Can I retire at age 64 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$133,778$132,586$131,424$130,289$129,181$126,937
2 years$66,227$64,993$63,798$62,639$61,515$59,261
3 years$43,713$42,474$41,282$40,133$39,028$36,834
4 years$32,458$31,223$30,042$28,914$27,835$25,719
5 years$25,707$24,479$23,314$22,209$21,160$19,127
6 years$21,207$19,989$18,841$17,760$16,743$14,797
7 years$17,995$16,787$15,657$14,602$13,616$11,757
8 years$15,586$14,389$13,279$12,249$11,296$9,523
9 years$13,714$12,528$11,437$10,434$9,513$7,825
10 years$12,217$11,043$9,971$8,994$8,106$6,501
11 years$10,994$9,831$8,778$7,827$6,971$5,448
12 years$9,974$8,824$7,790$6,866$6,041$4,598
13 years$9,113$7,974$6,960$6,061$5,268$3,902
14 years$8,375$7,248$6,254$5,381$4,618$3,328
15 years$7,736$6,622$5,646$4,798$4,066$2,848
16 years$7,177$6,075$5,119$4,297$3,593$2,446
17 years$6,685$5,595$4,658$3,860$3,186$2,106
18 years$6,248$5,170$4,252$3,479$2,833$1,818
19 years$5,857$4,791$3,893$3,144$2,525$1,572
20 years$5,506$4,452$3,573$2,847$2,255$1,362
21 years$5,189$4,147$3,286$2,584$2,018$1,182
22 years$4,900$3,871$3,029$2,349$1,809$1,026
23 years$4,638$3,621$2,797$2,140$1,624$892
24 years$4,397$3,392$2,586$1,951$1,460$777
25 years$4,177$3,184$2,395$1,782$1,314$676
26 years$3,973$2,992$2,222$1,630$1,183$590
27 years$3,785$2,816$2,063$1,492$1,067$514
28 years$3,611$2,653$1,918$1,367$963$449
29 years$3,449$2,503$1,785$1,253$869$392
30 years$3,298$2,364$1,662$1,150$785$342
31 years$3,157$2,235$1,550$1,056$710$299
32 years$3,025$2,115$1,446$971$642$261
33 years$2,901$2,003$1,350$893$581$228
34 years$2,785$1,898$1,261$821$526$200
35 years$2,676$1,800$1,179$756$477$174
36 years$2,573$1,709$1,103$696$432$153
37 years$2,476$1,623$1,033$642$391$133
38 years$2,384$1,542$967$591$355$117
39 years$2,297$1,467$906$545$322$102
40 years$2,215$1,395$849$503$292$89
41 years$2,137$1,328$796$464$265$78
42 years$2,062$1,265$747$428$240$68
43 years$1,992$1,205$701$395$218$60
44 years$1,925$1,149$658$365$198$52
45 years$1,861$1,095$618$337$180$46
46 years$1,800$1,045$580$311$163$40
47 years$1,742$997$545$288$148$35
48 years$1,686$952$512$266$135$31
49 years$1,633$909$481$246$122$27
50 years$1,582$868$453$227$111$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,620,000, adding $5,452 every year, while hoping to spend $56,123 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: 53/41/6 Blend
63$1,620,000$1,620,000$1,620,000$1,620,000
64$1,790,864$1,705,004$1,679,894$1,883,019
65$1,913,817$1,728,834$1,676,456$1,969,843
66$2,047,431$1,751,952$1,671,022$2,057,631
67$2,192,734$1,774,262$1,663,465$2,151,771
68$2,350,855$1,795,664$1,653,654$2,252,872
69$2,523,041$1,816,050$1,641,450$2,361,607
70$2,710,660$1,835,305$1,626,708$2,478,718
71$2,915,220$1,853,308$1,609,275$2,605,022
72$3,138,380$1,869,927$1,588,992$2,741,423
73$3,381,964$1,885,023$1,565,693$2,888,917
74$3,647,983$1,898,448$1,539,203$3,048,603
75$3,938,650$1,910,044$1,509,339$3,221,695
76$4,256,400$1,919,644$1,475,909$3,409,530
77$4,603,914$1,927,068$1,438,714$3,613,588
78$4,984,146$1,932,127$1,397,543$3,835,497
79$5,400,347$1,934,619$1,352,178$4,077,056
80$5,856,096$1,934,329$1,302,390$4,340,250
81$6,355,336$1,931,029$1,247,939$4,627,268
82$6,902,409$1,924,479$1,188,574$4,940,529
83$7,502,097$1,914,420$1,124,033$5,282,697
84$8,159,665$1,900,581$1,054,043$5,656,715
85$8,880,915$1,882,674$978,317$6,065,829
86$9,672,235$1,860,391$896,557$6,513,620
87$10,540,661$1,833,409$808,450$7,004,039
88$11,493,946$1,801,383$713,670$7,541,447
89$12,540,627$1,763,949$611,877$8,130,651
90$13,690,110$1,720,721$502,713$8,776,959
91$14,952,755$1,671,291$385,809$9,486,222
92$16,339,978$1,615,226$260,775$10,264,897
93$17,864,351$1,552,068$127,206$11,120,108
94$19,539,728$1,481,332$0$12,059,709
95$21,381,370$1,402,507$0$13,093,349
96$23,406,089$1,315,050$0$14,238,360
97$25,632,411$1,218,387$0$15,497,162
98$28,080,742$1,111,914$0$16,881,413
99$30,773,569$994,989$0$18,403,971
100$33,735,665$866,935$0$20,079,015