Can I retire at age 64 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$126,346$125,221$124,123$123,051$122,004$118,383
2 years$62,548$61,383$60,254$59,159$58,097$54,479
3 years$41,284$40,114$38,988$37,904$36,859$33,358
4 years$30,655$29,488$28,373$27,308$26,288$22,930
5 years$24,278$23,119$22,019$20,975$19,984$16,778
6 years$20,029$18,878$17,795$16,774$15,813$12,761
7 years$16,995$15,854$14,787$13,791$12,860$9,964
8 years$14,721$13,590$12,541$11,569$10,669$7,925
9 years$12,952$11,832$10,801$9,854$8,984$6,392
10 years$11,539$10,430$9,417$8,494$7,655$5,209
11 years$10,383$9,285$8,291$7,392$6,584$4,280
12 years$9,420$8,334$7,358$6,484$5,705$3,540
13 years$8,606$7,531$6,574$5,725$4,975$2,943
14 years$7,910$6,846$5,906$5,082$4,361$2,457
15 years$7,306$6,254$5,333$4,532$3,840$2,058
16 years$6,778$5,738$4,835$4,058$3,394$1,729
17 years$6,313$5,284$4,399$3,646$3,009$1,456
18 years$5,901$4,883$4,016$3,286$2,676$1,228
19 years$5,532$4,525$3,677$2,969$2,385$1,038
20 years$5,200$4,205$3,374$2,689$2,130$878
21 years$4,900$3,917$3,104$2,440$1,906$744
22 years$4,628$3,656$2,860$2,219$1,709$631
23 years$4,380$3,420$2,641$2,021$1,534$535
24 years$4,153$3,204$2,443$1,843$1,379$455
25 years$3,945$3,007$2,262$1,683$1,241$386
26 years$3,752$2,826$2,098$1,539$1,117$328
27 years$3,575$2,660$1,948$1,409$1,007$279
28 years$3,410$2,506$1,811$1,291$909$238
29 years$3,257$2,364$1,686$1,184$821$202
30 years$3,114$2,233$1,570$1,086$742$172
31 years$2,981$2,111$1,464$998$671$147
32 years$2,857$1,997$1,366$917$607$125
33 years$2,740$1,891$1,275$843$549$106
34 years$2,630$1,793$1,191$776$497$91
35 years$2,527$1,700$1,114$714$450$77
36 years$2,430$1,614$1,042$658$408$66
37 years$2,338$1,533$975$606$370$56
38 years$2,252$1,457$913$559$335$48
39 years$2,170$1,385$856$515$304$41
40 years$2,092$1,318$802$475$276$35
41 years$2,018$1,254$752$438$250$30
42 years$1,948$1,195$705$404$227$25
43 years$1,881$1,138$662$373$206$21
44 years$1,818$1,085$621$345$187$18
45 years$1,757$1,035$583$318$170$16
46 years$1,700$987$548$294$154$13
47 years$1,645$942$515$272$140$11
48 years$1,592$899$484$251$127$10
49 years$1,542$859$455$232$115$8
50 years$1,494$820$428$214$105$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,530,000, adding $2,091 every year, while hoping to spend $40,093 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: 32/50/18 Blend
63$1,530,000$1,530,000$1,530,000$1,530,000
64$1,688,217$1,607,127$1,583,412$1,732,697
65$1,817,756$1,643,217$1,593,798$1,802,070
66$1,959,165$1,679,733$1,603,187$1,872,920
67$2,113,611$1,716,651$1,611,506$1,948,383
68$2,282,382$1,753,949$1,618,673$2,028,884
69$2,466,892$1,791,599$1,624,605$2,114,895
70$2,668,700$1,829,574$1,629,216$2,206,932
71$2,889,524$1,867,839$1,632,411$2,305,567
72$3,131,254$1,906,361$1,634,095$2,411,431
73$3,395,970$1,945,102$1,634,165$2,525,218
74$3,685,966$1,984,018$1,632,516$2,647,696
75$4,003,764$2,023,065$1,629,036$2,779,709
76$4,352,146$2,062,193$1,623,606$2,922,191
77$4,734,172$2,101,348$1,616,104$3,076,169
78$5,153,216$2,140,472$1,606,402$3,242,779
79$5,612,991$2,179,502$1,594,363$3,423,273
80$6,117,588$2,218,370$1,579,847$3,619,031
81$6,671,515$2,257,003$1,562,704$3,831,577
82$7,279,735$2,295,321$1,542,781$4,062,591
83$7,947,717$2,333,241$1,519,913$4,313,927
84$8,681,485$2,370,671$1,493,931$4,587,629
85$9,487,675$2,407,512$1,464,656$4,885,954
86$10,373,597$2,443,660$1,431,901$5,211,390
87$11,347,307$2,479,002$1,395,472$5,566,682
88$12,417,676$2,513,417$1,355,165$5,954,857
89$13,594,480$2,546,776$1,310,764$6,379,255
90$14,888,490$2,578,940$1,262,048$6,843,562
91$16,311,572$2,609,764$1,208,782$7,351,839
92$17,876,797$2,639,088$1,150,721$7,908,570
93$19,598,572$2,666,744$1,087,612$8,518,698
94$21,492,765$2,692,553$1,019,185$9,187,676
95$23,576,863$2,716,324$945,164$9,921,518
96$25,870,131$2,737,853$865,255$10,726,858
97$28,393,799$2,756,921$779,155$11,611,011
98$31,171,255$2,773,299$686,546$12,582,044
99$34,228,272$2,786,740$587,095$13,648,856
100$37,593,248$2,796,983$480,454$14,821,258