Can I retire at age 64 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$208,925$207,064$205,248$203,476$201,746$196,470
2 years$103,428$101,502$99,635$97,825$96,069$90,790
3 years$68,267$66,333$64,471$62,677$60,950$55,833
4 years$50,690$48,762$46,918$45,156$43,470$38,554
5 years$40,147$38,230$36,410$34,684$33,045$28,344
6 years$33,120$31,217$29,425$27,737$26,148$21,665
7 years$28,103$26,216$24,452$22,804$21,265$17,002
8 years$24,342$22,472$20,737$19,130$17,641$13,596
9 years$21,418$19,566$17,861$16,294$14,857$11,025
10 years$19,080$17,247$15,572$14,046$12,659$9,036
11 years$17,169$15,354$13,709$12,224$10,887$7,468
12 years$15,577$13,781$12,167$10,722$9,434$6,213
13 years$14,232$12,454$10,870$9,466$8,227$5,196
14 years$13,079$11,320$9,767$8,403$7,212$4,365
15 years$12,081$10,341$8,818$7,494$6,350$3,680
16 years$11,209$9,488$7,995$6,710$5,612$3,111
17 years$10,440$8,738$7,275$6,029$4,976$2,637
18 years$9,757$8,074$6,641$5,433$4,424$2,240
19 years$9,147$7,483$6,080$4,909$3,943$1,905
20 years$8,599$6,954$5,580$4,446$3,522$1,623
21 years$8,103$6,477$5,132$4,035$3,152$1,385
22 years$7,653$6,046$4,730$3,669$2,825$1,183
23 years$7,243$5,655$4,367$3,342$2,536$1,011
24 years$6,868$5,298$4,039$3,048$2,280$865
25 years$6,523$4,972$3,741$2,783$2,051$740
26 years$6,205$4,673$3,470$2,545$1,848$634
27 years$5,911$4,398$3,222$2,329$1,666$543
28 years$5,639$4,144$2,995$2,134$1,503$465
29 years$5,386$3,909$2,787$1,957$1,357$399
30 years$5,150$3,692$2,596$1,796$1,226$342
31 years$4,930$3,490$2,420$1,650$1,109$293
32 years$4,724$3,302$2,258$1,516$1,003$252
33 years$4,531$3,127$2,109$1,394$908$216
34 years$4,350$2,964$1,970$1,283$822$185
35 years$4,179$2,811$1,842$1,181$744$159
36 years$4,018$2,668$1,723$1,088$674$137
37 years$3,867$2,534$1,613$1,002$611$117
38 years$3,723$2,409$1,510$924$554$101
39 years$3,587$2,290$1,415$852$503$87
40 years$3,459$2,179$1,326$785$456$74
41 years$3,337$2,074$1,244$725$414$64
42 years$3,221$1,975$1,167$669$375$55
43 years$3,111$1,882$1,095$617$341$47
44 years$3,006$1,794$1,027$570$309$40
45 years$2,906$1,711$965$526$281$35
46 years$2,811$1,632$906$486$255$30
47 years$2,720$1,558$851$449$231$26
48 years$2,633$1,487$800$415$210$22
49 years$2,550$1,420$752$384$191$19
50 years$2,470$1,356$707$355$173$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,530,000, adding $4,475 every year, while hoping to spend $33,492 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: 60/21/19 Blend
63$2,530,000$2,530,000$2,530,000$2,530,000
64$2,792,676$2,658,586$2,619,371$2,946,171
65$3,041,894$2,753,221$2,671,485$3,145,168
66$3,315,409$2,851,372$2,724,222$3,358,081
67$3,615,665$2,953,173$2,777,567$3,589,601
68$3,945,353$3,058,769$2,831,506$3,841,537
69$4,307,437$3,168,306$2,886,020$4,115,878
70$4,705,183$3,281,941$2,941,089$4,414,812
71$5,142,188$3,399,832$2,996,692$4,740,751
72$5,622,416$3,522,149$3,052,805$5,096,347
73$6,150,232$3,649,064$3,109,404$5,484,519
74$6,730,447$3,780,759$3,166,460$5,908,485
75$7,368,360$3,917,423$3,223,944$6,371,782
76$8,069,809$4,059,254$3,281,822$6,878,308
77$8,841,227$4,206,455$3,340,061$7,432,356
78$9,689,701$4,359,240$3,398,622$8,038,650
79$10,623,040$4,517,832$3,457,465$8,702,395
80$11,649,846$4,682,462$3,516,546$9,429,322
81$12,779,599$4,853,371$3,575,819$10,225,743
82$14,022,744$5,030,812$3,635,234$11,098,609
83$15,390,787$5,215,045$3,694,738$12,055,576
84$16,896,409$5,406,343$3,754,273$13,105,078
85$18,553,580$5,604,992$3,813,780$14,256,403
86$20,377,696$5,811,288$3,873,192$15,519,782
87$22,385,719$6,025,539$3,932,442$16,906,486
88$24,596,340$6,248,067$3,991,456$18,428,930
89$27,030,152$6,479,208$4,050,155$20,100,791
90$29,709,851$6,719,313$4,108,459$21,937,133
91$32,660,442$6,968,745$4,166,278$23,954,554
92$35,909,479$7,227,885$4,223,520$26,171,340
93$39,487,324$7,497,130$4,280,087$28,607,632
94$43,427,435$7,776,893$4,335,873$31,285,625
95$47,766,677$8,067,605$4,390,769$34,229,767
96$52,545,676$8,369,715$4,444,657$37,466,997
97$57,809,197$8,683,693$4,497,416$41,026,992
98$63,606,569$9,010,028$4,548,913$44,942,450
99$69,992,149$9,349,229$4,599,011$49,249,399
100$77,025,836$9,701,829$4,647,566$53,987,532