Can I retire at age 64 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$155,249$153,866$152,517$151,200$149,914$145,640
2 years$76,856$75,424$74,037$72,692$71,388$67,115
3 years$50,728$49,291$47,907$46,575$45,291$41,154
4 years$37,667$36,234$34,864$33,554$32,302$28,332
5 years$29,832$28,408$27,056$25,773$24,556$20,763
6 years$24,611$23,197$21,865$20,611$19,430$15,819
7 years$20,883$19,481$18,170$16,945$15,802$12,372
8 years$18,088$16,699$15,410$14,215$13,109$9,858
9 years$15,915$14,539$13,272$12,108$11,040$7,965
10 years$14,178$12,816$11,571$10,437$9,406$6,504
11 years$12,758$11,409$10,187$9,084$8,090$5,354
12 years$11,575$10,240$9,041$7,967$7,010$4,437
13 years$10,575$9,254$8,077$7,034$6,113$3,696
14 years$9,719$8,412$7,257$6,244$5,359$3,092
15 years$8,977$7,684$6,553$5,569$4,718$2,596
16 years$8,329$7,050$5,941$4,986$4,170$2,185
17 years$7,758$6,493$5,406$4,480$3,697$1,844
18 years$7,250$6,000$4,935$4,037$3,288$1,559
19 years$6,797$5,560$4,518$3,648$2,930$1,321
20 years$6,390$5,167$4,146$3,304$2,617$1,120
21 years$6,021$4,813$3,814$2,999$2,342$951
22 years$5,687$4,493$3,515$2,726$2,100$808
23 years$5,382$4,202$3,245$2,483$1,885$688
24 years$5,103$3,937$3,001$2,265$1,694$585
25 years$4,847$3,695$2,780$2,068$1,524$499
26 years$4,611$3,472$2,578$1,891$1,373$425
27 years$4,392$3,268$2,394$1,731$1,238$362
28 years$4,190$3,079$2,226$1,586$1,117$309
29 years$4,002$2,905$2,071$1,454$1,009$264
30 years$3,827$2,743$1,929$1,335$911$225
31 years$3,663$2,593$1,799$1,226$824$192
32 years$3,510$2,454$1,678$1,127$745$164
33 years$3,367$2,324$1,567$1,036$675$140
34 years$3,232$2,203$1,464$953$611$120
35 years$3,105$2,089$1,369$877$553$102
36 years$2,986$1,983$1,280$808$501$87
37 years$2,873$1,883$1,198$745$454$75
38 years$2,767$1,790$1,122$686$412$64
39 years$2,666$1,702$1,051$633$373$54
40 years$2,570$1,619$985$584$339$46
41 years$2,480$1,541$924$538$307$40
42 years$2,394$1,468$867$497$279$34
43 years$2,312$1,399$813$459$253$29
44 years$2,234$1,333$764$424$230$25
45 years$2,159$1,271$717$391$209$21
46 years$2,089$1,213$673$361$189$18
47 years$2,021$1,157$633$334$172$15
48 years$1,956$1,105$594$308$156$13
49 years$1,895$1,055$559$285$142$11
50 years$1,836$1,008$525$264$129$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,880,000, adding $6,496 every year, while hoping to spend $37,706 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: 72/8/20 Blend
63$1,880,000$1,880,000$1,880,000$1,880,000
64$2,078,461$1,978,821$1,949,681$2,217,632
65$2,250,345$2,035,664$1,974,876$2,367,926
66$2,438,497$2,094,029$1,999,652$2,527,339
67$2,644,538$2,153,950$2,023,954$2,700,981
68$2,870,250$2,215,463$2,047,726$2,890,259
69$3,117,598$2,278,603$2,070,907$3,096,721
70$3,388,744$2,343,406$2,093,434$3,322,074
71$3,686,072$2,409,909$2,115,239$3,568,198
72$4,012,205$2,478,148$2,136,254$3,837,164
73$4,370,033$2,548,160$2,156,401$4,131,251
74$4,762,740$2,619,984$2,175,605$4,452,973
75$5,193,833$2,693,657$2,193,781$4,805,100
76$5,667,174$2,769,216$2,210,842$5,190,680
77$6,187,018$2,846,700$2,226,698$5,613,074
78$6,758,053$2,926,147$2,241,251$6,075,985
79$7,385,442$3,007,595$2,254,401$6,583,493
80$8,074,873$3,091,084$2,266,040$7,140,092
81$8,832,615$3,176,652$2,276,056$7,750,735
82$9,665,570$3,264,336$2,284,333$8,420,878
83$10,581,346$3,354,176$2,290,746$9,156,536
84$11,588,322$3,446,210$2,295,165$9,964,334
85$12,695,732$3,540,475$2,297,454$10,851,573
86$13,913,748$3,637,010$2,297,469$11,826,297
87$15,253,577$3,735,850$2,295,062$12,897,372
88$16,727,569$3,837,034$2,290,073$14,074,567
89$18,349,329$3,940,596$2,282,339$15,368,645
90$20,133,848$4,046,573$2,271,685$16,791,469
91$22,097,644$4,154,999$2,257,930$18,356,110
92$24,258,917$4,265,907$2,240,883$20,076,972
93$26,637,720$4,379,330$2,220,346$21,969,928
94$29,256,149$4,495,299$2,196,110$24,052,470
95$32,138,552$4,613,844$2,167,955$26,343,874
96$35,311,755$4,734,994$2,135,653$28,865,380
97$38,805,320$4,858,774$2,098,963$31,640,395
98$42,651,819$4,985,210$2,057,635$34,694,716
99$46,887,145$5,114,325$2,011,405$38,056,768
100$51,550,846$5,246,140$1,959,999$41,757,876