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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.8%
1 years$220,486$218,522$216,606$214,736$212,910$207,847
2 years$109,152$107,119$105,149$103,238$101,385$96,315
3 years$72,045$70,003$68,038$66,146$64,323$59,402
4 years$53,495$51,460$49,514$47,654$45,876$41,143
5 years$42,368$40,345$38,425$36,603$34,874$30,343
6 years$34,953$32,945$31,053$29,272$27,595$23,269
7 years$29,658$27,667$25,805$24,066$22,442$18,323
8 years$25,689$23,716$21,885$20,188$18,618$14,704
9 years$22,603$20,649$18,850$17,196$15,679$11,966
10 years$20,136$18,201$16,433$14,823$13,359$9,844
11 years$18,119$16,203$14,468$12,901$11,489$8,167
12 years$16,439$14,543$12,840$11,316$9,956$6,821
13 years$15,019$13,143$11,471$9,990$8,682$5,728
14 years$13,803$11,946$10,307$8,868$7,611$4,832
15 years$12,750$10,913$9,306$7,909$6,701$4,090
16 years$11,829$10,013$8,437$7,081$5,922$3,473
17 years$11,018$9,221$7,678$6,362$5,251$2,957
18 years$10,297$8,521$7,009$5,734$4,669$2,522
19 years$9,653$7,897$6,416$5,181$4,162$2,155
20 years$9,074$7,338$5,888$4,692$3,717$1,845
21 years$8,552$6,835$5,416$4,259$3,327$1,581
22 years$8,077$6,381$4,992$3,872$2,982$1,356
23 years$7,644$5,968$4,609$3,526$2,677$1,165
24 years$7,248$5,591$4,263$3,216$2,406$1,001
25 years$6,884$5,247$3,948$2,937$2,165$861
26 years$6,548$4,931$3,662$2,686$1,950$741
27 years$6,238$4,641$3,400$2,458$1,758$638
28 years$5,951$4,373$3,161$2,252$1,586$549
29 years$5,684$4,126$2,941$2,065$1,432$473
30 years$5,435$3,896$2,740$1,896$1,294$408
31 years$5,203$3,683$2,554$1,741$1,170$352
32 years$4,985$3,485$2,383$1,600$1,059$303
33 years$4,782$3,300$2,225$1,471$958$261
34 years$4,590$3,128$2,079$1,354$867$226
35 years$4,410$2,967$1,944$1,246$786$195
36 years$4,241$2,816$1,818$1,148$712$168
37 years$4,080$2,675$1,702$1,057$645$145
38 years$3,929$2,542$1,594$975$585$125
39 years$3,786$2,417$1,493$899$530$108
40 years$3,650$2,300$1,400$829$481$93
41 years$3,522$2,189$1,312$765$436$80
42 years$3,399$2,085$1,231$706$396$69
43 years$3,283$1,986$1,155$652$359$60
44 years$3,172$1,893$1,084$602$326$52
45 years$3,067$1,806$1,018$556$296$45
46 years$2,966$1,722$956$513$269$39
47 years$2,870$1,644$898$474$244$33
48 years$2,779$1,569$844$438$222$29
49 years$2,691$1,498$794$405$201$25
50 years$2,607$1,431$746$374$183$21

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 $6,000 every year, while hoping to spend $28,178 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: 44/41/15 Blend
63$2,670,000$2,670,000$2,670,000$2,670,000
64$2,948,529$2,807,019$2,765,634$3,065,263
65$3,219,298$2,914,582$2,828,302$3,255,062
66$3,516,741$3,026,471$2,892,124$3,457,368
67$3,843,548$3,142,868$2,957,111$3,676,035
68$4,202,686$3,263,964$3,023,269$3,912,582
69$4,597,419$3,389,957$3,090,608$4,168,680
70$5,031,345$3,521,055$3,159,133$4,446,164
71$5,508,429$3,657,473$3,228,851$4,747,050
72$6,033,038$3,799,439$3,299,767$5,073,554
73$6,609,984$3,947,188$3,371,885$5,428,111
74$7,244,568$4,100,965$3,445,208$5,813,398
75$7,942,632$4,261,030$3,519,740$6,232,359
76$8,710,609$4,427,650$3,595,481$6,688,229
77$9,555,592$4,601,106$3,672,430$7,184,568
78$10,485,394$4,781,690$3,750,588$7,725,290
79$11,508,621$4,969,711$3,829,950$8,314,701
80$12,634,760$5,165,486$3,910,512$8,957,535
81$13,874,261$5,369,350$3,992,270$9,659,004
82$15,238,640$5,581,653$4,075,216$10,424,841
83$16,740,586$5,802,759$4,159,340$11,261,353
84$18,394,080$6,033,048$4,244,632$12,175,482
85$20,214,527$6,272,918$4,331,078$13,174,867
86$22,218,905$6,522,787$4,418,665$14,267,916
87$24,425,917$6,783,087$4,507,374$15,463,884
88$26,856,176$7,054,274$4,597,187$16,772,957
89$29,532,394$7,336,822$4,688,081$18,206,348
90$32,479,599$7,631,226$4,780,032$19,776,403
91$35,725,367$7,938,006$4,873,012$21,496,712
92$39,300,089$8,257,703$4,966,993$23,382,239
93$43,237,251$8,590,883$5,061,939$25,449,459
94$47,573,752$8,938,138$5,157,816$27,716,514
95$52,350,255$9,300,087$5,254,584$30,203,379
96$57,611,567$9,677,377$5,352,198$32,932,053
97$63,407,063$10,070,684$5,450,612$35,926,760
98$69,791,151$10,480,716$5,549,776$39,214,178
99$76,823,788$10,908,211$5,649,633$42,823,689
100$84,571,043$11,353,942$5,750,124$46,787,651