Can I retire at age 64 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$188,280$186,603$184,967$183,370$181,810$176,913
2 years$93,208$91,472$89,790$88,159$86,576$81,677
3 years$61,521$59,778$58,100$56,484$54,928$50,180
4 years$45,681$43,943$42,282$40,694$39,175$34,616
5 years$36,180$34,452$32,812$31,257$29,780$25,421
6 years$29,847$28,133$26,517$24,996$23,564$19,410
7 years$25,326$23,626$22,036$20,551$19,164$15,215
8 years$21,936$20,252$18,688$17,239$15,898$12,153
9 years$19,302$17,633$16,096$14,684$13,389$9,843
10 years$17,195$15,542$14,033$12,658$11,408$8,057
11 years$15,472$13,836$12,354$11,016$9,811$6,650
12 years$14,038$12,419$10,964$9,663$8,502$5,525
13 years$12,825$11,223$9,796$8,531$7,414$4,615
14 years$11,787$10,201$8,802$7,573$6,499$3,871
15 years$10,887$9,319$7,947$6,753$5,722$3,259
16 years$10,101$8,550$7,205$6,047$5,057$2,752
17 years$9,408$7,874$6,556$5,433$4,484$2,329
18 years$8,793$7,276$5,985$4,896$3,987$1,975
19 years$8,243$6,744$5,479$4,424$3,554$1,678
20 years$7,749$6,266$5,028$4,007$3,174$1,427
21 years$7,302$5,837$4,625$3,637$2,841$1,216
22 years$6,897$5,449$4,263$3,307$2,546$1,036
23 years$6,527$5,096$3,936$3,011$2,286$884
24 years$6,189$4,775$3,640$2,747$2,054$755
25 years$5,878$4,481$3,371$2,508$1,849$645
26 years$5,592$4,211$3,127$2,293$1,665$552
27 years$5,327$3,963$2,903$2,099$1,501$472
28 years$5,082$3,734$2,699$1,923$1,355$404
29 years$4,854$3,523$2,512$1,764$1,223$346
30 years$4,641$3,327$2,340$1,619$1,105$296
31 years$4,443$3,145$2,181$1,487$999$253
32 years$4,257$2,976$2,035$1,366$904$217
33 years$4,083$2,818$1,900$1,256$818$186
34 years$3,920$2,671$1,775$1,156$741$159
35 years$3,766$2,534$1,660$1,064$671$137
36 years$3,621$2,405$1,553$980$608$117
37 years$3,484$2,284$1,453$903$551$100
38 years$3,355$2,171$1,361$832$499$86
39 years$3,233$2,064$1,275$767$453$74
40 years$3,117$1,964$1,195$708$411$63
41 years$3,007$1,869$1,121$653$373$54
42 years$2,903$1,780$1,051$603$338$46
43 years$2,803$1,696$986$556$307$40
44 years$2,709$1,617$926$514$279$34
45 years$2,619$1,542$869$474$253$29
46 years$2,533$1,471$817$438$230$25
47 years$2,451$1,404$767$405$209$22
48 years$2,373$1,340$721$374$189$18
49 years$2,298$1,280$678$346$172$16
50 years$2,226$1,222$637$320$156$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,280,000, adding $4,591 every year, while hoping to spend $21,306 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: 63/10/27 Blend
63$2,280,000$2,280,000$2,280,000$2,280,000
64$2,517,296$2,396,456$2,361,116$2,657,533
65$2,751,390$2,491,213$2,417,544$2,847,885
66$3,008,649$2,589,898$2,475,148$3,052,971
67$3,291,411$2,692,683$2,533,945$3,276,528
68$3,602,255$2,799,745$2,593,952$3,520,370
69$3,944,021$2,911,269$2,655,186$3,786,492
70$4,319,839$3,027,449$2,717,663$4,077,092
71$4,733,157$3,148,488$2,781,399$4,394,589
72$5,187,773$3,274,598$2,846,410$4,741,648
73$5,687,873$3,406,000$2,912,711$5,121,202
74$6,238,067$3,542,926$2,980,319$5,536,480
75$6,843,438$3,685,617$3,049,247$5,991,041
76$7,509,582$3,834,326$3,119,511$6,488,801
77$8,242,669$3,989,317$3,191,124$7,034,074
78$9,049,495$4,150,867$3,264,100$7,631,612
79$9,937,548$4,319,265$3,338,452$8,286,648
80$10,915,080$4,494,811$3,414,192$9,004,946
81$11,991,184$4,677,822$3,491,333$9,792,854
82$13,175,877$4,868,627$3,569,885$10,657,366
83$14,480,199$5,067,573$3,649,859$11,606,184
84$15,916,314$5,275,018$3,731,264$12,647,796
85$17,497,625$5,491,342$3,814,108$13,791,547
86$19,238,902$5,716,937$3,898,400$15,047,737
87$21,156,420$5,952,217$3,984,147$16,427,708
88$23,268,112$6,197,612$4,071,353$17,943,958
89$25,593,740$6,453,575$4,160,023$19,610,255
90$28,155,078$6,720,577$4,250,160$21,441,768
91$30,976,122$6,999,112$4,341,767$23,455,208
92$34,083,313$7,289,695$4,434,843$25,668,986
93$37,505,788$7,592,867$4,529,387$28,103,388
94$41,275,654$7,909,193$4,625,397$30,780,761
95$45,428,290$8,239,263$4,722,867$33,725,731
96$50,002,685$8,583,696$4,821,793$36,965,428
97$55,041,801$8,943,139$4,922,164$40,529,744
98$60,592,979$9,318,268$5,023,972$44,451,616
99$66,708,391$9,709,791$5,127,203$48,767,334
100$73,445,525$10,118,449$5,231,842$53,516,884