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%12.9%
1 years$151,945$150,592$149,272$147,983$146,724$144,951
2 years$75,221$73,820$72,462$71,146$69,869$68,084
3 years$49,649$48,242$46,888$45,584$44,328$42,587
4 years$36,866$35,463$34,122$32,840$31,615$29,932
5 years$29,198$27,803$26,480$25,225$24,033$22,412
6 years$24,087$22,704$21,400$20,172$19,017$17,460
7 years$20,438$19,066$17,783$16,585$15,466$13,974
8 years$17,703$16,343$15,082$13,913$12,830$11,404
9 years$15,577$14,230$12,990$11,850$10,805$9,443
10 years$13,877$12,543$11,325$10,215$9,206$7,908
11 years$12,487$11,166$9,970$8,890$7,918$6,681
12 years$11,329$10,022$8,848$7,798$6,861$5,686
13 years$10,350$9,057$7,905$6,884$5,983$4,867
14 years$9,512$8,233$7,103$6,111$5,245$4,186
15 years$8,786$7,521$6,413$5,450$4,618$3,616
16 years$8,152$6,900$5,814$4,880$4,081$3,133
17 years$7,593$6,355$5,291$4,385$3,619$2,723
18 years$7,096$5,872$4,830$3,951$3,218$2,372
19 years$6,652$5,442$4,422$3,570$2,868$2,071
20 years$6,254$5,057$4,058$3,234$2,562$1,812
21 years$5,893$4,711$3,732$2,935$2,292$1,587
22 years$5,566$4,397$3,440$2,668$2,055$1,392
23 years$5,268$4,113$3,176$2,430$1,845$1,223
24 years$4,995$3,853$2,938$2,216$1,658$1,075
25 years$4,744$3,616$2,721$2,024$1,492$946
26 years$4,513$3,398$2,523$1,851$1,344$833
27 years$4,299$3,198$2,343$1,694$1,212$734
28 years$4,101$3,014$2,178$1,552$1,093$647
29 years$3,917$2,843$2,027$1,423$987$571
30 years$3,745$2,685$1,888$1,306$892$504
31 years$3,585$2,538$1,760$1,200$806$445
32 years$3,436$2,402$1,642$1,103$729$393
33 years$3,295$2,274$1,533$1,014$660$347
34 years$3,163$2,156$1,433$933$598$307
35 years$3,039$2,045$1,340$859$541$272
36 years$2,922$1,941$1,253$791$491$240
37 years$2,812$1,843$1,173$729$445$212
38 years$2,708$1,752$1,098$672$403$188
39 years$2,609$1,666$1,029$619$365$166
40 years$2,516$1,585$965$571$332$147
41 years$2,427$1,509$904$527$301$130
42 years$2,343$1,437$848$486$273$115
43 years$2,262$1,369$796$449$248$102
44 years$2,186$1,305$747$415$225$90
45 years$2,114$1,244$702$383$204$80
46 years$2,044$1,187$659$354$185$71
47 years$1,978$1,133$619$327$168$63
48 years$1,915$1,081$582$302$153$55
49 years$1,854$1,033$547$279$139$49
50 years$1,796$986$514$258$126$43

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 $3,289 every year, while hoping to spend $24,962 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: 80/7/13 Blend
63$1,840,000$1,840,000$1,840,000$1,840,000
64$2,031,073$1,933,553$1,905,033$2,188,222
65$2,211,683$2,001,737$1,942,292$2,360,138
66$2,409,878$2,072,426$1,979,963$2,545,194
67$2,627,427$2,145,716$2,018,032$2,747,558
68$2,866,275$2,221,707$2,056,487$2,968,953
69$3,128,568$2,300,504$2,095,312$3,211,275
70$3,416,668$2,382,214$2,134,491$3,476,612
71$3,733,176$2,466,951$2,174,005$3,767,264
72$4,080,961$2,554,832$2,213,835$4,085,766
73$4,463,181$2,645,981$2,253,960$4,434,908
74$4,883,314$2,740,523$2,294,357$4,817,763
75$5,345,195$2,838,592$2,335,001$5,237,718
76$5,853,048$2,940,325$2,375,866$5,698,504
77$6,411,524$3,045,867$2,416,923$6,204,228
78$7,025,751$3,155,366$2,458,141$6,759,417
79$7,701,378$3,268,978$2,499,489$7,369,059
80$8,444,626$3,386,867$2,540,930$8,038,647
81$9,262,354$3,509,199$2,582,427$8,774,233
82$10,162,116$3,636,152$2,623,940$9,582,486
83$11,152,236$3,767,907$2,665,427$10,470,751
84$12,241,887$3,904,657$2,706,841$11,447,124
85$13,441,173$4,046,600$2,748,134$12,520,520
86$14,761,232$4,193,941$2,789,255$13,700,767
87$16,214,331$4,346,898$2,830,149$14,998,689
88$17,813,992$4,505,695$2,870,758$16,426,214
89$19,575,110$4,670,565$2,911,019$17,996,484
90$21,514,101$4,841,753$2,950,869$19,723,981
91$23,649,053$5,019,513$2,990,236$21,624,659
92$25,999,897$5,204,109$3,029,049$23,716,099
93$28,588,593$5,395,817$3,067,229$26,017,673
94$31,439,342$5,594,925$3,104,694$28,550,727
95$34,578,812$5,801,733$3,141,358$31,338,779
96$38,036,386$6,016,553$3,177,129$34,407,746
97$41,844,445$6,239,712$3,211,910$37,786,185
98$46,038,668$6,471,548$3,245,599$41,505,565
99$50,658,374$6,712,415$3,278,089$45,600,558
100$55,746,889$6,962,684$3,309,265$50,109,373