Can I retire at age 64 with 2,390,000?

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$197,364$195,606$193,891$192,217$190,582$185,598
2 years$97,705$95,885$94,122$92,412$90,753$85,766
3 years$64,490$62,662$60,903$59,209$57,578$52,743
4 years$47,885$46,063$44,322$42,657$41,065$36,420
5 years$37,925$36,114$34,396$32,765$31,217$26,775
6 years$31,287$29,490$27,797$26,202$24,701$20,466
7 years$26,548$24,766$23,099$21,542$20,088$16,061
8 years$22,995$21,229$19,590$18,071$16,665$12,843
9 years$20,233$18,483$16,873$15,393$14,035$10,415
10 years$18,025$16,292$14,710$13,269$11,958$8,536
11 years$16,219$14,504$12,951$11,548$10,284$7,054
12 years$14,715$13,018$11,493$10,129$8,912$5,869
13 years$13,444$11,764$10,268$8,942$7,772$4,909
14 years$12,355$10,694$9,226$7,938$6,813$4,123
15 years$11,413$9,769$8,330$7,079$5,998$3,476
16 years$10,589$8,963$7,552$6,339$5,301$2,939
17 years$9,862$8,254$6,872$5,695$4,701$2,491
18 years$9,217$7,627$6,274$5,133$4,180$2,116
19 years$8,641$7,069$5,743$4,638$3,725$1,800
20 years$8,123$6,569$5,271$4,200$3,327$1,534
21 years$7,655$6,119$4,848$3,812$2,978$1,308
22 years$7,230$5,711$4,468$3,466$2,669$1,117
23 years$6,842$5,342$4,126$3,157$2,396$955
24 years$6,488$5,005$3,816$2,879$2,154$817
25 years$6,162$4,697$3,534$2,629$1,938$699
26 years$5,862$4,414$3,278$2,404$1,746$599
27 years$5,584$4,154$3,044$2,201$1,574$513
28 years$5,327$3,915$2,829$2,016$1,420$440
29 years$5,088$3,693$2,633$1,849$1,282$377
30 years$4,865$3,488$2,453$1,697$1,159$323
31 years$4,657$3,297$2,286$1,558$1,047$277
32 years$4,463$3,120$2,133$1,432$948$238
33 years$4,280$2,954$1,992$1,317$858$204
34 years$4,109$2,800$1,861$1,212$776$175
35 years$3,948$2,656$1,740$1,115$703$150
36 years$3,796$2,521$1,628$1,027$637$129
37 years$3,653$2,394$1,523$947$577$111
38 years$3,517$2,275$1,427$872$524$95
39 years$3,389$2,164$1,337$804$475$82
40 years$3,268$2,058$1,253$742$431$70
41 years$3,152$1,959$1,175$685$391$60
42 years$3,043$1,866$1,102$632$354$52
43 years$2,939$1,778$1,034$583$322$44
44 years$2,840$1,695$971$538$292$38
45 years$2,745$1,616$911$497$265$33
46 years$2,655$1,542$856$459$241$28
47 years$2,569$1,471$804$424$219$24
48 years$2,487$1,405$756$392$198$21
49 years$2,409$1,341$710$362$180$18
50 years$2,333$1,281$668$335$164$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,390,000, adding $5,006 every year, while hoping to spend $23,499 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: 64/13/23 Blend
63$2,390,000$2,390,000$2,390,000$2,390,000
64$2,638,944$2,512,274$2,475,229$2,791,757
65$2,883,113$2,610,372$2,533,146$2,993,504
66$3,151,400$2,712,490$2,592,216$3,210,751
67$3,446,241$2,818,800$2,652,453$3,447,577
68$3,770,316$2,929,480$2,713,869$3,705,900
69$4,126,583$3,044,719$2,776,479$3,987,834
70$4,518,298$3,164,714$2,840,294$4,295,706
71$4,949,048$3,289,669$2,905,327$4,632,078
72$5,422,786$3,419,797$2,971,591$4,999,767
73$5,943,867$3,555,324$3,039,095$5,401,881
74$6,517,088$3,696,481$3,107,852$5,841,836
75$7,147,737$3,843,515$3,177,871$6,323,397
76$7,841,638$3,996,679$3,249,162$6,850,710
77$8,605,209$4,156,240$3,321,732$7,428,339
78$9,445,522$4,322,477$3,395,592$8,061,312
79$10,370,368$4,495,682$3,470,747$8,755,166
80$11,388,332$4,676,157$3,547,204$9,515,998
81$12,508,875$4,864,221$3,624,968$10,350,525
82$13,742,419$5,060,207$3,704,043$11,266,145
83$15,100,450$5,264,462$3,784,434$12,271,007
84$16,595,625$5,477,349$3,866,141$13,374,086
85$18,241,887$5,699,248$3,949,165$14,585,270
86$20,054,604$5,930,555$4,033,506$15,915,451
87$22,050,707$6,171,686$4,119,162$17,376,626
88$24,248,854$6,423,074$4,206,129$18,982,014
89$26,669,605$6,685,173$4,294,403$20,746,174
90$29,335,615$6,958,456$4,383,975$22,685,148
91$32,271,848$7,243,420$4,474,838$24,816,610
92$35,505,813$7,540,584$4,566,982$27,160,027
93$39,067,822$7,850,489$4,660,392$29,736,851
94$42,991,279$8,173,703$4,755,055$32,570,715
95$47,312,994$8,510,818$4,850,953$35,687,655
96$52,073,525$8,862,454$4,948,066$39,116,358
97$57,317,572$9,229,261$5,046,373$42,888,432
98$63,094,386$9,611,917$5,145,848$47,038,701
99$69,458,244$10,011,131$5,246,464$51,605,534
100$76,468,954$10,427,646$5,348,190$56,631,208