Can I retire at age 64 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$137,907$136,679$135,480$134,310$133,168$130,640
2 years$68,271$66,999$65,767$64,572$63,413$60,876
3 years$45,062$43,785$42,556$41,372$40,232$37,765
4 years$33,460$32,186$30,970$29,806$28,694$26,315
5 years$26,500$25,235$24,034$22,894$21,813$19,530
6 years$21,862$20,606$19,423$18,309$17,260$15,075
7 years$18,550$17,305$16,140$15,052$14,037$11,951
8 years$16,068$14,833$13,688$12,627$11,645$9,658
9 years$14,138$12,915$11,790$10,756$9,807$7,917
10 years$12,595$11,384$10,279$9,271$8,356$6,561
11 years$11,333$10,135$9,049$8,069$7,186$5,485
12 years$10,282$9,096$8,031$7,077$6,227$4,617
13 years$9,394$8,220$7,175$6,248$5,430$3,908
14 years$8,633$7,472$6,447$5,547$4,760$3,324
15 years$7,975$6,826$5,821$4,947$4,191$2,837
16 years$7,399$6,263$5,277$4,429$3,704$2,430
17 years$6,891$5,768$4,802$3,980$3,284$2,086
18 years$6,441$5,330$4,384$3,586$2,920$1,795
19 years$6,038$4,939$4,013$3,241$2,603$1,548
20 years$5,676$4,590$3,683$2,935$2,325$1,337
21 years$5,349$4,275$3,388$2,664$2,081$1,156
22 years$5,052$3,991$3,122$2,422$1,865$1,001
23 years$4,781$3,733$2,883$2,206$1,674$868
24 years$4,533$3,497$2,666$2,012$1,505$753
25 years$4,306$3,282$2,469$1,837$1,354$654
26 years$4,096$3,084$2,290$1,680$1,220$568
27 years$3,902$2,903$2,127$1,538$1,100$494
28 years$3,722$2,735$1,977$1,409$992$429
29 years$3,555$2,580$1,840$1,292$896$374
30 years$3,399$2,437$1,714$1,186$810$325
31 years$3,254$2,304$1,598$1,089$732$283
32 years$3,118$2,180$1,491$1,001$662$247
33 years$2,991$2,064$1,392$920$599$215
34 years$2,871$1,957$1,300$847$542$187
35 years$2,758$1,856$1,216$779$491$163
36 years$2,652$1,761$1,137$718$445$142
37 years$2,552$1,673$1,065$661$403$124
38 years$2,458$1,590$997$610$366$108
39 years$2,368$1,512$934$562$332$94
40 years$2,283$1,438$875$518$301$82
41 years$2,203$1,369$821$478$273$72
42 years$2,126$1,304$770$441$248$63
43 years$2,053$1,242$723$408$225$55
44 years$1,984$1,184$678$376$204$48
45 years$1,918$1,129$637$347$185$42
46 years$1,855$1,077$598$321$168$36
47 years$1,795$1,028$562$297$153$32
48 years$1,738$981$528$274$139$28
49 years$1,683$937$496$253$126$24
50 years$1,631$895$467$234$114$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,670,000, adding $4,214 every year, while hoping to spend $34,712 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: 45/29/26 Blend
63$1,670,000$1,670,000$1,670,000$1,670,000
64$1,844,687$1,756,177$1,730,292$1,913,674
65$1,995,911$1,805,296$1,751,323$2,012,101
66$2,161,398$1,855,659$1,771,896$2,115,095
67$2,342,564$1,907,289$1,791,958$2,226,115
68$2,540,970$1,960,212$1,811,454$2,345,929
69$2,758,338$2,014,451$1,830,326$2,475,380
70$2,996,560$2,070,031$1,848,513$2,615,400
71$3,257,722$2,126,975$1,865,951$2,767,013
72$3,544,121$2,185,308$1,882,572$2,931,347
73$3,858,288$2,245,055$1,898,305$3,109,644
74$4,203,008$2,306,238$1,913,073$3,303,274
75$4,581,352$2,368,880$1,926,798$3,513,746
76$4,996,701$2,433,006$1,939,397$3,742,719
77$5,452,779$2,498,638$1,950,781$3,992,026
78$5,953,689$2,565,797$1,960,858$4,263,682
79$6,503,950$2,634,507$1,969,532$4,559,909
80$7,108,542$2,704,787$1,976,701$4,883,156
81$7,772,950$2,776,658$1,982,257$5,236,120
82$8,503,217$2,850,140$1,986,088$5,621,775
83$9,306,000$2,925,252$1,988,077$6,043,394
84$10,188,634$3,002,011$1,988,099$6,504,589
85$11,159,199$3,080,434$1,986,025$7,009,336
86$12,226,598$3,160,536$1,981,718$7,562,019
87$13,400,641$3,242,332$1,975,035$8,167,468
88$14,692,134$3,325,834$1,965,827$8,831,005
89$16,112,985$3,411,053$1,953,936$9,558,498
90$17,676,314$3,498,000$1,939,197$10,356,412
91$19,396,577$3,586,680$1,921,439$11,231,869
92$21,289,701$3,677,100$1,900,480$12,192,723
93$23,373,235$3,769,263$1,876,131$13,247,627
94$25,666,518$3,863,170$1,848,194$14,406,117
95$28,190,855$3,958,818$1,816,461$15,678,703
96$30,969,725$4,056,203$1,780,715$17,076,968
97$34,028,997$4,155,317$1,740,729$18,613,677
98$37,397,176$4,256,149$1,696,265$20,302,899
99$41,105,672$4,358,684$1,647,074$22,160,139
100$45,189,095$4,462,904$1,592,895$24,202,485