Can I retire at age 64 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$131,301$130,131$128,990$127,876$126,789$121,758
2 years$65,000$63,790$62,617$61,479$60,376$55,370
3 years$42,903$41,687$40,517$39,390$38,305$33,481
4 years$31,857$30,645$29,486$28,378$27,319$22,715
5 years$25,231$24,026$22,882$21,797$20,768$16,394
6 years$20,815$19,619$18,492$17,432$16,433$12,293
7 years$17,662$16,476$15,367$14,331$13,364$9,456
8 years$15,298$14,123$13,033$12,022$11,087$7,407
9 years$13,460$12,296$11,225$10,240$9,337$5,879
10 years$11,991$10,839$9,786$8,827$7,955$4,714
11 years$10,790$9,649$8,616$7,682$6,842$3,808
12 years$9,790$8,661$7,646$6,738$5,929$3,096
13 years$8,944$7,827$6,831$5,949$5,170$2,528
14 years$8,220$7,114$6,138$5,281$4,532$2,073
15 years$7,593$6,499$5,542$4,710$3,991$1,704
16 years$7,044$5,963$5,024$4,217$3,527$1,405
17 years$6,561$5,491$4,572$3,789$3,127$1,161
18 years$6,132$5,074$4,174$3,415$2,781$960
19 years$5,749$4,703$3,821$3,085$2,478$796
20 years$5,404$4,370$3,507$2,794$2,214$660
21 years$5,092$4,071$3,225$2,536$1,981$548
22 years$4,810$3,800$2,973$2,306$1,776$455
23 years$4,552$3,554$2,745$2,100$1,594$379
24 years$4,316$3,330$2,538$1,915$1,433$315
25 years$4,099$3,125$2,351$1,749$1,289$262
26 years$3,900$2,937$2,180$1,599$1,161$218
27 years$3,715$2,764$2,025$1,464$1,047$182
28 years$3,544$2,604$1,882$1,341$945$151
29 years$3,385$2,457$1,752$1,230$853$126
30 years$3,237$2,320$1,632$1,129$771$105
31 years$3,098$2,193$1,521$1,037$697$88
32 years$2,969$2,075$1,419$953$630$73
33 years$2,847$1,965$1,325$876$570$61
34 years$2,734$1,863$1,238$806$517$51
35 years$2,626$1,767$1,158$742$468$42
36 years$2,525$1,677$1,083$683$424$35
37 years$2,430$1,593$1,014$630$384$29
38 years$2,340$1,514$949$580$348$25
39 years$2,255$1,439$889$535$316$20
40 years$2,174$1,369$833$494$286$17
41 years$2,097$1,304$782$455$260$14
42 years$2,024$1,241$733$420$236$12
43 years$1,955$1,183$688$388$214$10
44 years$1,889$1,128$646$358$194$8
45 years$1,826$1,075$606$331$176$7
46 years$1,766$1,026$569$306$160$6
47 years$1,709$979$535$282$145$5
48 years$1,655$934$503$261$132$4
49 years$1,602$892$473$241$120$3
50 years$1,552$852$444$223$109$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,590,000, adding $6,753 every year, while hoping to spend $32,202 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: 29/46/25 Blend
63$1,590,000$1,590,000$1,590,000$1,590,000
64$1,759,146$1,674,876$1,650,231$1,796,339
65$1,904,316$1,722,682$1,671,251$1,873,726
66$2,063,214$1,771,751$1,691,896$1,953,584
67$2,237,207$1,822,112$1,712,119$2,038,783
68$2,427,798$1,873,792$1,731,871$2,129,802
69$2,636,646$1,926,820$1,751,101$2,227,174
70$2,865,574$1,981,224$1,769,753$2,331,480
71$3,116,592$2,037,034$1,787,770$2,443,362
72$3,391,914$2,094,278$1,805,090$2,563,526
73$3,693,978$2,152,987$1,821,649$2,692,749
74$4,025,470$2,213,189$1,837,380$2,831,885
75$4,389,346$2,274,914$1,852,211$2,981,875
76$4,788,867$2,338,191$1,866,067$3,143,757
77$5,227,620$2,403,052$1,878,869$3,318,672
78$5,709,561$2,469,525$1,890,535$3,507,875
79$6,239,044$2,537,639$1,900,975$3,712,750
80$6,820,868$2,607,425$1,910,100$3,934,823
81$7,460,320$2,678,912$1,917,812$4,175,770
82$8,163,223$2,752,130$1,924,009$4,437,443
83$8,935,994$2,827,106$1,928,585$4,721,877
84$9,785,701$2,903,870$1,931,428$5,031,317
85$10,720,132$2,982,450$1,932,421$5,368,235
86$11,747,869$3,062,873$1,931,441$5,735,355
87$12,878,365$3,145,167$1,928,358$6,135,677
88$14,122,037$3,229,359$1,923,036$6,572,509
89$15,490,360$3,315,473$1,915,333$7,049,495
90$16,995,980$3,403,534$1,905,100$7,570,648
91$18,652,830$3,493,568$1,892,181$8,140,392
92$20,476,262$3,585,595$1,876,412$8,763,603
93$22,483,190$3,679,639$1,857,621$9,445,653
94$24,692,252$3,775,718$1,835,628$10,192,461
95$27,123,986$3,873,853$1,810,246$11,010,550
96$29,801,021$3,974,059$1,781,277$11,907,111
97$32,748,290$4,076,353$1,748,515$12,890,066
98$35,993,268$4,180,748$1,711,744$13,968,147
99$39,566,232$4,287,254$1,670,737$15,150,974
100$43,500,539$4,395,882$1,625,258$16,449,154