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%13%
1 years$142,862$141,589$140,348$139,136$137,953$136,229
2 years$70,724$69,406$68,130$66,892$65,692$63,957
3 years$46,681$45,358$44,085$42,859$41,678$39,986
4 years$34,662$33,343$32,082$30,877$29,725$28,090
5 years$27,452$26,141$24,897$23,717$22,596$21,022
6 years$22,647$21,346$20,121$18,966$17,880$16,368
7 years$19,217$17,927$16,720$15,593$14,541$13,093
8 years$16,645$15,366$14,180$13,081$12,063$10,679
9 years$14,646$13,379$12,213$11,142$10,159$8,837
10 years$13,047$11,793$10,648$9,604$8,656$7,396
11 years$11,740$10,499$9,374$8,359$7,444$6,245
12 years$10,652$9,423$8,319$7,332$6,451$5,311
13 years$9,732$8,516$7,433$6,473$5,626$4,543
14 years$8,943$7,741$6,678$5,746$4,931$3,905
15 years$8,261$7,071$6,030$5,124$4,342$3,371
16 years$7,665$6,488$5,467$4,588$3,837$2,919
17 years$7,139$5,975$4,975$4,123$3,402$2,535
18 years$6,672$5,521$4,541$3,715$3,025$2,207
19 years$6,255$5,117$4,157$3,357$2,697$1,926
20 years$5,880$4,755$3,815$3,040$2,409$1,683
21 years$5,541$4,429$3,509$2,759$2,155$1,473
22 years$5,233$4,134$3,234$2,509$1,932$1,291
23 years$4,953$3,867$2,986$2,285$1,734$1,133
24 years$4,696$3,623$2,762$2,084$1,559$996
25 years$4,460$3,400$2,558$1,903$1,403$875
26 years$4,243$3,195$2,372$1,740$1,264$770
27 years$4,042$3,007$2,203$1,593$1,139$678
28 years$3,856$2,834$2,048$1,459$1,028$598
29 years$3,683$2,673$1,906$1,338$928$527
30 years$3,522$2,525$1,775$1,228$839$465
31 years$3,371$2,387$1,655$1,128$758$410
32 years$3,230$2,258$1,544$1,037$686$362
33 years$3,098$2,139$1,442$953$621$319
34 years$2,974$2,027$1,347$877$562$282
35 years$2,858$1,922$1,259$807$509$249
36 years$2,748$1,825$1,178$744$461$220
37 years$2,644$1,733$1,103$685$418$195
38 years$2,546$1,647$1,033$632$379$172
39 years$2,453$1,566$968$582$344$152
40 years$2,365$1,490$907$537$312$134
41 years$2,282$1,418$850$496$283$119
42 years$2,203$1,351$798$457$257$105
43 years$2,127$1,287$748$422$233$93
44 years$2,055$1,227$703$390$211$82
45 years$1,987$1,170$660$360$192$73
46 years$1,922$1,116$620$333$174$64
47 years$1,860$1,065$582$307$158$57
48 years$1,800$1,017$547$284$144$50
49 years$1,743$971$514$262$130$45
50 years$1,689$927$483$242$119$39

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 $4,497 every year, while hoping to spend $50,605 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: 48/41/11 Blend
63$1,730,000$1,730,000$1,730,000$1,730,000
64$1,911,099$1,819,409$1,792,594$1,996,858
65$2,052,187$1,854,716$1,798,802$2,091,633
66$2,205,971$1,890,058$1,803,523$2,188,839
67$2,373,691$1,925,382$1,806,652$2,293,231
68$2,556,714$1,960,632$1,808,081$2,405,498
69$2,756,544$1,995,748$1,807,697$2,526,395
70$2,974,837$2,030,665$1,805,380$2,656,756
71$3,213,415$2,065,312$1,801,004$2,797,502
72$3,474,284$2,099,614$1,794,440$2,949,647
73$3,759,655$2,133,489$1,785,547$3,114,309
74$4,071,961$2,166,850$1,774,184$3,292,720
75$4,413,879$2,199,604$1,760,197$3,486,242
76$4,788,360$2,231,651$1,743,429$3,696,372
77$5,198,653$2,262,881$1,723,714$3,924,765
78$5,648,335$2,293,182$1,700,878$4,173,243
79$6,141,346$2,322,429$1,674,738$4,443,818
80$6,682,026$2,350,490$1,645,104$4,738,706
81$7,275,154$2,377,226$1,611,777$5,060,354
82$7,925,996$2,402,486$1,574,548$5,411,458
83$8,640,350$2,426,110$1,533,198$5,794,991
84$9,424,604$2,447,928$1,487,498$6,214,234
85$10,285,795$2,467,758$1,437,210$6,672,803
86$11,231,673$2,485,405$1,382,084$7,174,687
87$12,270,778$2,500,664$1,321,858$7,724,285
88$13,412,516$2,513,315$1,256,259$8,326,446
89$14,667,250$2,523,125$1,185,001$8,986,520
90$16,046,396$2,529,845$1,107,786$9,710,405
91$17,562,533$2,533,212$1,024,301$10,504,606
92$19,229,517$2,532,945$934,220$11,376,294
93$21,062,614$2,528,746$837,204$12,333,379
94$23,078,646$2,520,300$732,895$13,384,583
95$25,296,144$2,507,271$620,923$14,539,520
96$27,735,527$2,489,302$500,900$15,808,796
97$30,419,290$2,466,018$372,420$17,204,101
98$33,372,221$2,437,017$235,059$18,738,328
99$36,621,632$2,401,874$88,378$20,425,689
100$40,197,614$2,360,142$0$22,281,859