Can I retire at age 64 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$190,758$189,058$187,401$185,783$184,203$180,928
2 years$94,434$92,676$90,971$89,319$87,716$84,427
3 years$62,331$60,565$58,864$57,227$55,650$52,451
4 years$46,282$44,521$42,838$41,229$39,690$36,605
5 years$36,656$34,905$33,244$31,668$30,172$27,209
6 years$30,240$28,503$26,866$25,325$23,874$21,037
7 years$25,659$23,937$22,326$20,821$19,416$16,706
8 years$22,225$20,518$18,934$17,466$16,107$13,523
9 years$19,556$17,865$16,308$14,877$13,565$11,105
10 years$17,421$15,747$14,218$12,824$11,558$9,221
11 years$15,676$14,019$12,517$11,161$9,940$7,723
12 years$14,223$12,582$11,109$9,790$8,614$6,513
13 years$12,994$11,371$9,925$8,643$7,512$5,524
14 years$11,942$10,336$8,917$7,672$6,585$4,708
15 years$11,031$9,442$8,051$6,842$5,798$4,027
16 years$10,234$8,663$7,300$6,127$5,124$3,456
17 years$9,532$7,978$6,642$5,505$4,543$2,974
18 years$8,909$7,372$6,064$4,961$4,040$2,565
19 years$8,352$6,832$5,551$4,482$3,601$2,216
20 years$7,851$6,349$5,094$4,060$3,216$1,919
21 years$7,398$5,914$4,686$3,684$2,878$1,663
22 years$6,988$5,520$4,319$3,350$2,580$1,443
23 years$6,613$5,163$3,988$3,051$2,316$1,254
24 years$6,270$4,837$3,688$2,783$2,081$1,091
25 years$5,956$4,540$3,416$2,541$1,873$949
26 years$5,665$4,267$3,168$2,324$1,687$827
27 years$5,397$4,015$2,942$2,127$1,521$720
28 years$5,148$3,784$2,735$1,949$1,372$628
29 years$4,917$3,569$2,545$1,787$1,239$548
30 years$4,702$3,371$2,370$1,640$1,120$478
31 years$4,501$3,187$2,210$1,506$1,012$417
32 years$4,313$3,015$2,062$1,384$916$364
33 years$4,137$2,855$1,925$1,273$829$318
34 years$3,971$2,706$1,799$1,171$750$278
35 years$3,816$2,567$1,682$1,078$680$243
36 years$3,669$2,436$1,573$993$616$212
37 years$3,530$2,314$1,472$915$558$185
38 years$3,399$2,199$1,379$843$506$162
39 years$3,276$2,091$1,292$778$459$142
40 years$3,158$1,990$1,211$717$416$124
41 years$3,047$1,894$1,135$662$378$108
42 years$2,941$1,804$1,065$611$343$95
43 years$2,840$1,719$999$564$311$83
44 years$2,745$1,638$938$520$282$72
45 years$2,653$1,562$881$481$256$63
46 years$2,566$1,490$827$444$233$55
47 years$2,483$1,422$777$410$211$48
48 years$2,404$1,358$730$379$192$42
49 years$2,328$1,296$687$350$174$37
50 years$2,255$1,238$645$324$158$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,310,000, adding $5,560 every year, while hoping to spend $44,747 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: 48/47/5 Blend
63$2,310,000$2,310,000$2,310,000$2,310,000
64$2,551,355$2,428,925$2,393,120$2,670,340
65$2,763,983$2,500,332$2,425,679$2,823,629
66$2,996,799$2,573,738$2,457,829$2,984,743
67$3,251,815$2,649,194$2,489,509$3,158,589
68$3,531,248$2,726,752$2,520,655$3,346,363
69$3,837,536$2,806,464$2,551,198$3,549,378
70$4,173,368$2,888,384$2,581,067$3,769,077
71$4,541,704$2,972,567$2,610,185$4,007,050
72$4,945,803$3,059,068$2,638,471$4,265,045
73$5,389,257$3,147,945$2,665,842$4,544,985
74$5,876,022$3,239,254$2,692,208$4,848,986
75$6,410,453$3,333,055$2,717,475$5,179,378
76$6,997,352$3,429,407$2,741,543$5,538,723
77$7,642,005$3,528,371$2,764,307$5,929,842
78$8,350,237$3,630,009$2,785,659$6,355,842
79$9,128,464$3,734,382$2,805,481$6,820,142
80$9,983,754$3,841,554$2,823,652$7,326,505
81$10,923,897$3,951,590$2,840,044$7,879,077
82$11,957,470$4,064,553$2,854,521$8,482,420
83$13,093,927$4,180,512$2,866,943$9,141,560
84$14,343,682$4,299,531$2,877,160$9,862,032
85$15,718,208$4,421,679$2,885,015$10,649,929
86$17,230,148$4,547,023$2,890,346$11,511,963
87$18,893,428$4,675,633$2,892,978$12,455,529
88$20,723,396$4,807,577$2,892,731$13,488,767
89$22,736,961$4,942,926$2,889,415$14,620,647
90$24,952,751$5,081,750$2,882,831$15,861,049
91$27,391,296$5,224,120$2,872,770$17,220,854
92$30,075,214$5,370,108$2,859,014$18,712,052
93$33,029,426$5,519,783$2,841,331$20,347,848
94$36,281,394$5,673,219$2,819,482$22,142,792
95$39,861,376$5,830,487$2,793,215$24,112,911
96$43,802,714$5,991,658$2,762,265$26,275,864
97$48,142,146$6,156,804$2,726,355$28,651,105
98$52,920,153$6,325,997$2,685,197$31,260,068
99$58,181,344$6,499,306$2,638,486$34,126,368
100$63,974,872$6,676,802$2,585,906$37,276,023