Can I retire at age 64 with 2,390,000?

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$197,364$195,606$193,891$192,217$190,582$189,699
2 years$97,705$95,885$94,122$92,412$90,753$89,862
3 years$64,490$62,662$60,903$59,209$57,578$56,706
4 years$47,885$46,063$44,322$42,657$41,065$40,219
5 years$37,925$36,114$34,396$32,765$31,217$30,400
6 years$31,287$29,490$27,797$26,202$24,701$23,913
7 years$26,548$24,766$23,099$21,542$20,088$19,331
8 years$22,995$21,229$19,590$18,071$16,665$15,937
9 years$20,233$18,483$16,873$15,393$14,035$13,337
10 years$18,025$16,292$14,710$13,269$11,958$11,290
11 years$16,219$14,504$12,951$11,548$10,284$9,645
12 years$14,715$13,018$11,493$10,129$8,912$8,302
13 years$13,444$11,764$10,268$8,942$7,772$7,189
14 years$12,355$10,694$9,226$7,938$6,813$6,257
15 years$11,413$9,769$8,330$7,079$5,998$5,470
16 years$10,589$8,963$7,552$6,339$5,301$4,799
17 years$9,862$8,254$6,872$5,695$4,701$4,223
18 years$9,217$7,627$6,274$5,133$4,180$3,727
19 years$8,641$7,069$5,743$4,638$3,725$3,296
20 years$8,123$6,569$5,271$4,200$3,327$2,921
21 years$7,655$6,119$4,848$3,812$2,978$2,593
22 years$7,230$5,711$4,468$3,466$2,669$2,306
23 years$6,842$5,342$4,126$3,157$2,396$2,053
24 years$6,488$5,005$3,816$2,879$2,154$1,830
25 years$6,162$4,697$3,534$2,629$1,938$1,633
26 years$5,862$4,414$3,278$2,404$1,746$1,459
27 years$5,584$4,154$3,044$2,201$1,574$1,304
28 years$5,327$3,915$2,829$2,016$1,420$1,166
29 years$5,088$3,693$2,633$1,849$1,282$1,044
30 years$4,865$3,488$2,453$1,697$1,159$935
31 years$4,657$3,297$2,286$1,558$1,047$838
32 years$4,463$3,120$2,133$1,432$948$751
33 years$4,280$2,954$1,992$1,317$858$674
34 years$4,109$2,800$1,861$1,212$776$605
35 years$3,948$2,656$1,740$1,115$703$543
36 years$3,796$2,521$1,628$1,027$637$487
37 years$3,653$2,394$1,523$947$577$437
38 years$3,517$2,275$1,427$872$524$393
39 years$3,389$2,164$1,337$804$475$353
40 years$3,268$2,058$1,253$742$431$317
41 years$3,152$1,959$1,175$685$391$285
42 years$3,043$1,866$1,102$632$354$256
43 years$2,939$1,778$1,034$583$322$230
44 years$2,840$1,695$971$538$292$207
45 years$2,745$1,616$911$497$265$186
46 years$2,655$1,542$856$459$241$167
47 years$2,569$1,471$804$424$219$151
48 years$2,487$1,405$756$392$198$135
49 years$2,409$1,341$710$362$180$122
50 years$2,333$1,281$668$335$164$110

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,390,000, adding $3,866 every year, while hoping to spend $32,499 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: 74/7/19 Blend
63$2,390,000$2,390,000$2,390,000$2,390,000
64$2,637,768$2,511,098$2,474,053$2,820,914
65$2,872,241$2,599,563$2,522,355$3,031,392
66$3,129,542$2,691,274$2,571,186$3,257,632
67$3,411,964$2,786,355$2,620,529$3,504,708
68$3,722,034$2,884,935$2,670,366$3,774,688
69$4,062,536$2,987,152$2,720,678$4,069,847
70$4,436,535$3,093,143$2,771,442$4,392,693
71$4,847,411$3,203,056$2,822,634$4,745,985
72$5,298,884$3,317,043$2,874,230$5,132,766
73$5,795,054$3,435,262$2,926,200$5,556,384
74$6,340,437$3,557,878$2,978,516$6,020,529
75$6,940,010$3,685,062$3,031,144$6,529,265
76$7,599,254$3,816,992$3,084,050$7,087,068
77$8,324,208$3,953,855$3,137,196$7,698,871
78$9,121,528$4,095,845$3,190,542$8,370,105
79$9,998,543$4,243,161$3,244,046$9,106,757
80$10,963,334$4,396,015$3,297,660$9,915,419
81$12,024,798$4,554,624$3,351,336$10,803,356
82$13,192,742$4,719,215$3,405,020$11,778,572
83$14,477,972$4,890,027$3,458,658$12,849,884
84$15,892,391$5,067,304$3,512,190$14,027,006
85$17,449,117$5,251,305$3,565,551$15,320,642
86$19,162,605$5,442,296$3,618,674$16,742,585
87$21,048,779$5,640,556$3,671,487$18,305,829
88$23,125,187$5,846,377$3,723,915$20,024,691
89$25,411,166$6,060,059$3,775,877$21,914,945
90$27,928,023$6,281,920$3,827,286$23,993,973
91$30,699,233$6,512,286$3,878,053$26,280,926
92$33,750,668$6,751,501$3,928,080$28,796,907
93$37,110,832$6,999,921$3,977,267$31,565,169
94$40,811,138$7,257,917$4,025,506$34,611,332
95$44,886,197$7,525,878$4,072,683$37,963,630
96$49,374,150$7,804,208$4,118,679$41,653,172
97$54,317,026$8,093,326$4,163,368$45,714,236
98$59,761,136$8,393,673$4,206,614$50,184,596
99$65,757,515$8,705,706$4,248,279$55,105,876
100$72,362,398$9,029,901$4,288,212$60,523,939