Can I retire at age 64 with 2,550,000?

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$210,577$208,701$206,871$205,085$203,341$196,360
2 years$104,246$102,304$100,423$98,598$96,829$89,867
3 years$68,807$66,857$64,980$63,173$61,432$54,708
4 years$51,091$49,147$47,289$45,513$43,814$37,379
5 years$40,464$38,532$36,698$34,958$33,307$27,178
6 years$33,382$31,464$29,658$27,956$26,354$20,536
7 years$28,325$26,424$24,646$22,984$21,433$15,925
8 years$24,534$22,650$20,901$19,281$17,781$12,578
9 years$21,587$19,721$18,002$16,423$14,974$10,070
10 years$19,231$17,383$15,695$14,157$12,759$8,145
11 years$17,305$15,475$13,818$12,321$10,973$6,641
12 years$15,701$13,889$12,263$10,807$9,509$5,449
13 years$14,344$12,552$10,956$9,541$8,292$4,493
14 years$13,183$11,409$9,844$8,469$7,269$3,720
15 years$12,177$10,423$8,888$7,553$6,400$3,090
16 years$11,297$9,563$8,058$6,763$5,656$2,573
17 years$10,522$8,807$7,332$6,077$5,015$2,148
18 years$9,834$8,138$6,694$5,476$4,459$1,796
19 years$9,219$7,542$6,128$4,948$3,975$1,504
20 years$8,667$7,009$5,624$4,482$3,550$1,261
21 years$8,167$6,528$5,173$4,067$3,177$1,058
22 years$7,714$6,094$4,767$3,698$2,848$889
23 years$7,300$5,699$4,402$3,368$2,556$747
24 years$6,922$5,340$4,071$3,072$2,298$629
25 years$6,574$5,011$3,771$2,805$2,068$529
26 years$6,254$4,710$3,497$2,565$1,862$445
27 years$5,958$4,433$3,247$2,348$1,679$375
28 years$5,683$4,177$3,019$2,151$1,515$316
29 years$5,428$3,940$2,809$1,973$1,368$266
30 years$5,191$3,721$2,617$1,810$1,236$225
31 years$4,969$3,518$2,439$1,663$1,118$189
32 years$4,761$3,328$2,276$1,528$1,011$160
33 years$4,567$3,152$2,125$1,405$915$135
34 years$4,384$2,988$1,986$1,293$828$114
35 years$4,212$2,834$1,856$1,190$750$96
36 years$4,050$2,690$1,737$1,096$680$81
37 years$3,897$2,554$1,625$1,010$616$68
38 years$3,753$2,428$1,522$931$559$57
39 years$3,616$2,308$1,426$858$507$49
40 years$3,486$2,196$1,337$792$459$41
41 years$3,363$2,091$1,253$730$417$35
42 years$3,247$1,991$1,176$674$378$29
43 years$3,135$1,897$1,103$622$343$25
44 years$3,030$1,808$1,036$575$312$21
45 years$2,929$1,724$972$531$283$18
46 years$2,833$1,645$913$490$257$15
47 years$2,741$1,570$858$453$233$12
48 years$2,654$1,499$806$418$212$11
49 years$2,570$1,431$758$387$192$9
50 years$2,490$1,367$713$357$175$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,550,000, adding $3,571 every year, while hoping to spend $39,332 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: 74/10/16 Blend
63$2,550,000$2,550,000$2,550,000$2,550,000
64$2,813,783$2,678,633$2,639,108$3,011,660
65$3,058,940$2,768,038$2,685,670$3,232,562
66$3,327,785$2,860,504$2,732,472$3,469,352
67$3,622,692$2,956,142$2,779,483$3,727,766
68$3,946,277$3,055,063$2,826,666$4,009,942
69$4,301,421$3,157,385$2,873,983$4,318,237
70$4,691,298$3,263,228$2,921,393$4,655,244
71$5,119,402$3,372,719$2,968,852$5,023,819
72$5,589,585$3,485,986$3,016,312$5,427,110
73$6,106,089$3,603,165$3,063,725$5,868,582
74$6,673,587$3,724,397$3,111,037$6,352,050
75$7,297,227$3,849,827$3,158,191$6,881,721
76$7,982,680$3,979,605$3,205,126$7,462,223
77$8,736,196$4,113,888$3,251,780$8,098,660
78$9,564,658$4,252,838$3,298,085$8,796,651
79$10,475,650$4,396,624$3,343,967$9,562,386
80$11,477,528$4,545,420$3,389,352$10,402,686
81$12,579,498$4,699,409$3,434,158$11,325,063
82$13,791,705$4,858,777$3,478,300$12,337,796
83$15,125,323$5,023,721$3,521,687$13,450,003
84$16,592,666$5,194,444$3,564,224$14,671,733
85$18,207,302$5,371,156$3,605,810$16,014,053
86$19,984,179$5,554,075$3,646,337$17,489,161
87$21,939,770$5,743,429$3,685,693$19,110,495
88$24,092,223$5,939,453$3,723,760$20,892,858
89$26,461,536$6,142,393$3,760,413$22,852,565
90$29,069,743$6,352,501$3,795,517$25,007,590
91$31,941,126$6,570,042$3,828,936$27,377,736
92$35,102,437$6,795,290$3,860,522$29,984,827
93$38,583,156$7,028,530$3,890,120$32,852,906
94$42,415,767$7,270,057$3,917,568$36,008,468
95$46,636,064$7,520,179$3,942,695$39,480,707
96$51,283,489$7,779,214$3,965,322$43,301,789
97$56,401,503$8,047,494$3,985,258$47,507,163
98$62,037,999$8,325,363$4,002,307$52,135,884
99$68,245,748$8,613,180$4,016,257$57,230,993
100$75,082,904$8,911,315$4,026,892$62,839,915