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%14.5%
1 years$145,339$144,045$142,781$141,549$140,345$137,737
2 years$71,950$70,610$69,311$68,052$66,831$64,213
3 years$47,490$46,144$44,849$43,602$42,400$39,854
4 years$35,263$33,921$32,639$31,413$30,240$27,785
5 years$27,928$26,595$25,329$24,128$22,988$20,632
6 years$23,040$21,716$20,470$19,295$18,190$15,934
7 years$19,550$18,237$17,010$15,864$14,793$12,639
8 years$16,933$15,633$14,426$13,308$12,272$10,220
9 years$14,900$13,611$12,425$11,335$10,335$8,382
10 years$13,273$11,998$10,833$9,771$8,806$6,951
11 years$11,944$10,681$9,537$8,504$7,573$5,815
12 years$10,836$9,586$8,464$7,459$6,563$4,898
13 years$9,900$8,663$7,562$6,585$5,723$4,149
14 years$9,099$7,875$6,794$5,846$5,017$3,530
15 years$8,404$7,194$6,134$5,213$4,417$3,016
16 years$7,797$6,600$5,562$4,668$3,904$2,585
17 years$7,263$6,078$5,061$4,194$3,461$2,221
18 years$6,788$5,617$4,620$3,780$3,078$1,913
19 years$6,363$5,206$4,229$3,415$2,743$1,650
20 years$5,982$4,837$3,881$3,093$2,450$1,426
21 years$5,637$4,506$3,570$2,807$2,193$1,235
22 years$5,324$4,206$3,290$2,552$1,966$1,070
23 years$5,039$3,934$3,038$2,325$1,764$928
24 years$4,777$3,686$2,810$2,120$1,586$806
25 years$4,538$3,459$2,602$1,936$1,427$700
26 years$4,316$3,251$2,414$1,770$1,285$609
27 years$4,112$3,059$2,241$1,620$1,159$530
28 years$3,923$2,883$2,084$1,485$1,046$461
29 years$3,747$2,720$1,939$1,361$944$402
30 years$3,583$2,568$1,806$1,250$853$350
31 years$3,429$2,428$1,684$1,148$771$305
32 years$3,286$2,297$1,571$1,055$698$266
33 years$3,152$2,176$1,467$970$631$232
34 years$3,026$2,062$1,370$892$572$202
35 years$2,907$1,956$1,281$821$518$176
36 years$2,795$1,856$1,199$757$469$154
37 years$2,690$1,763$1,122$697$425$134
38 years$2,590$1,676$1,051$642$386$117
39 years$2,496$1,593$984$592$350$102
40 years$2,406$1,516$923$546$317$89
41 years$2,321$1,443$865$504$288$78
42 years$2,241$1,374$811$465$261$68
43 years$2,164$1,309$761$429$237$59
44 years$2,091$1,248$715$397$215$52
45 years$2,022$1,190$671$366$195$45
46 years$1,955$1,135$630$338$177$39
47 years$1,892$1,083$592$313$161$34
48 years$1,832$1,034$557$289$146$30
49 years$1,774$988$523$267$133$26
50 years$1,718$944$492$247$121$23

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 $5,857 every year, while hoping to spend $41,696 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: 57/21/22 Blend
63$1,760,000$1,760,000$1,760,000$1,760,000
64$1,945,561$1,852,281$1,825,001$2,044,617
65$2,099,645$1,898,679$1,841,775$2,159,258
66$2,268,047$1,945,953$1,857,713$2,279,182
67$2,452,184$1,994,101$1,872,743$2,408,979
68$2,653,617$2,043,122$1,886,790$2,549,612
69$2,874,062$2,093,011$1,899,773$2,702,141
70$3,115,410$2,143,763$1,911,610$2,867,733
71$3,379,744$2,195,369$1,922,211$3,047,674
72$3,669,357$2,247,822$1,931,484$3,243,382
73$3,986,774$2,301,107$1,939,331$3,456,419
74$4,334,777$2,355,213$1,945,650$3,688,505
75$4,716,429$2,410,123$1,950,334$3,941,536
76$5,135,103$2,465,818$1,953,269$4,217,603
77$5,594,516$2,522,276$1,954,336$4,519,008
78$6,098,762$2,579,472$1,953,412$4,848,289
79$6,652,350$2,637,381$1,950,365$5,208,241
80$7,260,246$2,695,969$1,945,059$5,601,949
81$7,927,923$2,755,203$1,937,350$6,032,808
82$8,661,407$2,815,044$1,927,087$6,504,561
83$9,467,339$2,875,449$1,914,113$7,021,336
84$10,353,034$2,936,372$1,898,262$7,587,678
85$11,326,550$2,997,761$1,879,360$8,208,599
86$12,396,766$3,059,560$1,857,227$8,889,623
87$13,573,465$3,121,707$1,831,672$9,636,837
88$14,867,421$3,184,133$1,802,497$10,456,951
89$16,290,509$3,246,767$1,769,492$11,357,359
90$17,855,811$3,309,528$1,732,439$12,346,212
91$19,577,739$3,372,330$1,691,111$13,432,491
92$21,472,173$3,435,080$1,645,268$14,626,098
93$23,556,612$3,497,675$1,594,661$15,937,945
94$25,850,332$3,560,007$1,539,029$17,380,057
95$28,374,577$3,621,959$1,478,097$18,965,690
96$31,152,752$3,683,402$1,411,581$20,709,453
97$34,210,645$3,744,202$1,339,182$22,627,447
98$37,576,673$3,804,210$1,260,587$24,737,419
99$41,282,147$3,863,270$1,175,470$27,058,927
100$45,361,569$3,921,212$1,083,490$29,613,530