Can I retire at age 64 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$202,319$200,517$198,758$197,042$195,366$190,258
2 years$100,158$98,292$96,485$94,732$93,032$87,919
3 years$66,109$64,235$62,432$60,696$59,023$54,067
4 years$49,087$47,220$45,434$43,728$42,096$37,335
5 years$38,877$37,021$35,259$33,587$32,001$27,447
6 years$32,073$30,230$28,495$26,860$25,321$20,980
7 years$27,214$25,387$23,679$22,083$20,593$16,464
8 years$23,572$21,762$20,082$18,525$17,084$13,166
9 years$20,741$18,947$17,296$15,779$14,387$10,676
10 years$18,477$16,701$15,079$13,602$12,258$8,750
11 years$16,626$14,868$13,276$11,838$10,543$7,232
12 years$15,085$13,345$11,782$10,383$9,136$6,016
13 years$13,782$12,060$10,526$9,167$7,967$5,032
14 years$12,666$10,962$9,458$8,137$6,984$4,227
15 years$11,699$10,014$8,539$7,257$6,149$3,563
16 years$10,854$9,188$7,742$6,498$5,434$3,013
17 years$10,110$8,462$7,045$5,838$4,819$2,554
18 years$9,449$7,819$6,431$5,261$4,284$2,169
19 years$8,858$7,246$5,887$4,754$3,819$1,845
20 years$8,327$6,734$5,403$4,306$3,411$1,572
21 years$7,847$6,272$4,970$3,908$3,052$1,341
22 years$7,411$5,855$4,580$3,553$2,736$1,145
23 years$7,014$5,476$4,229$3,236$2,456$979
24 years$6,650$5,131$3,911$2,951$2,208$837
25 years$6,316$4,815$3,623$2,695$1,987$717
26 years$6,009$4,525$3,360$2,464$1,789$614
27 years$5,724$4,259$3,120$2,256$1,613$526
28 years$5,461$4,013$2,900$2,067$1,456$451
29 years$5,215$3,786$2,699$1,895$1,314$386
30 years$4,987$3,575$2,514$1,739$1,188$331
31 years$4,774$3,380$2,344$1,597$1,074$284
32 years$4,575$3,198$2,187$1,468$971$244
33 years$4,388$3,029$2,042$1,350$879$209
34 years$4,212$2,870$1,908$1,242$796$180
35 years$4,047$2,722$1,784$1,143$721$154
36 years$3,891$2,584$1,669$1,053$653$132
37 years$3,744$2,454$1,562$970$592$114
38 years$3,605$2,332$1,462$894$537$98
39 years$3,474$2,218$1,370$825$487$84
40 years$3,350$2,110$1,284$761$441$72
41 years$3,231$2,009$1,204$702$400$62
42 years$3,119$1,913$1,130$648$363$53
43 years$3,013$1,823$1,060$598$330$46
44 years$2,911$1,737$995$552$299$39
45 years$2,814$1,657$934$510$272$34
46 years$2,722$1,580$877$471$247$29
47 years$2,634$1,508$824$435$224$25
48 years$2,550$1,440$775$402$203$21
49 years$2,469$1,375$728$372$185$18
50 years$2,392$1,313$685$343$168$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,450,000, adding $5,341 every year, while hoping to spend $26,149 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: 78/13/9 Blend
63$2,450,000$2,450,000$2,450,000$2,450,000
64$2,705,409$2,575,559$2,537,584$2,912,234
65$2,953,539$2,673,939$2,594,771$3,147,216
66$3,226,101$2,776,264$2,652,997$3,400,947
67$3,525,560$2,882,698$2,712,270$3,678,459
68$3,854,632$2,993,415$2,772,596$3,982,109
69$4,216,308$3,108,595$2,833,980$4,314,493
70$4,613,882$3,228,427$2,896,429$4,678,470
71$5,050,985$3,353,107$2,959,947$5,077,188
72$5,531,617$3,482,841$3,024,537$5,514,114
73$6,060,185$3,617,843$3,090,202$5,993,065
74$6,641,544$3,758,337$3,156,943$6,518,244
75$7,281,042$3,904,556$3,224,762$7,094,283
76$7,984,574$4,056,746$3,293,657$7,726,279
77$8,758,634$4,215,159$3,363,628$8,419,851
78$9,610,376$4,380,064$3,434,671$9,181,184
79$10,547,685$4,551,737$3,506,783$10,017,092
80$11,579,246$4,730,469$3,579,957$10,935,081
81$12,714,630$4,916,564$3,654,187$11,943,418
82$13,964,385$5,110,337$3,729,465$13,051,212
83$15,340,129$5,312,121$3,805,779$14,268,495
84$16,854,668$5,522,261$3,883,118$15,606,318
85$18,522,110$5,741,117$3,961,468$17,076,858
86$20,358,001$5,969,068$4,040,814$18,693,528
87$22,379,472$6,206,508$4,121,136$20,471,104
88$24,605,400$6,453,848$4,202,415$22,425,866
89$27,056,583$6,711,519$4,284,629$24,575,750
90$29,755,942$6,979,971$4,367,752$26,940,516
91$32,728,733$7,259,675$4,451,756$29,541,935
92$36,002,786$7,551,121$4,536,612$32,403,991
93$39,608,768$7,854,823$4,622,286$35,553,114
94$43,580,470$8,171,318$4,708,741$39,018,418
95$47,955,133$8,501,167$4,795,938$42,831,987
96$52,773,788$8,844,956$4,883,834$47,029,166
97$58,081,655$9,203,299$4,972,382$51,648,903
98$63,928,559$9,576,836$5,061,533$56,734,110
99$70,369,409$9,966,238$5,151,231$62,332,070
100$77,464,709$10,372,204$5,241,418$68,494,881