Can I retire at age 64 with 2,600,000?

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$214,706$212,793$210,927$209,106$207,328$205,762
2 years$106,290$104,310$102,392$100,532$98,727$97,149
3 years$70,156$68,168$66,254$64,412$62,637$61,095
4 years$52,093$50,111$48,216$46,405$44,673$43,179
5 years$41,257$39,287$37,418$35,643$33,960$32,518
6 years$34,036$32,081$30,239$28,504$26,871$25,484
7 years$28,880$26,942$25,129$23,435$21,853$20,521
8 years$25,015$23,094$21,311$19,659$18,130$16,852
9 years$22,011$20,107$18,355$16,745$15,268$14,044
10 years$19,608$17,724$16,003$14,434$13,009$11,839
11 years$17,644$15,778$14,088$12,562$11,188$10,071
12 years$16,008$14,162$12,503$11,019$9,695$8,630
13 years$14,625$12,798$11,171$9,728$8,455$7,440
14 years$13,441$11,633$10,037$8,635$7,411$6,447
15 years$12,415$10,627$9,062$7,701$6,525$5,609
16 years$11,519$9,750$8,216$6,896$5,767$4,898
17 years$10,729$8,980$7,476$6,196$5,114$4,289
18 years$10,027$8,298$6,825$5,584$4,547$3,766
19 years$9,400$7,690$6,248$5,045$4,053$3,315
20 years$8,837$7,146$5,734$4,569$3,620$2,923
21 years$8,327$6,656$5,274$4,147$3,239$2,581
22 years$7,865$6,213$4,861$3,771$2,904$2,283
23 years$7,443$5,811$4,488$3,434$2,606$2,022
24 years$7,058$5,445$4,151$3,132$2,343$1,793
25 years$6,703$5,110$3,845$2,860$2,108$1,591
26 years$6,377$4,802$3,566$2,615$1,899$1,414
27 years$6,075$4,519$3,311$2,394$1,712$1,257
28 years$5,795$4,259$3,078$2,193$1,545$1,118
29 years$5,535$4,018$2,864$2,011$1,395$995
30 years$5,292$3,794$2,668$1,846$1,260$886
31 years$5,066$3,587$2,487$1,695$1,140$790
32 years$4,855$3,394$2,321$1,558$1,031$704
33 years$4,656$3,214$2,167$1,433$933$628
34 years$4,470$3,046$2,025$1,318$845$560
35 years$4,295$2,889$1,893$1,213$765$500
36 years$4,129$2,742$1,771$1,118$693$446
37 years$3,974$2,604$1,657$1,030$628$398
38 years$3,826$2,475$1,552$949$570$355
39 years$3,687$2,354$1,454$875$516$317
40 years$3,555$2,239$1,363$807$468$284
41 years$3,429$2,132$1,278$745$425$253
42 years$3,310$2,030$1,199$687$386$226
43 years$3,197$1,934$1,125$634$350$202
44 years$3,089$1,844$1,056$586$318$181
45 years$2,986$1,758$991$541$288$162
46 years$2,889$1,677$931$500$262$144
47 years$2,795$1,601$875$462$238$129
48 years$2,706$1,528$822$427$216$115
49 years$2,620$1,459$773$394$196$103
50 years$2,539$1,394$726$364$178$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,600,000, adding $4,655 every year, while hoping to spend $25,860 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: 61/25/14 Blend
63$2,600,000$2,600,000$2,600,000$2,600,000
64$2,870,002$2,732,202$2,691,902$3,034,904
65$3,135,227$2,838,565$2,754,565$3,252,712
66$3,426,639$2,949,273$2,818,462$3,486,952
67$3,746,880$3,064,512$2,883,605$3,741,942
68$4,098,864$3,184,475$2,950,008$4,019,694
69$4,485,799$3,309,365$3,017,684$4,322,419
70$4,911,221$3,439,394$3,086,646$4,652,552
71$5,379,023$3,574,782$3,156,907$5,012,770
72$5,893,497$3,715,760$3,228,477$5,406,019
73$6,459,370$3,862,569$3,301,368$5,835,543
74$7,081,852$4,015,461$3,375,590$6,304,911
75$7,766,682$4,174,699$3,451,152$6,818,051
76$8,520,182$4,340,558$3,528,064$7,379,287
77$9,349,319$4,513,324$3,606,334$7,993,379
78$10,261,772$4,693,299$3,685,968$8,665,568
79$11,265,997$4,880,795$3,766,972$9,401,623
80$12,371,316$5,076,141$3,849,353$10,207,895
81$13,587,997$5,279,679$3,933,112$11,091,378
82$14,927,355$5,491,766$4,018,255$12,059,774
83$16,401,860$5,712,777$4,104,781$13,121,561
84$18,025,250$5,943,103$4,192,691$14,286,079
85$19,812,663$6,183,153$4,281,984$15,563,610
86$21,780,780$6,433,353$4,372,656$16,965,480
87$23,947,983$6,694,151$4,464,704$18,504,162
88$26,334,526$6,966,013$4,558,120$20,193,392
89$28,962,728$7,249,428$4,652,897$22,048,300
90$31,857,182$7,544,905$4,749,024$24,085,552
91$35,044,988$7,852,979$4,846,490$26,323,503
92$38,556,009$8,174,207$4,945,280$28,782,371
93$42,423,152$8,509,173$5,045,377$31,484,428
94$46,682,678$8,858,487$5,146,762$34,454,207
95$51,374,545$9,222,787$5,249,412$37,718,733
96$56,542,785$9,602,740$5,353,304$41,307,776
97$62,235,919$9,999,044$5,458,409$45,254,132
98$68,507,414$10,412,428$5,564,697$49,593,930
99$75,416,189$10,843,657$5,672,133$54,366,973
100$83,027,172$11,293,527$5,780,681$59,617,109