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

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 $2,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$195,712$193,969$192,268$190,608$188,987$185,399
2 years$96,887$95,083$93,334$91,639$89,994$86,393
3 years$63,950$62,138$60,393$58,714$57,096$53,594
4 years$47,484$45,678$43,951$42,300$40,721$37,346
5 years$37,608$35,812$34,108$32,490$30,956$27,716
6 years$31,025$29,243$27,564$25,983$24,494$21,394
7 years$26,326$24,558$22,906$21,362$19,920$16,961
8 years$22,802$21,051$19,426$17,920$16,526$13,706
9 years$20,064$18,329$16,732$15,264$13,917$11,235
10 years$17,874$16,156$14,587$13,158$11,858$9,311
11 years$16,083$14,383$12,842$11,451$10,198$7,784
12 years$14,592$12,909$11,397$10,044$8,838$6,552
13 years$13,332$11,666$10,183$8,867$7,707$5,546
14 years$12,252$10,604$9,149$7,872$6,756$4,717
15 years$11,317$9,687$8,260$7,020$5,948$4,026
16 years$10,500$8,888$7,489$6,286$5,257$3,448
17 years$9,780$8,185$6,815$5,648$4,661$2,961
18 years$9,140$7,564$6,221$5,090$4,145$2,548
19 years$8,569$7,010$5,695$4,599$3,694$2,197
20 years$8,055$6,514$5,227$4,165$3,300$1,898
21 years$7,591$6,067$4,808$3,780$2,953$1,641
22 years$7,169$5,664$4,431$3,437$2,647$1,421
23 years$6,785$5,297$4,091$3,130$2,376$1,232
24 years$6,433$4,963$3,784$2,855$2,136$1,069
25 years$6,110$4,658$3,504$2,607$1,922$928
26 years$5,813$4,377$3,250$2,384$1,731$806
27 years$5,537$4,120$3,018$2,182$1,561$701
28 years$5,282$3,882$2,806$1,999$1,408$609
29 years$5,045$3,662$2,611$1,833$1,272$530
30 years$4,824$3,458$2,432$1,683$1,149$462
31 years$4,618$3,269$2,267$1,545$1,039$402
32 years$4,425$3,094$2,115$1,420$940$350
33 years$4,244$2,930$1,975$1,306$850$305
34 years$4,074$2,777$1,845$1,202$770$266
35 years$3,915$2,634$1,725$1,106$697$232
36 years$3,764$2,500$1,614$1,019$632$202
37 years$3,622$2,374$1,511$939$573$176
38 years$3,488$2,256$1,415$865$519$153
39 years$3,361$2,145$1,325$798$471$134
40 years$3,240$2,041$1,242$736$427$117
41 years$3,126$1,943$1,165$679$387$102
42 years$3,017$1,851$1,093$626$352$89
43 years$2,914$1,763$1,025$578$319$77
44 years$2,816$1,681$963$534$290$68
45 years$2,722$1,603$904$493$263$59
46 years$2,633$1,529$849$456$239$51
47 years$2,548$1,459$797$421$217$45
48 years$2,466$1,393$749$389$197$39
49 years$2,388$1,330$704$359$179$34
50 years$2,314$1,271$662$332$162$30

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 $5,948 every year, while hoping to spend $36,645 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: 79/15/6 Blend
63$2,370,000$2,370,000$2,370,000$2,370,000
64$2,617,875$2,492,265$2,455,530$2,822,944
65$2,845,909$2,575,396$2,498,801$3,041,287
66$3,095,973$2,661,373$2,542,292$3,275,324
67$3,370,277$2,750,295$2,585,974$3,530,942
68$3,671,254$2,842,267$2,629,812$3,810,274
69$4,001,582$2,937,399$2,673,771$4,115,667
70$4,364,213$3,035,801$2,717,812$4,449,706
71$4,762,398$3,137,591$2,761,895$4,815,238
72$5,199,719$3,242,889$2,805,974$5,215,396
73$5,680,121$3,351,821$2,850,005$5,653,632
74$6,207,950$3,464,516$2,893,936$6,133,747
75$6,787,993$3,581,110$2,937,716$6,659,928
76$7,425,526$3,701,743$2,981,287$7,236,786
77$8,126,360$3,826,558$3,024,590$7,869,398
78$8,896,897$3,955,708$3,067,563$8,563,359
79$9,744,191$4,089,348$3,110,136$9,324,830
80$10,676,013$4,227,640$3,152,240$10,160,597
81$11,700,925$4,370,753$3,193,799$11,078,136
82$12,828,360$4,518,861$3,234,732$12,085,684
83$14,068,713$4,672,146$3,274,956$13,192,311
84$15,433,436$4,830,795$3,314,381$14,408,013
85$16,935,147$4,995,004$3,352,913$15,743,799
86$18,587,748$5,164,976$3,390,452$17,211,798
87$20,406,559$5,340,920$3,426,893$18,825,375
88$22,408,458$5,523,056$3,462,124$20,599,251
89$24,612,045$5,711,610$3,496,030$22,549,647
90$27,037,813$5,906,818$3,528,485$24,694,433
91$29,708,342$6,108,924$3,559,362$27,053,298
92$32,648,514$6,318,182$3,588,522$29,647,935
93$35,885,746$6,534,857$3,615,821$32,502,247
94$39,450,249$6,759,222$3,641,108$35,642,567
95$43,375,312$6,991,562$3,664,223$39,097,912
96$47,697,618$7,232,172$3,684,998$42,900,253
97$52,457,586$7,481,360$3,703,257$47,084,817
98$57,699,758$7,739,444$3,718,814$51,690,419
99$63,473,214$8,006,757$3,731,474$56,759,828
100$69,832,036$8,283,643$3,741,033$62,340,170