600$20,359$19,190$18,089$17,053$15,566
7 years$18,328$17,098$15,947$14,872$13,869$12,444
8 years$15,875$14,656$13,524$12,476$11,505$10,143
9 years$13,968$12,761$11,649$10,627$9,689$8,389
10 years$12,444$11,248$10,156$9,160$8,256$7,017
11 years$11,197$10,013$8,941$7,972$7,100$5,921
12 years$10,159$8,987$7,935$6,993$6,153$5,032
13 years$9,281$8,122$7,089$6,174$5,365$4,302
14 years$8,530$7,383$6,370$5,480$4,703$3,696
15 years$7,879$6,744$5,751$4,887$4,141$3,187
16 years$7,310$6,188$5,214$4,376$3,660$2,758
17 years$6,809$5,699$4,745$3,932$3,245$2,394
18 years$6,363$5,266$4,331$3,543$2,885$2,083
19 years$5,966$4,880$3,965$3,202$2,572$1,816
20 years$5,608$4,535$3,639$2,900$2,297$1,586
21 years$5,285$4,224$3,347$2,632$2,056$1,387
22 years$4,991$3,943$3,085$2,393$1,843$1,215
23 years$4,724$3,688$2,848$2,179$1,654$1,065
24 years$4,479$3,455$2,634$1,988$1,487$935
25 years$4,254$3,243$2,440$1,815$1,338$822
26 years$4,047$3,048$2,263$1,660$1,205$722
27 years$3,855$2,868$2,101$1,519$1,086$636
28 years$3,677$2,703$1,953$1,392$980$560
29 years$3,512$2,550$1,818$1,276$885$493
30 years$3,359$2,408$1,693$1,171$800$434
31 years$3,215$2,276$1,578$1,076$723$383
32 years$3,081$2,154$1,473$989$654$338
33 years$2,955$2,040$1,375$909$592$298
34 years$2,837$1,933$1,285$837$536$263
35 years$2,725$1,834$1,201$770$485$232
36 years$2,621$1,740$1,124$709$440$205
37 years$2,522$1,653$1,052$653$399$181
38 years$2,428$1,571$985$602$361$160
39 years$2,340$1,494$923$555$328$141
40 years$2,256$1,421$865$512$297$125
41 years$2,176$1,353$811$473$270$110
42 years$2,101$1,288$761$436$245$97
43 years$2,029$1,228$714$403$222$86
44 years$1,960$1,170$670$372$202$76
45 years$1,895$1,116$629$343$183$67
46 years$1,833$1,064$591$317$166$59
47 years$1,774$1,016$555$293$151$52
48 years$1,717$970$522$271$137$46
49 years$1,663$926$490$250$124$41
50 years$1,611$885$461$231$113$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,650,000, adding $6,692 every year, while hoping to spend $55,090 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: 61/11/28 Blend
63$1,650,000$1,650,000$1,650,000$1,650,000
64$1,825,203$1,737,753$1,712,178$1,922,396
65$1,952,758$1,764,287$1,710,920$2,015,883
66$2,091,478$1,790,276$1,707,775$2,111,364
67$2,242,442$1,815,633$1,702,619$2,214,426
68$2,406,841$1,840,268$1,695,326$2,325,821
69$2,585,981$1,864,084$1,685,762$2,446,379
70$2,781,304$1,886,977$1,673,787$2,577,017
71$2,994,393$1,908,835$1,659,256$2,718,743
72$3,226,994$1,929,540$1,642,013$2,872,672
73$3,481,025$1,948,966$1,621,899$3,040,035
74$3,758,602$1,966,978$1,598,745$3,222,187
75$4,062,050$1,983,431$1,572,374$3,420,627
76$4,393,933$1,998,172$1,542,602$3,637,004
77$4,757,070$2,011,039$1,509,235$3,873,142
78$5,154,569$2,021,857$1,472,072$4,131,048
79$5,589,849$2,030,442$1,430,901$4,412,942
80$6,066,678$2,036,598$1,385,500$4,721,267
81$6,589,203$2,040,115$1,335,638$5,058,722
82$7,161,993$2,040,772$1,281,073$5,428,282
83$7,790,079$2,038,333$1,221,551$5,833,229
84$8,479,003$2,032,547$1,156,809$6,277,183
85$9,234,869$2,023,149$1,086,570$6,764,138
86$10,064,400$2,009,858$1,010,545$7,298,495
87$10,975,002$1,992,374$928,431$7,885,113
88$11,974,832$1,970,381$839,914$8,529,347
89$13,072,877$1,943,541$744,663$9,237,105
90$14,279,035$1,911,500$642,334$10,014,899
91$15,604,213$1,873,880$532,569$10,869,913
92$17,060,424$1,830,281$414,990$11,810,070
93$18,660,902$1,780,279$289,208$12,844,103
94$20,420,229$1,723,428$154,811$13,981,645
95$22,354,468$1,659,252$11,373$15,233,316
96$24,481,319$1,587,250$0$16,610,826
97$26,820,279$1,506,891$0$18,169,422
98$29,392,832$1,417,613$0$19,887,383
99$32,222,646$1,318,822$0$21,777,151
100$35,335,802$1,209,890$0$23,856,181