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%15.5%
1 years$221,312$219,341$217,417$215,540$213,707$208,880
2 years$109,560$107,520$105,542$103,625$101,765$96,928
3 years$72,315$70,265$68,293$66,394$64,564$59,868
4 years$53,696$51,653$49,700$47,833$46,048$41,528
5 years$42,527$40,496$38,569$36,740$35,005$30,675
6 years$35,084$33,068$31,170$29,381$27,698$23,563
7 years$29,769$27,771$25,902$24,156$22,526$18,585
8 years$25,785$23,805$21,967$20,264$18,687$14,940
9 years$22,688$20,726$18,920$17,260$15,737$12,181
10 years$20,212$18,269$16,495$14,879$13,409$10,039
11 years$18,187$16,264$14,522$12,949$11,532$8,345
12 years$16,501$14,598$12,888$11,358$9,994$6,983
13 years$15,075$13,192$11,514$10,027$8,715$5,876
14 years$13,855$11,991$10,346$8,901$7,639$4,967
15 years$12,797$10,954$9,341$7,938$6,726$4,213
16 years$11,873$10,050$8,469$7,108$5,945$3,585
17 years$11,059$9,256$7,706$6,386$5,271$3,059
18 years$10,336$8,553$7,035$5,755$4,687$2,615
19 years$9,689$7,927$6,440$5,200$4,177$2,240
20 years$9,108$7,366$5,910$4,710$3,731$1,921
21 years$8,584$6,861$5,436$4,275$3,339$1,650
22 years$8,107$6,404$5,011$3,887$2,993$1,419
23 years$7,672$5,990$4,626$3,540$2,687$1,222
24 years$7,275$5,612$4,279$3,228$2,415$1,052
25 years$6,909$5,267$3,963$2,948$2,173$907
26 years$6,573$4,950$3,675$2,696$1,957$782
27 years$6,262$4,658$3,413$2,468$1,765$675
28 years$5,973$4,390$3,173$2,261$1,592$583
29 years$5,705$4,141$2,952$2,073$1,438$504
30 years$5,455$3,911$2,750$1,903$1,299$435
31 years$5,222$3,697$2,564$1,747$1,175$376
32 years$5,004$3,498$2,392$1,606$1,062$325
33 years$4,799$3,313$2,234$1,477$962$281
34 years$4,607$3,140$2,087$1,359$871$243
35 years$4,427$2,978$1,951$1,251$789$210
36 years$4,256$2,827$1,825$1,152$714$182
37 years$4,096$2,685$1,708$1,061$648$157
38 years$3,944$2,551$1,600$978$587$136
39 years$3,800$2,426$1,499$902$532$118
40 years$3,664$2,308$1,405$832$483$102
41 years$3,535$2,197$1,317$768$438$88
42 years$3,412$2,093$1,236$708$397$76
43 years$3,295$1,994$1,160$654$361$66
44 years$3,184$1,900$1,088$604$327$57
45 years$3,078$1,812$1,022$558$297$50
46 years$2,977$1,729$960$515$270$43
47 years$2,881$1,650$902$476$245$37
48 years$2,789$1,575$847$440$223$32
49 years$2,701$1,504$797$406$202$28
50 years$2,617$1,437$749$376$184$24

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 $6,222 every year, while hoping to spend $52,085 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: 58/15/27 Blend
63$2,680,000$2,680,000$2,680,000$2,680,000
64$2,959,778$2,817,738$2,776,198$3,109,342
65$3,206,257$2,900,389$2,813,783$3,295,047
66$3,476,132$2,985,344$2,850,881$3,491,391
67$3,771,733$3,072,662$2,887,421$3,704,400
68$4,095,628$3,162,401$2,923,328$3,935,701
69$4,450,644$3,254,621$2,958,521$4,187,089
70$4,839,896$3,349,383$2,992,918$4,460,542
71$5,266,813$3,446,751$3,026,428$4,758,236
72$5,735,173$3,546,786$3,058,959$5,082,570
73$6,249,137$3,649,555$3,090,410$5,436,186
74$6,813,288$3,755,122$3,120,677$5,821,994
75$7,432,674$3,863,554$3,149,651$6,243,202
76$8,112,857$3,974,919$3,177,215$6,703,343
77$8,859,964$4,089,285$3,203,247$7,206,309
78$9,680,743$4,206,722$3,227,618$7,756,388
79$10,582,629$4,327,302$3,250,193$8,358,308
80$11,573,812$4,451,095$3,270,830$9,017,273
81$12,663,316$4,578,174$3,289,378$9,739,023
82$13,861,082$4,708,612$3,305,680$10,529,877
83$15,178,063$4,842,485$3,319,571$11,396,803
84$16,626,325$4,979,866$3,330,877$12,347,477
85$18,219,164$5,120,833$3,339,414$13,390,356
86$19,971,225$5,265,460$3,344,991$14,534,762
87$21,898,649$5,413,827$3,347,407$15,790,967
88$24,019,216$5,566,009$3,346,450$17,170,289
89$26,352,518$5,722,086$3,341,899$18,685,200
90$28,920,143$5,882,136$3,333,520$20,349,447
91$31,745,875$6,046,238$3,321,070$22,178,175
92$34,855,922$6,214,471$3,304,294$24,188,078
93$38,279,160$6,386,915$3,282,922$26,397,550
94$42,047,409$6,563,648$3,256,674$28,826,863
95$46,195,728$6,744,750$3,225,256$31,498,356
96$50,762,749$6,930,299$3,188,359$34,436,648
97$55,791,041$7,120,375$3,145,660$37,668,870
98$61,327,509$7,315,055$3,096,822$41,224,919
99$67,423,838$7,514,417$3,041,489$45,137,745
100$74,136,983$7,718,536$2,979,292$49,443,660