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%17%
1 years$190,758$189,058$187,401$185,783$184,203$178,952
2 years$94,434$92,676$90,971$89,319$87,716$82,466
3 years$62,331$60,565$58,864$57,227$55,650$50,567
4 years$46,282$44,521$42,838$41,229$39,690$34,812
5 years$36,656$34,905$33,244$31,668$30,172$25,512
6 years$30,240$28,503$26,866$25,325$23,874$19,437
7 years$25,659$23,937$22,326$20,821$19,416$15,201
8 years$22,225$20,518$18,934$17,466$16,107$12,113
9 years$19,556$17,865$16,308$14,877$13,565$9,787
10 years$17,421$15,747$14,218$12,824$11,558$7,991
11 years$15,676$14,019$12,517$11,161$9,940$6,579
12 years$14,223$12,582$11,109$9,790$8,614$5,452
13 years$12,994$11,371$9,925$8,643$7,512$4,541
14 years$11,942$10,336$8,917$7,672$6,585$3,799
15 years$11,031$9,442$8,051$6,842$5,798$3,189
16 years$10,234$8,663$7,300$6,127$5,124$2,685
17 years$9,532$7,978$6,642$5,505$4,543$2,266
18 years$8,909$7,372$6,064$4,961$4,040$1,916
19 years$8,352$6,832$5,551$4,482$3,601$1,623
20 years$7,851$6,349$5,094$4,060$3,216$1,376
21 years$7,398$5,914$4,686$3,684$2,878$1,169
22 years$6,988$5,520$4,319$3,350$2,580$993
23 years$6,613$5,163$3,988$3,051$2,316$845
24 years$6,270$4,837$3,688$2,783$2,081$719
25 years$5,956$4,540$3,416$2,541$1,873$613
26 years$5,665$4,267$3,168$2,324$1,687$522
27 years$5,397$4,015$2,942$2,127$1,521$445
28 years$5,148$3,784$2,735$1,949$1,372$380
29 years$4,917$3,569$2,545$1,787$1,239$324
30 years$4,702$3,371$2,370$1,640$1,120$276
31 years$4,501$3,187$2,210$1,506$1,012$236
32 years$4,313$3,015$2,062$1,384$916$201
33 years$4,137$2,855$1,925$1,273$829$172
34 years$3,971$2,706$1,799$1,171$750$147
35 years$3,816$2,567$1,682$1,078$680$125
36 years$3,669$2,436$1,573$993$616$107
37 years$3,530$2,314$1,472$915$558$92
38 years$3,399$2,199$1,379$843$506$78
39 years$3,276$2,091$1,292$778$459$67
40 years$3,158$1,990$1,211$717$416$57
41 years$3,047$1,894$1,135$662$378$49
42 years$2,941$1,804$1,065$611$343$42
43 years$2,840$1,719$999$564$311$36
44 years$2,745$1,638$938$520$282$30
45 years$2,653$1,562$881$481$256$26
46 years$2,566$1,490$827$444$233$22
47 years$2,483$1,422$777$410$211$19
48 years$2,404$1,358$730$379$192$16
49 years$2,328$1,296$687$350$174$14
50 years$2,255$1,238$645$324$158$12

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 $3,463 every year, while hoping to spend $54,017 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: 53/27/20 Blend
63$2,310,000$2,310,000$2,310,000$2,310,000
64$2,549,192$2,426,762$2,390,957$2,670,159
65$2,751,736$2,488,200$2,413,580$2,815,051
66$2,973,129$2,550,837$2,435,151$2,966,692
67$3,215,237$2,614,677$2,455,577$3,130,538
68$3,480,113$2,679,718$2,474,761$3,307,772
69$3,770,020$2,745,960$2,492,601$3,499,691
70$4,087,447$2,813,397$2,508,989$3,707,727
71$4,435,139$2,882,026$2,523,812$3,933,457
72$4,816,114$2,951,836$2,536,950$4,178,619
73$5,233,699$3,022,817$2,548,280$4,445,126
74$5,691,557$3,094,956$2,557,668$4,735,087
75$6,193,724$3,168,237$2,564,978$5,050,826
76$6,744,643$3,242,640$2,570,064$5,394,903
77$7,349,210$3,318,142$2,572,774$5,770,139
78$8,012,815$3,394,717$2,572,948$6,179,643
79$8,741,399$3,472,335$2,570,418$6,626,841
80$9,541,503$3,550,961$2,565,009$7,115,508
81$10,420,335$3,630,557$2,556,536$7,649,805
82$11,385,835$3,711,080$2,544,805$8,234,316
83$12,446,748$3,792,481$2,529,614$8,874,095
84$13,612,711$3,874,707$2,510,750$9,574,711
85$14,894,338$3,957,698$2,487,991$10,342,301
86$16,303,324$4,041,389$2,461,103$11,183,629
87$17,852,555$4,125,709$2,429,842$12,106,150
88$19,556,226$4,210,579$2,393,951$13,118,079
89$21,429,976$4,295,912$2,353,164$14,228,474
90$23,491,038$4,381,616$2,307,199$15,447,312
91$25,758,397$4,467,589$2,255,764$16,785,595
92$28,252,972$4,553,719$2,198,550$18,255,445
93$30,997,811$4,639,887$2,135,237$19,870,224
94$34,018,309$4,725,962$2,065,489$21,644,657
95$37,342,447$4,811,806$1,988,954$23,594,977
96$41,001,057$4,897,265$1,905,264$25,739,070
97$45,028,111$4,982,176$1,814,036$28,096,654
98$49,461,039$5,066,364$1,714,868$30,689,458
99$54,341,088$5,149,639$1,607,339$33,541,432
100$59,713,706$5,231,798$1,491,011$36,678,972