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%15.3%
1 years$142,862$141,589$140,348$139,136$137,953$134,947
2 years$70,724$69,406$68,130$66,892$65,692$62,678
3 years$46,681$45,358$44,085$42,859$41,678$38,751
4 years$34,662$33,343$32,082$30,877$29,725$26,907
5 years$27,452$26,141$24,897$23,717$22,596$19,896
6 years$22,647$21,346$20,121$18,966$17,880$15,300
7 years$19,217$17,927$16,720$15,593$14,541$12,081
8 years$16,645$15,366$14,180$13,081$12,063$9,723
9 years$14,646$13,379$12,213$11,142$10,159$7,937
10 years$13,047$11,793$10,648$9,604$8,656$6,550
11 years$11,740$10,499$9,374$8,359$7,444$5,451
12 years$10,652$9,423$8,319$7,332$6,451$4,568
13 years$9,732$8,516$7,433$6,473$5,626$3,849
14 years$8,943$7,741$6,678$5,746$4,931$3,257
15 years$8,261$7,071$6,030$5,124$4,342$2,767
16 years$7,665$6,488$5,467$4,588$3,837$2,358
17 years$7,139$5,975$4,975$4,123$3,402$2,015
18 years$6,672$5,521$4,541$3,715$3,025$1,725
19 years$6,255$5,117$4,157$3,357$2,697$1,480
20 years$5,880$4,755$3,815$3,040$2,409$1,271
21 years$5,541$4,429$3,509$2,759$2,155$1,094
22 years$5,233$4,134$3,234$2,509$1,932$942
23 years$4,953$3,867$2,986$2,285$1,734$812
24 years$4,696$3,623$2,762$2,084$1,559$701
25 years$4,460$3,400$2,558$1,903$1,403$605
26 years$4,243$3,195$2,372$1,740$1,264$523
27 years$4,042$3,007$2,203$1,593$1,139$452
28 years$3,856$2,834$2,048$1,459$1,028$391
29 years$3,683$2,673$1,906$1,338$928$338
30 years$3,522$2,525$1,775$1,228$839$292
31 years$3,371$2,387$1,655$1,128$758$253
32 years$3,230$2,258$1,544$1,037$686$219
33 years$3,098$2,139$1,442$953$621$190
34 years$2,974$2,027$1,347$877$562$164
35 years$2,858$1,922$1,259$807$509$143
36 years$2,748$1,825$1,178$744$461$123
37 years$2,644$1,733$1,103$685$418$107
38 years$2,546$1,647$1,033$632$379$93
39 years$2,453$1,566$968$582$344$80
40 years$2,365$1,490$907$537$312$70
41 years$2,282$1,418$850$496$283$60
42 years$2,203$1,351$798$457$257$52
43 years$2,127$1,287$748$422$233$45
44 years$2,055$1,227$703$390$211$39
45 years$1,987$1,170$660$360$192$34
46 years$1,922$1,116$620$333$174$30
47 years$1,860$1,065$582$307$158$26
48 years$1,800$1,017$547$284$144$22
49 years$1,743$971$514$262$130$19
50 years$1,689$927$483$242$119$17

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 $4,480 every year, while hoping to spend $50,304 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: 77/13/10 Blend
63$1,730,000$1,730,000$1,730,000$1,730,000
64$1,911,081$1,819,391$1,792,576$2,054,594
65$2,052,488$1,855,018$1,799,104$2,185,249
66$2,206,633$1,890,705$1,804,165$2,321,585
67$2,374,762$1,926,401$1,807,657$2,469,631
68$2,558,245$1,962,053$1,809,471$2,630,532
69$2,758,594$1,997,601$1,809,496$2,805,549
70$2,977,469$2,032,983$1,807,613$2,996,073
71$3,216,701$2,068,129$1,803,698$3,203,633
72$3,478,304$2,102,967$1,797,622$3,429,916
73$3,764,496$2,137,417$1,789,247$3,676,778
74$4,077,719$2,171,394$1,778,430$3,946,266
75$4,420,661$2,204,808$1,765,023$4,240,634
76$4,796,284$2,237,559$1,748,867$4,562,365
77$5,207,850$2,269,544$1,729,799$4,914,195
78$5,658,949$2,300,650$1,707,645$5,299,139
79$6,153,537$2,330,757$1,682,227$5,720,518
80$6,695,970$2,359,737$1,653,354$6,181,992
81$7,291,047$2,387,452$1,620,829$6,687,594
82$7,944,053$2,413,756$1,584,446$7,241,766
83$8,660,808$2,438,492$1,543,987$7,849,406
84$9,447,727$2,461,494$1,499,226$8,515,909
85$10,311,871$2,482,584$1,449,927$9,247,219
86$11,261,024$2,501,572$1,395,841$10,049,889
87$12,303,756$2,518,257$1,336,709$10,931,139
88$13,449,511$2,532,423$1,272,261$11,898,923
89$14,708,693$2,543,844$1,202,213$12,962,011
90$16,092,762$2,552,274$1,126,270$14,130,063
91$17,614,345$2,557,457$1,044,121$15,413,727
92$19,287,354$2,559,118$955,445$16,824,737
93$21,127,114$2,556,965$859,903$18,376,023
94$23,150,512$2,550,689$757,142$20,081,836
95$25,376,153$2,539,961$646,794$21,957,879
96$27,824,533$2,524,432$528,475$24,021,459
97$30,518,239$2,503,733$401,782$26,291,649
98$33,482,155$2,477,471$266,297$28,789,468
99$36,743,698$2,445,230$121,582$31,538,079
100$40,333,079$2,406,570$0$34,563,010