Can I retire at age 64 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$137,081$135,860$134,669$133,506$132,371$129,381
2 years$67,862$66,598$65,373$64,186$63,034$60,038
3 years$44,792$43,523$42,301$41,124$39,991$37,082
4 years$33,259$31,994$30,784$29,628$28,522$25,723
5 years$26,341$25,083$23,890$22,757$21,682$19,000
6 years$21,731$20,483$19,306$18,199$17,156$14,595
7 years$18,439$17,201$16,044$14,962$13,953$11,512
8 years$15,971$14,745$13,606$12,552$11,575$9,254
9 years$14,053$12,838$11,719$10,691$9,748$7,545
10 years$12,519$11,316$10,217$9,216$8,306$6,218
11 years$11,265$10,074$8,995$8,021$7,143$5,169
12 years$10,221$9,042$7,983$7,035$6,190$4,326
13 years$9,338$8,171$7,132$6,211$5,398$3,640
14 years$8,582$7,427$6,408$5,513$4,732$3,076
15 years$7,927$6,785$5,786$4,917$4,166$2,610
16 years$7,354$6,225$5,246$4,403$3,682$2,221
17 years$6,850$5,733$4,773$3,956$3,265$1,895
18 years$6,402$5,298$4,357$3,565$2,903$1,620
19 years$6,002$4,910$3,989$3,221$2,587$1,387
20 years$5,642$4,562$3,661$2,917$2,311$1,190
21 years$5,317$4,250$3,367$2,648$2,068$1,022
22 years$5,021$3,967$3,104$2,407$1,854$879
23 years$4,752$3,710$2,866$2,192$1,664$757
24 years$4,506$3,476$2,650$2,000$1,496$652
25 years$4,280$3,262$2,455$1,826$1,346$562
26 years$4,071$3,066$2,276$1,670$1,212$485
27 years$3,878$2,885$2,114$1,528$1,093$418
28 years$3,700$2,719$1,965$1,400$986$361
29 years$3,534$2,565$1,829$1,284$891$312
30 years$3,379$2,422$1,703$1,179$805$269
31 years$3,235$2,290$1,588$1,082$728$233
32 years$3,099$2,167$1,482$995$658$201
33 years$2,973$2,052$1,383$915$596$174
34 years$2,854$1,945$1,293$842$539$151
35 years$2,742$1,845$1,208$775$488$130
36 years$2,636$1,751$1,131$714$443$113
37 years$2,537$1,663$1,058$657$401$97
38 years$2,443$1,580$991$606$364$84
39 years$2,354$1,503$928$559$330$73
40 years$2,269$1,430$870$515$299$63
41 years$2,189$1,361$816$475$271$55
42 years$2,113$1,296$765$439$246$47
43 years$2,041$1,235$718$405$223$41
44 years$1,972$1,177$674$374$203$35
45 years$1,907$1,123$633$345$184$31
46 years$1,844$1,071$595$319$167$27
47 years$1,785$1,022$559$295$152$23
48 years$1,727$976$525$272$138$20
49 years$1,673$932$493$252$125$17
50 years$1,621$890$464$233$114$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,660,000, adding $2,733 every year, while hoping to spend $57,695 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: 78/5/17 Blend
63$1,660,000$1,660,000$1,660,000$1,660,000
64$1,832,139$1,744,159$1,718,429$1,967,987
65$1,957,630$1,768,236$1,714,609$2,082,077
66$2,093,988$1,791,559$1,708,728$2,199,644
67$2,242,259$1,814,030$1,700,655$2,327,027
68$2,403,597$1,835,544$1,690,254$2,465,188
69$2,579,269$1,855,991$1,677,383$2,615,186
70$2,770,670$1,875,251$1,661,891$2,778,187
71$2,979,336$1,893,196$1,643,622$2,955,478
72$3,206,957$1,909,691$1,622,412$3,148,475
73$3,455,393$1,924,592$1,598,089$3,358,739
74$3,726,691$1,937,745$1,570,473$3,587,991
75$4,023,105$1,948,986$1,539,376$3,838,127
76$4,347,117$1,958,141$1,504,600$4,111,236
77$4,701,458$1,965,025$1,465,939$4,409,620
78$5,089,136$1,969,441$1,423,177$4,735,817
79$5,513,463$1,971,179$1,376,089$5,092,624
80$5,978,086$1,970,017$1,324,438$5,483,122
81$6,487,023$1,965,719$1,267,978$5,910,708
82$7,044,694$1,958,034$1,206,450$6,379,125
83$7,655,972$1,946,697$1,139,586$6,892,500
84$8,326,221$1,931,425$1,067,101$7,455,379
85$9,061,349$1,911,918$988,703$8,072,775
86$9,867,865$1,887,860$904,083$8,750,209
87$10,752,936$1,858,915$812,919$9,493,772
88$11,724,459$1,824,726$714,875$10,310,171
89$12,791,132$1,784,915$609,601$11,206,801
90$13,962,534$1,739,082$496,730$12,191,814
91$15,249,221$1,686,806$375,879$13,274,192
92$16,662,819$1,627,636$246,648$14,463,835
93$18,216,136$1,561,100$108,620$15,771,656
94$19,923,284$1,486,696$0$17,209,681
95$21,799,807$1,403,892$0$18,798,181
96$23,862,833$1,312,129$0$20,566,230
97$26,131,230$1,210,811$0$22,510,294
98$28,625,786$1,099,312$0$24,648,208
99$31,369,406$976,968$0$26,999,624
100$34,387,325$843,079$0$29,586,196