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%16.4%
1 years$157,726$156,321$154,950$153,612$152,306$148,323
2 years$78,082$76,628$75,219$73,852$72,527$68,541
3 years$51,538$50,077$48,671$47,318$46,014$42,151
4 years$38,268$36,812$35,420$34,090$32,818$29,106
5 years$30,308$28,861$27,488$26,184$24,947$21,398
6 years$25,004$23,567$22,214$20,940$19,740$16,356
7 years$21,216$19,792$18,460$17,216$16,054$12,835
8 years$18,377$16,965$15,656$14,442$13,318$10,264
9 years$16,169$14,771$13,484$12,301$11,216$8,323
10 years$14,405$13,020$11,756$10,604$9,557$6,821
11 years$12,962$11,591$10,350$9,228$8,219$5,638
12 years$11,760$10,404$9,185$8,095$7,122$4,690
13 years$10,744$9,402$8,206$7,146$6,211$3,923
14 years$9,874$8,546$7,373$6,344$5,444$3,295
15 years$9,121$7,807$6,657$5,657$4,794$2,778
16 years$8,462$7,163$6,036$5,066$4,237$2,349
17 years$7,882$6,597$5,492$4,551$3,756$1,991
18 years$7,366$6,095$5,014$4,102$3,340$1,691
19 years$6,906$5,649$4,590$3,706$2,977$1,438
20 years$6,491$5,250$4,212$3,357$2,659$1,226
21 years$6,117$4,890$3,874$3,046$2,380$1,045
22 years$5,778$4,564$3,571$2,770$2,133$893
23 years$5,468$4,269$3,297$2,523$1,915$763
24 years$5,185$4,000$3,049$2,301$1,721$653
25 years$4,924$3,754$2,824$2,101$1,549$559
26 years$4,684$3,528$2,619$1,921$1,395$478
27 years$4,463$3,320$2,432$1,759$1,258$410
28 years$4,257$3,128$2,261$1,611$1,135$351
29 years$4,066$2,951$2,104$1,478$1,025$301
30 years$3,888$2,787$1,960$1,356$926$258
31 years$3,722$2,635$1,827$1,245$837$222
32 years$3,566$2,493$1,705$1,145$757$190
33 years$3,421$2,361$1,592$1,052$685$163
34 years$3,284$2,238$1,487$968$620$140
35 years$3,155$2,122$1,391$891$562$120
36 years$3,034$2,014$1,301$821$509$103
37 years$2,919$1,913$1,218$756$461$89
38 years$2,811$1,818$1,140$697$418$76
39 years$2,708$1,729$1,068$643$379$65
40 years$2,611$1,645$1,001$593$344$56
41 years$2,519$1,566$939$547$312$48
42 years$2,432$1,491$881$505$283$41
43 years$2,349$1,421$826$466$257$36
44 years$2,269$1,354$776$430$233$31
45 years$2,194$1,292$728$397$212$26
46 years$2,122$1,232$684$367$192$23
47 years$2,053$1,176$643$339$175$19
48 years$1,988$1,122$604$313$159$17
49 years$1,925$1,072$568$290$144$14
50 years$1,865$1,024$534$268$131$12

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 $3,213 every year, while hoping to spend $40,802 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: 47/47/6 Blend
63$1,910,000$1,910,000$1,910,000$1,910,000
64$2,108,134$2,006,904$1,977,299$2,203,721
65$2,279,751$2,061,830$2,000,126$2,324,514
66$2,467,505$2,118,079$2,022,349$2,450,970
67$2,672,999$2,175,673$2,043,907$2,587,239
68$2,897,999$2,234,635$2,064,732$2,734,243
69$3,144,448$2,294,985$2,084,753$2,892,994
70$3,414,487$2,356,745$2,103,897$3,064,607
71$3,710,472$2,419,933$2,122,086$3,250,308
72$4,035,001$2,484,571$2,139,237$3,451,447
73$4,390,933$2,550,676$2,155,263$3,669,508
74$4,781,417$2,618,268$2,170,073$3,906,127
75$5,209,923$2,687,365$2,183,572$4,163,103
76$5,680,272$2,757,982$2,195,658$4,442,417
77$6,196,673$2,830,136$2,206,226$4,746,252
78$6,763,762$2,903,842$2,215,163$5,077,008
79$7,386,648$2,979,113$2,222,354$5,437,332
80$8,070,958$3,055,961$2,227,674$5,830,135
81$8,822,889$3,134,396$2,230,994$6,258,627
82$9,649,272$3,214,429$2,232,180$6,726,339
83$10,557,628$3,296,067$2,231,089$7,237,165
84$11,556,247$3,379,315$2,227,571$7,795,389
85$12,654,260$3,464,177$2,221,471$8,405,735
86$13,861,727$3,550,655$2,212,623$9,073,404
87$15,189,733$3,638,747$2,200,856$9,804,125
88$16,650,490$3,728,450$2,185,989$10,604,211
89$18,257,454$3,819,757$2,167,833$11,480,617
90$20,025,449$3,912,661$2,146,190$12,441,005
91$21,970,811$4,007,146$2,120,853$13,493,815
92$24,111,536$4,103,199$2,091,605$14,648,349
93$26,467,456$4,200,799$2,058,217$15,914,855
94$29,060,421$4,299,923$2,020,451$17,304,622
95$31,914,507$4,400,542$1,978,059$18,830,092
96$35,056,242$4,502,624$1,930,780$20,504,973
97$38,514,858$4,606,132$1,878,340$22,344,370
98$42,322,563$4,711,022$1,820,454$24,364,926
99$46,514,848$4,817,246$1,756,823$26,584,982
100$51,130,821$4,924,749$1,687,135$29,024,747