Can I retire at age 64 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$159,378$157,958$156,573$155,221$153,901$148,146
2 years$78,900$77,430$76,006$74,625$73,286$67,554
3 years$52,077$50,602$49,181$47,813$46,496$40,967
4 years$38,669$37,198$35,791$34,447$33,161$27,877
5 years$30,626$29,163$27,775$26,458$25,209$20,184
6 years$25,265$23,814$22,447$21,159$19,947$15,184
7 years$21,438$19,999$18,653$17,396$16,222$11,721
8 years$18,569$17,143$15,819$14,593$13,458$9,214
9 years$16,339$14,926$13,625$12,430$11,333$7,340
10 years$14,555$13,156$11,879$10,715$9,657$5,908
11 years$13,097$11,712$10,458$9,325$8,305$4,792
12 years$11,883$10,512$9,281$8,179$7,197$3,911
13 years$10,857$9,500$8,292$7,221$6,276$3,207
14 years$9,977$8,635$7,451$6,410$5,501$2,640
15 years$9,216$7,889$6,727$5,717$4,844$2,181
16 years$8,551$7,238$6,099$5,119$4,281$1,805
17 years$7,964$6,666$5,550$4,599$3,796$1,498
18 years$7,443$6,159$5,066$4,145$3,375$1,245
19 years$6,978$5,708$4,638$3,745$3,008$1,036
20 years$6,559$5,305$4,256$3,392$2,687$864
21 years$6,181$4,941$3,915$3,078$2,405$720
22 years$5,838$4,612$3,608$2,799$2,155$601
23 years$5,525$4,314$3,332$2,549$1,935$502
24 years$5,239$4,042$3,081$2,325$1,739$420
25 years$4,976$3,793$2,854$2,123$1,565$351
26 years$4,733$3,565$2,647$1,941$1,410$294
27 years$4,509$3,355$2,458$1,777$1,271$246
28 years$4,302$3,161$2,285$1,628$1,147$206
29 years$4,108$2,982$2,126$1,493$1,035$172
30 years$3,929$2,816$1,980$1,370$936$144
31 years$3,761$2,662$1,846$1,258$846$121
32 years$3,604$2,519$1,723$1,157$765$101
33 years$3,456$2,386$1,608$1,064$692$85
34 years$3,318$2,261$1,503$979$627$71
35 years$3,188$2,145$1,405$901$568$60
36 years$3,065$2,036$1,314$830$515$50
37 years$2,950$1,933$1,230$764$466$42
38 years$2,840$1,837$1,152$705$423$35
39 years$2,737$1,747$1,079$650$383$29
40 years$2,639$1,662$1,012$599$348$25
41 years$2,546$1,582$949$553$315$21
42 years$2,457$1,507$890$510$286$17
43 years$2,373$1,436$835$471$260$14
44 years$2,293$1,369$784$435$236$12
45 years$2,217$1,305$736$402$214$10
46 years$2,144$1,245$691$371$194$9
47 years$2,075$1,188$649$343$176$7
48 years$2,008$1,134$610$317$160$6
49 years$1,945$1,083$574$293$146$5
50 years$1,884$1,035$539$271$132$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,930,000, adding $2,411 every year, while hoping to spend $49,243 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: 61/14/25 Blend
63$1,930,000$1,930,000$1,930,000$1,930,000
64$2,129,347$2,027,057$1,997,142$2,244,902
65$2,294,146$2,073,989$2,011,652$2,370,576
66$2,474,104$2,121,569$2,024,998$2,502,111
67$2,670,716$2,169,779$2,037,088$2,644,613
68$2,885,626$2,218,595$2,047,828$2,799,160
69$3,120,646$2,267,992$2,057,116$2,966,939
70$3,377,769$2,317,941$2,064,846$3,149,260
71$3,659,191$2,368,410$2,070,908$3,347,565
72$3,967,331$2,419,364$2,075,186$3,563,445
73$4,304,850$2,470,765$2,077,556$3,798,652
74$4,674,681$2,522,568$2,077,890$4,055,118
75$5,080,053$2,574,729$2,076,054$4,334,972
76$5,524,522$2,627,194$2,071,906$4,640,561
77$6,012,006$2,679,909$2,065,297$4,974,471
78$6,546,818$2,732,813$2,056,073$5,339,554
79$7,133,711$2,785,838$2,044,069$5,738,953
80$7,777,920$2,838,915$2,029,115$6,176,131
81$8,485,210$2,891,964$2,011,033$6,654,908
82$9,261,933$2,944,901$1,989,634$7,179,492
83$10,115,085$2,997,636$1,964,722$7,754,522
84$11,052,375$3,050,071$1,936,091$8,385,114
85$12,082,292$3,102,100$1,903,525$9,076,902
86$13,214,193$3,153,610$1,866,800$9,836,102
87$14,458,382$3,204,478$1,825,679$10,669,562
88$15,826,213$3,254,574$1,779,915$11,584,831
89$17,330,194$3,303,756$1,729,250$12,590,230
90$18,984,108$3,351,873$1,673,414$13,694,933
91$20,803,137$3,398,765$1,612,123$14,909,049
92$22,804,010$3,444,258$1,545,083$16,243,722
93$25,005,160$3,488,167$1,471,984$17,711,236
94$27,426,894$3,530,295$1,392,503$19,325,129
95$30,091,587$3,570,430$1,306,302$21,100,326
96$33,023,895$3,608,347$1,213,029$23,053,275
97$36,250,981$3,643,805$1,112,314$25,202,106
98$39,802,778$3,676,548$1,003,774$27,566,804
99$43,712,265$3,706,303$887,004$30,169,395
100$48,015,783$3,732,778$761,585$33,034,155