Can I retire at age 64 with 2,570,000?

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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$212,228$210,338$208,493$206,693$204,935$199,900
2 years$105,063$103,107$101,210$99,372$97,588$92,546
3 years$69,347$67,381$65,490$63,668$61,914$57,023
4 years$51,492$49,532$47,660$45,870$44,158$39,455
5 years$40,781$38,834$36,986$35,232$33,568$29,067
6 years$33,644$31,711$29,890$28,175$26,561$22,267
7 years$28,547$26,631$24,839$23,165$21,601$17,514
8 years$24,727$22,828$21,065$19,432$17,920$14,038
9 years$21,757$19,875$18,144$16,552$15,092$11,411
10 years$19,382$17,519$15,818$14,268$12,859$9,376
11 years$17,440$15,596$13,926$12,417$11,059$7,768
12 years$15,824$13,998$12,359$10,892$9,583$6,480
13 years$14,457$12,650$11,042$9,616$8,357$5,434
14 years$13,286$11,499$9,921$8,536$7,326$4,577
15 years$12,272$10,505$8,957$7,612$6,450$3,870
16 years$11,386$9,638$8,121$6,816$5,701$3,281
17 years$10,605$8,876$7,390$6,124$5,055$2,789
18 years$9,912$8,202$6,746$5,519$4,494$2,376
19 years$9,292$7,601$6,176$4,987$4,006$2,027
20 years$8,735$7,064$5,668$4,517$3,578$1,733
21 years$8,231$6,579$5,213$4,099$3,202$1,482
22 years$7,774$6,142$4,805$3,727$2,870$1,270
23 years$7,358$5,744$4,436$3,394$2,576$1,089
24 years$6,976$5,382$4,103$3,096$2,316$934
25 years$6,626$5,051$3,800$2,827$2,084$802
26 years$6,303$4,747$3,524$2,585$1,877$689
27 years$6,005$4,467$3,273$2,366$1,692$592
28 years$5,728$4,209$3,042$2,168$1,527$509
29 years$5,471$3,971$2,831$1,988$1,379$438
30 years$5,231$3,750$2,637$1,825$1,246$377
31 years$5,008$3,545$2,459$1,676$1,126$324
32 years$4,799$3,355$2,294$1,540$1,019$279
33 years$4,602$3,177$2,142$1,416$922$240
34 years$4,418$3,011$2,001$1,303$835$207
35 years$4,245$2,856$1,871$1,199$756$178
36 years$4,082$2,711$1,750$1,105$685$154
37 years$3,928$2,574$1,638$1,018$621$132
38 years$3,782$2,447$1,534$938$563$114
39 years$3,644$2,327$1,437$865$510$98
40 years$3,514$2,213$1,347$798$463$85
41 years$3,390$2,107$1,263$736$420$73
42 years$3,272$2,007$1,185$679$381$63
43 years$3,160$1,912$1,112$627$346$54
44 years$3,054$1,822$1,044$579$314$47
45 years$2,952$1,738$980$535$285$40
46 years$2,855$1,658$920$494$259$35
47 years$2,763$1,582$865$456$235$30
48 years$2,674$1,510$813$422$213$26
49 years$2,590$1,442$764$390$194$22
50 years$2,509$1,378$718$360$176$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,570,000, adding $4,772 every year, while hoping to spend $45,499 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: 58/12/30 Blend
63$2,570,000$2,570,000$2,570,000$2,570,000
64$2,837,062$2,700,852$2,661,017$2,977,999
65$3,078,032$2,784,783$2,701,751$3,159,217
66$3,342,056$2,871,302$2,742,324$3,351,555
67$3,631,437$2,960,488$2,782,683$3,560,374
68$3,948,713$3,052,421$2,822,772$3,787,288
69$4,296,677$3,147,185$2,862,530$4,034,074
70$4,678,407$3,244,866$2,901,894$4,302,691
71$5,097,293$3,345,552$2,940,796$4,595,296
72$5,557,068$3,449,336$2,979,164$4,914,264
73$6,061,846$3,556,310$3,016,923$5,262,213
74$6,616,156$3,666,572$3,053,992$5,642,026
75$7,224,991$3,780,220$3,090,288$6,056,880
76$7,893,847$3,897,358$3,125,719$6,510,273
77$8,628,781$4,018,091$3,160,193$7,006,061
78$9,436,467$4,142,527$3,193,609$7,548,492
79$10,324,254$4,270,778$3,225,863$8,142,246
80$11,300,241$4,402,960$3,256,842$8,792,479
81$12,373,351$4,539,190$3,286,432$9,504,873
82$13,553,413$4,679,591$3,314,508$10,285,689
83$14,851,258$4,824,288$3,340,941$11,141,823
84$16,278,818$4,973,410$3,365,594$12,080,878
85$17,849,241$5,127,090$3,388,324$13,111,228
86$19,577,011$5,285,465$3,408,981$14,242,103
87$21,478,088$5,448,675$3,427,404$15,483,673
88$23,570,059$5,616,865$3,443,427$16,847,143
89$25,872,299$5,790,185$3,456,876$18,344,863
90$28,406,156$5,968,788$3,467,565$19,990,442
91$31,195,157$6,152,831$3,475,300$21,798,873
92$34,265,219$6,342,476$3,479,880$23,786,684
93$37,644,906$6,537,891$3,481,089$25,972,082
94$41,365,686$6,739,248$3,478,705$28,375,136
95$45,462,237$6,946,722$3,472,493$31,017,960
96$49,972,769$7,160,496$3,462,206$33,924,923
97$54,939,388$7,380,756$3,447,587$37,122,880
98$60,408,488$7,607,696$3,428,363$40,641,426
99$66,431,192$7,841,511$3,404,252$44,513,173
100$73,063,835$8,082,407$3,374,955$48,774,063