Can I retire at age 64 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$129,649$128,494$127,368$126,268$125,194$121,186
2 years$64,183$62,987$61,829$60,706$59,616$55,616
3 years$42,363$41,163$40,007$38,895$37,823$33,955
4 years$31,456$30,259$29,115$28,021$26,976$23,270
5 years$24,913$23,724$22,595$21,523$20,506$16,973
6 years$20,553$19,372$18,260$17,212$16,226$12,867
7 years$17,439$16,269$15,174$14,151$13,196$10,012
8 years$15,105$13,945$12,869$11,871$10,947$7,936
9 years$13,291$12,142$11,084$10,111$9,219$6,377
10 years$11,840$10,702$9,663$8,716$7,855$5,178
11 years$10,654$9,528$8,507$7,586$6,756$4,238
12 years$9,667$8,552$7,550$6,654$5,854$3,491
13 years$8,831$7,728$6,745$5,874$5,105$2,890
14 years$8,116$7,025$6,061$5,214$4,475$2,403
15 years$7,497$6,417$5,472$4,650$3,940$2,004
16 years$6,956$5,888$4,961$4,164$3,482$1,677
17 years$6,479$5,422$4,515$3,741$3,088$1,406
18 years$6,055$5,010$4,121$3,372$2,746$1,181
19 years$5,676$4,644$3,773$3,047$2,447$993
20 years$5,336$4,315$3,462$2,759$2,186$836
21 years$5,028$4,019$3,185$2,504$1,956$705
22 years$4,749$3,752$2,935$2,277$1,753$595
23 years$4,495$3,509$2,710$2,074$1,574$503
24 years$4,262$3,288$2,506$1,891$1,415$425
25 years$4,048$3,085$2,321$1,727$1,273$359
26 years$3,850$2,900$2,153$1,579$1,147$304
27 years$3,668$2,729$1,999$1,446$1,034$257
28 years$3,499$2,572$1,859$1,324$933$218
29 years$3,342$2,426$1,730$1,215$842$185
30 years$3,196$2,291$1,611$1,115$761$156
31 years$3,059$2,166$1,502$1,024$688$132
32 years$2,931$2,049$1,401$941$622$112
33 years$2,812$1,941$1,308$865$563$95
34 years$2,699$1,839$1,223$796$510$81
35 years$2,593$1,745$1,143$733$462$68
36 years$2,494$1,656$1,069$675$419$58
37 years$2,399$1,573$1,001$622$379$49
38 years$2,310$1,495$937$573$344$42
39 years$2,226$1,421$878$528$312$35
40 years$2,146$1,352$823$487$283$30
41 years$2,071$1,287$772$450$257$25
42 years$1,999$1,226$724$415$233$22
43 years$1,930$1,168$679$383$211$18
44 years$1,865$1,113$638$354$192$15
45 years$1,803$1,062$599$327$174$13
46 years$1,744$1,013$562$302$158$11
47 years$1,688$967$528$279$144$9
48 years$1,634$923$496$258$130$8
49 years$1,582$881$467$238$118$7
50 years$1,533$842$439$220$108$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,570,000, adding $2,496 every year, while hoping to spend $34,680 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: 25/45/30 Blend
63$1,570,000$1,570,000$1,570,000$1,570,000
64$1,732,715$1,649,505$1,625,170$1,759,747
65$1,872,552$1,693,431$1,642,714$1,826,721
66$2,025,491$1,738,348$1,659,683$1,895,387
67$2,192,831$1,784,266$1,676,022$1,968,300
68$2,376,002$1,831,198$1,691,671$2,045,841
69$2,576,581$1,879,154$1,706,569$2,128,431
70$2,796,304$1,928,144$1,720,651$2,216,532
71$3,037,081$1,978,177$1,733,846$2,310,653
72$3,301,017$2,029,261$1,746,084$2,411,357
73$3,590,431$2,081,405$1,757,288$2,519,262
74$3,907,875$2,134,614$1,767,377$2,635,049
75$4,256,161$2,188,893$1,776,268$2,759,470
76$4,638,389$2,244,248$1,783,871$2,893,352
77$5,057,968$2,300,680$1,790,095$3,037,609
78$5,518,658$2,358,190$1,794,840$3,193,245
79$6,024,599$2,416,779$1,798,005$3,361,370
80$6,580,351$2,476,445$1,799,482$3,543,206
81$7,190,940$2,537,183$1,799,157$3,740,101
82$7,861,899$2,598,989$1,796,912$3,953,540
83$8,599,327$2,661,854$1,792,623$4,185,160
84$9,409,942$2,725,767$1,786,159$4,436,767
85$10,301,143$2,790,718$1,777,383$4,710,353
86$11,281,086$2,856,689$1,766,152$5,008,111
87$12,358,754$2,923,664$1,752,315$5,332,463
88$13,544,044$2,991,621$1,735,715$5,686,075
89$14,847,862$3,060,536$1,716,187$6,071,890
90$16,282,223$3,130,381$1,693,558$6,493,151
91$17,860,365$3,201,124$1,667,647$6,953,435
92$19,596,873$3,272,731$1,638,264$7,456,685
93$21,507,820$3,345,161$1,605,212$8,007,249
94$23,610,914$3,418,370$1,568,283$8,609,919
95$25,925,667$3,492,309$1,527,260$9,269,982
96$28,473,577$3,566,924$1,481,915$9,993,263
97$31,278,333$3,642,155$1,432,011$10,786,189
98$34,366,039$3,717,937$1,377,299$11,655,842
99$37,765,457$3,794,197$1,317,520$12,610,032
100$41,508,279$3,870,858$1,252,402$13,657,370