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%18.4%
1 years$192,409$190,695$189,023$187,391$185,797$179,491
2 years$95,252$93,478$91,759$90,092$88,475$82,185
3 years$62,871$61,089$59,374$57,723$56,132$50,055
4 years$46,683$44,907$43,209$41,586$40,034$34,217
5 years$36,973$35,208$33,532$31,942$30,433$24,892
6 years$30,502$28,750$27,099$25,544$24,081$18,819
7 years$25,881$24,144$22,519$21,001$19,584$14,602
8 years$22,418$20,696$19,098$17,618$16,247$11,540
9 years$19,725$18,019$16,449$15,006$13,682$9,244
10 years$17,572$15,883$14,341$12,936$11,658$7,482
11 years$15,812$14,140$12,625$11,258$10,026$6,105
12 years$14,346$12,691$11,205$9,875$8,689$5,012
13 years$13,107$11,469$10,011$8,718$7,577$4,135
14 years$12,045$10,425$8,995$7,739$6,642$3,426
15 years$11,126$9,524$8,121$6,902$5,848$2,848
16 years$10,323$8,738$7,363$6,180$5,168$2,373
17 years$9,615$8,047$6,700$5,552$4,583$1,982
18 years$8,986$7,436$6,116$5,004$4,075$1,659
19 years$8,424$6,891$5,599$4,521$3,632$1,390
20 years$7,919$6,404$5,139$4,095$3,244$1,167
21 years$7,463$5,965$4,726$3,716$2,903$980
22 years$7,048$5,568$4,356$3,379$2,602$824
23 years$6,670$5,208$4,022$3,077$2,336$693
24 years$6,325$4,879$3,720$2,807$2,099$583
25 years$6,007$4,579$3,445$2,563$1,889$491
26 years$5,714$4,303$3,195$2,344$1,702$414
27 years$5,444$4,050$2,967$2,145$1,534$349
28 years$5,193$3,816$2,758$1,966$1,384$294
29 years$4,960$3,600$2,567$1,802$1,250$248
30 years$4,743$3,400$2,391$1,654$1,130$209
31 years$4,540$3,214$2,229$1,519$1,021$177
32 years$4,350$3,041$2,080$1,396$924$149
33 years$4,173$2,880$1,942$1,284$836$126
34 years$4,006$2,730$1,814$1,181$757$106
35 years$3,849$2,589$1,696$1,087$686$90
36 years$3,701$2,457$1,587$1,002$621$76
37 years$3,561$2,334$1,485$923$563$64
38 years$3,429$2,218$1,391$851$510$54
39 years$3,304$2,109$1,303$784$463$46
40 years$3,185$2,007$1,221$723$420$38
41 years$3,073$1,910$1,145$667$381$32
42 years$2,966$1,819$1,074$616$346$27
43 years$2,865$1,733$1,008$569$314$23
44 years$2,768$1,652$946$525$285$20
45 years$2,676$1,576$889$485$258$17
46 years$2,589$1,503$835$448$235$14
47 years$2,505$1,434$784$414$213$12
48 years$2,425$1,369$737$382$194$10
49 years$2,348$1,308$692$353$176$8
50 years$2,275$1,249$651$327$160$7

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 $3,621 every year, while hoping to spend $52,274 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: 59/11/30 Blend
63$2,330,000$2,330,000$2,330,000$2,330,000
64$2,571,395$2,447,905$2,411,790$2,701,826
65$2,778,058$2,512,233$2,436,966$2,855,912
66$3,004,049$2,577,962$2,461,233$3,018,087
67$3,251,284$2,645,103$2,484,506$3,193,934
68$3,521,872$2,713,671$2,506,695$3,384,798
69$3,818,138$2,783,676$2,527,704$3,592,161
70$4,142,639$2,855,127$2,547,433$3,817,657
71$4,498,194$2,928,034$2,565,777$4,063,087
72$4,887,905$3,002,402$2,582,626$4,330,434
73$5,315,189$3,078,238$2,597,862$4,621,885
74$5,783,812$3,155,545$2,611,364$4,939,850
75$6,297,917$3,234,324$2,623,001$5,286,985
76$6,862,073$3,314,573$2,632,639$5,666,217
77$7,481,307$3,396,291$2,640,136$6,080,771
78$8,161,162$3,479,470$2,645,342$6,534,203
79$8,907,740$3,564,104$2,648,101$7,030,433
80$9,727,765$3,650,180$2,648,247$7,573,779
81$10,628,642$3,737,684$2,645,609$8,169,001
82$11,618,531$3,826,598$2,640,004$8,821,346
83$12,706,420$3,916,900$2,631,243$9,536,598
84$13,902,212$4,008,566$2,619,127$10,321,131
85$15,216,817$4,101,564$2,603,447$11,181,969
86$16,662,253$4,195,862$2,583,983$12,126,855
87$18,251,764$4,291,420$2,560,508$13,164,325
88$19,999,938$4,388,194$2,532,779$14,303,785
89$21,922,851$4,486,135$2,500,546$15,555,602
90$24,038,213$4,585,187$2,463,546$16,931,205
91$26,365,538$4,685,288$2,421,502$18,443,187
92$28,926,325$4,786,370$2,374,125$20,105,432
93$31,744,266$4,888,357$2,321,113$21,933,238
94$34,845,461$4,991,167$2,262,150$23,943,471
95$38,258,671$5,094,707$2,196,906$26,154,716
96$42,015,587$5,198,879$2,125,033$28,587,460
97$46,151,125$5,303,573$2,046,171$31,264,280
98$50,703,762$5,408,670$1,959,939$34,210,062
99$55,715,892$5,514,041$1,865,944$37,452,233
100$61,234,231$5,619,547$1,763,771$41,021,022