Can I retire at age 64 with 2,650,000?

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$218,835$216,885$214,983$213,127$211,315$203,493
2 years$108,334$106,316$104,361$102,465$100,626$92,835
3 years$71,505$69,479$67,528$65,650$63,841$56,325
4 years$53,094$51,074$49,143$47,297$45,532$38,348
5 years$42,051$40,043$38,137$36,329$34,613$27,779
6 years$34,691$32,698$30,821$29,053$27,388$20,910
7 years$29,436$27,460$25,612$23,886$22,274$16,150
8 years$25,496$23,538$21,721$20,037$18,478$12,703
9 years$22,434$20,494$18,708$17,067$15,561$10,126
10 years$19,985$18,065$16,310$14,712$13,259$8,155
11 years$17,983$16,082$14,359$12,804$11,403$6,619
12 years$16,316$14,434$12,744$11,231$9,882$5,405
13 years$14,907$13,044$11,386$9,915$8,617$4,436
14 years$13,699$11,857$10,230$8,801$7,554$3,654
15 years$12,654$10,831$9,236$7,849$6,651$3,020
16 years$11,740$9,938$8,374$7,028$5,878$2,503
17 years$10,935$9,152$7,620$6,315$5,212$2,078
18 years$10,220$8,457$6,956$5,691$4,634$1,729
19 years$9,581$7,838$6,368$5,142$4,131$1,440
20 years$9,007$7,283$5,844$4,657$3,689$1,201
21 years$8,487$6,784$5,376$4,227$3,302$1,002
22 years$8,016$6,333$4,954$3,843$2,959$838
23 years$7,587$5,923$4,575$3,500$2,657$700
24 years$7,193$5,549$4,231$3,192$2,388$586
25 years$6,832$5,208$3,918$2,915$2,149$490
26 years$6,499$4,895$3,634$2,666$1,935$410
27 years$6,192$4,606$3,375$2,440$1,745$344
28 years$5,906$4,341$3,137$2,235$1,575$288
29 years$5,641$4,095$2,919$2,050$1,422$241
30 years$5,394$3,867$2,719$1,881$1,285$202
31 years$5,164$3,656$2,535$1,728$1,161$169
32 years$4,948$3,459$2,365$1,588$1,051$142
33 years$4,746$3,276$2,209$1,460$951$119
34 years$4,556$3,105$2,064$1,344$861$100
35 years$4,377$2,945$1,929$1,237$780$84
36 years$4,209$2,795$1,805$1,139$706$70
37 years$4,050$2,655$1,689$1,050$640$59
38 years$3,900$2,523$1,582$967$580$49
39 years$3,758$2,399$1,482$892$526$41
40 years$3,623$2,282$1,389$823$477$35
41 years$3,495$2,173$1,303$759$433$29
42 years$3,374$2,069$1,222$701$393$24
43 years$3,258$1,971$1,147$647$357$21
44 years$3,149$1,879$1,076$597$324$17
45 years$3,044$1,792$1,011$551$294$14
46 years$2,944$1,710$949$509$267$12
47 years$2,849$1,631$892$471$242$10
48 years$2,758$1,557$838$435$220$9
49 years$2,671$1,487$788$402$200$7
50 years$2,587$1,421$740$371$182$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,650,000, adding $3,798 every year, while hoping to spend $23,595 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: 45/35/20 Blend
63$2,650,000$2,650,000$2,650,000$2,650,000
64$2,924,218$2,783,768$2,742,693$3,038,821
65$3,197,383$2,895,067$2,809,468$3,230,974
66$3,497,620$3,011,030$2,877,689$3,436,594
67$3,827,666$3,131,859$2,947,381$3,659,088
68$4,190,535$3,257,767$3,018,565$3,900,035
69$4,589,549$3,388,977$3,091,266$4,161,167
70$5,028,367$3,525,721$3,165,508$4,444,391
71$5,511,021$3,668,242$3,241,313$4,751,799
72$6,041,953$3,816,794$3,318,705$5,085,692
73$6,626,058$3,971,642$3,397,707$5,448,601
74$7,268,728$4,133,065$3,478,342$5,843,305
75$7,975,905$4,301,351$3,560,633$6,272,863
76$8,754,135$4,476,806$3,644,602$6,740,637
77$9,610,633$4,659,745$3,730,272$7,250,326
78$10,553,346$4,850,501$3,817,665$7,805,998
79$11,591,032$5,049,421$3,906,802$8,412,127
80$12,733,342$5,256,866$3,997,704$9,073,636
81$13,990,907$5,473,218$4,090,392$9,795,943
82$15,375,446$5,698,872$4,184,886$10,585,007
83$16,899,868$5,934,243$4,281,206$11,447,387
84$18,578,399$6,179,765$4,379,371$12,390,301
85$20,426,714$6,435,892$4,479,398$13,421,693
86$22,462,087$6,703,099$4,581,306$14,550,306
87$24,703,551$6,981,882$4,685,112$15,785,766
88$27,172,081$7,272,761$4,790,830$17,138,667
89$29,890,786$7,576,279$4,898,475$18,620,673
90$32,885,134$7,893,006$5,008,063$20,244,624
91$36,183,189$8,223,534$5,119,604$22,024,658
92$39,815,875$8,568,487$5,233,111$23,976,342
93$43,817,267$8,928,516$5,348,593$26,116,814
94$48,224,916$9,304,302$5,466,060$28,464,949
95$53,080,203$9,696,557$5,585,517$31,041,530
96$58,428,723$10,106,028$5,706,971$33,869,443
97$64,320,723$10,533,495$5,830,426$36,973,892
98$70,811,575$10,979,773$5,955,883$40,382,638
99$77,962,293$11,445,719$6,083,342$44,126,250
100$85,840,113$11,932,227$6,212,801$48,238,400