Can I retire at age 64 with 2,260,000?

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$186,629$184,966$183,344$181,761$180,216$176,577
2 years$92,390$90,670$89,002$87,385$85,817$82,167
3 years$60,982$59,254$57,590$55,989$54,446$50,898
4 years$45,281$43,558$41,911$40,337$38,831$35,414
5 years$35,862$34,150$32,525$30,982$29,519$26,241
6 years$29,585$27,886$26,285$24,777$23,357$20,223
7 years$25,104$23,419$21,843$20,370$18,996$16,005
8 years$21,744$20,074$18,524$17,088$15,759$12,911
9 years$19,132$17,478$15,955$14,555$13,271$10,564
10 years$17,044$15,406$13,910$12,547$11,308$8,739
11 years$15,337$13,715$12,246$10,920$9,725$7,292
12 years$13,915$12,310$10,868$9,578$8,427$6,126
13 years$12,713$11,125$9,710$8,456$7,349$5,175
14 years$11,683$10,112$8,724$7,506$6,442$4,392
15 years$10,792$9,237$7,877$6,694$5,672$3,742
16 years$10,013$8,475$7,142$5,994$5,013$3,198
17 years$9,326$7,805$6,499$5,385$4,445$2,740
18 years$8,716$7,212$5,932$4,853$3,952$2,353
19 years$8,171$6,684$5,431$4,385$3,523$2,024
20 years$7,681$6,211$4,984$3,972$3,146$1,744
21 years$7,238$5,786$4,584$3,605$2,816$1,505
22 years$6,836$5,401$4,225$3,278$2,524$1,300
23 years$6,470$5,051$3,901$2,985$2,266$1,124
24 years$6,135$4,733$3,608$2,722$2,036$973
25 years$5,827$4,441$3,342$2,486$1,832$843
26 years$5,543$4,174$3,099$2,273$1,651$731
27 years$5,280$3,928$2,878$2,081$1,488$634
28 years$5,037$3,702$2,675$1,906$1,343$550
29 years$4,811$3,492$2,490$1,748$1,213$477
30 years$4,600$3,298$2,319$1,604$1,096$414
31 years$4,404$3,118$2,162$1,474$991$360
32 years$4,220$2,950$2,017$1,354$896$313
33 years$4,047$2,794$1,883$1,245$811$272
34 years$3,885$2,648$1,760$1,146$734$236
35 years$3,733$2,511$1,645$1,055$665$205
36 years$3,589$2,384$1,539$971$602$178
37 years$3,454$2,264$1,441$895$546$155
38 years$3,326$2,152$1,349$825$495$135
39 years$3,205$2,046$1,264$761$449$117
40 years$3,090$1,946$1,185$702$407$102
41 years$2,981$1,853$1,111$647$369$89
42 years$2,877$1,765$1,042$597$335$77
43 years$2,779$1,681$978$551$304$67
44 years$2,685$1,603$918$509$276$58
45 years$2,596$1,528$862$470$251$51
46 years$2,511$1,458$809$434$228$44
47 years$2,430$1,391$760$401$207$39
48 years$2,352$1,328$715$371$188$34
49 years$2,278$1,268$672$343$170$29
50 years$2,207$1,212$631$317$155$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,260,000, adding $3,394 every year, while hoping to spend $45,486 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: 68/8/24 Blend
63$2,260,000$2,260,000$2,260,000$2,260,000
64$2,494,021$2,374,241$2,339,211$2,648,099
65$2,700,014$2,442,182$2,369,178$2,819,817
66$2,925,495$2,511,928$2,398,624$3,002,064
67$3,172,401$2,583,518$2,427,484$3,200,380
68$3,442,870$2,656,995$2,455,689$3,416,353
69$3,739,254$2,732,399$2,483,166$3,651,730
70$4,064,143$2,809,771$2,509,837$3,908,438
71$4,420,391$2,889,155$2,535,621$4,188,598
72$4,811,139$2,970,592$2,560,433$4,494,547
73$5,239,850$3,054,126$2,584,182$4,828,861
74$5,710,335$3,139,799$2,606,773$5,194,376
75$6,226,795$3,227,654$2,628,105$5,594,218
76$6,793,855$3,317,736$2,648,073$6,031,831
77$7,416,610$3,410,087$2,666,566$6,511,011
78$8,100,675$3,504,752$2,683,467$7,035,937
79$8,852,232$3,601,774$2,698,652$7,611,219
80$9,678,095$3,701,196$2,711,992$8,241,931
81$10,585,769$3,803,063$2,723,351$8,933,669
82$11,583,521$3,907,416$2,732,588$9,692,597
83$12,680,462$4,014,301$2,739,550$10,525,507
84$13,886,625$4,123,758$2,744,082$11,439,884
85$15,213,070$4,235,831$2,746,017$12,443,977
86$16,671,977$4,350,561$2,745,183$13,546,876
87$18,276,768$4,467,988$2,741,396$14,758,595
88$20,042,233$4,588,153$2,734,467$16,090,174
89$21,984,663$4,711,096$2,724,194$17,553,776
90$24,122,012$4,836,853$2,710,368$19,162,805
91$26,474,061$4,965,462$2,692,769$20,932,033
92$29,062,603$5,096,958$2,671,165$22,877,738
93$31,911,656$5,231,376$2,645,316$25,017,858
94$35,047,678$5,368,747$2,614,968$27,372,164
95$38,499,828$5,509,102$2,579,855$29,962,441
96$42,300,231$5,652,469$2,539,701$32,812,697
97$46,484,288$5,798,873$2,494,215$35,949,390
98$51,091,006$5,948,338$2,443,092$39,401,678
99$56,163,367$6,100,885$2,386,014$43,201,691
100$61,748,733$6,256,531$2,322,647$47,384,841