Can I retire at age 64 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$139,559$138,316$137,103$135,919$134,763$132,914
2 years$69,088$67,802$66,555$65,346$64,173$62,313
3 years$45,601$44,309$43,065$41,868$40,714$38,901
4 years$33,860$32,572$31,341$30,163$29,037$27,286
5 years$26,817$25,537$24,322$23,168$22,074$20,389
6 years$22,124$20,853$19,655$18,528$17,466$15,850
7 years$18,772$17,512$16,334$15,233$14,205$12,657
8 years$16,260$15,011$13,852$12,778$11,784$10,305
9 years$14,307$13,070$11,931$10,884$9,924$8,513
10 years$12,745$11,520$10,402$9,382$8,456$7,111
11 years$11,469$10,256$9,157$8,166$7,272$5,994
12 years$10,405$9,205$8,127$7,162$6,302$5,088
13 years$9,507$8,319$7,261$6,323$5,495$4,344
14 years$8,737$7,562$6,524$5,613$4,817$3,726
15 years$8,070$6,908$5,890$5,006$4,241$3,209
16 years$7,487$6,338$5,340$4,482$3,749$2,774
17 years$6,974$5,837$4,860$4,027$3,324$2,404
18 years$6,518$5,393$4,436$3,629$2,955$2,088
19 years$6,110$4,999$4,061$3,279$2,634$1,818
20 years$5,744$4,645$3,727$2,970$2,353$1,585
21 years$5,413$4,327$3,428$2,696$2,106$1,385
22 years$5,112$4,039$3,160$2,451$1,887$1,211
23 years$4,838$3,777$2,917$2,232$1,694$1,060
24 years$4,587$3,539$2,698$2,036$1,523$929
25 years$4,357$3,321$2,499$1,859$1,370$815
26 years$4,145$3,121$2,318$1,700$1,234$716
27 years$3,949$2,938$2,152$1,556$1,113$629
28 years$3,767$2,768$2,001$1,426$1,004$553
29 years$3,598$2,611$1,862$1,307$907$486
30 years$3,440$2,466$1,734$1,200$819$427
31 years$3,293$2,331$1,617$1,102$741$376
32 years$3,156$2,206$1,508$1,013$670$331
33 years$3,027$2,089$1,408$931$606$292
34 years$2,905$1,980$1,316$857$549$257
35 years$2,791$1,878$1,230$789$497$226
36 years$2,684$1,782$1,151$726$451$200
37 years$2,583$1,693$1,077$669$408$176
38 years$2,487$1,609$1,009$617$370$155
39 years$2,396$1,530$945$569$336$137
40 years$2,310$1,456$886$525$304$121
41 years$2,229$1,386$831$484$276$106
42 years$2,152$1,320$779$447$251$94
43 years$2,078$1,257$731$412$227$83
44 years$2,008$1,198$686$381$206$73
45 years$1,941$1,143$644$352$187$64
46 years$1,878$1,090$605$325$170$57
47 years$1,817$1,040$569$300$155$50
48 years$1,759$993$534$277$140$44
49 years$1,703$948$502$256$127$39
50 years$1,650$906$472$237$116$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,690,000, adding $2,667 every year, while hoping to spend $43,266 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: 56/33/11 Blend
63$1,690,000$1,690,000$1,690,000$1,690,000
64$1,865,131$1,775,561$1,749,366$1,964,321
65$2,009,340$1,816,529$1,761,935$2,072,681
66$2,166,808$1,858,054$1,773,475$2,185,655
67$2,338,841$1,900,118$1,783,906$2,307,683
68$2,526,880$1,942,700$1,793,143$2,439,635
69$2,732,507$1,985,778$1,801,099$2,582,471
70$2,957,466$2,029,324$1,807,679$2,737,246
71$3,203,677$2,073,311$1,812,786$2,905,126
72$3,473,256$2,117,707$1,816,318$3,087,393
73$3,768,530$2,162,476$1,818,167$3,285,459
74$4,092,063$2,207,581$1,818,219$3,500,881
75$4,446,680$2,252,979$1,816,355$3,735,373
76$4,835,490$2,298,624$1,812,452$3,990,825
77$5,261,919$2,344,466$1,806,378$4,269,319
78$5,729,741$2,390,450$1,797,998$4,573,148
79$6,243,109$2,436,517$1,787,166$4,904,841
80$6,806,603$2,482,603$1,773,732$5,267,183
81$7,425,264$2,528,638$1,757,540$5,663,244
82$8,104,647$2,574,547$1,738,423$6,096,407
83$8,850,870$2,620,249$1,716,210$6,570,401
84$9,670,674$2,665,656$1,690,717$7,089,333
85$10,571,483$2,710,674$1,661,757$7,657,734
86$11,561,479$2,755,202$1,629,131$8,280,592
87$12,649,673$2,799,130$1,592,630$8,963,409
88$13,845,993$2,842,341$1,552,037$9,712,247
89$15,161,380$2,884,711$1,507,125$10,533,788
90$16,607,883$2,926,104$1,457,656$11,435,394
91$18,198,780$2,966,377$1,403,381$12,425,182
92$19,948,702$3,005,375$1,344,040$13,512,097
93$21,873,765$3,042,934$1,279,361$14,705,999
94$23,991,729$3,078,878$1,209,060$16,017,753
95$26,322,161$3,113,018$1,132,839$17,459,337
96$28,886,620$3,145,155$1,050,387$19,043,950
97$31,708,861$3,175,073$961,381$20,786,142
98$34,815,059$3,202,546$865,482$22,701,948
99$38,234,053$3,227,329$762,334$24,809,041
100$41,997,623$3,249,164$651,568$27,126,902