Can I retire at age 64 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$155,249$153,866$152,517$151,200$149,914$145,173
2 years$76,856$75,424$74,037$72,692$71,388$66,654
3 years$50,728$49,291$47,907$46,575$45,291$40,714
4 years$37,667$36,234$34,864$33,554$32,302$27,916
5 years$29,832$28,408$27,056$25,773$24,556$20,372
6 years$24,611$23,197$21,865$20,611$19,430$15,453
7 years$20,883$19,481$18,170$16,945$15,802$12,031
8 years$18,088$16,699$15,410$14,215$13,109$9,542
9 years$15,915$14,539$13,272$12,108$11,040$7,672
10 years$14,178$12,816$11,571$10,437$9,406$6,233
11 years$12,758$11,409$10,187$9,084$8,090$5,105
12 years$11,575$10,240$9,041$7,967$7,010$4,208
13 years$10,575$9,254$8,077$7,034$6,113$3,486
14 years$9,719$8,412$7,257$6,244$5,359$2,900
15 years$8,977$7,684$6,553$5,569$4,718$2,421
16 years$8,329$7,050$5,941$4,986$4,170$2,027
17 years$7,758$6,493$5,406$4,480$3,697$1,700
18 years$7,250$6,000$4,935$4,037$3,288$1,429
19 years$6,797$5,560$4,518$3,648$2,930$1,203
20 years$6,390$5,167$4,146$3,304$2,617$1,014
21 years$6,021$4,813$3,814$2,999$2,342$856
22 years$5,687$4,493$3,515$2,726$2,100$723
23 years$5,382$4,202$3,245$2,483$1,885$611
24 years$5,103$3,937$3,001$2,265$1,694$517
25 years$4,847$3,695$2,780$2,068$1,524$437
26 years$4,611$3,472$2,578$1,891$1,373$370
27 years$4,392$3,268$2,394$1,731$1,238$314
28 years$4,190$3,079$2,226$1,586$1,117$266
29 years$4,002$2,905$2,071$1,454$1,009$225
30 years$3,827$2,743$1,929$1,335$911$191
31 years$3,663$2,593$1,799$1,226$824$162
32 years$3,510$2,454$1,678$1,127$745$137
33 years$3,367$2,324$1,567$1,036$675$117
34 years$3,232$2,203$1,464$953$611$99
35 years$3,105$2,089$1,369$877$553$84
36 years$2,986$1,983$1,280$808$501$71
37 years$2,873$1,883$1,198$745$454$60
38 years$2,767$1,790$1,122$686$412$51
39 years$2,666$1,702$1,051$633$373$43
40 years$2,570$1,619$985$584$339$37
41 years$2,480$1,541$924$538$307$31
42 years$2,394$1,468$867$497$279$27
43 years$2,312$1,399$813$459$253$23
44 years$2,234$1,333$764$424$230$19
45 years$2,159$1,271$717$391$209$16
46 years$2,089$1,213$673$361$189$14
47 years$2,021$1,157$633$334$172$12
48 years$1,956$1,105$594$308$156$10
49 years$1,895$1,055$559$285$142$8
50 years$1,836$1,008$525$264$129$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,880,000, adding $4,642 every year, while hoping to spend $20,835 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: 52/39/9 Blend
63$1,880,000$1,880,000$1,880,000$1,880,000
64$2,076,548$1,976,908$1,947,768$2,179,530
65$2,266,188$2,051,608$1,990,850$2,324,795
66$2,474,472$2,129,271$2,034,677$2,480,052
67$2,703,282$2,210,018$2,079,252$2,648,404
68$2,954,687$2,293,979$2,124,577$2,831,090
69$3,230,968$2,381,288$2,170,654$3,029,473
70$3,534,640$2,472,084$2,217,484$3,245,050
71$3,868,472$2,566,514$2,265,068$3,479,468
72$4,235,512$2,664,730$2,313,404$3,734,537
73$4,639,124$2,766,891$2,362,492$4,012,249
74$5,083,008$2,873,162$2,412,330$4,314,792
75$5,571,246$2,983,718$2,462,914$4,644,576
76$6,108,332$3,098,739$2,514,240$5,004,250
77$6,699,218$3,218,414$2,566,304$5,396,728
78$7,349,362$3,342,940$2,619,098$5,825,218
79$8,064,775$3,472,522$2,672,616$6,293,248
80$8,852,083$3,607,376$2,726,849$6,804,702
81$9,718,583$3,747,726$2,781,787$7,363,854
82$10,672,320$3,893,806$2,837,419$7,975,407
83$11,722,155$4,045,861$2,893,730$8,644,538
84$12,877,853$4,204,146$2,950,708$9,376,947
85$14,150,174$4,368,928$3,008,336$10,178,906
86$15,550,972$4,540,486$3,066,596$11,057,323
87$17,093,312$4,719,112$3,125,469$12,019,800
88$18,791,590$4,905,108$3,184,932$13,074,708
89$20,661,667$5,098,793$3,244,962$14,231,267
90$22,721,022$5,300,499$3,305,533$15,499,624
91$24,988,915$5,510,572$3,366,617$16,890,956
92$27,486,569$5,729,374$3,428,183$18,417,570
93$30,237,370$5,957,285$3,490,198$20,093,019
94$33,267,089$6,194,699$3,552,627$21,932,229
95$36,604,122$6,442,030$3,615,430$23,951,639
96$40,279,763$6,699,709$3,678,567$26,169,353
97$44,328,492$6,968,188$3,741,993$28,605,312
98$48,788,308$7,247,939$3,805,659$31,281,477
99$53,701,082$7,539,455$3,869,516$34,222,040
100$59,112,954$7,843,250$3,933,506$37,453,648