Can I retire at age 64 with 2,250,000?

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$185,803$184,148$182,533$180,957$179,418$175,366
2 years$91,982$90,269$88,608$86,999$85,437$81,376
3 years$60,712$58,991$57,335$55,741$54,205$50,262
4 years$45,080$43,365$41,726$40,158$38,659$34,865
5 years$35,704$33,999$32,381$30,845$29,388$25,753
6 years$29,455$27,762$26,168$24,667$23,254$19,782
7 years$24,993$23,315$21,746$20,280$18,912$15,603
8 years$21,648$19,985$18,442$17,013$15,689$12,543
9 years$19,048$17,401$15,884$14,491$13,212$10,227
10 years$16,969$15,338$13,848$12,491$11,258$8,429
11 years$15,269$13,654$12,192$10,871$9,682$7,006
12 years$13,853$12,255$10,820$9,536$8,390$5,863
13 years$12,657$11,075$9,667$8,418$7,316$4,933
14 years$11,632$10,067$8,686$7,473$6,414$4,170
15 years$10,744$9,197$7,842$6,665$5,647$3,537
16 years$9,968$8,438$7,110$5,967$4,991$3,010
17 years$9,285$7,771$6,470$5,362$4,425$2,568
18 years$8,677$7,181$5,906$4,832$3,935$2,196
19 years$8,135$6,655$5,407$4,366$3,507$1,880
20 years$7,647$6,184$4,962$3,954$3,133$1,613
21 years$7,206$5,760$4,564$3,589$2,803$1,386
22 years$6,806$5,377$4,207$3,263$2,513$1,192
23 years$6,441$5,029$3,884$2,972$2,256$1,026
24 years$6,108$4,712$3,592$2,710$2,027$883
25 years$5,801$4,422$3,327$2,475$1,824$762
26 years$5,518$4,156$3,086$2,263$1,643$657
27 years$5,257$3,911$2,865$2,072$1,482$567
28 years$5,015$3,685$2,664$1,898$1,337$489
29 years$4,790$3,477$2,479$1,741$1,207$423
30 years$4,580$3,283$2,309$1,597$1,091$365
31 years$4,384$3,104$2,152$1,467$986$316
32 years$4,201$2,937$2,008$1,348$892$273
33 years$4,029$2,781$1,875$1,240$807$236
34 years$3,868$2,636$1,752$1,141$731$204
35 years$3,716$2,500$1,638$1,050$662$176
36 years$3,574$2,373$1,532$967$600$153
37 years$3,439$2,254$1,434$891$544$132
38 years$3,311$2,142$1,343$821$493$114
39 years$3,190$2,037$1,258$757$447$99
40 years$3,076$1,938$1,179$699$405$86
41 years$2,968$1,845$1,106$644$368$74
42 years$2,865$1,757$1,037$595$334$64
43 years$2,767$1,674$973$549$303$55
44 years$2,673$1,596$914$507$275$48
45 years$2,584$1,522$858$468$250$42
46 years$2,500$1,451$806$432$227$36
47 years$2,419$1,385$757$400$206$31
48 years$2,341$1,322$711$369$187$27
49 years$2,268$1,263$669$341$170$23
50 years$2,197$1,206$629$315$154$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,250,000, adding $2,693 every year, while hoping to spend $50,157 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: 85/8/7 Blend
63$2,250,000$2,250,000$2,250,000$2,250,000
64$2,482,278$2,363,028$2,328,153$2,691,627
65$2,682,104$2,425,450$2,352,779$2,891,043
66$2,900,630$2,489,249$2,376,550$3,102,967
67$3,139,713$2,554,440$2,399,382$3,334,200
68$3,401,393$2,621,038$2,421,191$3,586,649
69$3,687,920$2,689,053$2,441,886$3,862,415
70$4,001,770$2,758,498$2,461,371$4,163,812
71$4,345,669$2,829,383$2,479,545$4,493,388
72$4,722,621$2,901,717$2,496,304$4,853,950
73$5,135,933$2,975,506$2,511,535$5,248,588
74$5,589,249$3,050,756$2,525,122$5,680,707
75$6,086,581$3,127,472$2,536,942$6,154,058
76$6,632,348$3,205,654$2,546,866$6,672,770
77$7,231,419$3,285,303$2,554,757$7,241,395
78$7,889,156$3,366,415$2,560,474$7,864,944
79$8,611,467$3,448,986$2,563,867$8,548,941
80$9,404,858$3,533,008$2,564,778$9,299,469
81$10,276,498$3,618,470$2,563,042$10,123,230
82$11,234,284$3,705,359$2,558,488$11,027,607
83$12,286,917$3,793,657$2,550,933$12,020,736
84$13,443,980$3,883,344$2,540,187$13,111,580
85$14,716,034$3,974,395$2,526,051$14,310,012
86$16,114,711$4,066,782$2,508,315$15,626,913
87$17,652,828$4,160,471$2,486,760$17,074,271
88$19,344,508$4,255,426$2,461,158$18,665,293
89$21,205,309$4,351,602$2,431,268$20,414,533
90$23,252,372$4,448,953$2,396,837$22,338,025
91$25,504,586$4,547,423$2,357,603$24,453,438
92$27,982,761$4,646,954$2,313,290$26,780,241
93$30,709,825$4,747,478$2,263,608$29,339,885
94$33,711,044$4,848,921$2,208,256$32,156,008
95$37,014,255$4,951,203$2,146,917$35,254,656
96$40,650,132$5,054,234$2,079,261$38,664,530
97$44,652,471$5,157,917$2,004,942$42,417,254
98$49,058,513$5,262,145$1,923,598$46,547,677
99$53,909,294$5,366,803$1,834,850$51,094,201
100$59,250,028$5,471,763$1,738,305$56,099,139