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%11.7%
1 years$219,660$217,704$215,795$213,932$212,112$210,599
2 years$108,743$106,717$104,755$102,852$101,006$99,480
3 years$71,775$69,741$67,783$65,898$64,082$62,591
4 years$53,295$51,267$49,329$47,476$45,704$44,259
5 years$42,210$40,194$38,281$36,466$34,743$33,349
6 years$34,822$32,821$30,937$29,162$27,491$26,149
7 years$29,547$27,563$25,709$23,976$22,358$21,068
8 years$25,593$23,627$21,803$20,113$18,548$17,311
9 years$22,519$20,571$18,779$17,132$15,620$14,435
10 years$20,061$18,133$16,372$14,768$13,309$12,176
11 years$18,051$16,143$14,414$12,852$11,446$10,364
12 years$16,378$14,489$12,792$11,273$9,919$8,887
13 years$14,963$13,094$11,429$9,952$8,650$7,667
14 years$13,751$11,902$10,269$8,835$7,582$6,647
15 years$12,702$10,872$9,271$7,879$6,676$5,787
16 years$11,785$9,975$8,406$7,055$5,900$5,057
17 years$10,976$9,187$7,649$6,339$5,232$4,432
18 years$10,259$8,489$6,982$5,712$4,652$3,894
19 years$9,617$7,868$6,392$5,162$4,146$3,429
20 years$9,040$7,311$5,866$4,675$3,703$3,026
21 years$8,519$6,810$5,396$4,243$3,314$2,675
22 years$8,046$6,357$4,973$3,858$2,971$2,368
23 years$7,615$5,945$4,592$3,513$2,667$2,099
24 years$7,220$5,570$4,247$3,204$2,397$1,862
25 years$6,858$5,227$3,933$2,926$2,157$1,654
26 years$6,524$4,913$3,648$2,676$1,943$1,470
27 years$6,215$4,624$3,387$2,449$1,752$1,308
28 years$5,929$4,357$3,149$2,244$1,580$1,165
29 years$5,662$4,110$2,930$2,058$1,427$1,038
30 years$5,415$3,882$2,730$1,888$1,289$925
31 years$5,183$3,669$2,545$1,734$1,166$825
32 years$4,967$3,472$2,374$1,594$1,055$736
33 years$4,764$3,288$2,217$1,466$954$657
34 years$4,573$3,116$2,071$1,349$864$586
35 years$4,394$2,956$1,937$1,242$783$523
36 years$4,225$2,806$1,812$1,143$709$468
37 years$4,065$2,665$1,696$1,053$643$418
38 years$3,914$2,532$1,588$971$583$373
39 years$3,772$2,408$1,488$895$528$334
40 years$3,637$2,291$1,394$826$479$298
41 years$3,508$2,181$1,307$762$435$267
42 years$3,387$2,077$1,226$703$395$239
43 years$3,271$1,979$1,151$649$358$213
44 years$3,160$1,886$1,080$599$325$191
45 years$3,055$1,799$1,014$554$295$171
46 years$2,955$1,716$953$511$268$153
47 years$2,860$1,638$895$472$243$137
48 years$2,768$1,563$841$436$221$122
49 years$2,681$1,493$791$403$201$109
50 years$2,597$1,426$743$373$182$98

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 $5,191 every year, while hoping to spend $44,349 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: 62/19/19 Blend
63$2,660,000$2,660,000$2,660,000$2,660,000
64$2,936,675$2,795,695$2,754,465$3,104,121
65$3,189,028$2,885,497$2,799,552$3,307,438
66$3,465,636$2,978,213$2,844,664$3,523,882
67$3,768,924$3,073,938$2,889,753$3,759,155
68$4,101,566$3,172,773$2,934,772$4,015,093
69$4,466,507$3,274,820$2,979,667$4,293,718
70$4,866,988$3,380,184$3,024,384$4,597,257
71$5,306,583$3,488,975$3,068,863$4,928,160
72$5,789,226$3,601,306$3,113,042$5,289,126
73$6,319,252$3,717,295$3,156,854$5,683,128
74$6,901,436$3,837,063$3,200,228$6,113,438
75$7,541,038$3,960,734$3,243,091$6,583,660
76$8,243,852$4,088,438$3,285,363$7,097,764
77$9,016,262$4,220,309$3,326,960$7,660,122
78$9,865,301$4,356,485$3,367,794$8,275,549
79$10,798,719$4,497,109$3,407,771$8,949,351
80$11,825,050$4,642,329$3,446,793$9,687,369
81$12,953,700$4,792,298$3,484,756$10,496,039
82$14,195,031$4,947,174$3,521,549$11,382,452
83$15,560,459$5,107,121$3,557,056$12,354,417
84$17,062,563$5,272,308$3,591,155$13,420,539
85$18,715,203$5,442,909$3,623,717$14,590,297
86$20,533,648$5,619,106$3,654,605$15,874,132
87$22,534,723$5,801,085$3,683,678$17,283,551
88$24,736,968$5,989,041$3,710,784$18,831,229
89$27,160,807$6,183,173$3,735,764$20,531,130
90$29,828,750$6,383,689$3,758,453$22,398,642
91$32,765,595$6,590,803$3,778,674$24,450,718
92$35,998,670$6,804,736$3,796,243$26,706,035
93$39,558,084$7,025,717$3,810,967$29,185,175
94$43,477,016$7,253,985$3,822,641$31,910,815
95$47,792,025$7,489,784$3,831,054$34,907,939
96$52,543,396$7,733,368$3,835,979$38,204,079
97$57,775,520$7,985,000$3,837,181$41,829,571
98$63,537,310$8,244,953$3,834,414$45,817,841
99$69,882,667$8,513,506$3,827,418$50,205,720
100$76,870,983$8,790,952$3,815,921$55,033,794