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%12%
1 years$216,357$214,430$212,550$210,714$208,922$207,172
2 years$107,108$105,113$103,179$101,305$99,487$97,723
3 years$70,696$68,692$66,764$64,907$63,119$61,395
4 years$52,493$50,496$48,587$46,762$45,017$43,348
5 years$41,575$39,590$37,706$35,918$34,221$32,611
6 years$34,298$32,328$30,472$28,724$27,078$25,529
7 years$29,103$27,149$25,322$23,615$22,022$20,534
8 years$25,208$23,272$21,475$19,810$18,269$16,844
9 years$22,180$20,262$18,497$16,874$15,385$14,021
10 years$19,759$17,860$16,126$14,546$13,109$11,806
11 years$17,780$15,900$14,197$12,659$11,274$10,030
12 years$16,132$14,271$12,599$11,104$9,770$8,585
13 years$14,738$12,897$11,257$9,803$8,520$7,391
14 years$13,544$11,723$10,114$8,702$7,468$6,396
15 years$12,511$10,709$9,132$7,761$6,576$5,557
16 years$11,608$9,825$8,279$6,949$5,812$4,846
17 years$10,811$9,049$7,534$6,243$5,153$4,238
18 years$10,104$8,361$6,877$5,627$4,582$3,716
19 years$9,472$7,749$6,296$5,084$4,084$3,266
20 years$8,905$7,201$5,778$4,605$3,648$2,875
21 years$8,391$6,707$5,315$4,179$3,264$2,536
22 years$7,925$6,261$4,898$3,800$2,926$2,240
23 years$7,501$5,856$4,523$3,460$2,627$1,981
24 years$7,112$5,487$4,183$3,156$2,361$1,753
25 years$6,755$5,149$3,874$2,882$2,124$1,554
26 years$6,426$4,839$3,593$2,635$1,914$1,378
27 years$6,121$4,554$3,336$2,412$1,725$1,223
28 years$5,839$4,291$3,102$2,210$1,557$1,086
29 years$5,577$4,048$2,886$2,027$1,406$965
30 years$5,333$3,823$2,689$1,860$1,270$858
31 years$5,105$3,614$2,506$1,708$1,148$764
32 years$4,892$3,420$2,339$1,570$1,039$680
33 years$4,692$3,239$2,184$1,444$940$605
34 years$4,504$3,070$2,040$1,328$851$539
35 years$4,328$2,911$1,907$1,223$771$480
36 years$4,161$2,763$1,784$1,126$698$428
37 years$4,004$2,625$1,670$1,038$633$381
38 years$3,856$2,494$1,564$956$574$340
39 years$3,715$2,372$1,465$882$520$303
40 years$3,582$2,257$1,373$813$472$270
41 years$3,456$2,148$1,288$750$428$241
42 years$3,336$2,046$1,208$693$389$215
43 years$3,222$1,949$1,134$639$353$192
44 years$3,113$1,858$1,064$590$320$171
45 years$3,009$1,772$999$545$291$153
46 years$2,911$1,690$938$504$264$136
47 years$2,817$1,613$882$465$240$121
48 years$2,726$1,540$828$430$218$108
49 years$2,640$1,470$779$397$198$97
50 years$2,558$1,405$732$367$180$86

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 $4,241 every year, while hoping to spend $48,876 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: 66/8/26 Blend
63$2,620,000$2,620,000$2,620,000$2,620,000
64$2,891,615$2,752,755$2,712,145$3,062,571
65$3,134,556$2,835,636$2,750,998$3,261,170
66$3,400,638$2,920,940$2,789,514$3,472,337
67$3,692,172$3,008,735$2,827,632$3,702,120
68$4,011,699$3,099,088$2,865,283$3,952,358
69$4,362,020$3,192,071$2,902,397$4,225,073
70$4,746,219$3,287,756$2,938,901$4,522,496
71$5,167,694$3,386,216$2,974,714$4,847,082
72$5,630,186$3,487,528$3,009,755$5,201,537
73$6,137,817$3,591,769$3,043,933$5,588,842
74$6,695,127$3,699,018$3,077,157$6,012,281
75$7,307,117$3,809,357$3,109,329$6,475,471
76$7,979,296$3,922,869$3,140,345$6,982,399
77$8,717,733$4,039,638$3,170,095$7,537,456
78$9,529,114$4,159,753$3,198,466$8,145,484
79$10,420,804$4,283,301$3,225,335$8,811,812
80$11,400,918$4,410,375$3,250,576$9,542,317
81$12,478,395$4,541,067$3,274,054$10,343,473
82$13,663,084$4,675,472$3,295,627$11,222,412
83$14,965,837$4,813,688$3,315,148$12,186,997
84$16,398,607$4,955,813$3,332,461$13,245,887
85$17,974,566$5,101,950$3,347,400$14,408,628
86$19,708,228$5,252,201$3,359,793$15,685,737
87$21,615,581$5,406,672$3,369,460$17,088,805
88$23,714,243$5,565,472$3,376,210$18,630,604
89$26,023,625$5,728,710$3,379,843$20,325,206
90$28,565,117$5,896,499$3,380,149$22,188,123
91$31,362,283$6,068,952$3,376,909$24,236,444
92$34,441,092$6,246,186$3,369,891$26,489,004
93$37,830,154$6,428,320$3,358,853$28,966,558
94$41,560,997$6,615,475$3,343,542$31,691,979
95$45,668,360$6,807,774$3,323,691$34,690,471
96$50,190,519$7,005,342$3,299,022$37,989,811
97$55,169,655$7,208,306$3,269,242$41,620,609
98$60,652,243$7,416,797$3,234,045$45,616,597
99$66,689,497$7,630,944$3,193,110$50,014,949
100$73,337,848$7,850,883$3,146,102$54,856,629