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%19.9%
1 years$149,468$148,137$146,838$145,570$144,332$138,605
2 years$73,994$72,616$71,280$69,986$68,729$63,031
3 years$48,839$47,455$46,123$44,840$43,605$38,114
4 years$36,265$34,885$33,566$32,305$31,099$25,858
5 years$28,722$27,350$26,048$24,813$23,641$18,662
6 years$23,695$22,333$21,051$19,843$18,706$13,994
7 years$20,105$18,756$17,494$16,314$15,213$10,765
8 years$17,414$16,077$14,836$13,686$12,621$8,432
9 years$15,323$13,998$12,778$11,657$10,629$6,693
10 years$13,650$12,338$11,140$10,049$9,056$5,366
11 years$12,283$10,984$9,808$8,745$7,789$4,335
12 years$11,144$9,859$8,704$7,671$6,749$3,524
13 years$10,182$8,909$7,777$6,772$5,886$2,878
14 years$9,357$8,098$6,987$6,012$5,159$2,359
15 years$8,643$7,398$6,309$5,361$4,543$1,940
16 years$8,019$6,788$5,720$4,800$4,015$1,600
17 years$7,469$6,251$5,205$4,313$3,560$1,321
18 years$6,980$5,776$4,751$3,887$3,165$1,093
19 years$6,544$5,353$4,349$3,512$2,821$906
20 years$6,152$4,975$3,992$3,181$2,520$751
21 years$5,797$4,634$3,672$2,887$2,255$624
22 years$5,475$4,325$3,384$2,625$2,021$518
23 years$5,182$4,045$3,124$2,391$1,815$431
24 years$4,913$3,790$2,890$2,180$1,631$359
25 years$4,666$3,557$2,676$1,991$1,468$298
26 years$4,439$3,343$2,482$1,821$1,322$248
27 years$4,229$3,146$2,305$1,666$1,192$207
28 years$4,034$2,965$2,143$1,527$1,075$172
29 years$3,853$2,797$1,994$1,400$971$144
30 years$3,684$2,641$1,857$1,285$877$120
31 years$3,527$2,497$1,732$1,180$793$100
32 years$3,380$2,363$1,616$1,085$718$83
33 years$3,241$2,237$1,508$997$649$69
34 years$3,112$2,121$1,409$918$588$58
35 years$2,990$2,011$1,318$845$533$48
36 years$2,875$1,909$1,233$778$483$40
37 years$2,766$1,813$1,154$717$437$33
38 years$2,664$1,723$1,080$661$396$28
39 years$2,567$1,639$1,012$609$360$23
40 years$2,475$1,559$949$562$326$19
41 years$2,387$1,484$890$518$296$16
42 years$2,304$1,413$835$478$268$14
43 years$2,226$1,347$783$442$244$11
44 years$2,151$1,284$735$408$221$9
45 years$2,079$1,224$690$377$201$8
46 years$2,011$1,168$648$348$182$7
47 years$1,946$1,114$609$321$166$5
48 years$1,884$1,064$572$297$150$5
49 years$1,824$1,016$538$274$137$4
50 years$1,767$970$506$254$124$3

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 $5,871 every year, while hoping to spend $41,612 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: 74/5/21 Blend
63$1,810,000$1,810,000$1,810,000$1,810,000
64$2,000,676$1,904,746$1,876,691$2,138,208
65$2,160,470$1,953,804$1,895,285$2,279,402
66$2,335,168$2,003,871$1,913,108$2,428,478
67$2,526,248$2,054,952$1,930,089$2,590,786
68$2,735,333$2,107,053$1,946,155$2,767,636
69$2,964,214$2,160,176$1,961,228$2,960,472
70$3,214,862$2,214,323$1,975,228$3,170,884
71$3,489,448$2,269,494$1,988,068$3,400,622
72$3,790,362$2,325,690$1,999,658$3,651,617
73$4,120,236$2,382,906$2,009,904$3,925,994
74$4,481,970$2,441,138$2,018,706$4,226,097
75$4,878,757$2,500,380$2,025,958$4,554,507
76$5,314,115$2,560,623$2,031,552$4,914,068
77$5,791,917$2,621,856$2,035,372$5,307,914
78$6,316,432$2,684,066$2,037,296$5,739,497
79$6,892,359$2,747,237$2,037,197$6,212,624
80$7,524,879$2,811,350$2,034,942$6,731,488
81$8,219,695$2,876,385$2,030,391$7,300,708
82$8,983,091$2,942,315$2,023,397$7,925,377
83$9,821,991$3,009,113$2,013,805$8,611,106
84$10,744,021$3,076,747$2,001,455$9,364,077
85$11,757,585$3,145,181$1,986,176$10,191,105
86$12,871,938$3,214,374$1,967,793$11,099,697
87$14,097,281$3,284,283$1,946,119$12,098,130
88$15,444,849$3,354,859$1,920,960$13,195,520
89$16,927,023$3,426,046$1,892,111$14,401,918
90$18,557,443$3,497,786$1,859,361$15,728,397
91$20,351,137$3,570,013$1,822,484$17,187,161
92$22,324,665$3,642,655$1,781,249$18,791,659
93$24,496,270$3,715,635$1,735,411$20,556,713
94$26,886,056$3,788,867$1,684,713$22,498,656
95$29,516,171$3,862,259$1,628,888$24,635,487
96$32,411,022$3,935,711$1,567,658$26,987,044
97$35,597,500$4,009,115$1,500,728$29,575,187
98$39,105,236$4,082,353$1,427,793$32,424,007
99$42,966,880$4,155,298$1,348,535$35,560,054
100$47,218,409$4,227,815$1,262,617$39,012,588