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%15.5%
1 years$138,733$137,497$136,291$135,115$133,966$130,940
2 years$68,680$67,401$66,161$64,959$63,793$60,761
3 years$45,332$44,047$42,810$41,620$40,473$37,529
4 years$33,660$32,379$31,155$29,985$28,866$26,033
5 years$26,659$25,386$24,178$23,031$21,943$19,229
6 years$21,993$20,729$19,539$18,418$17,363$14,771
7 years$18,661$17,408$16,237$15,143$14,121$11,651
8 years$16,164$14,922$13,770$12,703$11,714$9,366
9 years$14,222$12,993$11,860$10,820$9,865$7,636
10 years$12,670$11,452$10,340$9,327$8,406$6,293
11 years$11,401$10,195$9,103$8,117$7,229$5,231
12 years$10,344$9,151$8,079$7,120$6,265$4,378
13 years$9,450$8,270$7,218$6,286$5,463$3,684
14 years$8,685$7,517$6,485$5,580$4,789$3,113
15 years$8,022$6,867$5,855$4,976$4,216$2,641
16 years$7,443$6,300$5,309$4,456$3,726$2,248
17 years$6,932$5,802$4,831$4,003$3,304$1,917
18 years$6,479$5,361$4,410$3,608$2,938$1,639
19 years$6,074$4,969$4,037$3,260$2,619$1,404
20 years$5,710$4,617$3,705$2,953$2,339$1,204
21 years$5,381$4,301$3,408$2,680$2,093$1,035
22 years$5,082$4,015$3,141$2,436$1,876$890
23 years$4,810$3,755$2,900$2,219$1,684$766
24 years$4,560$3,518$2,682$2,024$1,514$660
25 years$4,331$3,302$2,484$1,848$1,362$569
26 years$4,120$3,103$2,304$1,690$1,227$491
27 years$3,925$2,920$2,139$1,547$1,106$423
28 years$3,744$2,752$1,989$1,417$998$365
29 years$3,576$2,596$1,851$1,300$901$316
30 years$3,420$2,452$1,724$1,193$814$273
31 years$3,274$2,318$1,607$1,095$736$236
32 years$3,137$2,193$1,500$1,007$666$204
33 years$3,009$2,077$1,400$926$603$176
34 years$2,888$1,968$1,308$852$546$152
35 years$2,775$1,867$1,223$784$494$132
36 years$2,668$1,772$1,144$722$448$114
37 years$2,567$1,683$1,071$665$406$99
38 years$2,472$1,599$1,003$613$368$85
39 years$2,382$1,521$940$565$334$74
40 years$2,297$1,447$881$522$303$64
41 years$2,216$1,377$826$481$275$55
42 years$2,139$1,312$775$444$249$48
43 years$2,066$1,250$727$410$226$41
44 years$1,996$1,191$682$379$205$36
45 years$1,930$1,136$641$350$186$31
46 years$1,866$1,084$602$323$169$27
47 years$1,806$1,034$565$298$154$23
48 years$1,748$987$531$276$140$20
49 years$1,693$943$499$255$127$17
50 years$1,640$901$469$235$115$15

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 $2,874 every year, while hoping to spend $34,268 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: 66/21/13 Blend
63$1,680,000$1,680,000$1,680,000$1,680,000
64$1,854,325$1,765,285$1,739,245$1,970,995
65$2,007,005$1,815,323$1,761,048$2,099,226
66$2,174,110$1,866,664$1,782,434$2,235,043
67$2,357,075$1,919,336$1,803,351$2,382,627
68$2,557,480$1,973,368$1,823,748$2,543,129
69$2,777,067$2,028,786$1,843,567$2,717,813
70$3,017,751$2,085,620$1,862,749$2,908,071
71$3,281,643$2,143,897$1,881,233$3,115,437
72$3,571,070$2,203,647$1,898,953$3,341,599
73$3,888,590$2,264,897$1,915,840$3,588,416
74$4,237,026$2,327,677$1,931,820$3,857,938
75$4,619,484$2,392,014$1,946,817$4,152,420
76$5,039,387$2,457,938$1,960,751$4,474,346
77$5,500,504$2,525,477$1,973,536$4,826,454
78$6,006,989$2,594,658$1,985,083$5,211,759
79$6,563,416$2,665,511$1,995,297$5,633,581
80$7,174,826$2,738,063$2,004,081$6,095,579
81$7,846,771$2,812,340$2,011,331$6,601,785
82$8,585,368$2,888,371$2,016,936$7,156,638
83$9,397,355$2,966,182$2,020,784$7,765,030
84$10,290,159$3,045,798$2,022,754$8,432,352
85$11,271,958$3,127,245$2,022,719$9,164,541
86$12,351,765$3,210,547$2,020,547$9,968,140
87$13,539,509$3,295,728$2,016,099$10,850,357
88$14,846,131$3,382,811$2,009,231$11,819,136
89$16,283,685$3,471,817$1,999,788$12,883,228
90$17,865,451$3,562,766$1,987,612$14,052,276
91$19,606,063$3,655,678$1,972,533$15,336,905
92$21,521,646$3,750,571$1,954,377$16,748,822
93$23,629,965$3,847,460$1,932,960$18,300,928
94$25,950,595$3,946,359$1,908,088$20,007,438
95$28,505,106$4,047,281$1,879,559$21,884,015
96$31,317,266$4,150,236$1,847,163$23,947,921
97$34,413,261$4,255,233$1,810,677$26,218,174
98$37,821,950$4,362,275$1,769,871$28,715,734
99$41,575,129$4,471,366$1,724,502$31,463,694
100$45,707,835$4,582,506$1,674,316$34,487,504