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

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$127,998$126,857$125,745$124,659$123,599$119,499
2 years$63,365$62,185$61,041$59,932$58,857$54,766
3 years$41,824$40,639$39,498$38,399$37,341$33,388
4 years$31,055$29,874$28,744$27,664$26,632$22,847
5 years$24,596$23,421$22,307$21,249$20,245$16,638
6 years$20,291$19,125$18,027$16,993$16,019$12,593
7 years$17,217$16,061$14,981$13,971$13,028$9,782
8 years$14,913$13,768$12,705$11,720$10,808$7,739
9 years$13,122$11,987$10,943$9,983$9,102$6,208
10 years$11,690$10,566$9,540$8,605$7,755$5,031
11 years$10,519$9,406$8,399$7,489$6,670$4,110
12 years$9,543$8,443$7,454$6,569$5,780$3,379
13 years$8,719$7,630$6,659$5,799$5,040$2,792
14 years$8,013$6,935$5,984$5,148$4,418$2,316
15 years$7,402$6,335$5,402$4,591$3,890$1,928
16 years$6,867$5,813$4,898$4,111$3,438$1,609
17 years$6,396$5,353$4,457$3,694$3,048$1,346
18 years$5,978$4,947$4,069$3,329$2,711$1,128
19 years$5,604$4,584$3,725$3,008$2,416$947
20 years$5,268$4,260$3,418$2,724$2,158$796
21 years$4,964$3,968$3,144$2,472$1,931$669
22 years$4,689$3,704$2,898$2,248$1,731$564
23 years$4,437$3,464$2,676$2,047$1,554$475
24 years$4,207$3,246$2,475$1,867$1,397$400
25 years$3,996$3,046$2,292$1,705$1,257$338
26 years$3,801$2,863$2,126$1,559$1,132$285
27 years$3,621$2,694$1,974$1,427$1,021$241
28 years$3,455$2,539$1,835$1,308$921$203
29 years$3,300$2,395$1,708$1,199$832$172
30 years$3,155$2,262$1,591$1,100$751$145
31 years$3,020$2,138$1,483$1,011$679$123
32 years$2,894$2,023$1,383$929$615$104
33 years$2,776$1,916$1,292$854$556$88
34 years$2,665$1,816$1,207$786$504$74
35 years$2,560$1,722$1,128$723$456$63
36 years$2,462$1,635$1,056$666$413$53
37 years$2,369$1,553$988$614$374$45
38 years$2,281$1,476$925$566$340$38
39 years$2,198$1,403$867$522$308$32
40 years$2,119$1,335$813$481$279$27
41 years$2,044$1,271$762$444$253$23
42 years$1,973$1,210$715$410$230$19
43 years$1,906$1,153$671$378$209$16
44 years$1,842$1,099$629$349$189$14
45 years$1,780$1,048$591$323$172$12
46 years$1,722$1,000$555$298$156$10
47 years$1,666$954$522$275$142$8
48 years$1,613$911$490$254$129$7
49 years$1,562$870$461$235$117$6
50 years$1,513$831$433$217$106$5

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 $4,321 every year, while hoping to spend $30,749 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: 45/27/28 Blend
63$1,550,000$1,550,000$1,550,000$1,550,000
64$1,712,557$1,630,407$1,606,382$1,775,587
65$1,854,521$1,677,580$1,627,479$1,868,000
66$2,009,935$1,726,035$1,648,252$1,964,875
67$2,180,138$1,775,800$1,668,659$2,069,352
68$2,366,605$1,826,907$1,688,652$2,182,157
69$2,570,961$1,879,388$1,708,184$2,304,090
70$2,794,995$1,933,273$1,727,203$2,436,034
71$3,040,676$1,988,596$1,745,657$2,578,959
72$3,310,176$2,045,387$1,763,487$2,733,934
73$3,605,884$2,103,681$1,780,634$2,902,136
74$3,930,433$2,163,511$1,797,034$3,084,862
75$4,286,725$2,224,910$1,812,622$3,283,541
76$4,677,952$2,287,913$1,827,326$3,499,746
77$5,107,635$2,352,552$1,841,074$3,735,212
78$5,579,651$2,418,864$1,853,787$3,991,847
79$6,098,270$2,486,883$1,865,383$4,271,757
80$6,668,197$2,556,644$1,875,777$4,577,259
81$7,294,616$2,628,182$1,884,878$4,910,907
82$7,983,236$2,701,533$1,892,591$5,275,517
83$8,740,350$2,776,732$1,898,817$5,674,190
84$9,572,888$2,853,814$1,903,450$6,110,342
85$10,488,488$2,932,816$1,906,380$6,587,739
86$11,495,562$3,013,772$1,907,493$7,110,529
87$12,603,382$3,096,719$1,906,666$7,683,286
88$13,822,159$3,181,692$1,903,772$8,311,047
89$15,163,150$3,268,724$1,898,678$8,999,364
90$16,638,751$3,357,852$1,891,244$9,754,356
91$18,262,627$3,449,110$1,881,324$10,582,766
92$20,049,829$3,542,530$1,868,762$11,492,022
93$22,016,945$3,638,148$1,853,400$12,490,314
94$24,182,251$3,735,995$1,835,066$13,586,665
95$26,565,885$3,836,103$1,813,585$14,791,020
96$29,190,036$3,938,503$1,788,771$16,114,338
97$32,079,156$4,043,225$1,760,431$17,568,696
98$35,260,185$4,150,299$1,728,361$19,167,405
99$38,762,811$4,259,751$1,692,348$20,925,133
100$42,619,747$4,371,608$1,652,171$22,858,045