Can I retire at age 64 with 2,500,000?

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 $2,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$206,448$204,609$202,815$201,063$199,354$193,905
2 years$102,202$100,298$98,454$96,665$94,930$89,481
3 years$67,458$65,546$63,706$61,934$60,228$54,948
4 years$50,089$48,183$46,362$44,620$42,955$37,885
5 years$39,671$37,776$35,979$34,273$32,654$27,808
6 years$32,727$30,847$29,076$27,408$25,838$21,221
7 years$27,770$25,905$24,162$22,534$21,013$16,625
8 years$24,053$22,206$20,492$18,903$17,432$13,271
9 years$21,164$19,334$17,649$16,101$14,680$10,742
10 years$18,854$17,042$15,387$13,879$12,509$8,788
11 years$16,965$15,172$13,547$12,079$10,758$7,249
12 years$15,393$13,617$12,022$10,595$9,322$6,019
13 years$14,063$12,306$10,741$9,354$8,129$5,024
14 years$12,924$11,186$9,651$8,303$7,126$4,211
15 years$11,938$10,218$8,713$7,405$6,274$3,543
16 years$11,076$9,375$7,900$6,630$5,545$2,989
17 years$10,316$8,634$7,189$5,957$4,917$2,528
18 years$9,642$7,978$6,562$5,369$4,372$2,142
19 years$9,039$7,394$6,008$4,851$3,897$1,818
20 years$8,497$6,871$5,513$4,394$3,481$1,546
21 years$8,007$6,400$5,071$3,988$3,115$1,316
22 years$7,562$5,974$4,674$3,626$2,792$1,121
23 years$7,157$5,588$4,316$3,302$2,506$956
24 years$6,786$5,235$3,991$3,012$2,253$815
25 years$6,445$4,913$3,697$2,750$2,027$696
26 years$6,131$4,617$3,428$2,515$1,826$595
27 years$5,841$4,346$3,184$2,302$1,646$508
28 years$5,572$4,095$2,960$2,109$1,485$435
29 years$5,322$3,863$2,754$1,934$1,341$372
30 years$5,089$3,648$2,565$1,775$1,212$318
31 years$4,871$3,449$2,392$1,630$1,096$272
32 years$4,668$3,263$2,231$1,498$991$233
33 years$4,477$3,090$2,084$1,378$897$199
34 years$4,298$2,929$1,947$1,268$812$171
35 years$4,129$2,778$1,820$1,167$736$146
36 years$3,971$2,637$1,703$1,075$666$125
37 years$3,821$2,504$1,594$990$604$107
38 years$3,679$2,380$1,492$913$548$92
39 years$3,545$2,263$1,398$841$497$79
40 years$3,418$2,153$1,310$776$450$67
41 years$3,297$2,050$1,229$716$409$58
42 years$3,183$1,952$1,153$661$371$49
43 years$3,074$1,860$1,082$610$337$42
44 years$2,970$1,773$1,015$563$305$36
45 years$2,872$1,691$953$520$277$31
46 years$2,777$1,613$895$481$252$27
47 years$2,688$1,539$841$444$229$23
48 years$2,602$1,469$791$410$208$20
49 years$2,519$1,403$743$379$189$17
50 years$2,441$1,340$699$350$171$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,500,000, adding $4,800 every year, while hoping to spend $25,631 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: 79/15/6 Blend
63$2,500,000$2,500,000$2,500,000$2,500,000
64$2,759,951$2,627,451$2,588,701$2,976,268
65$3,014,195$2,728,925$2,648,152$3,220,159
66$3,293,513$2,834,512$2,708,734$3,483,775
67$3,600,435$2,944,387$2,770,461$3,772,172
68$3,937,749$3,058,732$2,833,341$4,087,804
69$4,308,526$3,177,736$2,897,384$4,433,377
70$4,716,150$3,301,600$2,962,601$4,811,868
71$5,164,348$3,430,529$3,029,000$5,226,555
72$5,657,228$3,564,742$3,096,588$5,681,049
73$6,199,315$3,704,463$3,165,372$6,179,325
74$6,795,593$3,849,930$3,235,360$6,725,761
75$7,451,556$4,001,389$3,306,558$7,325,179
76$8,173,256$4,159,098$3,378,968$7,982,887
77$8,967,361$4,323,327$3,452,597$8,704,735
78$9,841,218$4,494,357$3,527,445$9,497,162
79$10,802,923$4,672,481$3,603,515$10,367,264
80$11,861,396$4,858,007$3,680,808$11,322,854
81$13,026,466$5,051,256$3,759,322$12,372,540
82$14,308,961$5,252,564$3,839,055$13,525,802
83$15,720,815$5,462,280$3,920,004$14,793,083
84$17,275,178$5,680,771$4,002,163$16,185,889
85$18,986,536$5,908,419$4,085,526$17,716,893
86$20,870,856$6,145,625$4,170,084$19,400,056
87$22,945,729$6,392,806$4,255,828$21,250,758
88$25,230,540$6,650,400$4,342,744$23,285,943
89$27,746,648$6,918,862$4,430,819$25,524,278
90$30,517,590$7,198,671$4,520,036$27,986,328
91$33,569,304$7,490,325$4,610,376$30,694,750
92$36,930,368$7,794,346$4,701,819$33,674,506
93$40,632,276$8,111,280$4,794,341$36,953,099
94$44,709,732$8,441,696$4,887,915$40,560,828
95$49,200,976$8,786,191$4,982,512$44,531,078
96$54,148,149$9,145,388$5,078,099$48,900,630
97$59,597,687$9,519,939$5,174,643$53,710,014
98$65,600,761$9,910,525$5,272,102$59,003,880
99$72,213,757$10,317,859$5,370,436$64,831,429
100$79,498,813$10,742,687$5,469,599$71,246,871