Can I retire at age 64 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$213,054$211,156$209,305$207,497$205,733$202,075
2 years$105,472$103,508$101,604$99,758$97,968$94,295
3 years$69,616$67,644$65,745$63,916$62,155$58,582
4 years$51,692$49,725$47,845$46,048$44,329$40,883
5 years$40,940$38,985$37,130$35,369$33,699$30,389
6 years$33,775$31,834$30,006$28,285$26,664$23,496
7 years$28,658$26,734$24,936$23,255$21,685$18,658
8 years$24,823$22,916$21,147$19,508$17,990$15,104
9 years$21,841$19,953$18,214$16,616$15,150$12,403
10 years$19,457$17,587$15,880$14,323$12,909$10,298
11 years$17,508$15,657$13,980$12,466$11,102$8,625
12 years$15,885$14,053$12,407$10,934$9,621$7,275
13 years$14,513$12,700$11,085$9,653$8,389$6,170
14 years$13,338$11,544$9,960$8,569$7,354$5,258
15 years$12,320$10,545$8,992$7,642$6,475$4,498
16 years$11,430$9,675$8,153$6,843$5,723$3,860
17 years$10,646$8,910$7,419$6,148$5,074$3,321
18 years$9,950$8,234$6,772$5,541$4,512$2,865
19 years$9,328$7,631$6,200$5,006$4,021$2,476
20 years$8,769$7,091$5,690$4,534$3,592$2,143
21 years$8,263$6,605$5,234$4,115$3,214$1,858
22 years$7,804$6,166$4,824$3,742$2,881$1,612
23 years$7,386$5,766$4,454$3,408$2,586$1,401
24 years$7,003$5,403$4,119$3,108$2,325$1,218
25 years$6,652$5,070$3,815$2,838$2,092$1,060
26 years$6,328$4,765$3,538$2,595$1,884$923
27 years$6,028$4,485$3,285$2,375$1,699$805
28 years$5,750$4,226$3,054$2,176$1,533$701
29 years$5,492$3,987$2,842$1,996$1,384$612
30 years$5,252$3,765$2,647$1,832$1,251$534
31 years$5,027$3,559$2,468$1,682$1,131$466
32 years$4,817$3,368$2,303$1,546$1,023$407
33 years$4,620$3,189$2,150$1,422$926$355
34 years$4,436$3,023$2,009$1,308$838$310
35 years$4,262$2,867$1,878$1,204$759$271
36 years$4,098$2,721$1,757$1,109$688$237
37 years$3,943$2,584$1,645$1,022$623$207
38 years$3,797$2,456$1,540$942$565$181
39 years$3,658$2,336$1,443$868$512$158
40 years$3,527$2,222$1,352$801$465$138
41 years$3,403$2,115$1,268$739$422$121
42 years$3,285$2,014$1,190$682$383$106
43 years$3,172$1,919$1,116$630$347$93
44 years$3,065$1,830$1,048$581$315$81
45 years$2,963$1,745$984$537$286$71
46 years$2,866$1,664$924$496$260$62
47 years$2,774$1,588$868$458$236$54
48 years$2,685$1,516$816$423$214$47
49 years$2,600$1,448$767$391$195$41
50 years$2,519$1,383$721$362$177$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,580,000, adding $5,398 every year, while hoping to spend $49,947 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: 51/28/21 Blend
63$2,580,000$2,580,000$2,580,000$2,580,000
64$2,848,728$2,711,988$2,671,998$2,977,119
65$3,086,155$2,791,732$2,708,367$3,146,146
66$3,346,126$2,873,710$2,744,280$3,324,250
67$3,630,887$2,957,978$2,779,669$3,516,849
68$3,942,912$3,044,593$2,814,463$3,725,335
69$4,284,926$3,133,616$2,848,585$3,951,241
70$4,659,932$3,225,106$2,881,955$4,196,254
71$5,071,232$3,319,124$2,914,489$4,462,232
72$5,522,469$3,415,732$2,946,095$4,751,218
73$6,017,653$3,514,995$2,976,681$5,065,466
74$6,561,199$3,616,975$3,006,146$5,407,455
75$7,157,974$3,721,740$3,034,385$5,779,916
76$7,813,338$3,829,356$3,061,287$6,185,857
77$8,533,194$3,939,890$3,086,736$6,628,591
78$9,324,047$4,053,411$3,110,608$7,111,768
79$10,193,061$4,169,990$3,132,775$7,639,406
80$11,148,131$4,289,697$3,153,100$8,215,934
81$12,197,952$4,412,604$3,171,441$8,846,229
82$13,352,106$4,538,784$3,187,647$9,535,665
83$14,621,146$4,668,310$3,201,559$10,290,162
84$16,016,704$4,801,258$3,213,011$11,116,241
85$17,551,591$4,937,702$3,221,830$12,021,088
86$19,239,923$5,077,720$3,227,832$13,012,620
87$21,097,254$5,221,387$3,230,823$14,099,558
88$23,140,722$5,368,783$3,230,603$15,291,514
89$25,389,206$5,519,984$3,226,959$16,599,076
90$27,863,512$5,675,071$3,219,670$18,033,912
91$30,586,563$5,834,121$3,208,501$19,608,878
92$33,583,615$5,997,216$3,193,209$21,338,139
93$36,882,500$6,164,435$3,173,537$23,237,305
94$40,513,881$6,335,859$3,149,216$25,323,577
95$44,511,548$6,511,567$3,119,966$27,615,906
96$48,912,732$6,691,641$3,085,492$30,135,177
97$53,758,459$6,876,159$3,045,484$32,904,405
98$59,093,934$7,065,203$2,999,620$35,948,950
99$64,968,969$7,258,852$2,947,561$39,296,756
100$71,438,453$7,457,184$2,888,953$42,978,618