Can I retire at age 64 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$203,145$201,335$199,570$197,846$196,164$194,846
2 years$100,567$98,694$96,878$95,118$93,411$92,082
3 years$66,378$64,497$62,687$60,943$59,264$57,965
4 years$49,288$47,412$45,620$43,906$42,268$41,008
5 years$39,036$37,172$35,403$33,724$32,131$30,915
6 years$32,204$30,354$28,611$26,970$25,424$24,254
7 years$27,325$25,491$23,776$22,173$20,677$19,552
8 years$23,668$21,850$20,164$18,600$17,153$16,074
9 years$20,825$19,025$17,367$15,843$14,446$13,412
10 years$18,552$16,769$15,141$13,657$12,308$11,320
11 years$16,694$14,929$13,330$11,886$10,586$9,641
12 years$15,146$13,399$11,830$10,426$9,173$8,272
13 years$13,838$12,109$10,569$9,204$7,999$7,141
14 years$12,717$11,007$9,496$8,170$7,012$6,195
15 years$11,747$10,055$8,574$7,287$6,174$5,397
16 years$10,899$9,225$7,774$6,524$5,457$4,719
17 years$10,151$8,496$7,074$5,862$4,838$4,139
18 years$9,487$7,851$6,457$5,283$4,302$3,639
19 years$8,894$7,276$5,911$4,774$3,834$3,207
20 years$8,361$6,761$5,425$4,323$3,425$2,832
21 years$7,879$6,298$4,990$3,924$3,065$2,505
22 years$7,441$5,879$4,599$3,568$2,747$2,219
23 years$7,043$5,498$4,247$3,249$2,466$1,969
24 years$6,678$5,152$3,927$2,963$2,217$1,748
25 years$6,342$4,834$3,637$2,706$1,995$1,554
26 years$6,033$4,544$3,374$2,474$1,797$1,382
27 years$5,748$4,276$3,133$2,265$1,620$1,231
28 years$5,483$4,029$2,912$2,075$1,462$1,097
29 years$5,237$3,801$2,710$1,903$1,320$978
30 years$5,007$3,590$2,524$1,746$1,193$872
31 years$4,793$3,394$2,353$1,604$1,078$779
32 years$4,593$3,211$2,196$1,474$975$695
33 years$4,405$3,041$2,050$1,356$883$621
34 years$4,229$2,882$1,916$1,247$799$555
35 years$4,063$2,734$1,791$1,148$724$496
36 years$3,907$2,595$1,675$1,057$656$443
37 years$3,760$2,464$1,568$974$594$396
38 years$3,620$2,342$1,468$898$539$355
39 years$3,488$2,227$1,376$828$489$317
40 years$3,363$2,119$1,290$764$443$284
41 years$3,245$2,017$1,209$705$402$254
42 years$3,132$1,921$1,134$650$365$227
43 years$3,025$1,830$1,064$600$331$203
44 years$2,923$1,744$999$554$301$182
45 years$2,826$1,664$938$512$273$163
46 years$2,733$1,587$881$473$248$146
47 years$2,645$1,514$828$437$225$131
48 years$2,560$1,446$778$404$204$117
49 years$2,479$1,381$731$373$186$105
50 years$2,402$1,319$687$345$169$94

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,460,000, adding $4,183 every year, while hoping to spend $25,588 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: 38/50/12 Blend
63$2,460,000$2,460,000$2,460,000$2,460,000
64$2,715,235$2,584,855$2,546,725$2,808,343
65$2,964,963$2,684,287$2,604,815$2,974,398
66$3,239,306$2,787,734$2,663,993$3,150,936
67$3,540,748$2,895,366$2,724,269$3,341,156
68$3,872,024$3,007,358$2,785,652$3,546,295
69$4,236,149$3,123,898$2,848,150$3,767,715
70$4,636,444$3,245,176$2,911,771$4,006,909
71$5,076,568$3,371,396$2,976,521$4,265,516
72$5,560,551$3,502,768$3,042,408$4,545,334
73$6,092,835$3,639,511$3,109,436$4,848,339
74$6,678,313$3,781,856$3,177,611$5,176,703
75$7,322,376$3,930,042$3,246,936$5,532,808
76$8,030,964$4,084,320$3,317,414$5,919,274
77$8,810,622$4,244,950$3,389,047$6,338,980
78$9,668,560$4,412,208$3,461,835$6,795,087
79$10,612,724$4,586,378$3,535,778$7,291,074
80$11,651,870$4,767,758$3,610,874$7,830,763
81$12,795,643$4,956,660$3,687,120$8,418,357
82$14,054,672$5,153,410$3,764,512$9,058,476
83$15,440,668$5,358,347$3,843,043$9,756,203
84$16,966,538$5,571,828$3,922,707$10,517,127
85$18,646,501$5,794,223$4,003,493$11,347,398
86$20,496,225$6,025,921$4,085,391$12,253,778
87$22,532,976$6,267,327$4,168,388$13,243,709
88$24,775,779$6,518,865$4,252,468$14,325,379
89$27,245,597$6,780,979$4,337,615$15,507,797
90$29,965,532$7,054,131$4,423,809$16,800,876
91$32,961,038$7,338,805$4,511,029$18,215,528
92$36,260,165$7,635,507$4,599,249$19,763,761
93$39,893,822$7,944,767$4,688,444$21,458,793
94$43,896,067$8,267,136$4,778,582$23,315,173
95$48,304,434$8,603,194$4,869,633$25,348,916
96$53,160,280$8,953,544$4,961,559$27,577,656
97$58,509,178$9,318,818$5,054,321$30,020,802
98$64,401,351$9,699,676$5,147,877$32,699,727
99$70,892,139$10,096,810$5,242,181$35,637,963
100$78,042,526$10,510,943$5,337,183$38,861,418