Can I retire at age 64 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$140,384$139,134$137,914$136,723$135,560$133,922
2 years$69,497$68,203$66,949$65,732$64,553$62,904
3 years$45,871$44,571$43,320$42,115$40,955$39,347
4 years$34,061$32,765$31,526$30,342$29,209$27,654
5 years$26,976$25,688$24,465$23,305$22,204$20,707
6 years$22,255$20,976$19,772$18,637$17,570$16,132
7 years$18,883$17,616$16,430$15,323$14,289$12,911
8 years$16,356$15,100$13,934$12,854$11,854$10,536
9 years$14,392$13,147$12,002$10,949$9,983$8,724
10 years$12,821$11,589$10,463$9,438$8,506$7,306
11 years$11,537$10,317$9,212$8,214$7,315$6,173
12 years$10,467$9,260$8,175$7,205$6,339$5,253
13 years$9,563$8,368$7,304$6,361$5,528$4,497
14 years$8,788$7,606$6,563$5,646$4,846$3,868
15 years$8,118$6,949$5,925$5,035$4,267$3,340
16 years$7,532$6,375$5,372$4,509$3,771$2,895
17 years$7,015$5,871$4,888$4,051$3,343$2,516
18 years$6,556$5,425$4,462$3,651$2,973$2,192
19 years$6,146$5,028$4,085$3,299$2,650$1,914
20 years$5,778$4,672$3,749$2,988$2,367$1,674
21 years$5,445$4,352$3,448$2,712$2,118$1,466
22 years$5,142$4,063$3,178$2,465$1,899$1,286
23 years$4,867$3,800$2,935$2,245$1,704$1,130
24 years$4,615$3,560$2,714$2,048$1,532$993
25 years$4,383$3,341$2,514$1,870$1,378$874
26 years$4,169$3,140$2,331$1,710$1,242$770
27 years$3,972$2,955$2,165$1,565$1,119$678
28 years$3,789$2,784$2,013$1,434$1,010$598
29 years$3,619$2,627$1,873$1,315$912$528
30 years$3,460$2,481$1,744$1,207$824$466
31 years$3,313$2,345$1,626$1,108$745$411
32 years$3,174$2,219$1,517$1,019$674$363
33 years$3,044$2,101$1,417$937$610$321
34 years$2,923$1,992$1,324$862$552$284
35 years$2,808$1,889$1,238$793$500$251
36 years$2,700$1,793$1,158$731$453$222
37 years$2,598$1,703$1,084$673$411$196
38 years$2,502$1,618$1,015$621$372$174
39 years$2,411$1,539$951$572$338$154
40 years$2,324$1,464$891$528$306$136
41 years$2,242$1,394$836$487$278$120
42 years$2,164$1,327$784$449$252$106
43 years$2,090$1,265$736$415$229$94
44 years$2,020$1,206$690$383$208$83
45 years$1,953$1,150$648$354$189$74
46 years$1,889$1,097$609$327$171$65
47 years$1,828$1,047$572$302$155$58
48 years$1,769$999$538$279$141$51
49 years$1,713$954$505$258$128$45
50 years$1,660$911$475$238$116$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,700,000, adding $6,335 every year, while hoping to spend $24,285 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: 86/9/5 Blend
63$1,700,000$1,700,000$1,700,000$1,700,000
64$1,879,935$1,789,835$1,763,485$2,041,145
65$2,045,849$1,851,697$1,796,722$2,208,980
66$2,227,872$1,915,778$1,830,259$2,389,347
67$2,427,623$1,982,158$1,864,081$2,586,748
68$2,646,882$2,050,925$1,898,169$2,802,879
69$2,887,612$2,122,169$1,932,506$3,039,608
70$3,151,975$2,195,982$1,967,071$3,298,991
71$3,442,353$2,272,461$2,001,844$3,583,294
72$3,761,369$2,351,708$2,036,802$3,895,012
73$4,111,913$2,433,826$2,071,919$4,236,892
74$4,497,169$2,518,925$2,107,170$4,611,961
75$4,920,646$2,607,117$2,142,526$5,023,553
76$5,386,207$2,698,522$2,177,956$5,475,339
77$5,898,111$2,793,260$2,213,428$5,971,365
78$6,461,048$2,891,460$2,248,908$6,516,087
79$7,080,187$2,993,253$2,284,358$7,114,414
80$7,761,221$3,098,777$2,319,739$7,771,752
81$8,510,425$3,208,177$2,355,009$8,494,060
82$9,334,711$3,321,599$2,390,124$9,287,900
83$10,241,694$3,439,201$2,425,037$10,160,503
84$11,239,768$3,561,143$2,459,696$11,119,834
85$12,338,178$3,687,592$2,494,050$12,174,670
86$13,547,112$3,818,724$2,528,041$13,334,680
87$14,877,796$3,954,721$2,561,609$14,610,517
88$16,342,600$4,095,771$2,594,691$16,013,918
89$17,955,153$4,242,071$2,627,221$17,557,815
90$19,730,473$4,393,827$2,659,127$19,256,458
91$21,685,108$4,551,251$2,690,335$21,125,546
92$23,837,293$4,714,567$2,720,765$23,182,377
93$26,207,120$4,884,004$2,750,334$25,446,011
94$28,816,730$5,059,804$2,778,954$27,937,448
95$31,690,520$5,242,217$2,806,532$30,679,831
96$34,855,372$5,431,505$2,832,970$33,698,655
97$38,340,911$5,627,939$2,858,165$37,022,017
98$42,179,778$5,831,803$2,882,009$40,680,873
99$46,407,945$6,043,391$2,904,386$44,709,336
100$51,065,049$6,263,011$2,925,176$49,144,994