Can I retire at age 64 with 1,550,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$127,998$126,857$125,745$124,659$123,599$120,465
2 years$63,365$62,185$61,041$59,932$58,857$55,719
3 years$41,824$40,639$39,498$38,399$37,341$34,298
4 years$31,055$29,874$28,744$27,664$26,632$23,708
5 years$24,596$23,421$22,307$21,249$20,245$17,448
6 years$20,291$19,125$18,027$16,993$16,019$13,351
7 years$17,217$16,061$14,981$13,971$13,028$10,489
8 years$14,913$13,768$12,705$11,720$10,808$8,398
9 years$13,122$11,987$10,943$9,983$9,102$6,818
10 years$11,690$10,566$9,540$8,605$7,755$5,595
11 years$10,519$9,406$8,399$7,489$6,670$4,630
12 years$9,543$8,443$7,454$6,569$5,780$3,857
13 years$8,719$7,630$6,659$5,799$5,040$3,230
14 years$8,013$6,935$5,984$5,148$4,418$2,717
15 years$7,402$6,335$5,402$4,591$3,890$2,294
16 years$6,867$5,813$4,898$4,111$3,438$1,942
17 years$6,396$5,353$4,457$3,694$3,048$1,648
18 years$5,978$4,947$4,069$3,329$2,711$1,402
19 years$5,604$4,584$3,725$3,008$2,416$1,195
20 years$5,268$4,260$3,418$2,724$2,158$1,019
21 years$4,964$3,968$3,144$2,472$1,931$871
22 years$4,689$3,704$2,898$2,248$1,731$745
23 years$4,437$3,464$2,676$2,047$1,554$638
24 years$4,207$3,246$2,475$1,867$1,397$546
25 years$3,996$3,046$2,292$1,705$1,257$468
26 years$3,801$2,863$2,126$1,559$1,132$402
27 years$3,621$2,694$1,974$1,427$1,021$345
28 years$3,455$2,539$1,835$1,308$921$296
29 years$3,300$2,395$1,708$1,199$832$254
30 years$3,155$2,262$1,591$1,100$751$218
31 years$3,020$2,138$1,483$1,011$679$188
32 years$2,894$2,023$1,383$929$615$161
33 years$2,776$1,916$1,292$854$556$139
34 years$2,665$1,816$1,207$786$504$119
35 years$2,560$1,722$1,128$723$456$102
36 years$2,462$1,635$1,056$666$413$88
37 years$2,369$1,553$988$614$374$76
38 years$2,281$1,476$925$566$340$65
39 years$2,198$1,403$867$522$308$56
40 years$2,119$1,335$813$481$279$48
41 years$2,044$1,271$762$444$253$41
42 years$1,973$1,210$715$410$230$36
43 years$1,906$1,153$671$378$209$31
44 years$1,842$1,099$629$349$189$26
45 years$1,780$1,048$591$323$172$23
46 years$1,722$1,000$555$298$156$20
47 years$1,666$954$522$275$142$17
48 years$1,613$911$490$254$129$14
49 years$1,562$870$461$235$117$12
50 years$1,513$831$433$217$106$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,550,000, adding $2,067 every year, while hoping to spend $54,272 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: 29/49/22 Blend
63$1,550,000$1,550,000$1,550,000$1,550,000
64$1,710,232$1,628,082$1,604,057$1,747,991
65$1,826,931$1,650,113$1,600,048$1,799,348
66$1,953,714$1,671,405$1,594,086$1,849,565
67$2,091,552$1,691,863$1,586,047$1,902,418
68$2,241,515$1,711,389$1,575,804$1,958,169
69$2,404,778$1,729,875$1,563,222$2,017,107
70$2,582,634$1,747,208$1,548,159$2,079,556
71$2,776,507$1,763,266$1,530,467$2,145,875
72$2,987,965$1,777,920$1,509,991$2,216,463
73$3,218,731$1,791,032$1,486,570$2,291,763
74$3,470,704$1,802,455$1,460,032$2,372,269
75$3,745,974$1,812,033$1,430,201$2,458,527
76$4,046,841$1,819,600$1,396,891$2,551,145
77$4,375,838$1,824,980$1,359,906$2,650,797
78$4,735,753$1,827,984$1,319,043$2,758,233
79$5,129,658$1,828,413$1,274,088$2,874,282
80$5,560,933$1,826,055$1,224,820$2,999,866
81$6,033,302$1,820,685$1,171,005$3,136,006
82$6,550,864$1,812,064$1,112,399$3,283,834
83$7,118,136$1,799,939$1,048,748$3,444,606
84$7,740,091$1,784,041$979,787$3,619,713
85$8,422,206$1,764,085$905,235$3,810,695
86$9,170,515$1,739,769$824,805$4,019,259
87$9,991,662$1,710,773$738,190$4,247,296
88$10,892,968$1,676,757$645,076$4,496,899
89$11,882,495$1,637,362$545,130$4,770,385
90$12,969,125$1,592,208$438,007$5,070,317
91$14,162,641$1,540,892$323,346$5,399,534
92$15,473,822$1,482,987$200,770$5,761,176
93$16,914,541$1,418,042$69,884$6,158,715
94$18,497,878$1,345,581$0$6,595,995
95$20,238,245$1,265,097$0$7,093,646
96$22,151,517$1,176,058$0$7,658,555
97$24,255,185$1,077,898$0$8,279,598
98$26,568,520$970,022$0$8,962,628
99$29,112,754$851,797$0$9,714,103
100$31,911,278$722,558$0$10,541,156