Can I retire at age 64 with 1,790,000?

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 $1,790,000?

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$147,817$146,500$145,215$143,961$142,737$139,513
2 years$73,176$71,814$70,493$69,212$67,970$64,739
3 years$48,300$46,931$45,614$44,345$43,123$39,986
4 years$35,864$34,499$33,195$31,948$30,756$27,737
5 years$28,404$27,048$25,761$24,539$23,380$20,488
6 years$23,433$22,087$20,818$19,624$18,500$15,738
7 years$19,883$18,548$17,300$16,134$15,045$12,413
8 years$17,222$15,899$14,672$13,534$12,482$9,979
9 years$15,153$13,843$12,637$11,528$10,511$8,136
10 years$13,500$12,202$11,017$9,938$8,956$6,705
11 years$12,147$10,863$9,699$8,649$7,703$5,574
12 years$11,021$9,750$8,608$7,586$6,675$4,664
13 years$10,069$8,811$7,691$6,697$5,821$3,925
14 years$9,254$8,009$6,910$5,945$5,102$3,317
15 years$8,548$7,316$6,239$5,302$4,492$2,814
16 years$7,930$6,713$5,656$4,747$3,970$2,395
17 years$7,386$6,182$5,147$4,265$3,520$2,043
18 years$6,903$5,713$4,699$3,844$3,130$1,747
19 years$6,472$5,294$4,301$3,473$2,790$1,496
20 years$6,084$4,920$3,948$3,146$2,492$1,283
21 years$5,733$4,583$3,631$2,855$2,230$1,102
22 years$5,415$4,278$3,347$2,596$1,999$948
23 years$5,125$4,001$3,090$2,364$1,794$816
24 years$4,859$3,748$2,858$2,156$1,613$703
25 years$4,615$3,518$2,647$1,969$1,451$606
26 years$4,390$3,306$2,455$1,801$1,307$523
27 years$4,182$3,111$2,279$1,648$1,179$451
28 years$3,990$2,932$2,119$1,510$1,064$389
29 years$3,810$2,766$1,972$1,385$960$336
30 years$3,644$2,612$1,837$1,271$868$291
31 years$3,488$2,469$1,712$1,167$785$251
32 years$3,342$2,336$1,598$1,073$710$217
33 years$3,206$2,213$1,492$986$642$188
34 years$3,077$2,097$1,394$908$581$162
35 years$2,957$1,989$1,303$835$527$140
36 years$2,843$1,888$1,219$769$477$121
37 years$2,736$1,793$1,141$709$432$105
38 years$2,634$1,704$1,069$653$392$91
39 years$2,538$1,620$1,001$602$356$79
40 years$2,447$1,542$938$556$323$68
41 years$2,361$1,468$880$513$293$59
42 years$2,279$1,398$825$473$265$51
43 years$2,201$1,332$774$437$241$44
44 years$2,127$1,269$727$403$219$38
45 years$2,056$1,210$683$372$199$33
46 years$1,989$1,155$641$344$180$29
47 years$1,924$1,102$602$318$164$25
48 years$1,863$1,052$566$294$149$21
49 years$1,804$1,005$532$271$135$19
50 years$1,748$960$500$251$123$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,790,000, adding $5,213 every year, while hoping to spend $45,703 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: 52/34/14 Blend
63$1,790,000$1,790,000$1,790,000$1,790,000
64$1,977,957$1,883,087$1,855,342$2,073,120
65$2,131,081$1,926,731$1,868,869$2,182,407
66$2,298,292$1,970,981$1,881,316$2,295,922
67$2,480,978$2,015,820$1,892,601$2,418,352
68$2,680,669$2,061,226$1,902,634$2,550,550
69$2,899,047$2,107,176$1,911,322$2,693,459
70$3,137,965$2,153,643$1,918,567$2,848,119
71$3,399,465$2,200,598$1,924,265$3,015,674
72$3,685,792$2,248,009$1,928,310$3,197,383
73$3,999,421$2,295,840$1,930,587$3,394,635
74$4,343,078$2,344,052$1,930,977$3,608,962
75$4,719,762$2,392,601$1,929,355$3,842,049
76$5,132,780$2,441,440$1,925,591$4,095,754
77$5,585,770$2,490,518$1,919,545$4,372,125
78$6,082,744$2,539,778$1,911,075$4,673,420
79$6,628,116$2,589,160$1,900,028$5,002,125
80$7,226,752$2,638,596$1,886,247$5,360,981
81$7,884,009$2,688,016$1,869,565$5,753,009
82$8,605,791$2,737,342$1,849,808$6,181,540
83$9,398,599$2,786,489$1,826,794$6,650,243
84$10,269,596$2,835,368$1,800,332$7,163,163
85$11,226,675$2,883,880$1,770,223$7,724,758
86$12,278,526$2,931,921$1,736,256$8,339,943
87$13,434,729$2,979,378$1,698,214$9,014,134
88$14,705,834$3,026,131$1,655,867$9,753,301
89$16,103,466$3,072,048$1,608,975$10,564,024
90$17,640,432$3,116,990$1,557,288$11,453,557
91$19,330,842$3,160,809$1,500,543$12,429,895
92$21,190,243$3,203,344$1,438,466$13,501,850
93$23,235,764$3,244,424$1,370,772$14,679,136
94$25,486,278$3,283,867$1,297,159$15,972,459
95$27,962,579$3,321,477$1,217,314$17,393,620
96$30,687,579$3,357,046$1,130,911$18,955,627
97$33,686,523$3,390,352$1,037,607$20,672,819
98$36,987,227$3,421,158$937,045$22,560,998
99$40,620,339$3,449,210$828,852$24,637,585
100$44,619,633$3,474,240$712,637$26,921,779