Can I retire at age 64 with 2,410,000?

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$199,016$197,243$195,513$193,825$192,177$189,383
2 years$98,523$96,688$94,909$93,185$91,513$88,704
3 years$65,029$63,186$61,413$59,705$58,059$55,323
4 years$48,286$46,449$44,693$43,014$41,408$38,765
5 years$38,243$36,416$34,683$33,039$31,478$28,936
6 years$31,549$29,737$28,029$26,421$24,908$22,470
7 years$26,770$24,973$23,292$21,722$20,256$17,923
8 years$23,187$21,406$19,754$18,222$16,805$14,576
9 years$20,402$18,638$17,014$15,521$14,152$12,027
10 years$18,175$16,429$14,833$13,380$12,058$10,035
11 years$16,355$14,625$13,059$11,644$10,370$8,447
12 years$14,839$13,127$11,589$10,214$8,987$7,161
13 years$13,557$11,863$10,354$9,017$7,837$6,106
14 years$12,459$10,783$9,303$8,004$6,870$5,231
15 years$11,508$9,851$8,400$7,138$6,049$4,499
16 years$10,677$9,038$7,616$6,392$5,346$3,883
17 years$9,945$8,323$6,930$5,743$4,740$3,360
18 years$9,294$7,691$6,326$5,176$4,214$2,915
19 years$8,713$7,128$5,791$4,677$3,756$2,534
20 years$8,191$6,624$5,315$4,236$3,355$2,207
21 years$7,719$6,170$4,889$3,844$3,003$1,924
22 years$7,290$5,759$4,506$3,495$2,691$1,680
23 years$6,899$5,387$4,160$3,183$2,416$1,469
24 years$6,542$5,047$3,848$2,903$2,172$1,286
25 years$6,213$4,736$3,564$2,651$1,954$1,126
26 years$5,911$4,451$3,305$2,424$1,760$987
27 years$5,631$4,189$3,069$2,219$1,587$865
28 years$5,371$3,947$2,853$2,033$1,432$759
29 years$5,130$3,724$2,655$1,864$1,293$667
30 years$4,906$3,517$2,473$1,711$1,168$586
31 years$4,696$3,325$2,306$1,571$1,056$515
32 years$4,500$3,146$2,151$1,444$955$452
33 years$4,316$2,979$2,008$1,328$865$398
34 years$4,143$2,823$1,877$1,222$783$350
35 years$3,981$2,678$1,755$1,125$709$308
36 years$3,828$2,542$1,641$1,036$642$271
37 years$3,683$2,414$1,536$954$582$238
38 years$3,547$2,294$1,439$880$528$210
39 years$3,417$2,182$1,348$811$479$184
40 years$3,295$2,076$1,263$748$434$162
41 years$3,179$1,976$1,185$690$394$143
42 years$3,068$1,882$1,111$637$357$126
43 years$2,963$1,793$1,043$588$324$111
44 years$2,863$1,709$979$543$294$98
45 years$2,768$1,630$919$501$267$86
46 years$2,677$1,555$863$463$243$76
47 years$2,591$1,484$811$428$220$67
48 years$2,508$1,416$762$395$200$59
49 years$2,429$1,353$716$365$182$52
50 years$2,353$1,292$673$338$165$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,410,000, adding $3,513 every year, while hoping to spend $48,353 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: 42/50/8 Blend
63$2,410,000$2,410,000$2,410,000$2,410,000
64$2,659,444$2,531,714$2,494,359$2,764,761
65$2,879,260$2,604,320$2,526,472$2,911,094
66$3,119,876$2,678,864$2,558,041$3,064,283
67$3,383,364$2,755,389$2,588,996$3,229,049
68$3,672,004$2,833,940$2,619,264$3,406,466
69$3,988,306$2,914,560$2,648,767$3,597,713
70$4,335,036$2,997,297$2,677,424$3,804,086
71$4,715,240$3,082,195$2,705,148$4,027,014
72$5,132,273$3,169,301$2,731,849$4,268,065
73$5,589,830$3,258,662$2,757,431$4,528,966
74$6,091,981$3,350,324$2,781,793$4,811,618
75$6,643,209$3,444,336$2,804,829$5,118,112
76$7,248,452$3,540,744$2,826,427$5,450,750
77$7,913,150$3,639,597$2,846,468$5,812,064
78$8,643,297$3,740,942$2,864,830$6,204,843
79$9,445,493$3,844,828$2,881,382$6,632,158
80$10,327,011$3,951,303$2,895,986$7,097,389
81$11,295,864$4,060,414$2,908,499$7,604,257
82$12,360,878$4,172,210$2,918,769$8,156,860
83$13,531,777$4,286,739$2,926,638$8,759,712
84$14,819,276$4,404,047$2,931,938$9,417,783
85$16,235,179$4,524,181$2,934,495$10,136,546
86$17,792,490$4,647,189$2,934,123$10,922,030
87$19,505,539$4,773,116$2,930,631$11,780,875
88$21,390,113$4,902,007$2,923,816$12,720,395
89$23,463,605$5,033,907$2,913,465$13,748,648
90$25,745,183$5,168,858$2,899,356$14,874,507
91$28,255,962$5,306,903$2,881,255$16,107,751
92$31,019,212$5,448,083$2,858,918$17,459,149
93$34,060,569$5,592,436$2,832,089$18,940,568
94$37,408,282$5,740,001$2,800,500$20,565,080
95$41,093,478$5,890,812$2,763,868$22,347,087
96$45,150,455$6,044,904$2,721,900$24,302,458
97$49,617,006$6,202,309$2,674,287$26,448,674
98$54,534,772$6,363,054$2,620,708$28,805,000
99$59,949,641$6,527,165$2,560,824$31,392,659
100$65,912,174$6,694,667$2,494,281$34,235,037