Can I retire at age 64 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$138,733$137,497$136,291$135,115$133,966$129,418
2 years$68,680$67,401$66,161$64,959$63,793$59,258
3 years$45,332$44,047$42,810$41,620$40,473$36,091
4 years$33,660$32,379$31,155$29,985$28,866$24,672
5 years$26,659$25,386$24,178$23,031$21,943$17,948
6 years$21,993$20,729$19,539$18,418$17,363$13,569
7 years$18,661$17,408$16,237$15,143$14,121$10,528
8 years$16,164$14,922$13,770$12,703$11,714$8,320
9 years$14,222$12,993$11,860$10,820$9,865$6,665
10 years$12,670$11,452$10,340$9,327$8,406$5,395
11 years$11,401$10,195$9,103$8,117$7,229$4,402
12 years$10,344$9,151$8,079$7,120$6,265$3,614
13 years$9,450$8,270$7,218$6,286$5,463$2,982
14 years$8,685$7,517$6,485$5,580$4,789$2,470
15 years$8,022$6,867$5,855$4,976$4,216$2,053
16 years$7,443$6,300$5,309$4,456$3,726$1,711
17 years$6,932$5,802$4,831$4,003$3,304$1,429
18 years$6,479$5,361$4,410$3,608$2,938$1,196
19 years$6,074$4,969$4,037$3,260$2,619$1,002
20 years$5,710$4,617$3,705$2,953$2,339$841
21 years$5,381$4,301$3,408$2,680$2,093$707
22 years$5,082$4,015$3,141$2,436$1,876$594
23 years$4,810$3,755$2,900$2,219$1,684$500
24 years$4,560$3,518$2,682$2,024$1,514$421
25 years$4,331$3,302$2,484$1,848$1,362$354
26 years$4,120$3,103$2,304$1,690$1,227$299
27 years$3,925$2,920$2,139$1,547$1,106$252
28 years$3,744$2,752$1,989$1,417$998$212
29 years$3,576$2,596$1,851$1,300$901$179
30 years$3,420$2,452$1,724$1,193$814$151
31 years$3,274$2,318$1,607$1,095$736$127
32 years$3,137$2,193$1,500$1,007$666$108
33 years$3,009$2,077$1,400$926$603$91
34 years$2,888$1,968$1,308$852$546$77
35 years$2,775$1,867$1,223$784$494$65
36 years$2,668$1,772$1,144$722$448$55
37 years$2,567$1,683$1,071$665$406$46
38 years$2,472$1,599$1,003$613$368$39
39 years$2,382$1,521$940$565$334$33
40 years$2,297$1,447$881$522$303$28
41 years$2,216$1,377$826$481$275$23
42 years$2,139$1,312$775$444$249$20
43 years$2,066$1,250$727$410$226$17
44 years$1,996$1,191$682$379$205$14
45 years$1,930$1,136$641$350$186$12
46 years$1,866$1,084$602$323$169$10
47 years$1,806$1,034$565$298$154$9
48 years$1,748$987$531$276$140$7
49 years$1,693$943$499$255$127$6
50 years$1,640$901$469$235$115$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,680,000, adding $3,479 every year, while hoping to spend $41,519 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: 71/7/22 Blend
63$1,680,000$1,680,000$1,680,000$1,680,000
64$1,854,949$1,765,909$1,739,869$1,976,315
65$1,999,977$1,808,262$1,753,978$2,100,081
66$2,158,408$1,851,300$1,767,169$2,230,316
67$2,331,562$1,895,011$1,779,366$2,371,898
68$2,520,898$1,939,383$1,790,492$2,525,949
69$2,728,019$1,984,402$1,800,463$2,693,705
70$2,954,692$2,030,051$1,809,192$2,876,525
71$3,202,859$2,076,313$1,816,589$3,075,911
72$3,474,664$2,123,165$1,822,558$3,293,513
73$3,772,463$2,170,584$1,826,998$3,531,153
74$4,098,855$2,218,544$1,829,803$3,790,836
75$4,456,700$2,267,013$1,830,862$4,074,774
76$4,849,146$2,315,960$1,830,059$4,385,402
77$5,279,665$2,365,349$1,827,273$4,725,404
78$5,752,079$2,415,138$1,822,373$5,097,740
79$6,270,595$2,465,284$1,815,228$5,505,668
80$6,839,852$2,515,740$1,805,694$5,952,783
81$7,464,958$2,566,452$1,793,626$6,443,042
82$8,151,539$2,617,363$1,778,867$6,980,810
83$8,905,793$2,668,411$1,761,257$7,570,894
84$9,734,550$2,719,529$1,740,625$8,218,595
85$10,645,331$2,770,643$1,716,793$8,929,751
86$11,646,424$2,821,674$1,689,575$9,710,801
87$12,746,960$2,872,537$1,658,776$10,568,836
88$13,956,998$2,923,139$1,624,193$11,511,676
89$15,287,619$2,973,380$1,585,611$12,547,934
90$16,751,035$3,023,154$1,542,807$13,687,106
91$18,360,697$3,072,346$1,495,548$14,939,656
92$20,131,429$3,120,831$1,443,589$16,317,117
93$22,079,560$3,168,477$1,386,675$17,832,200
94$24,223,084$3,215,142$1,324,538$19,498,910
95$26,581,827$3,260,672$1,256,898$21,332,687
96$29,177,634$3,304,905$1,183,464$23,350,543
97$32,034,573$3,347,666$1,103,931$25,571,229
98$35,179,166$3,388,769$1,017,980$28,015,409
99$38,640,636$3,428,012$925,276$30,705,858
100$42,451,180$3,465,185$825,473$33,667,674