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%15.4%
1 years$213,880$211,975$210,116$208,302$206,530$201,948
2 years$105,881$103,909$101,998$100,145$98,348$93,755
3 years$69,886$67,906$65,999$64,164$62,396$57,936
4 years$51,892$49,918$48,031$46,226$44,501$40,208
5 years$41,099$39,136$37,274$35,506$33,829$29,716
6 years$33,905$31,958$30,123$28,395$26,768$22,838
7 years$28,769$26,838$25,032$23,345$21,769$18,024
8 years$24,919$23,005$21,229$19,583$18,060$14,498
9 years$21,926$20,030$18,285$16,681$15,209$11,827
10 years$19,533$17,656$15,941$14,379$12,959$9,754
11 years$17,576$15,718$14,034$12,514$11,145$8,113
12 years$15,947$14,107$12,455$10,976$9,658$6,794
13 years$14,569$12,749$11,128$9,691$8,422$5,720
14 years$13,389$11,588$9,998$8,602$7,383$4,838
15 years$12,368$10,586$9,027$7,672$6,500$4,107
16 years$11,475$9,713$8,184$6,869$5,745$3,497
17 years$10,688$8,945$7,448$6,172$5,094$2,986
18 years$9,989$8,266$6,799$5,562$4,529$2,555
19 years$9,364$7,660$6,224$5,026$4,037$2,190
20 years$8,803$7,118$5,712$4,552$3,606$1,880
21 years$8,295$6,631$5,254$4,131$3,227$1,616
22 years$7,835$6,189$4,842$3,756$2,892$1,391
23 years$7,415$5,789$4,471$3,421$2,596$1,198
24 years$7,030$5,424$4,135$3,120$2,334$1,033
25 years$6,677$5,090$3,830$2,849$2,100$891
26 years$6,352$4,784$3,552$2,605$1,892$769
27 years$6,051$4,502$3,298$2,385$1,705$664
28 years$5,773$4,242$3,066$2,185$1,539$574
29 years$5,513$4,002$2,853$2,004$1,390$496
30 years$5,272$3,780$2,658$1,839$1,256$429
31 years$5,047$3,573$2,478$1,689$1,135$371
32 years$4,836$3,381$2,312$1,552$1,027$321
33 years$4,638$3,202$2,159$1,427$929$278
34 years$4,453$3,034$2,017$1,313$841$240
35 years$4,278$2,878$1,886$1,209$762$208
36 years$4,114$2,732$1,764$1,113$690$180
37 years$3,958$2,594$1,651$1,026$626$156
38 years$3,811$2,466$1,546$945$567$135
39 years$3,673$2,345$1,448$872$514$117
40 years$3,541$2,231$1,358$804$467$101
41 years$3,416$2,123$1,273$742$423$88
42 years$3,297$2,022$1,194$685$384$76
43 years$3,185$1,927$1,121$632$349$66
44 years$3,077$1,837$1,052$584$316$57
45 years$2,975$1,751$988$539$287$49
46 years$2,877$1,671$928$498$261$43
47 years$2,784$1,594$871$460$237$37
48 years$2,695$1,522$819$425$215$32
49 years$2,610$1,454$770$393$195$28
50 years$2,529$1,388$724$363$177$24

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 $3,904 every year, while hoping to spend $25,775 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: 33/40/27 Blend
63$2,590,000$2,590,000$2,590,000$2,590,000
64$2,858,207$2,720,937$2,680,792$2,928,931
65$3,122,320$2,826,838$2,743,174$3,088,782
66$3,412,508$2,937,065$2,806,782$3,258,366
67$3,731,404$3,051,802$2,871,630$3,440,631
68$4,081,909$3,171,242$2,937,731$3,636,715
69$4,467,217$3,295,586$3,005,099$3,847,868
70$4,890,849$3,425,045$3,073,745$4,075,464
71$5,356,682$3,559,839$3,143,682$4,321,006
72$5,868,990$3,700,197$3,214,921$4,586,150
73$6,432,480$3,846,360$3,287,474$4,872,711
74$7,052,338$3,998,577$3,361,350$5,182,683
75$7,734,280$4,157,111$3,436,559$5,518,257
76$8,484,603$4,322,235$3,513,109$5,881,839
77$9,310,243$4,494,235$3,591,009$6,276,076
78$10,218,845$4,673,410$3,670,265$6,703,874
79$11,218,831$4,860,071$3,750,883$7,168,429
80$12,319,483$5,054,546$3,832,868$7,673,254
81$13,531,025$5,257,174$3,916,225$8,222,212
82$14,864,726$5,468,311$4,000,954$8,819,551
83$16,333,001$5,688,331$4,087,059$9,469,942
84$17,949,530$5,917,622$4,174,539$10,178,525
85$19,729,387$6,156,592$4,263,391$10,950,950
86$21,689,184$6,405,664$4,353,614$11,793,437
87$23,847,223$6,665,284$4,445,203$12,712,827
88$26,223,673$6,935,916$4,538,150$13,716,647
89$28,840,759$7,218,047$4,632,449$14,813,181
90$31,722,968$7,512,183$4,728,088$16,011,546
91$34,897,287$7,818,856$4,825,055$17,321,774
92$38,393,451$8,138,621$4,923,335$18,754,908
93$42,244,229$8,472,059$5,022,913$20,323,103
94$46,485,727$8,819,777$5,123,767$22,039,739
95$51,157,734$9,182,409$5,225,877$23,919,548
96$56,304,096$9,560,620$5,329,216$25,978,744
97$61,973,127$9,955,104$5,433,758$28,235,182
98$68,218,069$10,366,587$5,539,472$30,708,520
99$75,097,591$10,795,828$5,646,324$33,420,403
100$82,676,345$11,243,623$5,754,275$36,394,665