Can I retire at age 64 with 1,530,000?

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 $1,530,000?

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$126,346$125,221$124,123$123,051$122,004$117,164
2 years$62,548$61,383$60,254$59,159$58,097$53,280
3 years$41,284$40,114$38,988$37,904$36,859$32,218
4 years$30,655$29,488$28,373$27,308$26,288$21,858
5 years$24,278$23,119$22,019$20,975$19,984$15,775
6 years$20,029$18,878$17,795$16,774$15,813$11,829
7 years$16,995$15,854$14,787$13,791$12,860$9,099
8 years$14,721$13,590$12,541$11,569$10,669$7,127
9 years$12,952$11,832$10,801$9,854$8,984$5,657
10 years$11,539$10,430$9,417$8,494$7,655$4,536
11 years$10,383$9,285$8,291$7,392$6,584$3,665
12 years$9,420$8,334$7,358$6,484$5,705$2,979
13 years$8,606$7,531$6,574$5,725$4,975$2,433
14 years$7,910$6,846$5,906$5,082$4,361$1,994
15 years$7,306$6,254$5,333$4,532$3,840$1,640
16 years$6,778$5,738$4,835$4,058$3,394$1,352
17 years$6,313$5,284$4,399$3,646$3,009$1,117
18 years$5,901$4,883$4,016$3,286$2,676$924
19 years$5,532$4,525$3,677$2,969$2,385$766
20 years$5,200$4,205$3,374$2,689$2,130$635
21 years$4,900$3,917$3,104$2,440$1,906$527
22 years$4,628$3,656$2,860$2,219$1,709$438
23 years$4,380$3,420$2,641$2,021$1,534$364
24 years$4,153$3,204$2,443$1,843$1,379$303
25 years$3,945$3,007$2,262$1,683$1,241$252
26 years$3,752$2,826$2,098$1,539$1,117$210
27 years$3,575$2,660$1,948$1,409$1,007$175
28 years$3,410$2,506$1,811$1,291$909$146
29 years$3,257$2,364$1,686$1,184$821$121
30 years$3,114$2,233$1,570$1,086$742$101
31 years$2,981$2,111$1,464$998$671$84
32 years$2,857$1,997$1,366$917$607$70
33 years$2,740$1,891$1,275$843$549$59
34 years$2,630$1,793$1,191$776$497$49
35 years$2,527$1,700$1,114$714$450$41
36 years$2,430$1,614$1,042$658$408$34
37 years$2,338$1,533$975$606$370$28
38 years$2,252$1,457$913$559$335$24
39 years$2,170$1,385$856$515$304$20
40 years$2,092$1,318$802$475$276$16
41 years$2,018$1,254$752$438$250$14
42 years$1,948$1,195$705$404$227$11
43 years$1,881$1,138$662$373$206$10
44 years$1,818$1,085$621$345$187$8
45 years$1,757$1,035$583$318$170$7
46 years$1,700$987$548$294$154$6
47 years$1,645$942$515$272$140$5
48 years$1,592$899$484$251$127$4
49 years$1,542$859$455$232$115$3
50 years$1,494$820$428$214$105$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,530,000, adding $6,973 every year, while hoping to spend $27,222 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: 59/14/27 Blend
63$1,530,000$1,530,000$1,530,000$1,530,000
64$1,693,253$1,612,163$1,588,448$1,780,382
65$1,837,000$1,662,195$1,612,697$1,890,709
66$1,994,498$1,713,766$1,636,846$2,007,493
67$2,167,119$1,766,923$1,660,862$2,134,308
68$2,356,377$1,821,714$1,684,713$2,272,136
69$2,563,938$1,878,188$1,708,362$2,422,057
70$2,791,638$1,936,397$1,731,769$2,585,261
71$3,041,497$1,996,393$1,754,896$2,763,060
72$3,315,743$2,058,229$1,777,698$2,956,897
73$3,616,828$2,121,962$1,800,130$3,168,362
74$3,947,455$2,187,649$1,822,145$3,399,208
75$4,310,600$2,255,347$1,843,691$3,651,364
76$4,709,541$2,325,120$1,864,715$3,926,955
77$5,147,891$2,397,027$1,885,160$4,228,325
78$5,629,629$2,471,135$1,904,965$4,558,052
79$6,159,138$2,547,508$1,924,069$4,918,980
80$6,741,250$2,626,215$1,942,405$5,314,239
81$7,381,284$2,707,326$1,959,902$5,747,281
82$8,085,102$2,790,913$1,976,486$6,221,908
83$8,859,165$2,877,049$1,992,081$6,742,307
84$9,710,587$2,965,812$2,006,603$7,313,094
85$10,647,210$3,057,280$2,019,967$7,939,355
86$11,677,672$3,151,533$2,032,082$8,626,692
87$12,811,491$3,248,655$2,042,854$9,381,280
88$14,059,154$3,348,730$2,052,181$10,209,923
89$15,432,217$3,451,847$2,059,958$11,120,117
90$16,943,412$3,558,097$2,066,076$12,120,123
91$18,606,768$3,667,571$2,070,417$13,219,043
92$20,437,743$3,780,367$2,072,860$14,426,909
93$22,453,369$3,896,581$2,073,278$15,754,773
94$24,672,415$4,016,316$2,071,535$17,214,815
95$27,115,561$4,139,675$2,067,491$18,820,459
96$29,805,594$4,266,765$2,060,998$20,586,493
97$32,767,625$4,397,697$2,051,901$22,529,218
98$36,029,321$4,532,582$2,040,038$24,666,594
99$39,621,171$4,671,538$2,025,239$27,018,414
100$43,576,771$4,814,684$2,007,325$29,606,489