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%19.7%
1 years$210,577$208,701$206,871$205,085$203,341$195,427
2 years$104,246$102,304$100,423$98,598$96,829$88,952
3 years$68,807$66,857$64,980$63,173$61,432$53,840
4 years$51,091$49,147$47,289$45,513$43,814$36,563
5 years$40,464$38,532$36,698$34,958$33,307$26,417
6 years$33,382$31,464$29,658$27,956$26,354$19,830
7 years$28,325$26,424$24,646$22,984$21,433$15,272
8 years$24,534$22,650$20,901$19,281$17,781$11,976
9 years$21,587$19,721$18,002$16,423$14,974$9,518
10 years$19,231$17,383$15,695$14,157$12,759$7,641
11 years$17,305$15,475$13,818$12,321$10,973$6,181
12 years$15,701$13,889$12,263$10,807$9,509$5,031
13 years$14,344$12,552$10,956$9,541$8,292$4,115
14 years$13,183$11,409$9,844$8,469$7,269$3,378
15 years$12,177$10,423$8,888$7,553$6,400$2,782
16 years$11,297$9,563$8,058$6,763$5,656$2,297
17 years$10,522$8,807$7,332$6,077$5,015$1,900
18 years$9,834$8,138$6,694$5,476$4,459$1,575
19 years$9,219$7,542$6,128$4,948$3,975$1,307
20 years$8,667$7,009$5,624$4,482$3,550$1,086
21 years$8,167$6,528$5,173$4,067$3,177$903
22 years$7,714$6,094$4,767$3,698$2,848$751
23 years$7,300$5,699$4,402$3,368$2,556$626
24 years$6,922$5,340$4,071$3,072$2,298$521
25 years$6,574$5,011$3,771$2,805$2,068$434
26 years$6,254$4,710$3,497$2,565$1,862$362
27 years$5,958$4,433$3,247$2,348$1,679$302
28 years$5,683$4,177$3,019$2,151$1,515$252
29 years$5,428$3,940$2,809$1,973$1,368$210
30 years$5,191$3,721$2,617$1,810$1,236$176
31 years$4,969$3,518$2,439$1,663$1,118$147
32 years$4,761$3,328$2,276$1,528$1,011$122
33 years$4,567$3,152$2,125$1,405$915$102
34 years$4,384$2,988$1,986$1,293$828$85
35 years$4,212$2,834$1,856$1,190$750$71
36 years$4,050$2,690$1,737$1,096$680$60
37 years$3,897$2,554$1,625$1,010$616$50
38 years$3,753$2,428$1,522$931$559$42
39 years$3,616$2,308$1,426$858$507$35
40 years$3,486$2,196$1,337$792$459$29
41 years$3,363$2,091$1,253$730$417$24
42 years$3,247$1,991$1,176$674$378$20
43 years$3,135$1,897$1,103$622$343$17
44 years$3,030$1,808$1,036$575$312$14
45 years$2,929$1,724$972$531$283$12
46 years$2,833$1,645$913$490$257$10
47 years$2,741$1,570$858$453$233$8
48 years$2,654$1,499$806$418$212$7
49 years$2,570$1,431$758$387$192$6
50 years$2,490$1,367$713$357$175$5

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 $2,689 every year, while hoping to spend $36,094 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: 56/27/17 Blend
63$2,550,000$2,550,000$2,550,000$2,550,000
64$2,812,874$2,677,724$2,638,199$2,957,600
65$3,061,383$2,770,528$2,688,175$3,149,157
66$3,334,031$2,866,671$2,738,615$3,353,598
67$3,633,241$2,966,276$2,789,497$3,575,492
68$3,961,683$3,069,476$2,840,797$3,816,520
69$4,322,298$3,176,404$2,892,488$4,078,531
70$4,718,327$3,287,202$2,944,540$4,363,560
71$5,153,338$3,402,017$2,996,924$4,673,844
72$5,631,263$3,521,000$3,049,606$5,011,847
73$6,156,434$3,644,311$3,102,549$5,380,282
74$6,733,621$3,772,113$3,155,716$5,782,132
75$7,368,083$3,904,579$3,209,065$6,220,684
76$8,065,610$4,041,886$3,262,551$6,699,554
77$8,832,583$4,184,219$3,316,127$7,222,724
78$9,676,032$4,331,771$3,369,743$7,794,578
79$10,603,702$4,484,743$3,423,345$8,419,944
80$11,624,128$4,643,344$3,476,874$9,104,136
81$12,746,710$4,807,789$3,530,271$9,853,008
82$13,981,809$4,978,305$3,583,470$10,673,005
83$15,340,839$5,155,127$3,636,401$11,571,226
84$16,836,375$5,338,499$3,688,991$12,555,489
85$18,482,276$5,528,676$3,741,163$13,634,403
86$20,293,809$5,725,922$3,792,833$14,817,451
87$22,287,798$5,930,512$3,843,913$16,115,079
88$24,482,780$6,142,735$3,894,311$17,538,791
89$26,899,182$6,362,887$3,943,929$19,101,260
90$29,559,511$6,591,280$3,992,662$20,816,446
91$32,488,566$6,828,238$4,040,402$22,699,725
92$35,713,675$7,074,098$4,087,031$24,768,038
93$39,264,951$7,329,209$4,132,427$27,040,045
94$43,175,574$7,593,938$4,176,462$29,536,304
95$47,482,107$7,868,666$4,218,997$32,279,462
96$52,224,839$8,153,787$4,259,891$35,294,469
97$57,448,165$8,449,716$4,298,990$38,608,815
98$63,201,007$8,756,882$4,336,136$42,252,782
99$69,537,273$9,075,732$4,371,159$46,259,735
100$76,516,366$9,406,733$4,403,884$50,666,436