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%12.9%
1 years$214,706$212,793$210,927$209,106$207,328$204,822
2 years$106,290$104,310$102,392$100,532$98,727$96,206
3 years$70,156$68,168$66,254$64,412$62,637$60,177
4 years$52,093$50,111$48,216$46,405$44,673$42,295
5 years$41,257$39,287$37,418$35,643$33,960$31,670
6 years$34,036$32,081$30,239$28,504$26,871$24,672
7 years$28,880$26,942$25,129$23,435$21,853$19,746
8 years$25,015$23,094$21,311$19,659$18,130$16,114
9 years$22,011$20,107$18,355$16,745$15,268$13,343
10 years$19,608$17,724$16,003$14,434$13,009$11,174
11 years$17,644$15,778$14,088$12,562$11,188$9,441
12 years$16,008$14,162$12,503$11,019$9,695$8,034
13 years$14,625$12,798$11,171$9,728$8,455$6,877
14 years$13,441$11,633$10,037$8,635$7,411$5,915
15 years$12,415$10,627$9,062$7,701$6,525$5,109
16 years$11,519$9,750$8,216$6,896$5,767$4,427
17 years$10,729$8,980$7,476$6,196$5,114$3,848
18 years$10,027$8,298$6,825$5,584$4,547$3,352
19 years$9,400$7,690$6,248$5,045$4,053$2,927
20 years$8,837$7,146$5,734$4,569$3,620$2,560
21 years$8,327$6,656$5,274$4,147$3,239$2,243
22 years$7,865$6,213$4,861$3,771$2,904$1,967
23 years$7,443$5,811$4,488$3,434$2,606$1,728
24 years$7,058$5,445$4,151$3,132$2,343$1,519
25 years$6,703$5,110$3,845$2,860$2,108$1,337
26 years$6,377$4,802$3,566$2,615$1,899$1,177
27 years$6,075$4,519$3,311$2,394$1,712$1,037
28 years$5,795$4,259$3,078$2,193$1,545$915
29 years$5,535$4,018$2,864$2,011$1,395$807
30 years$5,292$3,794$2,668$1,846$1,260$712
31 years$5,066$3,587$2,487$1,695$1,140$629
32 years$4,855$3,394$2,321$1,558$1,031$556
33 years$4,656$3,214$2,167$1,433$933$491
34 years$4,470$3,046$2,025$1,318$845$434
35 years$4,295$2,889$1,893$1,213$765$384
36 years$4,129$2,742$1,771$1,118$693$339
37 years$3,974$2,604$1,657$1,030$628$300
38 years$3,826$2,475$1,552$949$570$265
39 years$3,687$2,354$1,454$875$516$235
40 years$3,555$2,239$1,363$807$468$208
41 years$3,429$2,132$1,278$745$425$184
42 years$3,310$2,030$1,199$687$386$163
43 years$3,197$1,934$1,125$634$350$144
44 years$3,089$1,844$1,056$586$318$128
45 years$2,986$1,758$991$541$288$113
46 years$2,889$1,677$931$500$262$100
47 years$2,795$1,601$875$462$238$88
48 years$2,706$1,528$822$427$216$78
49 years$2,620$1,459$773$394$196$69
50 years$2,539$1,394$726$364$178$61

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 $2,794 every year, while hoping to spend $23,854 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: 44/37/19 Blend
63$2,600,000$2,600,000$2,600,000$2,600,000
64$2,868,082$2,730,282$2,689,982$2,978,398
65$3,135,246$2,838,685$2,754,716$3,164,688
66$3,428,861$2,951,601$2,820,819$3,363,917
67$3,751,600$3,069,225$2,888,312$3,579,371
68$4,106,408$3,191,762$2,957,215$3,812,560
69$4,496,529$3,319,425$3,027,549$4,065,144
70$4,925,537$3,452,439$3,099,334$4,338,947
71$5,397,371$3,591,037$3,172,590$4,635,973
72$5,916,368$3,735,464$3,247,338$4,958,425
73$6,487,310$3,885,974$3,323,596$5,308,724
74$7,115,463$4,042,834$3,401,384$5,689,532
75$7,806,631$4,206,324$3,480,721$6,103,773
76$8,567,208$4,376,734$3,561,626$6,554,665
77$9,404,240$4,554,370$3,644,116$7,045,747
78$10,325,488$4,739,551$3,728,210$7,580,910
79$11,339,507$4,932,608$3,813,925$8,164,433
80$12,455,723$5,133,891$3,901,277$8,801,026
81$13,684,519$5,343,764$3,990,282$9,495,868
82$15,037,339$5,562,608$4,080,956$10,254,660
83$16,526,792$5,790,820$4,173,312$11,083,672
84$18,166,772$6,028,818$4,267,366$11,989,805
85$19,972,589$6,277,036$4,363,129$12,980,655
86$21,961,113$6,535,931$4,460,613$14,064,581
87$24,150,933$6,805,978$4,559,830$15,250,783
88$26,562,532$7,087,675$4,660,789$16,549,389
89$29,218,484$7,381,544$4,763,498$17,971,548
90$32,143,659$7,688,130$4,867,965$19,529,532
91$35,365,466$8,008,002$4,974,196$21,236,855
92$38,914,107$8,341,758$5,082,195$23,108,392
93$42,822,862$8,690,020$5,191,965$25,160,523
94$47,128,405$9,053,442$5,303,507$27,411,285
95$51,871,149$9,432,707$5,416,820$29,880,537
96$57,095,624$9,828,528$5,531,902$32,590,150
97$62,850,906$10,241,654$5,648,749$35,564,207
98$69,191,069$10,672,865$5,767,353$38,829,231
99$76,175,704$11,122,982$5,887,705$42,414,432
100$83,870,477$11,592,859$6,009,794$46,351,980