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%16.7%
1 years$131,301$130,131$128,990$127,876$126,789$123,324
2 years$65,000$63,790$62,617$61,479$60,376$56,910
3 years$42,903$41,687$40,517$39,390$38,305$34,947
4 years$31,857$30,645$29,486$28,378$27,319$24,095
5 years$25,231$24,026$22,882$21,797$20,768$17,686
6 years$20,815$19,619$18,492$17,432$16,433$13,497
7 years$17,662$16,476$15,367$14,331$13,364$10,574
8 years$15,298$14,123$13,033$12,022$11,087$8,440
9 years$13,460$12,296$11,225$10,240$9,337$6,832
10 years$11,991$10,839$9,786$8,827$7,955$5,589
11 years$10,790$9,649$8,616$7,682$6,842$4,610
12 years$9,790$8,661$7,646$6,738$5,929$3,828
13 years$8,944$7,827$6,831$5,949$5,170$3,195
14 years$8,220$7,114$6,138$5,281$4,532$2,678
15 years$7,593$6,499$5,542$4,710$3,991$2,253
16 years$7,044$5,963$5,024$4,217$3,527$1,901
17 years$6,561$5,491$4,572$3,789$3,127$1,608
18 years$6,132$5,074$4,174$3,415$2,781$1,362
19 years$5,749$4,703$3,821$3,085$2,478$1,156
20 years$5,404$4,370$3,507$2,794$2,214$983
21 years$5,092$4,071$3,225$2,536$1,981$837
22 years$4,810$3,800$2,973$2,306$1,776$713
23 years$4,552$3,554$2,745$2,100$1,594$608
24 years$4,316$3,330$2,538$1,915$1,433$519
25 years$4,099$3,125$2,351$1,749$1,289$443
26 years$3,900$2,937$2,180$1,599$1,161$378
27 years$3,715$2,764$2,025$1,464$1,047$323
28 years$3,544$2,604$1,882$1,341$945$276
29 years$3,385$2,457$1,752$1,230$853$236
30 years$3,237$2,320$1,632$1,129$771$202
31 years$3,098$2,193$1,521$1,037$697$173
32 years$2,969$2,075$1,419$953$630$148
33 years$2,847$1,965$1,325$876$570$127
34 years$2,734$1,863$1,238$806$517$109
35 years$2,626$1,767$1,158$742$468$93
36 years$2,525$1,677$1,083$683$424$80
37 years$2,430$1,593$1,014$630$384$68
38 years$2,340$1,514$949$580$348$58
39 years$2,255$1,439$889$535$316$50
40 years$2,174$1,369$833$494$286$43
41 years$2,097$1,304$782$455$260$37
42 years$2,024$1,241$733$420$236$31
43 years$1,955$1,183$688$388$214$27
44 years$1,889$1,128$646$358$194$23
45 years$1,826$1,075$606$331$176$20
46 years$1,766$1,026$569$306$160$17
47 years$1,709$979$535$282$145$15
48 years$1,655$934$503$261$132$12
49 years$1,602$892$473$241$120$11
50 years$1,552$852$444$223$109$9

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 $3,708 every year, while hoping to spend $57,433 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: 71/17/12 Blend
63$1,590,000$1,590,000$1,590,000$1,590,000
64$1,756,005$1,671,735$1,647,090$1,876,002
65$1,874,009$1,692,542$1,641,159$1,976,810
66$2,002,125$1,712,443$1,633,105$2,079,763
67$2,141,323$1,731,334$1,622,795$2,190,933
68$2,292,671$1,749,102$1,610,092$2,311,118
69$2,457,344$1,765,629$1,594,850$2,441,197
70$2,636,634$1,780,786$1,576,919$2,582,142
71$2,831,965$1,794,438$1,556,140$2,735,020
72$3,044,900$1,806,441$1,532,346$2,901,011
73$3,277,163$1,816,640$1,505,363$3,081,414
74$3,530,651$1,824,872$1,475,009$3,277,660
75$3,807,449$1,830,962$1,441,093$3,491,328
76$4,109,855$1,834,726$1,403,417$3,724,158
77$4,440,400$1,835,967$1,361,770$3,978,068
78$4,801,867$1,834,476$1,315,936$4,255,174
79$5,197,323$1,830,031$1,265,686$4,557,806
80$5,630,145$1,822,397$1,210,781$4,888,536
81$6,104,049$1,811,324$1,150,971$5,250,195
82$6,623,129$1,796,546$1,085,996$5,645,908
83$7,191,894$1,777,783$1,015,583$6,079,120
84$7,815,310$1,754,736$939,447$6,553,625
85$8,498,844$1,727,091$857,291$7,073,611
86$9,248,519$1,694,511$768,803$7,643,691
87$10,070,968$1,656,643$673,659$8,268,952
88$10,973,500$1,613,111$571,519$8,955,003
89$11,964,161$1,563,518$462,029$9,708,026
90$13,051,818$1,507,443$344,819$10,534,838
91$14,246,236$1,444,440$219,504$11,442,952
92$15,558,173$1,374,039$85,678$12,440,652
93$16,999,481$1,295,741$0$13,537,069
94$18,583,215$1,209,019$0$14,749,587
95$20,323,758$1,113,316$0$16,094,171
96$22,236,956$1,008,043$0$17,572,130
97$24,340,265$892,577$0$19,197,013
98$26,652,919$766,260$0$20,983,749
99$29,196,107$628,397$0$22,948,795
100$31,993,175$478,253$0$25,110,285