Can I retire at age 64 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$137,907$136,679$135,480$134,310$133,168$130,693
2 years$68,271$66,999$65,767$64,572$63,413$60,929
3 years$45,062$43,785$42,556$41,372$40,232$37,816
4 years$33,460$32,186$30,970$29,806$28,694$26,365
5 years$26,500$25,235$24,034$22,894$21,813$19,577
6 years$21,862$20,606$19,423$18,309$17,260$15,120
7 years$18,550$17,305$16,140$15,052$14,037$11,993
8 years$16,068$14,833$13,688$12,627$11,645$9,697
9 years$14,138$12,915$11,790$10,756$9,807$7,954
10 years$12,595$11,384$10,279$9,271$8,356$6,596
11 years$11,333$10,135$9,049$8,069$7,186$5,517
12 years$10,282$9,096$8,031$7,077$6,227$4,647
13 years$9,394$8,220$7,175$6,248$5,430$3,937
14 years$8,633$7,472$6,447$5,547$4,760$3,350
15 years$7,975$6,826$5,821$4,947$4,191$2,862
16 years$7,399$6,263$5,277$4,429$3,704$2,452
17 years$6,891$5,768$4,802$3,980$3,284$2,107
18 years$6,441$5,330$4,384$3,586$2,920$1,815
19 years$6,038$4,939$4,013$3,241$2,603$1,566
20 years$5,676$4,590$3,683$2,935$2,325$1,354
21 years$5,349$4,275$3,388$2,664$2,081$1,172
22 years$5,052$3,991$3,122$2,422$1,865$1,015
23 years$4,781$3,733$2,883$2,206$1,674$881
24 years$4,533$3,497$2,666$2,012$1,505$765
25 years$4,306$3,282$2,469$1,837$1,354$664
26 years$4,096$3,084$2,290$1,680$1,220$578
27 years$3,902$2,903$2,127$1,538$1,100$503
28 years$3,722$2,735$1,977$1,409$992$438
29 years$3,555$2,580$1,840$1,292$896$381
30 years$3,399$2,437$1,714$1,186$810$332
31 years$3,254$2,304$1,598$1,089$732$289
32 years$3,118$2,180$1,491$1,001$662$252
33 years$2,991$2,064$1,392$920$599$220
34 years$2,871$1,957$1,300$847$542$192
35 years$2,758$1,856$1,216$779$491$167
36 years$2,652$1,761$1,137$718$445$146
37 years$2,552$1,673$1,065$661$403$127
38 years$2,458$1,590$997$610$366$111
39 years$2,368$1,512$934$562$332$97
40 years$2,283$1,438$875$518$301$85
41 years$2,203$1,369$821$478$273$74
42 years$2,126$1,304$770$441$248$64
43 years$2,053$1,242$723$408$225$56
44 years$1,984$1,184$678$376$204$49
45 years$1,918$1,129$637$347$185$43
46 years$1,855$1,077$598$321$168$37
47 years$1,795$1,028$562$297$153$33
48 years$1,738$981$528$274$139$29
49 years$1,683$937$496$253$126$25
50 years$1,631$895$467$234$114$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,670,000, adding $2,957 every year, while hoping to spend $54,350 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: 57/14/29 Blend
63$1,670,000$1,670,000$1,670,000$1,670,000
64$1,843,390$1,754,880$1,728,995$1,933,607
65$1,973,588$1,783,041$1,729,089$2,024,101
66$2,115,244$1,810,761$1,727,363$2,116,771
67$2,269,471$1,837,960$1,723,702$2,216,684
68$2,437,490$1,864,553$1,717,979$2,324,559
69$2,620,648$1,890,450$1,710,065$2,441,189
70$2,820,426$1,915,554$1,699,824$2,567,449
71$3,038,455$1,939,761$1,687,113$2,704,306
72$3,276,528$1,962,960$1,671,782$2,852,825
73$3,536,621$1,985,033$1,653,675$3,014,183
74$3,820,909$2,005,852$1,632,626$3,189,679
75$4,131,787$2,025,284$1,608,463$3,380,746
76$4,471,890$2,043,183$1,581,008$3,588,964
77$4,844,121$2,059,398$1,550,070$3,816,077
78$5,251,677$2,073,764$1,515,453$4,064,012
79$5,698,078$2,086,108$1,476,951$4,334,891
80$6,187,200$2,096,245$1,434,346$4,631,057
81$6,723,311$2,103,978$1,387,414$4,955,096
82$7,311,114$2,109,098$1,335,917$5,309,860
83$7,955,786$2,111,383$1,279,609$5,698,494
84$8,663,032$2,110,596$1,218,231$6,124,470
85$9,439,133$2,106,487$1,151,514$6,591,616
86$10,291,009$2,098,790$1,079,174$7,104,155
87$11,226,283$2,087,221$1,000,917$7,666,745
88$12,253,351$2,071,482$916,435$8,284,524
89$13,381,462$2,051,254$825,405$8,963,160
90$14,620,806$2,026,200$727,491$9,708,902
91$15,982,608$1,995,964$622,342$10,528,645
92$17,479,234$1,960,166$509,590$11,429,989
93$19,124,307$1,918,405$388,852$12,421,320
94$20,932,836$1,870,257$259,729$13,511,883
95$22,921,358$1,815,272$121,803$14,711,874
96$25,108,091$1,752,975$0$16,032,537
97$27,513,106$1,682,860$0$17,494,125
98$30,158,518$1,604,396$0$19,143,185
99$33,068,693$1,517,017$0$20,957,209
100$36,270,477$1,420,128$0$22,952,972