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%20%
1 years$137,081$135,860$134,669$133,506$132,371$127,069
2 years$67,862$66,598$65,373$64,186$63,034$57,758
3 years$44,792$43,523$42,301$41,124$39,991$34,909
4 years$33,259$31,994$30,784$29,628$28,522$23,671
5 years$26,341$25,083$23,890$22,757$21,682$17,075
6 years$21,731$20,483$19,306$18,199$17,156$12,797
7 years$18,439$17,201$16,044$14,962$13,953$9,838
8 years$15,971$14,745$13,606$12,552$11,575$7,702
9 years$14,053$12,838$11,719$10,691$9,748$6,109
10 years$12,519$11,316$10,217$9,216$8,306$4,895
11 years$11,265$10,074$8,995$8,021$7,143$3,952
12 years$10,221$9,042$7,983$7,035$6,190$3,210
13 years$9,338$8,171$7,132$6,211$5,398$2,620
14 years$8,582$7,427$6,408$5,513$4,732$2,147
15 years$7,927$6,785$5,786$4,917$4,166$1,764
16 years$7,354$6,225$5,246$4,403$3,682$1,453
17 years$6,850$5,733$4,773$3,956$3,265$1,200
18 years$6,402$5,298$4,357$3,565$2,903$992
19 years$6,002$4,910$3,989$3,221$2,587$821
20 years$5,642$4,562$3,661$2,917$2,311$681
21 years$5,317$4,250$3,367$2,648$2,068$565
22 years$5,021$3,967$3,104$2,407$1,854$469
23 years$4,752$3,710$2,866$2,192$1,664$389
24 years$4,506$3,476$2,650$2,000$1,496$324
25 years$4,280$3,262$2,455$1,826$1,346$269
26 years$4,071$3,066$2,276$1,670$1,212$224
27 years$3,878$2,885$2,114$1,528$1,093$186
28 years$3,700$2,719$1,965$1,400$986$155
29 years$3,534$2,565$1,829$1,284$891$129
30 years$3,379$2,422$1,703$1,179$805$108
31 years$3,235$2,290$1,588$1,082$728$90
32 years$3,099$2,167$1,482$995$658$75
33 years$2,973$2,052$1,383$915$596$62
34 years$2,854$1,945$1,293$842$539$52
35 years$2,742$1,845$1,208$775$488$43
36 years$2,636$1,751$1,131$714$443$36
37 years$2,537$1,663$1,058$657$401$30
38 years$2,443$1,580$991$606$364$25
39 years$2,354$1,503$928$559$330$21
40 years$2,269$1,430$870$515$299$17
41 years$2,189$1,361$816$475$271$14
42 years$2,113$1,296$765$439$246$12
43 years$2,041$1,235$718$405$223$10
44 years$1,972$1,177$674$374$203$8
45 years$1,907$1,123$633$345$184$7
46 years$1,844$1,071$595$319$167$6
47 years$1,785$1,022$559$295$152$5
48 years$1,727$976$525$272$138$4
49 years$1,673$932$493$252$125$3
50 years$1,621$890$464$233$114$3

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 $4,804 every year, while hoping to spend $23,189 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: 61/24/15 Blend
63$1,660,000$1,660,000$1,660,000$1,660,000
64$1,834,275$1,746,295$1,720,565$1,939,023
65$1,996,698$1,807,191$1,753,531$2,070,990
66$2,174,912$1,870,293$1,786,825$2,211,897
67$2,370,501$1,935,686$1,820,431$2,365,113
68$2,585,213$2,003,456$1,854,337$2,531,830
69$2,820,973$2,073,693$1,888,526$2,713,363
70$3,079,901$2,146,493$1,922,980$2,911,158
71$3,364,332$2,221,952$1,957,680$3,126,807
72$3,676,838$2,300,172$1,992,607$3,362,061
73$4,020,255$2,381,260$2,027,739$3,618,850
74$4,397,704$2,465,324$2,063,051$3,899,296
75$4,812,625$2,552,481$2,098,519$4,205,737
76$5,268,809$2,642,848$2,134,115$4,540,745
77$5,770,430$2,736,550$2,169,811$4,907,155
78$6,322,089$2,833,716$2,205,574$5,308,087
79$6,928,854$2,934,480$2,241,373$5,746,977
80$7,596,309$3,038,982$2,277,171$6,227,607
81$8,330,607$3,147,366$2,312,931$6,754,145
82$9,138,527$3,259,785$2,348,612$7,331,180
83$10,027,538$3,376,396$2,384,172$7,963,766
84$11,005,870$3,497,362$2,419,564$8,657,469
85$12,082,590$3,622,855$2,454,742$9,418,420
86$13,267,691$3,753,052$2,489,652$10,253,373
87$14,572,182$3,888,137$2,524,242$11,169,767
88$16,008,193$4,028,305$2,558,452$12,175,795
89$17,589,091$4,173,754$2,592,223$13,280,486
90$19,329,605$4,324,694$2,625,489$14,493,781
91$21,245,963$4,481,343$2,658,181$15,826,635
92$23,356,049$4,643,927$2,690,228$17,291,115
93$25,679,569$4,812,682$2,721,553$18,900,515
94$28,238,235$4,987,853$2,752,076$20,669,481
95$31,055,975$5,169,698$2,781,710$22,614,148
96$34,159,154$5,358,483$2,810,367$24,752,293
97$37,576,824$5,554,485$2,837,951$27,103,502
98$41,341,000$5,757,994$2,864,362$29,689,352
99$45,486,959$5,969,313$2,889,495$32,533,617
100$50,053,575$6,188,755$2,913,239$35,662,492