Can I retire at age 64 with 1,760,000?

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 $1,760,000?

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$145,339$144,045$142,781$141,549$140,345$137,119
2 years$71,950$70,610$69,311$68,052$66,831$63,599
3 years$47,490$46,144$44,849$43,602$42,400$39,263
4 years$35,263$33,921$32,639$31,413$30,240$27,222
5 years$27,928$26,595$25,329$24,128$22,988$20,097
6 years$23,040$21,716$20,470$19,295$18,190$15,429
7 years$19,550$18,237$17,010$15,864$14,793$12,163
8 years$16,933$15,633$14,426$13,308$12,272$9,772
9 years$14,900$13,611$12,425$11,335$10,335$7,962
10 years$13,273$11,998$10,833$9,771$8,806$6,558
11 years$11,944$10,681$9,537$8,504$7,573$5,448
12 years$10,836$9,586$8,464$7,459$6,563$4,556
13 years$9,900$8,663$7,562$6,585$5,723$3,831
14 years$9,099$7,875$6,794$5,846$5,017$3,236
15 years$8,404$7,194$6,134$5,213$4,417$2,743
16 years$7,797$6,600$5,562$4,668$3,904$2,333
17 years$7,263$6,078$5,061$4,194$3,461$1,989
18 years$6,788$5,617$4,620$3,780$3,078$1,699
19 years$6,363$5,206$4,229$3,415$2,743$1,454
20 years$5,982$4,837$3,881$3,093$2,450$1,246
21 years$5,637$4,506$3,570$2,807$2,193$1,070
22 years$5,324$4,206$3,290$2,552$1,966$919
23 years$5,039$3,934$3,038$2,325$1,764$791
24 years$4,777$3,686$2,810$2,120$1,586$681
25 years$4,538$3,459$2,602$1,936$1,427$586
26 years$4,316$3,251$2,414$1,770$1,285$505
27 years$4,112$3,059$2,241$1,620$1,159$436
28 years$3,923$2,883$2,084$1,485$1,046$376
29 years$3,747$2,720$1,939$1,361$944$324
30 years$3,583$2,568$1,806$1,250$853$280
31 years$3,429$2,428$1,684$1,148$771$242
32 years$3,286$2,297$1,571$1,055$698$209
33 years$3,152$2,176$1,467$970$631$180
34 years$3,026$2,062$1,370$892$572$156
35 years$2,907$1,956$1,281$821$518$135
36 years$2,795$1,856$1,199$757$469$116
37 years$2,690$1,763$1,122$697$425$101
38 years$2,590$1,676$1,051$642$386$87
39 years$2,496$1,593$984$592$350$75
40 years$2,406$1,516$923$546$317$65
41 years$2,321$1,443$865$504$288$56
42 years$2,241$1,374$811$465$261$49
43 years$2,164$1,309$761$429$237$42
44 years$2,091$1,248$715$397$215$36
45 years$2,022$1,190$671$366$195$31
46 years$1,955$1,135$630$338$177$27
47 years$1,892$1,083$592$313$161$24
48 years$1,832$1,034$557$289$146$20
49 years$1,774$988$523$267$133$18
50 years$1,718$944$492$247$121$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,760,000, adding $4,383 every year, while hoping to spend $48,869 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: 85/6/9 Blend
63$1,760,000$1,760,000$1,760,000$1,760,000
64$1,944,041$1,850,761$1,823,481$2,106,662
65$2,090,337$1,889,452$1,832,571$2,252,215
66$2,249,917$1,928,401$1,840,328$2,405,019
67$2,424,085$1,967,569$1,846,656$2,571,372
68$2,614,276$2,006,914$1,851,453$2,752,607
69$2,822,068$2,046,389$1,854,612$2,950,191
70$3,049,201$2,085,944$1,856,024$3,165,740
71$3,297,588$2,125,524$1,855,570$3,401,031
72$3,569,339$2,165,071$1,853,128$3,658,024
73$3,866,773$2,204,521$1,848,569$3,938,878
74$4,192,446$2,243,805$1,841,758$4,245,969
75$4,549,173$2,282,849$1,832,554$4,581,917
76$4,940,052$2,321,572$1,820,809$4,949,605
77$5,368,497$2,359,889$1,806,366$5,352,212
78$5,838,267$2,397,707$1,789,062$5,793,236
79$6,353,503$2,434,926$1,768,728$6,276,536
80$6,918,764$2,471,442$1,745,184$6,806,358
81$7,539,073$2,507,138$1,718,244$7,387,385
82$8,219,964$2,541,893$1,687,710$8,024,772
83$8,967,531$2,575,577$1,653,379$8,724,202
84$9,788,487$2,608,048$1,615,035$9,491,934
85$10,690,229$2,639,158$1,572,455$10,334,866
86$11,680,902$2,668,747$1,525,402$11,260,598
87$12,769,483$2,696,644$1,473,631$12,277,502
88$13,965,858$2,722,667$1,416,886$13,394,807
89$15,280,921$2,746,624$1,354,897$14,622,678
90$16,726,672$2,768,306$1,287,384$15,972,318
91$18,316,334$2,787,494$1,214,053$17,456,071
92$20,064,473$2,803,954$1,134,596$19,087,538
93$21,987,138$2,817,437$1,048,694$20,881,707
94$24,102,012$2,827,677$956,011$22,855,095
95$26,428,577$2,834,392$856,197$25,025,899
96$28,988,298$2,837,284$748,886$27,414,176
97$31,804,827$2,836,034$633,696$30,042,022
98$34,904,224$2,830,303$510,229$32,933,791
99$38,315,201$2,819,734$378,068$36,116,318
100$42,069,396$2,803,946$236,778$39,619,172