Can I retire at age 64 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$205,622$203,790$202,003$200,259$198,556$197,305
2 years$101,793$99,897$98,060$96,278$94,551$93,288
3 years$67,188$65,284$63,451$61,687$59,987$58,753
4 years$49,889$47,991$46,176$44,442$42,783$41,587
5 years$39,512$37,625$35,835$34,135$32,523$31,368
6 years$32,596$30,724$28,960$27,298$25,734$24,622
7 years$27,659$25,802$24,066$22,444$20,929$19,860
8 years$23,957$22,117$20,410$18,827$17,363$16,337
9 years$21,079$19,257$17,579$16,037$14,622$13,639
10 years$18,779$16,974$15,326$13,824$12,458$11,518
11 years$16,898$15,111$13,492$12,031$10,715$9,816
12 years$15,331$13,563$11,974$10,553$9,285$8,428
13 years$14,007$12,257$10,698$9,316$8,097$7,280
14 years$12,872$11,141$9,612$8,270$7,098$6,320
15 years$11,890$10,178$8,679$7,375$6,249$5,510
16 years$11,032$9,338$7,868$6,604$5,523$4,821
17 years$10,275$8,600$7,160$5,934$4,897$4,231
18 years$9,603$7,946$6,536$5,347$4,354$3,723
19 years$9,002$7,365$5,984$4,832$3,881$3,283
20 years$8,463$6,844$5,491$4,376$3,467$2,901
21 years$7,975$6,375$5,051$3,972$3,102$2,568
22 years$7,532$5,950$4,655$3,611$2,781$2,277
23 years$7,129$5,565$4,298$3,289$2,496$2,021
24 years$6,759$5,214$3,975$2,999$2,244$1,796
25 years$6,420$4,893$3,682$2,739$2,019$1,598
26 years$6,107$4,599$3,415$2,505$1,819$1,423
27 years$5,818$4,328$3,171$2,293$1,640$1,268
28 years$5,550$4,078$2,948$2,100$1,479$1,130
29 years$5,301$3,848$2,743$1,926$1,336$1,009
30 years$5,069$3,634$2,555$1,768$1,207$901
31 years$4,852$3,435$2,382$1,624$1,091$804
32 years$4,649$3,250$2,223$1,492$987$719
33 years$4,459$3,078$2,075$1,372$893$643
34 years$4,281$2,917$1,939$1,262$809$575
35 years$4,113$2,767$1,813$1,162$733$514
36 years$3,955$2,626$1,696$1,070$664$460
37 years$3,805$2,494$1,587$986$602$412
38 years$3,664$2,370$1,486$909$545$368
39 years$3,531$2,254$1,393$838$495$330
40 years$3,404$2,145$1,305$773$449$295
41 years$3,284$2,041$1,224$713$407$265
42 years$3,170$1,944$1,148$658$369$237
43 years$3,062$1,852$1,077$608$335$212
44 years$2,958$1,766$1,011$561$304$190
45 years$2,860$1,684$950$518$276$170
46 years$2,766$1,606$892$479$251$153
47 years$2,677$1,533$838$442$228$137
48 years$2,591$1,463$787$409$207$123
49 years$2,509$1,397$740$378$188$110
50 years$2,431$1,335$696$349$171$99

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,490,000, adding $4,671 every year, while hoping to spend $57,030 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: 45/50/5 Blend
63$2,490,000$2,490,000$2,490,000$2,490,000
64$2,748,798$2,616,828$2,578,233$2,868,538
65$2,968,496$2,684,373$2,603,924$3,018,962
66$3,208,692$2,753,317$2,628,565$3,175,647
67$3,471,416$2,823,667$2,652,059$3,344,187
68$3,758,904$2,895,430$2,674,307$3,525,688
69$4,073,618$2,968,612$2,695,203$3,721,370
70$4,418,269$3,043,216$2,714,634$3,932,573
71$4,795,843$3,119,244$2,732,484$4,160,771
72$5,209,627$3,196,695$2,748,630$4,407,590
73$5,663,242$3,275,566$2,762,942$4,674,816
74$6,160,676$3,355,852$2,775,284$4,964,418
75$6,706,321$3,437,545$2,785,513$5,278,562
76$7,305,016$3,520,635$2,793,477$5,619,635
77$7,962,089$3,605,107$2,799,020$5,990,263
78$8,683,410$3,690,946$2,801,976$6,393,342
79$9,475,446$3,778,130$2,802,170$6,832,056
80$10,345,318$3,866,635$2,799,420$7,309,918
81$11,300,874$3,956,434$2,793,534$7,830,792
82$12,350,757$4,047,493$2,784,311$8,398,940
83$13,504,490$4,139,776$2,771,541$9,019,052
84$14,772,563$4,233,240$2,755,003$9,696,297
85$16,166,534$4,327,838$2,734,465$10,436,371
86$17,699,136$4,423,518$2,709,685$11,245,548
87$19,384,397$4,520,219$2,680,408$12,130,740
88$21,237,773$4,617,878$2,646,370$13,099,565
89$23,276,293$4,716,420$2,607,290$14,160,414
90$25,518,718$4,815,768$2,562,877$15,322,536
91$27,985,721$4,915,834$2,512,827$16,596,120
92$30,700,076$5,016,522$2,456,818$17,992,394
93$33,686,880$5,117,727$2,394,518$19,523,731
94$36,973,783$5,219,337$2,325,575$21,203,766
95$40,591,251$5,321,227$2,249,624$23,047,524
96$44,572,855$5,423,263$2,166,283$25,071,561
97$48,955,582$5,525,300$2,075,150$27,294,125
98$53,780,192$5,627,179$1,975,807$29,735,323
99$59,091,593$5,728,732$1,867,818$32,417,314
100$64,939,269$5,829,775$1,750,724$35,364,519