Can I retire at age 64 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$142,036$140,771$139,536$138,332$137,155$135,893
2 years$70,315$69,005$67,736$66,506$65,312$64,040
3 years$46,411$45,096$43,830$42,611$41,437$40,194
4 years$34,461$33,150$31,897$30,699$29,553$28,350
5 years$27,293$25,990$24,753$23,580$22,466$21,306
6 years$22,516$21,223$20,004$18,857$17,776$16,661
7 years$19,106$17,823$16,624$15,503$14,457$13,387
8 years$16,549$15,278$14,098$13,005$11,993$10,968
9 years$14,561$13,302$12,143$11,078$10,100$9,119
10 years$12,972$11,725$10,586$9,549$8,606$7,669
11 years$11,672$10,438$9,320$8,310$7,401$6,508
12 years$10,590$9,369$8,271$7,289$6,414$5,563
13 years$9,675$8,466$7,390$6,435$5,593$4,783
14 years$8,892$7,696$6,640$5,713$4,903$4,134
15 years$8,213$7,030$5,995$5,095$4,317$3,587
16 years$7,620$6,450$5,435$4,562$3,815$3,123
17 years$7,098$5,940$4,946$4,099$3,383$2,728
18 years$6,633$5,489$4,515$3,694$3,008$2,389
19 years$6,219$5,087$4,133$3,338$2,681$2,096
20 years$5,846$4,727$3,793$3,023$2,395$1,843
21 years$5,509$4,403$3,489$2,743$2,143$1,623
22 years$5,203$4,110$3,216$2,494$1,921$1,431
23 years$4,924$3,844$2,969$2,272$1,724$1,264
24 years$4,669$3,602$2,746$2,072$1,550$1,117
25 years$4,434$3,380$2,543$1,892$1,395$988
26 years$4,218$3,177$2,359$1,730$1,256$875
27 years$4,019$2,990$2,190$1,584$1,133$776
28 years$3,834$2,817$2,036$1,451$1,022$688
29 years$3,661$2,658$1,895$1,331$923$610
30 years$3,501$2,510$1,765$1,221$834$542
31 years$3,352$2,373$1,645$1,121$754$481
32 years$3,212$2,245$1,535$1,031$682$427
33 years$3,080$2,126$1,433$948$617$380
34 years$2,957$2,015$1,339$872$559$338
35 years$2,841$1,911$1,252$803$506$300
36 years$2,732$1,814$1,171$739$459$267
37 years$2,629$1,723$1,096$681$416$238
38 years$2,531$1,637$1,027$628$377$212
39 years$2,439$1,557$962$579$342$188
40 years$2,352$1,481$902$534$310$168
41 years$2,269$1,410$845$493$281$149
42 years$2,190$1,343$793$455$255$133
43 years$2,115$1,280$744$420$232$118
44 years$2,044$1,220$699$388$210$105
45 years$1,976$1,163$656$358$191$94
46 years$1,911$1,110$616$331$173$84
47 years$1,849$1,059$579$305$157$74
48 years$1,790$1,011$544$282$143$66
49 years$1,733$965$511$261$130$59
50 years$1,679$922$481$241$118$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,720,000, adding $4,894 every year, while hoping to spend $34,977 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: 42/49/9 Blend
63$1,720,000$1,720,000$1,720,000$1,720,000
64$1,900,488$1,809,328$1,782,668$1,975,097
65$2,057,123$1,860,770$1,805,172$2,079,081
66$2,228,562$1,913,560$1,827,258$2,187,701
67$2,416,278$1,967,728$1,848,874$2,304,521
68$2,621,895$2,023,303$1,869,968$2,430,304
69$2,847,197$2,080,314$1,890,481$2,565,885
70$3,094,154$2,138,791$1,910,354$2,712,186
71$3,364,931$2,198,765$1,929,525$2,870,218
72$3,661,915$2,260,266$1,947,925$3,041,097
73$3,987,735$2,323,324$1,965,485$3,226,047
74$4,345,286$2,387,969$1,982,131$3,426,417
75$4,737,758$2,454,232$1,997,785$3,643,693
76$5,168,663$2,522,144$2,012,365$3,879,509
77$5,641,872$2,591,734$2,025,785$4,135,662
78$6,161,648$2,663,034$2,037,953$4,414,134
79$6,732,686$2,736,072$2,048,774$4,717,105
80$7,360,160$2,810,880$2,058,149$5,046,976
81$8,049,770$2,887,487$2,065,970$5,406,389
82$8,807,795$2,965,922$2,072,128$5,798,257
83$9,641,152$3,046,214$2,076,507$6,225,785
84$10,557,462$3,128,392$2,078,983$6,692,504
85$11,565,124$3,212,483$2,079,429$7,202,303
86$12,673,386$3,298,515$2,077,710$7,759,465
87$13,892,444$3,386,514$2,073,685$8,368,708
88$15,233,525$3,476,506$2,067,206$9,035,231
89$16,709,005$3,568,515$2,058,118$9,764,757
90$18,332,516$3,662,564$2,046,257$10,563,595
91$20,119,080$3,758,677$2,031,454$11,438,692
92$22,085,247$3,856,874$2,013,529$12,397,703
93$24,249,256$3,957,173$1,992,295$13,449,062
94$26,631,199$4,059,594$1,967,556$14,602,060
95$29,253,219$4,164,152$1,939,107$15,866,935
96$32,139,713$4,270,861$1,906,733$17,254,965
97$35,317,563$4,379,733$1,870,208$18,778,579
98$38,816,391$4,490,776$1,829,296$20,451,470
99$42,668,838$4,603,999$1,783,752$22,288,726
100$46,910,869$4,719,404$1,733,318$24,306,971