Can I retire at age 64 with 1,960,000?

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$161,855$160,413$159,007$157,634$156,293$152,577
2 years$80,126$78,634$77,188$75,785$74,425$70,703
3 years$52,887$51,388$49,946$48,556$47,218$43,606
4 years$39,270$37,776$36,348$34,982$33,677$30,202
5 years$31,102$29,617$28,207$26,870$25,600$22,274
6 years$25,658$24,184$22,796$21,488$20,257$17,081
7 years$21,771$20,310$18,943$17,666$16,474$13,450
8 years$18,858$17,409$16,065$14,820$13,667$10,794
9 years$16,593$15,158$13,837$12,623$11,510$8,784
10 years$14,782$13,361$12,064$10,881$9,807$7,226
11 years$13,301$11,894$10,621$9,470$8,434$5,995
12 years$12,068$10,676$9,425$8,307$7,309$5,007
13 years$11,025$9,648$8,421$7,333$6,373$4,205
14 years$10,132$8,770$7,566$6,510$5,587$3,547
15 years$9,359$8,011$6,831$5,806$4,919$3,003
16 years$8,684$7,350$6,194$5,198$4,348$2,550
17 years$8,088$6,769$5,636$4,671$3,855$2,170
18 years$7,559$6,255$5,145$4,209$3,428$1,852
19 years$7,086$5,797$4,710$3,803$3,055$1,582
20 years$6,661$5,387$4,323$3,445$2,729$1,354
21 years$6,278$5,018$3,976$3,126$2,442$1,161
22 years$5,929$4,684$3,664$2,842$2,189$996
23 years$5,611$4,381$3,383$2,589$1,965$855
24 years$5,320$4,104$3,129$2,361$1,766$735
25 years$5,053$3,852$2,898$2,156$1,589$632
26 years$4,807$3,620$2,688$1,972$1,431$544
27 years$4,579$3,407$2,496$1,805$1,291$468
28 years$4,368$3,210$2,320$1,653$1,165$403
29 years$4,172$3,029$2,159$1,516$1,052$347
30 years$3,990$2,860$2,011$1,392$950$299
31 years$3,819$2,704$1,875$1,278$859$258
32 years$3,660$2,558$1,749$1,174$777$223
33 years$3,510$2,423$1,633$1,080$703$192
34 years$3,370$2,296$1,526$994$637$166
35 years$3,237$2,178$1,427$915$577$143
36 years$3,113$2,067$1,335$843$522$123
37 years$2,995$1,963$1,249$776$474$106
38 years$2,884$1,866$1,170$715$429$92
39 years$2,779$1,774$1,096$660$389$79
40 years$2,680$1,688$1,027$608$353$68
41 years$2,585$1,607$963$561$320$59
42 years$2,495$1,530$904$518$291$51
43 years$2,410$1,458$848$478$264$44
44 years$2,329$1,390$796$442$239$38
45 years$2,251$1,325$747$408$217$33
46 years$2,178$1,264$702$377$197$28
47 years$2,107$1,207$660$348$179$24
48 years$2,040$1,152$620$322$163$21
49 years$1,975$1,100$583$297$148$18
50 years$1,914$1,051$548$275$134$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,960,000, adding $3,657 every year, while hoping to spend $46,446 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: 42/47/11 Blend
63$1,960,000$1,960,000$1,960,000$1,960,000
64$2,163,692$2,059,812$2,029,432$2,247,446
65$2,334,971$2,111,325$2,048,000$2,357,928
66$2,522,163$2,163,805$2,065,633$2,472,556
67$2,726,843$2,217,251$2,082,251$2,595,641
68$2,950,744$2,271,659$2,097,770$2,727,976
69$3,195,774$2,327,025$2,112,100$2,870,431
70$3,464,036$2,383,342$2,125,148$3,023,965
71$3,757,842$2,440,600$2,136,815$3,189,633
72$4,079,742$2,498,789$2,146,997$3,368,598
73$4,432,541$2,557,895$2,155,587$3,562,139
74$4,819,330$2,617,903$2,162,470$3,771,668
75$5,243,515$2,678,792$2,167,525$3,998,735
76$5,708,843$2,740,543$2,170,627$4,245,053
77$6,219,445$2,803,130$2,171,643$4,512,505
78$6,779,870$2,866,525$2,170,435$4,803,168
79$7,395,129$2,930,697$2,166,857$5,119,328
80$8,070,741$2,995,610$2,160,756$5,463,506
81$8,812,787$3,061,225$2,151,971$5,838,479
82$9,627,965$3,127,498$2,140,335$6,247,305
83$10,523,653$3,194,382$2,125,673$6,693,358
84$11,507,981$3,261,822$2,107,798$7,180,351
85$12,589,904$3,329,760$2,086,519$7,712,380
86$13,779,289$3,398,133$2,061,632$8,293,957
87$15,087,006$3,466,871$2,032,926$8,930,055
88$16,525,030$3,535,897$2,000,178$9,626,153
89$18,106,555$3,605,128$1,963,156$10,388,291
90$19,846,119$3,674,475$1,921,617$11,223,127
91$21,759,739$3,743,840$1,875,307$12,137,996
92$23,865,061$3,813,117$1,823,959$13,140,984
93$26,181,530$3,882,192$1,767,294$14,241,003
94$28,730,569$3,950,943$1,705,021$15,447,875
95$31,535,784$4,019,235$1,636,836$16,772,425
96$34,623,183$4,086,927$1,562,419$18,226,585
97$38,021,425$4,153,864$1,481,438$19,823,507
98$41,762,089$4,219,882$1,393,544$21,577,684
99$45,879,968$4,284,802$1,298,374$23,505,093
100$50,413,403$4,348,436$1,195,548$25,623,342