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%15.5%
1 years$146,991$145,681$144,404$143,157$141,940$138,734
2 years$72,768$71,412$70,099$68,826$67,590$64,378
3 years$48,030$46,669$45,359$44,097$42,882$39,763
4 years$35,663$34,307$33,010$31,770$30,584$27,582
5 years$28,246$26,897$25,617$24,402$23,249$20,374
6 years$23,302$21,963$20,702$19,515$18,396$15,650
7 years$19,772$18,445$17,204$16,044$14,961$12,344
8 years$17,126$15,810$14,590$13,459$12,412$9,923
9 years$15,069$13,766$12,566$11,464$10,453$8,090
10 years$13,424$12,134$10,956$9,882$8,906$6,668
11 years$12,079$10,802$9,645$8,600$7,660$5,542
12 years$10,960$9,695$8,560$7,544$6,638$4,638
13 years$10,013$8,762$7,648$6,660$5,788$3,903
14 years$9,202$7,964$6,871$5,912$5,074$3,299
15 years$8,500$7,275$6,204$5,272$4,467$2,798
16 years$7,886$6,675$5,625$4,721$3,948$2,381
17 years$7,345$6,148$5,118$4,242$3,501$2,032
18 years$6,865$5,681$4,672$3,823$3,113$1,737
19 years$6,436$5,265$4,277$3,454$2,774$1,488
20 years$6,050$4,892$3,926$3,128$2,478$1,276
21 years$5,701$4,557$3,611$2,839$2,218$1,096
22 years$5,384$4,254$3,328$2,581$1,988$943
23 years$5,096$3,978$3,073$2,351$1,784$811
24 years$4,832$3,728$2,842$2,144$1,604$699
25 years$4,589$3,498$2,632$1,958$1,443$603
26 years$4,366$3,288$2,441$1,790$1,300$520
27 years$4,159$3,094$2,267$1,639$1,172$449
28 years$3,967$2,916$2,107$1,502$1,058$387
29 years$3,789$2,750$1,961$1,377$955$334
30 years$3,623$2,598$1,827$1,264$863$289
31 years$3,468$2,456$1,703$1,161$780$250
32 years$3,324$2,323$1,589$1,067$706$216
33 years$3,188$2,200$1,483$981$639$187
34 years$3,060$2,085$1,386$902$578$161
35 years$2,940$1,978$1,296$831$524$140
36 years$2,827$1,877$1,212$765$475$121
37 years$2,720$1,783$1,135$705$430$104
38 years$2,619$1,695$1,063$650$390$90
39 years$2,524$1,611$995$599$354$78
40 years$2,434$1,533$933$553$321$68
41 years$2,348$1,459$875$510$291$59
42 years$2,266$1,390$821$471$264$51
43 years$2,189$1,324$770$434$240$44
44 years$2,115$1,262$723$401$217$38
45 years$2,045$1,204$679$370$197$33
46 years$1,978$1,148$638$342$179$28
47 years$1,914$1,096$599$316$163$25
48 years$1,852$1,046$563$292$148$21
49 years$1,794$999$529$270$134$18
50 years$1,738$954$497$250$122$16

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 $5,912 every year, while hoping to spend $40,456 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: 58/33/9 Blend
63$1,780,000$1,780,000$1,780,000$1,780,000
64$1,967,658$1,873,318$1,845,728$2,077,338
65$2,125,314$1,922,066$1,864,515$2,200,578
66$2,297,696$1,971,846$1,882,576$2,329,776
67$2,486,261$2,022,667$1,899,843$2,469,608
68$2,692,618$2,074,536$1,916,245$2,621,097
69$2,918,535$2,127,458$1,931,709$2,785,369
70$3,165,960$2,181,438$1,946,156$2,963,663
71$3,437,039$2,236,480$1,959,504$3,157,346
72$3,734,136$2,292,586$1,971,666$3,367,919
73$4,059,851$2,349,756$1,982,550$3,597,038
74$4,417,052$2,407,990$1,992,061$3,846,526
75$4,808,894$2,467,285$2,000,098$4,118,391
76$5,238,856$2,527,636$2,006,556$4,414,842
77$5,710,766$2,589,038$2,011,323$4,738,316
78$6,228,844$2,651,480$2,014,282$5,091,496
79$6,797,737$2,714,953$2,015,311$5,477,337
80$7,422,564$2,779,444$2,014,282$5,899,094
81$8,108,963$2,844,935$2,011,058$6,360,354
82$8,863,149$2,911,408$2,005,500$6,865,068
83$9,691,964$2,978,841$1,997,459$7,417,589
84$10,602,949$3,047,209$1,986,778$8,022,713
85$11,604,410$3,116,482$1,973,295$8,685,724
86$12,705,499$3,186,629$1,956,839$9,412,446
87$13,916,298$3,257,612$1,937,232$10,209,292
88$15,247,916$3,329,390$1,914,285$11,083,333
89$16,712,592$3,401,919$1,887,802$12,042,356
90$18,323,811$3,475,147$1,857,577$13,094,944
91$20,096,430$3,549,020$1,823,396$14,250,555
92$22,046,819$3,623,475$1,785,033$15,519,609
93$24,193,015$3,698,446$1,742,253$16,913,591
94$26,554,892$3,773,859$1,694,808$18,445,154
95$29,154,347$3,849,635$1,642,440$20,128,243
96$32,015,509$3,925,685$1,584,880$21,978,225
97$35,164,963$4,001,916$1,521,846$24,012,033
98$38,632,003$4,078,224$1,453,042$26,248,329
99$42,448,908$4,154,497$1,378,159$28,707,676
100$46,651,246$4,230,616$1,296,876$31,412,737