Can I retire at age 64 with 2,560,000?

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$211,402$209,519$207,682$205,889$204,138$201,671
2 years$104,655$102,706$100,817$98,985$97,209$94,726
3 years$69,077$67,119$65,235$63,421$61,673$59,251
4 years$51,291$49,340$47,474$45,691$43,986$41,644
5 years$40,623$38,683$36,842$35,095$33,437$31,183
6 years$33,513$31,588$29,774$28,066$26,458$24,293
7 years$28,436$26,527$24,742$23,074$21,517$19,443
8 years$24,630$22,739$20,983$19,357$17,851$15,866
9 years$21,672$19,798$18,073$16,488$15,033$13,138
10 years$19,307$17,451$15,756$14,212$12,809$11,002
11 years$17,373$15,536$13,872$12,369$11,016$9,296
12 years$15,762$13,944$12,311$10,849$9,546$7,911
13 years$14,400$12,601$10,999$9,578$8,324$6,771
14 years$13,234$11,454$9,883$8,503$7,297$5,824
15 years$12,224$10,464$8,923$7,583$6,425$5,030
16 years$11,342$9,600$8,090$6,790$5,678$4,359
17 years$10,564$8,841$7,361$6,100$5,035$3,789
18 years$9,873$8,170$6,720$5,498$4,477$3,301
19 years$9,256$7,572$6,152$4,968$3,990$2,882
20 years$8,701$7,036$5,646$4,499$3,564$2,521
21 years$8,199$6,554$5,193$4,083$3,190$2,208
22 years$7,744$6,118$4,786$3,713$2,859$1,937
23 years$7,329$5,722$4,419$3,381$2,566$1,701
24 years$6,949$5,361$4,087$3,084$2,307$1,496
25 years$6,600$5,031$3,785$2,816$2,076$1,316
26 years$6,278$4,728$3,511$2,575$1,870$1,159
27 years$5,981$4,450$3,260$2,357$1,686$1,021
28 years$5,706$4,193$3,031$2,160$1,521$901
29 years$5,450$3,956$2,820$1,980$1,373$795
30 years$5,211$3,736$2,627$1,817$1,241$701
31 years$4,988$3,532$2,449$1,669$1,122$619
32 years$4,780$3,342$2,285$1,534$1,015$547
33 years$4,585$3,164$2,134$1,411$918$483
34 years$4,401$2,999$1,993$1,298$832$427
35 years$4,229$2,845$1,864$1,195$753$378
36 years$4,066$2,700$1,743$1,100$682$334
37 years$3,912$2,564$1,632$1,014$619$295
38 years$3,767$2,437$1,528$935$561$261
39 years$3,630$2,317$1,432$862$509$231
40 years$3,500$2,205$1,342$795$461$205
41 years$3,376$2,099$1,258$733$418$181
42 years$3,259$1,999$1,180$677$380$160
43 years$3,148$1,905$1,108$625$345$142
44 years$3,042$1,815$1,040$577$313$126
45 years$2,941$1,731$976$533$284$111
46 years$2,844$1,651$917$492$258$98
47 years$2,752$1,576$861$455$234$87
48 years$2,664$1,504$809$420$213$77
49 years$2,580$1,437$761$388$193$68
50 years$2,499$1,372$715$359$175$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,560,000, adding $5,506 every year, while hoping to spend $55,935 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: 57/27/16 Blend
63$2,560,000$2,560,000$2,560,000$2,560,000
64$2,826,799$2,691,119$2,651,439$2,975,838
65$3,055,619$2,763,470$2,680,748$3,149,909
66$3,305,903$2,837,491$2,709,164$3,332,930
67$3,579,782$2,913,205$2,736,598$3,531,094
68$3,879,602$2,990,634$2,762,957$3,745,865
69$4,207,946$3,069,801$2,788,141$3,978,856
70$4,567,659$3,150,723$2,812,046$4,231,842
71$4,961,874$3,233,422$2,834,563$4,506,778
72$5,394,041$3,317,915$2,855,576$4,805,818
73$5,867,959$3,404,219$2,874,964$5,131,333
74$6,387,814$3,492,350$2,892,599$5,485,937
75$6,958,217$3,582,320$2,908,346$5,872,506
76$7,584,243$3,674,142$2,922,065$6,294,210
77$8,271,488$3,767,827$2,933,606$6,754,541
78$9,026,112$3,863,383$2,942,814$7,257,346
79$9,854,901$3,960,815$2,949,524$7,806,862
80$10,765,334$4,060,127$2,953,565$8,407,759
81$11,765,645$4,161,320$2,954,757$9,065,182
82$12,864,908$4,264,393$2,952,909$9,784,797
83$14,073,121$4,369,339$2,947,823$10,572,851
84$15,401,294$4,476,152$2,939,291$11,436,223
85$16,861,562$4,584,820$2,927,093$12,382,496
86$18,467,292$4,695,326$2,911,000$13,420,023
87$20,233,210$4,807,651$2,890,773$14,558,012
88$22,175,542$4,921,771$2,866,159$15,806,606
89$24,312,167$5,037,658$2,836,895$17,176,982
90$26,662,781$5,155,276$2,802,704$18,681,459
91$29,249,087$5,274,587$2,763,297$20,333,610
92$32,094,998$5,395,545$2,718,371$22,148,392
93$35,226,860$5,518,099$2,667,609$24,142,289
94$38,673,704$5,642,191$2,610,679$26,333,466
95$42,467,519$5,767,755$2,547,233$28,741,938
96$46,643,549$5,894,718$2,476,909$31,389,765
97$51,240,631$6,022,999$2,399,325$34,301,256
98$56,301,558$6,152,509$2,314,085$37,503,200
99$61,873,482$6,283,147$2,220,772$41,025,119
100$68,008,361$6,414,805$2,118,952$44,899,548