Can I retire at age 64 with 2,590,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$213,880$211,975$210,116$208,302$206,530$202,112
2 years$105,881$103,909$101,998$100,145$98,348$93,918
3 years$69,886$67,906$65,999$64,164$62,396$58,093
4 years$51,892$49,918$48,031$46,226$44,501$40,358
5 years$41,099$39,136$37,274$35,506$33,829$29,858
6 years$33,905$31,958$30,123$28,395$26,768$22,972
7 years$28,769$26,838$25,032$23,345$21,769$18,151
8 years$24,919$23,005$21,229$19,583$18,060$14,616
9 years$21,926$20,030$18,285$16,681$15,209$11,938
10 years$19,533$17,656$15,941$14,379$12,959$9,858
11 years$17,576$15,718$14,034$12,514$11,145$8,209
12 years$15,947$14,107$12,455$10,976$9,658$6,884
13 years$14,569$12,749$11,128$9,691$8,422$5,804
14 years$13,389$11,588$9,998$8,602$7,383$4,915
15 years$12,368$10,586$9,027$7,672$6,500$4,179
16 years$11,475$9,713$8,184$6,869$5,745$3,563
17 years$10,688$8,945$7,448$6,172$5,094$3,047
18 years$9,989$8,266$6,799$5,562$4,529$2,610
19 years$9,364$7,660$6,224$5,026$4,037$2,241
20 years$8,803$7,118$5,712$4,552$3,606$1,927
21 years$8,295$6,631$5,254$4,131$3,227$1,659
22 years$7,835$6,189$4,842$3,756$2,892$1,430
23 years$7,415$5,789$4,471$3,421$2,596$1,233
24 years$7,030$5,424$4,135$3,120$2,334$1,065
25 years$6,677$5,090$3,830$2,849$2,100$920
26 years$6,352$4,784$3,552$2,605$1,892$796
27 years$6,051$4,502$3,298$2,385$1,705$688
28 years$5,773$4,242$3,066$2,185$1,539$596
29 years$5,513$4,002$2,853$2,004$1,390$516
30 years$5,272$3,780$2,658$1,839$1,256$447
31 years$5,047$3,573$2,478$1,689$1,135$387
32 years$4,836$3,381$2,312$1,552$1,027$335
33 years$4,638$3,202$2,159$1,427$929$291
34 years$4,453$3,034$2,017$1,313$841$252
35 years$4,278$2,878$1,886$1,209$762$219
36 years$4,114$2,732$1,764$1,113$690$190
37 years$3,958$2,594$1,651$1,026$626$164
38 years$3,811$2,466$1,546$945$567$143
39 years$3,673$2,345$1,448$872$514$124
40 years$3,541$2,231$1,358$804$467$107
41 years$3,416$2,123$1,273$742$423$93
42 years$3,297$2,022$1,194$685$384$81
43 years$3,185$1,927$1,121$632$349$70
44 years$3,077$1,837$1,052$584$316$61
45 years$2,975$1,751$988$539$287$53
46 years$2,877$1,671$928$498$261$46
47 years$2,784$1,594$871$460$237$40
48 years$2,695$1,522$819$425$215$35
49 years$2,610$1,454$770$393$195$30
50 years$2,529$1,388$724$363$177$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,590,000, adding $2,767 every year, while hoping to spend $50,591 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: 80/12/8 Blend
63$2,590,000$2,590,000$2,590,000$2,590,000
64$2,857,034$2,719,764$2,679,619$3,082,419
65$3,094,623$2,799,204$2,715,558$3,309,959
66$3,354,751$2,880,841$2,751,005$3,552,648
67$3,639,662$2,964,729$2,785,891$3,817,428
68$3,951,831$3,050,924$2,820,141$4,106,480
69$4,293,979$3,139,481$2,853,678$4,422,206
70$4,669,108$3,230,458$2,886,418$4,767,252
71$5,080,519$3,323,913$2,918,276$5,144,529
72$5,531,852$3,419,905$2,949,158$5,557,245
73$6,027,114$3,518,493$2,978,968$6,008,933
74$6,570,720$3,619,740$3,007,603$6,503,484
75$7,167,532$3,723,705$3,034,957$7,045,184
76$7,822,907$3,830,454$3,060,914$7,638,755
77$8,542,745$3,940,047$3,085,357$8,289,396
78$9,333,546$4,052,551$3,108,157$9,002,835
79$10,202,472$4,168,030$3,129,185$9,785,384
80$11,157,410$4,286,550$3,148,299$10,643,993
81$12,207,052$4,408,177$3,165,353$11,586,321
82$13,360,973$4,532,979$3,180,193$12,620,806
83$14,629,721$4,661,023$3,192,659$13,756,742
84$16,024,918$4,792,379$3,202,578$15,004,370
85$17,559,368$4,927,114$3,209,773$16,374,972
86$19,247,179$5,065,298$3,214,056$17,880,980
87$21,103,895$5,207,002$3,215,231$19,536,088
88$23,146,641$5,352,294$3,213,090$21,355,388
89$25,394,287$5,501,245$3,207,417$23,355,506
90$27,867,624$5,653,925$3,197,985$25,554,761
91$30,589,559$5,810,405$3,184,555$27,973,338
92$33,585,334$5,970,755$3,166,877$30,633,479
93$36,882,761$6,135,045$3,144,690$33,559,690
94$40,512,485$6,303,344$3,117,719$36,778,974
95$44,508,272$6,475,721$3,085,677$40,321,086
96$48,907,330$6,652,246$3,048,262$44,218,810
97$53,750,657$6,832,986$3,005,158$48,508,275
98$59,083,430$7,018,007$2,956,036$53,229,289
99$64,955,426$7,207,377$2,900,550$58,425,717
100$71,421,500$7,401,158$2,838,338$64,145,895