Can I retire at age 64 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$124,694$123,584$122,500$121,442$120,410$117,071
2 years$61,730$60,580$59,466$58,386$57,338$54,000
3 years$40,744$39,590$38,478$37,408$36,377$33,144
4 years$30,254$29,103$28,002$26,951$25,945$22,840
5 years$23,961$22,817$21,731$20,701$19,723$16,756
6 years$19,767$18,632$17,562$16,554$15,606$12,780
7 years$16,773$15,647$14,594$13,610$12,692$10,007
8 years$14,528$13,412$12,377$11,417$10,529$7,983
9 years$12,783$11,678$10,660$9,725$8,867$6,458
10 years$11,388$10,293$9,294$8,383$7,555$5,280
11 years$10,247$9,164$8,182$7,296$6,498$4,352
12 years$9,297$8,225$7,261$6,399$5,631$3,611
13 years$8,494$7,433$6,488$5,650$4,910$3,012
14 years$7,806$6,756$5,829$5,015$4,304$2,523
15 years$7,211$6,172$5,263$4,473$3,790$2,121
16 years$6,690$5,663$4,772$4,005$3,349$1,788
17 years$6,231$5,215$4,342$3,598$2,970$1,511
18 years$5,823$4,819$3,964$3,243$2,641$1,280
19 years$5,459$4,466$3,629$2,930$2,354$1,086
20 years$5,132$4,150$3,330$2,654$2,102$922
21 years$4,836$3,866$3,063$2,408$1,881$784
22 years$4,568$3,608$2,823$2,190$1,686$668
23 years$4,323$3,375$2,607$1,994$1,514$569
24 years$4,099$3,162$2,411$1,819$1,361$485
25 years$3,893$2,967$2,233$1,661$1,224$414
26 years$3,703$2,789$2,071$1,519$1,103$353
27 years$3,528$2,625$1,923$1,390$994$302
28 years$3,365$2,473$1,788$1,274$897$258
29 years$3,214$2,333$1,664$1,168$810$220
30 years$3,074$2,204$1,549$1,072$732$188
31 years$2,942$2,083$1,445$985$662$161
32 years$2,819$1,971$1,348$905$599$138
33 years$2,704$1,867$1,258$832$542$118
34 years$2,596$1,769$1,176$766$491$101
35 years$2,494$1,678$1,099$705$444$86
36 years$2,398$1,593$1,028$649$403$74
37 years$2,308$1,513$963$598$365$63
38 years$2,222$1,438$901$551$331$54
39 years$2,141$1,367$844$508$300$46
40 years$2,064$1,301$792$469$272$40
41 years$1,992$1,238$742$433$247$34
42 years$1,922$1,179$696$399$224$29
43 years$1,857$1,123$653$368$203$25
44 years$1,794$1,071$613$340$184$21
45 years$1,734$1,021$576$314$167$18
46 years$1,678$974$541$290$152$16
47 years$1,623$930$508$268$138$13
48 years$1,571$887$477$248$125$11
49 years$1,522$847$449$229$114$10
50 years$1,474$809$422$212$103$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,510,000, adding $4,136 every year, while hoping to spend $45,564 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: 47/43/10 Blend
63$1,510,000$1,510,000$1,510,000$1,510,000
64$1,668,286$1,588,256$1,564,851$1,741,906
65$1,789,972$1,617,601$1,568,794$1,822,392
66$1,922,542$1,646,857$1,571,342$1,904,626
67$2,067,059$1,675,971$1,572,400$1,992,833
68$2,224,692$1,704,886$1,571,868$2,087,583
69$2,396,728$1,733,543$1,569,643$2,189,504
70$2,584,583$1,761,875$1,565,614$2,299,290
71$2,789,815$1,789,811$1,559,667$2,417,704
72$3,014,142$1,817,278$1,551,682$2,545,589
73$3,259,452$1,844,193$1,541,531$2,683,874
74$3,527,827$1,870,469$1,529,083$2,833,584
75$3,821,558$1,896,014$1,514,200$2,995,849
76$4,143,167$1,920,729$1,496,735$3,171,917
77$4,495,432$1,944,506$1,476,538$3,363,162
78$4,881,412$1,967,233$1,453,448$3,571,102
79$5,304,477$1,988,788$1,427,299$3,797,410
80$5,768,336$2,009,042$1,397,917$4,043,932
81$6,277,078$2,027,857$1,365,119$4,312,702
82$6,835,204$2,045,085$1,328,714$4,605,968
83$7,447,670$2,060,570$1,288,502$4,926,205
84$8,119,940$2,074,146$1,244,274$5,276,146
85$8,858,028$2,085,633$1,195,811$5,658,804
86$9,668,562$2,094,844$1,142,886$6,077,502
87$10,558,841$2,101,577$1,085,258$6,535,906
88$11,536,907$2,105,618$1,022,678$7,038,060
89$12,611,619$2,106,742$954,886$7,588,422
90$13,792,738$2,104,705$881,608$8,191,911
91$15,091,014$2,099,253$802,559$8,853,952
92$16,518,295$2,090,114$717,442$9,580,525
93$18,087,630$2,076,998$625,945$10,378,230
94$19,813,398$2,059,601$527,744$11,254,341
95$21,711,440$2,037,597$422,499$12,216,882
96$23,799,211$2,010,643$309,857$13,274,703
97$26,095,940$1,978,374$189,447$14,437,560
98$28,622,816$1,940,404$60,883$15,716,214
99$31,403,183$1,896,324$0$17,122,530
100$34,462,764$1,845,700$0$18,677,736