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

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$213,880$211,975$210,116$208,302$206,530$200,643
2 years$105,881$103,909$101,998$100,145$98,348$92,462
3 years$69,886$67,906$65,999$64,164$62,396$56,696
4 years$51,892$49,918$48,031$46,226$44,501$39,032
5 years$41,099$39,136$37,274$35,506$33,829$28,604
6 years$33,905$31,958$30,123$28,395$26,768$21,793
7 years$28,769$26,838$25,032$23,345$21,769$17,044
8 years$24,919$23,005$21,229$19,583$18,060$13,581
9 years$21,926$20,030$18,285$16,681$15,209$10,973
10 years$19,533$17,656$15,941$14,379$12,959$8,960
11 years$17,576$15,718$14,034$12,514$11,145$7,377
12 years$15,947$14,107$12,455$10,976$9,658$6,113
13 years$14,569$12,749$11,128$9,691$8,422$5,092
14 years$13,389$11,588$9,998$8,602$7,383$4,260
15 years$12,368$10,586$9,027$7,672$6,500$3,576
16 years$11,475$9,713$8,184$6,869$5,745$3,010
17 years$10,688$8,945$7,448$6,172$5,094$2,540
18 years$9,989$8,266$6,799$5,562$4,529$2,148
19 years$9,364$7,660$6,224$5,026$4,037$1,819
20 years$8,803$7,118$5,712$4,552$3,606$1,543
21 years$8,295$6,631$5,254$4,131$3,227$1,310
22 years$7,835$6,189$4,842$3,756$2,892$1,114
23 years$7,415$5,789$4,471$3,421$2,596$947
24 years$7,030$5,424$4,135$3,120$2,334$806
25 years$6,677$5,090$3,830$2,849$2,100$687
26 years$6,352$4,784$3,552$2,605$1,892$585
27 years$6,051$4,502$3,298$2,385$1,705$499
28 years$5,773$4,242$3,066$2,185$1,539$426
29 years$5,513$4,002$2,853$2,004$1,390$363
30 years$5,272$3,780$2,658$1,839$1,256$310
31 years$5,047$3,573$2,478$1,689$1,135$265
32 years$4,836$3,381$2,312$1,552$1,027$226
33 years$4,638$3,202$2,159$1,427$929$193
34 years$4,453$3,034$2,017$1,313$841$165
35 years$4,278$2,878$1,886$1,209$762$141
36 years$4,114$2,732$1,764$1,113$690$120
37 years$3,958$2,594$1,651$1,026$626$103
38 years$3,811$2,466$1,546$945$567$88
39 years$3,673$2,345$1,448$872$514$75
40 years$3,541$2,231$1,358$804$467$64
41 years$3,416$2,123$1,273$742$423$55
42 years$3,297$2,022$1,194$685$384$47
43 years$3,185$1,927$1,121$632$349$40
44 years$3,077$1,837$1,052$584$316$34
45 years$2,975$1,751$988$539$287$29
46 years$2,877$1,671$928$498$261$25
47 years$2,784$1,594$871$460$237$21
48 years$2,695$1,522$819$425$215$18
49 years$2,610$1,454$770$393$195$16
50 years$2,529$1,388$724$363$177$13

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 $3,076 every year, while hoping to spend $45,100 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: 73/21/6 Blend
63$2,590,000$2,590,000$2,590,000$2,590,000
64$2,857,353$2,720,083$2,679,938$3,063,741
65$3,100,817$2,805,381$2,721,730$3,285,418
66$3,367,603$2,893,347$2,763,410$3,522,130
67$3,660,041$2,984,064$2,804,928$3,780,080
68$3,980,700$3,077,618$2,846,228$4,061,347
69$4,332,408$3,174,098$2,887,252$4,368,222
70$4,718,278$3,273,593$2,927,940$4,703,229
71$5,141,742$3,376,199$2,968,226$5,069,143
72$5,606,579$3,482,011$3,008,040$5,469,022
73$6,116,951$3,591,131$3,047,310$5,906,232
74$6,677,443$3,703,660$3,085,959$6,384,479
75$7,293,108$3,819,705$3,123,904$6,907,847
76$7,969,509$3,939,375$3,161,059$7,480,829
77$8,712,777$4,062,782$3,197,332$8,108,378
78$9,529,666$4,190,043$3,232,628$8,795,945
79$10,427,614$4,321,278$3,266,844$9,549,537
80$11,414,820$4,456,610$3,299,873$10,375,768
81$12,500,315$4,596,167$3,331,601$11,281,923
82$13,694,046$4,740,079$3,361,909$12,276,030
83$15,006,978$4,888,481$3,390,672$13,366,928
84$16,451,187$5,041,514$3,417,757$14,564,357
85$18,039,980$5,199,321$3,443,024$15,879,044
86$19,788,020$5,362,049$3,466,327$17,322,808
87$21,711,460$5,529,852$3,487,511$18,908,670
88$23,828,101$5,702,886$3,506,415$20,650,972
89$26,157,555$5,881,315$3,522,867$22,565,518
90$28,721,430$6,065,305$3,536,688$24,669,718
91$31,543,539$6,255,028$3,547,690$26,982,753
92$34,650,118$6,450,662$3,555,675$29,525,756
93$38,070,076$6,652,389$3,560,436$32,322,012
94$41,835,266$6,860,400$3,561,754$35,397,174
95$45,980,791$7,074,887$3,559,400$38,779,509
96$50,545,327$7,296,051$3,553,135$42,500,160
97$55,571,492$7,524,099$3,542,707$46,593,441
98$61,106,248$7,759,244$3,527,851$51,097,163
99$67,201,342$8,001,704$3,508,291$56,052,987
100$73,913,797$8,251,706$3,483,737$61,506,815