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%12.9%
1 years$208,925$207,064$205,248$203,476$201,746$199,307
2 years$103,428$101,502$99,635$97,825$96,069$93,615
3 years$68,267$66,333$64,471$62,677$60,950$58,557
4 years$50,690$48,762$46,918$45,156$43,470$41,156
5 years$40,147$38,230$36,410$34,684$33,045$30,817
6 years$33,120$31,217$29,425$27,737$26,148$24,008
7 years$28,103$26,216$24,452$22,804$21,265$19,215
8 years$24,342$22,472$20,737$19,130$17,641$15,680
9 years$21,418$19,566$17,861$16,294$14,857$12,984
10 years$19,080$17,247$15,572$14,046$12,659$10,873
11 years$17,169$15,354$13,709$12,224$10,887$9,187
12 years$15,577$13,781$12,167$10,722$9,434$7,818
13 years$14,232$12,454$10,870$9,466$8,227$6,692
14 years$13,079$11,320$9,767$8,403$7,212$5,756
15 years$12,081$10,341$8,818$7,494$6,350$4,971
16 years$11,209$9,488$7,995$6,710$5,612$4,308
17 years$10,440$8,738$7,275$6,029$4,976$3,744
18 years$9,757$8,074$6,641$5,433$4,424$3,262
19 years$9,147$7,483$6,080$4,909$3,943$2,848
20 years$8,599$6,954$5,580$4,446$3,522$2,491
21 years$8,103$6,477$5,132$4,035$3,152$2,182
22 years$7,653$6,046$4,730$3,669$2,825$1,914
23 years$7,243$5,655$4,367$3,342$2,536$1,681
24 years$6,868$5,298$4,039$3,048$2,280$1,478
25 years$6,523$4,972$3,741$2,783$2,051$1,301
26 years$6,205$4,673$3,470$2,545$1,848$1,146
27 years$5,911$4,398$3,222$2,329$1,666$1,009
28 years$5,639$4,144$2,995$2,134$1,503$890
29 years$5,386$3,909$2,787$1,957$1,357$785
30 years$5,150$3,692$2,596$1,796$1,226$693
31 years$4,930$3,490$2,420$1,650$1,109$612
32 years$4,724$3,302$2,258$1,516$1,003$541
33 years$4,531$3,127$2,109$1,394$908$478
34 years$4,350$2,964$1,970$1,283$822$422
35 years$4,179$2,811$1,842$1,181$744$373
36 years$4,018$2,668$1,723$1,088$674$330
37 years$3,867$2,534$1,613$1,002$611$292
38 years$3,723$2,409$1,510$924$554$258
39 years$3,587$2,290$1,415$852$503$229
40 years$3,459$2,179$1,326$785$456$202
41 years$3,337$2,074$1,244$725$414$179
42 years$3,221$1,975$1,167$669$375$158
43 years$3,111$1,882$1,095$617$341$140
44 years$3,006$1,794$1,027$570$309$124
45 years$2,906$1,711$965$526$281$110
46 years$2,811$1,632$906$486$255$97
47 years$2,720$1,558$851$449$231$86
48 years$2,633$1,487$800$415$210$76
49 years$2,550$1,420$752$384$191$67
50 years$2,470$1,356$707$355$173$60

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 $2,601 every year, while hoping to spend $57,788 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: 61/26/13 Blend
63$2,530,000$2,530,000$2,530,000$2,530,000
64$2,790,743$2,656,653$2,617,438$2,952,022
65$3,013,913$2,725,343$2,643,636$3,129,385
66$3,257,909$2,795,462$2,668,775$3,316,060
67$3,524,795$2,867,019$2,692,758$3,518,363
68$3,816,843$2,940,022$2,715,485$3,737,811
69$4,136,554$3,014,476$2,736,846$3,976,072
70$4,486,683$3,090,385$2,756,731$4,234,985
71$4,870,263$3,167,753$2,775,020$4,516,573
72$5,290,636$3,246,578$2,791,589$4,823,066
73$5,751,480$3,326,860$2,806,307$5,156,919
74$6,256,848$3,408,593$2,819,035$5,520,836
75$6,811,203$3,491,771$2,829,629$5,917,797
76$7,419,461$3,576,383$2,837,937$6,351,084
77$8,087,038$3,662,418$2,843,800$6,824,310
78$8,819,897$3,749,857$2,847,048$7,341,461
79$9,624,609$3,838,683$2,847,507$7,906,922
80$10,508,412$3,928,871$2,844,991$8,525,529
81$11,479,278$4,020,395$2,839,307$9,202,608
82$12,545,992$4,113,222$2,830,252$9,944,028
83$13,718,230$4,207,316$2,817,611$10,756,254
84$15,006,650$4,302,635$2,801,162$11,646,413
85$16,422,999$4,399,134$2,780,671$12,622,353
86$17,980,213$4,496,760$2,755,892$13,692,727
87$19,692,548$4,595,455$2,726,568$14,867,066
88$21,575,710$4,695,154$2,692,430$16,155,874
89$23,647,001$4,795,786$2,653,196$17,570,726
90$25,925,488$4,897,272$2,608,570$19,124,377
91$28,432,174$4,999,524$2,558,243$20,830,882
92$31,190,204$5,102,450$2,501,893$22,705,730
93$34,225,079$5,205,944$2,439,181$24,765,990
94$37,564,896$5,309,894$2,369,752$27,030,470
95$41,240,613$5,414,176$2,293,236$29,519,900
96$45,286,342$5,518,657$2,209,246$32,257,121
97$49,739,670$5,623,192$2,117,376$35,267,307
98$54,642,012$5,727,624$2,017,204$38,578,198
99$60,039,003$5,831,784$1,908,287$42,220,366
100$65,980,928$5,935,488$1,790,161$46,227,501