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%16%
1 years$146,991$145,681$144,404$143,157$141,940$138,452
2 years$72,768$71,412$70,099$68,826$67,590$64,098
3 years$48,030$46,669$45,359$44,097$42,882$39,495
4 years$35,663$34,307$33,010$31,770$30,584$27,327
5 years$28,246$26,897$25,617$24,402$23,249$20,132
6 years$23,302$21,963$20,702$19,515$18,396$15,422
7 years$19,772$18,445$17,204$16,044$14,961$12,130
8 years$17,126$15,810$14,590$13,459$12,412$9,723
9 years$15,069$13,766$12,566$11,464$10,453$7,903
10 years$13,424$12,134$10,956$9,882$8,906$6,494
11 years$12,079$10,802$9,645$8,600$7,660$5,380
12 years$10,960$9,695$8,560$7,544$6,638$4,488
13 years$10,013$8,762$7,648$6,660$5,788$3,764
14 years$9,202$7,964$6,871$5,912$5,074$3,170
15 years$8,500$7,275$6,204$5,272$4,467$2,680
16 years$7,886$6,675$5,625$4,721$3,948$2,273
17 years$7,345$6,148$5,118$4,242$3,501$1,932
18 years$6,865$5,681$4,672$3,823$3,113$1,645
19 years$6,436$5,265$4,277$3,454$2,774$1,404
20 years$6,050$4,892$3,926$3,128$2,478$1,200
21 years$5,701$4,557$3,611$2,839$2,218$1,027
22 years$5,384$4,254$3,328$2,581$1,988$880
23 years$5,096$3,978$3,073$2,351$1,784$754
24 years$4,832$3,728$2,842$2,144$1,604$647
25 years$4,589$3,498$2,632$1,958$1,443$556
26 years$4,366$3,288$2,441$1,790$1,300$477
27 years$4,159$3,094$2,267$1,639$1,172$410
28 years$3,967$2,916$2,107$1,502$1,058$353
29 years$3,789$2,750$1,961$1,377$955$303
30 years$3,623$2,598$1,827$1,264$863$261
31 years$3,468$2,456$1,703$1,161$780$225
32 years$3,324$2,323$1,589$1,067$706$193
33 years$3,188$2,200$1,483$981$639$167
34 years$3,060$2,085$1,386$902$578$143
35 years$2,940$1,978$1,296$831$524$124
36 years$2,827$1,877$1,212$765$475$106
37 years$2,720$1,783$1,135$705$430$92
38 years$2,619$1,695$1,063$650$390$79
39 years$2,524$1,611$995$599$354$68
40 years$2,434$1,533$933$553$321$59
41 years$2,348$1,459$875$510$291$51
42 years$2,266$1,390$821$471$264$44
43 years$2,189$1,324$770$434$240$38
44 years$2,115$1,262$723$401$217$32
45 years$2,045$1,204$679$370$197$28
46 years$1,978$1,148$638$342$179$24
47 years$1,914$1,096$599$316$163$21
48 years$1,852$1,046$563$292$148$18
49 years$1,794$999$529$270$134$15
50 years$1,738$954$497$250$122$13

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 $6,067 every year, while hoping to spend $23,424 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: 71/13/16 Blend
63$1,780,000$1,780,000$1,780,000$1,780,000
64$1,967,818$1,873,478$1,845,888$2,099,856
65$2,143,613$1,940,356$1,882,802$2,255,249
66$2,336,553$2,009,725$1,920,168$2,421,914
67$2,548,364$2,081,684$1,957,976$2,603,772
68$2,780,944$2,156,333$1,996,215$2,802,321
69$3,036,385$2,233,779$2,034,874$3,019,210
70$3,316,993$2,314,130$2,073,938$3,256,255
71$3,625,306$2,397,502$2,113,395$3,515,456
72$3,964,121$2,484,014$2,153,228$3,799,016
73$4,336,520$2,573,789$2,193,420$4,109,359
74$4,745,898$2,666,957$2,233,952$4,449,157
75$5,195,994$2,763,653$2,274,804$4,821,350
76$5,690,929$2,864,016$2,315,954$5,229,179
77$6,235,244$2,968,193$2,357,378$5,676,211
78$6,833,940$3,076,335$2,399,051$6,166,377
79$7,492,527$3,188,601$2,440,945$6,704,005
80$8,217,079$3,305,157$2,483,031$7,293,865
81$9,014,285$3,426,173$2,525,276$7,941,208
82$9,891,516$3,551,830$2,567,647$8,651,823
83$10,856,895$3,682,314$2,610,107$9,432,082
84$11,919,371$3,817,820$2,652,618$10,289,008
85$13,088,803$3,958,550$2,695,138$11,230,337
86$14,376,059$4,104,716$2,737,622$12,264,592
87$15,793,108$4,256,538$2,780,024$13,401,162
88$17,353,143$4,414,247$2,822,293$14,650,391
89$19,070,700$4,578,081$2,864,376$16,023,678
90$20,961,795$4,748,290$2,906,216$17,533,577
91$23,044,076$4,925,135$2,947,753$19,193,925
92$25,336,993$5,108,887$2,988,923$21,019,962
93$27,861,972$5,299,829$3,029,658$23,028,484
94$30,642,629$5,498,257$3,069,888$25,237,995
95$33,704,983$5,704,477$3,109,535$27,668,883
96$37,077,707$5,918,812$3,148,520$30,343,612
97$40,792,395$6,141,596$3,186,757$33,286,935
98$44,883,863$6,373,178$3,224,157$36,526,126
99$49,390,477$6,613,923$3,260,626$40,091,235
100$54,354,511$6,864,211$3,296,062$44,015,376