Can I retire at age 64 with 2,470,000?

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$203,970$202,153$200,381$198,651$196,961$195,967
2 years$100,975$99,095$97,272$95,505$93,791$92,787
3 years$66,648$64,760$62,942$61,191$59,505$58,523
4 years$49,488$47,605$45,805$44,085$42,439$41,487
5 years$39,195$37,323$35,547$33,861$32,262$31,341
6 years$32,335$30,477$28,727$27,079$25,528$24,641
7 years$27,436$25,595$23,872$22,263$20,761$19,908
8 years$23,765$21,939$20,246$18,676$17,223$16,404
9 years$20,910$19,102$17,438$15,908$14,504$13,719
10 years$18,628$16,838$15,202$13,713$12,358$11,607
11 years$16,762$14,989$13,384$11,934$10,629$9,910
12 years$15,208$13,454$11,878$10,468$9,211$8,524
13 years$13,894$12,158$10,612$9,242$8,032$7,377
14 years$12,769$11,052$9,535$8,204$7,041$6,417
15 years$11,795$10,096$8,609$7,316$6,199$5,605
16 years$10,943$9,263$7,805$6,551$5,479$4,914
17 years$10,192$8,531$7,102$5,886$4,858$4,322
18 years$9,526$7,883$6,484$5,304$4,319$3,811
19 years$8,930$7,306$5,935$4,793$3,850$3,368
20 years$8,395$6,789$5,447$4,341$3,439$2,983
21 years$7,911$6,323$5,010$3,940$3,077$2,646
22 years$7,472$5,903$4,618$3,582$2,758$2,351
23 years$7,071$5,521$4,264$3,262$2,476$2,092
24 years$6,705$5,172$3,943$2,975$2,226$1,863
25 years$6,368$4,854$3,652$2,717$2,003$1,661
26 years$6,058$4,562$3,387$2,485$1,804$1,483
27 years$5,771$4,293$3,145$2,274$1,626$1,324
28 years$5,505$4,046$2,924$2,084$1,468$1,184
29 years$5,258$3,817$2,721$1,911$1,325$1,059
30 years$5,028$3,604$2,535$1,754$1,197$948
31 years$4,813$3,407$2,363$1,611$1,083$848
32 years$4,612$3,224$2,205$1,480$979$760
33 years$4,423$3,053$2,058$1,361$886$681
34 years$4,246$2,894$1,923$1,252$802$611
35 years$4,080$2,745$1,798$1,153$727$548
36 years$3,923$2,605$1,682$1,062$658$491
37 years$3,775$2,474$1,574$978$597$441
38 years$3,635$2,351$1,474$902$541$396
39 years$3,502$2,236$1,381$831$491$355
40 years$3,377$2,127$1,295$767$445$319
41 years$3,258$2,025$1,214$707$404$286
42 years$3,145$1,929$1,139$653$366$257
43 years$3,037$1,838$1,069$603$332$231
44 years$2,935$1,752$1,003$557$302$207
45 years$2,837$1,670$942$514$274$186
46 years$2,744$1,593$885$475$249$167
47 years$2,655$1,521$831$439$226$150
48 years$2,570$1,452$781$405$205$135
49 years$2,489$1,386$734$375$186$122
50 years$2,412$1,324$690$346$169$109

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,470,000, adding $3,289 every year, while hoping to spend $45,536 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: 49/26/25 Blend
63$2,470,000$2,470,000$2,470,000$2,470,000
64$2,725,333$2,594,423$2,556,138$2,839,429
65$2,954,867$2,673,099$2,593,318$2,998,123
66$3,206,287$2,754,105$2,630,218$3,165,621
67$3,481,778$2,837,506$2,666,780$3,346,686
68$3,783,745$2,923,369$2,702,943$3,542,620
69$4,114,838$3,011,765$2,738,643$3,754,855
70$4,477,974$3,102,765$2,773,810$3,984,970
71$4,876,368$3,196,441$2,808,374$4,234,701
72$5,313,560$3,292,869$2,842,257$4,505,961
73$5,793,450$3,392,126$2,875,379$4,800,856
74$6,320,332$3,494,291$2,907,654$5,121,705
75$6,898,939$3,599,444$2,938,994$5,471,061
76$7,534,483$3,707,669$2,969,302$5,851,738
77$8,232,705$3,819,049$2,998,478$6,266,833
78$8,999,931$3,933,674$3,026,418$6,719,759
79$9,843,131$4,051,630$3,053,010$7,214,274
80$10,769,981$4,173,011$3,078,136$7,754,520
81$11,788,940$4,297,909$3,101,674$8,345,056
82$12,909,326$4,426,420$3,123,494$8,990,908
83$14,141,405$4,558,643$3,143,459$9,697,611
84$15,496,489$4,694,677$3,161,426$10,471,263
85$16,987,041$4,834,626$3,177,244$11,318,583
86$18,626,791$4,978,595$3,190,753$12,246,974
87$20,430,868$5,126,691$3,201,788$13,264,590
88$22,415,942$5,279,024$3,210,173$14,380,419
89$24,600,378$5,435,706$3,215,724$15,604,361
90$27,004,415$5,596,854$3,218,249$16,947,324
91$29,650,349$5,762,584$3,217,545$18,421,331
92$32,562,751$5,933,016$3,213,398$20,039,625
93$35,768,691$6,108,274$3,205,587$21,816,801
94$39,298,001$6,288,482$3,193,877$23,768,940
95$43,183,548$6,473,769$3,178,023$25,913,764
96$47,461,552$6,664,266$3,157,769$28,270,798
97$52,171,920$6,860,105$3,132,844$30,861,560
98$57,358,628$7,061,423$3,102,967$33,709,759
99$63,070,134$7,268,358$3,067,842$36,841,524
100$69,359,832$7,481,052$3,027,159$40,285,646