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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.1%
1 years$142,862$141,589$140,348$139,136$137,953$133,430
2 years$70,724$69,406$68,130$66,892$65,692$61,178
3 years$46,681$45,358$44,085$42,859$41,678$37,315
4 years$34,662$33,343$32,082$30,877$29,725$25,547
5 years$27,452$26,141$24,897$23,717$22,596$18,614
6 years$22,647$21,346$20,121$18,966$17,880$14,096
7 years$19,217$17,927$16,720$15,593$14,541$10,956
8 years$16,645$15,366$14,180$13,081$12,063$8,674
9 years$14,646$13,379$12,213$11,142$10,159$6,961
10 years$13,047$11,793$10,648$9,604$8,656$5,645
11 years$11,740$10,499$9,374$8,359$7,444$4,614
12 years$10,652$9,423$8,319$7,332$6,451$3,796
13 years$9,732$8,516$7,433$6,473$5,626$3,139
14 years$8,943$7,741$6,678$5,746$4,931$2,606
15 years$8,261$7,071$6,030$5,124$4,342$2,170
16 years$7,665$6,488$5,467$4,588$3,837$1,813
17 years$7,139$5,975$4,975$4,123$3,402$1,518
18 years$6,672$5,521$4,541$3,715$3,025$1,273
19 years$6,255$5,117$4,157$3,357$2,697$1,069
20 years$5,880$4,755$3,815$3,040$2,409$899
21 years$5,541$4,429$3,509$2,759$2,155$757
22 years$5,233$4,134$3,234$2,509$1,932$638
23 years$4,953$3,867$2,986$2,285$1,734$538
24 years$4,696$3,623$2,762$2,084$1,559$454
25 years$4,460$3,400$2,558$1,903$1,403$383
26 years$4,243$3,195$2,372$1,740$1,264$324
27 years$4,042$3,007$2,203$1,593$1,139$274
28 years$3,856$2,834$2,048$1,459$1,028$231
29 years$3,683$2,673$1,906$1,338$928$196
30 years$3,522$2,525$1,775$1,228$839$165
31 years$3,371$2,387$1,655$1,128$758$140
32 years$3,230$2,258$1,544$1,037$686$118
33 years$3,098$2,139$1,442$953$621$100
34 years$2,974$2,027$1,347$877$562$85
35 years$2,858$1,922$1,259$807$509$72
36 years$2,748$1,825$1,178$744$461$61
37 years$2,644$1,733$1,103$685$418$51
38 years$2,546$1,647$1,033$632$379$43
39 years$2,453$1,566$968$582$344$37
40 years$2,365$1,490$907$537$312$31
41 years$2,282$1,418$850$496$283$26
42 years$2,203$1,351$798$457$257$22
43 years$2,127$1,287$748$422$233$19
44 years$2,055$1,227$703$390$211$16
45 years$1,987$1,170$660$360$192$14
46 years$1,922$1,116$620$333$174$11
47 years$1,860$1,065$582$307$158$10
48 years$1,800$1,017$547$284$144$8
49 years$1,743$971$514$262$130$7
50 years$1,689$927$483$242$119$6

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 $3,456 every year, while hoping to spend $23,540 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: 46/42/12 Blend
63$1,730,000$1,730,000$1,730,000$1,730,000
64$1,910,025$1,818,335$1,791,520$1,991,281
65$2,079,801$1,882,387$1,826,489$2,111,947
66$2,266,105$1,948,789$1,861,841$2,240,085
67$2,470,599$2,017,630$1,897,564$2,378,565
68$2,695,111$2,089,005$1,933,644$2,528,356
69$2,941,658$2,163,012$1,970,066$2,690,521
70$3,212,460$2,239,752$2,006,816$2,866,227
71$3,509,962$2,319,331$2,043,875$3,056,760
72$3,836,859$2,401,859$2,081,226$3,263,531
73$4,196,119$2,487,450$2,118,847$3,488,093
74$4,591,012$2,576,225$2,156,718$3,732,153
75$5,025,142$2,668,306$2,194,814$3,997,591
76$5,502,477$2,763,824$2,233,111$4,286,471
77$6,027,390$2,862,912$2,271,581$4,601,067
78$6,604,700$2,965,710$2,310,195$4,943,878
79$7,239,715$3,072,366$2,348,922$5,317,658
80$7,938,283$3,183,029$2,387,729$5,725,432
81$8,706,849$3,297,858$2,426,579$6,170,533
82$9,552,513$3,417,019$2,465,434$6,656,628
83$10,483,098$3,540,681$2,504,255$7,187,753
84$11,507,223$3,669,024$2,542,997$7,768,352
85$12,634,387$3,802,234$2,581,615$8,403,315
86$13,875,055$3,940,504$2,620,059$9,098,026
87$15,240,758$4,084,036$2,658,279$9,858,413
88$16,744,202$4,233,040$2,696,217$10,691,004
89$18,399,387$4,387,735$2,733,817$11,602,984
90$20,221,740$4,548,350$2,771,015$12,602,267
91$22,228,259$4,715,121$2,807,746$13,697,566
92$24,437,677$4,888,297$2,843,941$14,898,477
93$26,870,633$5,068,136$2,879,526$16,215,568
94$29,549,870$5,254,907$2,914,422$17,660,477
95$32,500,449$5,448,891$2,948,548$19,246,021
96$35,749,988$5,650,379$2,981,817$20,986,318
97$39,328,915$5,859,676$3,014,137$22,896,916
98$43,270,765$6,077,101$3,045,411$24,994,942
99$47,612,488$6,302,984$3,075,537$27,299,261
100$52,394,802$6,537,670$3,104,408$29,830,653