Can I retire at age 64 with 1,850,000?

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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$152,771$151,410$150,083$148,787$147,522$146,408
2 years$75,629$74,221$72,856$71,532$70,248$69,126
3 years$49,919$48,504$47,142$45,831$44,568$43,471
4 years$37,066$35,656$34,308$33,019$31,787$30,723
5 years$29,356$27,954$26,624$25,362$24,164$23,138
6 years$24,218$22,827$21,516$20,282$19,120$18,133
7 years$20,550$19,170$17,880$16,675$15,550$14,601
8 years$17,799$16,432$15,164$13,988$12,900$11,991
9 years$15,661$14,307$13,061$11,915$10,864$9,993
10 years$13,952$12,611$11,386$10,271$9,256$8,424
11 years$12,554$11,227$10,024$8,939$7,961$7,166
12 years$11,391$10,077$8,896$7,840$6,899$6,141
13 years$10,407$9,106$7,948$6,922$6,016$5,294
14 years$9,564$8,277$7,142$6,144$5,273$4,587
15 years$8,834$7,562$6,448$5,480$4,643$3,991
16 years$8,196$6,938$5,846$4,907$4,104$3,485
17 years$7,634$6,389$5,320$4,408$3,638$3,052
18 years$7,135$5,904$4,856$3,973$3,235$2,680
19 years$6,689$5,472$4,446$3,590$2,884$2,358
20 years$6,288$5,085$4,080$3,251$2,576$2,080
21 years$5,925$4,736$3,753$2,951$2,305$1,837
22 years$5,596$4,421$3,459$2,683$2,066$1,625
23 years$5,296$4,135$3,194$2,443$1,855$1,439
24 years$5,022$3,874$2,953$2,229$1,667$1,276
25 years$4,770$3,636$2,736$2,035$1,500$1,132
26 years$4,537$3,417$2,537$1,861$1,351$1,006
27 years$4,322$3,216$2,356$1,703$1,218$894
28 years$4,123$3,030$2,190$1,561$1,099$795
29 years$3,938$2,859$2,038$1,431$993$708
30 years$3,766$2,700$1,898$1,313$897$631
31 years$3,605$2,552$1,770$1,206$811$562
32 years$3,454$2,415$1,651$1,109$733$501
33 years$3,313$2,287$1,542$1,019$664$447
34 years$3,180$2,167$1,441$938$601$398
35 years$3,056$2,056$1,347$863$544$355
36 years$2,938$1,951$1,260$795$493$317
37 years$2,827$1,853$1,179$733$447$283
38 years$2,722$1,761$1,104$675$405$253
39 years$2,623$1,675$1,035$623$367$226
40 years$2,529$1,593$970$574$333$202
41 years$2,440$1,517$909$530$302$180
42 years$2,355$1,444$853$489$274$161
43 years$2,275$1,376$800$451$249$144
44 years$2,198$1,312$751$417$226$129
45 years$2,125$1,251$705$385$205$115
46 years$2,055$1,193$663$356$186$103
47 years$1,989$1,139$622$329$169$92
48 years$1,925$1,087$585$304$154$82
49 years$1,864$1,038$550$281$140$73
50 years$1,806$992$517$259$127$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,850,000, adding $6,340 every year, while hoping to spend $35,687 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: 47/33/20 Blend
63$1,850,000$1,850,000$1,850,000$1,850,000
64$2,045,240$1,947,190$1,918,515$2,129,464
65$2,215,883$2,004,631$1,944,814$2,246,320
66$2,402,737$2,063,691$1,970,799$2,368,999
67$2,607,415$2,124,412$1,996,420$2,501,413
68$2,831,699$2,186,835$2,021,627$2,644,488
69$3,077,546$2,251,004$2,046,366$2,799,242
70$3,347,116$2,316,963$2,070,579$2,966,797
71$3,642,785$2,384,758$2,094,207$3,148,387
72$3,967,172$2,454,434$2,117,185$3,345,371
73$4,323,160$2,526,038$2,139,448$3,559,246
74$4,713,926$2,599,617$2,160,923$3,791,657
75$5,142,969$2,675,221$2,181,536$4,044,421
76$5,614,143$2,752,898$2,201,209$4,319,532
77$6,131,695$2,832,699$2,219,859$4,619,192
78$6,700,302$2,914,675$2,237,398$4,945,822
79$7,325,117$2,998,878$2,253,735$5,302,090
80$8,011,816$3,085,361$2,268,772$5,690,936
81$8,766,654$3,174,176$2,282,409$6,115,595
82$9,596,521$3,265,379$2,294,538$6,579,635
83$10,509,008$3,359,025$2,305,047$7,086,981
84$11,512,478$3,455,168$2,313,817$7,641,961
85$12,616,146$3,553,867$2,320,725$8,249,342
86$13,830,164$3,655,178$2,325,641$8,914,375
87$15,165,718$3,759,159$2,328,427$9,642,845
88$16,635,133$3,865,868$2,328,940$10,441,127
89$18,251,986$3,975,366$2,327,030$11,316,243
90$20,031,241$4,087,711$2,322,538$12,275,930
91$21,989,382$4,202,964$2,315,298$13,328,715
92$24,144,575$4,321,185$2,305,136$14,483,989
93$26,516,835$4,442,436$2,291,871$15,752,105
94$29,128,215$4,566,778$2,275,311$17,144,465
95$32,003,015$4,694,272$2,255,257$18,673,637
96$35,168,012$4,824,981$2,231,497$20,353,467
97$38,652,711$4,958,967$2,203,814$22,199,212
98$42,489,622$5,096,290$2,171,976$24,227,687
99$46,714,569$5,237,015$2,135,743$26,457,417
100$51,367,028$5,381,201$2,094,863$28,908,818