Can I retire at age 64 with 2,640,000?

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$218,009$216,067$214,172$212,323$210,517$207,371
2 years$107,925$105,915$103,967$102,078$100,246$97,084
3 years$71,235$69,217$67,274$65,403$63,600$60,520
4 years$52,894$50,882$48,958$47,119$45,360$42,386
5 years$41,892$39,892$37,993$36,192$34,482$31,622
6 years$34,560$32,575$30,704$28,943$27,285$24,542
7 years$29,325$27,356$25,515$23,796$22,190$19,565
8 years$25,400$23,449$21,639$19,961$18,408$15,902
9 years$22,349$20,417$18,638$17,003$15,503$13,113
10 years$19,910$17,996$16,249$14,657$13,209$10,935
11 years$17,916$16,021$14,305$12,756$11,360$9,199
12 years$16,255$14,380$12,695$11,188$9,844$7,793
13 years$14,850$12,995$11,343$9,878$8,585$6,640
14 years$13,648$11,812$10,191$8,768$7,525$5,685
15 years$12,606$10,791$9,201$7,820$6,626$4,887
16 years$11,696$9,900$8,342$7,002$5,856$4,214
17 years$10,894$9,118$7,591$6,291$5,192$3,644
18 years$10,181$8,425$6,930$5,669$4,617$3,159
19 years$9,545$7,808$6,344$5,123$4,115$2,744
20 years$8,973$7,256$5,822$4,640$3,676$2,388
21 years$8,455$6,759$5,355$4,211$3,289$2,081
22 years$7,986$6,309$4,936$3,829$2,948$1,816
23 years$7,558$5,901$4,557$3,487$2,647$1,586
24 years$7,166$5,528$4,215$3,180$2,379$1,387
25 years$6,806$5,188$3,904$2,904$2,141$1,214
26 years$6,475$4,876$3,620$2,656$1,928$1,063
27 years$6,168$4,589$3,362$2,431$1,738$932
28 years$5,884$4,324$3,125$2,227$1,569$817
29 years$5,620$4,079$2,908$2,042$1,416$716
30 years$5,374$3,852$2,709$1,874$1,280$629
31 years$5,144$3,642$2,526$1,721$1,157$552
32 years$4,929$3,446$2,356$1,582$1,047$485
33 years$4,728$3,263$2,200$1,455$947$426
34 years$4,539$3,093$2,056$1,339$858$374
35 years$4,361$2,934$1,922$1,232$777$329
36 years$4,193$2,784$1,798$1,135$704$289
37 years$4,035$2,645$1,683$1,046$638$254
38 years$3,885$2,513$1,576$964$578$224
39 years$3,743$2,390$1,476$889$524$197
40 years$3,609$2,274$1,384$820$476$173
41 years$3,482$2,164$1,298$756$432$152
42 years$3,361$2,061$1,217$698$392$134
43 years$3,246$1,964$1,142$644$355$118
44 years$3,137$1,872$1,072$595$323$104
45 years$3,032$1,785$1,007$549$293$91
46 years$2,933$1,703$946$507$266$80
47 years$2,838$1,625$888$469$241$71
48 years$2,747$1,551$835$433$219$62
49 years$2,661$1,482$785$400$199$55
50 years$2,578$1,415$738$370$181$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,640,000, adding $6,623 every year, while hoping to spend $20,433 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: 29/46/25 Blend
63$2,640,000$2,640,000$2,640,000$2,640,000
64$2,916,112$2,776,192$2,735,272$2,977,867
65$3,191,814$2,890,484$2,805,163$3,140,914
66$3,494,954$3,009,693$2,876,710$3,313,841
67$3,828,308$3,134,036$2,949,948$3,499,341
68$4,194,935$3,263,743$3,024,911$3,698,509
69$4,598,206$3,399,055$3,101,634$3,912,548
70$5,041,836$3,540,221$3,180,151$4,142,775
71$5,529,916$3,687,505$3,260,499$4,390,635
72$6,066,955$3,841,181$3,342,714$4,657,709
73$6,657,922$4,001,536$3,426,832$4,945,733
74$7,308,290$4,168,871$3,512,890$5,256,612
75$8,024,089$4,343,499$3,600,926$5,592,434
76$8,811,967$4,525,751$3,690,978$5,955,491
77$9,679,245$4,715,970$3,783,083$6,348,299
78$10,633,991$4,914,516$3,877,279$6,773,622
79$11,685,097$5,121,766$3,973,607$7,234,491
80$12,842,358$5,338,114$4,072,104$7,734,239
81$14,116,570$5,563,973$4,172,811$8,276,523
82$15,519,626$5,799,774$4,275,766$8,865,364
83$17,064,633$6,045,968$4,381,010$9,505,179
84$18,766,035$6,303,030$4,488,583$10,200,822
85$20,639,745$6,571,453$4,598,525$10,957,628
86$22,703,300$6,851,755$4,710,877$11,781,462
87$24,976,025$7,144,479$4,825,679$12,678,771
88$27,479,212$7,450,191$4,942,971$13,656,646
89$30,236,326$7,769,485$5,062,796$14,722,881
90$33,273,225$8,102,984$5,185,193$15,886,051
91$36,618,401$8,451,336$5,310,204$17,155,586
92$40,303,250$8,815,224$5,437,868$18,541,859
93$44,362,372$9,195,361$5,568,228$20,056,282
94$48,833,893$9,592,492$5,701,322$21,711,409
95$53,759,825$10,007,399$5,837,191$23,521,055
96$59,186,466$10,440,901$5,975,876$25,500,420
97$65,164,833$10,893,852$6,117,415$27,666,232
98$71,751,146$11,367,151$6,261,849$30,036,902
99$79,007,357$11,861,736$6,409,215$32,632,689
100$87,001,736$12,378,589$6,559,552$35,475,898