Can I retire at age 64 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$138,733$137,497$136,291$135,115$133,966$132,622
2 years$68,680$67,401$66,161$64,959$63,793$62,440
3 years$45,332$44,047$42,810$41,620$40,473$39,152
4 years$33,660$32,379$31,155$29,985$28,866$27,587
5 years$26,659$25,386$24,178$23,031$21,943$20,711
6 years$21,993$20,729$19,539$18,418$17,363$16,178
7 years$18,661$17,408$16,237$15,143$14,121$12,984
8 years$16,164$14,922$13,770$12,703$11,714$10,626
9 years$14,222$12,993$11,860$10,820$9,865$8,825
10 years$12,670$11,452$10,340$9,327$8,406$7,412
11 years$11,401$10,195$9,103$8,117$7,229$6,282
12 years$10,344$9,151$8,079$7,120$6,265$5,363
13 years$9,450$8,270$7,218$6,286$5,463$4,606
14 years$8,685$7,517$6,485$5,580$4,789$3,975
15 years$8,022$6,867$5,855$4,976$4,216$3,445
16 years$7,443$6,300$5,309$4,456$3,726$2,995
17 years$6,932$5,802$4,831$4,003$3,304$2,612
18 years$6,479$5,361$4,410$3,608$2,938$2,284
19 years$6,074$4,969$4,037$3,260$2,619$2,002
20 years$5,710$4,617$3,705$2,953$2,339$1,757
21 years$5,381$4,301$3,408$2,680$2,093$1,545
22 years$5,082$4,015$3,141$2,436$1,876$1,360
23 years$4,810$3,755$2,900$2,219$1,684$1,199
24 years$4,560$3,518$2,682$2,024$1,514$1,059
25 years$4,331$3,302$2,484$1,848$1,362$935
26 years$4,120$3,103$2,304$1,690$1,227$827
27 years$3,925$2,920$2,139$1,547$1,106$732
28 years$3,744$2,752$1,989$1,417$998$648
29 years$3,576$2,596$1,851$1,300$901$574
30 years$3,420$2,452$1,724$1,193$814$508
31 years$3,274$2,318$1,607$1,095$736$451
32 years$3,137$2,193$1,500$1,007$666$400
33 years$3,009$2,077$1,400$926$603$355
34 years$2,888$1,968$1,308$852$546$315
35 years$2,775$1,867$1,223$784$494$280
36 years$2,668$1,772$1,144$722$448$248
37 years$2,567$1,683$1,071$665$406$221
38 years$2,472$1,599$1,003$613$368$196
39 years$2,382$1,521$940$565$334$174
40 years$2,297$1,447$881$522$303$155
41 years$2,216$1,377$826$481$275$137
42 years$2,139$1,312$775$444$249$122
43 years$2,066$1,250$727$410$226$109
44 years$1,996$1,191$682$379$205$97
45 years$1,930$1,136$641$350$186$86
46 years$1,866$1,084$602$323$169$76
47 years$1,806$1,034$565$298$154$68
48 years$1,748$987$531$276$140$60
49 years$1,693$943$499$255$127$54
50 years$1,640$901$469$235$115$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,680,000, adding $3,246 every year, while hoping to spend $25,392 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: 40/48/12 Blend
63$1,680,000$1,680,000$1,680,000$1,680,000
64$1,854,708$1,765,668$1,739,628$1,922,125
65$2,016,872$1,825,169$1,770,889$2,029,518
66$2,194,725$1,886,734$1,802,346$2,142,875
67$2,389,841$1,950,439$1,833,979$2,264,941
68$2,603,953$2,016,359$1,865,766$2,396,518
69$2,838,971$2,084,575$1,897,683$2,538,485
70$3,096,998$2,155,171$1,929,707$2,691,806
71$3,380,349$2,228,232$1,961,810$2,857,545
72$3,691,577$2,303,847$1,993,963$3,036,866
73$4,033,493$2,382,111$2,026,136$3,231,052
74$4,409,193$2,463,119$2,058,296$3,441,513
75$4,822,090$2,546,971$2,090,408$3,669,798
76$5,275,942$2,633,771$2,122,435$3,917,613
77$5,774,890$2,723,628$2,154,339$4,186,833
78$6,323,496$2,816,653$2,186,076$4,479,518
79$6,926,786$2,912,962$2,217,603$4,797,939
80$7,590,298$3,012,677$2,248,872$5,144,592
81$8,320,133$3,115,923$2,279,834$5,522,222
82$9,123,013$3,222,829$2,310,435$5,933,852
83$10,006,345$3,333,533$2,340,620$6,382,808
84$10,978,290$3,448,174$2,370,328$6,872,751
85$12,047,839$3,566,898$2,399,497$7,407,711
86$13,224,900$3,689,856$2,428,062$7,992,122
87$14,520,388$3,817,208$2,455,950$8,630,868
88$15,946,333$3,949,116$2,483,090$9,329,323
89$17,515,987$4,085,751$2,509,401$10,093,407
90$19,243,954$4,227,290$2,534,803$10,929,635
91$21,146,326$4,373,916$2,559,208$11,845,183
92$23,240,834$4,525,820$2,582,524$12,847,951
93$25,547,016$4,683,202$2,604,655$13,946,640
94$28,086,400$4,846,268$2,625,500$15,150,831
95$30,882,710$5,015,231$2,644,950$16,471,076
96$33,962,085$5,190,316$2,662,895$17,918,996
97$37,353,330$5,371,755$2,679,215$19,507,391
98$41,088,187$5,559,788$2,693,785$21,250,358
99$45,201,631$5,754,666$2,706,476$23,163,425
100$49,732,203$5,956,650$2,717,149$25,263,695