Can I retire at age 64 with 1,660,000?

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 $1,660,000?

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$137,081$135,860$134,669$133,506$132,371$131,262
2 years$67,862$66,598$65,373$64,186$63,034$61,916
3 years$44,792$43,523$42,301$41,124$39,991$38,899
4 years$33,259$31,994$30,784$29,628$28,522$27,464
5 years$26,341$25,083$23,890$22,757$21,682$20,662
6 years$21,731$20,483$19,306$18,199$17,156$16,175
7 years$18,439$17,201$16,044$14,962$13,953$13,010
8 years$15,971$14,745$13,606$12,552$11,575$10,672
9 years$14,053$12,838$11,719$10,691$9,748$8,884
10 years$12,519$11,316$10,217$9,216$8,306$7,480
11 years$11,265$10,074$8,995$8,021$7,143$6,355
12 years$10,221$9,042$7,983$7,035$6,190$5,439
13 years$9,338$8,171$7,132$6,211$5,398$4,683
14 years$8,582$7,427$6,408$5,513$4,732$4,052
15 years$7,927$6,785$5,786$4,917$4,166$3,521
16 years$7,354$6,225$5,246$4,403$3,682$3,070
17 years$6,850$5,733$4,773$3,956$3,265$2,685
18 years$6,402$5,298$4,357$3,565$2,903$2,354
19 years$6,002$4,910$3,989$3,221$2,587$2,069
20 years$5,642$4,562$3,661$2,917$2,311$1,822
21 years$5,317$4,250$3,367$2,648$2,068$1,607
22 years$5,021$3,967$3,104$2,407$1,854$1,419
23 years$4,752$3,710$2,866$2,192$1,664$1,255
24 years$4,506$3,476$2,650$2,000$1,496$1,111
25 years$4,280$3,262$2,455$1,826$1,346$984
26 years$4,071$3,066$2,276$1,670$1,212$873
27 years$3,878$2,885$2,114$1,528$1,093$775
28 years$3,700$2,719$1,965$1,400$986$688
29 years$3,534$2,565$1,829$1,284$891$612
30 years$3,379$2,422$1,703$1,179$805$544
31 years$3,235$2,290$1,588$1,082$728$484
32 years$3,099$2,167$1,482$995$658$431
33 years$2,973$2,052$1,383$915$596$383
34 years$2,854$1,945$1,293$842$539$341
35 years$2,742$1,845$1,208$775$488$304
36 years$2,636$1,751$1,131$714$443$271
37 years$2,537$1,663$1,058$657$401$241
38 years$2,443$1,580$991$606$364$215
39 years$2,354$1,503$928$559$330$192
40 years$2,269$1,430$870$515$299$171
41 years$2,189$1,361$816$475$271$153
42 years$2,113$1,296$765$439$246$136
43 years$2,041$1,235$718$405$223$121
44 years$1,972$1,177$674$374$203$108
45 years$1,907$1,123$633$345$184$97
46 years$1,844$1,071$595$319$167$86
47 years$1,785$1,022$559$295$152$77
48 years$1,727$976$525$272$138$69
49 years$1,673$932$493$252$125$61
50 years$1,621$890$464$233$114$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,660,000, adding $4,821 every year, while hoping to spend $30,933 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: 49/31/20 Blend
63$1,660,000$1,660,000$1,660,000$1,660,000
64$1,834,293$1,746,313$1,720,583$1,913,652
65$1,988,478$1,798,970$1,745,310$2,021,866
66$2,157,354$1,853,170$1,769,829$2,135,824
67$2,342,385$1,908,957$1,794,099$2,258,972
68$2,545,187$1,966,374$1,818,080$2,392,188
69$2,767,536$2,025,467$1,841,726$2,536,438
70$3,011,392$2,086,281$1,864,991$2,692,785
71$3,278,910$2,148,865$1,887,824$2,862,398
72$3,572,466$2,213,267$1,910,173$3,046,564
73$3,894,677$2,279,536$1,931,983$3,246,703
74$4,248,425$2,347,724$1,953,195$3,464,373
75$4,636,884$2,417,883$1,973,747$3,701,295
76$5,063,552$2,490,065$1,993,574$3,959,360
77$5,532,283$2,564,326$2,012,607$4,240,653
78$6,047,319$2,640,722$2,030,773$4,547,469
79$6,613,338$2,719,310$2,047,996$4,882,335
80$7,235,491$2,800,148$2,064,196$5,248,036
81$7,919,452$2,883,296$2,079,288$5,647,639
82$8,671,474$2,968,816$2,093,182$6,084,520
83$9,498,446$3,056,769$2,105,785$6,562,401
84$10,407,957$3,147,221$2,116,999$7,085,381
85$11,408,370$3,240,236$2,126,719$7,657,975
86$12,508,896$3,335,880$2,134,837$8,285,157
87$13,719,688$3,434,223$2,141,239$8,972,406
88$15,051,930$3,535,333$2,145,804$9,725,761
89$16,517,945$3,639,283$2,148,406$10,551,873
90$18,131,311$3,746,143$2,148,913$11,458,070
91$19,906,988$3,855,988$2,147,186$12,452,426
92$21,861,463$3,968,893$2,143,079$13,543,837
93$24,012,900$4,084,936$2,136,439$14,742,105
94$26,381,312$4,204,194$2,127,106$16,058,030
95$28,988,753$4,326,748$2,114,912$17,503,512
96$31,859,525$4,452,678$2,099,680$19,091,663
97$35,020,404$4,582,066$2,081,227$20,836,931
98$38,500,896$4,714,998$2,059,359$22,755,236
99$42,333,513$4,851,559$2,033,873$24,864,120
100$46,554,081$4,991,835$2,004,557$27,182,913