Can I retire at age 64 with 2,290,000?

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 $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$189,106$187,422$185,778$184,174$182,608$179,879
2 years$93,617$91,873$90,184$88,545$86,956$84,213
3 years$61,791$60,040$58,355$56,732$55,169$52,496
4 years$45,882$44,136$42,467$40,872$39,347$36,766
5 years$36,338$34,603$32,956$31,394$29,911$27,429
6 years$29,978$28,256$26,634$25,106$23,667$21,288
7 years$25,437$23,729$22,133$20,641$19,248$16,971
8 years$22,033$20,340$18,770$17,315$15,968$13,794
9 years$19,386$17,710$16,167$14,749$13,447$11,375
10 years$17,270$15,611$14,095$12,713$11,458$9,485
11 years$15,540$13,897$12,409$11,065$9,854$7,979
12 years$14,100$12,473$11,012$9,705$8,539$6,760
13 years$12,882$11,272$9,839$8,568$7,446$5,760
14 years$11,838$10,246$8,840$7,606$6,528$4,931
15 years$10,935$9,360$7,982$6,783$5,747$4,239
16 years$10,146$8,588$7,236$6,073$5,080$3,656
17 years$9,450$7,909$6,585$5,457$4,504$3,161
18 years$8,832$7,308$6,011$4,918$4,005$2,740
19 years$8,279$6,773$5,503$4,444$3,569$2,380
20 years$7,783$6,294$5,050$4,025$3,188$2,071
21 years$7,334$5,863$4,645$3,653$2,853$1,805
22 years$6,927$5,472$4,281$3,321$2,557$1,575
23 years$6,556$5,118$3,953$3,025$2,296$1,376
24 years$6,216$4,796$3,656$2,759$2,063$1,203
25 years$5,904$4,500$3,386$2,519$1,857$1,053
26 years$5,616$4,230$3,140$2,303$1,673$922
27 years$5,350$3,981$2,916$2,108$1,508$808
28 years$5,104$3,751$2,711$1,932$1,361$708
29 years$4,875$3,539$2,523$1,771$1,229$622
30 years$4,661$3,342$2,350$1,626$1,110$545
31 years$4,462$3,159$2,191$1,493$1,004$479
32 years$4,276$2,989$2,044$1,372$908$421
33 years$4,101$2,831$1,908$1,262$822$369
34 years$3,937$2,683$1,783$1,161$744$325
35 years$3,783$2,545$1,667$1,069$674$285
36 years$3,637$2,415$1,560$984$610$251
37 years$3,500$2,294$1,460$907$553$221
38 years$3,370$2,180$1,367$836$502$194
39 years$3,247$2,073$1,281$771$455$171
40 years$3,131$1,972$1,200$711$413$150
41 years$3,020$1,877$1,126$656$374$132
42 years$2,916$1,788$1,056$605$340$116
43 years$2,816$1,704$991$559$308$102
44 years$2,721$1,624$930$516$280$90
45 years$2,630$1,549$873$477$254$79
46 years$2,544$1,477$820$440$231$70
47 years$2,462$1,410$771$407$209$61
48 years$2,383$1,346$724$376$190$54
49 years$2,308$1,285$681$347$173$47
50 years$2,236$1,228$640$321$157$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,290,000, adding $5,856 every year, while hoping to spend $22,512 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: 40/48/12 Blend
63$2,290,000$2,290,000$2,290,000$2,290,000
64$2,529,620$2,408,250$2,372,755$2,621,515
65$2,763,689$2,502,302$2,428,290$2,780,987
66$3,020,878$2,600,208$2,484,931$2,950,729
67$3,303,523$2,702,133$2,542,691$3,133,857
68$3,614,194$2,808,249$2,601,583$3,331,591
69$3,955,725$2,918,737$2,661,619$3,545,273
70$4,331,239$3,033,785$2,722,813$3,776,376
71$4,744,174$3,153,589$2,785,176$4,026,516
72$5,198,319$3,278,354$2,848,719$4,297,468
73$5,697,850$3,408,296$2,913,453$4,591,182
74$6,247,366$3,543,638$2,979,389$4,909,799
75$6,851,935$3,684,614$3,046,537$5,255,673
76$7,517,141$3,831,469$3,114,905$5,631,390
77$8,249,138$3,984,458$3,184,502$6,039,791
78$9,054,703$4,143,850$3,255,336$6,484,001
79$9,941,306$4,309,922$3,327,413$6,967,453
80$10,917,178$4,482,968$3,400,741$7,493,923
81$11,991,388$4,663,291$3,475,323$8,067,562
82$13,173,928$4,851,210$3,551,165$8,692,938
83$14,475,809$5,047,060$3,628,269$9,375,071
84$15,909,163$5,251,187$3,706,637$10,119,485
85$17,487,359$5,463,957$3,786,271$10,932,256
86$19,225,128$5,685,749$3,867,169$11,820,071
87$21,138,702$5,916,962$3,949,331$12,790,283
88$23,245,968$6,158,011$4,032,752$13,850,987
89$25,566,636$6,409,333$4,117,428$15,011,089
90$28,122,423$6,671,380$4,203,352$16,280,391
91$30,937,262$6,944,630$4,290,516$17,669,681
92$34,037,525$7,229,579$4,378,911$19,190,833
93$37,452,272$7,526,748$4,468,524$20,856,917
94$41,213,525$7,836,679$4,559,340$22,682,319
95$45,356,570$8,159,943$4,651,344$24,682,881
96$49,920,294$8,497,133$4,744,518$26,876,038
97$54,947,544$8,848,873$4,838,839$29,280,990
98$60,485,537$9,215,812$4,934,284$31,918,876
99$66,586,307$9,598,631$5,030,827$34,812,969
100$73,307,189$9,998,043$5,128,439$37,988,899