Can I retire at age 64 with 2,660,000?

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$219,660$217,704$215,795$213,932$212,112$206,482
2 years$108,743$106,717$104,755$102,852$101,006$95,373
3 years$71,775$69,741$67,783$65,898$64,082$58,623
4 years$53,295$51,267$49,329$47,476$45,704$40,460
5 years$42,210$40,194$38,281$36,466$34,743$29,729
6 years$34,822$32,821$30,937$29,162$27,491$22,712
7 years$29,547$27,563$25,709$23,976$22,358$17,813
8 years$25,593$23,627$21,803$20,113$18,548$14,236
9 years$22,519$20,571$18,779$17,132$15,620$11,537
10 years$20,061$18,133$16,372$14,768$13,309$9,450
11 years$18,051$16,143$14,414$12,852$11,446$7,805
12 years$16,378$14,489$12,792$11,273$9,919$6,489
13 years$14,963$13,094$11,429$9,952$8,650$5,424
14 years$13,751$11,902$10,269$8,835$7,582$4,553
15 years$12,702$10,872$9,271$7,879$6,676$3,835
16 years$11,785$9,975$8,406$7,055$5,900$3,240
17 years$10,976$9,187$7,649$6,339$5,232$2,745
18 years$10,259$8,489$6,982$5,712$4,652$2,329
19 years$9,617$7,868$6,392$5,162$4,146$1,980
20 years$9,040$7,311$5,866$4,675$3,703$1,686
21 years$8,519$6,810$5,396$4,243$3,314$1,437
22 years$8,046$6,357$4,973$3,858$2,971$1,226
23 years$7,615$5,945$4,592$3,513$2,667$1,047
24 years$7,220$5,570$4,247$3,204$2,397$895
25 years$6,858$5,227$3,933$2,926$2,157$765
26 years$6,524$4,913$3,648$2,676$1,943$655
27 years$6,215$4,624$3,387$2,449$1,752$561
28 years$5,929$4,357$3,149$2,244$1,580$480
29 years$5,662$4,110$2,930$2,058$1,427$411
30 years$5,415$3,882$2,730$1,888$1,289$352
31 years$5,183$3,669$2,545$1,734$1,166$302
32 years$4,967$3,472$2,374$1,594$1,055$259
33 years$4,764$3,288$2,217$1,466$954$222
34 years$4,573$3,116$2,071$1,349$864$190
35 years$4,394$2,956$1,937$1,242$783$163
36 years$4,225$2,806$1,812$1,143$709$140
37 years$4,065$2,665$1,696$1,053$643$120
38 years$3,914$2,532$1,588$971$583$103
39 years$3,772$2,408$1,488$895$528$88
40 years$3,637$2,291$1,394$826$479$76
41 years$3,508$2,181$1,307$762$435$65
42 years$3,387$2,077$1,226$703$395$56
43 years$3,271$1,979$1,151$649$358$48
44 years$3,160$1,886$1,080$599$325$41
45 years$3,055$1,799$1,014$554$295$35
46 years$2,955$1,716$953$511$268$30
47 years$2,860$1,638$895$472$243$26
48 years$2,768$1,563$841$436$221$22
49 years$2,681$1,493$791$403$201$19
50 years$2,597$1,426$743$373$182$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,660,000, adding $6,427 every year, while hoping to spend $28,745 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: 44/34/22 Blend
63$2,660,000$2,660,000$2,660,000$2,660,000
64$2,937,949$2,796,969$2,755,739$3,048,236
65$3,207,036$2,903,436$2,817,472$3,233,283
66$3,502,606$3,014,157$2,880,310$3,430,443
67$3,827,330$3,129,309$2,944,258$3,643,574
68$4,184,151$3,249,079$3,009,324$3,874,171
69$4,576,310$3,373,659$3,075,513$4,123,876
70$5,007,379$3,503,254$3,142,828$4,394,494
71$5,481,292$3,638,074$3,211,273$4,688,010
72$6,002,384$3,778,339$3,280,850$5,006,604
73$6,575,430$3,924,281$3,351,562$5,352,674
74$7,205,691$4,076,138$3,423,407$5,728,857
75$7,898,967$4,234,164$3,496,386$6,138,055
76$8,661,642$4,398,619$3,570,495$6,583,456
77$9,500,755$4,569,777$3,645,733$7,068,571
78$10,424,060$4,747,924$3,722,093$7,597,259
79$11,440,100$4,933,358$3,799,569$8,173,769
80$12,558,289$5,126,391$3,878,153$8,802,774
81$13,789,000$5,327,349$3,957,836$9,489,417
82$15,143,660$5,536,572$4,038,606$10,239,360
83$16,634,863$5,754,414$4,120,449$11,058,832
84$18,276,486$5,981,247$4,203,351$11,954,689
85$20,083,817$6,217,457$4,287,293$12,934,480
86$22,073,705$6,463,451$4,372,255$14,006,514
87$24,264,713$6,719,651$4,458,216$15,179,939
88$26,677,298$6,986,498$4,545,151$16,464,825
89$29,334,001$7,264,455$4,633,032$17,872,260
90$32,259,659$7,554,003$4,721,829$19,414,453
91$35,481,643$7,855,648$4,811,508$21,104,847
92$39,030,111$8,169,915$4,902,035$22,958,247
93$42,938,297$8,497,356$4,993,368$24,990,953
94$47,242,822$8,838,545$5,085,464$27,220,918
95$51,984,041$9,194,084$5,178,278$29,667,913
96$57,206,421$9,564,602$5,271,758$32,353,712
97$62,958,964$9,950,756$5,365,850$35,302,298
98$69,295,667$10,353,232$5,460,495$38,540,085
99$76,276,033$10,772,749$5,555,630$42,096,165
100$83,965,631$11,210,056$5,651,186$46,002,584