Can I retire at age 64 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$220,486$218,522$216,606$214,736$212,910$204,867
2 years$109,152$107,119$105,149$103,238$101,385$93,376
3 years$72,045$70,003$68,038$66,146$64,323$56,599
4 years$53,495$51,460$49,514$47,654$45,876$38,495
5 years$42,368$40,345$38,425$36,603$34,874$27,857
6 years$34,953$32,945$31,053$29,272$27,595$20,945
7 years$29,658$27,667$25,805$24,066$22,442$16,159
8 years$25,689$23,716$21,885$20,188$18,618$12,695
9 years$22,603$20,649$18,850$17,196$15,679$10,107
10 years$20,136$18,201$16,433$14,823$13,359$8,129
11 years$18,119$16,203$14,468$12,901$11,489$6,589
12 years$16,439$14,543$12,840$11,316$9,956$5,374
13 years$15,019$13,143$11,471$9,990$8,682$4,404
14 years$13,803$11,946$10,307$8,868$7,611$3,623
15 years$12,750$10,913$9,306$7,909$6,701$2,990
16 years$11,829$10,013$8,437$7,081$5,922$2,474
17 years$11,018$9,221$7,678$6,362$5,251$2,051
18 years$10,297$8,521$7,009$5,734$4,669$1,704
19 years$9,653$7,897$6,416$5,181$4,162$1,417
20 years$9,074$7,338$5,888$4,692$3,717$1,180
21 years$8,552$6,835$5,416$4,259$3,327$984
22 years$8,077$6,381$4,992$3,872$2,982$820
23 years$7,644$5,968$4,609$3,526$2,677$685
24 years$7,248$5,591$4,263$3,216$2,406$572
25 years$6,884$5,247$3,948$2,937$2,165$478
26 years$6,548$4,931$3,662$2,686$1,950$399
27 years$6,238$4,641$3,400$2,458$1,758$334
28 years$5,951$4,373$3,161$2,252$1,586$279
29 years$5,684$4,126$2,941$2,065$1,432$234
30 years$5,435$3,896$2,740$1,896$1,294$196
31 years$5,203$3,683$2,554$1,741$1,170$164
32 years$4,985$3,485$2,383$1,600$1,059$137
33 years$4,782$3,300$2,225$1,471$958$115
34 years$4,590$3,128$2,079$1,354$867$96
35 years$4,410$2,967$1,944$1,246$786$80
36 years$4,241$2,816$1,818$1,148$712$67
37 years$4,080$2,675$1,702$1,057$645$56
38 years$3,929$2,542$1,594$975$585$47
39 years$3,786$2,417$1,493$899$530$39
40 years$3,650$2,300$1,400$829$481$33
41 years$3,522$2,189$1,312$765$436$28
42 years$3,399$2,085$1,231$706$396$23
43 years$3,283$1,986$1,155$652$359$19
44 years$3,172$1,893$1,084$602$326$16
45 years$3,067$1,806$1,018$556$296$14
46 years$2,966$1,722$956$513$269$11
47 years$2,870$1,644$898$474$244$10
48 years$2,779$1,569$844$438$222$8
49 years$2,691$1,498$794$405$201$7
50 years$2,607$1,431$746$374$183$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,670,000, adding $4,438 every year, while hoping to spend $28,769 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: 50/40/10 Blend
63$2,670,000$2,670,000$2,670,000$2,670,000
64$2,946,918$2,805,408$2,764,023$3,086,224
65$3,216,893$2,912,263$2,826,008$3,288,825
66$3,513,442$3,023,389$2,889,105$3,505,445
67$3,839,245$3,138,967$2,953,321$3,740,168
68$4,197,253$3,259,181$3,018,662$3,994,702
69$4,590,720$3,384,228$3,085,135$4,270,920
70$5,023,229$3,514,311$3,152,742$4,570,883
71$5,498,728$3,649,642$3,221,488$4,896,856
72$6,021,566$3,790,442$3,291,376$5,251,329
73$6,596,536$3,936,944$3,362,408$5,637,039
74$7,228,917$4,089,389$3,434,583$6,056,997
75$7,924,526$4,248,029$3,507,901$6,514,515
76$8,689,772$4,413,127$3,582,361$7,013,233
77$9,531,718$4,584,959$3,657,958$7,557,159
78$10,458,143$4,763,811$3,734,690$8,150,700
79$11,477,620$4,949,985$3,812,548$8,798,703
80$12,599,595$5,143,792$3,891,527$9,506,506
81$13,834,477$5,345,561$3,971,616$10,279,979
82$15,193,733$5,555,632$4,052,804$11,125,582
83$16,689,999$5,774,364$4,135,078$12,050,429
84$18,337,199$6,002,128$4,218,424$13,062,344
85$20,150,676$6,239,315$4,302,823$14,169,945
86$22,147,334$6,486,330$4,388,257$15,382,713
87$24,345,802$6,743,600$4,474,704$16,711,091
88$26,766,606$7,011,569$4,562,139$18,166,571
89$29,432,364$7,290,701$4,650,535$19,761,808
90$32,368,000$7,581,480$4,739,863$21,510,737
91$35,600,978$7,884,413$4,830,089$23,428,698
92$39,161,559$8,200,031$4,921,179$25,532,585
93$43,083,092$8,528,887$5,013,092$27,841,002
94$47,402,323$8,871,558$5,105,787$30,374,433
95$52,159,746$9,228,651$5,199,217$33,155,441
96$57,399,982$9,600,796$5,293,332$36,208,870
97$63,172,199$9,988,654$5,388,078$39,562,085
98$69,530,581$10,392,916$5,483,396$43,245,226
99$76,534,835$10,814,304$5,579,225$47,291,487
100$84,250,755$11,253,572$5,675,496$51,737,430