Can I retire at age 64 with 2,690,000?

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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$222,138$220,159$218,229$216,344$214,504$213,601
2 years$109,969$107,921$105,936$104,012$102,145$101,232
3 years$72,585$70,528$68,548$66,641$64,805$63,912
4 years$53,896$51,845$49,885$48,011$46,219$45,353
5 years$42,686$40,647$38,713$36,877$35,135$34,298
6 years$35,215$33,192$31,286$29,491$27,801$26,994
7 years$29,880$27,874$25,999$24,246$22,610$21,833
8 years$25,881$23,893$22,049$20,340$18,757$18,011
9 years$22,773$20,803$18,991$17,325$15,796$15,081
10 years$20,287$18,337$16,557$14,934$13,459$12,774
11 years$18,255$16,325$14,576$12,997$11,575$10,919
12 years$16,562$14,652$12,936$11,400$10,031$9,404
13 years$15,132$13,241$11,557$10,065$8,747$8,149
14 years$13,906$12,036$10,384$8,934$7,668$7,098
15 years$12,845$10,995$9,376$7,968$6,751$6,208
16 years$11,918$10,088$8,500$7,134$5,967$5,450
17 years$11,100$9,290$7,735$6,410$5,291$4,800
18 years$10,374$8,585$7,061$5,777$4,704$4,238
19 years$9,726$7,956$6,464$5,220$4,193$3,751
20 years$9,142$7,393$5,932$4,728$3,745$3,327
21 years$8,616$6,887$5,457$4,291$3,352$2,956
22 years$8,137$6,428$5,029$3,901$3,004$2,630
23 years$7,701$6,012$4,644$3,553$2,697$2,343
24 years$7,302$5,633$4,295$3,240$2,424$2,091
25 years$6,935$5,286$3,978$2,959$2,181$1,867
26 years$6,597$4,968$3,689$2,706$1,965$1,669
27 years$6,285$4,676$3,426$2,477$1,771$1,493
28 years$5,995$4,406$3,185$2,269$1,598$1,337
29 years$5,726$4,157$2,963$2,081$1,443$1,197
30 years$5,476$3,925$2,760$1,910$1,304$1,073
31 years$5,242$3,711$2,573$1,754$1,179$963
32 years$5,023$3,511$2,401$1,612$1,066$864
33 years$4,817$3,325$2,242$1,482$965$775
34 years$4,625$3,152$2,095$1,364$874$696
35 years$4,443$2,989$1,958$1,256$791$625
36 years$4,272$2,837$1,832$1,156$717$562
37 years$4,111$2,695$1,715$1,065$650$505
38 years$3,959$2,561$1,606$982$589$454
39 years$3,814$2,435$1,504$905$534$408
40 years$3,678$2,317$1,410$835$485$367
41 years$3,548$2,205$1,322$771$440$330
42 years$3,425$2,100$1,240$711$399$297
43 years$3,308$2,001$1,164$656$362$267
44 years$3,196$1,908$1,092$606$329$241
45 years$3,090$1,819$1,026$560$298$216
46 years$2,989$1,735$963$517$271$195
47 years$2,892$1,656$905$478$246$175
48 years$2,799$1,581$851$441$223$158
49 years$2,711$1,510$799$408$203$142
50 years$2,626$1,442$752$377$184$128

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,690,000, adding $4,643 every year, while hoping to spend $26,606 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: 42/38/20 Blend
63$2,690,000$2,690,000$2,690,000$2,690,000
64$2,969,169$2,826,599$2,784,904$3,076,303
65$3,243,716$2,936,794$2,849,890$3,262,988
66$3,545,375$3,051,497$2,916,161$3,462,090
67$3,876,883$3,170,900$2,983,732$3,677,151
68$4,241,256$3,295,205$3,052,618$3,909,651
69$4,641,816$3,424,623$3,122,834$4,161,215
70$5,082,225$3,559,372$3,194,391$4,433,628
71$5,566,513$3,699,683$3,267,305$4,728,849
72$6,099,125$3,845,795$3,341,587$5,049,033
73$6,684,956$3,997,958$3,417,250$5,396,550
74$7,329,398$4,156,435$3,494,305$5,774,000
75$8,038,394$4,321,498$3,572,762$6,184,247
76$8,818,493$4,493,434$3,652,632$6,630,437
77$9,676,906$4,672,540$3,733,922$7,116,028
78$10,621,585$4,859,128$3,816,643$7,644,828
79$11,661,286$5,053,525$3,900,800$8,221,020
80$12,805,660$5,256,071$3,986,399$8,849,208
81$14,065,340$5,467,121$4,073,447$9,534,456
82$15,452,043$5,687,048$4,161,945$10,282,338
83$16,978,679$5,916,241$4,251,898$11,098,983
84$18,659,473$6,155,106$4,343,306$11,991,138
85$20,510,101$6,404,068$4,436,168$12,966,228
86$22,547,835$6,663,570$4,530,483$14,032,424
87$24,791,707$6,934,078$4,626,247$15,198,719
88$27,262,690$7,216,077$4,723,456$16,475,012
89$29,983,894$7,510,074$4,822,101$17,872,201
90$32,980,783$7,816,600$4,922,173$19,402,281
91$36,281,419$8,136,209$5,023,662$21,078,460
92$39,916,722$8,469,482$5,126,553$22,915,277
93$43,920,766$8,817,025$5,230,831$24,928,741
94$48,331,098$9,179,472$5,336,477$27,136,479
95$53,189,091$9,557,488$5,443,470$29,557,902
96$58,540,339$9,951,765$5,551,787$32,214,384
97$64,435,081$10,363,030$5,661,400$35,129,461
98$70,928,682$10,792,041$5,772,279$38,329,054
99$78,082,148$11,239,592$5,884,391$41,841,710
100$85,962,709$11,706,513$5,997,700$45,698,868