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%17.3%
1 years$195,712$193,969$192,268$190,608$188,987$183,378
2 years$96,887$95,083$93,334$91,639$89,994$84,389
3 years$63,950$62,138$60,393$58,714$57,096$51,671
4 years$47,484$45,678$43,951$42,300$40,721$35,519
5 years$37,608$35,812$34,108$32,490$30,956$25,989
6 years$31,025$29,243$27,564$25,983$24,494$19,767
7 years$26,326$24,558$22,906$21,362$19,920$15,434
8 years$22,802$21,051$19,426$17,920$16,526$12,277
9 years$20,064$18,329$16,732$15,264$13,917$9,901
10 years$17,874$16,156$14,587$13,158$11,858$8,069
11 years$16,083$14,383$12,842$11,451$10,198$6,630
12 years$14,592$12,909$11,397$10,044$8,838$5,484
13 years$13,332$11,666$10,183$8,867$7,707$4,559
14 years$12,252$10,604$9,149$7,872$6,756$3,806
15 years$11,317$9,687$8,260$7,020$5,948$3,188
16 years$10,500$8,888$7,489$6,286$5,257$2,678
17 years$9,780$8,185$6,815$5,648$4,661$2,255
18 years$9,140$7,564$6,221$5,090$4,145$1,902
19 years$8,569$7,010$5,695$4,599$3,694$1,608
20 years$8,055$6,514$5,227$4,165$3,300$1,360
21 years$7,591$6,067$4,808$3,780$2,953$1,152
22 years$7,169$5,664$4,431$3,437$2,647$977
23 years$6,785$5,297$4,091$3,130$2,376$829
24 years$6,433$4,963$3,784$2,855$2,136$704
25 years$6,110$4,658$3,504$2,607$1,922$598
26 years$5,813$4,377$3,250$2,384$1,731$509
27 years$5,537$4,120$3,018$2,182$1,561$433
28 years$5,282$3,882$2,806$1,999$1,408$368
29 years$5,045$3,662$2,611$1,833$1,272$313
30 years$4,824$3,458$2,432$1,683$1,149$267
31 years$4,618$3,269$2,267$1,545$1,039$227
32 years$4,425$3,094$2,115$1,420$940$193
33 years$4,244$2,930$1,975$1,306$850$165
34 years$4,074$2,777$1,845$1,202$770$140
35 years$3,915$2,634$1,725$1,106$697$120
36 years$3,764$2,500$1,614$1,019$632$102
37 years$3,622$2,374$1,511$939$573$87
38 years$3,488$2,256$1,415$865$519$74
39 years$3,361$2,145$1,325$798$471$63
40 years$3,240$2,041$1,242$736$427$54
41 years$3,126$1,943$1,165$679$387$46
42 years$3,017$1,851$1,093$626$352$39
43 years$2,914$1,763$1,025$578$319$33
44 years$2,816$1,681$963$534$290$28
45 years$2,722$1,603$904$493$263$24
46 years$2,633$1,529$849$456$239$21
47 years$2,548$1,459$797$421$217$18
48 years$2,466$1,393$749$389$197$15
49 years$2,388$1,330$704$359$179$13
50 years$2,314$1,271$662$332$162$11

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 $4,184 every year, while hoping to spend $32,565 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: 80/14/6 Blend
63$2,370,000$2,370,000$2,370,000$2,370,000
64$2,616,056$2,490,446$2,453,711$2,823,826
65$2,848,245$2,577,829$2,501,261$3,047,830
66$3,103,025$2,668,402$2,549,313$3,288,825
67$3,382,668$2,762,288$2,597,849$3,552,257
68$3,689,672$2,859,612$2,646,849$3,840,349
69$4,026,793$2,960,508$2,696,294$4,155,547
70$4,397,065$3,065,112$2,746,158$4,500,545
71$4,803,831$3,173,567$2,796,419$4,878,309
72$5,250,771$3,286,022$2,847,049$5,292,105
73$5,741,944$3,402,630$2,898,019$5,745,532
74$6,281,817$3,523,554$2,949,298$6,242,549
75$6,875,315$3,648,961$3,000,852$6,787,521
76$7,527,861$3,779,024$3,052,644$7,385,253
77$8,245,431$3,913,924$3,104,636$8,041,038
78$9,034,610$4,053,852$3,156,787$8,760,705
79$9,902,652$4,199,002$3,209,051$9,550,676
80$10,857,549$4,349,580$3,261,381$10,418,025
81$11,908,108$4,505,798$3,313,726$11,370,543
82$13,064,032$4,667,879$3,366,032$12,416,814
83$14,336,010$4,836,052$3,418,241$13,566,292
84$15,735,822$5,010,558$3,470,292$14,829,395
85$17,276,448$5,191,647$3,522,118$16,217,598
86$18,972,189$5,379,581$3,573,652$17,743,541
87$20,838,801$5,574,629$3,624,818$19,421,154
88$22,893,649$5,777,076$3,675,540$21,265,779
89$25,155,863$5,987,215$3,725,733$23,294,323
90$27,646,526$6,205,354$3,775,310$25,525,409
91$30,388,867$6,431,811$3,824,178$27,979,559
92$33,408,482$6,666,920$3,872,238$30,679,381
93$36,733,576$6,911,028$3,919,387$33,649,785
94$40,395,228$7,164,496$3,965,514$36,918,218
95$44,427,687$7,427,702$4,010,504$40,514,921
96$48,868,688$7,701,037$4,054,233$44,473,212
97$53,759,818$7,984,910$4,096,573$48,829,804
98$59,146,897$8,279,749$4,137,387$53,625,151
99$65,080,422$8,585,998$4,176,530$58,903,825
100$71,616,033$8,904,120$4,213,852$64,714,937