Can I retire at age 64 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$128,823$127,676$126,556$125,464$124,397$121,587
2 years$63,774$62,586$61,435$60,319$59,236$56,421
3 years$42,094$40,901$39,753$38,647$37,582$34,848
4 years$31,256$30,066$28,930$27,843$26,804$24,173
5 years$24,754$23,572$22,451$21,386$20,376$17,856
6 years$20,422$19,249$18,143$17,103$16,123$13,716
7 years$17,328$16,165$15,077$14,061$13,112$10,818
8 years$15,009$13,856$12,787$11,795$10,878$8,697
9 years$13,206$12,064$11,013$10,047$9,161$7,090
10 years$11,765$10,634$9,602$8,661$7,805$5,844
11 years$10,586$9,467$8,453$7,537$6,713$4,857
12 years$9,605$8,497$7,502$6,611$5,817$4,065
13 years$8,775$7,679$6,702$5,837$5,073$3,420
14 years$8,065$6,980$6,022$5,181$4,447$2,891
15 years$7,449$6,376$5,437$4,621$3,915$2,453
16 years$6,911$5,850$4,930$4,137$3,460$2,087
17 years$6,437$5,388$4,486$3,717$3,068$1,780
18 years$6,016$4,979$4,095$3,350$2,728$1,522
19 years$5,640$4,614$3,749$3,027$2,432$1,304
20 years$5,302$4,288$3,440$2,742$2,172$1,118
21 years$4,996$3,994$3,164$2,488$1,944$961
22 years$4,719$3,728$2,917$2,262$1,742$826
23 years$4,466$3,487$2,693$2,060$1,564$711
24 years$4,235$3,267$2,491$1,879$1,406$613
25 years$4,022$3,066$2,307$1,716$1,265$528
26 years$3,826$2,881$2,139$1,569$1,139$455
27 years$3,645$2,712$1,987$1,436$1,027$393
28 years$3,477$2,555$1,847$1,316$927$339
29 years$3,321$2,411$1,719$1,207$837$293
30 years$3,175$2,276$1,601$1,108$756$253
31 years$3,040$2,152$1,492$1,017$684$219
32 years$2,913$2,036$1,392$935$618$189
33 years$2,794$1,928$1,300$860$560$164
34 years$2,682$1,828$1,215$791$507$141
35 years$2,577$1,733$1,136$728$459$122
36 years$2,478$1,645$1,062$671$416$106
37 years$2,384$1,563$994$618$377$92
38 years$2,296$1,485$931$569$342$79
39 years$2,212$1,412$872$525$310$69
40 years$2,133$1,344$818$484$281$59
41 years$2,058$1,279$767$447$255$51
42 years$1,986$1,218$719$412$231$44
43 years$1,918$1,161$675$381$210$38
44 years$1,854$1,106$634$351$191$33
45 years$1,792$1,055$595$325$173$29
46 years$1,733$1,006$559$300$157$25
47 years$1,677$960$525$277$143$22
48 years$1,623$917$493$256$130$19
49 years$1,572$875$464$237$118$16
50 years$1,523$836$436$219$107$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,560,000, adding $6,485 every year, while hoping to spend $38,769 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: 80/5/15 Blend
63$1,560,000$1,560,000$1,560,000$1,560,000
64$1,725,809$1,643,129$1,618,949$1,858,037
65$1,860,592$1,682,393$1,631,934$1,985,204
66$2,007,823$1,722,281$1,644,055$2,119,090
67$2,168,731$1,762,783$1,655,241$2,264,925
68$2,344,670$1,803,887$1,665,419$2,423,889
69$2,537,128$1,845,579$1,674,513$2,597,284
70$2,747,746$1,887,844$1,682,440$2,786,541
71$2,978,329$1,930,661$1,689,115$2,993,239
72$3,230,867$1,974,012$1,694,449$3,219,117
73$3,507,550$2,017,873$1,698,347$3,466,089
74$3,810,789$2,062,217$1,700,710$3,736,264
75$4,143,240$2,107,017$1,701,435$4,031,969
76$4,507,829$2,152,240$1,700,412$4,355,762
77$4,907,779$2,197,851$1,697,527$4,710,466
78$5,346,639$2,243,812$1,692,660$5,099,189
79$5,828,318$2,290,080$1,685,686$5,525,355
80$6,357,122$2,336,610$1,676,472$5,992,740
81$6,937,795$2,383,350$1,664,881$6,505,500
82$7,575,563$2,430,247$1,650,767$7,068,218
83$8,276,181$2,477,240$1,633,978$7,685,941
84$9,045,992$2,524,265$1,614,357$8,364,233
85$9,891,981$2,571,251$1,591,735$9,109,223
86$10,821,844$2,618,124$1,565,940$9,927,666
87$11,844,062$2,664,802$1,536,789$10,827,004
88$12,967,975$2,711,196$1,504,090$11,815,439
89$14,203,876$2,757,212$1,467,644$12,902,009
90$15,563,103$2,802,747$1,427,242$14,096,672
91$17,058,150$2,847,692$1,382,665$15,410,403
92$18,702,781$2,891,929$1,333,684$16,855,297
93$20,512,163$2,935,332$1,280,061$18,444,678
94$22,503,005$2,977,764$1,221,545$20,193,235
95$24,693,719$3,019,083$1,157,874$22,117,150
96$27,104,591$3,059,131$1,088,776$24,234,257
97$29,757,974$3,097,742$1,013,964$26,564,209
98$32,678,497$3,134,741$933,141$29,128,665
99$35,893,296$3,169,936$845,994$31,951,491
100$39,432,276$3,203,126$752,198$35,058,987