Can I retire at age 64 with 2,520,000?

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$208,099$206,246$204,437$202,672$200,948$196,650
2 years$103,019$101,101$99,241$97,438$95,690$91,380
3 years$67,997$66,070$64,216$62,430$60,709$56,523
4 years$50,490$48,569$46,733$44,977$43,299$39,268
5 years$39,988$38,079$36,266$34,547$32,915$29,051
6 years$32,989$31,094$29,309$27,627$26,044$22,352
7 years$27,992$26,113$24,356$22,714$21,181$17,660
8 years$24,246$22,383$20,655$19,054$17,572$14,221
9 years$21,333$19,489$17,791$16,230$14,798$11,616
10 years$19,005$17,178$15,510$13,990$12,609$9,591
11 years$17,101$15,293$13,655$12,176$10,844$7,988
12 years$15,516$13,726$12,118$10,680$9,397$6,697
13 years$14,175$12,404$10,827$9,429$8,194$5,647
14 years$13,027$11,275$9,728$8,370$7,183$4,783
15 years$12,033$10,300$8,783$7,464$6,325$4,066
16 years$11,165$9,450$7,963$6,683$5,590$3,467
17 years$10,399$8,703$7,246$6,005$4,956$2,964
18 years$9,719$8,042$6,615$5,412$4,407$2,540
19 years$9,111$7,453$6,056$4,890$3,928$2,180
20 years$8,565$6,926$5,558$4,429$3,508$1,875
21 years$8,071$6,451$5,112$4,019$3,140$1,614
22 years$7,623$6,022$4,711$3,655$2,814$1,391
23 years$7,214$5,632$4,350$3,328$2,526$1,200
24 years$6,840$5,277$4,023$3,036$2,271$1,036
25 years$6,497$4,952$3,726$2,772$2,043$895
26 years$6,180$4,654$3,456$2,535$1,840$774
27 years$5,888$4,380$3,209$2,320$1,659$670
28 years$5,617$4,128$2,983$2,126$1,497$580
29 years$5,364$3,894$2,776$1,949$1,352$502
30 years$5,130$3,677$2,586$1,789$1,222$435
31 years$4,910$3,476$2,411$1,643$1,104$377
32 years$4,705$3,289$2,249$1,510$999$326
33 years$4,513$3,115$2,100$1,389$904$283
34 years$4,332$2,952$1,962$1,278$819$245
35 years$4,162$2,800$1,835$1,176$741$213
36 years$4,002$2,658$1,716$1,083$672$184
37 years$3,851$2,524$1,606$998$609$160
38 years$3,708$2,399$1,504$920$552$139
39 years$3,573$2,281$1,409$848$501$120
40 years$3,445$2,170$1,321$782$454$104
41 years$3,324$2,066$1,239$722$412$91
42 years$3,208$1,968$1,162$666$374$79
43 years$3,099$1,875$1,090$615$339$68
44 years$2,994$1,787$1,023$568$308$59
45 years$2,895$1,704$961$524$280$51
46 years$2,800$1,626$903$484$254$45
47 years$2,709$1,551$848$447$230$39
48 years$2,622$1,481$797$414$209$34
49 years$2,540$1,414$749$382$190$29
50 years$2,460$1,351$704$353$173$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,520,000, adding $3,960 every year, while hoping to spend $55,240 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: 58/30/12 Blend
63$2,520,000$2,520,000$2,520,000$2,520,000
64$2,781,125$2,647,565$2,608,505$2,933,961
65$3,006,025$2,718,520$2,637,115$3,108,481
66$3,252,013$2,791,102$2,664,832$3,292,130
67$3,521,182$2,865,330$2,691,568$3,490,996
68$3,815,837$2,941,225$2,717,229$3,706,548
69$4,138,514$3,018,807$2,741,718$3,940,401
70$4,492,009$3,098,095$2,764,932$4,194,335
71$4,879,398$3,179,105$2,786,761$4,470,308
72$5,304,070$3,261,856$2,807,092$4,770,478
73$5,769,759$3,346,360$2,825,804$5,097,221
74$6,280,576$3,432,633$2,842,769$5,453,154
75$6,841,048$3,520,686$2,857,855$5,841,157
76$7,456,164$3,610,528$2,870,922$6,264,405
77$8,131,417$3,702,169$2,881,823$6,726,394
78$8,872,860$3,795,614$2,890,403$7,230,975
79$9,687,160$3,890,867$2,896,499$7,782,391
80$10,581,660$3,987,929$2,899,941$8,385,315
81$11,564,451$4,086,799$2,900,551$9,044,895
82$12,644,446$4,187,473$2,898,140$9,766,804
83$13,831,463$4,289,943$2,892,512$10,557,292
84$15,136,321$4,394,198$2,883,459$11,423,243
85$16,570,936$4,500,225$2,870,766$12,372,244
86$18,148,440$4,608,004$2,854,205$13,412,654
87$19,883,298$4,717,514$2,833,538$14,553,682
88$21,791,449$4,828,726$2,808,516$15,805,476
89$23,890,453$4,941,610$2,778,878$17,179,219
90$26,199,658$5,056,128$2,744,349$18,687,230
91$28,740,382$5,172,237$2,704,643$20,343,087
92$31,536,113$5,289,888$2,659,461$22,161,751
93$34,612,731$5,409,028$2,608,487$24,159,707
94$37,998,752$5,529,593$2,551,394$26,355,121
95$41,725,596$5,651,514$2,487,838$28,768,012
96$45,827,884$5,774,716$2,417,457$31,420,439
97$50,343,764$5,899,111$2,339,877$34,336,711
98$55,315,267$6,024,608$2,254,703$37,543,617
99$60,788,713$6,151,102$2,161,524$41,070,677
100$66,815,135$6,278,479$2,059,908$44,950,422