Can I retire at age 64 with 1,810,000?

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 $1,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$149,468$148,137$146,838$145,570$144,332$143,242
2 years$73,994$72,616$71,280$69,986$68,729$67,631
3 years$48,839$47,455$46,123$44,840$43,605$42,531
4 years$36,265$34,885$33,566$32,305$31,099$30,059
5 years$28,722$27,350$26,048$24,813$23,641$22,638
6 years$23,695$22,333$21,051$19,843$18,706$17,740
7 years$20,105$18,756$17,494$16,314$15,213$14,286
8 years$17,414$16,077$14,836$13,686$12,621$11,731
9 years$15,323$13,998$12,778$11,657$10,629$9,777
10 years$13,650$12,338$11,140$10,049$9,056$8,242
11 years$12,283$10,984$9,808$8,745$7,789$7,011
12 years$11,144$9,859$8,704$7,671$6,749$6,008
13 years$10,182$8,909$7,777$6,772$5,886$5,180
14 years$9,357$8,098$6,987$6,012$5,159$4,488
15 years$8,643$7,398$6,309$5,361$4,543$3,905
16 years$8,019$6,788$5,720$4,800$4,015$3,409
17 years$7,469$6,251$5,205$4,313$3,560$2,986
18 years$6,980$5,776$4,751$3,887$3,165$2,622
19 years$6,544$5,353$4,349$3,512$2,821$2,307
20 years$6,152$4,975$3,992$3,181$2,520$2,035
21 years$5,797$4,634$3,672$2,887$2,255$1,797
22 years$5,475$4,325$3,384$2,625$2,021$1,590
23 years$5,182$4,045$3,124$2,391$1,815$1,408
24 years$4,913$3,790$2,890$2,180$1,631$1,248
25 years$4,666$3,557$2,676$1,991$1,468$1,108
26 years$4,439$3,343$2,482$1,821$1,322$984
27 years$4,229$3,146$2,305$1,666$1,192$875
28 years$4,034$2,965$2,143$1,527$1,075$778
29 years$3,853$2,797$1,994$1,400$971$693
30 years$3,684$2,641$1,857$1,285$877$617
31 years$3,527$2,497$1,732$1,180$793$550
32 years$3,380$2,363$1,616$1,085$718$490
33 years$3,241$2,237$1,508$997$649$437
34 years$3,112$2,121$1,409$918$588$390
35 years$2,990$2,011$1,318$845$533$348
36 years$2,875$1,909$1,233$778$483$310
37 years$2,766$1,813$1,154$717$437$277
38 years$2,664$1,723$1,080$661$396$247
39 years$2,567$1,639$1,012$609$360$221
40 years$2,475$1,559$949$562$326$197
41 years$2,387$1,484$890$518$296$176
42 years$2,304$1,413$835$478$268$158
43 years$2,226$1,347$783$442$244$141
44 years$2,151$1,284$735$408$221$126
45 years$2,079$1,224$690$377$201$112
46 years$2,011$1,168$648$348$182$101
47 years$1,946$1,114$609$321$166$90
48 years$1,884$1,064$572$297$150$80
49 years$1,824$1,016$538$274$137$72
50 years$1,767$970$506$254$124$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,810,000, adding $3,093 every year, while hoping to spend $22,437 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: 46/24/30 Blend
63$1,810,000$1,810,000$1,810,000$1,810,000
64$1,997,810$1,901,880$1,873,825$2,072,308
65$2,177,714$1,971,200$1,912,726$2,194,878
66$2,375,216$2,043,164$1,952,177$2,325,397
67$2,592,088$2,117,878$1,992,175$2,466,598
68$2,830,280$2,195,454$2,032,712$2,619,496
69$3,091,943$2,276,005$2,073,782$2,785,208
70$3,379,444$2,359,652$2,115,376$2,964,962
71$3,695,392$2,446,520$2,157,486$3,160,109
72$4,042,661$2,536,738$2,200,101$3,372,135
73$4,424,417$2,630,443$2,243,209$3,602,675
74$4,844,148$2,727,775$2,286,797$3,853,531
75$5,305,698$2,828,883$2,330,851$4,126,682
76$5,813,300$2,933,919$2,375,356$4,424,309
77$6,371,620$3,043,045$2,420,294$4,748,812
78$6,985,798$3,156,427$2,465,646$5,102,832
79$7,661,496$3,274,239$2,511,393$5,489,278
80$8,404,955$3,396,662$2,557,510$5,911,352
81$9,223,049$3,523,888$2,603,976$6,372,580
82$10,123,354$3,656,112$2,650,763$6,876,842
83$11,114,216$3,793,541$2,697,843$7,428,414
84$12,204,831$3,936,389$2,745,186$8,032,001
85$13,405,333$4,084,882$2,792,759$8,692,787
86$14,726,889$4,239,253$2,840,528$9,416,482
87$16,181,801$4,399,745$2,888,455$10,209,370
88$17,783,626$4,566,614$2,936,499$11,078,376
89$19,547,302$4,740,125$2,984,619$12,031,127
90$21,489,291$4,920,555$3,032,767$13,076,022
91$23,627,729$5,108,193$3,080,896$14,222,314
92$25,982,604$5,303,341$3,128,952$15,480,193
93$28,575,939$5,506,314$3,176,881$16,860,887
94$31,432,002$5,717,440$3,224,624$18,376,761
95$34,577,535$5,937,063$3,272,118$20,041,439
96$38,042,005$6,165,542$3,319,295$21,869,929
97$41,857,885$6,403,248$3,366,087$23,878,762
98$46,060,955$6,650,574$3,412,417$26,086,154
99$50,690,647$6,907,926$3,458,207$28,512,169
100$55,790,408$7,175,729$3,503,372$31,178,914