Can I retire at age 64 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$159,378$157,958$156,573$155,221$153,901$153,124
2 years$78,900$77,430$76,006$74,625$73,286$72,502
3 years$52,077$50,602$49,181$47,813$46,496$45,728
4 years$38,669$37,198$35,791$34,447$33,161$32,417
5 years$30,626$29,163$27,775$26,458$25,209$24,490
6 years$25,265$23,814$22,447$21,159$19,947$19,254
7 years$21,438$19,999$18,653$17,396$16,222$15,556
8 years$18,569$17,143$15,819$14,593$13,458$12,818
9 years$16,339$14,926$13,625$12,430$11,333$10,720
10 years$14,555$13,156$11,879$10,715$9,657$9,069
11 years$13,097$11,712$10,458$9,325$8,305$7,743
12 years$11,883$10,512$9,281$8,179$7,197$6,661
13 years$10,857$9,500$8,292$7,221$6,276$5,764
14 years$9,977$8,635$7,451$6,410$5,501$5,014
15 years$9,216$7,889$6,727$5,717$4,844$4,380
16 years$8,551$7,238$6,099$5,119$4,281$3,840
17 years$7,964$6,666$5,550$4,599$3,796$3,377
18 years$7,443$6,159$5,066$4,145$3,375$2,978
19 years$6,978$5,708$4,638$3,745$3,008$2,632
20 years$6,559$5,305$4,256$3,392$2,687$2,331
21 years$6,181$4,941$3,915$3,078$2,405$2,068
22 years$5,838$4,612$3,608$2,799$2,155$1,837
23 years$5,525$4,314$3,332$2,549$1,935$1,635
24 years$5,239$4,042$3,081$2,325$1,739$1,456
25 years$4,976$3,793$2,854$2,123$1,565$1,298
26 years$4,733$3,565$2,647$1,941$1,410$1,159
27 years$4,509$3,355$2,458$1,777$1,271$1,035
28 years$4,302$3,161$2,285$1,628$1,147$925
29 years$4,108$2,982$2,126$1,493$1,035$827
30 years$3,929$2,816$1,980$1,370$936$740
31 years$3,761$2,662$1,846$1,258$846$663
32 years$3,604$2,519$1,723$1,157$765$594
33 years$3,456$2,386$1,608$1,064$692$532
34 years$3,318$2,261$1,503$979$627$477
35 years$3,188$2,145$1,405$901$568$428
36 years$3,065$2,036$1,314$830$515$384
37 years$2,950$1,933$1,230$764$466$344
38 years$2,840$1,837$1,152$705$423$309
39 years$2,737$1,747$1,079$650$383$277
40 years$2,639$1,662$1,012$599$348$249
41 years$2,546$1,582$949$553$315$224
42 years$2,457$1,507$890$510$286$201
43 years$2,373$1,436$835$471$260$180
44 years$2,293$1,369$784$435$236$162
45 years$2,217$1,305$736$402$214$146
46 years$2,144$1,245$691$371$194$131
47 years$2,075$1,188$649$343$176$118
48 years$2,008$1,134$610$317$160$106
49 years$1,945$1,083$574$293$146$95
50 years$1,884$1,035$539$271$132$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,930,000, adding $3,243 every year, while hoping to spend $50,745 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: 45/40/15 Blend
63$1,930,000$1,930,000$1,930,000$1,930,000
64$2,130,205$2,027,915$1,998,000$2,216,786
65$2,293,494$2,073,291$2,010,941$2,322,850
66$2,471,737$2,119,189$2,022,614$2,432,430
67$2,666,407$2,165,582$2,032,925$2,550,155
68$2,879,123$2,212,438$2,041,771$2,676,801
69$3,111,671$2,259,724$2,049,046$2,813,222
70$3,366,012$2,307,402$2,054,640$2,960,358
71$3,644,310$2,355,429$2,058,436$3,119,247
72$3,948,946$2,403,762$2,060,310$3,291,032
73$4,282,542$2,452,350$2,060,134$3,476,971
74$4,647,985$2,501,138$2,057,772$3,678,453
75$5,048,454$2,550,069$2,053,082$3,897,009
76$5,487,453$2,599,079$2,045,916$4,134,325
77$5,968,837$2,648,097$2,036,118$4,392,262
78$6,496,854$2,697,050$2,023,525$4,672,868
79$7,076,184$2,745,857$2,007,964$4,978,404
80$7,711,981$2,794,429$1,989,256$5,311,361
81$8,409,920$2,842,673$1,967,213$5,674,487
82$9,176,255$2,890,488$1,941,638$6,070,808
83$10,017,876$2,937,764$1,912,325$6,503,663
84$10,942,369$2,984,384$1,879,058$6,976,734
85$11,958,095$3,030,223$1,841,611$7,494,077
86$13,074,262$3,075,146$1,799,746$8,060,167
87$14,301,016$3,119,007$1,753,217$8,679,935
88$15,649,534$3,161,653$1,701,764$9,358,820
89$17,132,130$3,202,918$1,645,117$10,102,818
90$18,762,371$3,242,624$1,582,992$10,918,537
91$20,555,204$3,280,584$1,515,093$11,813,264
92$22,527,096$3,316,594$1,441,110$12,795,035
93$24,696,192$3,350,439$1,360,719$13,872,705
94$27,082,482$3,381,889$1,273,583$15,056,041
95$29,707,994$3,410,700$1,179,346$16,355,807
96$32,596,995$3,436,611$1,077,640$17,783,872
97$35,776,226$3,459,342$968,079$19,353,320
98$39,275,151$3,478,599$850,259$21,078,575
99$43,126,233$3,494,067$723,759$22,975,540
100$47,365,243$3,505,411$588,139$25,061,745