Can I retire at age 64 with 2,370,000?

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 $2,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$195,712$193,969$192,268$190,608$188,987$181,632
2 years$96,887$95,083$93,334$91,639$89,994$82,673
3 years$63,950$62,138$60,393$58,714$57,096$50,039
4 years$47,484$45,678$43,951$42,300$40,721$33,982
5 years$37,608$35,812$34,108$32,490$30,956$24,552
6 years$31,025$29,243$27,564$25,983$24,494$18,430
7 years$26,326$24,558$22,906$21,362$19,920$14,194
8 years$22,802$21,051$19,426$17,920$16,526$11,131
9 years$20,064$18,329$16,732$15,264$13,917$8,846
10 years$17,874$16,156$14,587$13,158$11,858$7,101
11 years$16,083$14,383$12,842$11,451$10,198$5,745
12 years$14,592$12,909$11,397$10,044$8,838$4,676
13 years$13,332$11,666$10,183$8,867$7,707$3,824
14 years$12,252$10,604$9,149$7,872$6,756$3,140
15 years$11,317$9,687$8,260$7,020$5,948$2,586
16 years$10,500$8,888$7,489$6,286$5,257$2,135
17 years$9,780$8,185$6,815$5,648$4,661$1,766
18 years$9,140$7,564$6,221$5,090$4,145$1,463
19 years$8,569$7,010$5,695$4,599$3,694$1,214
20 years$8,055$6,514$5,227$4,165$3,300$1,009
21 years$7,591$6,067$4,808$3,780$2,953$839
22 years$7,169$5,664$4,431$3,437$2,647$698
23 years$6,785$5,297$4,091$3,130$2,376$581
24 years$6,433$4,963$3,784$2,855$2,136$484
25 years$6,110$4,658$3,504$2,607$1,922$404
26 years$5,813$4,377$3,250$2,384$1,731$337
27 years$5,537$4,120$3,018$2,182$1,561$281
28 years$5,282$3,882$2,806$1,999$1,408$234
29 years$5,045$3,662$2,611$1,833$1,272$196
30 years$4,824$3,458$2,432$1,683$1,149$163
31 years$4,618$3,269$2,267$1,545$1,039$136
32 years$4,425$3,094$2,115$1,420$940$114
33 years$4,244$2,930$1,975$1,306$850$95
34 years$4,074$2,777$1,845$1,202$770$79
35 years$3,915$2,634$1,725$1,106$697$66
36 years$3,764$2,500$1,614$1,019$632$55
37 years$3,622$2,374$1,511$939$573$46
38 years$3,488$2,256$1,415$865$519$39
39 years$3,361$2,145$1,325$798$471$32
40 years$3,240$2,041$1,242$736$427$27
41 years$3,126$1,943$1,165$679$387$22
42 years$3,017$1,851$1,093$626$352$19
43 years$2,914$1,763$1,025$578$319$16
44 years$2,816$1,681$963$534$290$13
45 years$2,722$1,603$904$493$263$11
46 years$2,633$1,529$849$456$239$9
47 years$2,548$1,459$797$421$217$8
48 years$2,466$1,393$749$389$197$6
49 years$2,388$1,330$704$359$179$5
50 years$2,314$1,271$662$332$162$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,370,000, adding $6,456 every year, while hoping to spend $22,829 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: 65/25/10 Blend
63$2,370,000$2,370,000$2,370,000$2,370,000
64$2,618,399$2,492,789$2,456,054$2,782,581
65$2,861,186$2,590,646$2,514,042$2,990,680
66$3,127,972$2,692,533$2,573,208$3,214,676
67$3,421,181$2,798,623$2,633,566$3,458,827
68$3,743,483$2,909,097$2,695,132$3,725,093
69$4,097,820$3,024,145$2,757,921$4,015,634
70$4,487,434$3,143,963$2,821,947$4,332,825
71$4,915,894$3,268,760$2,887,224$4,679,278
72$5,387,136$3,398,750$2,953,767$5,057,871
73$5,905,494$3,534,158$3,021,588$5,471,769
74$6,475,744$3,675,222$3,090,701$5,924,456
75$7,103,148$3,822,185$3,161,117$6,419,767
76$7,793,503$3,975,307$3,232,849$6,961,924
77$8,553,199$4,134,855$3,305,908$7,555,574
78$9,389,274$4,301,112$3,380,304$8,205,835
79$10,309,483$4,474,369$3,456,048$8,918,339
80$11,322,372$4,654,935$3,533,147$9,699,290
81$12,437,358$4,843,131$3,611,611$10,555,518
82$13,664,815$5,039,291$3,691,447$11,494,543
83$15,016,177$5,243,767$3,772,661$12,524,647
84$16,504,040$5,456,925$3,855,259$13,654,950
85$18,142,287$5,679,149$3,939,244$14,895,497
86$19,946,211$5,910,838$4,024,620$16,257,349
87$21,932,669$6,152,413$4,111,389$17,752,689
88$24,120,231$6,404,312$4,199,551$19,394,936
89$26,529,363$6,666,992$4,289,104$21,198,868
90$29,182,616$6,940,932$4,380,048$23,180,765
91$32,104,840$7,226,635$4,472,376$25,358,557
92$35,323,417$7,524,623$4,566,083$27,751,996
93$38,868,520$7,835,444$4,661,162$30,382,838
94$42,773,401$8,159,673$4,757,603$33,275,050
95$47,074,700$8,497,908$4,855,394$36,455,033
96$51,812,790$8,850,777$4,954,521$39,951,870
97$57,032,164$9,218,935$5,054,967$43,797,603
98$62,781,851$9,603,068$5,156,714$48,027,527
99$69,115,876$10,003,895$5,259,741$52,680,528
100$76,093,776$10,422,166$5,364,022$57,799,447