Can I retire at age 64 with 1,830,000?

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 $1,830,000?

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$151,120$149,774$148,460$147,178$145,927$142,631
2 years$74,812$73,418$72,068$70,759$69,489$66,186
3 years$49,379$47,980$46,633$45,336$44,087$40,880
4 years$36,665$35,270$33,937$32,662$31,443$28,357
5 years$29,039$27,652$26,336$25,088$23,902$20,946
6 years$23,956$22,580$21,284$20,063$18,913$16,089
7 years$20,327$18,963$17,687$16,495$15,381$12,691
8 years$17,607$16,255$15,000$13,837$12,760$10,202
9 years$15,492$14,153$12,919$11,786$10,746$8,318
10 years$13,801$12,475$11,263$10,160$9,156$6,855
11 years$12,419$11,106$9,916$8,842$7,875$5,698
12 years$11,267$9,968$8,800$7,756$6,824$4,769
13 years$10,294$9,008$7,862$6,847$5,951$4,012
14 years$9,460$8,188$7,064$6,078$5,216$3,391
15 years$8,739$7,480$6,378$5,421$4,593$2,877
16 years$8,108$6,863$5,783$4,853$4,059$2,448
17 years$7,551$6,320$5,262$4,361$3,599$2,089
18 years$7,058$5,840$4,804$3,930$3,200$1,786
19 years$6,616$5,413$4,398$3,551$2,852$1,529
20 years$6,220$5,030$4,036$3,216$2,548$1,312
21 years$5,861$4,685$3,712$2,919$2,280$1,127
22 years$5,536$4,373$3,421$2,654$2,044$969
23 years$5,239$4,090$3,159$2,417$1,835$834
24 years$4,967$3,832$2,922$2,204$1,649$719
25 years$4,718$3,596$2,706$2,013$1,484$619
26 years$4,488$3,380$2,510$1,841$1,337$534
27 years$4,276$3,181$2,330$1,685$1,205$461
28 years$4,079$2,997$2,166$1,544$1,087$398
29 years$3,896$2,828$2,016$1,416$982$344
30 years$3,725$2,670$1,878$1,299$887$297
31 years$3,566$2,524$1,751$1,193$802$257
32 years$3,417$2,389$1,633$1,097$726$222
33 years$3,277$2,262$1,525$1,008$657$192
34 years$3,146$2,144$1,425$928$594$166
35 years$3,023$2,034$1,332$854$538$144
36 years$2,906$1,930$1,246$787$488$124
37 years$2,797$1,833$1,167$725$442$107
38 years$2,693$1,742$1,092$668$401$93
39 years$2,595$1,657$1,023$616$364$80
40 years$2,502$1,576$959$568$330$70
41 years$2,414$1,500$899$524$299$60
42 years$2,330$1,429$844$484$271$52
43 years$2,250$1,361$792$447$246$45
44 years$2,174$1,298$743$412$224$39
45 years$2,102$1,237$698$381$203$34
46 years$2,033$1,181$655$352$184$29
47 years$1,967$1,127$616$325$167$25
48 years$1,904$1,075$579$300$152$22
49 years$1,844$1,027$544$278$138$19
50 years$1,787$981$511$257$125$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,830,000, adding $6,237 every year, while hoping to spend $52,190 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: 54/30/16 Blend
63$1,830,000$1,830,000$1,830,000$1,830,000
64$2,023,093$1,926,103$1,897,738$2,123,374
65$2,173,919$1,964,953$1,905,783$2,231,339
66$2,338,380$2,003,957$1,912,348$2,342,698
67$2,517,812$2,043,067$1,917,328$2,462,741
68$2,713,684$2,082,233$1,920,614$2,592,310
69$2,927,616$2,121,398$1,922,091$2,732,330
70$3,161,388$2,160,503$1,921,637$2,883,823
71$3,416,963$2,199,480$1,919,124$3,047,915
72$3,696,499$2,238,261$1,914,421$3,225,846
73$4,002,375$2,276,769$1,907,387$3,418,985
74$4,337,208$2,314,921$1,897,876$3,628,840
75$4,703,882$2,352,631$1,885,733$3,857,074
76$5,105,572$2,389,804$1,870,799$4,105,519
77$5,545,773$2,426,337$1,852,904$4,376,197
78$6,028,337$2,462,123$1,831,871$4,671,336
79$6,557,505$2,497,044$1,807,516$4,993,392
80$7,137,948$2,530,977$1,779,645$5,345,075
81$7,774,810$2,563,787$1,748,055$5,729,370
82$8,473,760$2,595,331$1,712,534$6,149,570
83$9,241,039$2,625,457$1,672,859$6,609,305
84$10,083,523$2,654,003$1,628,798$7,112,577
85$11,008,788$2,680,795$1,580,108$7,663,801
86$12,025,177$2,705,646$1,526,535$8,267,840
87$13,141,882$2,728,360$1,467,811$8,930,059
88$14,369,031$2,748,727$1,403,660$9,656,372
89$15,717,780$2,766,522$1,333,790$10,453,300
90$17,200,418$2,781,507$1,257,897$11,328,031
91$18,830,488$2,793,428$1,175,663$12,288,492
92$20,622,907$2,802,015$1,086,758$13,343,420
93$22,594,112$2,806,982$990,832$14,502,449
94$24,762,211$2,808,024$887,525$15,776,199
95$27,147,157$2,804,817$776,457$17,176,380
96$29,770,931$2,797,018$657,233$18,715,900
97$32,657,756$2,784,261$529,440$20,408,990
98$35,834,318$2,766,161$392,647$22,271,336
99$39,330,022$2,742,306$246,404$24,320,236
100$43,177,266$2,712,261$90,241$26,574,753