Can I retire at age 64 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$123,869$122,765$121,689$120,638$119,612$115,048
2 years$61,321$60,179$59,072$57,999$56,958$52,414
3 years$40,475$39,328$38,224$37,161$36,137$31,755
4 years$30,053$28,910$27,817$26,772$25,773$21,587
5 years$23,802$22,666$21,587$20,564$19,592$15,613
6 years$19,636$18,508$17,446$16,445$15,503$11,733
7 years$16,662$15,543$14,497$13,520$12,608$9,046
8 years$14,432$13,323$12,295$11,342$10,459$7,103
9 years$12,698$11,600$10,590$9,661$8,808$5,652
10 years$11,312$10,225$9,232$8,328$7,505$4,543
11 years$10,179$9,103$8,128$7,247$6,455$3,680
12 years$9,236$8,170$7,213$6,357$5,593$2,999
13 years$8,438$7,384$6,445$5,612$4,878$2,456
14 years$7,754$6,711$5,791$4,982$4,276$2,019
15 years$7,163$6,131$5,228$4,443$3,765$1,665
16 years$6,646$5,625$4,740$3,978$3,327$1,377
17 years$6,190$5,181$4,313$3,574$2,950$1,141
18 years$5,785$4,787$3,937$3,221$2,623$947
19 years$5,423$4,437$3,605$2,911$2,338$787
20 years$5,098$4,123$3,308$2,636$2,088$655
21 years$4,804$3,840$3,043$2,393$1,869$545
22 years$4,537$3,585$2,804$2,175$1,675$454
23 years$4,294$3,353$2,589$1,981$1,504$379
24 years$4,072$3,141$2,395$1,807$1,352$316
25 years$3,867$2,948$2,218$1,650$1,216$264
26 years$3,679$2,770$2,057$1,509$1,096$221
27 years$3,505$2,607$1,910$1,381$988$184
28 years$3,343$2,457$1,776$1,265$891$154
29 years$3,193$2,318$1,652$1,160$805$129
30 years$3,053$2,189$1,539$1,065$727$108
31 years$2,923$2,069$1,435$978$657$90
32 years$2,801$1,958$1,339$899$595$75
33 years$2,686$1,854$1,250$827$538$63
34 years$2,579$1,757$1,168$761$487$53
35 years$2,478$1,667$1,092$700$441$44
36 years$2,382$1,582$1,022$645$400$37
37 years$2,292$1,503$956$594$362$31
38 years$2,207$1,428$895$548$329$26
39 years$2,127$1,358$839$505$298$22
40 years$2,051$1,292$786$466$270$18
41 years$1,978$1,230$737$430$245$15
42 years$1,910$1,171$692$397$222$13
43 years$1,844$1,116$649$366$202$11
44 years$1,782$1,064$609$338$183$9
45 years$1,723$1,014$572$312$166$7
46 years$1,666$968$537$288$151$6
47 years$1,613$923$505$266$137$5
48 years$1,561$882$474$246$125$4
49 years$1,512$842$446$227$113$4
50 years$1,465$804$419$210$103$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,500,000, adding $6,349 every year, while hoping to spend $34,714 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: 69/9/22 Blend
63$1,500,000$1,500,000$1,500,000$1,500,000
64$1,659,549$1,580,049$1,556,799$1,764,492
65$1,791,888$1,620,536$1,572,016$1,875,974
66$1,936,561$1,661,843$1,586,580$1,993,288
67$2,094,791$1,703,975$1,600,431$2,120,829
68$2,267,923$1,746,932$1,613,509$2,259,605
69$2,457,438$1,790,718$1,625,748$2,410,730
70$2,664,965$1,835,333$1,637,079$2,575,426
71$2,892,302$1,880,774$1,647,432$2,755,044
72$3,141,426$1,927,041$1,656,730$2,951,070
73$3,414,515$1,974,130$1,664,894$3,165,142
74$3,713,968$2,022,034$1,671,840$3,399,065
75$4,042,426$2,070,748$1,677,481$3,654,826
76$4,402,802$2,120,263$1,681,724$3,934,618
77$4,798,299$2,170,567$1,684,473$4,240,855
78$5,232,448$2,221,648$1,685,626$4,576,197
79$5,709,140$2,273,490$1,685,076$4,943,576
80$6,232,658$2,326,077$1,682,712$5,346,224
81$6,807,722$2,379,388$1,678,416$5,787,700
82$7,439,532$2,433,400$1,672,066$6,271,928
83$8,133,816$2,488,088$1,663,531$6,803,232
84$8,896,883$2,543,422$1,652,677$7,386,376
85$9,735,685$2,599,370$1,639,362$8,026,611
86$10,657,882$2,655,896$1,623,438$8,729,725
87$11,671,911$2,712,961$1,604,748$9,502,094
88$12,787,070$2,770,519$1,583,131$10,350,746
89$14,013,600$2,828,524$1,558,415$11,283,427
90$15,362,787$2,886,922$1,530,422$12,308,672
91$16,847,066$2,945,655$1,498,965$13,435,887
92$18,480,134$3,004,660$1,463,848$14,675,440
93$20,277,088$3,063,868$1,424,867$16,038,756
94$22,254,558$3,123,205$1,381,807$17,538,424
95$24,430,870$3,182,589$1,334,445$19,188,321
96$26,826,216$3,241,933$1,282,546$21,003,739
97$29,462,845$3,301,142$1,225,866$23,001,531
98$32,365,270$3,360,114$1,164,148$25,200,270
99$35,560,506$3,418,737$1,097,125$27,620,424
100$39,078,315$3,476,893$1,024,516$30,284,552