Can I retire at age 64 with 2,350,000?

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$194,061$192,332$190,646$189,000$187,392$184,440
2 years$96,070$94,280$92,546$90,865$89,234$86,267
3 years$63,410$61,613$59,884$58,218$56,614$53,725
4 years$47,084$45,292$43,580$41,943$40,378$37,589
5 years$37,290$35,510$33,820$32,216$30,694$28,014
6 years$30,764$28,996$27,331$25,764$24,287$21,718
7 years$26,103$24,351$22,713$21,182$19,752$17,295
8 years$22,610$20,873$19,262$17,769$16,386$14,041
9 years$19,894$18,174$16,590$15,135$13,800$11,564
10 years$17,723$16,020$14,464$13,047$11,758$9,631
11 years$15,948$14,261$12,734$11,354$10,112$8,092
12 years$14,469$12,800$11,301$9,959$8,763$6,847
13 years$13,219$11,568$10,097$8,793$7,642$5,826
14 years$12,149$10,515$9,072$7,805$6,699$4,982
15 years$11,222$9,605$8,191$6,961$5,898$4,276
16 years$10,411$8,813$7,426$6,233$5,213$3,682
17 years$9,697$8,116$6,757$5,600$4,622$3,180
18 years$9,063$7,500$6,169$5,047$4,110$2,753
19 years$8,496$6,951$5,647$4,560$3,663$2,388
20 years$7,987$6,459$5,183$4,130$3,272$2,075
21 years$7,527$6,016$4,767$3,748$2,928$1,805
22 years$7,109$5,616$4,394$3,408$2,624$1,573
23 years$6,728$5,252$4,057$3,104$2,356$1,372
24 years$6,379$4,921$3,752$2,831$2,117$1,198
25 years$6,059$4,618$3,475$2,585$1,905$1,046
26 years$5,763$4,340$3,223$2,364$1,716$915
27 years$5,491$4,085$2,993$2,164$1,547$800
28 years$5,238$3,849$2,782$1,982$1,396$701
29 years$5,003$3,631$2,589$1,818$1,261$614
30 years$4,784$3,429$2,411$1,668$1,139$538
31 years$4,579$3,242$2,248$1,532$1,030$471
32 years$4,388$3,067$2,098$1,408$932$413
33 years$4,209$2,905$1,958$1,295$843$362
34 years$4,040$2,753$1,830$1,191$763$318
35 years$3,882$2,611$1,711$1,097$691$279
36 years$3,732$2,479$1,600$1,010$626$245
37 years$3,591$2,354$1,498$931$568$215
38 years$3,458$2,237$1,403$858$515$189
39 years$3,332$2,127$1,314$791$467$166
40 years$3,213$2,024$1,232$730$423$145
41 years$3,100$1,927$1,155$673$384$128
42 years$2,992$1,835$1,084$621$349$112
43 years$2,890$1,748$1,017$573$316$98
44 years$2,792$1,666$954$529$287$86
45 years$2,699$1,589$896$489$261$76
46 years$2,611$1,516$842$452$237$67
47 years$2,526$1,447$791$417$215$59
48 years$2,446$1,381$743$386$195$51
49 years$2,368$1,319$698$356$177$45
50 years$2,294$1,260$657$329$161$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,350,000, adding $3,367 every year, while hoping to spend $49,355 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: 30/40/30 Blend
63$2,350,000$2,350,000$2,350,000$2,350,000
64$2,593,173$2,468,623$2,432,198$2,647,031
65$2,805,163$2,537,072$2,461,163$2,758,190
66$3,037,123$2,607,221$2,489,445$2,873,179
67$3,291,035$2,679,101$2,516,967$2,995,919
68$3,569,087$2,752,744$2,543,652$3,127,123
69$3,873,685$2,828,179$2,569,415$3,267,573
70$4,207,479$2,905,437$2,594,169$3,418,131
71$4,573,388$2,984,550$2,617,820$3,579,745
72$4,974,627$3,065,547$2,640,271$3,753,462
73$5,414,738$3,148,458$2,661,418$3,940,433
74$5,897,620$3,233,311$2,681,155$4,141,925
75$6,427,569$3,320,135$2,699,365$4,359,336
76$7,009,317$3,408,958$2,715,930$4,594,204
77$7,648,077$3,499,807$2,730,723$4,848,224
78$8,349,591$3,592,707$2,743,612$5,123,266
79$9,120,183$3,687,683$2,754,457$5,421,388
80$9,966,822$3,784,760$2,763,112$5,744,858
81$10,897,184$3,883,960$2,769,423$6,096,175
82$11,919,727$3,985,303$2,773,228$6,478,095
83$13,043,766$4,088,810$2,774,358$6,893,652
84$14,279,566$4,194,497$2,772,634$7,346,194
85$15,638,435$4,302,382$2,767,872$7,839,408
86$17,132,834$4,412,477$2,759,874$8,377,357
87$18,776,488$4,524,794$2,748,435$8,964,522
88$20,584,523$4,639,341$2,733,340$9,605,840
89$22,573,601$4,756,126$2,714,364$10,306,752
90$24,762,084$4,875,151$2,691,270$11,073,257
91$27,170,199$4,996,417$2,663,811$11,911,965
92$29,820,238$5,119,919$2,631,727$12,830,165
93$32,736,759$5,245,652$2,594,746$13,835,889
94$35,946,823$5,373,603$2,552,585$14,937,990
95$39,480,247$5,503,758$2,504,945$16,146,227
96$43,369,886$5,636,096$2,451,514$17,471,357
97$47,651,942$5,770,593$2,391,968$18,925,238
98$52,366,305$5,907,217$2,325,964$20,520,938
99$57,556,930$6,045,932$2,253,145$22,272,864
100$63,272,250$6,186,696$2,173,139$24,196,894