Can I retire at age 64 with 1,730,000?

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$142,862$141,589$140,348$139,136$137,953$135,278
2 years$70,724$69,406$68,130$66,892$65,692$63,008
3 years$46,681$45,358$44,085$42,859$41,678$39,068
4 years$34,662$33,343$32,082$30,877$29,725$27,210
5 years$27,452$26,141$24,897$23,717$22,596$20,183
6 years$22,647$21,346$20,121$18,966$17,880$15,571
7 years$19,217$17,927$16,720$15,593$14,541$12,337
8 years$16,645$15,366$14,180$13,081$12,063$9,964
9 years$14,646$13,379$12,213$11,142$10,159$8,163
10 years$13,047$11,793$10,648$9,604$8,656$6,761
11 years$11,740$10,499$9,374$8,359$7,444$5,648
12 years$10,652$9,423$8,319$7,332$6,451$4,752
13 years$9,732$8,516$7,433$6,473$5,626$4,019
14 years$8,943$7,741$6,678$5,746$4,931$3,416
15 years$8,261$7,071$6,030$5,124$4,342$2,914
16 years$7,665$6,488$5,467$4,588$3,837$2,494
17 years$7,139$5,975$4,975$4,123$3,402$2,140
18 years$6,672$5,521$4,541$3,715$3,025$1,840
19 years$6,255$5,117$4,157$3,357$2,697$1,585
20 years$5,880$4,755$3,815$3,040$2,409$1,368
21 years$5,541$4,429$3,509$2,759$2,155$1,182
22 years$5,233$4,134$3,234$2,509$1,932$1,023
23 years$4,953$3,867$2,986$2,285$1,734$886
24 years$4,696$3,623$2,762$2,084$1,559$768
25 years$4,460$3,400$2,558$1,903$1,403$666
26 years$4,243$3,195$2,372$1,740$1,264$579
27 years$4,042$3,007$2,203$1,593$1,139$503
28 years$3,856$2,834$2,048$1,459$1,028$437
29 years$3,683$2,673$1,906$1,338$928$380
30 years$3,522$2,525$1,775$1,228$839$330
31 years$3,371$2,387$1,655$1,128$758$287
32 years$3,230$2,258$1,544$1,037$686$250
33 years$3,098$2,139$1,442$953$621$218
34 years$2,974$2,027$1,347$877$562$189
35 years$2,858$1,922$1,259$807$509$165
36 years$2,748$1,825$1,178$744$461$144
37 years$2,644$1,733$1,103$685$418$125
38 years$2,546$1,647$1,033$632$379$109
39 years$2,453$1,566$968$582$344$95
40 years$2,365$1,490$907$537$312$83
41 years$2,282$1,418$850$496$283$72
42 years$2,203$1,351$798$457$257$63
43 years$2,127$1,287$748$422$233$55
44 years$2,055$1,227$703$390$211$48
45 years$1,987$1,170$660$360$192$42
46 years$1,922$1,116$620$333$174$36
47 years$1,860$1,065$582$307$158$32
48 years$1,800$1,017$547$284$144$28
49 years$1,743$971$514$262$130$24
50 years$1,689$927$483$242$119$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,730,000, adding $5,034 every year, while hoping to spend $58,446 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: 81/5/14 Blend
63$1,730,000$1,730,000$1,730,000$1,730,000
64$1,911,653$1,819,963$1,793,148$2,060,821
65$2,044,455$1,846,955$1,791,032$2,186,520
66$2,188,845$1,873,310$1,786,887$2,316,364
67$2,345,941$1,898,937$1,780,582$2,457,205
68$2,516,977$1,923,735$1,771,981$2,610,118
69$2,703,309$1,947,599$1,760,943$2,776,290
70$2,906,430$1,970,414$1,747,318$2,957,023
71$3,127,981$1,992,060$1,730,948$3,153,756
72$3,369,771$2,012,406$1,711,671$3,368,073
73$3,633,790$2,031,316$1,689,314$3,601,716
74$3,922,228$2,048,642$1,663,697$3,856,610
75$4,237,497$2,064,228$1,634,633$4,134,870
76$4,582,253$2,077,906$1,601,924$4,438,830
77$4,959,418$2,089,499$1,565,364$4,771,061
78$5,372,212$2,098,818$1,524,738$5,134,395
79$5,824,180$2,105,662$1,479,818$5,531,953
80$6,319,224$2,109,817$1,430,370$5,967,174
81$6,861,644$2,111,057$1,376,146$6,443,848
82$7,456,173$2,109,140$1,316,889$6,966,151
83$8,108,025$2,103,811$1,252,327$7,538,684
84$8,822,943$2,094,797$1,182,179$8,166,519
85$9,607,251$2,081,810$1,106,150$8,855,243
86$10,467,916$2,064,544$1,023,932$9,611,015
87$11,412,612$2,042,675$935,202$10,440,622
88$12,449,791$2,015,859$839,624$11,351,541
89$13,588,766$1,983,732$736,847$12,352,015
90$14,839,792$1,945,907$626,503$13,451,126
91$16,214,169$1,901,975$508,210$14,658,885
92$17,724,345$1,851,503$381,566$15,986,321
93$19,384,034$1,794,032$246,154$17,445,591
94$21,208,343$1,729,077$101,538$19,050,094
95$23,213,916$1,656,124$0$20,814,592
96$25,419,091$1,574,629$0$22,763,245
97$27,844,071$1,484,018$0$24,922,796
98$30,511,113$1,383,683$0$27,297,899
99$33,444,743$1,272,980$0$29,910,409
100$36,671,981$1,151,229$0$32,784,411