Can I retire at age 64 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$150,294$148,955$147,649$146,374$145,129$143,614
2 years$74,403$73,017$71,674$70,372$69,109$67,583
3 years$49,109$47,718$46,378$45,088$43,846$42,356
4 years$36,465$35,077$33,751$32,483$31,271$29,830
5 years$28,880$27,501$26,192$24,950$23,772$22,383
6 years$23,825$22,457$21,167$19,953$18,810$17,475
7 years$20,216$18,859$17,590$16,405$15,297$14,017
8 years$17,511$16,166$14,918$13,761$12,691$11,465
9 years$15,407$14,075$12,849$11,722$10,687$9,516
10 years$13,726$12,407$11,202$10,104$9,106$7,988
11 years$12,351$11,045$9,862$8,794$7,832$6,766
12 years$11,206$9,913$8,752$7,713$6,787$5,772
13 years$10,238$8,959$7,820$6,810$5,918$4,954
14 years$9,409$8,143$7,026$6,045$5,188$4,273
15 years$8,691$7,439$6,343$5,391$4,568$3,700
16 years$8,063$6,825$5,751$4,827$4,037$3,215
17 years$7,510$6,286$5,233$4,337$3,579$2,802
18 years$7,019$5,808$4,777$3,908$3,183$2,448
19 years$6,580$5,383$4,373$3,532$2,837$2,144
20 years$6,186$5,002$4,014$3,199$2,534$1,881
21 years$5,829$4,659$3,692$2,903$2,268$1,653
22 years$5,505$4,349$3,403$2,639$2,033$1,454
23 years$5,210$4,068$3,142$2,404$1,825$1,281
24 years$4,940$3,811$2,906$2,192$1,640$1,130
25 years$4,692$3,577$2,691$2,002$1,476$997
26 years$4,464$3,362$2,496$1,831$1,329$881
27 years$4,252$3,164$2,318$1,676$1,198$779
28 years$4,056$2,981$2,155$1,535$1,081$689
29 years$3,874$2,812$2,005$1,408$976$610
30 years$3,705$2,656$1,868$1,292$882$540
31 years$3,546$2,511$1,741$1,187$798$478
32 years$3,398$2,376$1,624$1,091$722$424
33 years$3,259$2,250$1,517$1,003$653$376
34 years$3,129$2,132$1,417$923$591$333
35 years$3,006$2,022$1,325$849$535$296
36 years$2,891$1,920$1,239$782$485$262
37 years$2,781$1,823$1,160$721$440$233
38 years$2,678$1,733$1,086$664$399$207
39 years$2,581$1,648$1,018$613$362$183
40 years$2,488$1,568$954$565$328$163
41 years$2,400$1,492$895$521$297$145
42 years$2,317$1,421$839$481$270$128
43 years$2,238$1,354$787$444$245$114
44 years$2,162$1,291$739$410$222$101
45 years$2,091$1,231$694$379$202$90
46 years$2,022$1,174$652$350$183$80
47 years$1,957$1,120$612$323$166$71
48 years$1,894$1,070$575$299$151$63
49 years$1,834$1,021$541$276$137$56
50 years$1,777$976$509$255$125$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,820,000, adding $4,698 every year, while hoping to spend $47,240 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: 63/20/17 Blend
63$1,820,000$1,820,000$1,820,000$1,820,000
64$2,010,486$1,914,026$1,885,816$2,128,305
65$2,165,293$1,957,550$1,898,728$2,251,576
66$2,334,306$2,001,624$1,910,489$2,380,354
67$2,518,926$2,046,224$1,921,011$2,519,865
68$2,720,692$2,091,325$1,930,201$2,671,154
69$2,941,301$2,136,898$1,937,961$2,835,377
70$3,182,620$2,182,912$1,944,188$3,013,806
71$3,446,704$2,229,332$1,948,776$3,207,841
72$3,735,818$2,276,119$1,951,610$3,419,027
73$4,052,454$2,323,232$1,952,571$3,649,065
74$4,399,358$2,370,624$1,951,536$3,899,830
75$4,779,553$2,418,245$1,948,373$4,173,386
76$5,196,369$2,466,040$1,942,945$4,472,011
77$5,653,473$2,513,951$1,935,108$4,798,212
78$6,154,905$2,561,912$1,924,712$5,154,755
79$6,705,113$2,609,853$1,911,597$5,544,685
80$7,308,998$2,657,700$1,895,600$5,971,361
81$7,971,959$2,705,370$1,876,545$6,438,482
82$8,699,940$2,752,775$1,854,251$6,950,127
83$9,499,494$2,799,820$1,828,528$7,510,790
84$10,377,835$2,846,404$1,799,176$8,125,424
85$11,342,912$2,892,416$1,765,987$8,799,488
86$12,403,484$2,937,739$1,728,742$9,539,001
87$13,569,197$2,982,246$1,687,213$10,350,592
88$14,850,680$3,025,801$1,641,160$11,241,571
89$16,259,644$3,068,260$1,590,332$12,219,993
90$17,808,988$3,109,466$1,534,470$13,294,737
91$19,512,929$3,149,253$1,473,298$14,475,589
92$21,387,124$3,187,443$1,406,530$15,773,332
93$23,448,830$3,223,847$1,333,869$17,199,855
94$25,717,057$3,258,262$1,254,999$18,768,259
95$28,212,751$3,290,471$1,169,596$20,492,982
96$30,958,992$3,320,244$1,077,317$22,389,941
97$33,981,208$3,347,335$977,806$24,476,675
98$37,307,418$3,371,481$870,690$26,772,516
99$40,968,496$3,392,405$755,579$29,298,773
100$44,998,459$3,409,810$632,068$32,078,929