Can I retire at age 64 with 1,760,000?

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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$145,339$144,045$142,781$141,549$140,345$136,070
2 years$71,950$70,610$69,311$68,052$66,831$62,561
3 years$47,490$46,144$44,849$43,602$42,400$38,269
4 years$35,263$33,921$32,639$31,413$30,240$26,279
5 years$27,928$26,595$25,329$24,128$22,988$19,208
6 years$23,040$21,716$20,470$19,295$18,190$14,594
7 years$19,550$18,237$17,010$15,864$14,793$11,382
8 years$16,933$15,633$14,426$13,308$12,272$9,043
9 years$14,900$13,611$12,425$11,335$10,335$7,284
10 years$13,273$11,998$10,833$9,771$8,806$5,929
11 years$11,944$10,681$9,537$8,504$7,573$4,866
12 years$10,836$9,586$8,464$7,459$6,563$4,019
13 years$9,900$8,663$7,562$6,585$5,723$3,336
14 years$9,099$7,875$6,794$5,846$5,017$2,781
15 years$8,404$7,194$6,134$5,213$4,417$2,327
16 years$7,797$6,600$5,562$4,668$3,904$1,952
17 years$7,263$6,078$5,061$4,194$3,461$1,641
18 years$6,788$5,617$4,620$3,780$3,078$1,382
19 years$6,363$5,206$4,229$3,415$2,743$1,166
20 years$5,982$4,837$3,881$3,093$2,450$985
21 years$5,637$4,506$3,570$2,807$2,193$834
22 years$5,324$4,206$3,290$2,552$1,966$706
23 years$5,039$3,934$3,038$2,325$1,764$598
24 years$4,777$3,686$2,810$2,120$1,586$507
25 years$4,538$3,459$2,602$1,936$1,427$430
26 years$4,316$3,251$2,414$1,770$1,285$365
27 years$4,112$3,059$2,241$1,620$1,159$310
28 years$3,923$2,883$2,084$1,485$1,046$263
29 years$3,747$2,720$1,939$1,361$944$224
30 years$3,583$2,568$1,806$1,250$853$190
31 years$3,429$2,428$1,684$1,148$771$162
32 years$3,286$2,297$1,571$1,055$698$137
33 years$3,152$2,176$1,467$970$631$117
34 years$3,026$2,062$1,370$892$572$99
35 years$2,907$1,956$1,281$821$518$85
36 years$2,795$1,856$1,199$757$469$72
37 years$2,690$1,763$1,122$697$425$61
38 years$2,590$1,676$1,051$642$386$52
39 years$2,496$1,593$984$592$350$44
40 years$2,406$1,516$923$546$317$38
41 years$2,321$1,443$865$504$288$32
42 years$2,241$1,374$811$465$261$27
43 years$2,164$1,309$761$429$237$23
44 years$2,091$1,248$715$397$215$20
45 years$2,022$1,190$671$366$195$17
46 years$1,955$1,135$630$338$177$14
47 years$1,892$1,083$592$313$161$12
48 years$1,832$1,034$557$289$146$10
49 years$1,774$988$523$267$133$9
50 years$1,718$944$492$247$121$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,760,000, adding $6,385 every year, while hoping to spend $36,610 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: 72/18/10 Blend
63$1,760,000$1,760,000$1,760,000$1,760,000
64$1,946,106$1,852,826$1,825,546$2,082,075
65$2,105,656$1,904,662$1,847,749$2,224,650
66$2,280,253$1,957,811$1,869,469$2,375,567
67$2,471,394$2,012,298$1,890,651$2,539,812
68$2,680,725$2,068,149$1,911,237$2,718,689
69$2,910,061$2,125,391$1,931,165$2,913,637
70$3,161,401$2,184,049$1,950,373$3,126,239
71$3,436,944$2,244,147$1,968,791$3,358,240
72$3,739,115$2,305,713$1,986,348$3,611,561
73$4,070,583$2,368,771$2,002,968$3,888,315
74$4,434,288$2,433,346$2,018,573$4,190,834
75$4,833,468$2,499,464$2,033,079$4,521,682
76$5,271,692$2,567,148$2,046,397$4,883,686
77$5,752,889$2,636,422$2,058,436$5,279,959
78$6,281,388$2,707,311$2,069,097$5,713,931
79$6,861,957$2,779,837$2,078,280$6,189,378
80$7,499,851$2,854,023$2,085,876$6,710,463
81$8,200,855$2,929,889$2,091,773$7,281,770
82$8,971,347$3,007,458$2,095,851$7,908,350
83$9,818,350$3,086,749$2,097,988$8,595,766
84$10,749,602$3,167,781$2,098,052$9,350,150
85$11,773,631$3,250,572$2,095,906$10,178,256
86$12,899,829$3,335,137$2,091,406$11,087,524
87$14,138,546$3,421,493$2,084,403$12,086,155
88$15,501,185$3,509,653$2,074,737$13,183,182
89$17,000,308$3,599,629$2,062,243$14,388,559
90$18,649,759$3,691,431$2,046,748$15,713,253
91$20,464,790$3,785,066$2,028,069$17,169,349
92$22,462,206$3,880,542$2,006,017$18,770,163
93$24,660,523$3,977,861$1,980,391$20,530,366
94$27,080,145$4,077,024$1,950,983$22,466,126
95$29,743,552$4,178,031$1,917,573$24,595,257
96$32,675,516$4,280,875$1,879,933$26,937,389
97$35,903,330$4,385,550$1,837,822$29,514,153
98$39,457,072$4,492,044$1,790,991$32,349,385
99$43,369,880$4,600,341$1,739,176$35,469,350
100$47,678,273$4,710,422$1,682,103$38,902,990