Can I retire at age 64 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$158,552$157,140$155,762$154,417$153,103$147,437
2 years$78,491$77,029$75,612$74,239$72,906$67,261
3 years$51,808$50,339$48,926$47,566$46,255$40,809
4 years$38,468$37,005$35,606$34,268$32,989$27,784
5 years$30,467$29,012$27,632$26,321$25,078$20,127
6 years$25,135$23,691$22,330$21,049$19,843$15,150
7 years$21,327$19,895$18,557$17,306$16,138$11,701
8 years$18,473$17,054$15,738$14,517$13,388$9,203
9 years$16,254$14,849$13,555$12,366$11,275$7,337
10 years$14,480$13,088$11,817$10,659$9,607$5,908
11 years$13,029$11,652$10,404$9,277$8,262$4,795
12 years$11,822$10,458$9,233$8,137$7,160$3,916
13 years$10,800$9,451$8,249$7,184$6,243$3,214
14 years$9,926$8,591$7,412$6,377$5,473$2,648
15 years$9,168$7,848$6,692$5,687$4,819$2,188
16 years$8,506$7,200$6,067$5,092$4,259$1,813
17 years$7,923$6,631$5,521$4,575$3,776$1,506
18 years$7,405$6,127$5,040$4,123$3,358$1,252
19 years$6,942$5,679$4,614$3,726$2,993$1,043
20 years$6,525$5,277$4,234$3,374$2,673$870
21 years$6,149$4,915$3,895$3,062$2,392$726
22 years$5,808$4,588$3,590$2,784$2,144$607
23 years$5,497$4,291$3,314$2,536$1,925$507
24 years$5,212$4,021$3,065$2,313$1,730$424
25 years$4,950$3,773$2,839$2,112$1,557$355
26 years$4,709$3,546$2,633$1,931$1,402$297
27 years$4,486$3,337$2,445$1,768$1,264$249
28 years$4,279$3,145$2,273$1,620$1,141$209
29 years$4,087$2,967$2,115$1,485$1,030$175
30 years$3,908$2,802$1,970$1,363$931$147
31 years$3,741$2,649$1,837$1,252$841$123
32 years$3,585$2,506$1,714$1,151$761$103
33 years$3,438$2,373$1,600$1,058$689$86
34 years$3,301$2,249$1,495$973$624$72
35 years$3,171$2,134$1,398$896$565$61
36 years$3,049$2,025$1,308$825$512$51
37 years$2,934$1,923$1,224$760$464$43
38 years$2,825$1,828$1,146$701$421$36
39 years$2,723$1,738$1,074$646$381$30
40 years$2,625$1,654$1,006$596$346$25
41 years$2,532$1,574$944$550$314$21
42 years$2,444$1,499$885$508$285$18
43 years$2,361$1,428$831$469$258$15
44 years$2,281$1,362$780$433$235$12
45 years$2,205$1,298$732$400$213$10
46 years$2,133$1,239$688$369$193$9
47 years$2,064$1,182$646$341$176$7
48 years$1,998$1,128$607$315$159$6
49 years$1,935$1,078$571$291$145$5
50 years$1,875$1,029$536$269$132$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,920,000, adding $6,212 every year, while hoping to spend $21,885 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: 32/42/26 Blend
63$1,920,000$1,920,000$1,920,000$1,920,000
64$2,122,248$2,020,488$1,990,728$2,173,107
65$2,315,431$2,096,206$2,034,132$2,288,094
66$2,527,587$2,174,901$2,078,256$2,409,482
67$2,760,625$2,256,696$2,123,102$2,539,795
68$3,016,653$2,341,718$2,168,670$2,679,832
69$3,297,990$2,430,101$2,214,959$2,830,471
70$3,607,194$2,521,985$2,261,969$2,992,675
71$3,947,080$2,617,514$2,309,697$3,167,498
72$4,320,750$2,716,841$2,358,141$3,356,103
73$4,731,624$2,820,123$2,407,296$3,559,762
74$5,183,467$2,927,527$2,457,157$3,779,876
75$5,680,428$3,039,223$2,507,720$4,017,983
76$6,227,079$3,155,392$2,558,976$4,275,770
77$6,828,457$3,276,222$2,610,917$4,555,097
78$7,490,111$3,401,908$2,663,534$4,858,002
79$8,218,156$3,532,655$2,716,816$5,186,730
80$9,019,329$3,668,677$2,770,751$5,543,747
81$9,901,054$3,810,196$2,825,324$5,931,765
82$10,871,510$3,957,444$2,880,521$6,353,768
83$11,939,710$4,110,664$2,936,325$6,813,036
84$13,115,585$4,270,111$2,992,716$7,313,177
85$14,410,076$4,436,048$3,049,673$7,858,163
86$15,835,242$4,608,753$3,107,175$8,452,359
87$17,404,367$4,788,513$3,165,197$9,100,572
88$19,132,093$4,975,630$3,223,711$9,808,090
89$21,034,549$5,170,418$3,282,688$10,580,733
90$23,129,512$5,373,208$3,342,097$11,424,905
91$25,436,569$5,584,341$3,401,904$12,347,656
92$27,977,302$5,804,178$3,462,071$13,356,745
93$30,775,496$6,033,091$3,522,559$14,460,714
94$33,857,357$6,271,474$3,583,326$15,668,965
95$37,251,766$6,519,734$3,644,325$16,991,850
96$40,990,544$6,778,299$3,705,508$18,440,767
97$45,108,759$7,047,615$3,766,822$20,028,264
98$49,645,053$7,328,149$3,828,212$21,768,159
99$54,642,008$7,620,388$3,889,616$23,675,666
100$60,146,547$7,924,841$3,950,973$25,767,541