Can I retire at age 64 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$142,036$140,771$139,536$138,332$137,155$135,050
2 years$70,315$69,005$67,736$66,506$65,312$63,196
3 years$46,411$45,096$43,830$42,611$41,437$39,376
4 years$34,461$33,150$31,897$30,699$29,553$27,563
5 years$27,293$25,990$24,753$23,580$22,466$20,553
6 years$22,516$21,223$20,004$18,857$17,776$15,942
7 years$19,106$17,823$16,624$15,503$14,457$12,703
8 years$16,549$15,278$14,098$13,005$11,993$10,318
9 years$14,561$13,302$12,143$11,078$10,100$8,504
10 years$12,972$11,725$10,586$9,549$8,606$7,087
11 years$11,672$10,438$9,320$8,310$7,401$5,958
12 years$10,590$9,369$8,271$7,289$6,414$5,044
13 years$9,675$8,466$7,390$6,435$5,593$4,295
14 years$8,892$7,696$6,640$5,713$4,903$3,675
15 years$8,213$7,030$5,995$5,095$4,317$3,157
16 years$7,620$6,450$5,435$4,562$3,815$2,720
17 years$7,098$5,940$4,946$4,099$3,383$2,351
18 years$6,633$5,489$4,515$3,694$3,008$2,036
19 years$6,219$5,087$4,133$3,338$2,681$1,768
20 years$5,846$4,727$3,793$3,023$2,395$1,537
21 years$5,509$4,403$3,489$2,743$2,143$1,338
22 years$5,203$4,110$3,216$2,494$1,921$1,167
23 years$4,924$3,844$2,969$2,272$1,724$1,019
24 years$4,669$3,602$2,746$2,072$1,550$890
25 years$4,434$3,380$2,543$1,892$1,395$778
26 years$4,218$3,177$2,359$1,730$1,256$681
27 years$4,019$2,990$2,190$1,584$1,133$596
28 years$3,834$2,817$2,036$1,451$1,022$522
29 years$3,661$2,658$1,895$1,331$923$458
30 years$3,501$2,510$1,765$1,221$834$402
31 years$3,352$2,373$1,645$1,121$754$352
32 years$3,212$2,245$1,535$1,031$682$309
33 years$3,080$2,126$1,433$948$617$271
34 years$2,957$2,015$1,339$872$559$238
35 years$2,841$1,911$1,252$803$506$209
36 years$2,732$1,814$1,171$739$459$184
37 years$2,629$1,723$1,096$681$416$161
38 years$2,531$1,637$1,027$628$377$142
39 years$2,439$1,557$962$579$342$125
40 years$2,352$1,481$902$534$310$109
41 years$2,269$1,410$845$493$281$96
42 years$2,190$1,343$793$455$255$85
43 years$2,115$1,280$744$420$232$74
44 years$2,044$1,220$699$388$210$65
45 years$1,976$1,163$656$358$191$57
46 years$1,911$1,110$616$331$173$51
47 years$1,849$1,059$579$305$157$44
48 years$1,790$1,011$544$282$143$39
49 years$1,733$965$511$261$130$34
50 years$1,679$922$481$241$118$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,720,000, adding $5,553 every year, while hoping to spend $27,134 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: 76/11/13 Blend
63$1,720,000$1,720,000$1,720,000$1,720,000
64$1,901,168$1,810,008$1,783,348$2,040,225
65$2,066,217$1,869,828$1,814,220$2,192,526
66$2,247,191$1,931,670$1,845,216$2,355,476
67$2,445,687$1,995,604$1,876,313$2,533,357
68$2,663,461$2,061,703$1,907,484$2,727,647
69$2,902,451$2,130,043$1,938,701$2,939,973
70$3,164,788$2,200,702$1,969,935$3,172,124
71$3,452,821$2,273,761$2,001,153$3,426,075
72$3,769,138$2,349,305$2,032,321$3,703,998
73$4,116,590$2,427,420$2,063,403$4,008,284
74$4,498,316$2,508,198$2,094,361$4,341,569
75$4,917,776$2,591,732$2,125,154$4,706,756
76$5,378,781$2,678,118$2,155,739$5,107,043
77$5,885,530$2,767,459$2,186,069$5,545,950
78$6,442,647$2,859,858$2,216,095$6,027,358
79$7,055,229$2,955,423$2,245,766$6,555,541
80$7,728,891$3,054,267$2,275,028$7,135,205
81$8,469,818$3,156,506$2,303,821$7,771,539
82$9,284,825$3,262,261$2,332,086$8,470,255
83$10,181,423$3,371,658$2,359,756$9,237,649
84$11,167,885$3,484,825$2,386,765$10,080,656
85$12,253,326$3,601,899$2,413,038$11,006,917
86$13,447,791$3,723,018$2,438,501$12,024,850
87$14,762,348$3,848,327$2,463,072$13,143,730
88$16,209,190$3,977,978$2,486,668$14,373,777
89$17,801,753$4,112,125$2,509,198$15,726,249
90$19,554,844$4,250,931$2,530,568$17,213,553
91$21,484,776$4,394,565$2,550,680$18,849,358
92$23,609,524$4,543,199$2,569,428$20,648,724
93$25,948,895$4,697,015$2,586,703$22,628,248
94$28,524,715$4,856,201$2,602,390$24,806,213
95$31,361,033$5,020,952$2,616,367$27,202,770
96$34,484,349$5,191,470$2,628,507$29,840,118
97$37,923,865$5,367,965$2,638,674$32,742,721
98$41,711,758$5,550,654$2,646,729$35,937,534
99$45,883,486$5,739,764$2,652,523$39,454,260
100$50,478,119$5,935,530$2,655,900$43,325,629