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%15.7%
1 years$210,577$208,701$206,871$205,085$203,341$198,586
2 years$104,246$102,304$100,423$98,598$96,829$92,066
3 years$68,807$66,857$64,980$63,173$61,432$56,810
4 years$51,091$49,147$47,289$45,513$43,814$39,367
5 years$40,464$38,532$36,698$34,958$33,307$29,048
6 years$33,382$31,464$29,658$27,956$26,354$22,289
7 years$28,325$26,424$24,646$22,984$21,433$17,561
8 years$24,534$22,650$20,901$19,281$17,781$14,100
9 years$21,587$19,721$18,002$16,423$14,974$11,482
10 years$19,231$17,383$15,695$14,157$12,759$9,452
11 years$17,305$15,475$13,818$12,321$10,973$7,846
12 years$15,701$13,889$12,263$10,807$9,509$6,558
13 years$14,344$12,552$10,956$9,541$8,292$5,511
14 years$13,183$11,409$9,844$8,469$7,269$4,651
15 years$12,177$10,423$8,888$7,553$6,400$3,940
16 years$11,297$9,563$8,058$6,763$5,656$3,348
17 years$10,522$8,807$7,332$6,077$5,015$2,852
18 years$9,834$8,138$6,694$5,476$4,459$2,435
19 years$9,219$7,542$6,128$4,948$3,975$2,083
20 years$8,667$7,009$5,624$4,482$3,550$1,784
21 years$8,167$6,528$5,173$4,067$3,177$1,530
22 years$7,714$6,094$4,767$3,698$2,848$1,314
23 years$7,300$5,699$4,402$3,368$2,556$1,129
24 years$6,922$5,340$4,071$3,072$2,298$971
25 years$6,574$5,011$3,771$2,805$2,068$836
26 years$6,254$4,710$3,497$2,565$1,862$720
27 years$5,958$4,433$3,247$2,348$1,679$620
28 years$5,683$4,177$3,019$2,151$1,515$534
29 years$5,428$3,940$2,809$1,973$1,368$461
30 years$5,191$3,721$2,617$1,810$1,236$398
31 years$4,969$3,518$2,439$1,663$1,118$343
32 years$4,761$3,328$2,276$1,528$1,011$296
33 years$4,567$3,152$2,125$1,405$915$256
34 years$4,384$2,988$1,986$1,293$828$221
35 years$4,212$2,834$1,856$1,190$750$190
36 years$4,050$2,690$1,737$1,096$680$164
37 years$3,897$2,554$1,625$1,010$616$142
38 years$3,753$2,428$1,522$931$559$123
39 years$3,616$2,308$1,426$858$507$106
40 years$3,486$2,196$1,337$792$459$92
41 years$3,363$2,091$1,253$730$417$79
42 years$3,247$1,991$1,176$674$378$68
43 years$3,135$1,897$1,103$622$343$59
44 years$3,030$1,808$1,036$575$312$51
45 years$2,929$1,724$972$531$283$44
46 years$2,833$1,645$913$490$257$38
47 years$2,741$1,570$858$453$233$33
48 years$2,654$1,499$806$418$212$28
49 years$2,570$1,431$758$387$192$25
50 years$2,490$1,367$713$357$175$21

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 $5,018 every year, while hoping to spend $31,935 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: 71/23/6 Blend
63$2,550,000$2,550,000$2,550,000$2,550,000
64$2,815,276$2,680,126$2,640,601$3,012,662
65$3,068,456$2,777,474$2,695,083$3,240,976
66$3,346,389$2,878,521$2,750,319$3,486,334
67$3,651,568$2,983,416$2,806,302$3,753,986
68$3,986,736$3,092,311$2,863,021$4,046,116
69$4,354,917$3,205,368$2,920,466$4,365,128
70$4,759,440$3,322,753$2,978,623$4,713,666
71$5,203,975$3,444,640$3,037,479$5,094,644
72$5,692,563$3,571,210$3,097,017$5,511,265
73$6,229,657$3,702,652$3,157,220$5,967,059
74$6,820,164$3,839,163$3,218,068$6,465,909
75$7,469,487$3,980,948$3,279,540$7,012,094
76$8,183,581$4,128,221$3,341,611$7,610,323
77$8,969,007$4,281,205$3,404,256$8,265,780
78$9,832,994$4,440,133$3,467,447$8,984,177
79$10,783,506$4,605,246$3,531,153$9,771,801
80$11,829,318$4,776,797$3,595,341$10,635,577
81$12,980,098$4,955,050$3,659,975$11,583,131
82$14,246,500$5,140,279$3,725,016$12,622,864
83$15,640,262$5,332,771$3,790,422$13,764,024
84$17,174,316$5,532,825$3,856,149$15,016,803
85$18,862,915$5,740,752$3,922,149$16,392,420
86$20,721,761$5,956,877$3,988,369$17,903,240
87$22,768,156$6,181,539$4,054,755$19,562,877
88$25,021,165$6,415,093$4,121,247$21,386,331
89$27,501,798$6,657,906$4,187,782$23,390,124
90$30,233,202$6,910,363$4,254,293$25,592,457
91$33,240,885$7,172,868$4,320,709$28,013,380
92$36,552,954$7,445,837$4,386,951$30,674,982
93$40,200,382$7,729,710$4,452,941$33,601,596
94$44,217,296$8,024,941$4,518,590$36,820,030
95$48,641,305$8,332,008$4,583,807$40,359,819
96$53,513,849$8,651,407$4,648,495$44,253,500
97$58,880,593$8,983,657$4,712,551$48,536,922
98$64,791,857$9,329,300$4,775,866$53,249,580
99$71,303,092$9,688,901$4,838,322$58,434,989
100$78,475,400$10,063,050$4,899,799$64,141,093