Can I retire at age 64 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$143,688$142,408$141,159$139,940$138,750$135,561
2 years$71,132$69,808$68,524$67,279$66,071$62,876
3 years$46,951$45,620$44,339$43,106$41,918$38,817
4 years$34,862$33,536$32,268$31,056$29,897$26,912
5 years$27,611$26,292$25,041$23,854$22,727$19,868
6 years$22,778$21,470$20,237$19,076$17,983$15,253
7 years$19,328$18,030$16,817$15,683$14,625$12,024
8 years$16,741$15,455$14,262$13,156$12,133$9,661
9 years$14,730$13,457$12,284$11,206$10,218$7,872
10 years$13,122$11,861$10,709$9,660$8,706$6,484
11 years$11,808$10,559$9,428$8,407$7,487$5,386
12 years$10,713$9,478$8,367$7,374$6,488$4,504
13 years$9,788$8,565$7,476$6,510$5,658$3,788
14 years$8,995$7,785$6,717$5,779$4,960$3,199
15 years$8,309$7,112$6,065$5,154$4,367$2,712
16 years$7,709$6,525$5,498$4,615$3,860$2,306
17 years$7,180$6,009$5,003$4,146$3,422$1,966
18 years$6,711$5,553$4,567$3,737$3,043$1,680
19 years$6,291$5,146$4,181$3,376$2,712$1,438
20 years$5,914$4,782$3,837$3,058$2,423$1,232
21 years$5,573$4,455$3,530$2,775$2,168$1,058
22 years$5,263$4,158$3,253$2,523$1,943$909
23 years$4,981$3,889$3,004$2,298$1,744$782
24 years$4,723$3,644$2,778$2,096$1,568$673
25 years$4,486$3,419$2,573$1,914$1,411$580
26 years$4,267$3,214$2,386$1,750$1,271$499
27 years$4,065$3,025$2,216$1,602$1,146$431
28 years$3,878$2,850$2,060$1,468$1,034$372
29 years$3,704$2,689$1,917$1,346$934$321
30 years$3,542$2,539$1,786$1,235$843$277
31 years$3,391$2,400$1,665$1,135$763$239
32 years$3,249$2,271$1,553$1,043$690$206
33 years$3,116$2,151$1,450$959$624$178
34 years$2,991$2,039$1,355$882$565$154
35 years$2,874$1,934$1,267$812$512$133
36 years$2,764$1,835$1,185$748$464$115
37 years$2,659$1,743$1,109$689$420$100
38 years$2,561$1,656$1,039$635$381$86
39 years$2,467$1,575$973$586$346$74
40 years$2,379$1,499$912$540$313$64
41 years$2,295$1,427$855$498$284$56
42 years$2,215$1,359$802$460$258$48
43 years$2,139$1,294$753$425$234$42
44 years$2,067$1,234$707$392$213$36
45 years$1,999$1,177$664$362$193$31
46 years$1,933$1,122$623$334$175$27
47 years$1,871$1,071$585$309$159$23
48 years$1,811$1,023$550$286$145$20
49 years$1,754$977$517$264$131$17
50 years$1,699$933$486$244$119$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,740,000, adding $6,177 every year, while hoping to spend $33,351 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: 78/14/8 Blend
63$1,740,000$1,740,000$1,740,000$1,740,000
64$1,923,852$1,831,632$1,804,662$2,071,301
65$2,084,599$1,885,896$1,829,633$2,223,237
66$2,260,625$1,941,702$1,854,322$2,384,878
67$2,453,453$1,999,090$1,878,686$2,561,170
68$2,664,760$2,058,100$1,902,677$2,753,557
69$2,896,394$2,118,775$1,926,244$2,963,628
70$3,150,388$2,181,157$1,949,336$3,193,136
71$3,428,985$2,245,291$1,971,896$3,444,007
72$3,734,652$2,311,221$1,993,865$3,718,365
73$4,070,109$2,378,993$2,015,182$4,018,549
74$4,438,349$2,448,653$2,035,780$4,347,135
75$4,842,673$2,520,249$2,055,590$4,706,959
76$5,286,713$2,593,829$2,074,540$5,101,147
77$5,774,473$2,669,441$2,092,553$5,533,140
78$6,310,363$2,747,138$2,109,547$6,006,729
79$6,899,241$2,826,968$2,125,437$6,526,092
80$7,546,458$2,908,985$2,140,134$7,095,828
81$8,257,912$2,993,240$2,153,544$7,721,006
82$9,040,099$3,079,788$2,165,567$8,407,211
83$9,900,174$3,168,683$2,176,099$9,160,592
84$10,846,024$3,259,981$2,185,030$9,987,927
85$11,886,335$3,353,737$2,192,246$10,896,682
86$13,030,680$3,450,008$2,197,625$11,895,083
87$14,289,604$3,548,853$2,201,040$12,992,194
88$15,674,727$3,650,330$2,202,358$14,197,999
89$17,198,851$3,754,499$2,201,439$15,523,500
90$18,876,083$3,861,418$2,198,136$16,980,821
91$20,721,965$3,971,149$2,192,295$18,583,316
92$22,753,624$4,083,754$2,183,756$20,345,703
93$24,989,929$4,199,294$2,172,347$22,284,196
94$27,451,674$4,317,832$2,157,893$24,416,665
95$30,161,770$4,439,430$2,140,207$26,762,795
96$33,145,460$4,564,152$2,119,094$29,344,279
97$36,430,564$4,692,062$2,094,351$32,185,023
98$40,047,733$4,823,225$2,065,763$35,311,364
99$44,030,742$4,957,703$2,033,106$38,752,326
100$48,416,810$5,095,563$1,996,147$42,539,890