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%14.7%
1 years$139,559$138,316$137,103$135,919$134,763$132,150
2 years$69,088$67,802$66,555$65,346$64,173$61,551
3 years$45,601$44,309$43,065$41,868$40,714$38,165
4 years$33,860$32,572$31,341$30,163$29,037$26,581
5 years$26,817$25,537$24,322$23,168$22,074$19,717
6 years$22,124$20,853$19,655$18,528$17,466$15,211
7 years$18,772$17,512$16,334$15,233$14,205$12,052
8 years$16,260$15,011$13,852$12,778$11,784$9,734
9 years$14,307$13,070$11,931$10,884$9,924$7,974
10 years$12,745$11,520$10,402$9,382$8,456$6,605
11 years$11,469$10,256$9,157$8,166$7,272$5,518
12 years$10,405$9,205$8,127$7,162$6,302$4,642
13 years$9,507$8,319$7,261$6,323$5,495$3,927
14 years$8,737$7,562$6,524$5,613$4,817$3,337
15 years$8,070$6,908$5,890$5,006$4,241$2,847
16 years$7,487$6,338$5,340$4,482$3,749$2,436
17 years$6,974$5,837$4,860$4,027$3,324$2,090
18 years$6,518$5,393$4,436$3,629$2,955$1,798
19 years$6,110$4,999$4,061$3,279$2,634$1,549
20 years$5,744$4,645$3,727$2,970$2,353$1,337
21 years$5,413$4,327$3,428$2,696$2,106$1,155
22 years$5,112$4,039$3,160$2,451$1,887$999
23 years$4,838$3,777$2,917$2,232$1,694$866
24 years$4,587$3,539$2,698$2,036$1,523$750
25 years$4,357$3,321$2,499$1,859$1,370$651
26 years$4,145$3,121$2,318$1,700$1,234$565
27 years$3,949$2,938$2,152$1,556$1,113$491
28 years$3,767$2,768$2,001$1,426$1,004$427
29 years$3,598$2,611$1,862$1,307$907$371
30 years$3,440$2,466$1,734$1,200$819$323
31 years$3,293$2,331$1,617$1,102$741$281
32 years$3,156$2,206$1,508$1,013$670$244
33 years$3,027$2,089$1,408$931$606$213
34 years$2,905$1,980$1,316$857$549$185
35 years$2,791$1,878$1,230$789$497$161
36 years$2,684$1,782$1,151$726$451$140
37 years$2,583$1,693$1,077$669$408$122
38 years$2,487$1,609$1,009$617$370$106
39 years$2,396$1,530$945$569$336$93
40 years$2,310$1,456$886$525$304$81
41 years$2,229$1,386$831$484$276$70
42 years$2,152$1,320$779$447$251$61
43 years$2,078$1,257$731$412$227$53
44 years$2,008$1,198$686$381$206$47
45 years$1,941$1,143$644$352$187$41
46 years$1,878$1,090$605$325$170$35
47 years$1,817$1,040$569$300$155$31
48 years$1,759$993$534$277$140$27
49 years$1,703$948$502$256$127$23
50 years$1,650$906$472$237$116$20

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 $4,218 every year, while hoping to spend $27,739 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: 52/26/22 Blend
63$1,690,000$1,690,000$1,690,000$1,690,000
64$1,866,731$1,777,161$1,750,966$1,952,213
65$2,027,623$1,834,728$1,780,109$2,069,215
66$2,203,997$1,894,186$1,809,299$2,193,206
67$2,397,402$1,955,598$1,838,508$2,327,496
68$2,609,545$2,019,030$1,867,706$2,473,074
69$2,842,306$2,084,550$1,896,862$2,631,029
70$3,097,757$2,152,229$1,925,942$2,802,560
71$3,378,178$2,222,137$1,954,910$2,988,985
72$3,686,082$2,294,352$1,983,730$3,191,757
73$4,024,237$2,368,950$2,012,359$3,412,473
74$4,395,692$2,446,011$2,040,756$3,652,893
75$4,803,807$2,525,620$2,068,876$3,914,955
76$5,252,281$2,607,862$2,096,670$4,200,792
77$5,745,193$2,692,826$2,124,087$4,512,752
78$6,287,032$2,780,604$2,151,073$4,853,423
79$6,882,748$2,871,292$2,177,573$5,225,654
80$7,537,791$2,964,989$2,203,525$5,632,580
81$8,258,169$3,061,796$2,228,866$6,077,659
82$9,050,498$3,161,820$2,253,529$6,564,695
83$9,922,069$3,265,170$2,277,442$7,097,880
84$10,880,916$3,371,959$2,300,533$7,681,832
85$11,935,890$3,482,305$2,322,721$8,321,638
86$13,096,742$3,596,329$2,343,923$9,022,899
87$14,374,218$3,714,157$2,364,053$9,791,787
88$15,780,157$3,835,920$2,383,017$10,635,102
89$17,327,604$3,961,752$2,400,720$11,560,335
90$19,030,934$4,091,792$2,417,058$12,575,736
91$20,905,985$4,226,185$2,431,926$13,690,398
92$22,970,209$4,365,082$2,445,208$14,914,336
93$25,242,836$4,508,637$2,456,789$16,258,585
94$27,745,056$4,657,010$2,466,541$17,735,304
95$30,500,216$4,810,368$2,474,335$19,357,887
96$33,534,046$4,968,884$2,480,033$21,141,094
97$36,874,894$5,132,735$2,483,490$23,101,187
98$40,554,001$5,302,106$2,484,554$25,256,082
99$44,605,790$5,477,190$2,483,067$27,625,523
100$49,068,192$5,658,184$2,478,862$30,231,261