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%14.2%
1 years$146,991$145,681$144,404$143,157$141,940$139,473
2 years$72,768$71,412$70,099$68,826$67,590$65,114
3 years$48,030$46,669$45,359$44,097$42,882$40,472
4 years$35,663$34,307$33,010$31,770$30,584$28,259
5 years$28,246$26,897$25,617$24,402$23,249$21,017
6 years$23,302$21,963$20,702$19,515$18,396$16,258
7 years$19,772$18,445$17,204$16,044$14,961$12,918
8 years$17,126$15,810$14,590$13,459$12,412$10,463
9 years$15,069$13,766$12,566$11,464$10,453$8,597
10 years$13,424$12,134$10,956$9,882$8,906$7,143
11 years$12,079$10,802$9,645$8,600$7,660$5,986
12 years$10,960$9,695$8,560$7,544$6,638$5,052
13 years$10,013$8,762$7,648$6,660$5,788$4,288
14 years$9,202$7,964$6,871$5,912$5,074$3,656
15 years$8,500$7,275$6,204$5,272$4,467$3,130
16 years$7,886$6,675$5,625$4,721$3,948$2,688
17 years$7,345$6,148$5,118$4,242$3,501$2,314
18 years$6,865$5,681$4,672$3,823$3,113$1,998
19 years$6,436$5,265$4,277$3,454$2,774$1,728
20 years$6,050$4,892$3,926$3,128$2,478$1,497
21 years$5,701$4,557$3,611$2,839$2,218$1,298
22 years$5,384$4,254$3,328$2,581$1,988$1,128
23 years$5,096$3,978$3,073$2,351$1,784$980
24 years$4,832$3,728$2,842$2,144$1,604$853
25 years$4,589$3,498$2,632$1,958$1,443$743
26 years$4,366$3,288$2,441$1,790$1,300$648
27 years$4,159$3,094$2,267$1,639$1,172$565
28 years$3,967$2,916$2,107$1,502$1,058$493
29 years$3,789$2,750$1,961$1,377$955$430
30 years$3,623$2,598$1,827$1,264$863$376
31 years$3,468$2,456$1,703$1,161$780$328
32 years$3,324$2,323$1,589$1,067$706$287
33 years$3,188$2,200$1,483$981$639$251
34 years$3,060$2,085$1,386$902$578$219
35 years$2,940$1,978$1,296$831$524$192
36 years$2,827$1,877$1,212$765$475$168
37 years$2,720$1,783$1,135$705$430$147
38 years$2,619$1,695$1,063$650$390$128
39 years$2,524$1,611$995$599$354$112
40 years$2,434$1,533$933$553$321$98
41 years$2,348$1,459$875$510$291$86
42 years$2,266$1,390$821$471$264$75
43 years$2,189$1,324$770$434$240$66
44 years$2,115$1,262$723$401$217$58
45 years$2,045$1,204$679$370$197$50
46 years$1,978$1,148$638$342$179$44
47 years$1,914$1,096$599$316$163$39
48 years$1,852$1,046$563$292$148$34
49 years$1,794$999$529$270$134$30
50 years$1,738$954$497$250$122$26

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 $5,196 every year, while hoping to spend $38,626 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: 68/23/9 Blend
63$1,780,000$1,780,000$1,780,000$1,780,000
64$1,966,920$1,872,580$1,844,990$2,096,892
65$2,126,448$1,923,238$1,865,699$2,234,470
66$2,300,953$1,975,085$1,885,808$2,379,725
67$2,491,923$2,028,136$1,905,254$2,537,550
68$2,700,994$2,082,410$1,923,975$2,709,171
69$2,929,969$2,137,922$1,941,903$2,895,936
70$3,180,834$2,194,688$1,958,965$3,099,330
71$3,455,776$2,252,725$1,975,087$3,320,989
72$3,757,203$2,312,046$1,990,190$3,562,713
73$4,087,766$2,372,665$2,004,190$3,826,487
74$4,450,388$2,434,595$2,017,000$4,114,494
75$4,848,286$2,497,849$2,028,528$4,429,139
76$5,285,005$2,562,437$2,038,677$4,773,073
77$5,764,447$2,628,368$2,047,345$5,149,214
78$6,290,915$2,695,652$2,054,425$5,560,777
79$6,869,144$2,764,296$2,059,804$6,011,303
80$7,504,355$2,834,304$2,063,366$6,504,694
81$8,202,296$2,905,682$2,064,985$7,045,247
82$8,969,300$2,978,430$2,064,532$7,637,697
83$9,812,346$3,052,550$2,061,871$8,287,261
84$10,739,120$3,128,039$2,056,858$8,999,684
85$11,758,090$3,204,894$2,049,344$9,781,299
86$12,878,589$3,283,107$2,039,170$10,639,082
87$14,110,896$3,362,670$2,026,173$11,580,718
88$15,466,336$3,443,570$2,010,179$12,614,676
89$16,957,390$3,525,793$1,991,007$13,750,288
90$18,597,806$3,609,319$1,968,468$14,997,834
91$20,402,733$3,694,126$1,942,363$16,368,642
92$22,388,864$3,780,190$1,912,484$17,875,197
93$24,574,589$3,867,480$1,878,613$19,531,252
94$26,980,172$3,955,963$1,840,522$21,351,963
95$29,627,943$4,045,598$1,797,973$23,354,032
96$32,542,505$4,136,343$1,750,716$25,555,861
97$35,750,965$4,228,149$1,698,490$27,977,728
98$39,283,196$4,320,961$1,641,022$30,641,980
99$43,172,112$4,414,718$1,578,026$33,573,240
100$47,453,981$4,509,353$1,509,203$36,798,644