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

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$194,887$193,151$191,457$189,804$188,190$181,224
2 years$96,479$94,682$92,940$91,252$89,614$82,675
3 years$63,680$61,876$60,139$58,466$56,855$50,161
4 years$47,284$45,485$43,765$42,121$40,549$34,151
5 years$37,449$35,661$33,964$32,353$30,825$24,739
6 years$30,895$29,120$27,448$25,873$24,391$18,622
7 years$26,215$24,455$22,809$21,272$19,836$14,382
8 years$22,706$20,962$19,344$17,844$16,456$11,313
9 years$19,979$18,251$16,661$15,199$13,858$9,018
10 years$17,798$16,088$14,525$13,102$11,808$7,262
11 years$16,015$14,322$12,788$11,403$10,155$5,894
12 years$14,531$12,855$11,349$10,002$8,800$4,814
13 years$13,275$11,617$10,140$8,830$7,674$3,950
14 years$12,200$10,559$9,110$7,838$6,727$3,254
15 years$11,269$9,646$8,226$6,990$5,923$2,690
16 years$10,456$8,850$7,458$6,259$5,235$2,229
17 years$9,738$8,151$6,786$5,624$4,642$1,851
18 years$9,102$7,532$6,195$5,068$4,127$1,539
19 years$8,532$6,980$5,671$4,580$3,679$1,282
20 years$8,021$6,486$5,205$4,148$3,286$1,069
21 years$7,559$6,042$4,787$3,764$2,940$893
22 years$7,139$5,640$4,412$3,423$2,636$746
23 years$6,756$5,275$4,074$3,117$2,366$624
24 years$6,406$4,942$3,768$2,843$2,127$522
25 years$6,084$4,638$3,490$2,596$1,914$437
26 years$5,788$4,359$3,236$2,374$1,724$365
27 years$5,514$4,102$3,005$2,173$1,554$306
28 years$5,260$3,866$2,794$1,991$1,402$256
29 years$5,024$3,647$2,600$1,826$1,266$215
30 years$4,804$3,444$2,422$1,675$1,144$180
31 years$4,599$3,256$2,258$1,539$1,034$151
32 years$4,407$3,080$2,106$1,414$936$127
33 years$4,226$2,917$1,967$1,300$847$106
34 years$4,057$2,765$1,838$1,197$767$89
35 years$3,898$2,622$1,718$1,101$694$75
36 years$3,748$2,489$1,607$1,014$629$63
37 years$3,607$2,364$1,504$935$570$52
38 years$3,473$2,247$1,409$862$517$44
39 years$3,346$2,136$1,320$794$469$37
40 years$3,226$2,033$1,237$733$425$31
41 years$3,113$1,935$1,160$676$386$26
42 years$3,005$1,843$1,088$624$350$22
43 years$2,902$1,756$1,021$576$318$18
44 years$2,804$1,674$958$532$288$15
45 years$2,711$1,596$900$491$262$13
46 years$2,622$1,522$845$454$238$11
47 years$2,537$1,453$794$419$216$9
48 years$2,456$1,387$746$387$196$8
49 years$2,378$1,324$701$358$178$6
50 years$2,304$1,265$659$331$162$5

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 $3,483 every year, while hoping to spend $21,485 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: 65/30/5 Blend
63$2,360,000$2,360,000$2,360,000$2,360,000
64$2,604,313$2,479,233$2,442,653$2,771,611
65$2,847,093$2,577,855$2,501,622$2,981,785
66$3,113,916$2,680,590$2,561,846$3,208,413
67$3,407,213$2,787,616$2,623,345$3,455,422
68$3,729,660$2,899,121$2,686,138$3,724,789
69$4,084,206$3,015,298$2,750,245$4,018,690
70$4,474,101$3,136,354$2,815,684$4,339,516
71$4,902,924$3,262,500$2,882,474$4,689,901
72$5,374,619$3,393,960$2,950,634$5,072,741
73$5,893,533$3,530,966$3,020,183$5,491,223
74$6,464,453$3,673,763$3,091,139$5,948,854
75$7,092,655$3,822,606$3,163,520$6,449,495
76$7,783,952$3,977,759$3,237,344$6,997,394
77$8,544,748$4,139,503$3,312,628$7,597,227
78$9,382,101$4,308,127$3,389,389$8,254,142
79$10,303,786$4,483,936$3,467,645$8,973,804
80$11,318,371$4,667,248$3,547,410$9,762,454
81$12,435,297$4,858,395$3,628,700$10,626,958
82$13,664,968$5,057,726$3,711,532$11,574,878
83$15,018,844$5,265,605$3,795,918$12,614,541
84$16,509,557$5,482,410$3,881,872$13,755,113
85$18,151,025$5,708,542$3,969,408$15,006,691
86$19,958,584$5,944,415$4,058,537$16,380,391
87$21,949,133$6,190,464$4,149,272$17,888,456
88$24,141,293$6,447,145$4,241,621$19,544,367
89$26,555,584$6,714,934$4,335,594$21,362,974
90$29,214,616$6,994,329$4,431,199$23,360,631
91$32,143,307$7,285,851$4,528,444$25,555,348
92$35,369,111$7,590,044$4,627,334$27,966,965
93$38,922,283$7,907,479$4,727,872$30,617,332
94$42,836,163$8,238,753$4,830,063$33,530,518
95$47,147,489$8,584,489$4,933,907$36,733,036
96$51,896,744$8,945,340$5,039,404$40,254,090
97$57,128,539$9,321,989$5,146,552$44,125,850
98$62,892,035$9,715,152$5,255,347$48,383,753
99$69,241,404$10,125,576$5,365,782$53,066,838
100$76,236,342$10,554,043$5,477,850$58,218,113