Can I retire at age 64 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$141,210$139,952$138,725$137,527$136,358$131,207
2 years$69,906$68,604$67,342$66,119$64,932$59,803
3 years$46,141$44,834$43,575$42,363$41,196$36,249
4 years$34,261$32,957$31,711$30,520$29,381$24,654
5 years$27,135$25,839$24,609$23,442$22,335$17,841
6 years$22,385$21,099$19,888$18,747$17,673$13,414
7 years$18,994$17,719$16,527$15,413$14,373$10,349
8 years$16,452$15,189$14,016$12,930$11,924$8,130
9 years$14,476$13,225$12,072$11,013$10,041$6,473
10 years$12,896$11,657$10,525$9,493$8,556$5,206
11 years$11,604$10,377$9,266$8,262$7,358$4,220
12 years$10,529$9,314$8,223$7,247$6,377$3,442
13 years$9,619$8,417$7,347$6,398$5,560$2,821
14 years$8,840$7,651$6,601$5,679$4,874$2,321
15 years$8,166$6,989$5,960$5,065$4,292$1,915
16 years$7,576$6,413$5,404$4,535$3,793$1,585
17 years$7,056$5,906$4,917$4,075$3,363$1,314
18 years$6,595$5,457$4,489$3,672$2,990$1,091
19 years$6,182$5,058$4,109$3,318$2,665$908
20 years$5,812$4,700$3,771$3,005$2,381$756
21 years$5,477$4,378$3,469$2,727$2,131$630
22 years$5,173$4,086$3,197$2,480$1,910$525
23 years$4,895$3,822$2,952$2,258$1,714$439
24 years$4,642$3,581$2,730$2,060$1,541$366
25 years$4,409$3,361$2,529$1,881$1,386$306
26 years$4,194$3,158$2,345$1,720$1,249$256
27 years$3,995$2,972$2,178$1,574$1,126$214
28 years$3,811$2,801$2,024$1,443$1,016$179
29 years$3,640$2,642$1,884$1,323$917$150
30 years$3,481$2,495$1,755$1,214$829$125
31 years$3,332$2,359$1,636$1,115$749$105
32 years$3,193$2,232$1,526$1,025$678$88
33 years$3,062$2,114$1,425$942$614$73
34 years$2,940$2,003$1,332$867$555$61
35 years$2,825$1,900$1,245$798$503$51
36 years$2,716$1,804$1,165$735$456$43
37 years$2,613$1,713$1,090$677$413$36
38 years$2,516$1,628$1,021$624$375$30
39 years$2,425$1,548$956$576$340$25
40 years$2,338$1,473$896$531$308$21
41 years$2,255$1,402$841$490$280$18
42 years$2,177$1,335$788$452$254$15
43 years$2,103$1,272$740$417$230$12
44 years$2,032$1,213$694$385$209$10
45 years$1,964$1,156$652$356$190$9
46 years$1,900$1,103$612$329$172$7
47 years$1,838$1,053$575$304$156$6
48 years$1,780$1,005$541$281$142$5
49 years$1,723$960$508$259$129$4
50 years$1,670$917$478$240$117$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,710,000, adding $3,358 every year, while hoping to spend $59,214 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: 34/36/30 Blend
63$1,710,000$1,710,000$1,710,000$1,710,000
64$1,887,884$1,797,254$1,770,749$1,934,872
65$2,017,445$1,822,316$1,767,066$1,995,884
66$2,158,236$1,846,622$1,761,274$2,056,143
67$2,311,341$1,870,071$1,753,242$2,120,001
68$2,477,952$1,892,558$1,742,829$2,187,821
69$2,659,378$1,913,969$1,729,889$2,260,008
70$2,857,063$1,934,182$1,714,269$2,337,007
71$3,072,595$1,953,068$1,695,808$2,419,315
72$3,307,720$1,970,489$1,674,339$2,507,483
73$3,564,362$1,986,297$1,649,684$2,602,121
74$3,844,638$2,000,337$1,621,659$2,703,907
75$4,150,879$2,012,442$1,590,073$2,813,590
76$4,485,650$2,022,433$1,554,722$2,932,004
77$4,851,777$2,030,122$1,515,395$3,060,068
78$5,252,369$2,035,309$1,471,871$3,198,806
79$5,690,851$2,037,779$1,423,919$3,349,347
80$6,170,994$2,037,307$1,371,297$3,512,945
81$6,696,952$2,033,652$1,313,753$3,690,986
82$7,273,298$2,026,558$1,251,020$3,885,005
83$7,905,069$2,015,753$1,182,824$4,096,702
84$8,597,813$2,000,952$1,108,875$4,327,958
85$9,357,638$1,981,847$1,028,871$4,580,852
86$10,191,275$1,958,116$942,496$4,857,688
87$11,106,137$1,929,415$849,421$5,161,009
88$12,110,389$1,895,382$749,302$5,493,633
89$13,213,024$1,855,631$641,779$5,858,672
90$14,423,950$1,809,754$526,477$6,259,568
91$15,754,081$1,757,321$403,002$6,700,126
92$17,215,441$1,697,873$270,946$7,184,551
93$18,821,274$1,630,927$129,881$7,717,492
94$20,586,173$1,555,971$0$8,304,084
95$22,526,213$1,472,464$0$8,956,616
96$24,659,105$1,379,833$0$9,719,540
97$27,004,361$1,277,472$0$10,558,320
98$29,583,479$1,164,742$0$11,480,766
99$32,420,145$1,040,965$0$12,495,497
100$35,540,453$905,426$0$13,612,019