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%14.1%
1 years$212,228$210,338$208,493$206,693$204,935$201,457
2 years$105,063$103,107$101,210$99,372$97,588$94,095
3 years$69,347$67,381$65,490$63,668$61,914$58,514
4 years$51,492$49,532$47,660$45,870$44,158$40,877
5 years$40,781$38,834$36,986$35,232$33,568$30,417
6 years$33,644$31,711$29,890$28,175$26,561$23,543
7 years$28,547$26,631$24,839$23,165$21,601$18,716
8 years$24,727$22,828$21,065$19,432$17,920$15,168
9 years$21,757$19,875$18,144$16,552$15,092$12,471
10 years$19,382$17,519$15,818$14,268$12,859$10,367
11 years$17,440$15,596$13,926$12,417$11,059$8,694
12 years$15,824$13,998$12,359$10,892$9,583$7,342
13 years$14,457$12,650$11,042$9,616$8,357$6,236
14 years$13,286$11,499$9,921$8,536$7,326$5,321
15 years$12,272$10,505$8,957$7,612$6,450$4,558
16 years$11,386$9,638$8,121$6,816$5,701$3,917
17 years$10,605$8,876$7,390$6,124$5,055$3,375
18 years$9,912$8,202$6,746$5,519$4,494$2,915
19 years$9,292$7,601$6,176$4,987$4,006$2,523
20 years$8,735$7,064$5,668$4,517$3,578$2,187
21 years$8,231$6,579$5,213$4,099$3,202$1,899
22 years$7,774$6,142$4,805$3,727$2,870$1,651
23 years$7,358$5,744$4,436$3,394$2,576$1,436
24 years$6,976$5,382$4,103$3,096$2,316$1,251
25 years$6,626$5,051$3,800$2,827$2,084$1,090
26 years$6,303$4,747$3,524$2,585$1,877$951
27 years$6,005$4,467$3,273$2,366$1,692$830
28 years$5,728$4,209$3,042$2,168$1,527$725
29 years$5,471$3,971$2,831$1,988$1,379$633
30 years$5,231$3,750$2,637$1,825$1,246$554
31 years$5,008$3,545$2,459$1,676$1,126$484
32 years$4,799$3,355$2,294$1,540$1,019$423
33 years$4,602$3,177$2,142$1,416$922$370
34 years$4,418$3,011$2,001$1,303$835$324
35 years$4,245$2,856$1,871$1,199$756$284
36 years$4,082$2,711$1,750$1,105$685$248
37 years$3,928$2,574$1,638$1,018$621$217
38 years$3,782$2,447$1,534$938$563$190
39 years$3,644$2,327$1,437$865$510$167
40 years$3,514$2,213$1,347$798$463$146
41 years$3,390$2,107$1,263$736$420$128
42 years$3,272$2,007$1,185$679$381$112
43 years$3,160$1,912$1,112$627$346$98
44 years$3,054$1,822$1,044$579$314$86
45 years$2,952$1,738$980$535$285$75
46 years$2,855$1,658$920$494$259$66
47 years$2,763$1,582$865$456$235$58
48 years$2,674$1,510$813$422$213$51
49 years$2,590$1,442$764$390$194$44
50 years$2,509$1,378$718$360$176$39

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 $6,417 every year, while hoping to spend $49,128 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: 40/47/13 Blend
63$2,570,000$2,570,000$2,570,000$2,570,000
64$2,838,759$2,702,549$2,662,714$2,941,060
65$3,076,041$2,782,702$2,699,643$3,094,149
66$3,335,879$2,865,136$2,736,163$3,254,347
67$3,620,521$2,949,911$2,772,208$3,426,573
68$3,932,446$3,037,088$2,807,708$3,611,939
69$4,274,379$3,126,730$2,842,590$3,811,669
70$4,649,326$3,218,899$2,876,777$4,027,108
71$5,060,595$3,313,663$2,910,186$4,259,737
72$5,511,830$3,411,086$2,942,732$4,511,181
73$6,007,044$3,511,238$2,974,321$4,783,234
74$6,550,661$3,614,186$3,004,859$5,077,863
75$7,147,550$3,720,003$3,034,243$5,397,239
76$7,803,076$3,828,759$3,062,366$5,743,746
77$8,523,149$3,940,528$3,089,116$6,120,012
78$9,314,282$4,055,385$3,114,372$6,528,927
79$10,183,645$4,173,406$3,138,010$6,973,675
80$11,139,142$4,294,668$3,159,899$7,457,757
81$12,189,478$4,419,249$3,179,898$7,985,034
82$13,344,243$4,547,231$3,197,864$8,559,751
83$14,614,005$4,678,695$3,213,641$9,186,588
84$16,010,405$4,813,722$3,227,069$9,870,694
85$17,546,269$4,952,397$3,237,979$10,617,742
86$19,235,730$5,094,806$3,246,193$11,433,981
87$21,094,358$5,241,035$3,251,524$12,326,290
88$23,139,308$5,391,172$3,253,776$13,302,251
89$25,389,483$5,545,304$3,252,742$14,370,210
90$27,865,709$5,703,524$3,248,209$15,539,365
91$30,590,936$5,865,920$3,239,948$16,819,845
92$33,590,447$6,032,587$3,227,722$18,222,810
93$36,892,105$6,203,616$3,211,283$19,760,554
94$40,526,608$6,379,101$3,190,369$21,446,620
95$44,527,783$6,559,138$3,164,707$23,295,930
96$48,932,902$6,743,821$3,134,011$25,324,921
97$53,783,037$6,933,248$3,097,979$27,551,707
98$59,123,444$7,127,514$3,056,299$29,996,240
99$65,003,991$7,326,717$3,008,640$32,680,507
100$71,479,626$7,530,955$2,954,658$35,628,732