Can I retire at age 64 with 2,630,000?

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$217,183$215,248$213,361$211,519$209,720$208,661
2 years$107,516$105,514$103,573$101,692$99,867$98,798
3 years$70,966$68,955$67,019$65,155$63,359$62,314
4 years$52,694$50,689$48,773$46,940$45,189$44,174
5 years$41,734$39,741$37,849$36,055$34,352$33,372
6 years$34,429$32,451$30,588$28,833$27,181$26,237
7 years$29,214$27,253$25,419$23,705$22,106$21,198
8 years$25,304$23,360$21,557$19,886$18,339$17,467
9 years$22,265$20,339$18,567$16,938$15,444$14,608
10 years$19,835$17,928$16,187$14,601$13,159$12,359
11 years$17,848$15,960$14,251$12,707$11,317$10,552
12 years$16,193$14,325$12,647$11,146$9,807$9,076
13 years$14,794$12,946$11,300$9,840$8,552$7,855
14 years$13,596$11,767$10,153$8,735$7,497$6,832
15 years$12,559$10,750$9,167$7,790$6,601$5,969
16 years$11,652$9,863$8,311$6,975$5,834$5,233
17 years$10,853$9,083$7,563$6,267$5,173$4,602
18 years$10,143$8,393$6,904$5,648$4,599$4,058
19 years$9,509$7,779$6,320$5,103$4,099$3,587
20 years$8,939$7,228$5,800$4,622$3,662$3,176
21 years$8,423$6,733$5,335$4,195$3,277$2,818
22 years$7,956$6,285$4,917$3,814$2,937$2,504
23 years$7,529$5,878$4,540$3,474$2,637$2,227
24 years$7,139$5,508$4,199$3,168$2,370$1,984
25 years$6,781$5,169$3,889$2,893$2,132$1,769
26 years$6,450$4,858$3,607$2,645$1,921$1,579
27 years$6,145$4,572$3,349$2,421$1,732$1,410
28 years$5,862$4,308$3,113$2,219$1,563$1,260
29 years$5,599$4,064$2,897$2,035$1,411$1,127
30 years$5,354$3,838$2,699$1,867$1,275$1,009
31 years$5,125$3,628$2,516$1,715$1,153$903
32 years$4,911$3,433$2,347$1,576$1,043$809
33 years$4,710$3,251$2,192$1,449$944$725
34 years$4,521$3,081$2,048$1,333$854$650
35 years$4,344$2,922$1,915$1,227$774$583
36 years$4,177$2,774$1,791$1,130$701$523
37 years$4,019$2,635$1,676$1,042$635$469
38 years$3,870$2,504$1,570$960$576$421
39 years$3,729$2,381$1,471$885$522$378
40 years$3,596$2,265$1,379$816$474$339
41 years$3,469$2,156$1,293$753$430$305
42 years$3,348$2,054$1,213$695$390$274
43 years$3,234$1,957$1,138$642$354$246
44 years$3,125$1,865$1,068$593$321$221
45 years$3,021$1,778$1,003$547$292$198
46 years$2,922$1,697$942$506$265$178
47 years$2,827$1,619$885$467$241$160
48 years$2,737$1,546$832$432$218$144
49 years$2,650$1,476$782$399$198$129
50 years$2,568$1,410$735$369$180$116

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,630,000, adding $3,080 every year, while hoping to spend $20,266 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: 52/43/5 Blend
63$2,630,000$2,630,000$2,630,000$2,630,000
64$2,901,437$2,762,047$2,721,282$3,048,897
65$3,175,821$2,875,824$2,790,882$3,262,923
66$3,477,512$2,994,498$2,862,135$3,493,068
67$3,809,276$3,118,285$2,935,073$3,742,841
68$4,174,157$3,247,416$3,009,733$4,014,092
69$4,575,510$3,382,128$3,086,148$4,308,853
70$5,017,032$3,522,673$3,164,354$4,629,358
71$5,502,796$3,669,311$3,244,387$4,978,060
72$6,037,290$3,822,316$3,326,283$5,357,657
73$6,625,459$3,981,974$3,410,078$5,771,112
74$7,272,750$4,148,586$3,495,810$6,221,685
75$7,985,167$4,322,463$3,583,517$6,712,960
76$8,769,324$4,503,934$3,673,235$7,248,876
77$9,632,510$4,693,342$3,765,003$7,833,767
78$10,582,756$4,891,045$3,858,860$8,472,398
79$11,628,910$5,097,419$3,954,845$9,170,012
80$12,780,723$5,312,857$4,052,996$9,932,376
81$14,048,940$5,537,770$4,153,355$10,765,835
82$15,445,399$5,772,587$4,255,959$11,677,367
83$16,983,146$6,017,761$4,360,850$12,674,656
84$18,676,556$6,273,760$4,468,068$13,766,152
85$20,541,469$6,541,079$4,577,653$14,961,157
86$22,595,341$6,820,234$4,689,646$16,269,909
87$24,857,405$7,111,765$4,804,089$17,703,675
88$27,348,856$7,416,237$4,921,021$19,274,859
89$30,093,048$7,734,241$5,040,484$20,997,111
90$33,115,718$8,066,398$5,162,520$22,885,463
91$36,445,226$8,413,356$5,287,169$24,956,460
92$40,112,822$8,775,794$5,414,472$27,228,317
93$44,152,944$9,154,422$5,544,471$29,721,093
94$48,603,540$9,549,984$5,677,206$32,456,870
95$53,506,427$9,963,259$5,812,718$35,459,966
96$58,907,686$10,395,062$5,951,048$38,757,155
97$64,858,097$10,846,247$6,092,235$42,377,925
98$71,413,617$11,317,708$6,236,319$46,354,747
99$78,635,910$11,810,380$6,383,340$50,723,380
100$86,592,928$12,325,243$6,533,337$55,523,207