Can I retire at age 64 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$130,475$129,313$128,179$127,072$125,991$124,057
2 years$64,592$63,389$62,223$61,092$59,996$58,052
3 years$42,633$41,425$40,262$39,142$38,064$36,171
4 years$31,656$30,452$29,301$28,200$27,147$25,320
5 years$25,072$23,875$22,738$21,660$20,637$18,880
6 years$20,684$19,495$18,376$17,322$16,329$14,645
7 years$17,550$16,372$15,271$14,241$13,280$11,669
8 years$15,202$14,034$12,951$11,947$11,017$9,479
9 years$13,376$12,219$11,154$10,176$9,278$7,812
10 years$11,916$10,771$9,725$8,772$7,905$6,510
11 years$10,722$9,588$8,561$7,634$6,799$5,473
12 years$9,728$8,606$7,598$6,696$5,892$4,634
13 years$8,888$7,777$6,788$5,912$5,138$3,946
14 years$8,168$7,069$6,099$5,248$4,504$3,376
15 years$7,545$6,458$5,507$4,680$3,965$2,900
16 years$7,000$5,925$4,993$4,190$3,505$2,499
17 years$6,520$5,457$4,543$3,765$3,107$2,160
18 years$6,093$5,042$4,147$3,393$2,763$1,871
19 years$5,712$4,673$3,797$3,066$2,463$1,624
20 years$5,370$4,343$3,484$2,777$2,200$1,412
21 years$5,060$4,045$3,205$2,520$1,969$1,229
22 years$4,779$3,776$2,954$2,291$1,765$1,072
23 years$4,523$3,531$2,727$2,087$1,584$936
24 years$4,289$3,309$2,522$1,903$1,424$818
25 years$4,073$3,105$2,336$1,738$1,281$715
26 years$3,875$2,918$2,167$1,589$1,154$626
27 years$3,692$2,746$2,012$1,455$1,040$548
28 years$3,521$2,588$1,870$1,333$939$480
29 years$3,363$2,441$1,741$1,222$848$421
30 years$3,216$2,306$1,621$1,122$766$369
31 years$3,079$2,180$1,512$1,030$692$324
32 years$2,950$2,062$1,410$947$626$284
33 years$2,830$1,953$1,317$871$567$249
34 years$2,716$1,851$1,230$801$513$219
35 years$2,610$1,756$1,150$737$465$192
36 years$2,509$1,666$1,076$679$421$169
37 years$2,415$1,583$1,007$626$382$148
38 years$2,325$1,504$943$577$346$130
39 years$2,240$1,430$884$532$314$114
40 years$2,160$1,361$828$491$285$101
41 years$2,084$1,295$777$453$258$88
42 years$2,012$1,234$728$418$234$78
43 years$1,943$1,175$684$386$213$68
44 years$1,877$1,120$642$356$193$60
45 years$1,815$1,068$603$329$175$53
46 years$1,755$1,019$566$304$159$46
47 years$1,699$973$532$281$144$41
48 years$1,644$929$500$259$131$36
49 years$1,592$887$470$240$119$32
50 years$1,543$847$441$221$108$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,580,000, adding $2,048 every year, while hoping to spend $55,575 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: 38/35/27 Blend
63$1,580,000$1,580,000$1,580,000$1,580,000
64$1,743,273$1,659,533$1,635,043$1,795,423
65$1,861,955$1,681,718$1,630,685$1,856,030
66$1,990,880$1,703,128$1,624,319$1,916,225
67$2,131,035$1,723,666$1,615,818$1,980,209
68$2,283,503$1,743,229$1,605,051$2,048,363
69$2,449,479$1,761,706$1,591,879$2,121,108
70$2,630,276$1,778,979$1,576,157$2,198,910
71$2,827,339$1,794,924$1,557,733$2,282,287
72$3,042,259$1,809,407$1,536,448$2,371,810
73$3,276,786$1,822,285$1,512,136$2,468,115
74$3,532,848$1,833,406$1,484,623$2,571,905
75$3,812,566$1,842,611$1,453,725$2,683,957
76$4,118,275$1,849,726$1,419,252$2,805,134
77$4,452,547$1,854,570$1,381,005$2,936,389
78$4,818,212$1,856,949$1,338,774$3,078,780
79$5,218,387$1,856,658$1,292,340$3,233,474
80$5,656,505$1,853,476$1,241,476$3,401,765
81$6,136,345$1,847,172$1,185,941$3,585,085
82$6,662,069$1,837,501$1,125,487$3,785,015
83$7,238,261$1,824,199$1,059,852$4,003,308
84$7,869,969$1,806,991$988,763$4,241,898
85$8,562,754$1,785,582$911,935$4,502,928
86$9,322,740$1,759,660$829,069$4,788,764
87$10,156,671$1,728,895$739,855$5,102,023
88$11,071,979$1,692,938$643,967$5,445,598
89$12,076,846$1,651,418$541,066$5,822,685
90$13,180,290$1,603,942$430,796$6,236,817
91$14,392,239$1,550,096$312,788$6,691,896
92$15,723,636$1,489,439$186,655$7,192,236
93$17,186,533$1,421,506$51,994$7,742,600
94$18,794,205$1,345,807$0$8,348,250
95$20,561,282$1,261,819$0$9,041,420
96$22,503,878$1,168,993$0$9,819,810
97$24,639,747$1,066,747$0$10,675,643
98$26,988,449$954,466$0$11,616,886
99$29,571,536$831,500$0$12,652,323
100$32,412,750$697,161$0$13,791,643