Can I retire at age 64 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$157,726$156,321$154,950$153,612$152,306$146,961
2 years$78,082$76,628$75,219$73,852$72,527$67,197
3 years$51,538$50,077$48,671$47,318$46,014$40,868
4 years$38,268$36,812$35,420$34,090$32,818$27,895
5 years$30,308$28,861$27,488$26,184$24,947$20,260
6 years$25,004$23,567$22,214$20,940$19,740$15,292
7 years$21,216$19,792$18,460$17,216$16,054$11,845
8 years$18,377$16,965$15,656$14,442$13,318$9,344
9 years$16,169$14,771$13,484$12,301$11,216$7,472
10 years$14,405$13,020$11,756$10,604$9,557$6,036
11 years$12,962$11,591$10,350$9,228$8,219$4,915
12 years$11,760$10,404$9,185$8,095$7,122$4,027
13 years$10,744$9,402$8,206$7,146$6,211$3,316
14 years$9,874$8,546$7,373$6,344$5,444$2,742
15 years$9,121$7,807$6,657$5,657$4,794$2,274
16 years$8,462$7,163$6,036$5,066$4,237$1,891
17 years$7,882$6,597$5,492$4,551$3,756$1,576
18 years$7,366$6,095$5,014$4,102$3,340$1,316
19 years$6,906$5,649$4,590$3,706$2,977$1,100
20 years$6,491$5,250$4,212$3,357$2,659$921
21 years$6,117$4,890$3,874$3,046$2,380$772
22 years$5,778$4,564$3,571$2,770$2,133$648
23 years$5,468$4,269$3,297$2,523$1,915$543
24 years$5,185$4,000$3,049$2,301$1,721$456
25 years$4,924$3,754$2,824$2,101$1,549$384
26 years$4,684$3,528$2,619$1,921$1,395$322
27 years$4,463$3,320$2,432$1,759$1,258$271
28 years$4,257$3,128$2,261$1,611$1,135$228
29 years$4,066$2,951$2,104$1,478$1,025$192
30 years$3,888$2,787$1,960$1,356$926$161
31 years$3,722$2,635$1,827$1,245$837$136
32 years$3,566$2,493$1,705$1,145$757$114
33 years$3,421$2,361$1,592$1,052$685$96
34 years$3,284$2,238$1,487$968$620$81
35 years$3,155$2,122$1,391$891$562$68
36 years$3,034$2,014$1,301$821$509$58
37 years$2,919$1,913$1,218$756$461$48
38 years$2,811$1,818$1,140$697$418$41
39 years$2,708$1,729$1,068$643$379$34
40 years$2,611$1,645$1,001$593$344$29
41 years$2,519$1,566$939$547$312$24
42 years$2,432$1,491$881$505$283$21
43 years$2,349$1,421$826$466$257$17
44 years$2,269$1,354$776$430$233$15
45 years$2,194$1,292$728$397$212$12
46 years$2,122$1,232$684$367$192$10
47 years$2,053$1,176$643$339$175$9
48 years$1,988$1,122$604$313$159$7
49 years$1,925$1,072$568$290$144$6
50 years$1,865$1,024$534$268$131$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,910,000, adding $3,820 every year, while hoping to spend $43,893 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: 64/25/11 Blend
63$1,910,000$1,910,000$1,910,000$1,910,000
64$2,108,760$2,007,530$1,977,925$2,238,282
65$2,277,152$2,059,198$1,997,484$2,376,931
66$2,461,249$2,111,925$2,016,227$2,522,849
67$2,662,606$2,165,719$2,034,080$2,681,122
68$2,882,936$2,220,584$2,050,966$2,852,952
69$3,124,125$2,276,522$2,066,803$3,039,659
70$3,388,250$2,333,536$2,081,506$3,242,700
71$3,677,598$2,391,626$2,094,983$3,463,677
72$3,994,688$2,450,790$2,107,139$3,704,356
73$4,342,293$2,511,026$2,117,875$3,966,681
74$4,723,468$2,572,328$2,127,085$4,252,792
75$5,141,579$2,634,688$2,134,659$4,565,050
76$5,600,330$2,698,099$2,140,481$4,906,053
77$6,103,805$2,762,547$2,144,428$5,278,662
78$6,656,500$2,828,019$2,146,374$5,686,031
79$7,263,369$2,894,497$2,146,183$6,131,635
80$7,929,867$2,961,962$2,143,714$6,619,299
81$8,662,005$3,030,390$2,138,820$7,153,240
82$9,466,405$3,099,754$2,131,346$7,738,105
83$10,350,362$3,170,025$2,121,130$8,379,011
84$11,321,911$3,241,169$2,108,000$9,081,599
85$12,389,906$3,313,146$2,091,778$9,852,082
86$13,564,101$3,385,915$2,072,277$10,697,307
87$14,855,243$3,459,428$2,049,302$11,624,820
88$16,275,170$3,533,633$2,022,646$12,642,932
89$17,836,928$3,608,472$1,992,096$13,760,806
90$19,554,889$3,683,881$1,957,425$14,988,535
91$21,444,887$3,759,790$1,918,398$16,337,243
92$23,524,370$3,836,124$1,874,769$17,819,187
93$25,812,561$3,912,800$1,826,279$19,447,874
94$28,330,643$3,989,728$1,772,660$21,238,190
95$31,101,952$4,066,808$1,713,628$23,206,536
96$34,152,205$4,143,936$1,648,888$25,370,988
97$37,509,736$4,220,995$1,578,132$27,751,465
98$41,205,767$4,297,861$1,501,037$30,369,917
99$45,274,698$4,374,400$1,417,265$33,250,535
100$49,754,438$4,450,466$1,326,464$36,419,974