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%17.8%
1 years$123,869$122,765$121,689$120,638$119,612$115,830
2 years$61,321$60,179$59,072$57,999$56,958$53,182
3 years$40,475$39,328$38,224$37,161$36,137$32,485
4 years$30,053$28,910$27,817$26,772$25,773$22,273
5 years$23,802$22,666$21,587$20,564$19,592$16,254
6 years$19,636$18,508$17,446$16,445$15,503$12,330
7 years$16,662$15,543$14,497$13,520$12,608$9,599
8 years$14,432$13,323$12,295$11,342$10,459$7,613
9 years$12,698$11,600$10,590$9,661$8,808$6,121
10 years$11,312$10,225$9,232$8,328$7,505$4,973
11 years$10,179$9,103$8,128$7,247$6,455$4,073
12 years$9,236$8,170$7,213$6,357$5,593$3,358
13 years$8,438$7,384$6,445$5,612$4,878$2,782
14 years$7,754$6,711$5,791$4,982$4,276$2,314
15 years$7,163$6,131$5,228$4,443$3,765$1,932
16 years$6,646$5,625$4,740$3,978$3,327$1,617
17 years$6,190$5,181$4,313$3,574$2,950$1,357
18 years$5,785$4,787$3,937$3,221$2,623$1,140
19 years$5,423$4,437$3,605$2,911$2,338$960
20 years$5,098$4,123$3,308$2,636$2,088$809
21 years$4,804$3,840$3,043$2,393$1,869$683
22 years$4,537$3,585$2,804$2,175$1,675$577
23 years$4,294$3,353$2,589$1,981$1,504$488
24 years$4,072$3,141$2,395$1,807$1,352$412
25 years$3,867$2,948$2,218$1,650$1,216$349
26 years$3,679$2,770$2,057$1,509$1,096$296
27 years$3,505$2,607$1,910$1,381$988$250
28 years$3,343$2,457$1,776$1,265$891$212
29 years$3,193$2,318$1,652$1,160$805$180
30 years$3,053$2,189$1,539$1,065$727$152
31 years$2,923$2,069$1,435$978$657$129
32 years$2,801$1,958$1,339$899$595$110
33 years$2,686$1,854$1,250$827$538$93
34 years$2,579$1,757$1,168$761$487$79
35 years$2,478$1,667$1,092$700$441$67
36 years$2,382$1,582$1,022$645$400$57
37 years$2,292$1,503$956$594$362$48
38 years$2,207$1,428$895$548$329$41
39 years$2,127$1,358$839$505$298$35
40 years$2,051$1,292$786$466$270$29
41 years$1,978$1,230$737$430$245$25
42 years$1,910$1,171$692$397$222$21
43 years$1,844$1,116$649$366$202$18
44 years$1,782$1,064$609$338$183$15
45 years$1,723$1,014$572$312$166$13
46 years$1,666$968$537$288$151$11
47 years$1,613$923$505$266$137$9
48 years$1,561$882$474$246$125$8
49 years$1,512$842$446$227$113$7
50 years$1,465$804$419$210$103$6

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 $4,955 every year, while hoping to spend $43,928 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: 57/38/5 Blend
63$1,500,000$1,500,000$1,500,000$1,500,000
64$1,658,111$1,578,611$1,555,361$1,750,764
65$1,780,499$1,609,224$1,560,727$1,844,188
66$1,913,899$1,639,865$1,564,800$1,940,522
67$2,059,387$1,670,488$1,567,490$2,044,374
68$2,218,148$1,701,045$1,568,705$2,156,464
69$2,391,486$1,731,484$1,568,344$2,277,587
70$2,580,839$1,761,748$1,566,305$2,408,616
71$2,787,786$1,791,775$1,562,478$2,550,514
72$3,014,069$1,821,501$1,556,749$2,704,344
73$3,261,603$1,850,853$1,548,999$2,871,273
74$3,532,498$1,879,757$1,539,103$3,052,592
75$3,829,079$1,908,131$1,526,928$3,249,720
76$4,153,903$1,935,888$1,512,339$3,464,223
77$4,509,789$1,962,934$1,495,189$3,697,826
78$4,899,839$1,989,169$1,475,330$3,952,431
79$5,327,470$2,014,486$1,452,601$4,230,134
80$5,796,447$2,038,771$1,426,838$4,533,244
81$6,310,915$2,061,901$1,397,868$4,864,310
82$6,875,441$2,083,747$1,365,509$5,226,136
83$7,495,054$2,104,168$1,329,572$5,621,819
84$8,175,295$2,123,018$1,289,857$6,054,769
85$8,922,266$2,140,137$1,246,159$6,528,745
86$9,742,690$2,155,357$1,198,258$7,047,893
87$10,643,974$2,168,499$1,145,929$7,616,782
88$11,634,276$2,179,372$1,088,935$8,240,448
89$12,722,585$2,187,773$1,027,026$8,924,443
90$13,918,801$2,193,487$959,945$9,674,889
91$15,233,835$2,196,284$887,419$10,498,532
92$16,679,705$2,195,921$809,166$11,402,811
93$18,269,652$2,192,138$724,890$12,395,924
94$20,018,265$2,184,661$634,282$13,486,911
95$21,941,617$2,173,199$537,020$14,685,734
96$24,057,419$2,157,442$432,767$16,003,378
97$26,385,181$2,137,063$321,170$17,451,950
98$28,946,403$2,111,712$201,863$19,044,798
99$31,764,773$2,081,023$74,463$20,796,633
100$34,866,391$2,044,604$0$22,723,675