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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.2%
1 years$138,733$137,497$136,291$135,115$133,966$129,007
2 years$68,680$67,401$66,161$64,959$63,793$58,854
3 years$45,332$44,047$42,810$41,620$40,473$35,708
4 years$33,660$32,379$31,155$29,985$28,866$24,311
5 years$26,659$25,386$24,178$23,031$21,943$17,611
6 years$21,993$20,729$19,539$18,418$17,363$13,256
7 years$18,661$17,408$16,237$15,143$14,121$10,238
8 years$16,164$14,922$13,770$12,703$11,714$8,053
9 years$14,222$12,993$11,860$10,820$9,865$6,420
10 years$12,670$11,452$10,340$9,327$8,406$5,170
11 years$11,401$10,195$9,103$8,117$7,229$4,196
12 years$10,344$9,151$8,079$7,120$6,265$3,427
13 years$9,450$8,270$7,218$6,286$5,463$2,812
14 years$8,685$7,517$6,485$5,580$4,789$2,317
15 years$8,022$6,867$5,855$4,976$4,216$1,915
16 years$7,443$6,300$5,309$4,456$3,726$1,587
17 years$6,932$5,802$4,831$4,003$3,304$1,317
18 years$6,479$5,361$4,410$3,608$2,938$1,096
19 years$6,074$4,969$4,037$3,260$2,619$913
20 years$5,710$4,617$3,705$2,953$2,339$761
21 years$5,381$4,301$3,408$2,680$2,093$636
22 years$5,082$4,015$3,141$2,436$1,876$531
23 years$4,810$3,755$2,900$2,219$1,684$444
24 years$4,560$3,518$2,682$2,024$1,514$371
25 years$4,331$3,302$2,484$1,848$1,362$311
26 years$4,120$3,103$2,304$1,690$1,227$260
27 years$3,925$2,920$2,139$1,547$1,106$218
28 years$3,744$2,752$1,989$1,417$998$183
29 years$3,576$2,596$1,851$1,300$901$153
30 years$3,420$2,452$1,724$1,193$814$128
31 years$3,274$2,318$1,607$1,095$736$107
32 years$3,137$2,193$1,500$1,007$666$90
33 years$3,009$2,077$1,400$926$603$76
34 years$2,888$1,968$1,308$852$546$63
35 years$2,775$1,867$1,223$784$494$53
36 years$2,668$1,772$1,144$722$448$45
37 years$2,567$1,683$1,071$665$406$37
38 years$2,472$1,599$1,003$613$368$31
39 years$2,382$1,521$940$565$334$26
40 years$2,297$1,447$881$522$303$22
41 years$2,216$1,377$826$481$275$18
42 years$2,139$1,312$775$444$249$16
43 years$2,066$1,250$727$410$226$13
44 years$1,996$1,191$682$379$205$11
45 years$1,930$1,136$641$350$186$9
46 years$1,866$1,084$602$323$169$8
47 years$1,806$1,034$565$298$154$6
48 years$1,748$987$531$276$140$5
49 years$1,693$943$499$255$127$5
50 years$1,640$901$469$235$115$4

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 $4,635 every year, while hoping to spend $36,446 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: 74/15/11 Blend
63$1,680,000$1,680,000$1,680,000$1,680,000
64$1,856,141$1,767,101$1,741,061$1,989,218
65$2,006,689$1,814,911$1,760,608$2,125,501
66$2,171,372$1,863,842$1,779,589$2,269,759
67$2,351,592$1,913,910$1,797,945$2,426,799
68$2,548,895$1,965,132$1,815,617$2,597,877
69$2,764,982$2,017,524$1,832,540$2,784,375
70$3,001,727$2,071,099$1,848,647$2,987,817
71$3,261,194$2,125,874$1,863,868$3,209,880
72$3,545,655$2,181,861$1,878,127$3,452,410
73$3,857,613$2,239,074$1,891,345$3,717,442
74$4,199,826$2,297,524$1,903,442$4,007,218
75$4,575,330$2,357,224$1,914,328$4,324,204
76$4,987,469$2,418,184$1,923,914$4,671,122
77$5,439,928$2,480,413$1,932,102$5,050,964
78$5,936,766$2,543,918$1,938,793$5,467,032
79$6,482,453$2,608,707$1,943,880$5,922,960
80$7,081,915$2,674,785$1,947,251$6,422,753
81$7,740,577$2,742,156$1,948,790$6,970,823
82$8,464,416$2,810,822$1,948,375$7,572,030
83$9,260,017$2,880,782$1,945,876$8,231,729
84$10,134,634$2,952,037$1,941,159$8,955,823
85$11,096,260$3,024,580$1,934,081$9,750,810
86$12,153,701$3,098,407$1,924,495$10,623,856
87$13,316,658$3,173,508$1,912,245$11,582,851
88$14,595,820$3,249,873$1,897,168$12,636,493
89$16,002,964$3,327,487$1,879,093$13,794,364
90$17,551,065$3,406,332$1,857,842$15,067,022
91$19,254,420$3,486,389$1,833,226$16,466,102
92$21,128,781$3,567,632$1,805,049$18,004,423
93$23,191,505$3,650,035$1,773,107$19,696,112
94$25,461,716$3,733,564$1,737,183$21,556,735
95$27,960,486$3,818,183$1,697,053$23,603,444
96$30,711,033$3,903,851$1,652,482$25,855,141
97$33,738,941$3,990,523$1,603,223$28,332,654
98$37,072,400$4,078,146$1,549,018$31,058,933
99$40,742,473$4,166,663$1,489,598$34,059,271
100$44,783,387$4,256,011$1,424,681$37,361,538