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

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$199,016$197,243$195,513$193,825$192,177$184,625
2 years$98,523$96,688$94,909$93,185$91,513$83,997
3 years$65,029$63,186$61,413$59,705$58,059$50,816
4 years$48,286$46,449$44,693$43,014$41,408$34,493
5 years$38,243$36,416$34,683$33,039$31,478$24,908
6 years$31,549$29,737$28,029$26,421$24,908$18,687
7 years$26,770$24,973$23,292$21,722$20,256$14,383
8 years$23,187$21,406$19,754$18,222$16,805$11,273
9 years$20,402$18,638$17,014$15,521$14,152$8,953
10 years$18,175$16,429$14,833$13,380$12,058$7,183
11 years$16,355$14,625$13,059$11,644$10,370$5,807
12 years$14,839$13,127$11,589$10,214$8,987$4,723
13 years$13,557$11,863$10,354$9,017$7,837$3,860
14 years$12,459$10,783$9,303$8,004$6,870$3,167
15 years$11,508$9,851$8,400$7,138$6,049$2,606
16 years$10,677$9,038$7,616$6,392$5,346$2,150
17 years$9,945$8,323$6,930$5,743$4,740$1,777
18 years$9,294$7,691$6,326$5,176$4,214$1,472
19 years$8,713$7,128$5,791$4,677$3,756$1,221
20 years$8,191$6,624$5,315$4,236$3,355$1,013
21 years$7,719$6,170$4,889$3,844$3,003$842
22 years$7,290$5,759$4,506$3,495$2,691$700
23 years$6,899$5,387$4,160$3,183$2,416$583
24 years$6,542$5,047$3,848$2,903$2,172$485
25 years$6,213$4,736$3,564$2,651$1,954$404
26 years$5,911$4,451$3,305$2,424$1,760$337
27 years$5,631$4,189$3,069$2,219$1,587$281
28 years$5,371$3,947$2,853$2,033$1,432$234
29 years$5,130$3,724$2,655$1,864$1,293$195
30 years$4,906$3,517$2,473$1,711$1,168$163
31 years$4,696$3,325$2,306$1,571$1,056$136
32 years$4,500$3,146$2,151$1,444$955$113
33 years$4,316$2,979$2,008$1,328$865$94
34 years$4,143$2,823$1,877$1,222$783$79
35 years$3,981$2,678$1,755$1,125$709$66
36 years$3,828$2,542$1,641$1,036$642$55
37 years$3,683$2,414$1,536$954$582$46
38 years$3,547$2,294$1,439$880$528$38
39 years$3,417$2,182$1,348$811$479$32
40 years$3,295$2,076$1,263$748$434$27
41 years$3,179$1,976$1,185$690$394$22
42 years$3,068$1,882$1,111$637$357$19
43 years$2,963$1,793$1,043$588$324$15
44 years$2,863$1,709$979$543$294$13
45 years$2,768$1,630$919$501$267$11
46 years$2,677$1,555$863$463$243$9
47 years$2,591$1,484$811$428$220$8
48 years$2,508$1,416$762$395$200$6
49 years$2,429$1,353$716$365$182$5
50 years$2,353$1,292$673$338$165$4

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 $2,138 every year, while hoping to spend $52,975 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: 46/48/6 Blend
63$2,410,000$2,410,000$2,410,000$2,410,000
64$2,658,025$2,530,295$2,492,940$2,775,888
65$2,872,779$2,597,915$2,520,089$2,924,726
66$3,107,662$2,667,072$2,546,371$3,080,373
67$3,364,672$2,737,787$2,571,703$3,247,966
68$3,646,007$2,810,077$2,595,994$3,428,623
69$3,954,090$2,883,961$2,619,150$3,623,576
70$4,291,588$2,959,456$2,641,072$3,834,178
71$4,661,437$3,036,576$2,661,655$4,061,920
72$5,066,871$3,115,337$2,680,789$4,308,442
73$5,511,455$3,195,751$2,698,358$4,575,550
74$5,999,110$3,277,830$2,714,239$4,865,230
75$6,534,159$3,361,583$2,728,306$5,179,671
76$7,121,362$3,447,019$2,740,423$5,521,281
77$7,765,962$3,534,144$2,750,449$5,892,714
78$8,473,736$3,622,963$2,758,234$6,296,890
79$9,251,045$3,713,476$2,763,623$6,737,025
80$10,104,898$3,805,684$2,766,451$7,216,663
81$11,043,018$3,899,582$2,766,548$7,739,705
82$12,073,910$3,995,165$2,763,731$8,310,450
83$13,206,944$4,092,424$2,757,811$8,933,630
84$14,452,445$4,191,346$2,748,591$9,614,461
85$15,821,787$4,291,914$2,735,860$10,358,688
86$17,327,499$4,394,108$2,719,402$11,172,640
87$18,983,390$4,497,904$2,698,988$12,063,288
88$20,804,668$4,603,274$2,674,376$13,038,315
89$22,808,093$4,710,184$2,645,317$14,106,183
90$25,012,130$4,818,594$2,611,547$15,276,217
91$27,437,124$4,928,462$2,572,790$16,558,691
92$30,105,490$5,039,736$2,528,758$17,964,926
93$33,041,928$5,152,361$2,479,149$19,507,394
94$36,273,651$5,266,273$2,423,647$21,199,842
95$39,830,646$5,381,403$2,361,921$23,057,412
96$43,745,952$5,497,672$2,293,626$25,096,794
97$48,055,975$5,614,994$2,218,399$27,336,377
98$52,800,831$5,733,276$2,135,862$29,796,425
99$58,024,722$5,852,412$2,045,619$32,499,269
100$63,776,352$5,972,289$1,947,256$35,469,516