Can I retire at age 64 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$156,900$155,503$154,139$152,808$151,509$150,114
2 years$77,673$76,227$74,825$73,465$72,147$70,742
3 years$51,268$49,815$48,417$47,070$45,773$44,401
4 years$38,068$36,619$35,235$33,911$32,646$31,317
5 years$30,150$28,710$27,344$26,047$24,817$23,536
6 years$24,873$23,444$22,098$20,830$19,637$18,405
7 years$21,105$19,688$18,363$17,126$15,970$14,788
8 years$18,280$16,876$15,574$14,366$13,249$12,116
9 years$16,085$14,694$13,414$12,237$11,157$10,074
10 years$14,329$12,952$11,694$10,548$9,506$8,472
11 years$12,894$11,530$10,295$9,180$8,176$7,189
12 years$11,698$10,349$9,137$8,052$7,085$6,145
13 years$10,688$9,353$8,163$7,109$6,178$5,284
14 years$9,822$8,501$7,335$6,310$5,416$4,566
15 years$9,073$7,766$6,622$5,628$4,769$3,962
16 years$8,418$7,125$6,004$5,039$4,214$3,450
17 years$7,840$6,562$5,463$4,528$3,737$3,013
18 years$7,328$6,064$4,987$4,080$3,323$2,639
19 years$6,869$5,620$4,566$3,687$2,962$2,315
20 years$6,457$5,222$4,190$3,339$2,645$2,036
21 years$6,085$4,864$3,854$3,031$2,367$1,793
22 years$5,747$4,540$3,552$2,755$2,122$1,581
23 years$5,439$4,247$3,280$2,509$1,905$1,396
24 years$5,157$3,979$3,033$2,289$1,712$1,234
25 years$4,898$3,734$2,809$2,090$1,541$1,092
26 years$4,660$3,509$2,606$1,911$1,388$967
27 years$4,439$3,303$2,420$1,749$1,251$857
28 years$4,235$3,112$2,249$1,603$1,129$760
29 years$4,045$2,936$2,093$1,470$1,019$674
30 years$3,868$2,773$1,950$1,349$921$598
31 years$3,702$2,621$1,818$1,239$833$531
32 years$3,548$2,480$1,696$1,139$753$472
33 years$3,403$2,349$1,583$1,047$682$420
34 years$3,266$2,226$1,479$963$617$373
35 years$3,138$2,111$1,383$887$559$332
36 years$3,018$2,004$1,294$817$507$295
37 years$2,904$1,903$1,211$752$459$263
38 years$2,796$1,809$1,134$694$416$234
39 years$2,694$1,720$1,063$640$377$208
40 years$2,598$1,636$996$590$342$185
41 years$2,506$1,558$934$544$311$165
42 years$2,419$1,484$876$502$282$147
43 years$2,336$1,414$822$464$256$131
44 years$2,257$1,347$772$428$232$116
45 years$2,182$1,285$725$395$211$104
46 years$2,111$1,226$681$365$191$92
47 years$2,043$1,170$639$337$174$82
48 years$1,977$1,117$601$312$158$73
49 years$1,915$1,066$565$288$143$65
50 years$1,855$1,019$531$266$130$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,900,000, adding $6,061 every year, while hoping to spend $29,172 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: 53/35/12 Blend
63$1,900,000$1,900,000$1,900,000$1,900,000
64$2,100,052$1,999,352$1,969,902$2,204,455
65$2,283,218$2,066,281$2,004,855$2,343,149
66$2,484,090$2,135,513$2,040,001$2,490,321
67$2,704,442$2,207,128$2,075,316$2,649,769
68$2,946,230$2,281,212$2,110,774$2,822,663
69$3,211,607$2,357,853$2,146,346$3,010,290
70$3,502,946$2,437,142$2,182,004$3,214,066
71$3,822,860$2,519,175$2,217,714$3,435,548
72$4,174,227$2,604,050$2,253,443$3,676,449
73$4,560,218$2,691,869$2,289,154$3,938,654
74$4,984,328$2,782,738$2,324,808$4,224,239
75$5,450,405$2,876,768$2,360,364$4,535,485
76$5,962,688$2,974,071$2,395,778$4,874,906
77$6,525,848$3,074,767$2,431,003$5,245,268
78$7,145,033$3,178,978$2,465,989$5,649,616
79$7,825,911$3,286,833$2,500,685$6,091,302
80$8,574,729$3,398,463$2,535,033$6,574,015
81$9,398,370$3,514,007$2,568,975$7,101,819
82$10,304,416$3,633,606$2,602,448$7,679,187
83$11,301,223$3,757,408$2,635,387$8,311,046
84$12,397,995$3,885,569$2,667,719$9,002,819
85$13,604,875$4,018,247$2,699,373$9,760,481
86$14,933,040$4,155,608$2,730,269$10,590,609
87$16,394,801$4,297,824$2,760,325$11,500,449
88$18,003,728$4,445,075$2,789,453$12,497,980
89$19,774,771$4,597,545$2,817,561$13,591,990
90$21,724,401$4,755,429$2,844,553$14,792,161
91$23,870,771$4,918,925$2,870,327$16,109,154
92$26,233,880$5,088,244$2,894,774$17,554,713
93$28,835,768$5,263,600$2,917,781$19,141,777
94$31,700,719$5,445,218$2,939,228$20,884,597
95$34,855,491$5,633,333$2,958,991$22,798,871
96$38,329,570$5,828,186$2,976,937$24,901,894
97$42,155,449$6,030,029$2,992,927$27,212,719
98$46,368,929$6,239,125$3,006,815$29,752,335
99$51,009,464$6,455,747$3,018,447$32,543,865
100$56,120,527$6,680,176$3,027,662$35,612,786