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

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$208,925$207,064$205,248$203,476$201,746$196,869
2 years$103,428$101,502$99,635$97,825$96,069$91,185
3 years$68,267$66,333$64,471$62,677$60,950$56,212
4 years$50,690$48,762$46,918$45,156$43,470$38,913
5 years$40,147$38,230$36,410$34,684$33,045$28,683
6 years$33,120$31,217$29,425$27,737$26,148$21,985
7 years$28,103$26,216$24,452$22,804$21,265$17,302
8 years$24,342$22,472$20,737$19,130$17,641$13,876
9 years$21,418$19,566$17,861$16,294$14,857$11,286
10 years$19,080$17,247$15,572$14,046$12,659$9,279
11 years$17,169$15,354$13,709$12,224$10,887$7,693
12 years$15,577$13,781$12,167$10,722$9,434$6,421
13 years$14,232$12,454$10,870$9,466$8,227$5,389
14 years$13,079$11,320$9,767$8,403$7,212$4,542
15 years$12,081$10,341$8,818$7,494$6,350$3,842
16 years$11,209$9,488$7,995$6,710$5,612$3,260
17 years$10,440$8,738$7,275$6,029$4,976$2,773
18 years$9,757$8,074$6,641$5,433$4,424$2,364
19 years$9,147$7,483$6,080$4,909$3,943$2,019
20 years$8,599$6,954$5,580$4,446$3,522$1,727
21 years$8,103$6,477$5,132$4,035$3,152$1,479
22 years$7,653$6,046$4,730$3,669$2,825$1,268
23 years$7,243$5,655$4,367$3,342$2,536$1,088
24 years$6,868$5,298$4,039$3,048$2,280$934
25 years$6,523$4,972$3,741$2,783$2,051$803
26 years$6,205$4,673$3,470$2,545$1,848$690
27 years$5,911$4,398$3,222$2,329$1,666$594
28 years$5,639$4,144$2,995$2,134$1,503$511
29 years$5,386$3,909$2,787$1,957$1,357$440
30 years$5,150$3,692$2,596$1,796$1,226$379
31 years$4,930$3,490$2,420$1,650$1,109$326
32 years$4,724$3,302$2,258$1,516$1,003$281
33 years$4,531$3,127$2,109$1,394$908$242
34 years$4,350$2,964$1,970$1,283$822$209
35 years$4,179$2,811$1,842$1,181$744$180
36 years$4,018$2,668$1,723$1,088$674$155
37 years$3,867$2,534$1,613$1,002$611$134
38 years$3,723$2,409$1,510$924$554$115
39 years$3,587$2,290$1,415$852$503$99
40 years$3,459$2,179$1,326$785$456$86
41 years$3,337$2,074$1,244$725$414$74
42 years$3,221$1,975$1,167$669$375$64
43 years$3,111$1,882$1,095$617$341$55
44 years$3,006$1,794$1,027$570$309$47
45 years$2,906$1,711$965$526$281$41
46 years$2,811$1,632$906$486$255$35
47 years$2,720$1,558$851$449$231$30
48 years$2,633$1,487$800$415$210$26
49 years$2,550$1,420$752$384$191$23
50 years$2,470$1,356$707$355$173$20

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 $6,480 every year, while hoping to spend $27,625 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: 88/5/7 Blend
63$2,530,000$2,530,000$2,530,000$2,530,000
64$2,794,744$2,660,654$2,621,439$3,038,798
65$3,050,415$2,761,633$2,679,865$3,299,672
66$3,331,239$2,866,635$2,739,321$3,581,900
67$3,639,752$2,975,826$2,799,815$3,891,277
68$3,978,747$3,089,383$2,861,350$4,230,523
69$4,351,305$3,207,488$2,923,930$4,602,632
70$4,760,815$3,330,331$2,987,559$5,010,904
71$5,211,013$3,458,113$3,052,238$5,458,972
72$5,706,017$3,591,041$3,117,968$5,950,840
73$6,250,361$3,729,332$3,184,750$6,490,916
74$6,849,041$3,873,213$3,252,583$7,084,059
75$7,507,563$4,022,920$3,321,464$7,735,618
76$8,231,992$4,178,700$3,391,390$8,451,488
77$9,029,009$4,340,811$3,462,356$9,238,164
78$9,905,980$4,509,522$3,534,356$10,102,800
79$10,871,015$4,685,115$3,607,383$11,053,277
80$11,933,055$4,867,882$3,681,426$12,098,278
81$13,101,949$5,058,130$3,756,476$13,247,372
82$14,388,549$5,256,180$3,832,520$14,511,098
83$15,804,814$5,462,365$3,909,542$15,901,070
84$17,363,919$5,677,036$3,987,526$17,430,083
85$19,080,385$5,900,556$4,066,454$19,112,234
86$20,970,208$6,133,307$4,146,304$20,963,056
87$23,051,017$6,375,687$4,227,053$22,999,664
88$25,342,237$6,628,112$4,308,676$25,240,916
89$27,865,272$6,891,016$4,391,143$27,707,588
90$30,643,708$7,164,854$4,474,424$30,422,576
91$33,703,534$7,450,099$4,558,485$33,411,105
92$37,073,388$7,747,248$4,643,288$36,700,971
93$40,784,828$8,056,818$4,728,793$40,322,803
94$44,872,629$8,379,350$4,814,955$44,310,347
95$49,375,109$8,715,411$4,901,729$48,700,792
96$54,334,495$9,065,590$4,989,061$53,535,113
97$59,797,317$9,430,507$5,076,898$58,858,462
98$65,814,848$9,810,808$5,165,179$64,720,593
99$72,443,592$10,207,166$5,253,842$71,176,330
100$79,745,809$10,620,288$5,342,816$78,286,085