Can I retire at age 64 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$200,667$198,880$197,136$195,434$193,772$192,148
2 years$99,340$97,490$95,697$93,958$92,272$90,636
3 years$65,569$63,711$61,922$60,200$58,541$56,943
4 years$48,687$46,834$45,064$43,371$41,752$40,204
5 years$38,560$36,719$34,971$33,313$31,739$30,246
6 years$31,811$29,983$28,262$26,641$25,114$23,678
7 years$26,992$25,180$23,486$21,903$20,425$19,045
8 years$23,380$21,584$19,918$18,374$16,944$15,622
9 years$20,571$18,793$17,155$15,650$14,269$13,004
10 years$18,326$16,565$14,956$13,491$12,158$10,949
11 years$16,490$14,747$13,167$11,741$10,457$9,303
12 years$14,962$13,236$11,686$10,298$9,061$7,962
13 years$13,669$11,961$10,440$9,092$7,902$6,855
14 years$12,562$10,873$9,381$8,071$6,927$5,932
15 years$11,604$9,932$8,469$7,198$6,099$5,154
16 years$10,766$9,113$7,679$6,445$5,390$4,494
17 years$10,027$8,392$6,987$5,791$4,779$3,931
18 years$9,372$7,755$6,379$5,218$4,249$3,447
19 years$8,786$7,187$5,839$4,715$3,788$3,029
20 years$8,259$6,679$5,359$4,271$3,383$2,667
21 years$7,783$6,221$4,929$3,876$3,028$2,352
22 years$7,351$5,807$4,543$3,524$2,714$2,077
23 years$6,957$5,431$4,195$3,209$2,436$1,837
24 years$6,596$5,089$3,879$2,927$2,190$1,626
25 years$6,265$4,775$3,593$2,673$1,970$1,441
26 years$5,960$4,488$3,332$2,444$1,775$1,278
27 years$5,677$4,224$3,094$2,237$1,600$1,134
28 years$5,416$3,980$2,877$2,050$1,444$1,008
29 years$5,173$3,755$2,677$1,880$1,304$895
30 years$4,946$3,546$2,494$1,725$1,178$796
31 years$4,735$3,352$2,325$1,584$1,065$708
32 years$4,537$3,172$2,169$1,456$963$630
33 years$4,352$3,004$2,025$1,339$872$561
34 years$4,178$2,847$1,892$1,232$789$500
35 years$4,014$2,700$1,769$1,134$715$445
36 years$3,859$2,563$1,655$1,045$648$397
37 years$3,714$2,434$1,549$962$587$353
38 years$3,576$2,313$1,451$887$532$315
39 years$3,446$2,200$1,359$818$483$281
40 years$3,322$2,093$1,274$754$438$250
41 years$3,205$1,992$1,194$696$397$223
42 years$3,094$1,897$1,120$642$360$199
43 years$2,988$1,808$1,051$593$327$178
44 years$2,887$1,723$987$548$297$159
45 years$2,791$1,643$927$506$270$141
46 years$2,700$1,568$870$467$245$126
47 years$2,612$1,496$818$432$222$113
48 years$2,529$1,428$768$399$202$101
49 years$2,449$1,364$722$369$183$90
50 years$2,373$1,303$679$341$166$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,430,000, adding $2,950 every year, while hoping to spend $33,456 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: 68/7/25 Blend
63$2,430,000$2,430,000$2,430,000$2,430,000
64$2,680,903$2,552,113$2,514,448$2,845,787
65$2,918,758$2,641,570$2,563,085$3,046,297
66$3,179,753$2,734,288$2,612,230$3,261,474
67$3,466,213$2,830,393$2,661,865$3,496,111
68$3,780,699$2,930,015$2,711,970$3,752,132
69$4,126,032$3,033,287$2,762,522$4,031,655
70$4,505,319$3,140,350$2,813,499$4,337,013
71$4,921,984$3,251,350$2,864,873$4,670,777
72$5,379,799$3,366,438$2,916,619$5,035,775
73$5,882,917$3,485,772$2,968,704$5,435,125
74$6,435,916$3,609,517$3,021,098$5,872,261
75$7,043,839$3,737,843$3,073,764$6,350,965
76$7,712,241$3,870,928$3,126,665$6,875,403
77$8,447,243$4,008,956$3,179,762$7,450,167
78$9,255,588$4,152,121$3,233,010$8,080,311
79$10,144,706$4,300,624$3,286,364$8,771,406
80$11,122,784$4,454,671$3,339,775$9,529,591
81$12,198,839$4,614,482$3,393,189$10,361,624
82$13,382,811$4,780,282$3,446,551$11,274,957
83$14,685,648$4,952,306$3,499,800$12,277,795
84$16,119,414$5,130,799$3,552,874$13,379,181
85$17,697,404$5,316,018$3,605,705$14,589,078
86$19,434,263$5,508,227$3,658,220$15,918,463
87$21,346,132$5,707,703$3,710,344$17,379,430
88$23,450,793$5,914,736$3,761,996$18,985,307
89$25,767,840$6,129,625$3,813,090$20,750,776
90$28,318,866$6,352,683$3,863,534$22,692,017
91$31,127,662$6,584,236$3,913,235$24,826,859
92$34,220,444$6,824,624$3,962,088$27,174,944
93$37,626,099$7,074,200$4,009,988$29,757,918
94$41,376,459$7,333,334$4,056,820$32,599,633
95$45,506,599$7,602,408$4,102,465$35,726,370
96$50,055,170$7,881,824$4,146,795$39,167,090
97$55,064,763$8,171,999$4,189,678$42,953,703
98$60,582,309$8,473,367$4,230,973$47,121,376
99$66,659,524$8,786,382$4,270,530$51,708,857
100$73,353,397$9,111,516$4,308,194$56,758,845