Can I retire at age 64 with 2,500,000?

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 $2,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$206,448$204,609$202,815$201,063$199,354$194,772
2 years$102,202$100,298$98,454$96,665$94,930$90,339
3 years$67,458$65,546$63,706$61,934$60,228$55,771
4 years$50,089$48,183$46,362$44,620$42,955$38,667
5 years$39,671$37,776$35,979$34,273$32,654$28,547
6 years$32,727$30,847$29,076$27,408$25,838$21,916
7 years$27,770$25,905$24,162$22,534$21,013$17,277
8 years$24,053$22,206$20,492$18,903$17,432$13,880
9 years$21,164$19,334$17,649$16,101$14,680$11,310
10 years$18,854$17,042$15,387$13,879$12,509$9,316
11 years$16,965$15,172$13,547$12,079$10,758$7,738
12 years$15,393$13,617$12,022$10,595$9,322$6,472
13 years$14,063$12,306$10,741$9,354$8,129$5,442
14 years$12,924$11,186$9,651$8,303$7,126$4,596
15 years$11,938$10,218$8,713$7,405$6,274$3,897
16 years$11,076$9,375$7,900$6,630$5,545$3,313
17 years$10,316$8,634$7,189$5,957$4,917$2,825
18 years$9,642$7,978$6,562$5,369$4,372$2,413
19 years$9,039$7,394$6,008$4,851$3,897$2,065
20 years$8,497$6,871$5,513$4,394$3,481$1,770
21 years$8,007$6,400$5,071$3,988$3,115$1,520
22 years$7,562$5,974$4,674$3,626$2,792$1,306
23 years$7,157$5,588$4,316$3,302$2,506$1,123
24 years$6,786$5,235$3,991$3,012$2,253$967
25 years$6,445$4,913$3,697$2,750$2,027$833
26 years$6,131$4,617$3,428$2,515$1,826$718
27 years$5,841$4,346$3,184$2,302$1,646$619
28 years$5,572$4,095$2,960$2,109$1,485$534
29 years$5,322$3,863$2,754$1,934$1,341$461
30 years$5,089$3,648$2,565$1,775$1,212$398
31 years$4,871$3,449$2,392$1,630$1,096$343
32 years$4,668$3,263$2,231$1,498$991$297
33 years$4,477$3,090$2,084$1,378$897$256
34 years$4,298$2,929$1,947$1,268$812$221
35 years$4,129$2,778$1,820$1,167$736$191
36 years$3,971$2,637$1,703$1,075$666$165
37 years$3,821$2,504$1,594$990$604$143
38 years$3,679$2,380$1,492$913$548$124
39 years$3,545$2,263$1,398$841$497$107
40 years$3,418$2,153$1,310$776$450$92
41 years$3,297$2,050$1,229$716$409$80
42 years$3,183$1,952$1,153$661$371$69
43 years$3,074$1,860$1,082$610$337$60
44 years$2,970$1,773$1,015$563$305$52
45 years$2,872$1,691$953$520$277$45
46 years$2,777$1,613$895$481$252$39
47 years$2,688$1,539$841$444$229$33
48 years$2,602$1,469$791$410$208$29
49 years$2,519$1,403$743$379$189$25
50 years$2,441$1,340$699$350$171$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,500,000, adding $5,560 every year, while hoping to spend $20,263 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: 42/45/13 Blend
63$2,500,000$2,500,000$2,500,000$2,500,000
64$2,760,735$2,628,235$2,589,485$2,865,950
65$3,020,770$2,735,459$2,654,673$3,047,568
66$3,306,650$2,847,258$2,721,366$3,241,667
67$3,620,989$2,963,834$2,789,592$3,451,401
68$3,966,668$3,085,400$2,859,382$3,678,206
69$4,346,861$3,212,177$2,930,764$3,923,662
70$4,765,065$3,344,398$3,003,768$4,189,500
71$5,225,132$3,482,304$3,078,425$4,477,622
72$5,731,309$3,626,150$3,154,766$4,790,116
73$6,288,271$3,776,200$3,232,819$5,129,278
74$6,901,173$3,932,733$3,312,617$5,497,626
75$7,575,694$4,096,038$3,394,191$5,897,931
76$8,318,090$4,266,418$3,477,571$6,333,236
77$9,135,254$4,444,192$3,562,789$6,806,887
78$10,034,784$4,629,692$3,649,877$7,322,559
79$11,025,050$4,823,265$3,738,866$7,884,296
80$12,115,275$5,025,274$3,829,787$8,496,543
81$13,315,621$5,236,101$3,922,673$9,164,186
82$14,637,287$5,456,142$4,017,555$9,892,602
83$16,092,612$5,685,815$4,114,465$10,687,701
84$17,695,194$5,925,555$4,213,435$11,555,989
85$19,460,014$6,175,818$4,314,496$12,504,618
86$21,403,584$6,437,081$4,417,679$13,541,460
87$23,544,095$6,709,844$4,523,017$14,675,174
88$25,901,594$6,994,628$4,630,540$15,915,291
89$28,498,173$7,291,980$4,740,279$17,272,296
90$31,358,173$7,602,474$4,852,265$18,757,732
91$34,508,418$7,926,707$4,966,527$20,384,299
92$37,978,467$8,265,306$5,083,096$22,165,980
93$41,800,892$8,618,927$5,202,002$24,118,162
94$46,011,587$8,988,258$5,323,272$26,257,788
95$50,650,102$9,374,016$5,446,935$28,603,506
96$55,760,024$9,776,955$5,573,019$31,175,849
97$61,389,382$10,197,861$5,701,551$33,997,422
98$67,591,103$10,637,560$5,832,556$37,093,114
99$74,423,509$11,096,914$5,966,061$40,490,330
100$81,950,871$11,576,827$6,102,088$44,219,248