Can I retire at age 64 with 2,680,000?

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$221,312$219,341$217,417$215,540$213,707$208,456
2 years$109,560$107,520$105,542$103,625$101,765$96,507
3 years$72,315$70,265$68,293$66,394$64,564$59,464
4 years$53,696$51,653$49,700$47,833$46,048$41,144
5 years$42,527$40,496$38,569$36,740$35,005$30,311
6 years$35,084$33,068$31,170$29,381$27,698$23,220
7 years$29,769$27,771$25,902$24,156$22,526$18,263
8 years$25,785$23,805$21,967$20,264$18,687$14,639
9 years$22,688$20,726$18,920$17,260$15,737$11,899
10 years$20,212$18,269$16,495$14,879$13,409$9,777
11 years$18,187$16,264$14,522$12,949$11,532$8,101
12 years$16,501$14,598$12,888$11,358$9,994$6,757
13 years$15,075$13,192$11,514$10,027$8,715$5,667
14 years$13,855$11,991$10,346$8,901$7,639$4,773
15 years$12,797$10,954$9,341$7,938$6,726$4,035
16 years$11,873$10,050$8,469$7,108$5,945$3,422
17 years$11,059$9,256$7,706$6,386$5,271$2,908
18 years$10,336$8,553$7,035$5,755$4,687$2,477
19 years$9,689$7,927$6,440$5,200$4,177$2,114
20 years$9,108$7,366$5,910$4,710$3,731$1,807
21 years$8,584$6,861$5,436$4,275$3,339$1,546
22 years$8,107$6,404$5,011$3,887$2,993$1,324
23 years$7,672$5,990$4,626$3,540$2,687$1,135
24 years$7,275$5,612$4,279$3,228$2,415$974
25 years$6,909$5,267$3,963$2,948$2,173$836
26 years$6,573$4,950$3,675$2,696$1,957$719
27 years$6,262$4,658$3,413$2,468$1,765$618
28 years$5,973$4,390$3,173$2,261$1,592$531
29 years$5,705$4,141$2,952$2,073$1,438$457
30 years$5,455$3,911$2,750$1,903$1,299$393
31 years$5,222$3,697$2,564$1,747$1,175$338
32 years$5,004$3,498$2,392$1,606$1,062$291
33 years$4,799$3,313$2,234$1,477$962$251
34 years$4,607$3,140$2,087$1,359$871$216
35 years$4,427$2,978$1,951$1,251$789$186
36 years$4,256$2,827$1,825$1,152$714$160
37 years$4,096$2,685$1,708$1,061$648$138
38 years$3,944$2,551$1,600$978$587$119
39 years$3,800$2,426$1,499$902$532$102
40 years$3,664$2,308$1,405$832$483$88
41 years$3,535$2,197$1,317$768$438$76
42 years$3,412$2,093$1,236$708$397$66
43 years$3,295$1,994$1,160$654$361$57
44 years$3,184$1,900$1,088$604$327$49
45 years$3,078$1,812$1,022$558$297$42
46 years$2,977$1,729$960$515$270$36
47 years$2,881$1,650$902$476$245$31
48 years$2,789$1,575$847$440$223$27
49 years$2,701$1,504$797$406$202$23
50 years$2,617$1,437$749$376$184$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,680,000, adding $3,776 every year, while hoping to spend $57,063 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: 62/32/6 Blend
63$2,680,000$2,680,000$2,680,000$2,680,000
64$2,957,255$2,815,215$2,773,675$3,137,207
65$3,198,180$2,892,446$2,805,878$3,334,967
66$3,461,768$2,971,549$2,837,248$3,543,714
67$3,750,268$3,052,555$2,867,696$3,770,069
68$4,066,161$3,135,495$2,897,129$4,015,730
69$4,412,175$3,220,401$2,925,449$4,282,569
70$4,791,318$3,307,301$2,952,553$4,572,641
71$5,206,901$3,396,227$2,978,331$4,888,213
72$5,662,569$3,487,206$3,002,670$5,231,779
73$6,162,339$3,580,267$3,025,447$5,606,086
74$6,710,634$3,675,437$3,046,536$6,014,156
75$7,312,327$3,772,742$3,065,804$6,459,319
76$7,972,785$3,872,207$3,083,109$6,945,243
77$8,697,920$3,973,856$3,098,304$7,475,966
78$9,494,244$4,077,711$3,111,233$8,055,934
79$10,368,930$4,183,792$3,121,733$8,690,047
80$11,329,882$4,292,119$3,129,632$9,383,700
81$12,385,806$4,402,709$3,134,750$10,142,836
82$13,546,292$4,515,576$3,136,899$10,974,001
83$14,821,908$4,630,733$3,135,879$11,884,408
84$16,224,295$4,748,191$3,131,483$12,882,001
85$17,766,277$4,867,956$3,123,492$13,975,531
86$19,461,985$4,990,034$3,111,677$15,174,641
87$21,326,988$5,114,426$3,095,798$16,489,953
88$23,378,436$5,241,129$3,075,603$17,933,170
89$25,635,230$5,370,137$3,050,828$19,517,187
90$28,118,190$5,501,441$3,021,198$21,256,210
91$30,850,260$5,635,026$2,986,423$23,165,890
92$33,856,717$5,770,873$2,946,199$25,263,476
93$37,165,415$5,908,958$2,900,209$27,567,968
94$40,807,042$6,049,251$2,848,120$30,100,306
95$44,815,413$6,191,718$2,789,586$32,883,560
96$49,227,790$6,336,316$2,724,241$35,943,151
97$54,085,226$6,482,998$2,651,705$39,307,091
98$59,432,962$6,631,707$2,571,580$43,006,246
99$65,320,844$6,782,381$2,483,448$47,074,626
100$71,803,801$6,934,948$2,386,874$51,549,711