Can I retire at age 64 with 2,550,000?

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$210,577$208,701$206,871$205,085$203,341$196,832
2 years$104,246$102,304$100,423$98,598$96,829$90,331
3 years$68,807$66,857$64,980$63,173$61,432$55,150
4 years$51,091$49,147$47,289$45,513$43,814$37,795
5 years$40,464$38,532$36,698$34,958$33,307$27,567
6 years$33,382$31,464$29,658$27,956$26,354$20,899
7 years$28,325$26,424$24,646$22,984$21,433$16,262
8 years$24,534$22,650$20,901$19,281$17,781$12,890
9 years$21,587$19,721$18,002$16,423$14,974$10,357
10 years$19,231$17,383$15,695$14,157$12,759$8,409
11 years$17,305$15,475$13,818$12,321$10,973$6,883
12 years$15,701$13,889$12,263$10,807$9,509$5,670
13 years$14,344$12,552$10,956$9,541$8,292$4,695
14 years$13,183$11,409$9,844$8,469$7,269$3,903
15 years$12,177$10,423$8,888$7,553$6,400$3,256
16 years$11,297$9,563$8,058$6,763$5,656$2,723
17 years$10,522$8,807$7,332$6,077$5,015$2,283
18 years$9,834$8,138$6,694$5,476$4,459$1,917
19 years$9,219$7,542$6,128$4,948$3,975$1,613
20 years$8,667$7,009$5,624$4,482$3,550$1,359
21 years$8,167$6,528$5,173$4,067$3,177$1,146
22 years$7,714$6,094$4,767$3,698$2,848$967
23 years$7,300$5,699$4,402$3,368$2,556$817
24 years$6,922$5,340$4,071$3,072$2,298$690
25 years$6,574$5,011$3,771$2,805$2,068$584
26 years$6,254$4,710$3,497$2,565$1,862$494
27 years$5,958$4,433$3,247$2,348$1,679$418
28 years$5,683$4,177$3,019$2,151$1,515$354
29 years$5,428$3,940$2,809$1,973$1,368$300
30 years$5,191$3,721$2,617$1,810$1,236$254
31 years$4,969$3,518$2,439$1,663$1,118$215
32 years$4,761$3,328$2,276$1,528$1,011$182
33 years$4,567$3,152$2,125$1,405$915$154
34 years$4,384$2,988$1,986$1,293$828$131
35 years$4,212$2,834$1,856$1,190$750$111
36 years$4,050$2,690$1,737$1,096$680$94
37 years$3,897$2,554$1,625$1,010$616$80
38 years$3,753$2,428$1,522$931$559$68
39 years$3,616$2,308$1,426$858$507$57
40 years$3,486$2,196$1,337$792$459$49
41 years$3,363$2,091$1,253$730$417$41
42 years$3,247$1,991$1,176$674$378$35
43 years$3,135$1,897$1,103$622$343$30
44 years$3,030$1,808$1,036$575$312$25
45 years$2,929$1,724$972$531$283$21
46 years$2,833$1,645$913$490$257$18
47 years$2,741$1,570$858$453$233$15
48 years$2,654$1,499$806$418$212$13
49 years$2,570$1,431$758$387$192$11
50 years$2,490$1,367$713$357$175$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,550,000, adding $2,461 every year, while hoping to spend $20,241 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: 82/13/5 Blend
63$2,550,000$2,550,000$2,550,000$2,550,000
64$2,812,639$2,677,489$2,637,964$3,042,826
65$3,077,991$2,787,149$2,704,799$3,303,225
66$3,369,732$2,901,505$2,773,195$3,586,044
67$3,690,530$3,020,764$2,843,183$3,895,875
68$4,043,328$3,145,145$2,914,793$4,235,405
69$4,431,367$3,274,877$2,988,058$4,607,598
70$4,858,217$3,410,197$3,063,009$5,015,715
71$5,327,814$3,551,356$3,139,679$5,463,346
72$5,844,493$3,698,614$3,218,100$5,954,447
73$6,413,031$3,852,245$3,298,306$6,493,372
74$7,038,690$4,012,535$3,380,328$7,084,920
75$7,727,269$4,179,782$3,464,202$7,734,371
76$8,485,158$4,354,299$3,549,961$8,447,545
77$9,319,397$4,536,413$3,637,638$9,230,851
78$10,237,745$4,726,466$3,727,268$10,091,346
79$11,248,749$4,924,817$3,818,885$11,036,806
80$12,361,828$5,131,840$3,912,525$12,075,795
81$13,587,361$5,347,927$4,008,221$13,217,748
82$14,936,784$5,573,487$4,106,009$14,473,056
83$16,422,699$5,808,951$4,205,923$15,853,166
84$18,058,992$6,054,767$4,307,998$17,370,691
85$19,860,963$6,311,405$4,412,271$19,039,523
86$21,845,475$6,579,357$4,518,775$20,874,966
87$24,031,105$6,859,137$4,627,545$22,893,883
88$26,438,327$7,151,284$4,738,618$25,114,848
89$29,089,701$7,456,362$4,852,027$27,558,327
90$32,010,088$7,774,961$4,967,807$30,246,866
91$35,226,881$8,107,698$5,085,992$33,205,307
92$38,770,268$8,455,220$5,206,618$36,461,017
93$42,673,512$8,818,203$5,329,717$40,044,150
94$46,973,271$9,197,356$5,455,323$43,987,928
95$51,709,938$9,593,419$5,583,469$48,328,956
96$56,928,025$10,007,170$5,714,189$53,107,563
97$62,676,582$10,439,420$5,847,513$58,368,188
98$69,009,662$10,891,020$5,983,473$64,159,790
99$75,986,828$11,362,861$6,122,100$70,536,318
100$83,673,718$11,855,874$6,263,424$77,557,213