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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.9%
1 years$192,409$190,695$189,023$187,391$185,797$183,552
2 years$95,252$93,478$91,759$90,092$88,475$86,215
3 years$62,871$61,089$59,374$57,723$56,132$53,928
4 years$46,683$44,907$43,209$41,586$40,034$37,903
5 years$36,973$35,208$33,532$31,942$30,433$28,381
6 years$30,502$28,750$27,099$25,544$24,081$22,110
7 years$25,881$24,144$22,519$21,001$19,584$17,696
8 years$22,418$20,696$19,098$17,618$16,247$14,441
9 years$19,725$18,019$16,449$15,006$13,682$11,957
10 years$17,572$15,883$14,341$12,936$11,658$10,013
11 years$15,812$14,140$12,625$11,258$10,026$8,460
12 years$14,346$12,691$11,205$9,875$8,689$7,200
13 years$13,107$11,469$10,011$8,718$7,577$6,163
14 years$12,045$10,425$8,995$7,739$6,642$5,301
15 years$11,126$9,524$8,121$6,902$5,848$4,578
16 years$10,323$8,738$7,363$6,180$5,168$3,968
17 years$9,615$8,047$6,700$5,552$4,583$3,448
18 years$8,986$7,436$6,116$5,004$4,075$3,004
19 years$8,424$6,891$5,599$4,521$3,632$2,623
20 years$7,919$6,404$5,139$4,095$3,244$2,294
21 years$7,463$5,965$4,726$3,716$2,903$2,010
22 years$7,048$5,568$4,356$3,379$2,602$1,763
23 years$6,670$5,208$4,022$3,077$2,336$1,548
24 years$6,325$4,879$3,720$2,807$2,099$1,361
25 years$6,007$4,579$3,445$2,563$1,889$1,198
26 years$5,714$4,303$3,195$2,344$1,702$1,055
27 years$5,444$4,050$2,967$2,145$1,534$930
28 years$5,193$3,816$2,758$1,966$1,384$820
29 years$4,960$3,600$2,567$1,802$1,250$723
30 years$4,743$3,400$2,391$1,654$1,130$638
31 years$4,540$3,214$2,229$1,519$1,021$564
32 years$4,350$3,041$2,080$1,396$924$498
33 years$4,173$2,880$1,942$1,284$836$440
34 years$4,006$2,730$1,814$1,181$757$389
35 years$3,849$2,589$1,696$1,087$686$344
36 years$3,701$2,457$1,587$1,002$621$304
37 years$3,561$2,334$1,485$923$563$269
38 years$3,429$2,218$1,391$851$510$238
39 years$3,304$2,109$1,303$784$463$210
40 years$3,185$2,007$1,221$723$420$186
41 years$3,073$1,910$1,145$667$381$165
42 years$2,966$1,819$1,074$616$346$146
43 years$2,865$1,733$1,008$569$314$129
44 years$2,768$1,652$946$525$285$114
45 years$2,676$1,576$889$485$258$101
46 years$2,589$1,503$835$448$235$90
47 years$2,505$1,434$784$414$213$79
48 years$2,425$1,369$737$382$194$70
49 years$2,348$1,308$692$353$176$62
50 years$2,275$1,249$651$327$160$55

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 $4,574 every year, while hoping to spend $20,769 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: 71/23/6 Blend
63$2,330,000$2,330,000$2,330,000$2,330,000
64$2,572,378$2,448,888$2,412,773$2,752,735
65$2,812,663$2,546,786$2,471,503$2,970,298
66$3,076,760$2,648,784$2,531,504$3,205,323
67$3,367,077$2,755,062$2,592,797$3,461,977
68$3,686,266$2,865,807$2,655,403$3,742,382
69$4,037,249$2,981,215$2,719,343$4,048,872
70$4,423,244$3,101,490$2,784,636$4,384,017
71$4,847,797$3,226,845$2,851,303$4,750,645
72$5,314,816$3,357,505$2,919,366$5,151,866
73$5,828,606$3,493,701$2,988,844$5,591,109
74$6,393,911$3,635,680$3,059,757$6,072,143
75$7,015,957$3,783,695$3,132,126$6,599,122
76$7,700,502$3,938,013$3,205,969$7,176,617
77$8,453,891$4,098,914$3,281,308$7,809,660
78$9,283,117$4,266,690$3,358,160$8,503,794
79$10,195,881$4,441,644$3,436,545$9,265,121
80$11,200,673$4,624,097$3,516,481$10,100,359
81$12,306,846$4,814,381$3,597,987$11,016,910
82$13,524,704$5,012,847$3,681,080$12,022,921
83$14,865,605$5,219,857$3,765,778$13,127,367
84$16,342,062$5,435,795$3,852,096$14,340,132
85$17,967,862$5,661,058$3,940,051$15,672,102
86$19,758,199$5,896,066$4,029,658$17,135,265
87$21,729,816$6,141,253$4,120,932$18,742,828
88$23,901,160$6,397,078$4,213,886$20,509,336
89$26,292,561$6,664,017$4,308,534$22,450,812
90$28,926,419$6,942,571$4,404,887$24,584,902
91$31,827,420$7,233,263$4,502,956$26,931,049
92$35,022,764$7,536,640$4,602,752$29,510,668
93$38,542,424$7,853,274$4,704,283$32,347,349
94$42,419,431$8,183,764$4,807,556$35,467,080
95$46,690,182$8,528,737$4,912,578$38,898,491
96$51,394,784$8,888,849$5,019,353$42,673,123
97$56,577,435$9,264,785$5,127,885$46,825,721
98$62,286,839$9,657,265$5,238,174$51,394,566
99$68,576,664$10,067,039$5,350,221$56,421,831
100$75,506,054$10,494,894$5,464,023$61,953,981