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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.7%
1 years$206,448$204,609$202,815$201,063$199,354$193,127
2 years$102,202$100,298$98,454$96,665$94,930$88,712
3 years$67,458$65,546$63,706$61,934$60,228$54,214
4 years$50,089$48,183$46,362$44,620$42,955$37,191
5 years$39,671$37,776$35,979$34,273$32,654$27,155
6 years$32,727$30,847$29,076$27,408$25,838$20,609
7 years$27,770$25,905$24,162$22,534$21,013$16,054
8 years$24,053$22,206$20,492$18,903$17,432$12,740
9 years$21,164$19,334$17,649$16,101$14,680$10,250
10 years$18,854$17,042$15,387$13,879$12,509$8,333
11 years$16,965$15,172$13,547$12,079$10,758$6,829
12 years$15,393$13,617$12,022$10,595$9,322$5,633
13 years$14,063$12,306$10,741$9,354$8,129$4,670
14 years$12,924$11,186$9,651$8,303$7,126$3,888
15 years$11,938$10,218$8,713$7,405$6,274$3,248
16 years$11,076$9,375$7,900$6,630$5,545$2,721
17 years$10,316$8,634$7,189$5,957$4,917$2,284
18 years$9,642$7,978$6,562$5,369$4,372$1,921
19 years$9,039$7,394$6,008$4,851$3,897$1,619
20 years$8,497$6,871$5,513$4,394$3,481$1,366
21 years$8,007$6,400$5,071$3,988$3,115$1,153
22 years$7,562$5,974$4,674$3,626$2,792$975
23 years$7,157$5,588$4,316$3,302$2,506$825
24 years$6,786$5,235$3,991$3,012$2,253$698
25 years$6,445$4,913$3,697$2,750$2,027$591
26 years$6,131$4,617$3,428$2,515$1,826$501
27 years$5,841$4,346$3,184$2,302$1,646$425
28 years$5,572$4,095$2,960$2,109$1,485$360
29 years$5,322$3,863$2,754$1,934$1,341$306
30 years$5,089$3,648$2,565$1,775$1,212$259
31 years$4,871$3,449$2,392$1,630$1,096$220
32 years$4,668$3,263$2,231$1,498$991$187
33 years$4,477$3,090$2,084$1,378$897$159
34 years$4,298$2,929$1,947$1,268$812$135
35 years$4,129$2,778$1,820$1,167$736$114
36 years$3,971$2,637$1,703$1,075$666$97
37 years$3,821$2,504$1,594$990$604$82
38 years$3,679$2,380$1,492$913$548$70
39 years$3,545$2,263$1,398$841$497$59
40 years$3,418$2,153$1,310$776$450$51
41 years$3,297$2,050$1,229$716$409$43
42 years$3,183$1,952$1,153$661$371$36
43 years$3,074$1,860$1,082$610$337$31
44 years$2,970$1,773$1,015$563$305$26
45 years$2,872$1,691$953$520$277$22
46 years$2,777$1,613$895$481$252$19
47 years$2,688$1,539$841$444$229$16
48 years$2,602$1,469$791$410$208$14
49 years$2,519$1,403$743$379$189$12
50 years$2,441$1,340$699$350$171$10

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 $3,939 every year, while hoping to spend $23,172 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: 56/35/9 Blend
63$2,500,000$2,500,000$2,500,000$2,500,000
64$2,759,063$2,626,563$2,587,813$2,907,407
65$3,015,833$2,730,610$2,649,850$3,112,055
66$3,298,016$2,838,978$2,713,189$3,331,935
67$3,608,181$2,951,856$2,777,848$3,570,864
68$3,949,157$3,069,438$2,843,847$3,830,659
69$4,324,060$3,191,929$2,911,204$4,113,323
70$4,736,323$3,319,543$2,979,939$4,421,054
71$5,189,731$3,452,503$3,050,070$4,756,271
72$5,688,451$3,591,043$3,121,615$5,121,633
73$6,237,075$3,735,407$3,194,591$5,520,065
74$6,840,664$3,885,848$3,269,017$5,954,786
75$7,504,792$4,042,635$3,344,909$6,429,335
76$8,235,601$4,206,046$3,422,285$6,947,608
77$9,039,862$4,376,371$3,501,160$7,513,889
78$9,925,030$4,553,915$3,581,551$8,132,894
79$10,899,322$4,738,997$3,663,473$8,809,812
80$11,971,794$4,931,948$3,746,940$9,550,354
81$13,152,421$5,133,118$3,831,967$10,360,807
82$14,452,197$5,342,869$3,918,566$11,248,088
83$15,883,234$5,561,583$4,006,751$12,219,814
84$17,458,879$5,789,656$4,096,533$13,284,370
85$19,193,841$6,027,505$4,187,922$14,450,984
86$21,104,324$6,275,564$4,280,929$15,729,819
87$23,208,187$6,534,288$4,375,562$17,132,063
88$25,525,107$6,804,154$4,471,829$18,670,035
89$28,076,769$7,085,658$4,569,735$20,357,300
90$30,887,065$7,379,321$4,669,287$22,208,794
91$33,982,325$7,685,687$4,770,487$24,240,967
92$37,391,562$8,005,325$4,873,339$26,471,931
93$41,146,746$8,338,832$4,977,841$28,921,637
94$45,283,109$8,686,829$5,083,994$31,612,053
95$49,839,472$9,049,970$5,191,793$34,567,378
96$54,858,615$9,428,935$5,301,235$37,814,260
97$60,387,679$9,824,438$5,412,311$41,382,054
98$66,478,612$10,237,225$5,525,014$45,303,090
99$73,188,660$10,668,078$5,639,331$49,612,983
100$80,580,903$11,117,814$5,755,248$54,350,958