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%13.1%
1 years$220,486$218,522$216,606$214,736$212,910$210,162
2 years$109,152$107,119$105,149$103,238$101,385$98,621
3 years$72,045$70,003$68,038$66,146$64,323$61,628
4 years$53,495$51,460$49,514$47,654$45,876$43,271
5 years$42,368$40,345$38,425$36,603$34,874$32,367
6 years$34,953$32,945$31,053$29,272$27,595$25,188
7 years$29,658$27,667$25,805$24,066$22,442$20,137
8 years$25,689$23,716$21,885$20,188$18,618$16,414
9 years$22,603$20,649$18,850$17,196$15,679$13,575
10 years$20,136$18,201$16,433$14,823$13,359$11,354
11 years$18,119$16,203$14,468$12,901$11,489$9,582
12 years$16,439$14,543$12,840$11,316$9,956$8,143
13 years$15,019$13,143$11,471$9,990$8,682$6,962
14 years$13,803$11,946$10,307$8,868$7,611$5,980
15 years$12,750$10,913$9,306$7,909$6,701$5,158
16 years$11,829$10,013$8,437$7,081$5,922$4,464
17 years$11,018$9,221$7,678$6,362$5,251$3,874
18 years$10,297$8,521$7,009$5,734$4,669$3,370
19 years$9,653$7,897$6,416$5,181$4,162$2,938
20 years$9,074$7,338$5,888$4,692$3,717$2,566
21 years$8,552$6,835$5,416$4,259$3,327$2,245
22 years$8,077$6,381$4,992$3,872$2,982$1,966
23 years$7,644$5,968$4,609$3,526$2,677$1,724
24 years$7,248$5,591$4,263$3,216$2,406$1,513
25 years$6,884$5,247$3,948$2,937$2,165$1,330
26 years$6,548$4,931$3,662$2,686$1,950$1,169
27 years$6,238$4,641$3,400$2,458$1,758$1,029
28 years$5,951$4,373$3,161$2,252$1,586$906
29 years$5,684$4,126$2,941$2,065$1,432$798
30 years$5,435$3,896$2,740$1,896$1,294$703
31 years$5,203$3,683$2,554$1,741$1,170$620
32 years$4,985$3,485$2,383$1,600$1,059$546
33 years$4,782$3,300$2,225$1,471$958$482
34 years$4,590$3,128$2,079$1,354$867$425
35 years$4,410$2,967$1,944$1,246$786$375
36 years$4,241$2,816$1,818$1,148$712$331
37 years$4,080$2,675$1,702$1,057$645$293
38 years$3,929$2,542$1,594$975$585$258
39 years$3,786$2,417$1,493$899$530$228
40 years$3,650$2,300$1,400$829$481$202
41 years$3,522$2,189$1,312$765$436$178
42 years$3,399$2,085$1,231$706$396$157
43 years$3,283$1,986$1,155$652$359$139
44 years$3,172$1,893$1,084$602$326$123
45 years$3,067$1,806$1,018$556$296$109
46 years$2,966$1,722$956$513$269$96
47 years$2,870$1,644$898$474$244$85
48 years$2,779$1,569$844$438$222$75
49 years$2,691$1,498$794$405$201$66
50 years$2,607$1,431$746$374$183$59

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 $2,892 every year, while hoping to spend $42,049 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: 69/6/25 Blend
63$2,670,000$2,670,000$2,670,000$2,670,000
64$2,945,323$2,803,813$2,762,428$3,129,535
65$3,201,006$2,896,460$2,810,230$3,346,032
66$3,481,360$2,992,238$2,858,223$3,577,751
67$3,788,856$3,091,254$2,906,371$3,830,356
68$4,126,217$3,193,624$2,954,632$4,105,914
69$4,496,442$3,299,462$3,002,963$4,406,701
70$4,902,834$3,408,891$3,051,318$4,735,225
71$5,349,033$3,522,037$3,099,647$5,094,249
72$5,839,047$3,639,029$3,147,897$5,486,814
73$6,377,291$3,760,003$3,196,013$5,916,273
74$6,968,630$3,885,098$3,243,935$6,386,318
75$7,618,422$4,014,460$3,291,599$6,901,017
76$8,332,571$4,148,238$3,338,938$7,464,850
77$9,117,582$4,286,590$3,385,880$8,082,754
78$9,980,618$4,429,676$3,432,350$8,760,170
79$10,929,575$4,577,665$3,478,268$9,503,089
80$11,973,151$4,730,729$3,523,549$10,318,113
81$13,120,927$4,889,049$3,568,102$11,212,519
82$14,383,461$5,052,812$3,611,833$12,194,320
83$15,772,386$5,222,212$3,654,641$13,272,348
84$17,300,518$5,397,449$3,696,421$14,456,335
85$18,981,980$5,578,733$3,737,060$15,757,002
86$20,832,329$5,766,279$3,776,439$17,186,164
87$22,868,712$5,960,311$3,814,435$18,756,839
88$25,110,017$6,161,063$3,850,915$20,483,371
89$27,577,060$6,368,776$3,885,741$22,381,568
90$30,292,774$6,583,700$3,918,768$24,468,845
91$33,282,431$6,806,095$3,949,840$26,764,396
92$36,573,876$7,036,231$3,978,797$29,289,370
93$40,197,793$7,274,388$4,005,468$32,067,071
94$44,187,991$7,520,856$4,029,675$35,123,179
95$48,581,724$7,775,937$4,051,227$38,485,992
96$53,420,046$8,039,943$4,069,929$42,186,696
97$58,748,190$8,313,199$4,085,571$46,259,651
98$64,616,002$8,596,043$4,097,935$50,742,726
99$71,078,410$8,888,825$4,106,791$55,677,648
100$78,195,938$9,191,908$4,111,899$61,110,400