Can I retire at age 64 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$136,255$135,042$133,858$132,702$131,573$130,471
2 years$67,453$66,197$64,979$63,799$62,654$61,543
3 years$44,522$43,260$42,046$40,877$39,750$38,665
4 years$33,059$31,801$30,599$29,449$28,350$27,299
5 years$26,183$24,932$23,746$22,620$21,551$20,537
6 years$21,600$20,359$19,190$18,089$17,053$16,077
7 years$18,328$17,098$15,947$14,872$13,869$12,932
8 years$15,875$14,656$13,524$12,476$11,505$10,608
9 years$13,968$12,761$11,649$10,627$9,689$8,830
10 years$12,444$11,248$10,156$9,160$8,256$7,435
11 years$11,197$10,013$8,941$7,972$7,100$6,317
12 years$10,159$8,987$7,935$6,993$6,153$5,406
13 years$9,281$8,122$7,089$6,174$5,365$4,655
14 years$8,530$7,383$6,370$5,480$4,703$4,028
15 years$7,879$6,744$5,751$4,887$4,141$3,500
16 years$7,310$6,188$5,214$4,376$3,660$3,052
17 years$6,809$5,699$4,745$3,932$3,245$2,669
18 years$6,363$5,266$4,331$3,543$2,885$2,340
19 years$5,966$4,880$3,965$3,202$2,572$2,057
20 years$5,608$4,535$3,639$2,900$2,297$1,811
21 years$5,285$4,224$3,347$2,632$2,056$1,597
22 years$4,991$3,943$3,085$2,393$1,843$1,410
23 years$4,724$3,688$2,848$2,179$1,654$1,247
24 years$4,479$3,455$2,634$1,988$1,487$1,104
25 years$4,254$3,243$2,440$1,815$1,338$979
26 years$4,047$3,048$2,263$1,660$1,205$868
27 years$3,855$2,868$2,101$1,519$1,086$770
28 years$3,677$2,703$1,953$1,392$980$684
29 years$3,512$2,550$1,818$1,276$885$608
30 years$3,359$2,408$1,693$1,171$800$541
31 years$3,215$2,276$1,578$1,076$723$481
32 years$3,081$2,154$1,473$989$654$428
33 years$2,955$2,040$1,375$909$592$381
34 years$2,837$1,933$1,285$837$536$339
35 years$2,725$1,834$1,201$770$485$302
36 years$2,621$1,740$1,124$709$440$269
37 years$2,522$1,653$1,052$653$399$240
38 years$2,428$1,571$985$602$361$214
39 years$2,340$1,494$923$555$328$191
40 years$2,256$1,421$865$512$297$170
41 years$2,176$1,353$811$473$270$152
42 years$2,101$1,288$761$436$245$135
43 years$2,029$1,228$714$403$222$121
44 years$1,960$1,170$670$372$202$108
45 years$1,895$1,116$629$343$183$96
46 years$1,833$1,064$591$317$166$86
47 years$1,774$1,016$555$293$151$76
48 years$1,717$970$522$271$137$68
49 years$1,663$926$490$250$124$61
50 years$1,611$885$461$231$113$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,650,000, adding $4,262 every year, while hoping to spend $49,836 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: 57/19/24 Blend
63$1,650,000$1,650,000$1,650,000$1,650,000
64$1,822,696$1,735,246$1,709,671$1,914,495
65$1,955,586$1,767,248$1,713,920$2,009,736
66$2,100,361$1,799,148$1,716,641$2,107,833
67$2,258,179$1,830,888$1,717,730$2,213,692
68$2,430,318$1,862,406$1,717,079$2,328,073
69$2,618,182$1,893,635$1,714,572$2,451,819
70$2,823,316$1,924,504$1,710,091$2,585,856
71$3,047,425$1,954,934$1,703,509$2,731,207
72$3,292,380$1,984,844$1,694,694$2,889,000
73$3,560,246$2,014,144$1,683,509$3,060,480
74$3,853,293$2,042,740$1,669,809$3,247,017
75$4,174,023$2,070,528$1,653,442$3,450,126
76$4,525,190$2,097,400$1,634,249$3,671,475
77$4,909,826$2,123,240$1,612,063$3,912,905
78$5,331,272$2,147,922$1,586,711$4,176,446
79$5,793,206$2,171,314$1,558,009$4,464,337
80$6,299,678$2,193,274$1,525,768$4,779,047
81$6,855,151$2,213,650$1,489,787$5,123,299
82$7,464,539$2,232,282$1,449,857$5,500,096
83$8,133,254$2,248,996$1,405,760$5,912,750
84$8,867,259$2,263,610$1,357,266$6,364,913
85$9,673,122$2,275,929$1,304,137$6,860,612
86$10,558,077$2,285,747$1,246,122$7,404,289
87$11,530,094$2,292,841$1,182,960$8,000,840
88$12,597,952$2,296,979$1,114,378$8,655,668
89$13,771,323$2,297,910$1,040,089$9,374,725
90$15,060,861$2,295,371$959,796$10,164,579
91$16,478,306$2,289,082$873,186$11,032,471
92$18,036,589$2,278,742$779,934$11,986,382
93$19,749,958$2,264,038$679,698$13,035,116
94$21,634,110$2,244,632$572,125$14,188,377
95$23,706,340$2,220,170$456,842$15,456,867
96$25,985,703$2,190,274$333,461$16,852,384
97$28,493,191$2,154,544$201,579$18,387,934
98$31,251,937$2,112,557$60,773$20,077,859
99$34,287,428$2,063,865$0$21,937,970
100$37,627,744$2,007,993$0$24,008,613