Can I retire at age 64 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$203,145$201,335$199,570$197,846$196,164$190,803
2 years$100,567$98,694$96,878$95,118$93,411$88,049
3 years$66,378$64,497$62,687$60,943$59,264$54,069
4 years$49,288$47,412$45,620$43,906$42,268$37,279
5 years$39,036$37,172$35,403$33,724$32,131$27,363
6 years$32,204$30,354$28,611$26,970$25,424$20,881
7 years$27,325$25,491$23,776$22,173$20,677$16,359
8 years$23,668$21,850$20,164$18,600$17,153$13,059
9 years$20,825$19,025$17,367$15,843$14,446$10,570
10 years$18,552$16,769$15,141$13,657$12,308$8,647
11 years$16,694$14,929$13,330$11,886$10,586$7,133
12 years$15,146$13,399$11,830$10,426$9,173$5,922
13 years$13,838$12,109$10,569$9,204$7,999$4,943
14 years$12,717$11,007$9,496$8,170$7,012$4,144
15 years$11,747$10,055$8,574$7,287$6,174$3,486
16 years$10,899$9,225$7,774$6,524$5,457$2,941
17 years$10,151$8,496$7,074$5,862$4,838$2,487
18 years$9,487$7,851$6,457$5,283$4,302$2,108
19 years$8,894$7,276$5,911$4,774$3,834$1,789
20 years$8,361$6,761$5,425$4,323$3,425$1,521
21 years$7,879$6,298$4,990$3,924$3,065$1,295
22 years$7,441$5,879$4,599$3,568$2,747$1,103
23 years$7,043$5,498$4,247$3,249$2,466$940
24 years$6,678$5,152$3,927$2,963$2,217$802
25 years$6,342$4,834$3,637$2,706$1,995$685
26 years$6,033$4,544$3,374$2,474$1,797$585
27 years$5,748$4,276$3,133$2,265$1,620$500
28 years$5,483$4,029$2,912$2,075$1,462$428
29 years$5,237$3,801$2,710$1,903$1,320$366
30 years$5,007$3,590$2,524$1,746$1,193$313
31 years$4,793$3,394$2,353$1,604$1,078$268
32 years$4,593$3,211$2,196$1,474$975$229
33 years$4,405$3,041$2,050$1,356$883$196
34 years$4,229$2,882$1,916$1,247$799$168
35 years$4,063$2,734$1,791$1,148$724$144
36 years$3,907$2,595$1,675$1,057$656$123
37 years$3,760$2,464$1,568$974$594$105
38 years$3,620$2,342$1,468$898$539$90
39 years$3,488$2,227$1,376$828$489$77
40 years$3,363$2,119$1,290$764$443$66
41 years$3,245$2,017$1,209$705$402$57
42 years$3,132$1,921$1,134$650$365$49
43 years$3,025$1,830$1,064$600$331$42
44 years$2,923$1,744$999$554$301$36
45 years$2,826$1,664$938$512$273$31
46 years$2,733$1,587$881$473$248$26
47 years$2,645$1,514$828$437$225$22
48 years$2,560$1,446$778$404$204$19
49 years$2,479$1,381$731$373$186$16
50 years$2,402$1,319$687$345$169$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,460,000, adding $3,861 every year, while hoping to spend $23,592 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: 67/22/11 Blend
63$2,460,000$2,460,000$2,460,000$2,460,000
64$2,714,903$2,584,523$2,546,393$2,890,134
65$2,966,721$2,686,063$2,606,595$3,108,748
66$3,243,434$2,791,787$2,668,024$3,344,504
67$3,547,556$2,901,877$2,730,694$3,601,648
68$3,881,858$3,016,519$2,794,623$3,882,271
69$4,249,390$3,135,912$2,859,826$4,188,673
70$4,653,516$3,260,259$2,926,318$4,523,385
71$5,097,939$3,389,776$2,994,114$4,889,194
72$5,586,740$3,524,687$3,063,229$5,289,167
73$6,124,418$3,665,226$3,133,677$5,726,679
74$6,715,924$3,811,639$3,205,471$6,205,447
75$7,366,719$3,964,180$3,278,625$6,729,562
76$8,082,818$4,123,117$3,353,152$7,303,527
77$8,870,845$4,288,731$3,429,063$7,932,302
78$9,738,105$4,461,312$3,506,370$8,621,346
79$10,692,642$4,641,166$3,585,083$9,376,672
80$11,743,320$4,828,612$3,665,213$10,204,900
81$12,899,909$5,023,985$3,746,767$11,113,319
82$14,173,171$5,227,631$3,829,756$12,109,959
83$15,574,967$5,439,917$3,914,184$13,203,662
84$17,118,363$5,661,223$4,000,059$14,404,163
85$18,817,761$5,891,948$4,087,386$15,722,189
86$20,689,027$6,132,507$4,176,168$17,169,551
87$22,749,645$6,383,338$4,266,407$18,759,259
88$25,018,883$6,644,895$4,358,105$20,505,644
89$27,517,969$6,917,655$4,451,261$22,424,490
90$30,270,297$7,202,115$4,545,874$24,533,186
91$33,301,645$7,498,797$4,641,939$26,850,883
92$36,640,420$7,808,245$4,739,452$29,398,682
93$40,317,924$8,131,030$4,838,404$32,199,822
94$44,368,649$8,467,747$4,938,787$35,279,910
95$48,830,603$8,819,019$5,040,589$38,667,151
96$53,745,673$9,185,499$5,143,796$42,392,618
97$59,160,011$9,567,868$5,248,393$46,490,546
98$65,124,479$9,966,840$5,354,361$50,998,650
99$71,695,122$10,383,161$5,461,678$55,958,479
100$78,933,701$10,817,613$5,570,321$61,415,813