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%14.7%
1 years$124,694$123,584$122,500$121,442$120,410$118,075
2 years$61,730$60,580$59,466$58,386$57,338$54,995
3 years$40,744$39,590$38,478$37,408$36,377$34,100
4 years$30,254$29,103$28,002$26,951$25,945$23,750
5 years$23,961$22,817$21,731$20,701$19,723$17,617
6 years$19,767$18,632$17,562$16,554$15,606$13,591
7 years$16,773$15,647$14,594$13,610$12,692$10,769
8 years$14,528$13,412$12,377$11,417$10,529$8,697
9 years$12,783$11,678$10,660$9,725$8,867$7,125
10 years$11,388$10,293$9,294$8,383$7,555$5,901
11 years$10,247$9,164$8,182$7,296$6,498$4,930
12 years$9,297$8,225$7,261$6,399$5,631$4,147
13 years$8,494$7,433$6,488$5,650$4,910$3,508
14 years$7,806$6,756$5,829$5,015$4,304$2,981
15 years$7,211$6,172$5,263$4,473$3,790$2,543
16 years$6,690$5,663$4,772$4,005$3,349$2,177
17 years$6,231$5,215$4,342$3,598$2,970$1,868
18 years$5,823$4,819$3,964$3,243$2,641$1,606
19 years$5,459$4,466$3,629$2,930$2,354$1,384
20 years$5,132$4,150$3,330$2,654$2,102$1,194
21 years$4,836$3,866$3,063$2,408$1,881$1,032
22 years$4,568$3,608$2,823$2,190$1,686$893
23 years$4,323$3,375$2,607$1,994$1,514$773
24 years$4,099$3,162$2,411$1,819$1,361$671
25 years$3,893$2,967$2,233$1,661$1,224$582
26 years$3,703$2,789$2,071$1,519$1,103$505
27 years$3,528$2,625$1,923$1,390$994$439
28 years$3,365$2,473$1,788$1,274$897$381
29 years$3,214$2,333$1,664$1,168$810$331
30 years$3,074$2,204$1,549$1,072$732$288
31 years$2,942$2,083$1,445$985$662$251
32 years$2,819$1,971$1,348$905$599$218
33 years$2,704$1,867$1,258$832$542$190
34 years$2,596$1,769$1,176$766$491$165
35 years$2,494$1,678$1,099$705$444$144
36 years$2,398$1,593$1,028$649$403$125
37 years$2,308$1,513$963$598$365$109
38 years$2,222$1,438$901$551$331$95
39 years$2,141$1,367$844$508$300$83
40 years$2,064$1,301$792$469$272$72
41 years$1,992$1,238$742$433$247$63
42 years$1,922$1,179$696$399$224$55
43 years$1,857$1,123$653$368$203$48
44 years$1,794$1,071$613$340$184$42
45 years$1,734$1,021$576$314$167$36
46 years$1,678$974$541$290$152$32
47 years$1,623$930$508$268$138$28
48 years$1,571$887$477$248$125$24
49 years$1,522$847$449$229$114$21
50 years$1,474$809$422$212$103$18

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 $3,631 every year, while hoping to spend $38,225 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: 39/36/25 Blend
63$1,510,000$1,510,000$1,510,000$1,510,000
64$1,667,765$1,587,735$1,564,330$1,720,302
65$1,797,206$1,624,863$1,576,064$1,795,908
66$1,938,569$1,662,529$1,586,910$1,873,774
67$2,093,029$1,700,720$1,596,798$1,957,222
68$2,261,882$1,739,418$1,605,654$2,046,783
69$2,446,551$1,778,607$1,613,400$2,143,043
70$2,648,605$1,818,265$1,619,956$2,246,648
71$2,869,774$1,858,371$1,625,235$2,358,310
72$3,111,958$1,898,898$1,629,148$2,478,813
73$3,377,254$1,939,820$1,631,600$2,609,024
74$3,667,968$1,981,105$1,632,493$2,749,897
75$3,986,641$2,022,719$1,631,721$2,902,483
76$4,336,071$2,064,626$1,629,177$3,067,945
77$4,719,342$2,106,784$1,624,746$3,247,561
78$5,139,847$2,149,149$1,618,307$3,442,743
79$5,601,326$2,191,672$1,609,736$3,655,047
80$6,107,899$2,234,301$1,598,899$3,886,191
81$6,664,102$2,276,979$1,585,660$4,138,066
82$7,274,933$2,319,645$1,569,873$4,412,761
83$7,945,899$2,362,230$1,551,386$4,712,577
84$8,683,064$2,404,662$1,530,041$5,040,052
85$9,493,111$2,446,865$1,505,671$5,397,987
86$10,383,400$2,488,753$1,478,103$5,789,468
87$11,362,042$2,530,237$1,447,154$6,217,900
88$12,437,970$2,571,218$1,412,634$6,687,036
89$13,621,028$2,611,593$1,374,342$7,201,016
90$14,922,062$2,651,250$1,332,071$7,764,406
91$16,353,019$2,690,068$1,285,603$8,382,239
92$17,927,064$2,727,919$1,234,708$9,060,065
93$19,658,702$2,764,664$1,179,148$9,804,004
94$21,563,915$2,800,157$1,118,674$10,620,806
95$23,660,309$2,834,240$1,053,025$11,517,911
96$25,967,287$2,866,745$981,928$12,503,523
97$28,506,227$2,897,492$905,099$13,586,689
98$31,300,682$2,926,288$822,239$14,777,383
99$34,376,606$2,952,931$733,039$16,086,603
100$37,762,597$2,977,202$637,173$17,526,472