Can I retire at age 64 with 2,330,000?

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$192,409$190,695$189,023$187,391$185,797$184,472
2 years$95,252$93,478$91,759$90,092$88,475$87,138
3 years$62,871$61,089$59,374$57,723$56,132$54,826
4 years$46,683$44,907$43,209$41,586$40,034$38,768
5 years$36,973$35,208$33,532$31,942$30,433$29,211
6 years$30,502$28,750$27,099$25,544$24,081$22,905
7 years$25,881$24,144$22,519$21,001$19,584$18,454
8 years$22,418$20,696$19,098$17,618$16,247$15,163
9 years$19,725$18,019$16,449$15,006$13,682$12,644
10 years$17,572$15,883$14,341$12,936$11,658$10,665
11 years$15,812$14,140$12,625$11,258$10,026$9,078
12 years$14,346$12,691$11,205$9,875$8,689$7,785
13 years$13,107$11,469$10,011$8,718$7,577$6,715
14 years$12,045$10,425$8,995$7,739$6,642$5,822
15 years$11,126$9,524$8,121$6,902$5,848$5,069
16 years$10,323$8,738$7,363$6,180$5,168$4,429
17 years$9,615$8,047$6,700$5,552$4,583$3,882
18 years$8,986$7,436$6,116$5,004$4,075$3,411
19 years$8,424$6,891$5,599$4,521$3,632$3,004
20 years$7,919$6,404$5,139$4,095$3,244$2,651
21 years$7,463$5,965$4,726$3,716$2,903$2,343
22 years$7,048$5,568$4,356$3,379$2,602$2,074
23 years$6,670$5,208$4,022$3,077$2,336$1,838
24 years$6,325$4,879$3,720$2,807$2,099$1,631
25 years$6,007$4,579$3,445$2,563$1,889$1,449
26 years$5,714$4,303$3,195$2,344$1,702$1,288
27 years$5,444$4,050$2,967$2,145$1,534$1,146
28 years$5,193$3,816$2,758$1,966$1,384$1,020
29 years$4,960$3,600$2,567$1,802$1,250$909
30 years$4,743$3,400$2,391$1,654$1,130$810
31 years$4,540$3,214$2,229$1,519$1,021$722
32 years$4,350$3,041$2,080$1,396$924$644
33 years$4,173$2,880$1,942$1,284$836$575
34 years$4,006$2,730$1,814$1,181$757$513
35 years$3,849$2,589$1,696$1,087$686$459
36 years$3,701$2,457$1,587$1,002$621$410
37 years$3,561$2,334$1,485$923$563$366
38 years$3,429$2,218$1,391$851$510$327
39 years$3,304$2,109$1,303$784$463$292
40 years$3,185$2,007$1,221$723$420$261
41 years$3,073$1,910$1,145$667$381$234
42 years$2,966$1,819$1,074$616$346$209
43 years$2,865$1,733$1,008$569$314$187
44 years$2,768$1,652$946$525$285$167
45 years$2,676$1,576$889$485$258$150
46 years$2,589$1,503$835$448$235$134
47 years$2,505$1,434$784$414$213$120
48 years$2,425$1,369$737$382$194$107
49 years$2,348$1,308$692$353$176$96
50 years$2,275$1,249$651$327$160$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,330,000, adding $6,476 every year, while hoping to spend $55,162 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: 42/48/10 Blend
63$2,330,000$2,330,000$2,330,000$2,330,000
64$2,574,340$2,450,850$2,414,735$2,674,657
65$2,778,231$2,512,250$2,436,937$2,806,793
66$3,001,070$2,574,809$2,458,033$2,943,741
67$3,244,731$2,638,527$2,477,930$3,090,790
68$3,511,279$2,703,400$2,496,525$3,248,882
69$3,802,985$2,769,423$2,513,715$3,419,058
70$4,122,353$2,836,587$2,529,388$3,602,458
71$4,472,137$2,904,884$2,543,426$3,800,342
72$4,855,372$2,974,301$2,555,708$4,014,096
73$5,275,400$3,044,822$2,566,105$4,245,245
74$5,735,901$3,116,429$2,574,480$4,495,470
75$6,240,930$3,189,101$2,580,692$4,766,622
76$6,794,951$3,262,812$2,584,591$5,060,738
77$7,402,881$3,337,535$2,586,019$5,380,066
78$8,070,137$3,413,237$2,584,814$5,727,079
79$8,802,687$3,489,882$2,580,801$6,104,503
80$9,607,103$3,567,428$2,573,800$6,515,340
81$10,490,626$3,645,830$2,563,620$6,962,900
82$11,461,231$3,725,037$2,550,063$7,450,828
83$12,527,706$3,804,993$2,532,919$7,983,140
84$13,699,730$3,885,635$2,511,970$8,564,265
85$14,987,967$3,966,897$2,486,986$9,199,080
86$16,404,167$4,048,702$2,457,727$9,892,961
87$17,961,274$4,130,970$2,423,943$10,651,831
88$19,673,547$4,213,611$2,385,368$11,482,220
89$21,556,700$4,296,529$2,341,729$12,391,322
90$23,628,042$4,379,618$2,292,736$13,387,066
91$25,906,647$4,462,764$2,238,087$14,478,193
92$28,413,529$4,545,843$2,177,467$15,674,334
93$31,171,842$4,628,721$2,110,544$16,986,104
94$34,207,096$4,711,255$2,036,974$18,425,202
95$37,547,402$4,793,289$1,956,395$20,004,524
96$41,223,731$4,874,654$1,868,428$21,738,281
97$45,270,210$4,955,171$1,772,680$23,642,136
98$49,724,443$5,034,646$1,668,735$25,733,355
99$54,627,862$5,112,869$1,556,164$28,030,966
100$60,026,124$5,189,619$1,434,515$30,555,940