Can I retire at age 64 with 2,230,000?

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$184,151$182,511$180,911$179,349$177,823$174,020
2 years$91,164$89,466$87,821$86,225$84,678$80,864
3 years$60,172$58,467$56,826$55,245$53,723$50,019
4 years$44,679$42,980$41,355$39,801$38,316$34,749
5 years$35,386$33,696$32,093$30,571$29,127$25,708
6 years$29,193$27,516$25,936$24,448$23,047$19,779
7 years$24,771$23,108$21,553$20,100$18,744$15,628
8 years$21,455$19,808$18,278$16,861$15,550$12,585
9 years$18,878$17,246$15,743$14,362$13,095$10,279
10 years$16,818$15,202$13,725$12,380$11,158$8,487
11 years$15,133$13,533$12,084$10,775$9,596$7,068
12 years$13,730$12,147$10,724$9,451$8,316$5,927
13 years$12,544$10,977$9,581$8,344$7,251$4,997
14 years$11,528$9,978$8,609$7,407$6,357$4,232
15 years$10,649$9,115$7,772$6,605$5,597$3,598
16 years$9,880$8,363$7,047$5,914$4,946$3,068
17 years$9,202$7,702$6,412$5,314$4,386$2,623
18 years$8,600$7,117$5,854$4,789$3,900$2,248
19 years$8,062$6,596$5,359$4,327$3,476$1,929
20 years$7,579$6,129$4,918$3,919$3,105$1,659
21 years$7,142$5,709$4,524$3,557$2,778$1,428
22 years$6,746$5,329$4,169$3,234$2,490$1,231
23 years$6,384$4,984$3,850$2,945$2,236$1,062
24 years$6,053$4,670$3,560$2,686$2,009$917
25 years$5,749$4,382$3,297$2,453$1,808$792
26 years$5,469$4,119$3,058$2,243$1,629$685
27 years$5,210$3,876$2,840$2,053$1,468$593
28 years$4,970$3,653$2,640$1,881$1,325$513
29 years$4,747$3,446$2,457$1,725$1,196$444
30 years$4,539$3,254$2,288$1,583$1,081$385
31 years$4,345$3,076$2,133$1,454$977$333
32 years$4,164$2,911$1,990$1,336$884$289
33 years$3,994$2,757$1,858$1,229$800$250
34 years$3,834$2,613$1,736$1,131$724$217
35 years$3,683$2,478$1,623$1,041$656$188
36 years$3,542$2,352$1,519$959$594$163
37 years$3,408$2,234$1,421$883$539$142
38 years$3,282$2,123$1,331$814$488$123
39 years$3,162$2,019$1,247$751$443$107
40 years$3,049$1,921$1,169$692$402$92
41 years$2,941$1,828$1,096$639$365$80
42 years$2,839$1,741$1,028$589$331$70
43 years$2,742$1,659$965$544$300$60
44 years$2,650$1,581$906$502$272$52
45 years$2,561$1,508$850$464$247$45
46 years$2,477$1,439$799$429$225$39
47 years$2,397$1,373$750$396$204$34
48 years$2,321$1,311$705$366$185$30
49 years$2,247$1,252$663$338$168$26
50 years$2,177$1,195$623$313$153$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,230,000, adding $5,887 every year, while hoping to spend $43,413 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: 69/22/9 Blend
63$2,230,000$2,230,000$2,230,000$2,230,000
64$2,463,532$2,345,342$2,310,777$2,628,905
65$2,668,622$2,414,073$2,341,997$2,808,015
66$2,893,175$2,484,717$2,372,808$2,998,053
67$3,139,132$2,557,321$2,403,150$3,204,778
68$3,408,628$2,631,934$2,432,961$3,429,820
69$3,704,016$2,708,607$2,462,173$3,674,973
70$4,027,887$2,787,390$2,490,717$3,942,213
71$4,383,093$2,868,334$2,518,517$4,233,713
72$4,772,777$2,951,491$2,545,497$4,551,870
73$5,200,402$3,036,915$2,571,572$4,899,319
74$5,669,780$3,124,661$2,596,656$5,278,964
75$6,185,110$3,214,782$2,620,657$5,694,004
76$6,751,020$3,307,335$2,643,478$6,147,960
77$7,372,607$3,402,377$2,665,017$6,644,711
78$8,055,484$3,499,965$2,685,167$7,188,531
79$8,805,837$3,600,157$2,703,814$7,784,124
80$9,630,480$3,703,012$2,720,839$8,436,676
81$10,536,920$3,808,591$2,736,118$9,151,896
82$11,533,427$3,916,953$2,749,518$9,936,075
83$12,629,112$4,028,159$2,760,903$10,796,143
84$13,834,014$4,142,272$2,770,126$11,739,733
85$15,159,193$4,259,353$2,777,035$12,775,257
86$16,616,836$4,379,465$2,781,470$13,911,979
87$18,220,366$4,502,673$2,783,263$15,160,107
88$19,984,579$4,629,039$2,782,238$16,530,888
89$21,925,772$4,758,627$2,778,208$18,036,714
90$24,061,903$4,891,503$2,770,981$19,691,236
91$26,412,760$5,027,730$2,760,352$21,509,497
92$29,000,146$5,167,373$2,746,108$23,508,070
93$31,848,084$5,310,497$2,728,026$25,705,216
94$34,983,045$5,457,167$2,705,870$28,121,057
95$38,434,194$5,607,447$2,679,396$30,777,762
96$42,233,671$5,761,402$2,648,345$33,699,760
97$46,416,890$5,919,095$2,612,449$36,913,970
98$51,022,871$6,080,589$2,571,424$40,450,050
99$56,094,614$6,245,947$2,524,977$44,340,683
100$61,679,497$6,415,232$2,472,796$48,621,883