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

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$217,183$215,248$213,361$211,519$209,720$203,169
2 years$107,516$105,514$103,573$101,692$99,867$93,325
3 years$70,966$68,955$67,019$65,155$63,359$57,033
4 years$52,694$50,689$48,773$46,940$45,189$39,125
5 years$41,734$39,741$37,849$36,055$34,352$28,567
6 years$34,429$32,451$30,588$28,833$27,181$21,681
7 years$29,214$27,253$25,419$23,705$22,106$16,889
8 years$25,304$23,360$21,557$19,886$18,339$13,403
9 years$22,265$20,339$18,567$16,938$15,444$10,783
10 years$19,835$17,928$16,187$14,601$13,159$8,766
11 years$17,848$15,960$14,251$12,707$11,317$7,184
12 years$16,193$14,325$12,647$11,146$9,807$5,926
13 years$14,794$12,946$11,300$9,840$8,552$4,913
14 years$13,596$11,767$10,153$8,735$7,497$4,090
15 years$12,559$10,750$9,167$7,790$6,601$3,417
16 years$11,652$9,863$8,311$6,975$5,834$2,862
17 years$10,853$9,083$7,563$6,267$5,173$2,403
18 years$10,143$8,393$6,904$5,648$4,599$2,021
19 years$9,509$7,779$6,320$5,103$4,099$1,703
20 years$8,939$7,228$5,800$4,622$3,662$1,437
21 years$8,423$6,733$5,335$4,195$3,277$1,213
22 years$7,956$6,285$4,917$3,814$2,937$1,026
23 years$7,529$5,878$4,540$3,474$2,637$868
24 years$7,139$5,508$4,199$3,168$2,370$734
25 years$6,781$5,169$3,889$2,893$2,132$622
26 years$6,450$4,858$3,607$2,645$1,921$527
27 years$6,145$4,572$3,349$2,421$1,732$447
28 years$5,862$4,308$3,113$2,219$1,563$379
29 years$5,599$4,064$2,897$2,035$1,411$321
30 years$5,354$3,838$2,699$1,867$1,275$273
31 years$5,125$3,628$2,516$1,715$1,153$231
32 years$4,911$3,433$2,347$1,576$1,043$196
33 years$4,710$3,251$2,192$1,449$944$167
34 years$4,521$3,081$2,048$1,333$854$142
35 years$4,344$2,922$1,915$1,227$774$120
36 years$4,177$2,774$1,791$1,130$701$102
37 years$4,019$2,635$1,676$1,042$635$87
38 years$3,870$2,504$1,570$960$576$74
39 years$3,729$2,381$1,471$885$522$63
40 years$3,596$2,265$1,379$816$474$53
41 years$3,469$2,156$1,293$753$430$45
42 years$3,348$2,054$1,213$695$390$38
43 years$3,234$1,957$1,138$642$354$33
44 years$3,125$1,865$1,068$593$321$28
45 years$3,021$1,778$1,003$547$292$24
46 years$2,922$1,697$942$506$265$20
47 years$2,827$1,619$885$467$241$17
48 years$2,737$1,546$832$432$218$14
49 years$2,650$1,476$782$399$198$12
50 years$2,568$1,410$735$369$180$10

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 $6,970 every year, while hoping to spend $41,893 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: 61/11/28 Blend
63$2,630,000$2,630,000$2,630,000$2,630,000
64$2,905,450$2,766,060$2,725,295$3,060,369
65$3,157,232$2,857,023$2,772,018$3,257,624
66$3,433,291$2,951,039$2,818,903$3,467,721
67$3,736,061$3,048,214$2,865,910$3,696,176
68$4,068,219$3,148,656$2,912,998$3,944,791
69$4,432,716$3,252,479$2,960,122$4,215,549
70$4,832,802$3,359,800$3,007,235$4,510,635
71$5,272,058$3,470,740$3,054,288$4,832,455
72$5,754,427$3,585,424$3,101,225$5,183,659
73$6,284,252$3,703,984$3,147,990$5,567,166
74$6,866,320$3,826,554$3,194,522$5,986,191
75$7,505,903$3,953,274$3,240,757$6,444,276
76$8,208,809$4,084,288$3,286,626$6,945,323
77$8,981,437$4,219,747$3,332,057$7,493,628
78$9,830,835$4,359,806$3,376,972$8,093,926
79$10,764,770$4,504,627$3,421,291$8,751,434
80$11,791,800$4,654,376$3,464,927$9,471,897
81$12,921,351$4,809,228$3,507,790$10,261,648
82$14,163,809$4,969,361$3,549,781$11,127,660
83$15,530,620$5,134,962$3,590,801$12,077,620
84$17,034,391$5,306,223$3,630,741$13,119,994
85$18,689,016$5,483,345$3,669,488$14,264,111
86$20,509,802$5,666,535$3,706,922$15,520,252
87$22,513,615$5,856,009$3,742,918$16,899,742
88$24,719,040$6,051,989$3,777,341$18,415,062
89$27,146,552$6,254,706$3,810,052$20,079,962
90$29,818,714$6,464,401$3,840,903$21,909,595
91$32,760,389$6,681,323$3,869,739$23,920,658
92$35,998,970$6,905,728$3,896,396$26,131,547
93$39,564,641$7,137,886$3,920,702$28,562,535
94$43,490,666$7,378,073$3,942,477$31,235,961
95$47,813,693$7,626,579$3,961,529$34,176,441
96$52,574,110$7,883,700$3,977,660$37,411,099
97$57,816,416$8,149,749$3,990,659$40,969,826
98$63,589,649$8,425,046$4,000,305$44,885,558
99$69,947,846$8,709,925$4,006,367$49,194,592
100$76,950,547$9,004,733$4,008,602$53,936,923