Can I retire at age 64 with 1,780,000?

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$146,991$145,681$144,404$143,157$141,940$139,188
2 years$72,768$71,412$70,099$68,826$67,590$64,829
3 years$48,030$46,669$45,359$44,097$42,882$40,197
4 years$35,663$34,307$33,010$31,770$30,584$27,996
5 years$28,246$26,897$25,617$24,402$23,249$20,767
6 years$23,302$21,963$20,702$19,515$18,396$16,021
7 years$19,772$18,445$17,204$16,044$14,961$12,694
8 years$17,126$15,810$14,590$13,459$12,412$10,252
9 years$15,069$13,766$12,566$11,464$10,453$8,399
10 years$13,424$12,134$10,956$9,882$8,906$6,956
11 years$12,079$10,802$9,645$8,600$7,660$5,812
12 years$10,960$9,695$8,560$7,544$6,638$4,889
13 years$10,013$8,762$7,648$6,660$5,788$4,136
14 years$9,202$7,964$6,871$5,912$5,074$3,515
15 years$8,500$7,275$6,204$5,272$4,467$2,998
16 years$7,886$6,675$5,625$4,721$3,948$2,566
17 years$7,345$6,148$5,118$4,242$3,501$2,202
18 years$6,865$5,681$4,672$3,823$3,113$1,893
19 years$6,436$5,265$4,277$3,454$2,774$1,631
20 years$6,050$4,892$3,926$3,128$2,478$1,408
21 years$5,701$4,557$3,611$2,839$2,218$1,217
22 years$5,384$4,254$3,328$2,581$1,988$1,053
23 years$5,096$3,978$3,073$2,351$1,784$912
24 years$4,832$3,728$2,842$2,144$1,604$790
25 years$4,589$3,498$2,632$1,958$1,443$686
26 years$4,366$3,288$2,441$1,790$1,300$595
27 years$4,159$3,094$2,267$1,639$1,172$517
28 years$3,967$2,916$2,107$1,502$1,058$449
29 years$3,789$2,750$1,961$1,377$955$391
30 years$3,623$2,598$1,827$1,264$863$340
31 years$3,468$2,456$1,703$1,161$780$296
32 years$3,324$2,323$1,589$1,067$706$257
33 years$3,188$2,200$1,483$981$639$224
34 years$3,060$2,085$1,386$902$578$195
35 years$2,940$1,978$1,296$831$524$170
36 years$2,827$1,877$1,212$765$475$148
37 years$2,720$1,783$1,135$705$430$129
38 years$2,619$1,695$1,063$650$390$112
39 years$2,524$1,611$995$599$354$98
40 years$2,434$1,533$933$553$321$85
41 years$2,348$1,459$875$510$291$74
42 years$2,266$1,390$821$471$264$65
43 years$2,189$1,324$770$434$240$56
44 years$2,115$1,262$723$401$217$49
45 years$2,045$1,204$679$370$197$43
46 years$1,978$1,148$638$342$179$37
47 years$1,914$1,096$599$316$163$33
48 years$1,852$1,046$563$292$148$28
49 years$1,794$999$529$270$134$25
50 years$1,738$954$497$250$122$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,780,000, adding $2,631 every year, while hoping to spend $29,766 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: 80/9/11 Blend
63$1,780,000$1,780,000$1,780,000$1,780,000
64$1,964,274$1,869,934$1,842,344$2,117,448
65$2,132,959$1,929,890$1,872,392$2,278,321
66$2,317,852$1,991,786$1,902,448$2,450,673
67$2,520,576$2,055,686$1,932,483$2,638,934
68$2,742,916$2,121,656$1,962,462$2,844,680
69$2,986,839$2,189,763$1,992,351$3,069,649
70$3,254,514$2,260,078$2,022,111$3,315,754
71$3,548,326$2,332,674$2,051,704$3,585,101
72$3,870,905$2,407,625$2,081,086$3,880,011
73$4,225,148$2,485,009$2,110,213$4,203,040
74$4,614,245$2,564,907$2,139,037$4,557,003
75$5,041,711$2,647,400$2,167,508$4,945,000
76$5,511,419$2,732,576$2,195,572$5,370,448
77$6,027,633$2,820,521$2,223,173$5,837,109
78$6,595,053$2,911,329$2,250,252$6,349,129
79$7,218,858$3,005,093$2,276,744$6,911,073
80$7,904,751$3,101,912$2,302,584$7,527,972
81$8,659,016$3,201,886$2,327,701$8,205,369
82$9,488,577$3,305,120$2,352,021$8,949,368
83$10,401,063$3,411,723$2,375,465$9,766,697
84$11,404,880$3,521,805$2,397,952$10,664,768
85$12,509,287$3,635,483$2,419,393$11,651,745
86$13,724,489$3,752,877$2,439,697$12,736,625
87$15,061,729$3,874,109$2,458,768$13,929,320
88$16,533,392$3,999,308$2,476,504$15,240,752
89$18,153,130$4,128,605$2,492,799$16,682,955
90$19,935,981$4,262,138$2,507,539$18,269,187
91$21,898,516$4,400,048$2,520,607$20,014,058
92$24,058,995$4,542,481$2,531,878$21,933,665
93$26,437,539$4,689,589$2,541,222$24,045,747
94$29,056,316$4,841,527$2,548,501$26,369,846
95$31,939,757$4,998,459$2,553,572$28,927,500
96$35,114,779$5,160,550$2,556,284$31,742,437
97$38,611,044$5,327,974$2,556,477$34,840,807
98$42,461,236$5,500,911$2,553,985$38,251,422
99$46,701,372$5,679,545$2,548,633$42,006,031
100$51,371,138$5,864,069$2,540,238$46,139,620