Can I retire at age 64 with 2,380,000?

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$196,538$194,788$193,080$191,412$189,785$182,399
2 years$97,296$95,484$93,728$92,025$90,374$83,022
3 years$64,220$62,400$60,648$58,961$57,337$50,250
4 years$47,685$45,871$44,136$42,478$40,893$34,126
5 years$37,766$35,963$34,252$32,627$31,086$24,656
6 years$31,156$29,367$27,680$26,092$24,597$18,508
7 years$26,437$24,662$23,003$21,452$20,004$14,254
8 years$22,899$21,140$19,508$17,996$16,596$11,178
9 years$20,148$18,406$16,802$15,328$13,976$8,884
10 years$17,949$16,224$14,649$13,213$11,908$7,131
11 years$16,151$14,443$12,896$11,499$10,241$5,769
12 years$14,654$12,964$11,445$10,086$8,875$4,696
13 years$13,388$11,715$10,226$8,905$7,739$3,840
14 years$12,304$10,649$9,188$7,905$6,784$3,153
15 years$11,365$9,728$8,295$7,050$5,973$2,596
16 years$10,544$8,925$7,521$6,312$5,279$2,144
17 years$9,821$8,220$6,844$5,671$4,681$1,773
18 years$9,179$7,595$6,247$5,111$4,162$1,470
19 years$8,605$7,039$5,719$4,618$3,710$1,220
20 years$8,089$6,541$5,249$4,183$3,314$1,013
21 years$7,623$6,093$4,828$3,796$2,965$843
22 years$7,199$5,688$4,450$3,452$2,658$701
23 years$6,814$5,319$4,108$3,143$2,386$584
24 years$6,460$4,984$3,800$2,867$2,145$486
25 years$6,136$4,677$3,519$2,618$1,930$406
26 years$5,837$4,396$3,264$2,394$1,738$338
27 years$5,561$4,137$3,031$2,191$1,567$282
28 years$5,305$3,898$2,818$2,008$1,414$235
29 years$5,066$3,678$2,622$1,841$1,277$196
30 years$4,845$3,473$2,442$1,690$1,154$164
31 years$4,638$3,283$2,277$1,552$1,043$137
32 years$4,444$3,107$2,124$1,426$944$114
33 years$4,262$2,942$1,983$1,311$854$95
34 years$4,092$2,788$1,853$1,207$773$80
35 years$3,931$2,645$1,733$1,111$700$67
36 years$3,780$2,510$1,621$1,023$634$56
37 years$3,637$2,384$1,517$943$575$46
38 years$3,502$2,266$1,421$869$521$39
39 years$3,375$2,155$1,331$801$473$32
40 years$3,254$2,050$1,248$739$429$27
41 years$3,139$1,951$1,170$682$389$23
42 years$3,030$1,858$1,097$629$353$19
43 years$2,926$1,771$1,030$581$320$16
44 years$2,828$1,688$967$536$291$13
45 years$2,734$1,609$908$495$264$11
46 years$2,644$1,535$852$457$240$9
47 years$2,559$1,465$801$423$218$8
48 years$2,477$1,399$753$391$198$6
49 years$2,399$1,336$707$361$180$5
50 years$2,324$1,276$665$334$163$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,380,000, adding $2,893 every year, while hoping to spend $37,229 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: 31/39/30 Blend
63$2,380,000$2,380,000$2,380,000$2,380,000
64$2,625,744$2,499,604$2,462,714$2,683,003
65$2,853,959$2,582,473$2,505,604$2,810,755
66$3,104,203$2,668,155$2,548,682$2,944,729
67$3,378,686$2,756,749$2,591,917$3,088,226
68$3,679,838$2,848,356$2,635,272$3,242,106
69$4,010,338$2,943,082$2,678,711$3,407,316
70$4,373,137$3,041,037$2,722,192$3,584,897
71$4,771,484$3,142,335$2,765,672$3,775,992
72$5,208,960$3,247,094$2,809,107$3,981,858
73$5,689,508$3,355,435$2,852,446$4,203,878
74$6,217,472$3,467,486$2,895,637$4,443,571
75$6,797,640$3,583,379$2,938,626$4,702,610
76$7,435,283$3,703,248$2,981,354$4,982,832
77$8,136,210$3,827,236$3,023,758$5,286,262
78$8,906,822$3,955,489$3,065,773$5,615,125
79$9,754,169$4,088,159$3,107,327$5,971,869
80$10,686,019$4,225,403$3,148,347$6,359,191
81$11,710,931$4,367,386$3,188,755$6,780,058
82$12,838,334$4,514,277$3,228,467$7,237,733
83$14,078,619$4,666,251$3,267,395$7,735,811
84$15,443,232$4,823,491$3,305,447$8,278,249
85$16,944,786$4,986,187$3,342,524$8,869,403
86$18,597,179$5,154,534$3,378,523$9,514,069
87$20,415,723$5,328,738$3,413,335$10,217,527
88$22,417,289$5,509,008$3,446,844$10,985,592
89$24,620,469$5,695,566$3,478,929$11,824,668
90$27,045,746$5,888,638$3,509,463$12,741,805
91$29,715,692$6,088,462$3,538,311$13,744,771
92$32,655,179$6,295,282$3,565,330$14,842,118
93$35,891,610$6,509,354$3,590,371$16,043,266
94$39,455,184$6,730,942$3,613,278$17,358,591
95$43,379,175$6,960,320$3,633,885$18,799,521
96$47,700,249$7,197,775$3,652,019$20,378,646
97$52,458,809$7,443,601$3,667,496$22,109,832
98$57,699,377$7,698,106$3,680,126$24,008,356
99$63,471,010$7,961,610$3,689,707$26,091,045
100$69,827,768$8,234,443$3,696,027$28,376,437