Can I retire at age 64 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$200,667$198,880$197,136$195,434$193,772$188,021
2 years$99,340$97,490$95,697$93,958$92,272$86,526
3 years$65,569$63,711$61,922$60,200$58,541$52,980
4 years$48,687$46,834$45,064$43,371$41,752$36,418
5 years$38,560$36,719$34,971$33,313$31,739$26,647
6 years$31,811$29,983$28,262$26,641$25,114$20,268
7 years$26,992$25,180$23,486$21,903$20,425$15,824
8 years$23,380$21,584$19,918$18,374$16,944$12,587
9 years$20,571$18,793$17,155$15,650$14,269$10,152
10 years$18,326$16,565$14,956$13,491$12,158$8,274
11 years$16,490$14,747$13,167$11,741$10,457$6,798
12 years$14,962$13,236$11,686$10,298$9,061$5,622
13 years$13,669$11,961$10,440$9,092$7,902$4,674
14 years$12,562$10,873$9,381$8,071$6,927$3,902
15 years$11,604$9,932$8,469$7,198$6,099$3,269
16 years$10,766$9,113$7,679$6,445$5,390$2,746
17 years$10,027$8,392$6,987$5,791$4,779$2,312
18 years$9,372$7,755$6,379$5,218$4,249$1,951
19 years$8,786$7,187$5,839$4,715$3,788$1,648
20 years$8,259$6,679$5,359$4,271$3,383$1,395
21 years$7,783$6,221$4,929$3,876$3,028$1,182
22 years$7,351$5,807$4,543$3,524$2,714$1,002
23 years$6,957$5,431$4,195$3,209$2,436$850
24 years$6,596$5,089$3,879$2,927$2,190$722
25 years$6,265$4,775$3,593$2,673$1,970$614
26 years$5,960$4,488$3,332$2,444$1,775$522
27 years$5,677$4,224$3,094$2,237$1,600$444
28 years$5,416$3,980$2,877$2,050$1,444$378
29 years$5,173$3,755$2,677$1,880$1,304$321
30 years$4,946$3,546$2,494$1,725$1,178$273
31 years$4,735$3,352$2,325$1,584$1,065$233
32 years$4,537$3,172$2,169$1,456$963$198
33 years$4,352$3,004$2,025$1,339$872$169
34 years$4,178$2,847$1,892$1,232$789$144
35 years$4,014$2,700$1,769$1,134$715$123
36 years$3,859$2,563$1,655$1,045$648$104
37 years$3,714$2,434$1,549$962$587$89
38 years$3,576$2,313$1,451$887$532$76
39 years$3,446$2,200$1,359$818$483$65
40 years$3,322$2,093$1,274$754$438$55
41 years$3,205$1,992$1,194$696$397$47
42 years$3,094$1,897$1,120$642$360$40
43 years$2,988$1,808$1,051$593$327$34
44 years$2,887$1,723$987$548$297$29
45 years$2,791$1,643$927$506$270$25
46 years$2,700$1,568$870$467$245$21
47 years$2,612$1,496$818$432$222$18
48 years$2,529$1,428$768$399$202$15
49 years$2,449$1,364$722$369$183$13
50 years$2,373$1,303$679$341$166$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,430,000, adding $2,769 every year, while hoping to spend $44,652 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: 41/41/18 Blend
63$2,430,000$2,430,000$2,430,000$2,430,000
64$2,680,716$2,551,926$2,514,261$2,776,293
65$2,906,640$2,629,461$2,550,980$2,921,970
66$3,154,111$2,709,299$2,587,431$3,075,002
67$3,425,281$2,791,505$2,623,561$3,239,704
68$3,722,518$2,876,147$2,659,308$3,417,164
69$4,048,430$2,963,294$2,694,611$3,608,577
70$4,405,891$3,053,016$2,729,401$3,815,261
71$4,798,066$3,145,388$2,763,610$4,038,664
72$5,228,440$3,240,483$2,797,162$4,280,380
73$5,700,853$3,338,379$2,829,979$4,542,160
74$6,219,534$3,439,153$2,861,977$4,825,936
75$6,789,141$3,542,887$2,893,069$5,133,829
76$7,414,808$3,649,663$2,923,161$5,468,178
77$8,102,189$3,759,566$2,952,157$5,831,556
78$8,857,510$3,872,683$2,979,953$6,226,794
79$9,687,635$3,989,104$3,006,440$6,657,012
80$10,600,122$4,108,918$3,031,504$7,125,642
81$11,603,300$4,232,220$3,055,025$7,636,467
82$12,706,344$4,359,107$3,076,875$8,193,648
83$13,919,363$4,489,675$3,096,922$8,801,772
84$15,253,494$4,624,025$3,115,026$9,465,888
85$16,721,009$4,762,261$3,131,038$10,191,556
86$18,335,428$4,904,488$3,144,803$10,984,903
87$20,111,647$5,050,813$3,156,160$11,852,675
88$22,066,080$5,201,348$3,164,936$12,802,304
89$24,216,811$5,356,204$3,170,952$13,841,976
90$26,583,766$5,515,498$3,174,019$14,980,709
91$29,188,901$5,679,349$3,173,939$16,228,438
92$32,056,407$5,847,875$3,170,505$17,596,105
93$35,212,942$6,021,203$3,163,498$19,095,768
94$38,687,878$6,199,457$3,152,691$20,740,711
95$42,513,577$6,382,766$3,137,842$22,545,566
96$46,725,704$6,571,264$3,118,701$24,526,456
97$51,363,553$6,765,083$3,095,005$26,701,147
98$56,470,426$6,964,362$3,066,478$29,089,209
99$62,094,035$7,169,241$3,032,831$31,712,208
100$68,286,956$7,379,864$2,993,760$34,593,904