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%12.5%
1 years$202,319$200,517$198,758$197,042$195,366$193,326
2 years$100,158$98,292$96,485$94,732$93,032$90,977
3 years$66,109$64,235$62,432$60,696$59,023$57,018
4 years$49,087$47,220$45,434$43,728$42,096$40,155
5 years$38,877$37,021$35,259$33,587$32,001$30,131
6 years$32,073$30,230$28,495$26,860$25,321$23,524
7 years$27,214$25,387$23,679$22,083$20,593$18,869
8 years$23,572$21,762$20,082$18,525$17,084$15,434
9 years$20,741$18,947$17,296$15,779$14,387$12,810
10 years$18,477$16,701$15,079$13,602$12,258$10,753
11 years$16,626$14,868$13,276$11,838$10,543$9,108
12 years$15,085$13,345$11,782$10,383$9,136$7,771
13 years$13,782$12,060$10,526$9,167$7,967$6,669
14 years$12,666$10,962$9,458$8,137$6,984$5,752
15 years$11,699$10,014$8,539$7,257$6,149$4,981
16 years$10,854$9,188$7,742$6,498$5,434$4,328
17 years$10,110$8,462$7,045$5,838$4,819$3,772
18 years$9,449$7,819$6,431$5,261$4,284$3,296
19 years$8,858$7,246$5,887$4,754$3,819$2,886
20 years$8,327$6,734$5,403$4,306$3,411$2,532
21 years$7,847$6,272$4,970$3,908$3,052$2,225
22 years$7,411$5,855$4,580$3,553$2,736$1,957
23 years$7,014$5,476$4,229$3,236$2,456$1,724
24 years$6,650$5,131$3,911$2,951$2,208$1,521
25 years$6,316$4,815$3,623$2,695$1,987$1,342
26 years$6,009$4,525$3,360$2,464$1,789$1,186
27 years$5,724$4,259$3,120$2,256$1,613$1,048
28 years$5,461$4,013$2,900$2,067$1,456$927
29 years$5,215$3,786$2,699$1,895$1,314$821
30 years$4,987$3,575$2,514$1,739$1,188$727
31 years$4,774$3,380$2,344$1,597$1,074$644
32 years$4,575$3,198$2,187$1,468$971$571
33 years$4,388$3,029$2,042$1,350$879$506
34 years$4,212$2,870$1,908$1,242$796$449
35 years$4,047$2,722$1,784$1,143$721$398
36 years$3,891$2,584$1,669$1,053$653$353
37 years$3,744$2,454$1,562$970$592$313
38 years$3,605$2,332$1,462$894$537$278
39 years$3,474$2,218$1,370$825$487$247
40 years$3,350$2,110$1,284$761$441$219
41 years$3,231$2,009$1,204$702$400$195
42 years$3,119$1,913$1,130$648$363$173
43 years$3,013$1,823$1,060$598$330$154
44 years$2,911$1,737$995$552$299$136
45 years$2,814$1,657$934$510$272$121
46 years$2,722$1,580$877$471$247$108
47 years$2,634$1,508$824$435$224$96
48 years$2,550$1,440$775$402$203$85
49 years$2,469$1,375$728$372$185$76
50 years$2,392$1,313$685$343$168$67

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 $6,176 every year, while hoping to spend $41,001 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: 45/42/13 Blend
63$2,450,000$2,450,000$2,450,000$2,450,000
64$2,706,271$2,576,421$2,538,446$2,817,761
65$2,938,685$2,659,040$2,579,859$2,978,521
66$3,193,432$2,744,334$2,621,285$3,148,092
67$3,472,746$2,832,390$2,662,682$3,331,062
68$3,779,088$2,923,299$2,704,003$3,528,684
69$4,115,168$3,017,154$2,745,200$3,742,339
70$4,483,973$3,114,052$2,786,222$3,973,543
71$4,888,791$3,214,094$2,827,014$4,223,962
72$5,333,245$3,317,382$2,867,516$4,495,433
73$5,821,327$3,424,024$2,907,669$4,789,973
74$6,357,431$3,534,131$2,947,405$5,109,801
75$6,946,402$3,647,815$2,986,655$5,457,361
76$7,593,573$3,765,197$3,025,347$5,835,341
77$8,304,824$3,886,398$3,063,402$6,246,698
78$9,086,628$4,011,543$3,100,738$6,694,689
79$9,946,119$4,140,764$3,137,268$7,182,897
80$10,891,158$4,274,196$3,172,901$7,715,266
81$11,930,402$4,411,977$3,207,539$8,296,140
82$13,073,392$4,554,253$3,241,080$8,930,299
83$14,330,638$4,701,172$3,273,417$9,623,006
84$15,713,722$4,852,889$3,304,436$10,380,059
85$17,235,404$5,009,562$3,334,016$11,207,838
86$18,909,742$5,171,358$3,362,033$12,113,371
87$20,752,227$5,338,445$3,388,352$13,104,397
88$22,779,926$5,511,001$3,412,834$14,189,440
89$25,011,646$5,689,208$3,435,332$15,377,886
90$27,468,109$5,873,255$3,455,690$16,680,073
91$30,172,148$6,063,335$3,473,747$18,107,389
92$33,148,921$6,259,652$3,489,331$19,672,376
93$36,426,149$6,462,414$3,502,263$21,388,848
94$40,034,380$6,671,836$3,512,353$23,272,025
95$44,007,273$6,888,143$3,519,402$25,338,669
96$48,381,917$7,111,563$3,523,204$27,607,247
97$53,199,180$7,342,337$3,523,539$30,098,102
98$58,504,097$7,580,712$3,520,178$32,833,645
99$64,346,291$7,826,943$3,512,880$35,838,564
100$70,780,444$8,081,295$3,501,393$39,140,059