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%15.2%
1 years$216,357$214,430$212,550$210,714$208,922$204,454
2 years$107,108$105,113$103,179$101,305$99,487$95,006
3 years$70,696$68,692$66,764$64,907$63,119$58,766
4 years$52,493$50,496$48,587$46,762$45,017$40,826
5 years$41,575$39,590$37,706$35,918$34,221$30,204
6 years$34,298$32,328$30,472$28,724$27,078$23,239
7 years$29,103$27,149$25,322$23,615$22,022$18,361
8 years$25,208$23,272$21,475$19,810$18,269$14,786
9 years$22,180$20,262$18,497$16,874$15,385$12,077
10 years$19,759$17,860$16,126$14,546$13,109$9,972
11 years$17,780$15,900$14,197$12,659$11,274$8,305
12 years$16,132$14,271$12,599$11,104$9,770$6,963
13 years$14,738$12,897$11,257$9,803$8,520$5,871
14 years$13,544$11,723$10,114$8,702$7,468$4,972
15 years$12,511$10,709$9,132$7,761$6,576$4,227
16 years$11,608$9,825$8,279$6,949$5,812$3,605
17 years$10,811$9,049$7,534$6,243$5,153$3,082
18 years$10,104$8,361$6,877$5,627$4,582$2,641
19 years$9,472$7,749$6,296$5,084$4,084$2,267
20 years$8,905$7,201$5,778$4,605$3,648$1,949
21 years$8,391$6,707$5,315$4,179$3,264$1,678
22 years$7,925$6,261$4,898$3,800$2,926$1,446
23 years$7,501$5,856$4,523$3,460$2,627$1,248
24 years$7,112$5,487$4,183$3,156$2,361$1,077
25 years$6,755$5,149$3,874$2,882$2,124$931
26 years$6,426$4,839$3,593$2,635$1,914$805
27 years$6,121$4,554$3,336$2,412$1,725$696
28 years$5,839$4,291$3,102$2,210$1,557$603
29 years$5,577$4,048$2,886$2,027$1,406$522
30 years$5,333$3,823$2,689$1,860$1,270$452
31 years$5,105$3,614$2,506$1,708$1,148$392
32 years$4,892$3,420$2,339$1,570$1,039$339
33 years$4,692$3,239$2,184$1,444$940$294
34 years$4,504$3,070$2,040$1,328$851$255
35 years$4,328$2,911$1,907$1,223$771$221
36 years$4,161$2,763$1,784$1,126$698$192
37 years$4,004$2,625$1,670$1,038$633$166
38 years$3,856$2,494$1,564$956$574$144
39 years$3,715$2,372$1,465$882$520$125
40 years$3,582$2,257$1,373$813$472$109
41 years$3,456$2,148$1,288$750$428$94
42 years$3,336$2,046$1,208$693$389$82
43 years$3,222$1,949$1,134$639$353$71
44 years$3,113$1,858$1,064$590$320$62
45 years$3,009$1,772$999$545$291$53
46 years$2,911$1,690$938$504$264$46
47 years$2,817$1,613$882$465$240$40
48 years$2,726$1,540$828$430$218$35
49 years$2,640$1,470$779$397$198$30
50 years$2,558$1,405$732$367$180$26

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 $2,787 every year, while hoping to spend $51,552 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: 64/31/5 Blend
63$2,620,000$2,620,000$2,620,000$2,620,000
64$2,890,115$2,751,255$2,710,645$3,072,857
65$3,130,056$2,831,215$2,746,600$3,274,685
66$3,392,743$2,913,366$2,782,033$3,488,640
67$3,680,441$2,997,760$2,816,870$3,720,939
68$3,995,647$3,084,451$2,851,036$3,973,355
69$4,341,107$3,173,494$2,884,450$4,247,839
70$4,719,849$3,264,943$2,917,027$4,546,541
71$5,135,204$3,358,856$2,948,678$4,871,823
72$5,590,844$3,455,290$2,979,309$5,226,290
73$6,090,813$3,554,302$3,008,818$5,612,807
74$6,639,565$3,655,951$3,037,102$6,034,530
75$7,242,005$3,760,297$3,064,050$6,494,931
76$7,903,537$3,867,400$3,089,544$6,997,836
77$8,630,116$3,977,320$3,113,461$7,547,459
78$9,428,299$4,090,120$3,135,673$8,148,436
79$10,305,311$4,205,861$3,156,044$8,805,878
80$11,269,111$4,324,607$3,174,430$9,525,411
81$12,328,467$4,446,419$3,190,680$10,313,232
82$13,493,040$4,571,363$3,204,636$11,176,166
83$14,773,472$4,699,501$3,216,133$12,121,733
84$16,181,488$4,830,899$3,224,996$13,158,214
85$17,730,007$4,965,620$3,231,041$14,294,732
86$19,433,262$5,103,730$3,234,075$15,541,336
87$21,306,936$5,245,294$3,233,897$16,909,099
88$23,368,305$5,390,375$3,230,295$18,410,215
89$25,636,409$5,539,040$3,223,046$20,058,123
90$28,132,222$5,691,352$3,211,918$21,867,624
91$30,878,856$5,847,376$3,196,664$23,855,027
92$33,901,777$6,007,175$3,177,030$26,038,301
93$37,229,044$6,170,813$3,152,747$28,437,242
94$40,891,575$6,338,351$3,123,532$31,073,662
95$44,923,437$6,509,851$3,089,092$33,971,593
96$49,362,167$6,685,374$3,049,116$37,157,514
97$54,249,130$6,864,979$3,003,283$40,660,599
98$59,629,901$7,048,722$2,951,253$44,512,995
99$65,554,702$7,236,662$2,892,672$48,750,123
100$72,078,874$7,428,850$2,827,168$53,411,011