Can I retire at age 64 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$189,932$188,240$186,589$184,978$183,405$180,963
2 years$94,026$92,275$90,577$88,932$87,336$84,880
3 years$62,061$60,302$58,610$56,980$55,409$53,015
4 years$46,082$44,329$42,653$41,051$39,518$37,205
5 years$36,497$34,754$33,100$31,531$30,041$27,815
6 years$30,109$28,379$26,750$25,215$23,771$21,634
7 years$25,548$23,833$22,229$20,731$19,332$17,286
8 years$22,129$20,429$18,852$17,391$16,038$14,082
9 years$19,471$17,787$16,237$14,813$13,506$11,640
10 years$17,346$15,679$14,156$12,769$11,508$9,729
11 years$15,608$13,958$12,463$11,113$9,897$8,205
12 years$14,161$12,528$11,060$9,747$8,577$6,969
13 years$12,938$11,321$9,882$8,606$7,479$5,954
14 years$11,890$10,291$8,879$7,639$6,556$5,111
15 years$10,983$9,401$8,016$6,813$5,772$4,405
16 years$10,190$8,625$7,268$6,100$5,102$3,810
17 years$9,491$7,943$6,614$5,481$4,524$3,304
18 years$8,870$7,340$6,037$4,939$4,022$2,872
19 years$8,316$6,803$5,527$4,463$3,585$2,502
20 years$7,817$6,321$5,072$4,042$3,202$2,184
21 years$7,366$5,888$4,666$3,669$2,866$1,909
22 years$6,957$5,496$4,300$3,336$2,569$1,671
23 years$6,585$5,141$3,970$3,038$2,306$1,464
24 years$6,243$4,816$3,672$2,771$2,072$1,284
25 years$5,930$4,520$3,401$2,530$1,865$1,127
26 years$5,641$4,248$3,154$2,314$1,680$990
27 years$5,374$3,998$2,929$2,118$1,514$871
28 years$5,126$3,767$2,723$1,940$1,367$766
29 years$4,896$3,554$2,534$1,779$1,234$674
30 years$4,682$3,356$2,360$1,633$1,115$594
31 years$4,482$3,173$2,200$1,500$1,008$523
32 years$4,294$3,002$2,053$1,378$912$461
33 years$4,119$2,843$1,917$1,267$825$406
34 years$3,954$2,695$1,791$1,166$747$358
35 years$3,799$2,556$1,674$1,073$677$316
36 years$3,653$2,426$1,566$989$613$278
37 years$3,515$2,304$1,466$911$556$246
38 years$3,385$2,190$1,373$840$504$217
39 years$3,261$2,082$1,286$774$457$191
40 years$3,144$1,981$1,206$714$414$169
41 years$3,034$1,886$1,131$659$376$149
42 years$2,928$1,796$1,060$608$341$132
43 years$2,828$1,711$995$561$310$116
44 years$2,733$1,631$934$518$281$103
45 years$2,642$1,555$877$479$255$91
46 years$2,555$1,484$824$442$232$80
47 years$2,473$1,416$774$408$210$71
48 years$2,393$1,352$727$377$191$62
49 years$2,318$1,291$684$349$173$55
50 years$2,246$1,233$643$322$158$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,300,000, adding $3,289 every year, while hoping to spend $28,331 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: 73/13/14 Blend
63$2,300,000$2,300,000$2,300,000$2,300,000
64$2,537,993$2,416,093$2,380,443$2,715,332
65$2,766,724$2,504,337$2,430,043$2,921,416
66$3,017,836$2,595,956$2,480,356$3,143,281
67$3,293,583$2,691,085$2,531,375$3,385,546
68$3,596,445$2,789,865$2,583,093$3,650,227
69$3,929,157$2,892,443$2,635,502$3,939,541
70$4,294,730$2,998,972$2,688,590$4,255,931
71$4,696,484$3,109,613$2,742,349$4,602,087
72$5,138,072$3,224,531$2,796,765$4,980,970
73$5,623,523$3,343,901$2,851,824$5,395,841
74$6,157,273$3,467,902$2,907,511$5,850,293
75$6,744,210$3,596,725$2,963,807$6,348,281
76$7,389,720$3,730,564$3,020,695$6,894,161
77$8,099,736$3,869,627$3,078,153$7,492,733
78$8,880,796$4,014,126$3,136,159$8,149,280
79$9,740,103$4,164,284$3,194,686$8,869,626
80$10,685,594$4,320,334$3,253,708$9,660,181
81$11,726,013$4,482,519$3,313,196$10,528,010
82$12,870,995$4,651,091$3,373,116$11,480,894
83$14,131,156$4,826,314$3,433,436$12,527,404
84$15,518,195$5,008,464$3,494,116$13,676,982
85$17,044,999$5,197,828$3,555,118$14,940,032
86$18,725,773$5,394,704$3,616,398$16,328,012
87$20,576,163$5,599,407$3,677,909$17,853,548
88$22,613,415$5,812,261$3,739,602$19,530,550
89$24,856,529$6,033,607$3,801,424$21,374,341
90$27,326,442$6,263,801$3,863,319$23,401,805
91$30,046,224$6,503,212$3,925,225$25,631,543
92$33,041,297$6,752,228$3,987,078$28,084,049
93$36,339,674$7,011,252$4,048,810$30,781,904
94$39,972,222$7,280,705$4,110,347$33,749,987
95$43,972,957$7,561,027$4,171,611$37,015,709
96$48,379,358$7,852,677$4,232,520$40,609,274
97$53,232,729$8,156,135$4,292,986$44,563,961
98$58,578,583$8,471,900$4,352,916$48,916,437
99$64,467,071$8,800,496$4,412,211$53,707,106
100$70,953,459$9,142,467$4,470,767$58,980,486