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%18.5%
1 years$130,475$129,313$128,179$127,072$125,991$121,666
2 years$64,592$63,389$62,223$61,092$59,996$55,683
3 years$42,633$41,425$40,262$39,142$38,064$33,898
4 years$31,656$30,452$29,301$28,200$27,147$23,160
5 years$25,072$23,875$22,738$21,660$20,637$16,839
6 years$20,684$19,495$18,376$17,322$16,329$12,724
7 years$17,550$16,372$15,271$14,241$13,280$9,867
8 years$15,202$14,034$12,951$11,947$11,017$7,793
9 years$13,376$12,219$11,154$10,176$9,278$6,239
10 years$11,916$10,771$9,725$8,772$7,905$5,047
11 years$10,722$9,588$8,561$7,634$6,799$4,115
12 years$9,728$8,606$7,598$6,696$5,892$3,376
13 years$8,888$7,777$6,788$5,912$5,138$2,784
14 years$8,168$7,069$6,099$5,248$4,504$2,305
15 years$7,545$6,458$5,507$4,680$3,965$1,914
16 years$7,000$5,925$4,993$4,190$3,505$1,594
17 years$6,520$5,457$4,543$3,765$3,107$1,331
18 years$6,093$5,042$4,147$3,393$2,763$1,113
19 years$5,712$4,673$3,797$3,066$2,463$932
20 years$5,370$4,343$3,484$2,777$2,200$781
21 years$5,060$4,045$3,205$2,520$1,969$656
22 years$4,779$3,776$2,954$2,291$1,765$551
23 years$4,523$3,531$2,727$2,087$1,584$463
24 years$4,289$3,309$2,522$1,903$1,424$390
25 years$4,073$3,105$2,336$1,738$1,281$328
26 years$3,875$2,918$2,167$1,589$1,154$276
27 years$3,692$2,746$2,012$1,455$1,040$232
28 years$3,521$2,588$1,870$1,333$939$196
29 years$3,363$2,441$1,741$1,222$848$165
30 years$3,216$2,306$1,621$1,122$766$139
31 years$3,079$2,180$1,512$1,030$692$117
32 years$2,950$2,062$1,410$947$626$99
33 years$2,830$1,953$1,317$871$567$83
34 years$2,716$1,851$1,230$801$513$70
35 years$2,610$1,756$1,150$737$465$59
36 years$2,509$1,666$1,076$679$421$50
37 years$2,415$1,583$1,007$626$382$42
38 years$2,325$1,504$943$577$346$36
39 years$2,240$1,430$884$532$314$30
40 years$2,160$1,361$828$491$285$25
41 years$2,084$1,295$777$453$258$21
42 years$2,012$1,234$728$418$234$18
43 years$1,943$1,175$684$386$213$15
44 years$1,877$1,120$642$356$193$13
45 years$1,815$1,068$603$329$175$11
46 years$1,755$1,019$566$304$159$9
47 years$1,699$973$532$281$144$8
48 years$1,644$929$500$259$131$7
49 years$1,592$887$470$240$119$5
50 years$1,543$847$441$221$108$5

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 $2,206 every year, while hoping to spend $31,374 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: 71/11/18 Blend
63$1,580,000$1,580,000$1,580,000$1,580,000
64$1,743,435$1,659,695$1,635,205$1,859,618
65$1,887,884$1,707,639$1,656,603$1,985,139
66$2,046,015$1,756,880$1,677,666$2,118,553
67$2,219,191$1,807,449$1,698,350$2,263,823
68$2,408,912$1,859,378$1,718,608$2,422,119
69$2,616,830$1,912,696$1,738,391$2,594,727
70$2,844,765$1,967,437$1,757,646$2,783,067
71$3,094,722$2,023,633$1,776,318$2,988,699
72$3,368,909$2,081,315$1,794,349$3,213,344
73$3,669,755$2,140,517$1,811,677$3,458,897
74$3,999,940$2,201,273$1,828,239$3,727,445
75$4,362,414$2,263,616$1,843,965$4,021,288
76$4,760,427$2,327,579$1,858,784$4,342,959
77$5,197,558$2,393,198$1,872,621$4,695,248
78$5,677,750$2,460,506$1,885,395$5,081,232
79$6,205,349$2,529,539$1,897,024$5,504,296
80$6,785,139$2,600,331$1,907,419$5,968,174
81$7,422,394$2,672,917$1,916,488$6,476,978
82$8,122,921$2,747,333$1,924,133$7,035,239
83$8,893,120$2,823,614$1,930,253$7,647,948
84$9,740,042$2,901,795$1,934,740$8,320,607
85$10,671,455$2,981,912$1,937,483$9,059,277
86$11,695,917$3,063,998$1,938,361$9,870,635
87$12,822,857$3,148,091$1,937,253$10,762,042
88$14,062,664$3,234,223$1,934,027$11,741,605
89$15,426,786$3,322,430$1,928,547$12,818,260
90$16,927,834$3,412,745$1,920,669$14,001,852
91$18,579,707$3,505,203$1,910,245$15,303,231
92$20,397,715$3,599,836$1,897,117$16,734,352
93$22,398,730$3,696,677$1,881,119$18,308,388
94$24,601,344$3,795,757$1,862,079$20,039,858
95$27,026,039$3,897,107$1,839,817$21,944,758
96$29,695,387$4,000,757$1,814,143$24,040,717
97$32,634,258$4,106,736$1,784,858$26,347,160
98$35,870,057$4,215,071$1,751,756$28,885,495
99$39,432,982$4,325,788$1,714,618$31,679,310
100$43,356,306$4,438,912$1,673,218$34,754,603