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%16.9%
1 years$208,099$206,246$204,437$202,672$200,948$195,299
2 years$103,019$101,101$99,241$97,438$95,690$90,041
3 years$67,997$66,070$64,216$62,430$60,709$55,238
4 years$50,490$48,569$46,733$44,977$43,299$38,047
5 years$39,988$38,079$36,266$34,547$32,915$27,898
6 years$32,989$31,094$29,309$27,627$26,044$21,266
7 years$27,992$26,113$24,356$22,714$21,181$16,641
8 years$24,246$22,383$20,655$19,054$17,572$13,268
9 years$21,333$19,489$17,791$16,230$14,798$10,727
10 years$19,005$17,178$15,510$13,990$12,609$8,764
11 years$17,101$15,293$13,655$12,176$10,844$7,220
12 years$15,516$13,726$12,118$10,680$9,397$5,987
13 years$14,175$12,404$10,827$9,429$8,194$4,991
14 years$13,027$11,275$9,728$8,370$7,183$4,178
15 years$12,033$10,300$8,783$7,464$6,325$3,510
16 years$11,165$9,450$7,963$6,683$5,590$2,957
17 years$10,399$8,703$7,246$6,005$4,956$2,497
18 years$9,719$8,042$6,615$5,412$4,407$2,113
19 years$9,111$7,453$6,056$4,890$3,928$1,791
20 years$8,565$6,926$5,558$4,429$3,508$1,520
21 years$8,071$6,451$5,112$4,019$3,140$1,292
22 years$7,623$6,022$4,711$3,655$2,814$1,099
23 years$7,214$5,632$4,350$3,328$2,526$935
24 years$6,840$5,277$4,023$3,036$2,271$797
25 years$6,497$4,952$3,726$2,772$2,043$679
26 years$6,180$4,654$3,456$2,535$1,840$579
27 years$5,888$4,380$3,209$2,320$1,659$494
28 years$5,617$4,128$2,983$2,126$1,497$422
29 years$5,364$3,894$2,776$1,949$1,352$360
30 years$5,130$3,677$2,586$1,789$1,222$308
31 years$4,910$3,476$2,411$1,643$1,104$263
32 years$4,705$3,289$2,249$1,510$999$225
33 years$4,513$3,115$2,100$1,389$904$192
34 years$4,332$2,952$1,962$1,278$819$164
35 years$4,162$2,800$1,835$1,176$741$140
36 years$4,002$2,658$1,716$1,083$672$120
37 years$3,851$2,524$1,606$998$609$103
38 years$3,708$2,399$1,504$920$552$88
39 years$3,573$2,281$1,409$848$501$75
40 years$3,445$2,170$1,321$782$454$64
41 years$3,324$2,066$1,239$722$412$55
42 years$3,208$1,968$1,162$666$374$47
43 years$3,099$1,875$1,090$615$339$40
44 years$2,994$1,787$1,023$568$308$34
45 years$2,895$1,704$961$524$280$29
46 years$2,800$1,626$903$484$254$25
47 years$2,709$1,551$848$447$230$21
48 years$2,622$1,481$797$414$209$18
49 years$2,540$1,414$749$382$190$16
50 years$2,460$1,351$704$353$173$13

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 $4,288 every year, while hoping to spend $37,085 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: 71/24/5 Blend
63$2,520,000$2,520,000$2,520,000$2,520,000
64$2,781,463$2,647,903$2,608,843$2,977,341
65$3,025,714$2,738,192$2,656,781$3,197,423
66$3,293,636$2,831,663$2,705,082$3,433,185
67$3,587,604$2,928,431$2,753,719$3,690,177
68$3,910,234$3,028,618$2,802,663$3,970,475
69$4,264,408$3,132,351$2,851,883$4,276,365
70$4,653,300$3,239,759$2,901,344$4,610,360
71$5,080,409$3,350,979$2,951,011$4,975,230
72$5,549,585$3,466,152$3,000,844$5,374,022
73$6,065,073$3,585,423$3,050,803$5,810,092
74$6,631,548$3,708,946$3,100,842$6,287,134
75$7,254,160$3,836,879$3,150,914$6,809,215
76$7,938,583$3,969,385$3,200,969$7,380,814
77$8,691,070$4,106,636$3,250,953$8,006,862
78$9,518,507$4,248,809$3,300,807$8,692,789
79$10,428,482$4,396,088$3,350,472$9,444,577
80$11,429,356$4,548,665$3,399,882$10,268,812
81$12,530,340$4,706,740$3,448,967$11,172,747
82$13,741,583$4,870,518$3,497,656$12,164,372
83$15,074,266$5,040,216$3,545,870$13,252,485
84$16,540,711$5,216,056$3,593,526$14,446,780
85$18,154,494$5,398,273$3,640,539$15,757,932
86$19,930,570$5,587,106$3,686,815$17,197,701
87$21,885,423$5,782,809$3,732,258$18,779,039
88$24,037,211$5,985,642$3,776,764$20,516,218
89$26,405,946$6,195,877$3,820,224$22,424,955
90$29,013,674$6,413,797$3,862,524$24,522,568
91$31,884,693$6,639,697$3,903,542$26,828,134
92$35,045,771$6,873,882$3,943,151$29,362,669
93$38,526,408$7,116,670$3,981,214$32,149,327
94$42,359,107$7,368,393$4,017,591$35,213,616
95$46,579,687$7,629,395$4,052,131$38,583,639
96$51,227,614$7,900,035$4,084,677$42,290,359
97$56,346,379$8,180,685$4,115,062$46,367,889
98$61,983,905$8,471,734$4,143,111$50,853,813
99$68,193,000$8,773,585$4,168,642$55,789,543
100$75,031,854$9,086,659$4,191,460$61,220,705