Can I retire at age 64 with 2,610,000?

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 $2,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$215,531$213,612$211,738$209,910$208,125$203,840
2 years$106,699$104,712$102,786$100,918$99,107$94,809
3 years$70,426$68,430$66,509$64,659$62,878$58,701
4 years$52,293$50,303$48,402$46,583$44,845$40,822
5 years$41,416$39,438$37,562$35,781$34,090$30,233
6 years$34,167$32,204$30,355$28,614$26,975$23,286
7 years$28,992$27,045$25,225$23,525$21,938$18,419
8 years$25,112$23,183$21,393$19,735$18,199$14,850
9 years$22,095$20,185$18,426$16,810$15,326$12,144
10 years$19,684$17,792$16,064$14,490$13,059$10,040
11 years$17,712$15,839$14,143$12,611$11,231$8,371
12 years$16,070$14,216$12,551$11,061$9,733$7,029
13 years$14,682$12,847$11,214$9,765$8,487$5,934
14 years$13,493$11,678$10,076$8,669$7,440$5,032
15 years$12,463$10,668$9,097$7,731$6,550$4,284
16 years$11,563$9,788$8,248$6,922$5,789$3,658
17 years$10,770$9,014$7,505$6,220$5,133$3,132
18 years$10,066$8,329$6,851$5,605$4,564$2,688
19 years$9,436$7,720$6,272$5,065$4,068$2,311
20 years$8,871$7,173$5,756$4,587$3,634$1,990
21 years$8,359$6,682$5,294$4,163$3,252$1,716
22 years$7,895$6,237$4,880$3,785$2,915$1,481
23 years$7,472$5,834$4,505$3,447$2,617$1,280
24 years$7,085$5,466$4,167$3,144$2,352$1,107
25 years$6,729$5,129$3,859$2,871$2,116$958
26 years$6,401$4,821$3,579$2,625$1,906$830
27 years$6,098$4,537$3,324$2,403$1,719$719
28 years$5,817$4,275$3,090$2,202$1,551$623
29 years$5,556$4,033$2,875$2,019$1,400$540
30 years$5,313$3,809$2,678$1,853$1,265$469
31 years$5,086$3,600$2,497$1,702$1,144$407
32 years$4,873$3,407$2,330$1,564$1,035$353
33 years$4,674$3,226$2,175$1,438$936$307
34 years$4,487$3,058$2,032$1,323$848$266
35 years$4,311$2,900$1,900$1,218$768$231
36 years$4,145$2,753$1,778$1,122$696$201
37 years$3,989$2,615$1,664$1,034$631$175
38 years$3,841$2,485$1,558$953$572$152
39 years$3,701$2,363$1,460$879$518$132
40 years$3,568$2,248$1,368$810$470$115
41 years$3,442$2,140$1,283$748$427$100
42 years$3,323$2,038$1,203$690$387$87
43 years$3,209$1,942$1,129$637$351$75
44 years$3,101$1,851$1,060$588$319$65
45 years$2,998$1,765$995$543$290$57
46 years$2,900$1,684$935$502$263$49
47 years$2,806$1,607$878$463$239$43
48 years$2,716$1,534$825$428$217$37
49 years$2,630$1,465$776$396$197$32
50 years$2,548$1,399$729$366$179$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,610,000, adding $2,833 every year, while hoping to spend $38,164 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: 48/38/14 Blend
63$2,610,000$2,610,000$2,610,000$2,610,000
64$2,879,142$2,740,812$2,700,357$3,005,997
65$3,132,209$2,834,506$2,750,213$3,187,567
66$3,409,809$2,931,511$2,800,460$3,380,437
67$3,714,404$3,031,951$2,851,071$3,589,011
68$4,048,708$3,135,951$2,902,016$3,814,771
69$4,415,707$3,243,643$2,953,264$4,059,343
70$4,818,691$3,355,164$3,004,781$4,324,519
71$5,261,287$3,470,656$3,056,530$4,612,267
72$5,747,486$3,590,266$3,108,472$4,924,753
73$6,281,689$3,714,148$3,160,564$5,264,359
74$6,868,740$3,842,461$3,212,763$5,633,705
75$7,513,981$3,975,370$3,265,019$6,035,675
76$8,223,291$4,113,048$3,317,282$6,473,440
77$9,003,152$4,255,672$3,369,496$6,950,494
78$9,860,703$4,403,430$3,421,604$7,470,677
79$10,803,810$4,556,513$3,473,543$8,038,218
80$11,841,140$4,715,123$3,525,247$8,657,773
81$12,982,240$4,879,468$3,576,647$9,334,464
82$14,237,632$5,049,765$3,627,668$10,073,934
83$15,618,906$5,226,240$3,678,231$10,882,392
84$17,138,835$5,409,126$3,728,252$11,766,675
85$18,811,491$5,598,668$3,777,643$12,734,311
86$20,652,379$5,795,119$3,826,310$13,793,590
87$22,678,585$5,998,743$3,874,155$14,953,641
88$24,908,933$6,209,814$3,921,071$16,224,514
89$27,364,166$6,428,617$3,966,949$17,617,280
90$30,067,141$6,655,448$4,011,672$19,144,130
91$33,043,041$6,890,617$4,055,115$20,818,492
92$36,319,619$7,134,445$4,097,149$22,655,154
93$39,927,452$7,387,265$4,137,635$24,670,404
94$43,900,236$7,649,425$4,176,430$26,882,184
95$48,275,100$7,921,287$4,213,380$29,310,255
96$53,092,957$8,203,226$4,248,325$31,976,386
97$58,398,890$8,495,636$4,281,095$34,904,556
98$64,242,577$8,798,922$4,311,512$38,121,179
99$70,678,760$9,113,510$4,339,389$41,655,354
100$77,767,763$9,439,841$4,364,528$45,539,138