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%14.1%
1 years$206,448$204,609$202,815$201,063$199,354$195,970
2 years$102,202$100,298$98,454$96,665$94,930$91,532
3 years$67,458$65,546$63,706$61,934$60,228$56,920
4 years$50,089$48,183$46,362$44,620$42,955$39,764
5 years$39,671$37,776$35,979$34,273$32,654$29,588
6 years$32,727$30,847$29,076$27,408$25,838$22,901
7 years$27,770$25,905$24,162$22,534$21,013$18,207
8 years$24,053$22,206$20,492$18,903$17,432$14,755
9 years$21,164$19,334$17,649$16,101$14,680$12,131
10 years$18,854$17,042$15,387$13,879$12,509$10,085
11 years$16,965$15,172$13,547$12,079$10,758$8,457
12 years$15,393$13,617$12,022$10,595$9,322$7,142
13 years$14,063$12,306$10,741$9,354$8,129$6,066
14 years$12,924$11,186$9,651$8,303$7,126$5,176
15 years$11,938$10,218$8,713$7,405$6,274$4,434
16 years$11,076$9,375$7,900$6,630$5,545$3,810
17 years$10,316$8,634$7,189$5,957$4,917$3,283
18 years$9,642$7,978$6,562$5,369$4,372$2,836
19 years$9,039$7,394$6,008$4,851$3,897$2,454
20 years$8,497$6,871$5,513$4,394$3,481$2,128
21 years$8,007$6,400$5,071$3,988$3,115$1,847
22 years$7,562$5,974$4,674$3,626$2,792$1,606
23 years$7,157$5,588$4,316$3,302$2,506$1,397
24 years$6,786$5,235$3,991$3,012$2,253$1,217
25 years$6,445$4,913$3,697$2,750$2,027$1,061
26 years$6,131$4,617$3,428$2,515$1,826$925
27 years$5,841$4,346$3,184$2,302$1,646$808
28 years$5,572$4,095$2,960$2,109$1,485$705
29 years$5,322$3,863$2,754$1,934$1,341$616
30 years$5,089$3,648$2,565$1,775$1,212$539
31 years$4,871$3,449$2,392$1,630$1,096$471
32 years$4,668$3,263$2,231$1,498$991$412
33 years$4,477$3,090$2,084$1,378$897$360
34 years$4,298$2,929$1,947$1,268$812$315
35 years$4,129$2,778$1,820$1,167$736$276
36 years$3,971$2,637$1,703$1,075$666$241
37 years$3,821$2,504$1,594$990$604$211
38 years$3,679$2,380$1,492$913$548$185
39 years$3,545$2,263$1,398$841$497$162
40 years$3,418$2,153$1,310$776$450$142
41 years$3,297$2,050$1,229$716$409$124
42 years$3,183$1,952$1,153$661$371$109
43 years$3,074$1,860$1,082$610$337$95
44 years$2,970$1,773$1,015$563$305$84
45 years$2,872$1,691$953$520$277$73
46 years$2,777$1,613$895$481$252$64
47 years$2,688$1,539$841$444$229$56
48 years$2,602$1,469$791$410$208$49
49 years$2,519$1,403$743$379$189$43
50 years$2,441$1,340$699$350$171$38

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 $6,908 every year, while hoping to spend $31,881 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: 33/40/27 Blend
63$2,500,000$2,500,000$2,500,000$2,500,000
64$2,762,126$2,629,626$2,590,876$2,830,392
65$3,009,941$2,724,556$2,643,749$2,977,657
66$3,281,966$2,823,070$2,697,325$3,132,935
67$3,580,634$2,925,308$2,751,593$3,299,660
68$3,908,630$3,031,420$2,806,543$3,478,868
69$4,268,909$3,141,558$2,862,161$3,671,693
70$4,664,727$3,255,883$2,918,432$3,879,385
71$5,099,670$3,374,563$2,975,341$4,103,312
72$5,577,691$3,497,770$3,032,869$4,344,980
73$6,103,142$3,625,688$3,090,996$4,606,043
74$6,680,819$3,758,503$3,149,702$4,888,317
75$7,316,007$3,896,415$3,208,961$5,193,801
76$8,014,528$4,039,626$3,268,749$5,524,691
77$8,782,794$4,188,353$3,329,037$5,883,401
78$9,627,873$4,342,816$3,389,794$6,272,586
79$10,557,551$4,503,249$3,450,987$6,695,166
80$11,580,407$4,669,894$3,512,581$7,154,352
81$12,705,893$4,843,003$3,574,537$7,653,677
82$13,944,423$5,022,840$3,636,813$8,197,028
83$15,307,473$5,209,678$3,699,365$8,788,679
84$16,807,687$5,403,803$3,762,145$9,433,337
85$18,458,997$5,605,515$3,825,102$10,136,178
86$20,276,753$5,815,124$3,888,182$10,902,901
87$22,277,871$6,032,954$3,951,325$11,739,777
88$24,480,989$6,259,344$4,014,469$12,653,708
89$26,906,644$6,494,646$4,077,548$13,652,292
90$29,577,467$6,739,229$4,140,491$14,743,894
91$32,518,393$6,993,476$4,203,223$15,937,723
92$35,756,901$7,257,788$4,265,663$17,243,917
93$39,323,268$7,532,583$4,327,726$18,673,638
94$43,250,859$7,818,297$4,389,321$20,239,178
95$47,576,437$8,115,383$4,450,354$21,954,070
96$52,340,514$8,424,318$4,510,722$23,833,217
97$57,587,733$8,745,596$4,570,317$25,893,033
98$63,367,285$9,079,734$4,629,027$28,151,591
99$69,733,379$9,427,271$4,686,729$30,628,798
100$76,745,746$9,788,771$4,743,298$33,346,577