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

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$218,835$216,885$214,983$213,127$211,315$208,761
2 years$108,334$106,316$104,361$102,465$100,626$98,056
3 years$71,505$69,479$67,528$65,650$63,841$61,335
4 years$53,094$51,074$49,143$47,297$45,532$43,108
5 years$42,051$40,043$38,137$36,329$34,613$32,279
6 years$34,691$32,698$30,821$29,053$27,388$25,147
7 years$29,436$27,460$25,612$23,886$22,274$20,126
8 years$25,496$23,538$21,721$20,037$18,478$16,424
9 years$22,434$20,494$18,708$17,067$15,561$13,600
10 years$19,985$18,065$16,310$14,712$13,259$11,389
11 years$17,983$16,082$14,359$12,804$11,403$9,622
12 years$16,316$14,434$12,744$11,231$9,882$8,189
13 years$14,907$13,044$11,386$9,915$8,617$7,009
14 years$13,699$11,857$10,230$8,801$7,554$6,029
15 years$12,654$10,831$9,236$7,849$6,651$5,207
16 years$11,740$9,938$8,374$7,028$5,878$4,512
17 years$10,935$9,152$7,620$6,315$5,212$3,922
18 years$10,220$8,457$6,956$5,691$4,634$3,417
19 years$9,581$7,838$6,368$5,142$4,131$2,983
20 years$9,007$7,283$5,844$4,657$3,689$2,609
21 years$8,487$6,784$5,376$4,227$3,302$2,286
22 years$8,016$6,333$4,954$3,843$2,959$2,005
23 years$7,587$5,923$4,575$3,500$2,657$1,761
24 years$7,193$5,549$4,231$3,192$2,388$1,548
25 years$6,832$5,208$3,918$2,915$2,149$1,362
26 years$6,499$4,895$3,634$2,666$1,935$1,200
27 years$6,192$4,606$3,375$2,440$1,745$1,057
28 years$5,906$4,341$3,137$2,235$1,575$932
29 years$5,641$4,095$2,919$2,050$1,422$823
30 years$5,394$3,867$2,719$1,881$1,285$726
31 years$5,164$3,656$2,535$1,728$1,161$641
32 years$4,948$3,459$2,365$1,588$1,051$566
33 years$4,746$3,276$2,209$1,460$951$500
34 years$4,556$3,105$2,064$1,344$861$442
35 years$4,377$2,945$1,929$1,237$780$391
36 years$4,209$2,795$1,805$1,139$706$346
37 years$4,050$2,655$1,689$1,050$640$306
38 years$3,900$2,523$1,582$967$580$271
39 years$3,758$2,399$1,482$892$526$239
40 years$3,623$2,282$1,389$823$477$212
41 years$3,495$2,173$1,303$759$433$187
42 years$3,374$2,069$1,222$701$393$166
43 years$3,258$1,971$1,147$647$357$147
44 years$3,149$1,879$1,076$597$324$130
45 years$3,044$1,792$1,011$551$294$115
46 years$2,944$1,710$949$509$267$102
47 years$2,849$1,631$892$471$242$90
48 years$2,758$1,557$838$435$220$80
49 years$2,671$1,487$788$402$200$71
50 years$2,587$1,421$740$371$182$63

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 $5,339 every year, while hoping to spend $46,794 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: 68/10/22 Blend
63$2,650,000$2,650,000$2,650,000$2,650,000
64$2,925,807$2,785,357$2,744,282$3,108,185
65$3,174,451$2,872,051$2,786,427$3,317,699
66$3,446,888$2,961,425$2,828,416$3,540,903
67$3,745,496$3,053,560$2,870,193$3,783,964
68$4,072,894$3,148,541$2,911,701$4,048,840
69$4,431,964$3,246,456$2,952,879$4,337,687
70$4,825,885$3,347,392$2,993,660$4,652,881
71$5,258,154$3,451,443$3,033,977$4,997,037
72$5,732,625$3,558,703$3,073,754$5,373,037
73$6,253,544$3,669,270$3,112,916$5,784,054
74$6,825,586$3,783,245$3,151,380$6,233,586
75$7,453,903$3,900,732$3,189,058$6,725,482
76$8,144,171$4,021,837$3,225,861$7,263,987
77$8,902,639$4,146,670$3,261,690$7,853,774
78$9,736,196$4,275,344$3,296,445$8,499,994
79$10,652,428$4,407,977$3,330,016$9,208,320
80$11,659,695$4,544,687$3,362,291$9,985,003
81$12,767,206$4,685,599$3,393,150$10,836,929
82$13,985,107$4,830,839$3,422,466$11,771,687
83$15,324,577$4,980,539$3,450,108$12,797,637
84$16,797,932$5,134,833$3,475,934$13,923,992
85$18,418,742$5,293,861$3,499,799$15,160,901
86$20,201,958$5,457,765$3,521,547$16,519,548
87$22,164,054$5,626,692$3,541,015$18,012,257
88$24,323,181$5,800,793$3,558,033$19,652,606
89$26,699,339$5,980,225$3,572,420$21,455,558
90$29,314,563$6,165,148$3,583,987$23,437,601
91$32,193,134$6,355,726$3,592,537$25,616,901
92$35,361,808$6,552,130$3,597,861$28,013,478
93$38,850,062$6,754,535$3,599,739$30,649,391
94$42,690,381$6,963,120$3,597,943$33,548,950
95$46,918,558$7,178,070$3,592,232$36,738,941
96$51,574,031$7,399,577$3,582,352$40,248,881
97$56,700,261$7,627,835$3,568,040$44,111,298
98$62,345,136$7,863,047$3,549,017$48,362,035
99$68,561,423$8,105,419$3,524,993$53,040,590
100$75,407,270$8,355,166$3,495,661$58,190,491