Can I retire at age 64 with 2,270,000?

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 $2,270,000?

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$187,454$185,785$184,156$182,566$181,013$177,358
2 years$92,799$91,071$89,396$87,772$86,197$82,531
3 years$61,252$59,516$57,845$56,236$54,687$51,124
4 years$45,481$43,750$42,096$40,515$39,003$35,570
5 years$36,021$34,301$32,669$31,119$29,649$26,357
6 years$29,716$28,009$26,401$24,887$23,461$20,312
7 years$25,215$23,522$21,939$20,461$19,080$16,076
8 years$21,840$20,163$18,606$17,164$15,829$12,968
9 years$19,217$17,555$16,026$14,620$13,330$10,611
10 years$17,120$15,474$13,972$12,602$11,358$8,778
11 years$15,405$13,776$12,300$10,968$9,768$7,324
12 years$13,977$12,364$10,916$9,620$8,465$6,153
13 years$12,769$11,174$9,753$8,493$7,381$5,198
14 years$11,735$10,157$8,763$7,539$6,471$4,412
15 years$10,840$9,278$7,912$6,724$5,697$3,758
16 years$10,057$8,513$7,173$6,020$5,035$3,212
17 years$9,367$7,840$6,527$5,409$4,465$2,752
18 years$8,755$7,244$5,959$4,875$3,970$2,363
19 years$8,207$6,714$5,455$4,405$3,538$2,033
20 years$7,715$6,239$5,006$3,989$3,160$1,752
21 years$7,270$5,811$4,605$3,621$2,828$1,512
22 years$6,867$5,425$4,244$3,292$2,535$1,306
23 years$6,499$5,074$3,919$2,998$2,276$1,129
24 years$6,162$4,754$3,624$2,734$2,045$978
25 years$5,852$4,461$3,357$2,497$1,841$847
26 years$5,567$4,193$3,113$2,283$1,658$734
27 years$5,304$3,946$2,891$2,090$1,495$636
28 years$5,059$3,718$2,687$1,915$1,349$552
29 years$4,832$3,508$2,501$1,756$1,218$479
30 years$4,621$3,313$2,329$1,612$1,100$416
31 years$4,423$3,131$2,172$1,480$995$361
32 years$4,238$2,963$2,026$1,360$900$314
33 years$4,065$2,806$1,892$1,251$814$273
34 years$3,903$2,659$1,768$1,151$737$237
35 years$3,750$2,522$1,653$1,059$668$206
36 years$3,605$2,394$1,546$976$605$179
37 years$3,469$2,274$1,447$899$548$156
38 years$3,341$2,161$1,355$829$497$136
39 years$3,219$2,055$1,270$764$451$118
40 years$3,103$1,955$1,190$705$409$103
41 years$2,994$1,861$1,116$650$371$89
42 years$2,890$1,772$1,047$600$337$78
43 years$2,791$1,689$982$554$306$68
44 years$2,697$1,610$922$511$277$59
45 years$2,607$1,535$866$472$252$51
46 years$2,522$1,464$813$436$229$44
47 years$2,440$1,397$764$403$208$39
48 years$2,362$1,334$718$372$189$34
49 years$2,288$1,274$675$344$171$29
50 years$2,216$1,217$634$318$156$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,270,000, adding $5,796 every year, while hoping to spend $21,374 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: 50/23/27 Blend
63$2,270,000$2,270,000$2,270,000$2,270,000
64$2,507,519$2,387,209$2,352,024$2,613,499
65$2,740,544$2,481,440$2,408,075$2,782,320
66$2,996,621$2,579,572$2,465,287$2,963,111
67$3,278,079$2,681,774$2,523,677$3,159,198
68$3,587,484$2,788,222$2,583,261$3,372,044
69$3,927,662$2,899,099$2,644,055$3,603,254
70$4,301,727$3,014,599$2,706,074$3,854,594
71$4,713,110$3,134,921$2,769,334$4,128,009
72$5,165,592$3,260,276$2,833,851$4,425,635
73$5,663,336$3,390,884$2,899,639$4,749,825
74$6,210,932$3,526,973$2,966,713$5,103,167
75$6,813,436$3,668,784$3,035,087$5,488,508
76$7,476,419$3,816,567$3,104,775$5,908,983
77$8,206,018$3,970,583$3,175,789$6,368,040
78$9,008,997$4,131,106$3,248,143$6,869,475
79$9,892,808$4,298,424$3,321,849$7,417,467
80$10,865,661$4,472,834$3,396,918$8,016,615
81$11,936,605$4,654,649$3,473,361$8,671,984
82$13,115,609$4,844,196$3,551,189$9,389,149
83$14,413,657$5,041,818$3,630,409$10,174,246
84$15,842,854$5,247,871$3,711,032$11,034,035
85$17,416,538$5,462,730$3,793,065$11,975,957
86$19,149,405$5,686,784$3,876,513$13,008,205
87$21,057,651$5,920,444$3,961,383$14,139,804
88$23,159,121$6,164,135$4,047,679$15,380,691
89$25,473,479$6,418,305$4,135,404$16,741,809
90$28,022,394$6,683,421$4,224,559$18,235,212
91$30,829,742$6,959,973$4,315,146$19,874,173
92$33,921,835$7,248,471$4,407,163$21,673,314
93$37,327,667$7,549,451$4,500,608$23,648,738
94$41,079,186$7,863,472$4,595,475$25,818,183
95$45,211,600$8,191,118$4,691,760$28,201,187
96$49,763,703$8,533,003$4,789,454$30,819,273
97$54,778,247$8,889,767$4,888,547$33,696,148
98$60,302,342$9,262,079$4,989,028$36,857,929
99$66,387,902$9,650,641$5,090,880$40,333,384
100$73,092,131$10,056,187$5,194,089$44,154,207