Can I retire at age 64 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$156,074$154,684$153,328$152,004$150,711$150,076
2 years$77,265$75,826$74,431$73,079$71,767$71,126
3 years$50,998$49,553$48,162$46,822$45,532$44,905
4 years$37,867$36,427$35,049$33,733$32,474$31,865
5 years$29,991$28,559$27,200$25,910$24,686$24,098
6 years$24,742$23,320$21,981$20,720$19,533$18,966
7 years$20,994$19,585$18,267$17,035$15,886$15,340
8 years$18,184$16,788$15,492$14,291$13,179$12,655
9 years$16,000$14,617$13,343$12,172$11,098$10,596
10 years$14,254$12,884$11,633$10,493$9,456$8,975
11 years$12,826$11,470$10,241$9,132$8,133$7,672
12 years$11,637$10,295$9,089$8,010$7,048$6,607
13 years$10,632$9,303$8,120$7,071$6,146$5,726
14 years$9,771$8,456$7,296$6,277$5,387$4,987
15 years$9,025$7,725$6,587$5,598$4,743$4,362
16 years$8,373$7,088$5,972$5,013$4,192$3,829
17 years$7,799$6,527$5,435$4,504$3,717$3,372
18 years$7,289$6,032$4,961$4,059$3,305$2,978
19 years$6,833$5,590$4,542$3,667$2,946$2,636
20 years$6,424$5,195$4,168$3,322$2,631$2,338
21 years$6,053$4,839$3,834$3,015$2,355$2,077
22 years$5,717$4,517$3,534$2,741$2,111$1,848
23 years$5,411$4,224$3,263$2,496$1,895$1,647
24 years$5,130$3,958$3,017$2,277$1,703$1,469
25 years$4,873$3,714$2,795$2,079$1,532$1,312
26 years$4,635$3,491$2,592$1,901$1,380$1,172
27 years$4,416$3,285$2,407$1,740$1,245$1,049
28 years$4,212$3,096$2,237$1,594$1,123$939
29 years$4,023$2,920$2,082$1,462$1,014$841
30 years$3,847$2,758$1,939$1,342$916$754
31 years$3,683$2,607$1,808$1,232$828$676
32 years$3,529$2,467$1,687$1,133$749$607
33 years$3,385$2,336$1,575$1,041$678$545
34 years$3,249$2,214$1,472$958$614$489
35 years$3,122$2,100$1,376$882$556$439
36 years$3,002$1,993$1,287$812$504$395
37 years$2,888$1,893$1,205$749$457$355
38 years$2,781$1,799$1,128$690$414$319
39 years$2,680$1,711$1,057$636$375$287
40 years$2,584$1,628$991$587$341$258
41 years$2,493$1,550$929$541$309$232
42 years$2,406$1,476$871$500$280$209
43 years$2,324$1,406$818$461$254$188
44 years$2,246$1,340$768$426$231$169
45 years$2,171$1,278$721$393$210$152
46 years$2,100$1,219$677$363$190$137
47 years$2,032$1,164$636$336$173$123
48 years$1,967$1,111$598$310$157$111
49 years$1,905$1,061$562$287$143$100
50 years$1,845$1,013$528$265$129$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,890,000, adding $2,433 every year, while hoping to spend $57,184 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: 67/19/14 Blend
63$1,890,000$1,890,000$1,890,000$1,890,000
64$2,085,290$1,985,120$1,955,825$2,218,089
65$2,237,146$2,021,547$1,960,501$2,343,364
66$2,402,575$2,057,843$1,963,418$2,473,320
67$2,582,901$2,093,941$1,964,456$2,613,970
68$2,779,580$2,129,768$1,963,489$2,766,355
69$2,994,218$2,165,247$1,960,387$2,931,626
70$3,228,579$2,200,295$1,955,010$3,111,051
71$3,484,607$2,234,822$1,947,216$3,306,024
72$3,764,441$2,268,732$1,936,852$3,518,086
73$4,070,437$2,301,923$1,923,759$3,748,932
74$4,405,188$2,334,284$1,907,772$4,000,431
75$4,771,551$2,365,697$1,888,715$4,274,643
76$5,172,668$2,396,036$1,866,407$4,573,839
77$5,612,004$2,425,165$1,840,655$4,900,520
78$6,093,372$2,452,941$1,811,260$5,257,445
79$6,620,970$2,479,210$1,778,012$5,647,653
80$7,199,426$2,503,808$1,740,692$6,074,496
81$7,833,831$2,526,559$1,699,069$6,541,666
82$8,529,798$2,547,276$1,652,904$7,053,236
83$9,293,507$2,565,762$1,601,946$7,613,691
84$10,131,764$2,581,804$1,545,931$8,227,978
85$11,052,069$2,595,177$1,484,584$8,901,550
86$12,062,681$2,605,642$1,417,619$9,640,415
87$13,172,700$2,612,943$1,344,734$10,451,198
88$14,392,149$2,616,811$1,265,616$11,341,201
89$15,732,070$2,616,957$1,179,936$12,318,473
90$17,204,628$2,613,075$1,087,352$13,391,884
91$18,823,226$2,604,842$987,504$14,571,215
92$20,602,629$2,591,912$880,019$15,867,243
93$22,559,103$2,573,922$764,505$17,291,851
94$24,710,569$2,550,482$640,554$18,858,135
95$27,076,774$2,521,183$507,740$20,580,530
96$29,679,473$2,485,588$365,616$22,474,948
97$32,542,633$2,443,236$213,719$24,558,928
98$35,692,666$2,393,639$51,563$26,851,801
99$39,158,669$2,336,278$0$29,374,876
100$42,972,702$2,270,605$0$32,169,787