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

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$202,319$200,517$198,758$197,042$195,366$190,799
2 years$100,158$98,292$96,485$94,732$93,032$88,455
3 years$66,109$64,235$62,432$60,696$59,023$54,582
4 years$49,087$47,220$45,434$43,728$42,096$37,823
5 years$38,877$37,021$35,259$33,587$32,001$27,909
6 years$32,073$30,230$28,495$26,860$25,321$21,415
7 years$27,214$25,387$23,679$22,083$20,593$16,872
8 years$23,572$21,762$20,082$18,525$17,084$13,547
9 years$20,741$18,947$17,296$15,779$14,387$11,032
10 years$18,477$16,701$15,079$13,602$12,258$9,081
11 years$16,626$14,868$13,276$11,838$10,543$7,539
12 years$15,085$13,345$11,782$10,383$9,136$6,301
13 years$13,782$12,060$10,526$9,167$7,967$5,294
14 years$12,666$10,962$9,458$8,137$6,984$4,469
15 years$11,699$10,014$8,539$7,257$6,149$3,786
16 years$10,854$9,188$7,742$6,498$5,434$3,217
17 years$10,110$8,462$7,045$5,838$4,819$2,740
18 years$9,449$7,819$6,431$5,261$4,284$2,340
19 years$8,858$7,246$5,887$4,754$3,819$2,001
20 years$8,327$6,734$5,403$4,306$3,411$1,714
21 years$7,847$6,272$4,970$3,908$3,052$1,470
22 years$7,411$5,855$4,580$3,553$2,736$1,262
23 years$7,014$5,476$4,229$3,236$2,456$1,085
24 years$6,650$5,131$3,911$2,951$2,208$933
25 years$6,316$4,815$3,623$2,695$1,987$803
26 years$6,009$4,525$3,360$2,464$1,789$691
27 years$5,724$4,259$3,120$2,256$1,613$596
28 years$5,461$4,013$2,900$2,067$1,456$513
29 years$5,215$3,786$2,699$1,895$1,314$443
30 years$4,987$3,575$2,514$1,739$1,188$382
31 years$4,774$3,380$2,344$1,597$1,074$330
32 years$4,575$3,198$2,187$1,468$971$284
33 years$4,388$3,029$2,042$1,350$879$245
34 years$4,212$2,870$1,908$1,242$796$212
35 years$4,047$2,722$1,784$1,143$721$183
36 years$3,891$2,584$1,669$1,053$653$158
37 years$3,744$2,454$1,562$970$592$136
38 years$3,605$2,332$1,462$894$537$118
39 years$3,474$2,218$1,370$825$487$102
40 years$3,350$2,110$1,284$761$441$88
41 years$3,231$2,009$1,204$702$400$76
42 years$3,119$1,913$1,130$648$363$66
43 years$3,013$1,823$1,060$598$330$57
44 years$2,911$1,737$995$552$299$49
45 years$2,814$1,657$934$510$272$42
46 years$2,722$1,580$877$471$247$37
47 years$2,634$1,508$824$435$224$32
48 years$2,550$1,440$775$402$203$27
49 years$2,469$1,375$728$372$185$24
50 years$2,392$1,313$685$343$168$20

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 $4,378 every year, while hoping to spend $50,011 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: 57/31/12 Blend
63$2,450,000$2,450,000$2,450,000$2,450,000
64$2,704,416$2,574,566$2,536,591$2,850,214
65$2,927,055$2,647,508$2,568,355$3,022,187
66$3,170,727$2,722,349$2,599,508$3,203,578
67$3,437,525$2,799,127$2,629,975$3,400,044
68$3,729,753$2,877,885$2,659,679$3,613,037
69$4,049,948$2,958,662$2,688,539$3,844,154
70$4,400,906$3,041,499$2,716,468$4,095,153
71$4,785,704$3,126,438$2,743,375$4,367,970
72$5,207,732$3,213,521$2,769,165$4,664,735
73$5,670,725$3,302,787$2,793,736$4,987,797
74$6,178,795$3,394,280$2,816,983$5,339,737
75$6,736,472$3,488,040$2,838,792$5,723,403
76$7,348,747$3,584,108$2,859,046$6,141,926
77$8,021,116$3,682,526$2,877,621$6,598,759
78$8,759,635$3,783,335$2,894,386$7,097,701
79$9,570,974$3,886,575$2,909,204$7,642,940
80$10,462,482$3,992,286$2,921,932$8,239,087
81$11,442,256$4,100,508$2,932,416$8,891,221
82$12,519,212$4,211,280$2,940,499$9,604,938
83$13,703,179$4,324,640$2,946,013$10,386,402
84$15,004,981$4,440,625$2,948,782$11,242,403
85$16,436,545$4,559,271$2,948,622$12,180,423
86$18,011,012$4,680,615$2,945,341$13,208,702
87$19,742,860$4,804,690$2,938,734$14,336,322
88$21,648,040$4,931,528$2,928,590$15,573,287
89$23,744,128$5,061,161$2,914,686$16,930,619
90$26,050,489$5,193,617$2,896,787$18,420,463
91$28,588,458$5,328,924$2,874,649$20,056,200
92$31,381,547$5,467,107$2,848,016$21,852,573
93$34,455,658$5,608,188$2,816,617$23,825,829
94$37,839,334$5,752,188$2,780,173$25,993,868
95$41,564,024$5,899,124$2,738,387$28,376,413
96$45,664,383$6,049,010$2,690,952$30,995,200
97$50,178,595$6,201,856$2,637,543$33,874,176
98$55,148,734$6,357,669$2,577,824$37,039,732
99$60,621,163$6,516,453$2,511,439$40,520,946
100$66,646,969$6,678,206$2,438,019$44,349,863