Can I retire at age 64 with 2,250,000?

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$185,803$184,148$182,533$180,957$179,418$173,536
2 years$91,982$90,269$88,608$86,999$85,437$79,567
3 years$60,712$58,991$57,335$55,741$54,205$48,531
4 years$45,080$43,365$41,726$40,158$38,659$33,226
5 years$35,704$33,999$32,381$30,845$29,388$24,209
6 years$29,455$27,762$26,168$24,667$23,254$18,333
7 years$24,993$23,315$21,746$20,280$18,912$14,249
8 years$21,648$19,985$18,442$17,013$15,689$11,281
9 years$19,048$17,401$15,884$14,491$13,212$9,053
10 years$16,969$15,338$13,848$12,491$11,258$7,342
11 years$15,269$13,654$12,192$10,871$9,682$6,001
12 years$13,853$12,255$10,820$9,536$8,390$4,937
13 years$12,657$11,075$9,667$8,418$7,316$4,082
14 years$11,632$10,067$8,686$7,473$6,414$3,389
15 years$10,744$9,197$7,842$6,665$5,647$2,823
16 years$9,968$8,438$7,110$5,967$4,991$2,358
17 years$9,285$7,771$6,470$5,362$4,425$1,974
18 years$8,677$7,181$5,906$4,832$3,935$1,655
19 years$8,135$6,655$5,407$4,366$3,507$1,390
20 years$7,647$6,184$4,962$3,954$3,133$1,169
21 years$7,206$5,760$4,564$3,589$2,803$985
22 years$6,806$5,377$4,207$3,263$2,513$830
23 years$6,441$5,029$3,884$2,972$2,256$700
24 years$6,108$4,712$3,592$2,710$2,027$590
25 years$5,801$4,422$3,327$2,475$1,824$498
26 years$5,518$4,156$3,086$2,263$1,643$421
27 years$5,257$3,911$2,865$2,072$1,482$356
28 years$5,015$3,685$2,664$1,898$1,337$301
29 years$4,790$3,477$2,479$1,741$1,207$254
30 years$4,580$3,283$2,309$1,597$1,091$215
31 years$4,384$3,104$2,152$1,467$986$182
32 years$4,201$2,937$2,008$1,348$892$154
33 years$4,029$2,781$1,875$1,240$807$130
34 years$3,868$2,636$1,752$1,141$731$110
35 years$3,716$2,500$1,638$1,050$662$93
36 years$3,574$2,373$1,532$967$600$79
37 years$3,439$2,254$1,434$891$544$67
38 years$3,311$2,142$1,343$821$493$57
39 years$3,190$2,037$1,258$757$447$48
40 years$3,076$1,938$1,179$699$405$41
41 years$2,968$1,845$1,106$644$368$34
42 years$2,865$1,757$1,037$595$334$29
43 years$2,767$1,674$973$549$303$25
44 years$2,673$1,596$914$507$275$21
45 years$2,584$1,522$858$468$250$18
46 years$2,500$1,451$806$432$227$15
47 years$2,419$1,385$757$400$206$13
48 years$2,341$1,322$711$369$187$11
49 years$2,268$1,263$669$341$170$9
50 years$2,197$1,206$629$315$154$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,250,000, adding $3,348 every year, while hoping to spend $42,626 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: 43/47/10 Blend
63$2,250,000$2,250,000$2,250,000$2,250,000
64$2,482,953$2,363,703$2,328,828$2,582,391
65$2,690,861$2,434,171$2,361,490$2,722,456
66$2,918,546$2,506,663$2,393,818$2,869,530
67$3,167,982$2,581,234$2,425,755$3,027,897
68$3,441,340$2,657,938$2,457,242$3,198,609
69$3,741,013$2,736,833$2,488,215$3,382,821
70$4,069,635$2,817,976$2,518,609$3,581,802
71$4,430,108$2,901,428$2,548,353$3,796,951
72$4,825,628$2,987,247$2,577,372$4,029,804
73$5,259,717$3,075,497$2,605,589$4,282,052
74$5,736,252$3,166,240$2,632,919$4,555,555
75$6,259,504$3,259,540$2,659,277$4,852,360
76$6,834,180$3,355,464$2,684,570$5,174,720
77$7,465,464$3,454,079$2,708,700$5,525,116
78$8,159,066$3,555,454$2,731,566$5,906,275
79$8,921,277$3,659,657$2,753,060$6,321,204
80$9,759,028$3,766,762$2,773,068$6,773,209
81$10,679,955$3,876,839$2,791,472$7,265,933
82$11,692,470$3,989,964$2,808,146$7,803,385
83$12,805,841$4,106,211$2,822,958$8,389,981
84$14,030,280$4,225,658$2,835,769$9,030,584
85$15,377,035$4,348,382$2,846,435$9,730,547
86$16,858,503$4,474,463$2,854,801$10,495,769
87$18,488,341$4,603,982$2,860,707$11,332,743
88$20,281,595$4,737,021$2,863,984$12,248,624
89$22,254,846$4,873,663$2,864,456$13,251,291
90$24,426,362$5,013,994$2,861,936$14,349,423
91$26,816,269$5,158,098$2,856,230$15,552,581
92$29,446,748$5,306,064$2,847,133$16,871,296
93$32,342,235$5,457,980$2,834,430$18,317,169
94$35,529,657$5,613,935$2,817,897$19,902,982
95$39,038,684$5,774,020$2,797,299$21,642,814
96$42,902,009$5,938,326$2,772,388$23,552,177
97$47,155,657$6,106,947$2,742,906$25,648,162
98$51,839,323$6,279,977$2,708,582$27,949,595
99$56,996,747$6,457,509$2,669,133$30,477,223
100$62,676,128$6,639,639$2,624,261$33,253,901