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%16.1%
1 years$142,862$141,589$140,348$139,136$137,953$134,508
2 years$70,724$69,406$68,130$66,892$65,692$62,244
3 years$46,681$45,358$44,085$42,859$41,678$38,333
4 years$34,662$33,343$32,082$30,877$29,725$26,510
5 years$27,452$26,141$24,897$23,717$22,596$19,520
6 years$22,647$21,346$20,121$18,966$17,880$14,945
7 years$19,217$17,927$16,720$15,593$14,541$11,748
8 years$16,645$15,366$14,180$13,081$12,063$9,411
9 years$14,646$13,379$12,213$11,142$10,159$7,645
10 years$13,047$11,793$10,648$9,604$8,656$6,278
11 years$11,740$10,499$9,374$8,359$7,444$5,198
12 years$10,652$9,423$8,319$7,332$6,451$4,333
13 years$9,732$8,516$7,433$6,473$5,626$3,631
14 years$8,943$7,741$6,678$5,746$4,931$3,057
15 years$8,261$7,071$6,030$5,124$4,342$2,582
16 years$7,665$6,488$5,467$4,588$3,837$2,188
17 years$7,139$5,975$4,975$4,123$3,402$1,859
18 years$6,672$5,521$4,541$3,715$3,025$1,582
19 years$6,255$5,117$4,157$3,357$2,697$1,349
20 years$5,880$4,755$3,815$3,040$2,409$1,152
21 years$5,541$4,429$3,509$2,759$2,155$985
22 years$5,233$4,134$3,234$2,509$1,932$843
23 years$4,953$3,867$2,986$2,285$1,734$722
24 years$4,696$3,623$2,762$2,084$1,559$619
25 years$4,460$3,400$2,558$1,903$1,403$531
26 years$4,243$3,195$2,372$1,740$1,264$456
27 years$4,042$3,007$2,203$1,593$1,139$392
28 years$3,856$2,834$2,048$1,459$1,028$336
29 years$3,683$2,673$1,906$1,338$928$289
30 years$3,522$2,525$1,775$1,228$839$249
31 years$3,371$2,387$1,655$1,128$758$214
32 years$3,230$2,258$1,544$1,037$686$184
33 years$3,098$2,139$1,442$953$621$158
34 years$2,974$2,027$1,347$877$562$136
35 years$2,858$1,922$1,259$807$509$117
36 years$2,748$1,825$1,178$744$461$101
37 years$2,644$1,733$1,103$685$418$87
38 years$2,546$1,647$1,033$632$379$75
39 years$2,453$1,566$968$582$344$64
40 years$2,365$1,490$907$537$312$55
41 years$2,282$1,418$850$496$283$48
42 years$2,203$1,351$798$457$257$41
43 years$2,127$1,287$748$422$233$35
44 years$2,055$1,227$703$390$211$30
45 years$1,987$1,170$660$360$192$26
46 years$1,922$1,116$620$333$174$23
47 years$1,860$1,065$582$307$158$19
48 years$1,800$1,017$547$284$144$17
49 years$1,743$971$514$262$130$14
50 years$1,689$927$483$242$119$12

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 $2,982 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: 66/14/20 Blend
63$1,730,000$1,730,000$1,730,000$1,730,000
64$1,909,536$1,817,846$1,791,031$2,025,770
65$2,067,093$1,869,705$1,813,815$2,155,949
66$2,239,549$1,922,933$1,836,190$2,293,916
67$2,428,387$1,977,560$1,858,106$2,443,912
68$2,635,238$2,033,617$1,879,509$2,607,116
69$2,861,902$2,091,133$1,900,342$2,784,830
70$3,110,358$2,150,141$1,920,545$2,978,487
71$3,382,788$2,210,671$1,940,057$3,189,664
72$3,681,593$2,272,755$1,958,810$3,420,099
73$4,009,421$2,336,425$1,976,735$3,671,708
74$4,369,184$2,401,712$1,993,758$3,946,599
75$4,764,093$2,468,649$2,009,801$4,247,097
76$5,197,685$2,537,267$2,024,784$4,575,760
77$5,673,854$2,607,598$2,038,619$4,935,409
78$6,196,892$2,679,675$2,051,218$5,329,152
79$6,771,524$2,753,529$2,062,483$5,760,410
80$7,402,960$2,829,192$2,072,317$6,232,957
81$8,096,936$2,906,696$2,080,613$6,750,947
82$8,859,771$2,986,072$2,087,262$7,318,960
83$9,698,430$3,067,352$2,092,147$7,942,040
84$10,620,583$3,150,565$2,095,147$8,625,748
85$11,634,683$3,235,743$2,096,135$9,376,207
86$12,750,041$3,322,915$2,094,975$10,200,168
87$13,976,917$3,412,109$2,091,529$11,105,068
88$15,326,615$3,503,355$2,085,648$12,099,102
89$16,811,590$3,596,680$2,077,177$13,191,302
90$18,445,564$3,692,110$2,065,955$14,391,620
91$20,243,659$3,789,670$2,051,811$15,711,020
92$22,222,533$3,889,385$2,034,569$17,161,587
93$24,400,545$3,991,278$2,014,040$18,756,638
94$26,797,920$4,095,370$1,990,030$20,510,847
95$29,436,946$4,201,681$1,962,333$22,440,384
96$32,342,179$4,310,229$1,930,737$24,563,070
97$35,540,681$4,421,030$1,895,016$26,898,541
98$39,062,267$4,534,097$1,854,936$29,468,437
99$42,939,793$4,649,442$1,810,251$32,296,606
100$47,209,461$4,767,074$1,760,703$35,409,328