Can I retire at age 64 with 2,370,000?

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 $2,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$195,712$193,969$192,268$190,608$188,987$182,282
2 years$96,887$95,083$93,334$91,639$89,994$83,310
3 years$63,950$62,138$60,393$58,714$57,096$50,643
4 years$47,484$45,678$43,951$42,300$40,721$34,549
5 years$37,608$35,812$34,108$32,490$30,956$25,080
6 years$31,025$29,243$27,564$25,983$24,494$18,920
7 years$26,326$24,558$22,906$21,362$19,920$14,646
8 years$22,802$21,051$19,426$17,920$16,526$11,548
9 years$20,064$18,329$16,732$15,264$13,917$9,228
10 years$17,874$16,156$14,587$13,158$11,858$7,450
11 years$16,083$14,383$12,842$11,451$10,198$6,063
12 years$14,592$12,909$11,397$10,044$8,838$4,964
13 years$13,332$11,666$10,183$8,867$7,707$4,085
14 years$12,252$10,604$9,149$7,872$6,756$3,375
15 years$11,317$9,687$8,260$7,020$5,948$2,797
16 years$10,500$8,888$7,489$6,286$5,257$2,325
17 years$9,780$8,185$6,815$5,648$4,661$1,936
18 years$9,140$7,564$6,221$5,090$4,145$1,615
19 years$8,569$7,010$5,695$4,599$3,694$1,349
20 years$8,055$6,514$5,227$4,165$3,300$1,129
21 years$7,591$6,067$4,808$3,780$2,953$945
22 years$7,169$5,664$4,431$3,437$2,647$792
23 years$6,785$5,297$4,091$3,130$2,376$664
24 years$6,433$4,963$3,784$2,855$2,136$558
25 years$6,110$4,658$3,504$2,607$1,922$468
26 years$5,813$4,377$3,250$2,384$1,731$393
27 years$5,537$4,120$3,018$2,182$1,561$330
28 years$5,282$3,882$2,806$1,999$1,408$278
29 years$5,045$3,662$2,611$1,833$1,272$233
30 years$4,824$3,458$2,432$1,683$1,149$196
31 years$4,618$3,269$2,267$1,545$1,039$165
32 years$4,425$3,094$2,115$1,420$940$139
33 years$4,244$2,930$1,975$1,306$850$117
34 years$4,074$2,777$1,845$1,202$770$98
35 years$3,915$2,634$1,725$1,106$697$83
36 years$3,764$2,500$1,614$1,019$632$70
37 years$3,622$2,374$1,511$939$573$59
38 years$3,488$2,256$1,415$865$519$49
39 years$3,361$2,145$1,325$798$471$41
40 years$3,240$2,041$1,242$736$427$35
41 years$3,126$1,943$1,165$679$387$29
42 years$3,017$1,851$1,093$626$352$25
43 years$2,914$1,763$1,025$578$319$21
44 years$2,816$1,681$963$534$290$18
45 years$2,722$1,603$904$493$263$15
46 years$2,633$1,529$849$456$239$12
47 years$2,548$1,459$797$421$217$10
48 years$2,466$1,393$749$389$197$9
49 years$2,388$1,330$704$359$179$7
50 years$2,314$1,271$662$332$162$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,370,000, adding $5,930 every year, while hoping to spend $23,452 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: 60/25/15 Blend
63$2,370,000$2,370,000$2,370,000$2,370,000
64$2,617,857$2,492,247$2,455,512$2,764,704
65$2,859,925$2,589,414$2,512,819$2,961,564
66$3,125,899$2,690,557$2,571,259$3,173,072
67$3,418,191$2,795,844$2,630,847$3,403,249
68$3,739,461$2,905,455$2,691,595$3,653,901
69$4,092,637$3,019,574$2,753,514$3,927,015
70$4,480,948$3,138,395$2,816,619$4,224,780
71$4,907,949$3,262,120$2,880,919$4,549,600
72$5,377,556$3,390,961$2,946,427$4,904,123
73$5,894,088$3,525,138$3,013,153$5,291,262
74$6,462,298$3,664,883$3,081,107$5,714,224
75$7,087,426$3,810,436$3,150,298$6,176,538
76$7,775,246$3,962,050$3,220,735$6,682,089
77$8,532,118$4,119,987$3,292,426$7,235,152
78$9,365,050$4,284,523$3,365,379$7,840,435
79$10,281,765$4,455,944$3,439,599$8,503,121
80$11,290,771$4,634,552$3,515,092$9,228,914
81$12,401,445$4,820,660$3,591,862$10,024,098
82$13,624,116$5,014,596$3,669,914$10,895,589
83$14,970,168$5,216,703$3,749,248$11,851,005
84$16,452,144$5,427,340$3,829,866$12,898,732
85$18,083,864$5,646,882$3,911,768$14,048,008
86$19,880,558$5,875,719$3,994,953$15,309,006
87$21,859,007$6,114,261$4,079,416$16,692,926
88$24,037,704$6,362,938$4,165,154$18,212,109
89$26,437,023$6,622,195$4,252,160$19,880,143
90$29,079,418$6,892,501$4,340,426$21,711,996
91$31,989,630$7,174,346$4,429,942$23,724,153
92$35,194,924$7,468,240$4,520,697$25,934,775
93$38,725,342$7,774,720$4,612,676$28,363,863
94$42,613,989$8,094,343$4,705,863$31,033,451
95$46,897,347$8,427,697$4,800,240$33,967,811
96$51,615,613$8,775,391$4,895,785$37,193,680
97$56,813,088$9,138,067$4,992,476$40,740,513
98$62,538,584$9,516,393$5,090,285$44,640,756
99$68,845,893$9,911,070$5,189,183$48,930,156
100$75,794,291$10,322,830$5,289,138$53,648,094