Can I retire at age 64 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$190,758$189,058$187,401$185,783$184,203$182,355
2 years$94,434$92,676$90,971$89,319$87,716$85,854
3 years$62,331$60,565$58,864$57,227$55,650$53,834
4 years$46,282$44,521$42,838$41,229$39,690$37,932
5 years$36,656$34,905$33,244$31,668$30,172$28,477
6 years$30,240$28,503$26,866$25,325$23,874$22,245
7 years$25,659$23,937$22,326$20,821$19,416$17,853
8 years$22,225$20,518$18,934$17,466$16,107$14,611
9 years$19,556$17,865$16,308$14,877$13,565$12,134
10 years$17,421$15,747$14,218$12,824$11,558$10,192
11 years$15,676$14,019$12,517$11,161$9,940$8,638
12 years$14,223$12,582$11,109$9,790$8,614$7,374
13 years$12,994$11,371$9,925$8,643$7,512$6,333
14 years$11,942$10,336$8,917$7,672$6,585$5,466
15 years$11,031$9,442$8,051$6,842$5,798$4,736
16 years$10,234$8,663$7,300$6,127$5,124$4,119
17 years$9,532$7,978$6,642$5,505$4,543$3,592
18 years$8,909$7,372$6,064$4,961$4,040$3,141
19 years$8,352$6,832$5,551$4,482$3,601$2,752
20 years$7,851$6,349$5,094$4,060$3,216$2,416
21 years$7,398$5,914$4,686$3,684$2,878$2,124
22 years$6,988$5,520$4,319$3,350$2,580$1,871
23 years$6,613$5,163$3,988$3,051$2,316$1,649
24 years$6,270$4,837$3,688$2,783$2,081$1,456
25 years$5,956$4,540$3,416$2,541$1,873$1,286
26 years$5,665$4,267$3,168$2,324$1,687$1,137
27 years$5,397$4,015$2,942$2,127$1,521$1,006
28 years$5,148$3,784$2,735$1,949$1,372$891
29 years$4,917$3,569$2,545$1,787$1,239$789
30 years$4,702$3,371$2,370$1,640$1,120$699
31 years$4,501$3,187$2,210$1,506$1,012$620
32 years$4,313$3,015$2,062$1,384$916$550
33 years$4,137$2,855$1,925$1,273$829$488
34 years$3,971$2,706$1,799$1,171$750$433
35 years$3,816$2,567$1,682$1,078$680$384
36 years$3,669$2,436$1,573$993$616$341
37 years$3,530$2,314$1,472$915$558$303
38 years$3,399$2,199$1,379$843$506$269
39 years$3,276$2,091$1,292$778$459$239
40 years$3,158$1,990$1,211$717$416$213
41 years$3,047$1,894$1,135$662$378$189
42 years$2,941$1,804$1,065$611$343$168
43 years$2,840$1,719$999$564$311$149
44 years$2,745$1,638$938$520$282$133
45 years$2,653$1,562$881$481$256$118
46 years$2,566$1,490$827$444$233$105
47 years$2,483$1,422$777$410$211$93
48 years$2,404$1,358$730$379$192$83
49 years$2,328$1,296$687$350$174$74
50 years$2,255$1,238$645$324$158$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,310,000, adding $5,290 every year, while hoping to spend $55,458 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: 65/7/28 Blend
63$2,310,000$2,310,000$2,310,000$2,310,000
64$2,551,077$2,428,647$2,392,842$2,697,681
65$2,752,280$2,488,643$2,413,995$2,857,429
66$2,972,146$2,549,721$2,433,998$3,025,340
67$3,212,523$2,611,875$2,452,754$3,207,665
68$3,475,439$2,675,096$2,470,161$3,405,828
69$3,763,134$2,739,375$2,486,111$3,621,400
70$4,078,069$2,804,700$2,500,491$3,856,113
71$4,422,956$2,871,055$2,513,182$4,111,873
72$4,800,784$2,938,423$2,524,060$4,390,782
73$5,214,840$3,006,782$2,532,992$4,695,158
74$5,668,749$3,076,109$2,539,842$5,027,554
75$6,166,498$3,146,375$2,544,464$5,390,783
76$6,712,484$3,217,550$2,546,706$5,787,948
77$7,311,545$3,289,599$2,546,409$6,222,468
78$7,969,014$3,362,480$2,543,405$6,698,108
79$8,690,763$3,436,152$2,537,519$7,219,024
80$9,483,262$3,510,564$2,528,566$7,789,791
81$10,353,635$3,585,662$2,516,354$8,415,454
82$11,309,733$3,661,387$2,500,679$9,101,573
83$12,360,205$3,737,674$2,481,331$9,854,278
84$13,514,576$3,814,450$2,458,086$10,680,322
85$14,783,342$3,891,638$2,430,711$11,587,150
86$16,178,067$3,969,151$2,398,963$12,582,969
87$17,711,488$4,046,898$2,362,587$13,676,823
88$19,397,641$4,124,777$2,321,315$14,878,681
89$21,251,988$4,202,679$2,274,866$16,199,529
90$23,291,566$4,280,485$2,222,950$17,651,478
91$25,535,145$4,358,068$2,165,258$19,247,875
92$28,003,406$4,435,290$2,101,470$21,003,431
93$30,719,135$4,512,001$2,031,251$22,934,360
94$33,707,439$4,588,041$1,954,250$25,058,534
95$36,995,981$4,663,239$1,870,101$27,395,649
96$40,615,242$4,737,408$1,778,420$29,967,414
97$44,598,806$4,810,350$1,678,806$32,797,755
98$48,983,678$4,881,852$1,570,841$35,913,044
99$53,810,636$4,951,685$1,454,086$39,342,344
100$59,124,607$5,019,604$1,328,085$43,117,689