Can I retire at age 64 with 1,770,000?

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$146,165$144,863$143,593$142,353$141,142$140,548
2 years$72,359$71,011$69,705$68,439$67,211$66,610
3 years$47,760$46,407$45,104$43,849$42,641$42,054
4 years$35,463$34,114$32,824$31,591$30,412$29,842
5 years$28,087$26,746$25,473$24,265$23,119$22,568
6 years$23,171$21,840$20,586$19,405$18,293$17,762
7 years$19,661$18,341$17,107$15,954$14,877$14,366
8 years$17,030$15,722$14,508$13,383$12,342$11,851
9 years$14,984$13,689$12,496$11,400$10,394$9,923
10 years$13,349$12,066$10,894$9,827$8,856$8,405
11 years$12,012$10,741$9,591$8,552$7,616$7,185
12 years$10,898$9,641$8,512$7,501$6,600$6,188
13 years$9,957$8,713$7,605$6,623$5,756$5,362
14 years$9,150$7,920$6,833$5,879$5,045$4,670
15 years$8,452$7,235$6,169$5,243$4,442$4,085
16 years$7,842$6,638$5,593$4,694$3,926$3,586
17 years$7,304$6,113$5,090$4,218$3,481$3,158
18 years$6,826$5,649$4,646$3,801$3,095$2,789
19 years$6,399$5,235$4,253$3,435$2,759$2,468
20 years$6,016$4,865$3,904$3,111$2,464$2,189
21 years$5,669$4,531$3,590$2,823$2,205$1,945
22 years$5,354$4,230$3,309$2,567$1,977$1,731
23 years$5,067$3,956$3,055$2,338$1,774$1,542
24 years$4,805$3,707$2,826$2,132$1,595$1,376
25 years$4,563$3,478$2,617$1,947$1,435$1,228
26 years$4,341$3,269$2,427$1,780$1,293$1,098
27 years$4,135$3,077$2,254$1,630$1,166$982
28 years$3,945$2,899$2,095$1,493$1,052$879
29 years$3,768$2,735$1,950$1,369$950$788
30 years$3,603$2,583$1,816$1,257$858$706
31 years$3,449$2,442$1,693$1,154$776$633
32 years$3,305$2,310$1,580$1,061$702$568
33 years$3,170$2,188$1,475$975$635$510
34 years$3,043$2,074$1,378$897$575$458
35 years$2,924$1,967$1,289$826$521$411
36 years$2,811$1,867$1,205$761$472$370
37 years$2,705$1,773$1,128$701$428$332
38 years$2,605$1,685$1,057$646$388$299
39 years$2,510$1,602$990$596$352$269
40 years$2,420$1,524$928$550$319$242
41 years$2,335$1,451$870$507$289$217
42 years$2,253$1,382$816$468$263$195
43 years$2,176$1,317$766$432$238$176
44 years$2,103$1,255$719$399$216$158
45 years$2,033$1,197$675$368$196$142
46 years$1,966$1,142$634$340$178$128
47 years$1,903$1,090$596$314$162$115
48 years$1,842$1,040$560$290$147$104
49 years$1,784$993$526$268$134$94
50 years$1,728$949$495$248$121$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,770,000, adding $5,826 every year, while hoping to spend $46,459 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: 80/12/8 Blend
63$1,770,000$1,770,000$1,770,000$1,770,000
64$1,956,550$1,862,740$1,835,305$2,110,577
65$2,106,686$1,904,582$1,847,355$2,254,199
66$2,270,578$1,946,917$1,858,252$2,405,057
67$2,449,582$1,989,721$1,867,909$2,569,198
68$2,645,187$2,032,965$1,876,232$2,747,925
69$2,859,036$2,076,619$1,883,124$2,942,673
70$3,092,933$2,120,650$1,888,485$3,155,022
71$3,348,871$2,165,020$1,892,207$3,386,713
72$3,629,038$2,209,688$1,894,179$3,639,663
73$3,935,847$2,254,611$1,894,282$3,915,984
74$4,271,956$2,299,739$1,892,392$4,218,002
75$4,640,289$2,345,020$1,888,381$4,548,279
76$5,044,069$2,390,396$1,882,112$4,909,636
77$5,486,844$2,435,805$1,873,443$5,305,184
78$5,972,523$2,481,181$1,862,224$5,738,346
79$6,505,411$2,526,449$1,848,300$6,212,898
80$7,090,250$2,571,532$1,831,505$6,732,995
81$7,732,263$2,616,345$1,811,667$7,303,218
82$8,437,204$2,660,796$1,788,608$7,928,613
83$9,211,411$2,704,787$1,762,138$8,614,741
84$10,061,865$2,748,212$1,732,061$9,367,726
85$10,996,259$2,790,958$1,698,168$10,194,319
86$12,023,066$2,832,903$1,660,245$11,101,958
87$13,151,620$2,873,917$1,618,065$12,098,836
88$14,392,206$2,913,860$1,571,391$13,193,984
89$15,756,155$2,952,582$1,519,976$14,397,350
90$17,255,948$2,989,924$1,463,561$15,719,900
91$18,905,339$3,025,715$1,401,875$17,173,713
92$20,719,481$3,059,772$1,334,634$18,772,102
93$22,715,067$3,091,900$1,261,544$20,529,737
94$24,910,493$3,121,892$1,182,295$22,462,782
95$27,326,025$3,149,526$1,096,563$24,589,050
96$29,983,992$3,174,566$1,004,011$26,928,170
97$32,909,000$3,196,761$904,286$29,501,773
98$36,128,158$3,215,842$797,019$32,333,694
99$39,671,336$3,231,525$681,826$35,450,201
100$43,571,450$3,243,506$558,304$38,880,239