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

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$139,559$138,316$137,103$135,919$134,763$133,411
2 years$69,088$67,802$66,555$65,346$64,173$62,811
3 years$45,601$44,309$43,065$41,868$40,714$39,385
4 years$33,860$32,572$31,341$30,163$29,037$27,751
5 years$26,817$25,537$24,322$23,168$22,074$20,834
6 years$22,124$20,853$19,655$18,528$17,466$16,274
7 years$18,772$17,512$16,334$15,233$14,205$13,062
8 years$16,260$15,011$13,852$12,778$11,784$10,689
9 years$14,307$13,070$11,931$10,884$9,924$8,877
10 years$12,745$11,520$10,402$9,382$8,456$7,457
11 years$11,469$10,256$9,157$8,166$7,272$6,320
12 years$10,405$9,205$8,127$7,162$6,302$5,395
13 years$9,507$8,319$7,261$6,323$5,495$4,633
14 years$8,737$7,562$6,524$5,613$4,817$3,999
15 years$8,070$6,908$5,890$5,006$4,241$3,465
16 years$7,487$6,338$5,340$4,482$3,749$3,013
17 years$6,974$5,837$4,860$4,027$3,324$2,628
18 years$6,518$5,393$4,436$3,629$2,955$2,298
19 years$6,110$4,999$4,061$3,279$2,634$2,013
20 years$5,744$4,645$3,727$2,970$2,353$1,768
21 years$5,413$4,327$3,428$2,696$2,106$1,554
22 years$5,112$4,039$3,160$2,451$1,887$1,369
23 years$4,838$3,777$2,917$2,232$1,694$1,207
24 years$4,587$3,539$2,698$2,036$1,523$1,065
25 years$4,357$3,321$2,499$1,859$1,370$941
26 years$4,145$3,121$2,318$1,700$1,234$832
27 years$3,949$2,938$2,152$1,556$1,113$736
28 years$3,767$2,768$2,001$1,426$1,004$652
29 years$3,598$2,611$1,862$1,307$907$577
30 years$3,440$2,466$1,734$1,200$819$512
31 years$3,293$2,331$1,617$1,102$741$454
32 years$3,156$2,206$1,508$1,013$670$402
33 years$3,027$2,089$1,408$931$606$357
34 years$2,905$1,980$1,316$857$549$317
35 years$2,791$1,878$1,230$789$497$281
36 years$2,684$1,782$1,151$726$451$250
37 years$2,583$1,693$1,077$669$408$222
38 years$2,487$1,609$1,009$617$370$197
39 years$2,396$1,530$945$569$336$175
40 years$2,310$1,456$886$525$304$156
41 years$2,229$1,386$831$484$276$138
42 years$2,152$1,320$779$447$251$123
43 years$2,078$1,257$731$412$227$109
44 years$2,008$1,198$686$381$206$97
45 years$1,941$1,143$644$352$187$86
46 years$1,878$1,090$605$325$170$77
47 years$1,817$1,040$569$300$155$68
48 years$1,759$993$534$277$140$61
49 years$1,703$948$502$256$127$54
50 years$1,650$906$472$237$116$48

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 $2,571 every year, while hoping to spend $40,471 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: 49/21/30 Blend
63$1,690,000$1,690,000$1,690,000$1,690,000
64$1,865,032$1,775,462$1,749,267$1,940,370
65$2,012,204$1,819,399$1,764,807$2,037,552
66$2,173,032$1,864,132$1,779,510$2,138,904
67$2,348,865$1,909,658$1,793,308$2,248,255
68$2,541,190$1,955,972$1,806,124$2,366,385
69$2,751,643$2,003,066$1,817,881$2,494,149
70$2,982,026$2,050,933$1,828,496$2,632,496
71$3,234,325$2,099,560$1,837,883$2,782,466
72$3,510,725$2,148,937$1,845,950$2,945,210
73$3,813,632$2,199,048$1,852,602$3,121,993
74$4,145,697$2,249,876$1,857,739$3,314,214
75$4,509,839$2,301,402$1,861,255$3,523,410
76$4,909,275$2,353,602$1,863,039$3,751,280
77$5,347,545$2,406,453$1,862,975$3,999,693
78$5,828,550$2,459,925$1,860,941$4,270,714
79$6,356,589$2,513,987$1,856,808$4,566,615
80$6,936,393$2,568,605$1,850,443$4,889,903
81$7,573,177$2,623,739$1,841,705$5,243,342
82$8,272,685$2,679,346$1,830,447$5,629,978
83$9,041,246$2,735,380$1,816,513$6,053,170
84$9,885,828$2,791,790$1,799,742$6,516,621
85$10,814,113$2,848,518$1,779,964$7,024,413
86$11,834,561$2,905,504$1,757,001$7,581,046
87$12,956,493$2,962,680$1,730,667$8,191,480
88$14,190,178$3,019,974$1,700,767$8,861,185
89$15,546,932$3,077,308$1,667,098$9,596,190
90$17,039,218$3,134,596$1,629,445$10,403,142
91$18,680,773$3,191,745$1,587,586$11,289,367
92$20,486,728$3,248,657$1,541,287$12,262,942
93$22,473,757$3,305,224$1,490,302$13,332,771
94$24,660,230$3,361,330$1,434,378$14,508,671
95$27,066,390$3,416,851$1,373,245$15,801,460
96$29,714,538$3,471,654$1,306,626$17,223,066
97$32,629,250$3,525,594$1,234,227$18,786,637
98$35,837,603$3,578,517$1,155,743$20,506,665
99$39,369,433$3,630,260$1,070,855$22,399,127
100$43,257,617$3,680,644$979,230$24,481,633