Can I retire at age 64 with 2,620,000?

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 $2,620,000?

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$216,357$214,430$212,550$210,714$208,922$204,621
2 years$107,108$105,113$103,179$101,305$99,487$95,172
3 years$70,696$68,692$66,764$64,907$63,119$58,926
4 years$52,493$50,496$48,587$46,762$45,017$40,978
5 years$41,575$39,590$37,706$35,918$34,221$30,348
6 years$34,298$32,328$30,472$28,724$27,078$23,375
7 years$29,103$27,149$25,322$23,615$22,022$18,490
8 years$25,208$23,272$21,475$19,810$18,269$14,907
9 years$22,180$20,262$18,497$16,874$15,385$12,190
10 years$19,759$17,860$16,126$14,546$13,109$10,078
11 years$17,780$15,900$14,197$12,659$11,274$8,404
12 years$16,132$14,271$12,599$11,104$9,770$7,055
13 years$14,738$12,897$11,257$9,803$8,520$5,957
14 years$13,544$11,723$10,114$8,702$7,468$5,052
15 years$12,511$10,709$9,132$7,761$6,576$4,301
16 years$11,608$9,825$8,279$6,949$5,812$3,672
17 years$10,811$9,049$7,534$6,243$5,153$3,144
18 years$10,104$8,361$6,877$5,627$4,582$2,698
19 years$9,472$7,749$6,296$5,084$4,084$2,320
20 years$8,905$7,201$5,778$4,605$3,648$1,997
21 years$8,391$6,707$5,315$4,179$3,264$1,722
22 years$7,925$6,261$4,898$3,800$2,926$1,487
23 years$7,501$5,856$4,523$3,460$2,627$1,285
24 years$7,112$5,487$4,183$3,156$2,361$1,111
25 years$6,755$5,149$3,874$2,882$2,124$962
26 years$6,426$4,839$3,593$2,635$1,914$833
27 years$6,121$4,554$3,336$2,412$1,725$722
28 years$5,839$4,291$3,102$2,210$1,557$626
29 years$5,577$4,048$2,886$2,027$1,406$543
30 years$5,333$3,823$2,689$1,860$1,270$471
31 years$5,105$3,614$2,506$1,708$1,148$408
32 years$4,892$3,420$2,339$1,570$1,039$355
33 years$4,692$3,239$2,184$1,444$940$308
34 years$4,504$3,070$2,040$1,328$851$267
35 years$4,328$2,911$1,907$1,223$771$232
36 years$4,161$2,763$1,784$1,126$698$202
37 years$4,004$2,625$1,670$1,038$633$175
38 years$3,856$2,494$1,564$956$574$152
39 years$3,715$2,372$1,465$882$520$132
40 years$3,582$2,257$1,373$813$472$115
41 years$3,456$2,148$1,288$750$428$100
42 years$3,336$2,046$1,208$693$389$87
43 years$3,222$1,949$1,134$639$353$76
44 years$3,113$1,858$1,064$590$320$66
45 years$3,009$1,772$999$545$291$57
46 years$2,911$1,690$938$504$264$50
47 years$2,817$1,613$882$465$240$43
48 years$2,726$1,540$828$430$218$38
49 years$2,640$1,470$779$397$198$33
50 years$2,558$1,405$732$367$180$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,620,000, adding $5,206 every year, while hoping to spend $41,221 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: 47/36/17 Blend
63$2,620,000$2,620,000$2,620,000$2,620,000
64$2,892,610$2,753,750$2,713,140$3,014,427
65$3,143,797$2,844,825$2,760,171$3,190,692
66$3,419,224$2,938,981$2,807,397$3,377,300
67$3,721,320$3,036,326$2,854,779$3,578,955
68$4,052,759$3,136,970$2,902,279$3,797,078
69$4,416,489$3,241,030$2,949,853$4,033,232
70$4,815,755$3,348,625$2,997,458$4,289,135
71$5,254,133$3,459,878$3,045,044$4,566,678
72$5,735,561$3,574,919$3,092,559$4,867,940
73$6,264,379$3,693,881$3,139,951$5,195,209
74$6,845,365$3,816,901$3,187,159$5,551,003
75$7,483,786$3,944,122$3,234,122$5,938,092
76$8,185,442$4,075,694$3,280,774$6,359,525
77$8,956,723$4,211,769$3,327,047$6,818,658
78$9,804,670$4,352,507$3,372,864$7,319,186
79$10,737,041$4,498,074$3,418,149$7,865,173
80$11,762,380$4,648,641$3,462,819$8,461,098
81$12,890,105$4,804,386$3,506,785$9,111,888
82$14,130,588$4,965,493$3,549,954$9,822,971
83$15,495,259$5,132,154$3,592,229$10,600,321
84$16,996,713$5,304,567$3,633,506$11,450,518
85$18,648,824$5,482,937$3,673,675$12,380,807
86$20,466,882$5,667,479$3,712,621$13,399,168
87$22,467,732$5,858,413$3,750,222$14,514,388
88$24,669,935$6,055,970$3,786,349$15,736,145
89$27,093,944$6,260,388$3,820,867$17,075,098
90$29,762,293$6,471,914$3,853,633$18,542,987
91$32,699,814$6,690,805$3,884,497$20,152,745
92$35,933,867$6,917,327$3,913,300$21,918,616
93$39,494,603$7,151,757$3,939,877$23,856,290
94$43,415,241$7,394,381$3,964,051$25,983,052
95$47,732,388$7,645,499$3,985,639$28,317,942
96$52,486,381$7,905,417$4,004,448$30,881,935
97$57,721,668$8,174,459$4,020,273$33,698,139
98$63,487,227$8,452,956$4,032,901$36,792,009
99$69,837,029$8,741,256$4,042,107$40,191,590
100$76,830,544$9,039,716$4,047,656$43,927,779