Can I retire at age 64 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$194,887$193,151$191,457$189,804$188,190$184,920
2 years$96,479$94,682$92,940$91,252$89,614$86,330
3 years$63,680$61,876$60,139$58,466$56,855$53,660
4 years$47,284$45,485$43,765$42,121$40,549$37,467
5 years$37,449$35,661$33,964$32,353$30,825$27,865
6 years$30,895$29,120$27,448$25,873$24,391$21,556
7 years$26,215$24,455$22,809$21,272$19,836$17,127
8 years$22,706$20,962$19,344$17,844$16,456$13,872
9 years$19,979$18,251$16,661$15,199$13,858$11,399
10 years$17,798$16,088$14,525$13,102$11,808$9,470
11 years$16,015$14,322$12,788$11,403$10,155$7,937
12 years$14,531$12,855$11,349$10,002$8,800$6,698
13 years$13,275$11,617$10,140$8,830$7,674$5,685
14 years$12,200$10,559$9,110$7,838$6,727$4,848
15 years$11,269$9,646$8,226$6,990$5,923$4,150
16 years$10,456$8,850$7,458$6,259$5,235$3,564
17 years$9,738$8,151$6,786$5,624$4,642$3,069
18 years$9,102$7,532$6,195$5,068$4,127$2,649
19 years$8,532$6,980$5,671$4,580$3,679$2,291
20 years$8,021$6,486$5,205$4,148$3,286$1,984
21 years$7,559$6,042$4,787$3,764$2,940$1,721
22 years$7,139$5,640$4,412$3,423$2,636$1,495
23 years$6,756$5,275$4,074$3,117$2,366$1,300
24 years$6,406$4,942$3,768$2,843$2,127$1,131
25 years$6,084$4,638$3,490$2,596$1,914$985
26 years$5,788$4,359$3,236$2,374$1,724$859
27 years$5,514$4,102$3,005$2,173$1,554$749
28 years$5,260$3,866$2,794$1,991$1,402$654
29 years$5,024$3,647$2,600$1,826$1,266$571
30 years$4,804$3,444$2,422$1,675$1,144$498
31 years$4,599$3,256$2,258$1,539$1,034$435
32 years$4,407$3,080$2,106$1,414$936$380
33 years$4,226$2,917$1,967$1,300$847$332
34 years$4,057$2,765$1,838$1,197$767$291
35 years$3,898$2,622$1,718$1,101$694$254
36 years$3,748$2,489$1,607$1,014$629$222
37 years$3,607$2,364$1,504$935$570$194
38 years$3,473$2,247$1,409$862$517$170
39 years$3,346$2,136$1,320$794$469$149
40 years$3,226$2,033$1,237$733$425$130
41 years$3,113$1,935$1,160$676$386$114
42 years$3,005$1,843$1,088$624$350$100
43 years$2,902$1,756$1,021$576$318$87
44 years$2,804$1,674$958$532$288$76
45 years$2,711$1,596$900$491$262$67
46 years$2,622$1,522$845$454$238$59
47 years$2,537$1,453$794$419$216$51
48 years$2,456$1,387$746$387$196$45
49 years$2,378$1,324$701$358$178$39
50 years$2,304$1,265$659$331$162$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,360,000, adding $3,492 every year, while hoping to spend $45,378 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: 67/20/13 Blend
63$2,360,000$2,360,000$2,360,000$2,360,000
64$2,604,322$2,479,242$2,442,662$2,770,907
65$2,821,681$2,552,443$2,476,209$2,955,537
66$3,059,690$2,627,710$2,509,360$3,151,638
67$3,320,407$2,705,096$2,542,052$3,364,893
68$3,606,098$2,784,656$2,574,221$3,596,978
69$3,919,262$2,866,446$2,605,798$3,849,739
70$4,262,646$2,950,521$2,636,712$4,125,208
71$4,639,279$3,036,940$2,666,885$4,425,622
72$5,052,497$3,125,761$2,696,237$4,753,447
73$5,505,973$3,217,045$2,724,683$5,111,396
74$6,003,755$3,310,853$2,752,132$5,502,458
75$6,550,300$3,407,247$2,778,491$5,929,924
76$7,150,519$3,506,290$2,803,659$6,397,422
77$7,809,821$3,608,047$2,827,530$6,908,943
78$8,534,165$3,712,584$2,849,995$7,468,887
79$9,330,116$3,819,967$2,870,936$8,082,100
80$10,204,906$3,930,264$2,890,230$8,753,919
81$11,166,503$4,043,543$2,907,750$9,490,224
82$12,223,685$4,159,876$2,923,358$10,297,494
83$13,386,123$4,279,331$2,936,912$11,182,863
84$14,664,471$4,401,982$2,948,263$12,154,196
85$16,070,470$4,527,902$2,957,252$13,220,152
86$17,617,052$4,657,163$2,963,714$14,390,276
87$19,318,468$4,789,842$2,967,476$15,675,082
88$21,190,420$4,926,012$2,968,355$17,086,154
89$23,250,208$5,065,751$2,966,159$18,636,256
90$25,516,892$5,209,136$2,960,688$20,339,451
91$28,011,476$5,356,244$2,951,732$22,211,234
92$30,757,100$5,507,155$2,939,069$24,268,679
93$33,779,265$5,661,946$2,922,469$26,530,599
94$37,106,066$5,820,697$2,901,687$29,017,722
95$40,768,463$5,983,489$2,876,472$31,752,890
96$44,800,567$6,150,401$2,846,555$34,761,271
97$49,239,969$6,321,514$2,811,658$38,070,598
98$54,128,086$6,496,909$2,771,489$41,711,430
99$59,510,559$6,676,666$2,725,742$45,717,441
100$65,437,678$6,860,865$2,674,097$50,125,736