Can I retire at age 64 with 2,520,000?

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$208,099$206,246$204,437$202,672$200,948$197,619
2 years$103,019$101,101$99,241$97,438$95,690$92,345
3 years$67,997$66,070$64,216$62,430$60,709$57,454
4 years$50,490$48,569$46,733$44,977$43,299$40,157
5 years$39,988$38,079$36,266$34,547$32,915$29,897
6 years$32,989$31,094$29,309$27,627$26,044$23,153
7 years$27,992$26,113$24,356$22,714$21,181$18,417
8 years$24,246$22,383$20,655$19,054$17,572$14,934
9 years$21,333$19,489$17,791$16,230$14,798$12,286
10 years$19,005$17,178$15,510$13,990$12,609$10,220
11 years$17,101$15,293$13,655$12,176$10,844$8,576
12 years$15,516$13,726$12,118$10,680$9,397$7,247
13 years$14,175$12,404$10,827$9,429$8,194$6,159
14 years$13,027$11,275$9,728$8,370$7,183$5,258
15 years$12,033$10,300$8,783$7,464$6,325$4,507
16 years$11,165$9,450$7,963$6,683$5,590$3,876
17 years$10,399$8,703$7,246$6,005$4,956$3,343
18 years$9,719$8,042$6,615$5,412$4,407$2,889
19 years$9,111$7,453$6,056$4,890$3,928$2,502
20 years$8,565$6,926$5,558$4,429$3,508$2,171
21 years$8,071$6,451$5,112$4,019$3,140$1,886
22 years$7,623$6,022$4,711$3,655$2,814$1,641
23 years$7,214$5,632$4,350$3,328$2,526$1,429
24 years$6,840$5,277$4,023$3,036$2,271$1,246
25 years$6,497$4,952$3,726$2,772$2,043$1,087
26 years$6,180$4,654$3,456$2,535$1,840$949
27 years$5,888$4,380$3,209$2,320$1,659$829
28 years$5,617$4,128$2,983$2,126$1,497$724
29 years$5,364$3,894$2,776$1,949$1,352$633
30 years$5,130$3,677$2,586$1,789$1,222$554
31 years$4,910$3,476$2,411$1,643$1,104$485
32 years$4,705$3,289$2,249$1,510$999$424
33 years$4,513$3,115$2,100$1,389$904$371
34 years$4,332$2,952$1,962$1,278$819$325
35 years$4,162$2,800$1,835$1,176$741$285
36 years$4,002$2,658$1,716$1,083$672$250
37 years$3,851$2,524$1,606$998$609$219
38 years$3,708$2,399$1,504$920$552$192
39 years$3,573$2,281$1,409$848$501$168
40 years$3,445$2,170$1,321$782$454$147
41 years$3,324$2,066$1,239$722$412$129
42 years$3,208$1,968$1,162$666$374$113
43 years$3,099$1,875$1,090$615$339$99
44 years$2,994$1,787$1,023$568$308$87
45 years$2,895$1,704$961$524$280$76
46 years$2,800$1,626$903$484$254$67
47 years$2,709$1,551$848$447$230$59
48 years$2,622$1,481$797$414$209$51
49 years$2,540$1,414$749$382$190$45
50 years$2,460$1,351$704$353$173$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,520,000, adding $3,227 every year, while hoping to spend $32,825 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: 72/10/18 Blend
63$2,520,000$2,520,000$2,520,000$2,520,000
64$2,780,369$2,646,809$2,607,749$2,968,545
65$3,029,041$2,741,577$2,660,183$3,188,774
66$3,301,977$2,839,888$2,713,273$3,425,615
67$3,601,618$2,941,882$2,767,007$3,684,153
68$3,930,652$3,047,703$2,821,371$3,966,534
69$4,292,040$3,157,502$2,876,348$4,275,121
70$4,689,045$3,271,436$2,931,922$4,612,516
71$5,125,258$3,389,668$2,988,073$4,981,582
72$5,604,641$3,512,368$3,044,779$5,385,475
73$6,131,554$3,639,713$3,102,019$5,827,671
74$6,710,801$3,771,888$3,159,766$6,311,996
75$7,347,678$3,909,086$3,217,993$6,842,666
76$8,048,016$4,051,506$3,276,670$7,424,324
77$8,818,241$4,199,357$3,335,766$8,062,085
78$9,665,433$4,352,856$3,395,245$8,761,583
79$10,597,391$4,512,231$3,455,071$9,529,023
80$11,622,712$4,677,717$3,515,202$10,371,242
81$12,750,863$4,849,559$3,575,596$11,295,771
82$13,992,278$5,028,015$3,636,206$12,310,908
83$15,358,454$5,213,351$3,696,982$13,425,792
84$16,862,057$5,405,846$3,757,872$14,650,493
85$18,517,045$5,605,791$3,818,818$15,996,105
86$20,338,795$5,813,486$3,879,761$17,474,852
87$22,344,254$6,029,249$3,940,634$19,100,199
88$24,552,094$6,253,408$4,001,371$20,886,984
89$26,982,887$6,486,305$4,061,897$22,851,553
90$29,659,306$6,728,298$4,122,135$25,011,917
91$32,606,331$6,979,760$4,182,002$27,387,921
92$35,851,488$7,241,079$4,241,410$30,001,431
93$39,425,109$7,512,662$4,300,267$32,876,538
94$43,360,618$7,794,930$4,358,474$36,039,787
95$47,694,845$8,088,325$4,415,926$39,520,429
96$52,468,373$8,393,307$4,472,514$43,350,692
97$57,725,924$8,710,356$4,528,120$47,566,089
98$63,516,776$9,039,972$4,582,620$52,205,749
99$69,895,235$9,382,678$4,635,885$57,312,790
100$76,921,138$9,739,018$4,687,777$62,934,722