Can I retire at age 64 with 2,380,000?

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$196,538$194,788$193,080$191,412$189,785$187,803
2 years$97,296$95,484$93,728$92,025$90,374$88,378
3 years$64,220$62,400$60,648$58,961$57,337$55,389
4 years$47,685$45,871$44,136$42,478$40,893$39,008
5 years$37,766$35,963$34,252$32,627$31,086$29,270
6 years$31,156$29,367$27,680$26,092$24,597$22,852
7 years$26,437$24,662$23,003$21,452$20,004$18,330
8 years$22,899$21,140$19,508$17,996$16,596$14,993
9 years$20,148$18,406$16,802$15,328$13,976$12,444
10 years$17,949$16,224$14,649$13,213$11,908$10,446
11 years$16,151$14,443$12,896$11,499$10,241$8,848
12 years$14,654$12,964$11,445$10,086$8,875$7,549
13 years$13,388$11,715$10,226$8,905$7,739$6,478
14 years$12,304$10,649$9,188$7,905$6,784$5,587
15 years$11,365$9,728$8,295$7,050$5,973$4,838
16 years$10,544$8,925$7,521$6,312$5,279$4,205
17 years$9,821$8,220$6,844$5,671$4,681$3,664
18 years$9,179$7,595$6,247$5,111$4,162$3,202
19 years$8,605$7,039$5,719$4,618$3,710$2,804
20 years$8,089$6,541$5,249$4,183$3,314$2,459
21 years$7,623$6,093$4,828$3,796$2,965$2,161
22 years$7,199$5,688$4,450$3,452$2,658$1,901
23 years$6,814$5,319$4,108$3,143$2,386$1,675
24 years$6,460$4,984$3,800$2,867$2,145$1,477
25 years$6,136$4,677$3,519$2,618$1,930$1,304
26 years$5,837$4,396$3,264$2,394$1,738$1,152
27 years$5,561$4,137$3,031$2,191$1,567$1,018
28 years$5,305$3,898$2,818$2,008$1,414$901
29 years$5,066$3,678$2,622$1,841$1,277$797
30 years$4,845$3,473$2,442$1,690$1,154$706
31 years$4,638$3,283$2,277$1,552$1,043$626
32 years$4,444$3,107$2,124$1,426$944$554
33 years$4,262$2,942$1,983$1,311$854$492
34 years$4,092$2,788$1,853$1,207$773$436
35 years$3,931$2,645$1,733$1,111$700$387
36 years$3,780$2,510$1,621$1,023$634$343
37 years$3,637$2,384$1,517$943$575$304
38 years$3,502$2,266$1,421$869$521$270
39 years$3,375$2,155$1,331$801$473$240
40 years$3,254$2,050$1,248$739$429$213
41 years$3,139$1,951$1,170$682$389$189
42 years$3,030$1,858$1,097$629$353$168
43 years$2,926$1,771$1,030$581$320$149
44 years$2,828$1,688$967$536$291$133
45 years$2,734$1,609$908$495$264$118
46 years$2,644$1,535$852$457$240$105
47 years$2,559$1,465$801$423$218$93
48 years$2,477$1,399$753$391$198$83
49 years$2,399$1,336$707$361$180$73
50 years$2,324$1,276$665$334$163$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,380,000, adding $4,902 every year, while hoping to spend $36,883 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: 51/41/8 Blend
63$2,380,000$2,380,000$2,380,000$2,380,000
64$2,627,816$2,501,676$2,464,786$2,756,242
65$2,856,610$2,585,015$2,508,114$2,927,567
66$3,107,505$2,671,202$2,551,656$3,109,336
67$3,382,716$2,760,336$2,595,382$3,306,056
68$3,684,684$2,852,523$2,639,257$3,519,142
69$4,016,095$2,947,870$2,683,246$3,750,149
70$4,379,911$3,046,490$2,727,309$4,000,783
71$4,779,392$3,148,498$2,771,404$4,272,927
72$5,218,132$3,254,016$2,815,488$4,568,646
73$5,700,087$3,363,169$2,859,513$4,890,214
74$6,229,617$3,476,086$2,903,428$5,240,135
75$6,811,526$3,592,901$2,947,180$5,621,160
76$7,451,103$3,713,755$2,990,712$6,036,318
77$8,154,178$3,838,792$3,033,964$6,488,944
78$8,927,174$3,968,162$3,076,871$6,982,705
79$9,777,165$4,102,021$3,119,366$7,521,641
80$10,711,947$4,240,531$3,161,375$8,110,195
81$11,740,108$4,383,860$3,202,824$8,753,260
82$12,871,111$4,532,181$3,243,631$9,456,224
83$14,115,383$4,685,676$3,283,710$10,225,016
84$15,484,409$4,844,532$3,322,972$11,066,166
85$16,990,848$5,008,943$3,361,321$11,986,864
86$18,648,645$5,179,112$3,398,656$12,995,026
87$20,473,167$5,355,248$3,434,870$14,099,369
88$22,481,343$5,537,569$3,469,852$15,309,495
89$24,691,832$5,726,301$3,503,484$16,635,974
90$27,125,188$5,921,679$3,535,639$18,090,452
91$29,804,062$6,123,946$3,566,188$19,685,753
92$32,753,412$6,333,355$3,594,992$21,436,000
93$36,000,740$6,550,170$3,621,904$23,356,752
94$39,576,350$6,774,663$3,646,772$25,465,145
95$43,513,634$7,007,117$3,669,435$27,780,054
96$47,849,386$7,247,827$3,689,722$30,322,272
97$52,624,151$7,497,099$3,707,456$33,114,704
98$57,882,608$7,755,250$3,722,449$36,182,579
99$63,673,987$8,022,611$3,734,505$39,553,693
100$70,052,539$8,299,523$3,743,416$43,258,666