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

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$141,210$139,952$138,725$137,527$136,358$132,578
2 years$69,906$68,604$67,342$66,119$64,932$61,152
3 years$46,141$44,834$43,575$42,363$41,196$37,534
4 years$34,261$32,957$31,711$30,520$29,381$25,866
5 years$27,135$25,839$24,609$23,442$22,335$18,976
6 years$22,385$21,099$19,888$18,747$17,673$14,473
7 years$18,994$17,719$16,527$15,413$14,373$11,332
8 years$16,452$15,189$14,016$12,930$11,924$9,040
9 years$14,476$13,225$12,072$11,013$10,041$7,313
10 years$12,896$11,657$10,525$9,493$8,556$5,979
11 years$11,604$10,377$9,266$8,262$7,358$4,929
12 years$10,529$9,314$8,223$7,247$6,377$4,090
13 years$9,619$8,417$7,347$6,398$5,560$3,411
14 years$8,840$7,651$6,601$5,679$4,874$2,858
15 years$8,166$6,989$5,960$5,065$4,292$2,402
16 years$7,576$6,413$5,404$4,535$3,793$2,025
17 years$7,056$5,906$4,917$4,075$3,363$1,712
18 years$6,595$5,457$4,489$3,672$2,990$1,449
19 years$6,182$5,058$4,109$3,318$2,665$1,229
20 years$5,812$4,700$3,771$3,005$2,381$1,044
21 years$5,477$4,378$3,469$2,727$2,131$888
22 years$5,173$4,086$3,197$2,480$1,910$756
23 years$4,895$3,822$2,952$2,258$1,714$644
24 years$4,642$3,581$2,730$2,060$1,541$549
25 years$4,409$3,361$2,529$1,881$1,386$469
26 years$4,194$3,158$2,345$1,720$1,249$400
27 years$3,995$2,972$2,178$1,574$1,126$342
28 years$3,811$2,801$2,024$1,443$1,016$292
29 years$3,640$2,642$1,884$1,323$917$249
30 years$3,481$2,495$1,755$1,214$829$213
31 years$3,332$2,359$1,636$1,115$749$182
32 years$3,193$2,232$1,526$1,025$678$156
33 years$3,062$2,114$1,425$942$614$133
34 years$2,940$2,003$1,332$867$555$114
35 years$2,825$1,900$1,245$798$503$98
36 years$2,716$1,804$1,165$735$456$83
37 years$2,613$1,713$1,090$677$413$71
38 years$2,516$1,628$1,021$624$375$61
39 years$2,425$1,548$956$576$340$52
40 years$2,338$1,473$896$531$308$45
41 years$2,255$1,402$841$490$280$38
42 years$2,177$1,335$788$452$254$33
43 years$2,103$1,272$740$417$230$28
44 years$2,032$1,213$694$385$209$24
45 years$1,964$1,156$652$356$190$21
46 years$1,900$1,103$612$329$172$18
47 years$1,838$1,053$575$304$156$15
48 years$1,780$1,005$541$281$142$13
49 years$1,723$960$508$259$129$11
50 years$1,670$917$478$240$117$9

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 $5,434 every year, while hoping to spend $43,685 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: 57/23/20 Blend
63$1,710,000$1,710,000$1,710,000$1,710,000
64$1,890,025$1,799,395$1,772,890$1,987,370
65$2,036,327$1,841,085$1,785,801$2,095,960
66$2,196,088$1,883,354$1,797,681$2,209,077
67$2,370,634$1,926,183$1,808,449$2,331,391
68$2,561,426$1,969,553$1,818,019$2,463,795
69$2,770,072$2,013,442$1,826,303$2,607,278
70$2,998,342$2,057,823$1,833,207$2,762,924
71$3,248,186$2,102,670$1,838,633$2,931,933
72$3,521,751$2,147,950$1,842,476$3,115,624
73$3,821,400$2,193,630$1,844,630$3,315,450
74$4,149,736$2,239,672$1,844,979$3,533,015
75$4,509,628$2,286,034$1,843,404$3,770,085
76$4,904,232$2,332,672$1,839,780$4,028,606
77$5,337,026$2,379,535$1,833,975$4,310,725
78$5,811,841$2,426,571$1,825,851$4,618,806
79$6,332,895$2,473,720$1,815,264$4,955,455
80$6,904,837$2,520,919$1,802,062$5,323,546
81$7,532,786$2,568,099$1,786,087$5,726,244
82$8,222,381$2,615,186$1,767,171$6,167,040
83$8,979,834$2,662,100$1,745,141$6,649,781
84$9,811,988$2,708,754$1,719,815$7,178,706
85$10,726,382$2,755,055$1,691,000$7,758,490
86$11,731,323$2,800,902$1,658,498$8,394,284
87$12,835,959$2,846,187$1,622,099$9,091,766
88$14,050,371$2,890,795$1,581,584$9,857,195
89$15,385,665$2,934,600$1,536,723$10,697,470
90$16,854,077$2,977,470$1,487,278$11,620,196
91$18,469,088$3,019,261$1,432,997$12,633,754
92$20,245,551$3,059,821$1,373,618$13,747,383
93$22,199,831$3,098,985$1,308,867$14,971,267
94$24,349,958$3,136,580$1,238,459$16,316,630
95$26,715,798$3,172,417$1,162,092$17,795,845
96$29,319,242$3,206,298$1,079,455$19,422,548
97$32,184,408$3,238,010$990,220$21,211,771
98$35,337,871$3,267,326$894,045$23,180,082
99$38,808,913$3,294,004$790,575$25,345,741
100$42,629,798$3,317,786$679,435$27,728,878