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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.8%
1 years$215,531$213,612$211,738$209,910$208,125$202,355
2 years$106,699$104,712$102,786$100,918$99,107$93,337
3 years$70,426$68,430$66,509$64,659$62,878$57,288
4 years$52,293$50,303$48,402$46,583$44,845$39,479
5 years$41,416$39,438$37,562$35,781$34,090$28,963
6 years$34,167$32,204$30,355$28,614$26,975$22,090
7 years$28,992$27,045$25,225$23,525$21,938$17,296
8 years$25,112$23,183$21,393$19,735$18,199$13,799
9 years$22,095$20,185$18,426$16,810$15,326$11,162
10 years$19,684$17,792$16,064$14,490$13,059$9,126
11 years$17,712$15,839$14,143$12,611$11,231$7,523
12 years$16,070$14,216$12,551$11,061$9,733$6,242
13 years$14,682$12,847$11,214$9,765$8,487$5,207
14 years$13,493$11,678$10,076$8,669$7,440$4,362
15 years$12,463$10,668$9,097$7,731$6,550$3,667
16 years$11,563$9,788$8,248$6,922$5,789$3,091
17 years$10,770$9,014$7,505$6,220$5,133$2,612
18 years$10,066$8,329$6,851$5,605$4,564$2,212
19 years$9,436$7,720$6,272$5,065$4,068$1,876
20 years$8,871$7,173$5,756$4,587$3,634$1,594
21 years$8,359$6,682$5,294$4,163$3,252$1,356
22 years$7,895$6,237$4,880$3,785$2,915$1,154
23 years$7,472$5,834$4,505$3,447$2,617$983
24 years$7,085$5,466$4,167$3,144$2,352$838
25 years$6,729$5,129$3,859$2,871$2,116$715
26 years$6,401$4,821$3,579$2,625$1,906$610
27 years$6,098$4,537$3,324$2,403$1,719$521
28 years$5,817$4,275$3,090$2,202$1,551$445
29 years$5,556$4,033$2,875$2,019$1,400$381
30 years$5,313$3,809$2,678$1,853$1,265$325
31 years$5,086$3,600$2,497$1,702$1,144$278
32 years$4,873$3,407$2,330$1,564$1,035$238
33 years$4,674$3,226$2,175$1,438$936$203
34 years$4,487$3,058$2,032$1,323$848$174
35 years$4,311$2,900$1,900$1,218$768$149
36 years$4,145$2,753$1,778$1,122$696$127
37 years$3,989$2,615$1,664$1,034$631$109
38 years$3,841$2,485$1,558$953$572$93
39 years$3,701$2,363$1,460$879$518$80
40 years$3,568$2,248$1,368$810$470$68
41 years$3,442$2,140$1,283$748$427$58
42 years$3,323$2,038$1,203$690$387$50
43 years$3,209$1,942$1,129$637$351$43
44 years$3,101$1,851$1,060$588$319$37
45 years$2,998$1,765$995$543$290$31
46 years$2,900$1,684$935$502$263$27
47 years$2,806$1,607$878$463$239$23
48 years$2,716$1,534$825$428$217$20
49 years$2,630$1,465$776$396$197$17
50 years$2,548$1,399$729$366$179$14

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 $3,370 every year, while hoping to spend $21,455 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: 80/13/7 Blend
63$2,610,000$2,610,000$2,610,000$2,610,000
64$2,879,696$2,741,366$2,700,911$3,107,664
65$3,150,597$2,852,865$2,768,564$3,368,965
66$3,448,411$2,969,109$2,837,764$3,652,441
67$3,775,860$3,090,306$2,908,540$3,962,835
68$4,135,944$3,216,677$2,980,922$4,302,824
69$4,531,967$3,348,451$3,054,940$4,675,354
70$4,967,571$3,485,868$3,130,623$5,083,671
71$5,446,766$3,629,179$3,208,002$5,531,347
72$5,973,974$3,778,646$3,287,108$6,022,316
73$6,554,062$3,934,543$3,367,969$6,560,913
74$7,192,399$4,097,158$3,450,618$7,151,909
75$7,894,895$4,266,790$3,535,085$7,800,559
76$8,668,065$4,443,753$3,621,402$8,512,651
77$9,519,087$4,628,377$3,709,598$9,294,561
78$10,455,870$4,821,003$3,799,706$10,153,311
79$11,487,129$5,021,993$3,891,756$11,096,634
80$12,622,466$5,231,720$3,985,779$12,133,050
81$13,872,462$5,450,579$4,081,808$13,271,943
82$15,248,777$5,678,981$4,179,872$14,523,651
83$16,764,258$5,917,357$4,280,004$15,899,560
84$18,433,061$6,166,156$4,382,232$17,412,215
85$20,270,786$6,425,851$4,486,590$19,075,434
86$22,294,622$6,696,933$4,593,106$20,904,442
87$24,523,509$6,979,919$4,701,811$22,916,009
88$26,978,321$7,275,348$4,812,736$25,128,612
89$29,682,056$7,583,786$4,925,908$27,562,606
90$32,660,058$7,905,824$5,041,359$30,240,418
91$35,940,255$8,242,081$5,159,115$33,186,755
92$39,553,421$8,593,203$5,279,206$36,428,839
93$43,533,470$8,959,869$5,401,659$39,996,660
94$47,917,769$9,342,788$5,526,500$43,923,264
95$52,747,499$9,742,703$5,653,755$48,245,056
96$58,068,039$10,160,390$5,783,451$53,002,152
97$63,929,393$10,596,663$5,915,610$58,238,747
98$70,386,665$11,052,374$6,050,257$64,003,539
99$77,500,578$11,528,413$6,187,414$70,350,186
100$85,338,045$12,025,714$6,327,101$77,337,806