Can I retire at age 64 with 1,730,000?

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$142,862$141,589$140,348$139,136$137,953$135,223
2 years$70,724$69,406$68,130$66,892$65,692$62,953
3 years$46,681$45,358$44,085$42,859$41,678$39,015
4 years$34,662$33,343$32,082$30,877$29,725$27,159
5 years$27,452$26,141$24,897$23,717$22,596$20,135
6 years$22,647$21,346$20,121$18,966$17,880$15,526
7 years$19,217$17,927$16,720$15,593$14,541$12,294
8 years$16,645$15,366$14,180$13,081$12,063$9,924
9 years$14,646$13,379$12,213$11,142$10,159$8,125
10 years$13,047$11,793$10,648$9,604$8,656$6,725
11 years$11,740$10,499$9,374$8,359$7,444$5,615
12 years$10,652$9,423$8,319$7,332$6,451$4,720
13 years$9,732$8,516$7,433$6,473$5,626$3,991
14 years$8,943$7,741$6,678$5,746$4,931$3,389
15 years$8,261$7,071$6,030$5,124$4,342$2,889
16 years$7,665$6,488$5,467$4,588$3,837$2,471
17 years$7,139$5,975$4,975$4,123$3,402$2,118
18 years$6,672$5,521$4,541$3,715$3,025$1,820
19 years$6,255$5,117$4,157$3,357$2,697$1,567
20 years$5,880$4,755$3,815$3,040$2,409$1,352
21 years$5,541$4,429$3,509$2,759$2,155$1,167
22 years$5,233$4,134$3,234$2,509$1,932$1,009
23 years$4,953$3,867$2,986$2,285$1,734$873
24 years$4,696$3,623$2,762$2,084$1,559$757
25 years$4,460$3,400$2,558$1,903$1,403$656
26 years$4,243$3,195$2,372$1,740$1,264$569
27 years$4,042$3,007$2,203$1,593$1,139$494
28 years$3,856$2,834$2,048$1,459$1,028$429
29 years$3,683$2,673$1,906$1,338$928$372
30 years$3,522$2,525$1,775$1,228$839$324
31 years$3,371$2,387$1,655$1,128$758$281
32 years$3,230$2,258$1,544$1,037$686$245
33 years$3,098$2,139$1,442$953$621$213
34 years$2,974$2,027$1,347$877$562$185
35 years$2,858$1,922$1,259$807$509$161
36 years$2,748$1,825$1,178$744$461$140
37 years$2,644$1,733$1,103$685$418$122
38 years$2,546$1,647$1,033$632$379$106
39 years$2,453$1,566$968$582$344$92
40 years$2,365$1,490$907$537$312$80
41 years$2,282$1,418$850$496$283$70
42 years$2,203$1,351$798$457$257$61
43 years$2,127$1,287$748$422$233$53
44 years$2,055$1,227$703$390$211$46
45 years$1,987$1,170$660$360$192$40
46 years$1,922$1,116$620$333$174$35
47 years$1,860$1,065$582$307$158$31
48 years$1,800$1,017$547$284$144$27
49 years$1,743$971$514$262$130$23
50 years$1,689$927$483$242$119$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,730,000, adding $3,618 every year, while hoping to spend $34,713 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: 61/17/22 Blend
63$1,730,000$1,730,000$1,730,000$1,730,000
64$1,910,192$1,818,502$1,791,687$2,015,448
65$2,068,097$1,870,674$1,814,774$2,139,317
66$2,240,945$1,924,239$1,837,471$2,270,312
67$2,430,224$1,979,229$1,859,729$2,412,510
68$2,637,571$2,035,676$1,881,494$2,567,004
69$2,864,791$2,093,611$1,902,711$2,735,001
70$3,113,869$2,153,068$1,923,322$2,917,828
71$3,386,996$2,214,081$1,943,265$3,116,950
72$3,686,580$2,276,681$1,962,475$3,333,977
73$4,015,276$2,340,903$1,980,883$3,570,683
74$4,376,007$2,406,781$1,998,416$3,829,025
75$4,771,996$2,474,349$2,014,999$4,111,156
76$5,206,789$2,543,641$2,030,550$4,419,449
77$5,684,294$2,614,692$2,044,986$4,756,518
78$6,208,816$2,687,537$2,058,218$5,125,243
79$6,785,099$2,762,210$2,070,152$5,528,798
80$7,418,367$2,838,746$2,080,690$5,970,677
81$8,114,375$2,917,179$2,089,728$6,454,735
82$8,879,466$2,997,545$2,097,158$6,985,213
83$9,720,624$3,079,878$2,102,865$7,566,791
84$10,645,548$3,164,211$2,106,731$8,204,619
85$11,662,716$3,250,580$2,108,629$8,904,377
86$12,781,472$3,339,017$2,108,427$9,672,321
87$14,012,110$3,429,557$2,105,987$10,515,345
88$15,365,970$3,522,231$2,101,163$11,441,047
89$16,855,551$3,617,072$2,093,804$12,457,797
90$18,494,619$3,714,111$2,083,749$13,574,821
91$20,298,347$3,813,378$2,070,830$14,802,285
92$22,283,449$3,914,904$2,054,873$16,151,390
93$24,468,343$4,018,717$2,035,694$17,634,481
94$26,873,324$4,124,844$2,013,100$19,265,162
95$29,520,753$4,233,311$1,986,889$21,058,423
96$32,435,270$4,344,144$1,956,850$23,030,784
97$35,644,024$4,457,364$1,922,761$25,200,450
98$39,176,933$4,572,993$1,884,392$27,587,483
99$43,066,961$4,691,051$1,841,500$30,213,991
100$47,350,432$4,811,553$1,793,832$33,104,337