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%14.8%
1 years$137,081$135,860$134,669$133,506$132,371$129,751
2 years$67,862$66,598$65,373$64,186$63,034$60,406
3 years$44,792$43,523$42,301$41,124$39,991$37,436
4 years$33,259$31,994$30,784$29,628$28,522$26,060
5 years$26,341$25,083$23,890$22,757$21,682$19,320
6 years$21,731$20,483$19,306$18,199$17,156$14,897
7 years$18,439$17,201$16,044$14,962$13,953$11,797
8 years$15,971$14,745$13,606$12,552$11,575$9,522
9 years$14,053$12,838$11,719$10,691$9,748$7,796
10 years$12,519$11,316$10,217$9,216$8,306$6,453
11 years$11,265$10,074$8,995$8,021$7,143$5,388
12 years$10,221$9,042$7,983$7,035$6,190$4,529
13 years$9,338$8,171$7,132$6,211$5,398$3,829
14 years$8,582$7,427$6,408$5,513$4,732$3,252
15 years$7,927$6,785$5,786$4,917$4,166$2,772
16 years$7,354$6,225$5,246$4,403$3,682$2,371
17 years$6,850$5,733$4,773$3,956$3,265$2,033
18 years$6,402$5,298$4,357$3,565$2,903$1,747
19 years$6,002$4,910$3,989$3,221$2,587$1,504
20 years$5,642$4,562$3,661$2,917$2,311$1,297
21 years$5,317$4,250$3,367$2,648$2,068$1,120
22 years$5,021$3,967$3,104$2,407$1,854$968
23 years$4,752$3,710$2,866$2,192$1,664$838
24 years$4,506$3,476$2,650$2,000$1,496$726
25 years$4,280$3,262$2,455$1,826$1,346$629
26 years$4,071$3,066$2,276$1,670$1,212$546
27 years$3,878$2,885$2,114$1,528$1,093$474
28 years$3,700$2,719$1,965$1,400$986$411
29 years$3,534$2,565$1,829$1,284$891$357
30 years$3,379$2,422$1,703$1,179$805$311
31 years$3,235$2,290$1,588$1,082$728$270
32 years$3,099$2,167$1,482$995$658$235
33 years$2,973$2,052$1,383$915$596$204
34 years$2,854$1,945$1,293$842$539$178
35 years$2,742$1,845$1,208$775$488$154
36 years$2,636$1,751$1,131$714$443$134
37 years$2,537$1,663$1,058$657$401$117
38 years$2,443$1,580$991$606$364$102
39 years$2,354$1,503$928$559$330$89
40 years$2,269$1,430$870$515$299$77
41 years$2,189$1,361$816$475$271$67
42 years$2,113$1,296$765$439$246$58
43 years$2,041$1,235$718$405$223$51
44 years$1,972$1,177$674$374$203$44
45 years$1,907$1,123$633$345$184$39
46 years$1,844$1,071$595$319$167$34
47 years$1,785$1,022$559$295$152$29
48 years$1,727$976$525$272$138$26
49 years$1,673$932$493$252$125$22
50 years$1,621$890$464$233$114$19

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 $3,037 every year, while hoping to spend $44,006 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: 40/42/18 Blend
63$1,660,000$1,660,000$1,660,000$1,660,000
64$1,832,453$1,744,473$1,718,743$1,895,851
65$1,972,541$1,783,130$1,729,499$1,980,002
66$2,125,443$1,822,206$1,739,140$2,066,511
67$2,292,420$1,861,676$1,747,583$2,159,177
68$2,474,859$1,901,511$1,754,739$2,258,584
69$2,674,289$1,941,678$1,760,517$2,365,373
70$2,892,390$1,982,145$1,764,818$2,480,254
71$3,131,016$2,022,871$1,767,541$2,604,006
72$3,392,204$2,063,817$1,768,579$2,737,491
73$3,678,202$2,104,937$1,767,819$2,881,657
74$3,991,481$2,146,181$1,765,143$3,037,551
75$4,334,765$2,187,497$1,760,428$3,206,328
76$4,711,052$2,228,826$1,753,544$3,389,259
77$5,123,646$2,270,105$1,744,355$3,587,748
78$5,576,185$2,311,267$1,732,718$3,803,342
79$6,072,676$2,352,239$1,718,484$4,037,747
80$6,617,532$2,392,942$1,701,496$4,292,845
81$7,215,614$2,433,290$1,681,590$4,570,712
82$7,872,279$2,473,194$1,658,595$4,873,636
83$8,593,424$2,512,553$1,632,331$5,204,141
84$9,385,549$2,551,264$1,602,610$5,565,009
85$10,255,812$2,589,212$1,569,234$5,959,311
86$11,212,099$2,626,278$1,531,998$6,390,430
87$12,263,098$2,662,331$1,490,685$6,862,100
88$13,418,382$2,697,232$1,445,070$7,378,437
89$14,688,494$2,730,834$1,394,917$7,943,980
90$16,085,053$2,762,978$1,339,980$8,563,734
91$17,620,859$2,793,494$1,279,999$9,243,220
92$19,310,013$2,822,202$1,214,706$9,988,523
93$21,168,054$2,848,909$1,143,818$10,806,357
94$23,212,100$2,873,410$1,067,041$11,704,121
95$25,461,013$2,895,487$984,066$12,689,977
96$27,935,576$2,914,905$894,571$13,772,923
97$30,658,687$2,931,417$798,221$14,962,881
98$33,655,576$2,944,759$694,664$16,270,791
99$36,954,043$2,954,651$583,534$17,708,717
100$40,584,720$2,960,793$464,447$19,289,957