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%11.9%
1 years$195,712$193,969$192,268$190,608$188,987$187,482
2 years$96,887$95,083$93,334$91,639$89,994$88,477
3 years$63,950$62,138$60,393$58,714$57,096$55,613
4 years$47,484$45,678$43,951$42,300$40,721$39,285
5 years$37,608$35,812$34,108$32,490$30,956$29,570
6 years$31,025$29,243$27,564$25,983$24,494$23,161
7 years$26,326$24,558$22,906$21,362$19,920$18,640
8 years$22,802$21,051$19,426$17,920$16,526$15,299
9 years$20,064$18,329$16,732$15,264$13,917$12,742
10 years$17,874$16,156$14,587$13,158$11,858$10,735
11 years$16,083$14,383$12,842$11,451$10,198$9,127
12 years$14,592$12,909$11,397$10,044$8,838$7,816
13 years$13,332$11,666$10,183$8,867$7,707$6,734
14 years$12,252$10,604$9,149$7,872$6,756$5,831
15 years$11,317$9,687$8,260$7,020$5,948$5,070
16 years$10,500$8,888$7,489$6,286$5,257$4,424
17 years$9,780$8,185$6,815$5,648$4,661$3,872
18 years$9,140$7,564$6,221$5,090$4,145$3,397
19 years$8,569$7,010$5,695$4,599$3,694$2,988
20 years$8,055$6,514$5,227$4,165$3,300$2,632
21 years$7,591$6,067$4,808$3,780$2,953$2,323
22 years$7,169$5,664$4,431$3,437$2,647$2,053
23 years$6,785$5,297$4,091$3,130$2,376$1,817
24 years$6,433$4,963$3,784$2,855$2,136$1,610
25 years$6,110$4,658$3,504$2,607$1,922$1,428
26 years$5,813$4,377$3,250$2,384$1,731$1,267
27 years$5,537$4,120$3,018$2,182$1,561$1,126
28 years$5,282$3,882$2,806$1,999$1,408$1,001
29 years$5,045$3,662$2,611$1,833$1,272$890
30 years$4,824$3,458$2,432$1,683$1,149$792
31 years$4,618$3,269$2,267$1,545$1,039$705
32 years$4,425$3,094$2,115$1,420$940$628
33 years$4,244$2,930$1,975$1,306$850$560
34 years$4,074$2,777$1,845$1,202$770$499
35 years$3,915$2,634$1,725$1,106$697$445
36 years$3,764$2,500$1,614$1,019$632$397
37 years$3,622$2,374$1,511$939$573$354
38 years$3,488$2,256$1,415$865$519$316
39 years$3,361$2,145$1,325$798$471$282
40 years$3,240$2,041$1,242$736$427$251
41 years$3,126$1,943$1,165$679$387$224
42 years$3,017$1,851$1,093$626$352$200
43 years$2,914$1,763$1,025$578$319$179
44 years$2,816$1,681$963$534$290$160
45 years$2,722$1,603$904$493$263$143
46 years$2,633$1,529$849$456$239$127
47 years$2,548$1,459$797$421$217$114
48 years$2,466$1,393$749$389$197$102
49 years$2,388$1,330$704$359$179$91
50 years$2,314$1,271$662$332$162$81

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 $3,697 every year, while hoping to spend $21,960 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: 27/50/23 Blend
63$2,370,000$2,370,000$2,370,000$2,370,000
64$2,615,553$2,489,943$2,453,208$2,667,119
65$2,858,975$2,588,585$2,512,026$2,806,889
66$3,126,489$2,691,325$2,572,077$2,954,691
67$3,420,530$2,798,339$2,633,381$3,112,927
68$3,743,781$2,909,814$2,695,956$3,282,496
69$4,099,195$3,025,944$2,759,819$3,464,385
70$4,490,028$3,146,931$2,824,989$3,659,672
71$4,919,867$3,272,986$2,891,482$3,869,540
72$5,392,663$3,404,332$2,959,316$4,095,284
73$5,912,770$3,541,199$3,028,508$4,338,325
74$6,484,984$3,683,830$3,099,075$4,600,222
75$7,114,591$3,832,476$3,171,032$4,882,683
76$7,807,414$3,987,402$3,244,397$5,187,584
77$8,569,870$4,148,885$3,319,184$5,516,981
78$9,409,029$4,317,212$3,395,409$5,873,135
79$10,332,681$4,492,686$3,473,086$6,258,525
80$11,349,408$4,675,622$3,552,228$6,675,872
81$12,468,670$4,866,350$3,632,850$7,128,168
82$13,700,888$5,065,215$3,714,964$7,618,698
83$15,057,545$5,272,577$3,798,582$8,151,070
84$16,551,295$5,488,813$3,883,715$8,729,250
85$18,196,081$5,714,318$3,970,372$9,357,595
86$20,007,266$5,949,505$4,058,565$10,040,896
87$22,001,780$6,194,804$4,148,300$10,784,418
88$24,198,279$6,450,666$4,239,585$11,593,950
89$26,617,318$6,717,564$4,332,426$12,475,857
90$29,281,550$6,995,990$4,426,828$13,437,140
91$32,215,936$7,286,461$4,522,794$14,485,496
92$35,447,981$7,589,517$4,620,327$15,629,394
93$39,007,993$7,905,722$4,719,427$16,878,148
94$42,929,373$8,235,667$4,820,092$18,242,005
95$47,248,925$8,579,970$4,922,321$19,732,239
96$52,007,205$8,939,278$5,026,108$21,361,257
97$57,248,904$9,314,267$5,131,447$23,142,709
98$63,023,271$9,705,645$5,238,329$25,091,617
99$69,384,575$10,114,152$5,346,744$27,224,514
100$76,392,620$10,540,564$5,456,678$29,559,598