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%15.1%
1 years$219,660$217,704$215,795$213,932$212,112$207,660
2 years$108,743$106,717$104,755$102,852$101,006$96,541
3 years$71,775$69,741$67,783$65,898$64,082$59,744
4 years$53,295$51,267$49,329$47,476$45,704$41,527
5 years$42,210$40,194$38,281$36,466$34,743$30,738
6 years$34,822$32,821$30,937$29,162$27,491$23,663
7 years$29,547$27,563$25,709$23,976$22,358$18,706
8 years$25,593$23,627$21,803$20,113$18,548$15,073
9 years$22,519$20,571$18,779$17,132$15,620$12,318
10 years$20,061$18,133$16,372$14,768$13,309$10,178
11 years$18,051$16,143$14,414$12,852$11,446$8,481
12 years$16,378$14,489$12,792$11,273$9,919$7,116
13 years$14,963$13,094$11,429$9,952$8,650$6,004
14 years$13,751$11,902$10,269$8,835$7,582$5,088
15 years$12,702$10,872$9,271$7,879$6,676$4,329
16 years$11,785$9,975$8,406$7,055$5,900$3,694
17 years$10,976$9,187$7,649$6,339$5,232$3,160
18 years$10,259$8,489$6,982$5,712$4,652$2,710
19 years$9,617$7,868$6,392$5,162$4,146$2,328
20 years$9,040$7,311$5,866$4,675$3,703$2,003
21 years$8,519$6,810$5,396$4,243$3,314$1,726
22 years$8,046$6,357$4,973$3,858$2,971$1,489
23 years$7,615$5,945$4,592$3,513$2,667$1,285
24 years$7,220$5,570$4,247$3,204$2,397$1,111
25 years$6,858$5,227$3,933$2,926$2,157$961
26 years$6,524$4,913$3,648$2,676$1,943$831
27 years$6,215$4,624$3,387$2,449$1,752$720
28 years$5,929$4,357$3,149$2,244$1,580$623
29 years$5,662$4,110$2,930$2,058$1,427$540
30 years$5,415$3,882$2,730$1,888$1,289$468
31 years$5,183$3,669$2,545$1,734$1,166$406
32 years$4,967$3,472$2,374$1,594$1,055$352
33 years$4,764$3,288$2,217$1,466$954$306
34 years$4,573$3,116$2,071$1,349$864$265
35 years$4,394$2,956$1,937$1,242$783$230
36 years$4,225$2,806$1,812$1,143$709$200
37 years$4,065$2,665$1,696$1,053$643$173
38 years$3,914$2,532$1,588$971$583$151
39 years$3,772$2,408$1,488$895$528$131
40 years$3,637$2,291$1,394$826$479$113
41 years$3,508$2,181$1,307$762$435$99
42 years$3,387$2,077$1,226$703$395$86
43 years$3,271$1,979$1,151$649$358$74
44 years$3,160$1,886$1,080$599$325$65
45 years$3,055$1,799$1,014$554$295$56
46 years$2,955$1,716$953$511$268$49
47 years$2,860$1,638$895$472$243$42
48 years$2,768$1,563$841$436$221$37
49 years$2,681$1,493$791$403$201$32
50 years$2,597$1,426$743$373$182$28

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 $5,700 every year, while hoping to spend $32,855 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: 55/40/5 Blend
63$2,660,000$2,660,000$2,660,000$2,660,000
64$2,937,200$2,796,220$2,754,990$3,095,440
65$3,201,836$2,898,277$2,812,324$3,304,782
66$3,492,365$3,004,234$2,870,478$3,528,421
67$3,811,392$3,114,247$2,929,445$3,771,080
68$4,161,788$3,228,479$2,989,215$4,034,566
69$4,546,715$3,347,100$3,049,779$4,320,867
70$4,969,659$3,470,286$3,111,126$4,632,169
71$5,434,457$3,598,223$3,173,241$4,970,874
72$5,945,339$3,731,103$3,236,112$5,339,627
73$6,506,961$3,869,125$3,299,720$5,741,334
74$7,124,459$4,012,499$3,364,047$6,179,192
75$7,803,485$4,161,443$3,429,074$6,656,720
76$8,550,270$4,316,184$3,494,778$7,177,787
77$9,371,679$4,476,958$3,561,134$7,746,652
78$10,275,273$4,644,012$3,628,116$8,368,001
79$11,269,387$4,817,604$3,695,693$9,046,992
80$12,363,199$4,998,002$3,763,834$9,789,300
81$13,566,828$5,185,486$3,832,505$10,601,172
82$14,891,418$5,380,348$3,901,667$11,489,484
83$16,349,250$5,582,893$3,971,280$12,461,805
84$17,953,857$5,793,438$4,041,302$13,526,470
85$19,720,149$6,012,315$4,111,684$14,692,650
86$21,664,555$6,239,869$4,182,376$15,970,448
87$23,805,178$6,476,462$4,253,324$17,370,983
88$26,161,966$6,722,468$4,324,471$18,906,502
89$28,756,900$6,978,282$4,395,753$20,590,488
90$31,614,198$7,244,313$4,467,106$22,437,790
91$34,760,550$7,520,988$4,538,458$24,464,759
92$38,225,364$7,808,754$4,609,734$26,689,404
93$42,041,045$8,108,077$4,680,854$29,131,555
94$46,243,301$8,419,442$4,751,732$31,813,057
95$50,871,480$8,743,357$4,822,277$34,757,966
96$55,968,942$9,080,352$4,892,394$37,992,780
97$61,583,464$9,430,980$4,961,980$41,546,685
98$67,767,698$9,795,818$5,030,926$45,451,827
99$74,579,658$10,175,469$5,099,117$49,743,618
100$82,083,278$10,570,561$5,166,432$54,461,066