Can I retire at age 64 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$129,649$128,494$127,368$126,268$125,194$123,476
2 years$64,183$62,987$61,829$60,706$59,616$57,888
3 years$42,363$41,163$40,007$38,895$37,823$36,139
4 years$31,456$30,259$29,115$28,021$26,976$25,349
5 years$24,913$23,724$22,595$21,523$20,506$18,941
6 years$20,553$19,372$18,260$17,212$16,226$14,724
7 years$17,439$16,269$15,174$14,151$13,196$11,758
8 years$15,105$13,945$12,869$11,871$10,947$9,573
9 years$13,291$12,142$11,084$10,111$9,219$7,908
10 years$11,840$10,702$9,663$8,716$7,855$6,607
11 years$10,654$9,528$8,507$7,586$6,756$5,568
12 years$9,667$8,552$7,550$6,654$5,854$4,726
13 years$8,831$7,728$6,745$5,874$5,105$4,035
14 years$8,116$7,025$6,061$5,214$4,475$3,462
15 years$7,497$6,417$5,472$4,650$3,940$2,982
16 years$6,956$5,888$4,961$4,164$3,482$2,577
17 years$6,479$5,422$4,515$3,741$3,088$2,233
18 years$6,055$5,010$4,121$3,372$2,746$1,940
19 years$5,676$4,644$3,773$3,047$2,447$1,689
20 years$5,336$4,315$3,462$2,759$2,186$1,473
21 years$5,028$4,019$3,185$2,504$1,956$1,286
22 years$4,749$3,752$2,935$2,277$1,753$1,125
23 years$4,495$3,509$2,710$2,074$1,574$985
24 years$4,262$3,288$2,506$1,891$1,415$863
25 years$4,048$3,085$2,321$1,727$1,273$757
26 years$3,850$2,900$2,153$1,579$1,147$665
27 years$3,668$2,729$1,999$1,446$1,034$584
28 years$3,499$2,572$1,859$1,324$933$513
29 years$3,342$2,426$1,730$1,215$842$451
30 years$3,196$2,291$1,611$1,115$761$397
31 years$3,059$2,166$1,502$1,024$688$350
32 years$2,931$2,049$1,401$941$622$308
33 years$2,812$1,941$1,308$865$563$271
34 years$2,699$1,839$1,223$796$510$239
35 years$2,593$1,745$1,143$733$462$210
36 years$2,494$1,656$1,069$675$419$185
37 years$2,399$1,573$1,001$622$379$163
38 years$2,310$1,495$937$573$344$144
39 years$2,226$1,421$878$528$312$127
40 years$2,146$1,352$823$487$283$112
41 years$2,071$1,287$772$450$257$99
42 years$1,999$1,226$724$415$233$87
43 years$1,930$1,168$679$383$211$77
44 years$1,865$1,113$638$354$192$68
45 years$1,803$1,062$599$327$174$60
46 years$1,744$1,013$562$302$158$53
47 years$1,688$967$528$279$144$47
48 years$1,634$923$496$258$130$41
49 years$1,582$881$467$238$118$36
50 years$1,533$842$439$220$108$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,570,000, adding $3,851 every year, while hoping to spend $32,945 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: 55/23/22 Blend
63$1,570,000$1,570,000$1,570,000$1,570,000
64$1,734,112$1,650,902$1,626,567$1,818,894
65$1,875,939$1,696,743$1,646,004$1,923,251
66$2,031,127$1,743,726$1,664,988$2,033,046
67$2,201,005$1,791,873$1,683,469$2,151,912
68$2,387,037$1,841,203$1,701,394$2,280,731
69$2,590,832$1,891,739$1,718,707$2,420,471
70$2,814,163$1,943,501$1,735,351$2,572,199
71$3,058,985$1,996,510$1,751,263$2,737,089
72$3,327,450$2,050,787$1,766,377$2,916,437
73$3,621,925$2,106,351$1,780,627$3,111,667
74$3,945,022$2,163,223$1,793,938$3,324,350
75$4,299,615$2,221,422$1,806,236$3,556,215
76$4,688,871$2,280,966$1,817,440$3,809,170
77$5,116,278$2,341,876$1,827,466$4,085,313
78$5,585,678$2,404,168$1,836,227$4,386,957
79$6,101,305$2,467,859$1,843,628$4,716,651
80$6,667,821$2,532,968$1,849,572$5,077,204
81$7,290,364$2,599,508$1,853,958$5,471,710
82$7,974,592$2,667,495$1,856,676$5,903,578
83$8,726,741$2,736,942$1,857,616$6,376,564
84$9,553,679$2,807,863$1,856,656$6,894,809
85$10,462,974$2,880,269$1,853,675$7,462,873
86$11,462,965$2,954,169$1,848,540$8,085,783
87$12,562,836$3,029,573$1,841,115$8,769,078
88$13,772,710$3,106,487$1,831,257$9,518,861
89$15,103,738$3,184,916$1,818,816$10,341,859
90$16,568,207$3,264,864$1,803,633$11,245,484
91$18,179,653$3,346,331$1,785,544$12,237,904
92$19,952,994$3,429,318$1,764,376$13,328,120
93$21,904,665$3,513,820$1,739,948$14,526,052
94$24,052,775$3,599,831$1,712,071$15,842,632
95$26,417,278$3,687,343$1,680,545$17,289,905
96$29,020,160$3,776,343$1,645,163$18,881,150
97$31,885,648$3,866,816$1,605,708$20,630,996
98$35,040,438$3,958,743$1,561,953$22,555,567
99$38,513,943$4,052,102$1,513,659$24,672,632
100$42,338,576$4,146,866$1,460,577$27,001,774