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%19%
1 years$151,120$149,774$148,460$147,178$145,927$140,637
2 years$74,812$73,418$72,068$70,759$69,489$64,218
3 years$49,379$47,980$46,633$45,336$44,087$39,000
4 years$36,665$35,270$33,937$32,662$31,443$26,579
5 years$29,039$27,652$26,336$25,088$23,902$19,274
6 years$23,956$22,580$21,284$20,063$18,913$14,524
7 years$20,327$18,963$17,687$16,495$15,381$11,231
8 years$17,607$16,255$15,000$13,837$12,760$8,844
9 years$15,492$14,153$12,919$11,786$10,746$7,059
10 years$13,801$12,475$11,263$10,160$9,156$5,692
11 years$12,419$11,106$9,916$8,842$7,875$4,626
12 years$11,267$9,968$8,800$7,756$6,824$3,783
13 years$10,294$9,008$7,862$6,847$5,951$3,108
14 years$9,460$8,188$7,064$6,078$5,216$2,564
15 years$8,739$7,480$6,378$5,421$4,593$2,122
16 years$8,108$6,863$5,783$4,853$4,059$1,761
17 years$7,551$6,320$5,262$4,361$3,599$1,465
18 years$7,058$5,840$4,804$3,930$3,200$1,220
19 years$6,616$5,413$4,398$3,551$2,852$1,018
20 years$6,220$5,030$4,036$3,216$2,548$850
21 years$5,861$4,685$3,712$2,919$2,280$711
22 years$5,536$4,373$3,421$2,654$2,044$595
23 years$5,239$4,090$3,159$2,417$1,835$498
24 years$4,967$3,832$2,922$2,204$1,649$417
25 years$4,718$3,596$2,706$2,013$1,484$350
26 years$4,488$3,380$2,510$1,841$1,337$293
27 years$4,276$3,181$2,330$1,685$1,205$246
28 years$4,079$2,997$2,166$1,544$1,087$206
29 years$3,896$2,828$2,016$1,416$982$173
30 years$3,725$2,670$1,878$1,299$887$145
31 years$3,566$2,524$1,751$1,193$802$122
32 years$3,417$2,389$1,633$1,097$726$103
33 years$3,277$2,262$1,525$1,008$657$86
34 years$3,146$2,144$1,425$928$594$72
35 years$3,023$2,034$1,332$854$538$61
36 years$2,906$1,930$1,246$787$488$51
37 years$2,797$1,833$1,167$725$442$43
38 years$2,693$1,742$1,092$668$401$36
39 years$2,595$1,657$1,023$616$364$30
40 years$2,502$1,576$959$568$330$25
41 years$2,414$1,500$899$524$299$21
42 years$2,330$1,429$844$484$271$18
43 years$2,250$1,361$792$447$246$15
44 years$2,174$1,298$743$412$224$13
45 years$2,102$1,237$698$381$203$11
46 years$2,033$1,181$655$352$184$9
47 years$1,967$1,127$616$325$167$8
48 years$1,904$1,075$579$300$152$6
49 years$1,844$1,027$544$278$138$5
50 years$1,787$981$511$257$125$4

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 $3,150 every year, while hoping to spend $26,811 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: 62/20/18 Blend
63$1,830,000$1,830,000$1,830,000$1,830,000
64$2,019,909$1,922,919$1,894,554$2,135,698
65$2,197,413$1,988,616$1,929,495$2,279,772
66$2,392,124$2,056,632$1,964,708$2,433,698
67$2,605,769$2,127,055$2,000,173$2,601,114
68$2,840,249$2,199,973$2,035,871$2,783,334
69$3,097,660$2,275,477$2,071,778$2,981,806
70$3,380,309$2,353,663$2,107,871$3,198,122
71$3,690,740$2,434,632$2,144,124$3,434,035
72$4,031,752$2,518,485$2,180,508$3,691,475
73$4,406,430$2,605,331$2,216,995$3,972,566
74$4,818,175$2,695,281$2,253,553$4,279,650
75$5,270,729$2,788,450$2,290,148$4,615,302
76$5,768,218$2,884,959$2,326,743$4,982,359
77$6,315,188$2,984,934$2,363,300$5,383,945
78$6,916,645$3,088,503$2,399,778$5,823,503
79$7,578,105$3,195,802$2,436,133$6,304,820
80$8,305,647$3,306,972$2,472,319$6,832,071
81$9,105,968$3,422,158$2,508,287$7,409,852
82$9,986,446$3,541,513$2,543,983$8,043,227
83$10,955,209$3,665,193$2,579,353$8,737,774
84$12,021,216$3,793,364$2,614,337$9,499,635
85$13,194,337$3,926,194$2,648,873$10,335,578
86$14,485,444$4,063,863$2,682,895$11,253,059
87$15,906,521$4,206,554$2,716,334$12,260,289
88$17,470,770$4,354,459$2,749,115$13,366,315
89$19,192,738$4,507,777$2,781,160$14,581,106
90$21,088,456$4,666,717$2,812,388$15,915,640
91$23,175,586$4,831,493$2,842,710$17,382,016
92$25,473,590$5,002,331$2,872,035$18,993,561
93$28,003,915$5,179,464$2,900,267$20,764,959
94$30,790,192$5,363,135$2,927,303$22,712,387
95$33,858,460$5,553,597$2,953,036$24,853,671
96$37,237,412$5,751,113$2,977,353$27,208,450
97$40,958,668$5,955,957$3,000,134$29,798,360
98$45,057,068$6,168,415$3,021,254$32,647,245
99$49,571,003$6,388,782$3,040,581$35,781,373
100$54,542,781$6,617,367$3,057,975$39,229,687