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%18.8%
1 years$189,106$187,422$185,778$184,174$182,608$176,129
2 years$93,617$91,873$90,184$88,545$86,956$80,498
3 years$61,791$60,040$58,355$56,732$55,169$48,934
4 years$45,882$44,136$42,467$40,872$39,347$33,383
5 years$36,338$34,603$32,956$31,394$29,911$24,234
6 years$29,978$28,256$26,634$25,106$23,667$18,281
7 years$25,437$23,729$22,133$20,641$19,248$14,152
8 years$22,033$20,340$18,770$17,315$15,968$11,158
9 years$19,386$17,710$16,167$14,749$13,447$8,917
10 years$17,270$15,611$14,095$12,713$11,458$7,199
11 years$15,540$13,897$12,409$11,065$9,854$5,858
12 years$14,100$12,473$11,012$9,705$8,539$4,797
13 years$12,882$11,272$9,839$8,568$7,446$3,947
14 years$11,838$10,246$8,840$7,606$6,528$3,261
15 years$10,935$9,360$7,982$6,783$5,747$2,703
16 years$10,146$8,588$7,236$6,073$5,080$2,246
17 years$9,450$7,909$6,585$5,457$4,504$1,871
18 years$8,832$7,308$6,011$4,918$4,005$1,561
19 years$8,279$6,773$5,503$4,444$3,569$1,304
20 years$7,783$6,294$5,050$4,025$3,188$1,091
21 years$7,334$5,863$4,645$3,653$2,853$913
22 years$6,927$5,472$4,281$3,321$2,557$766
23 years$6,556$5,118$3,953$3,025$2,296$642
24 years$6,216$4,796$3,656$2,759$2,063$539
25 years$5,904$4,500$3,386$2,519$1,857$452
26 years$5,616$4,230$3,140$2,303$1,673$380
27 years$5,350$3,981$2,916$2,108$1,508$319
28 years$5,104$3,751$2,711$1,932$1,361$268
29 years$4,875$3,539$2,523$1,771$1,229$226
30 years$4,661$3,342$2,350$1,626$1,110$190
31 years$4,462$3,159$2,191$1,493$1,004$160
32 years$4,276$2,989$2,044$1,372$908$134
33 years$4,101$2,831$1,908$1,262$822$113
34 years$3,937$2,683$1,783$1,161$744$95
35 years$3,783$2,545$1,667$1,069$674$80
36 years$3,637$2,415$1,560$984$610$67
37 years$3,500$2,294$1,460$907$553$57
38 years$3,370$2,180$1,367$836$502$48
39 years$3,247$2,073$1,281$771$455$40
40 years$3,131$1,972$1,200$711$413$34
41 years$3,020$1,877$1,126$656$374$28
42 years$2,916$1,788$1,056$605$340$24
43 years$2,816$1,704$991$559$308$20
44 years$2,721$1,624$930$516$280$17
45 years$2,630$1,549$873$477$254$14
46 years$2,544$1,477$820$440$231$12
47 years$2,462$1,410$771$407$209$10
48 years$2,383$1,346$724$376$190$8
49 years$2,308$1,285$681$347$173$7
50 years$2,236$1,228$640$321$157$6

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 $6,273 every year, while hoping to spend $27,118 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: 33/49/18 Blend
63$2,290,000$2,290,000$2,290,000$2,290,000
64$2,530,051$2,408,681$2,373,186$2,599,236
65$2,759,262$2,497,853$2,423,834$2,740,098
66$3,010,945$2,590,485$2,475,270$2,888,866
67$3,287,362$2,686,719$2,527,492$3,048,627
68$3,591,006$2,786,702$2,580,496$3,220,365
69$3,924,624$2,890,586$2,634,279$3,405,154
70$4,291,242$2,998,531$2,688,834$3,604,178
71$4,694,195$3,110,705$2,744,155$3,818,733
72$5,137,153$3,227,280$2,800,235$4,050,243
73$5,624,164$3,348,438$2,857,064$4,300,269
74$6,159,686$3,474,368$2,914,633$4,570,530
75$6,748,629$3,605,267$2,972,928$4,862,910
76$7,396,405$3,741,341$3,031,937$5,179,480
77$8,108,975$3,882,804$3,091,644$5,522,515
78$8,892,909$4,029,880$3,152,033$5,894,517
79$9,755,445$4,182,803$3,213,084$6,298,235
80$10,704,555$4,341,816$3,274,778$6,736,689
81$11,749,028$4,507,173$3,337,091$7,213,201
82$12,898,544$4,679,140$3,399,999$7,731,425
83$14,163,771$4,857,993$3,463,474$8,295,376
84$15,556,463$5,044,021$3,527,488$8,909,472
85$17,089,571$5,237,527$3,592,007$9,578,573
86$18,777,365$5,438,825$3,656,998$10,308,024
87$20,635,572$5,648,242$3,722,423$11,103,704
88$22,681,518$5,866,123$3,788,241$11,972,084
89$24,934,295$6,092,826$3,854,410$12,920,284
90$27,414,942$6,328,723$3,920,882$13,956,137
91$30,146,642$6,574,207$3,987,607$15,088,267
92$33,154,939$6,829,683$4,054,532$16,326,161
93$36,467,983$7,095,577$4,121,599$17,680,265
94$40,116,792$7,372,335$4,188,746$19,162,077
95$44,135,545$7,660,419$4,255,909$20,784,251
96$48,561,906$7,960,316$4,323,018$22,560,723
97$53,437,379$8,272,529$4,389,998$24,506,830
98$58,807,698$8,597,590$4,456,769$26,639,462
99$64,723,260$8,936,049$4,523,248$28,977,215
100$71,239,601$9,288,484$4,589,345$31,540,564