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%11%
1 years$139,559$138,316$137,103$135,919$134,763$134,195
2 years$69,088$67,802$66,555$65,346$64,173$63,600
3 years$45,601$44,309$43,065$41,868$40,714$40,153
4 years$33,860$32,572$31,341$30,163$29,037$28,493
5 years$26,817$25,537$24,322$23,168$22,074$21,548
6 years$22,124$20,853$19,655$18,528$17,466$16,959
7 years$18,772$17,512$16,334$15,233$14,205$13,717
8 years$16,260$15,011$13,852$12,778$11,784$11,315
9 years$14,307$13,070$11,931$10,884$9,924$9,474
10 years$12,745$11,520$10,402$9,382$8,456$8,025
11 years$11,469$10,256$9,157$8,166$7,272$6,860
12 years$10,405$9,205$8,127$7,162$6,302$5,908
13 years$9,507$8,319$7,261$6,323$5,495$5,120
14 years$8,737$7,562$6,524$5,613$4,817$4,459
15 years$8,070$6,908$5,890$5,006$4,241$3,900
16 years$7,487$6,338$5,340$4,482$3,749$3,424
17 years$6,974$5,837$4,860$4,027$3,324$3,016
18 years$6,518$5,393$4,436$3,629$2,955$2,663
19 years$6,110$4,999$4,061$3,279$2,634$2,357
20 years$5,744$4,645$3,727$2,970$2,353$2,090
21 years$5,413$4,327$3,428$2,696$2,106$1,857
22 years$5,112$4,039$3,160$2,451$1,887$1,652
23 years$4,838$3,777$2,917$2,232$1,694$1,472
24 years$4,587$3,539$2,698$2,036$1,523$1,313
25 years$4,357$3,321$2,499$1,859$1,370$1,173
26 years$4,145$3,121$2,318$1,700$1,234$1,048
27 years$3,949$2,938$2,152$1,556$1,113$938
28 years$3,767$2,768$2,001$1,426$1,004$840
29 years$3,598$2,611$1,862$1,307$907$752
30 years$3,440$2,466$1,734$1,200$819$674
31 years$3,293$2,331$1,617$1,102$741$605
32 years$3,156$2,206$1,508$1,013$670$543
33 years$3,027$2,089$1,408$931$606$487
34 years$2,905$1,980$1,316$857$549$437
35 years$2,791$1,878$1,230$789$497$393
36 years$2,684$1,782$1,151$726$451$353
37 years$2,583$1,693$1,077$669$408$317
38 years$2,487$1,609$1,009$617$370$285
39 years$2,396$1,530$945$569$336$256
40 years$2,310$1,456$886$525$304$231
41 years$2,229$1,386$831$484$276$207
42 years$2,152$1,320$779$447$251$187
43 years$2,078$1,257$731$412$227$168
44 years$2,008$1,198$686$381$206$151
45 years$1,941$1,143$644$352$187$136
46 years$1,878$1,090$605$325$170$122
47 years$1,817$1,040$569$300$155$110
48 years$1,759$993$534$277$140$99
49 years$1,703$948$502$256$127$89
50 years$1,650$906$472$237$116$80

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 $6,612 every year, while hoping to spend $46,918 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: 87/6/7 Blend
63$1,690,000$1,690,000$1,690,000$1,690,000
64$1,869,200$1,779,630$1,753,435$2,030,298
65$2,009,938$1,816,912$1,762,255$2,173,549
66$2,163,459$1,854,448$1,769,798$2,323,791
67$2,331,017$1,892,201$1,775,971$2,487,411
68$2,513,993$1,930,130$1,780,678$2,665,722
69$2,713,906$1,968,193$1,783,817$2,860,172
70$2,932,431$2,006,340$1,785,281$3,072,355
71$3,171,408$2,044,521$1,784,957$3,304,025
72$3,432,867$2,082,678$1,782,729$3,557,114
73$3,719,042$2,120,751$1,778,472$3,833,753
74$4,032,391$2,158,674$1,772,057$4,136,286
75$4,375,622$2,196,377$1,763,349$4,467,294
76$4,751,719$2,233,783$1,752,205$4,829,623
77$5,163,966$2,270,810$1,738,475$5,226,406
78$5,615,981$2,307,370$1,722,004$5,661,094
79$6,111,747$2,343,368$1,702,628$6,137,491
80$6,655,655$2,378,702$1,680,176$6,659,785
81$7,252,537$2,413,264$1,654,467$7,232,590
82$7,907,718$2,446,936$1,625,314$7,860,992
83$8,627,064$2,479,594$1,592,520$8,550,591
84$9,417,035$2,511,104$1,555,880$9,307,558
85$10,284,748$2,541,324$1,515,177$10,138,693
86$11,238,043$2,570,100$1,470,187$11,051,487
87$12,285,559$2,597,271$1,420,674$12,054,194
88$13,436,811$2,622,661$1,366,391$13,155,909
89$14,702,281$2,646,087$1,307,080$14,366,651
90$16,093,518$2,667,351$1,242,473$15,697,461
91$17,623,248$2,686,241$1,172,286$17,160,507
92$19,305,488$2,702,536$1,096,226$18,769,192
93$21,155,684$2,715,996$1,013,986$20,538,287
94$23,190,852$2,726,368$925,243$22,484,069
95$25,429,742$2,733,383$829,661$24,624,473
96$27,893,011$2,736,755$726,891$26,979,260
97$30,603,421$2,736,179$616,565$29,570,207
98$33,586,051$2,731,332$498,300$32,421,312
99$36,868,533$2,721,872$371,698$35,559,015
100$40,481,314$2,707,435$236,341$39,012,457