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%11.8%
1 years$200,667$198,880$197,136$195,434$193,772$192,309
2 years$99,340$97,490$95,697$93,958$92,272$90,797
3 years$65,569$63,711$61,922$60,200$58,541$57,100
4 years$48,687$46,834$45,064$43,371$41,752$40,356
5 years$38,560$36,719$34,971$33,313$31,739$30,392
6 years$31,811$29,983$28,262$26,641$25,114$23,817
7 years$26,992$25,180$23,486$21,903$20,425$19,179
8 years$23,380$21,584$19,918$18,374$16,944$15,750
9 years$20,571$18,793$17,155$15,650$14,269$13,126
10 years$18,326$16,565$14,956$13,491$12,158$11,065
11 years$16,490$14,747$13,167$11,741$10,457$9,413
12 years$14,962$13,236$11,686$10,298$9,061$8,066
13 years$13,669$11,961$10,440$9,092$7,902$6,954
14 years$12,562$10,873$9,381$8,071$6,927$6,025
15 years$11,604$9,932$8,469$7,198$6,099$5,242
16 years$10,766$9,113$7,679$6,445$5,390$4,577
17 years$10,027$8,392$6,987$5,791$4,779$4,009
18 years$9,372$7,755$6,379$5,218$4,249$3,520
19 years$8,786$7,187$5,839$4,715$3,788$3,098
20 years$8,259$6,679$5,359$4,271$3,383$2,732
21 years$7,783$6,221$4,929$3,876$3,028$2,413
22 years$7,351$5,807$4,543$3,524$2,714$2,134
23 years$6,957$5,431$4,195$3,209$2,436$1,890
24 years$6,596$5,089$3,879$2,927$2,190$1,676
25 years$6,265$4,775$3,593$2,673$1,970$1,487
26 years$5,960$4,488$3,332$2,444$1,775$1,321
27 years$5,677$4,224$3,094$2,237$1,600$1,175
28 years$5,416$3,980$2,877$2,050$1,444$1,045
29 years$5,173$3,755$2,677$1,880$1,304$930
30 years$4,946$3,546$2,494$1,725$1,178$828
31 years$4,735$3,352$2,325$1,584$1,065$738
32 years$4,537$3,172$2,169$1,456$963$658
33 years$4,352$3,004$2,025$1,339$872$587
34 years$4,178$2,847$1,892$1,232$789$523
35 years$4,014$2,700$1,769$1,134$715$467
36 years$3,859$2,563$1,655$1,045$648$417
37 years$3,714$2,434$1,549$962$587$372
38 years$3,576$2,313$1,451$887$532$332
39 years$3,446$2,200$1,359$818$483$297
40 years$3,322$2,093$1,274$754$438$265
41 years$3,205$1,992$1,194$696$397$237
42 years$3,094$1,897$1,120$642$360$212
43 years$2,988$1,808$1,051$593$327$189
44 years$2,887$1,723$987$548$297$169
45 years$2,791$1,643$927$506$270$151
46 years$2,700$1,568$870$467$245$135
47 years$2,612$1,496$818$432$222$121
48 years$2,529$1,428$768$399$202$108
49 years$2,449$1,364$722$369$183$96
50 years$2,373$1,303$679$341$166$86

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 $5,397 every year, while hoping to spend $27,848 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: 56/18/26 Blend
63$2,430,000$2,430,000$2,430,000$2,430,000
64$2,683,427$2,554,637$2,516,972$2,814,283
65$2,927,507$2,650,184$2,571,661$3,000,273
66$3,195,549$2,749,480$2,627,248$3,199,443
67$3,489,969$2,852,678$2,683,734$3,415,872
68$3,813,426$2,959,940$2,741,120$3,651,231
69$4,168,852$3,071,434$2,799,404$3,907,362
70$4,559,475$3,187,334$2,858,584$4,186,288
71$4,988,851$3,307,823$2,918,657$4,490,239
72$5,460,900$3,433,092$2,979,617$4,821,668
73$5,979,937$3,563,339$3,041,460$5,183,274
74$6,550,721$3,698,773$3,104,179$5,578,031
75$7,178,490$3,839,609$3,167,765$6,009,211
76$7,869,019$3,986,073$3,232,208$6,480,417
77$8,628,670$4,138,401$3,297,498$6,995,617
78$9,464,450$4,296,839$3,363,620$7,559,179
79$10,384,084$4,461,643$3,430,561$8,175,914
80$11,396,079$4,633,082$3,498,303$8,851,118
81$12,509,811$4,811,436$3,566,829$9,590,626
82$13,735,611$4,996,995$3,636,117$10,400,862
83$15,084,862$5,190,066$3,706,145$11,288,902
84$16,570,105$5,390,966$3,776,888$12,262,540
85$18,205,160$5,600,028$3,848,318$13,330,360
86$20,005,255$5,817,598$3,920,405$14,501,816
87$21,987,169$6,044,039$3,993,117$15,787,324
88$24,169,393$6,279,729$4,066,419$17,198,355
89$26,572,298$6,525,063$4,140,271$18,747,548
90$29,218,335$6,780,454$4,214,633$20,448,821
91$32,132,241$7,046,332$4,289,459$22,317,512
92$35,341,276$7,323,148$4,364,702$24,370,514
93$38,875,475$7,611,372$4,440,309$26,626,439
94$42,767,938$7,911,494$4,516,224$29,105,790
95$47,055,139$8,224,028$4,592,388$31,831,157
96$51,777,267$8,549,509$4,668,737$34,827,427
97$56,978,611$8,888,498$4,745,203$38,122,017
98$62,707,974$9,241,579$4,821,712$41,745,138
99$69,019,136$9,609,364$4,898,187$45,730,070
100$75,971,356$9,992,492$4,974,545$50,113,485