Can I retire at age 64 with 1,750,000?

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 $1,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$144,513$143,226$141,970$140,744$139,547$136,730
2 years$71,541$70,209$68,918$67,666$66,451$63,625
3 years$47,220$45,882$44,594$43,354$42,159$39,413
4 years$35,062$33,728$32,453$31,234$30,068$27,422
5 years$27,769$26,443$25,185$23,991$22,858$20,319
6 years$22,909$21,593$20,353$19,186$18,086$15,659
7 years$19,439$18,134$16,914$15,774$14,709$12,393
8 years$16,837$15,544$14,344$13,232$12,203$9,997
9 years$14,815$13,534$12,355$11,271$10,276$8,180
10 years$13,198$11,929$10,771$9,716$8,756$6,767
11 years$11,876$10,620$9,483$8,455$7,530$5,646
12 years$10,775$9,532$8,416$7,417$6,526$4,744
13 years$9,844$8,614$7,519$6,548$5,691$4,008
14 years$9,047$7,830$6,756$5,812$4,988$3,401
15 years$8,357$7,153$6,099$5,184$4,392$2,897
16 years$7,753$6,563$5,530$4,641$3,882$2,476
17 years$7,221$6,044$5,032$4,170$3,442$2,121
18 years$6,749$5,585$4,594$3,758$3,060$1,822
19 years$6,327$5,176$4,205$3,396$2,728$1,567
20 years$5,948$4,810$3,859$3,076$2,436$1,351
21 years$5,605$4,480$3,550$2,791$2,180$1,165
22 years$5,294$4,182$3,272$2,538$1,954$1,007
23 years$5,010$3,911$3,021$2,311$1,754$871
24 years$4,750$3,665$2,794$2,108$1,577$754
25 years$4,512$3,439$2,588$1,925$1,419$653
26 years$4,292$3,232$2,400$1,760$1,278$566
27 years$4,089$3,042$2,229$1,611$1,152$491
28 years$3,900$2,866$2,072$1,476$1,040$426
29 years$3,725$2,704$1,928$1,354$939$369
30 years$3,562$2,554$1,796$1,242$848$321
31 years$3,410$2,414$1,674$1,141$767$279
32 years$3,268$2,284$1,562$1,049$694$242
33 years$3,134$2,163$1,458$964$628$210
34 years$3,009$2,050$1,363$887$568$183
35 years$2,891$1,945$1,274$817$515$159
36 years$2,779$1,846$1,192$752$467$138
37 years$2,674$1,753$1,116$693$423$120
38 years$2,575$1,666$1,045$639$383$104
39 years$2,481$1,584$979$589$348$91
40 years$2,393$1,507$917$543$315$79
41 years$2,308$1,435$860$501$286$69
42 years$2,228$1,366$807$463$260$60
43 years$2,152$1,302$757$427$236$52
44 years$2,079$1,241$711$394$214$45
45 years$2,010$1,183$667$364$194$39
46 years$1,944$1,129$627$336$176$34
47 years$1,881$1,077$589$311$160$30
48 years$1,821$1,028$553$287$145$26
49 years$1,764$982$520$265$132$23
50 years$1,709$938$489$245$120$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,750,000, adding $6,295 every year, while hoping to spend $54,079 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: 27/49/24 Blend
63$1,750,000$1,750,000$1,750,000$1,750,000
64$1,934,993$1,842,243$1,815,118$1,972,504
65$2,074,823$1,874,974$1,818,385$2,035,559
66$2,227,103$1,907,495$1,819,949$2,098,081
67$2,393,046$1,939,741$1,819,695$2,164,078
68$2,573,986$1,971,638$1,817,505$2,233,882
69$2,771,393$2,003,109$1,813,252$2,307,859
70$2,986,884$2,034,070$1,806,805$2,386,413
71$3,222,238$2,064,431$1,798,025$2,469,995
72$3,479,415$2,094,097$1,786,767$2,559,102
73$3,760,573$2,122,965$1,772,881$2,654,286
74$4,068,085$2,150,924$1,756,207$2,756,157
75$4,404,568$2,177,858$1,736,578$2,865,392
76$4,772,900$2,203,639$1,713,819$2,982,740
77$5,176,253$2,228,134$1,687,749$3,109,030
78$5,618,118$2,251,200$1,658,176$3,245,180
79$6,102,341$2,272,684$1,624,900$3,392,206
80$6,633,157$2,292,422$1,587,711$3,551,233
81$7,215,229$2,310,241$1,546,390$3,723,505
82$7,853,696$2,325,957$1,500,708$3,910,399
83$8,554,216$2,339,371$1,450,424$4,113,437
84$9,323,021$2,350,276$1,395,288$4,334,305
85$10,166,977$2,358,447$1,335,038$4,574,866
86$11,093,647$2,363,649$1,269,400$4,837,181
87$12,111,360$2,365,629$1,198,086$5,123,528
88$13,229,294$2,364,120$1,120,797$5,436,425
89$14,457,558$2,358,838$1,037,220$5,778,658
90$15,807,290$2,349,482$947,028$6,153,304
91$17,290,759$2,335,732$849,879$6,563,766
92$18,921,482$2,317,249$745,416$7,013,802
93$20,714,352$2,293,673$633,266$7,507,565
94$22,685,775$2,264,622$513,039$8,049,647
95$24,853,828$2,229,692$384,330$8,645,115
96$27,238,426$2,188,455$246,713$9,299,572
97$29,861,513$2,140,457$99,746$10,019,202
98$32,747,266$2,085,217$0$10,810,839
99$35,922,321$2,022,227$0$11,696,646
100$39,416,028$1,950,947$0$12,698,545