Can I retire at age 64 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$123,869$122,765$121,689$120,638$119,612$116,390
2 years$61,321$60,179$59,072$57,999$56,958$53,735
3 years$40,475$39,328$38,224$37,161$36,137$33,013
4 years$30,053$28,910$27,817$26,772$25,773$22,773
5 years$23,802$22,666$21,587$20,564$19,592$16,725
6 years$19,636$18,508$17,446$16,445$15,503$12,770
7 years$16,662$15,543$14,497$13,520$12,608$10,010
8 years$14,432$13,323$12,295$11,342$10,459$7,995
9 years$12,698$11,600$10,590$9,661$8,808$6,475
10 years$11,312$10,225$9,232$8,328$7,505$5,301
11 years$10,179$9,103$8,128$7,247$6,455$4,375
12 years$9,236$8,170$7,213$6,357$5,593$3,635
13 years$8,438$7,384$6,445$5,612$4,878$3,036
14 years$7,754$6,711$5,791$4,982$4,276$2,547
15 years$7,163$6,131$5,228$4,443$3,765$2,144
16 years$6,646$5,625$4,740$3,978$3,327$1,810
17 years$6,190$5,181$4,313$3,574$2,950$1,532
18 years$5,785$4,787$3,937$3,221$2,623$1,299
19 years$5,423$4,437$3,605$2,911$2,338$1,104
20 years$5,098$4,123$3,308$2,636$2,088$939
21 years$4,804$3,840$3,043$2,393$1,869$800
22 years$4,537$3,585$2,804$2,175$1,675$682
23 years$4,294$3,353$2,589$1,981$1,504$582
24 years$4,072$3,141$2,395$1,807$1,352$497
25 years$3,867$2,948$2,218$1,650$1,216$425
26 years$3,679$2,770$2,057$1,509$1,096$363
27 years$3,505$2,607$1,910$1,381$988$311
28 years$3,343$2,457$1,776$1,265$891$266
29 years$3,193$2,318$1,652$1,160$805$227
30 years$3,053$2,189$1,539$1,065$727$195
31 years$2,923$2,069$1,435$978$657$167
32 years$2,801$1,958$1,339$899$595$143
33 years$2,686$1,854$1,250$827$538$122
34 years$2,579$1,757$1,168$761$487$105
35 years$2,478$1,667$1,092$700$441$90
36 years$2,382$1,582$1,022$645$400$77
37 years$2,292$1,503$956$594$362$66
38 years$2,207$1,428$895$548$329$57
39 years$2,127$1,358$839$505$298$49
40 years$2,051$1,292$786$466$270$42
41 years$1,978$1,230$737$430$245$36
42 years$1,910$1,171$692$397$222$31
43 years$1,844$1,116$649$366$202$26
44 years$1,782$1,064$609$338$183$22
45 years$1,723$1,014$572$312$166$19
46 years$1,666$968$537$288$151$17
47 years$1,613$923$505$266$137$14
48 years$1,561$882$474$246$125$12
49 years$1,512$842$446$227$113$10
50 years$1,465$804$419$210$103$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,500,000, adding $4,491 every year, while hoping to spend $58,951 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: 64/9/27 Blend
63$1,500,000$1,500,000$1,500,000$1,500,000
64$1,657,632$1,578,132$1,554,882$1,751,604
65$1,763,988$1,592,738$1,544,248$1,830,329
66$1,879,215$1,606,082$1,531,281$1,909,393
67$2,004,158$1,618,043$1,515,841$1,994,494
68$2,139,742$1,628,488$1,497,783$2,086,232
69$2,286,988$1,637,276$1,476,950$2,185,269
70$2,447,017$1,644,258$1,453,184$2,292,337
71$2,621,060$1,649,275$1,426,314$2,408,244
72$2,810,477$1,652,157$1,396,163$2,533,882
73$3,016,759$1,652,727$1,362,548$2,670,235
74$3,241,550$1,650,791$1,325,275$2,818,391
75$3,486,657$1,646,150$1,284,141$2,979,550
76$3,754,071$1,638,586$1,238,935$3,155,035
77$4,045,982$1,627,873$1,189,435$3,346,309
78$4,364,802$1,613,768$1,135,410$3,554,985
79$4,713,184$1,596,015$1,076,619$3,782,843
80$5,094,051$1,574,342$1,012,808$4,031,849
81$5,510,621$1,548,461$943,714$4,304,171
82$5,966,435$1,518,067$869,059$4,602,202
83$6,465,395$1,482,835$788,556$4,928,581
84$7,011,796$1,442,425$701,903$5,286,224
85$7,610,368$1,396,473$608,786$5,678,343
86$8,266,320$1,344,595$508,875$6,108,485
87$8,985,391$1,286,386$401,828$6,580,563
88$9,773,897$1,221,415$287,286$7,098,892
89$10,638,799$1,149,229$164,874$7,668,234
90$11,587,761$1,069,346$34,203$8,293,841
91$12,629,228$981,259$0$8,981,506
92$13,772,499$884,431$0$9,767,940
93$15,027,819$778,293$0$10,642,358
94$16,406,474$662,246$0$11,602,796
95$17,920,894$535,656$0$12,657,962
96$19,584,775$397,853$0$13,817,451
97$21,413,205$248,130$0$15,091,835
98$23,422,804$85,741$0$16,492,766
99$25,631,884$0$0$18,033,083
100$28,060,618$0$0$19,735,858