Can I retire at age 64 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$151,945$150,592$149,272$147,983$146,724$145,373
2 years$75,221$73,820$72,462$71,146$69,869$68,508
3 years$49,649$48,242$46,888$45,584$44,328$42,999
4 years$36,866$35,463$34,122$32,840$31,615$30,328
5 years$29,198$27,803$26,480$25,225$24,033$22,792
6 years$24,087$22,704$21,400$20,172$19,017$17,824
7 years$20,438$19,066$17,783$16,585$15,466$14,321
8 years$17,703$16,343$15,082$13,913$12,830$11,733
9 years$15,577$14,230$12,990$11,850$10,805$9,756
10 years$13,877$12,543$11,325$10,215$9,206$8,204
11 years$12,487$11,166$9,970$8,890$7,918$6,962
12 years$11,329$10,022$8,848$7,798$6,861$5,951
13 years$10,350$9,057$7,905$6,884$5,983$5,117
14 years$9,512$8,233$7,103$6,111$5,245$4,422
15 years$8,786$7,521$6,413$5,450$4,618$3,837
16 years$8,152$6,900$5,814$4,880$4,081$3,341
17 years$7,593$6,355$5,291$4,385$3,619$2,918
18 years$7,096$5,872$4,830$3,951$3,218$2,555
19 years$6,652$5,442$4,422$3,570$2,868$2,242
20 years$6,254$5,057$4,058$3,234$2,562$1,971
21 years$5,893$4,711$3,732$2,935$2,292$1,736
22 years$5,566$4,397$3,440$2,668$2,055$1,531
23 years$5,268$4,113$3,176$2,430$1,845$1,352
24 years$4,995$3,853$2,938$2,216$1,658$1,195
25 years$4,744$3,616$2,721$2,024$1,492$1,057
26 years$4,513$3,398$2,523$1,851$1,344$936
27 years$4,299$3,198$2,343$1,694$1,212$830
28 years$4,101$3,014$2,178$1,552$1,093$736
29 years$3,917$2,843$2,027$1,423$987$653
30 years$3,745$2,685$1,888$1,306$892$579
31 years$3,585$2,538$1,760$1,200$806$515
32 years$3,436$2,402$1,642$1,103$729$457
33 years$3,295$2,274$1,533$1,014$660$406
34 years$3,163$2,156$1,433$933$598$361
35 years$3,039$2,045$1,340$859$541$321
36 years$2,922$1,941$1,253$791$491$286
37 years$2,812$1,843$1,173$729$445$254
38 years$2,708$1,752$1,098$672$403$226
39 years$2,609$1,666$1,029$619$365$201
40 years$2,516$1,585$965$571$332$179
41 years$2,427$1,509$904$527$301$160
42 years$2,343$1,437$848$486$273$142
43 years$2,262$1,369$796$449$248$127
44 years$2,186$1,305$747$415$225$113
45 years$2,114$1,244$702$383$204$100
46 years$2,044$1,187$659$354$185$89
47 years$1,978$1,133$619$327$168$80
48 years$1,915$1,081$582$302$153$71
49 years$1,854$1,033$547$279$139$63
50 years$1,796$986$514$258$126$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,840,000, adding $3,090 every year, while hoping to spend $36,030 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: 72/5/23 Blend
63$1,840,000$1,840,000$1,840,000$1,840,000
64$2,030,867$1,933,347$1,904,827$2,165,296
65$2,199,680$1,989,746$1,930,303$2,311,724
66$2,384,504$2,047,700$1,955,425$2,467,483
67$2,586,935$2,107,249$1,980,143$2,637,203
68$2,808,729$2,168,430$2,004,404$2,822,266
69$3,051,820$2,231,284$2,028,153$3,024,197
70$3,318,340$2,295,851$2,051,330$3,244,674
71$3,610,634$2,362,171$2,073,873$3,485,547
72$3,931,288$2,430,287$2,095,717$3,748,854
73$4,283,148$2,500,240$2,116,793$4,036,838
74$4,669,351$2,572,073$2,137,027$4,351,973
75$5,093,349$2,645,830$2,156,342$4,696,984
76$5,558,949$2,721,553$2,174,658$5,074,873
77$6,070,341$2,799,289$2,191,888$5,488,947
78$6,632,144$2,879,082$2,207,944$5,942,852
79$7,249,443$2,960,977$2,222,731$6,440,603
80$7,927,842$3,045,022$2,236,148$6,986,625
81$8,673,516$3,131,261$2,248,093$7,585,796
82$9,493,264$3,219,743$2,258,454$8,243,486
83$10,394,581$3,310,514$2,267,116$8,965,618
84$11,385,722$3,403,623$2,273,958$9,758,716
85$12,475,783$3,499,117$2,278,852$10,629,967
86$13,674,784$3,597,045$2,281,665$11,587,295
87$14,993,767$3,697,456$2,282,256$12,639,430
88$16,444,897$3,800,397$2,280,478$13,795,991
89$18,041,578$3,905,918$2,276,176$15,067,580
90$19,798,579$4,014,068$2,269,187$16,465,878
91$21,732,172$4,124,895$2,259,343$18,003,760
92$23,860,286$4,238,448$2,246,464$19,695,412
93$26,202,679$4,354,775$2,230,363$21,556,467
94$28,781,117$4,473,924$2,210,846$23,604,154
95$31,619,588$4,595,944$2,187,706$25,857,458
96$34,744,521$4,720,880$2,160,729$28,337,301
97$38,185,039$4,848,780$2,129,691$31,066,740
98$41,973,232$4,979,689$2,094,354$34,071,182
99$46,144,460$5,113,652$2,054,474$37,378,629
100$50,737,687$5,250,713$2,009,791$41,019,937