Can I retire at age 64 with 1,850,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$152,771$151,410$150,083$148,787$147,522$146,042
2 years$75,629$74,221$72,856$71,532$70,248$68,758
3 years$49,919$48,504$47,142$45,831$44,568$43,114
4 years$37,066$35,656$34,308$33,019$31,787$30,378
5 years$29,356$27,954$26,624$25,362$24,164$22,806
6 years$24,218$22,827$21,516$20,282$19,120$17,815
7 years$20,550$19,170$17,880$16,675$15,550$14,298
8 years$17,799$16,432$15,164$13,988$12,900$11,701
9 years$15,661$14,307$13,061$11,915$10,864$9,718
10 years$13,952$12,611$11,386$10,271$9,256$8,163
11 years$12,554$11,227$10,024$8,939$7,961$6,918
12 years$11,391$10,077$8,896$7,840$6,899$5,906
13 years$10,407$9,106$7,948$6,922$6,016$5,072
14 years$9,564$8,277$7,142$6,144$5,273$4,377
15 years$8,834$7,562$6,448$5,480$4,643$3,793
16 years$8,196$6,938$5,846$4,907$4,104$3,298
17 years$7,634$6,389$5,320$4,408$3,638$2,877
18 years$7,135$5,904$4,856$3,973$3,235$2,515
19 years$6,689$5,472$4,446$3,590$2,884$2,204
20 years$6,288$5,085$4,080$3,251$2,576$1,935
21 years$5,925$4,736$3,753$2,951$2,305$1,701
22 years$5,596$4,421$3,459$2,683$2,066$1,498
23 years$5,296$4,135$3,194$2,443$1,855$1,321
24 years$5,022$3,874$2,953$2,229$1,667$1,166
25 years$4,770$3,636$2,736$2,035$1,500$1,030
26 years$4,537$3,417$2,537$1,861$1,351$910
27 years$4,322$3,216$2,356$1,703$1,218$806
28 years$4,123$3,030$2,190$1,561$1,099$713
29 years$3,938$2,859$2,038$1,431$993$632
30 years$3,766$2,700$1,898$1,313$897$560
31 years$3,605$2,552$1,770$1,206$811$496
32 years$3,454$2,415$1,651$1,109$733$440
33 years$3,313$2,287$1,542$1,019$664$391
34 years$3,180$2,167$1,441$938$601$347
35 years$3,056$2,056$1,347$863$544$308
36 years$2,938$1,951$1,260$795$493$273
37 years$2,827$1,853$1,179$733$447$243
38 years$2,722$1,761$1,104$675$405$216
39 years$2,623$1,675$1,035$623$367$192
40 years$2,529$1,593$970$574$333$170
41 years$2,440$1,517$909$530$302$151
42 years$2,355$1,444$853$489$274$135
43 years$2,275$1,376$800$451$249$120
44 years$2,198$1,312$751$417$226$106
45 years$2,125$1,251$705$385$205$95
46 years$2,055$1,193$663$356$186$84
47 years$1,989$1,139$622$329$169$75
48 years$1,925$1,087$585$304$154$66
49 years$1,864$1,038$550$281$140$59
50 years$1,806$992$517$259$127$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,850,000, adding $3,657 every year, while hoping to spend $30,986 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: 82/11/7 Blend
63$1,850,000$1,850,000$1,850,000$1,850,000
64$2,042,472$1,944,422$1,915,747$2,208,276
65$2,217,835$2,006,730$1,946,956$2,379,546
66$2,410,047$2,071,052$1,978,172$2,563,012
67$2,620,794$2,137,455$2,009,362$2,763,467
68$2,851,931$2,206,007$2,040,492$2,982,596
69$3,105,504$2,276,778$2,071,525$3,222,250
70$3,383,767$2,349,841$2,102,422$3,484,473
71$3,689,199$2,425,272$2,133,141$3,771,511
72$4,024,535$2,503,147$2,163,639$4,085,840
73$4,392,784$2,583,548$2,193,868$4,430,188
74$4,797,264$2,666,558$2,223,778$4,807,556
75$5,241,629$2,752,263$2,253,318$5,221,253
76$5,729,902$2,840,750$2,282,431$5,674,922
77$6,266,518$2,932,113$2,311,058$6,172,577
78$6,856,362$3,026,446$2,339,138$6,718,638
79$7,504,816$3,123,848$2,366,605$7,317,975
80$8,217,810$3,224,418$2,393,388$7,975,954
81$9,001,874$3,328,263$2,419,415$8,698,483
82$9,864,208$3,435,490$2,444,608$9,492,073
83$10,812,741$3,546,213$2,468,885$10,363,899
84$11,856,208$3,660,545$2,492,161$11,321,860
85$13,004,237$3,778,608$2,514,345$12,374,665
86$14,267,435$3,900,525$2,535,340$13,531,903
87$15,657,486$4,026,423$2,555,047$14,804,145
88$17,187,268$4,156,436$2,573,359$16,203,032
89$18,870,968$4,290,701$2,590,166$17,741,393
90$20,724,220$4,429,358$2,605,349$19,433,363
91$22,764,248$4,572,555$2,618,787$21,294,516
92$25,010,034$4,720,442$2,630,348$23,342,011
93$27,482,490$4,873,176$2,639,897$25,594,755
94$30,204,661$5,030,919$2,647,291$28,073,581
95$33,201,942$5,193,839$2,652,380$30,801,444
96$36,502,311$5,362,109$2,655,007$33,803,638
97$40,136,602$5,535,908$2,655,005$37,108,031
98$44,138,789$5,715,421$2,652,201$40,745,335
99$48,546,310$5,900,840$2,646,414$44,749,387
100$53,400,416$6,092,364$2,637,451$49,157,476