Can I retire at age 64 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$207,273$205,427$203,626$201,868$200,151$193,512
2 years$102,611$100,700$98,848$97,052$95,310$88,685
3 years$67,728$65,808$63,961$62,182$60,469$54,067
4 years$50,289$48,376$46,547$44,799$43,127$36,997
5 years$39,829$37,927$36,122$34,410$32,784$26,942
6 years$32,858$30,971$29,192$27,518$25,941$20,392
7 years$27,881$26,009$24,259$22,624$21,097$15,840
8 years$24,149$22,295$20,574$18,979$17,502$12,533
9 years$21,249$19,411$17,720$16,166$14,739$10,052
10 years$18,930$17,110$15,449$13,935$12,559$8,146
11 years$17,033$15,232$13,601$12,127$10,801$6,655
12 years$15,454$13,672$12,070$10,637$9,360$5,471
13 years$14,119$12,355$10,784$9,391$8,162$4,521
14 years$12,976$11,230$9,690$8,337$7,155$3,750
15 years$11,986$10,259$8,748$7,435$6,300$3,122
16 years$11,120$9,413$7,932$6,657$5,568$2,606
17 years$10,357$8,669$7,217$5,981$4,937$2,180
18 years$9,680$8,010$6,589$5,390$4,389$1,827
19 years$9,075$7,424$6,032$4,871$3,912$1,533
20 years$8,531$6,899$5,535$4,411$3,495$1,288
21 years$8,039$6,426$5,092$4,003$3,127$1,084
22 years$7,593$5,998$4,693$3,640$2,803$913
23 years$7,186$5,610$4,333$3,315$2,516$769
24 years$6,813$5,256$4,007$3,024$2,262$648
25 years$6,471$4,933$3,711$2,761$2,035$547
26 years$6,156$4,636$3,442$2,525$1,833$462
27 years$5,864$4,363$3,196$2,311$1,653$390
28 years$5,594$4,111$2,971$2,117$1,491$329
29 years$5,343$3,878$2,765$1,942$1,347$278
30 years$5,109$3,663$2,576$1,782$1,217$235
31 years$4,891$3,463$2,401$1,637$1,100$199
32 years$4,687$3,276$2,240$1,504$995$168
33 years$4,495$3,103$2,092$1,383$901$142
34 years$4,315$2,941$1,954$1,273$815$120
35 years$4,146$2,789$1,827$1,171$738$101
36 years$3,986$2,647$1,709$1,079$669$86
37 years$3,836$2,514$1,600$994$606$73
38 years$3,694$2,390$1,498$916$550$61
39 years$3,559$2,272$1,404$845$499$52
40 years$3,432$2,162$1,316$779$452$44
41 years$3,311$2,058$1,234$719$410$37
42 years$3,196$1,960$1,157$664$372$31
43 years$3,086$1,867$1,086$612$338$27
44 years$2,982$1,780$1,019$566$307$22
45 years$2,883$1,697$957$522$278$19
46 years$2,789$1,619$899$482$253$16
47 years$2,698$1,545$845$446$230$14
48 years$2,612$1,475$794$412$208$12
49 years$2,530$1,409$746$381$189$10
50 years$2,451$1,346$701$352$172$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,510,000, adding $5,054 every year, while hoping to spend $49,956 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: 45/29/26 Blend
63$2,510,000$2,510,000$2,510,000$2,510,000
64$2,771,233$2,638,203$2,599,298$2,874,921
65$3,000,746$2,714,322$2,633,222$3,025,025
66$3,251,995$2,792,497$2,666,608$3,182,487
67$3,527,145$2,872,775$2,699,385$3,352,282
68$3,828,578$2,955,206$2,731,479$3,535,585
69$4,158,919$3,039,837$2,762,810$3,733,693
70$4,521,061$3,126,721$2,793,296$3,948,032
71$4,918,185$3,215,906$2,822,847$4,180,172
72$5,353,799$3,307,445$2,851,372$4,431,844
73$5,831,766$3,401,389$2,878,772$4,704,952
74$6,356,339$3,497,791$2,904,944$5,001,595
75$6,932,206$3,596,702$2,929,780$5,324,083
76$7,564,528$3,698,178$2,953,164$5,674,962
77$8,258,991$3,802,270$2,974,977$6,057,036
78$9,021,861$3,909,034$2,995,091$6,473,394
79$9,860,038$4,018,523$3,013,374$6,927,438
80$10,781,124$4,130,793$3,029,684$7,422,919
81$11,793,494$4,245,898$3,043,874$7,963,966
82$12,906,377$4,363,893$3,055,790$8,555,131
83$14,129,937$4,484,833$3,065,269$9,201,428
84$15,475,373$4,608,773$3,072,138$9,908,381
85$16,955,026$4,735,768$3,076,220$10,682,078
86$18,582,491$4,865,872$3,077,325$11,529,228
87$20,372,745$4,999,141$3,075,256$12,457,222
88$22,342,293$5,135,626$3,069,804$13,474,204
89$24,509,318$5,275,383$3,060,754$14,589,150
90$26,893,855$5,418,463$3,047,876$15,811,950
91$29,517,979$5,564,919$3,030,930$17,153,504
92$32,406,013$5,714,800$3,009,667$18,625,820
93$35,584,759$5,868,158$2,983,824$20,242,135
94$39,083,747$6,025,041$2,953,125$22,017,034
95$42,935,517$6,185,495$2,917,281$23,966,590
96$47,175,921$6,349,565$2,875,992$26,108,515
97$51,844,467$6,517,297$2,828,940$28,462,331
98$56,984,688$6,688,730$2,775,795$31,049,549
99$62,644,553$6,863,904$2,716,210$33,893,875
100$68,876,917$7,042,855$2,649,823$37,021,435