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%14.7%
1 years$222,138$220,159$218,229$216,344$214,504$210,345
2 years$109,969$107,921$105,936$104,012$102,145$97,972
3 years$72,585$70,528$68,548$66,641$64,805$60,748
4 years$53,896$51,845$49,885$48,011$46,219$42,309
5 years$42,686$40,647$38,713$36,877$35,135$31,383
6 years$35,215$33,192$31,286$29,491$27,801$24,212
7 years$29,880$27,874$25,999$24,246$22,610$19,184
8 years$25,881$23,893$22,049$20,340$18,757$15,493
9 years$22,773$20,803$18,991$17,325$15,796$12,693
10 years$20,287$18,337$16,557$14,934$13,459$10,513
11 years$18,255$16,325$14,576$12,997$11,575$8,783
12 years$16,562$14,652$12,936$11,400$10,031$7,388
13 years$15,132$13,241$11,557$10,065$8,747$6,250
14 years$13,906$12,036$10,384$8,934$7,668$5,311
15 years$12,845$10,995$9,376$7,968$6,751$4,531
16 years$11,918$10,088$8,500$7,134$5,967$3,877
17 years$11,100$9,290$7,735$6,410$5,291$3,327
18 years$10,374$8,585$7,061$5,777$4,704$2,861
19 years$9,726$7,956$6,464$5,220$4,193$2,465
20 years$9,142$7,393$5,932$4,728$3,745$2,128
21 years$8,616$6,887$5,457$4,291$3,352$1,839
22 years$8,137$6,428$5,029$3,901$3,004$1,591
23 years$7,701$6,012$4,644$3,553$2,697$1,378
24 years$7,302$5,633$4,295$3,240$2,424$1,195
25 years$6,935$5,286$3,978$2,959$2,181$1,036
26 years$6,597$4,968$3,689$2,706$1,965$900
27 years$6,285$4,676$3,426$2,477$1,771$781
28 years$5,995$4,406$3,185$2,269$1,598$679
29 years$5,726$4,157$2,963$2,081$1,443$590
30 years$5,476$3,925$2,760$1,910$1,304$513
31 years$5,242$3,711$2,573$1,754$1,179$447
32 years$5,023$3,511$2,401$1,612$1,066$389
33 years$4,817$3,325$2,242$1,482$965$338
34 years$4,625$3,152$2,095$1,364$874$295
35 years$4,443$2,989$1,958$1,256$791$257
36 years$4,272$2,837$1,832$1,156$717$223
37 years$4,111$2,695$1,715$1,065$650$195
38 years$3,959$2,561$1,606$982$589$170
39 years$3,814$2,435$1,504$905$534$148
40 years$3,678$2,317$1,410$835$485$129
41 years$3,548$2,205$1,322$771$440$112
42 years$3,425$2,100$1,240$711$399$98
43 years$3,308$2,001$1,164$656$362$85
44 years$3,196$1,908$1,092$606$329$74
45 years$3,090$1,819$1,026$560$298$65
46 years$2,989$1,735$963$517$271$56
47 years$2,892$1,656$905$478$246$49
48 years$2,799$1,581$851$441$223$43
49 years$2,711$1,510$799$408$203$37
50 years$2,626$1,442$752$377$184$33

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 $2,070 every year, while hoping to spend $40,254 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: 60/28/12 Blend
63$2,690,000$2,690,000$2,690,000$2,690,000
64$2,966,515$2,823,945$2,782,250$3,135,795
65$3,226,270$2,919,489$2,832,626$3,345,405
66$3,511,170$3,018,364$2,883,340$3,569,219
67$3,823,739$3,120,694$2,934,361$3,812,383
68$4,166,754$3,226,601$2,985,656$4,076,767
69$4,543,276$3,336,218$3,037,188$4,364,428
70$4,956,676$3,449,678$3,088,920$4,677,630
71$5,410,667$3,567,123$3,140,809$5,018,864
72$5,909,341$3,688,697$3,192,811$5,390,873
73$6,457,202$3,814,552$3,244,879$5,796,675
74$7,059,217$3,944,845$3,296,963$6,239,593
75$7,720,853$4,079,739$3,349,007$6,723,283
76$8,448,137$4,219,403$3,400,956$7,251,773
77$9,247,706$4,364,013$3,452,747$7,829,496
78$10,126,873$4,513,751$3,504,315$8,461,333
79$11,093,697$4,668,807$3,555,592$9,152,658
80$12,157,054$4,829,378$3,606,504$9,909,391
81$13,326,725$4,995,669$3,656,974$10,738,050
82$14,613,486$5,167,893$3,706,918$11,645,811
83$16,029,211$5,346,269$3,756,249$12,640,579
84$17,586,983$5,531,028$3,804,875$13,731,062
85$19,301,215$5,722,408$3,852,699$14,926,848
86$21,187,790$5,920,657$3,899,615$16,238,497
87$23,264,208$6,126,033$3,945,516$17,677,645
88$25,549,752$6,338,803$3,990,285$19,257,104
89$28,065,667$6,559,245$4,033,800$20,990,990
90$30,835,366$6,787,649$4,075,934$22,894,851
91$33,884,645$7,024,316$4,116,549$24,985,816
92$37,241,929$7,269,557$4,155,503$27,282,754
93$40,938,538$7,523,698$4,192,645$29,806,451
94$45,008,987$7,787,077$4,227,817$32,579,807
95$49,491,305$8,060,045$4,260,850$35,628,051
96$54,427,399$8,342,968$4,291,569$38,978,976
97$59,863,445$8,636,225$4,319,788$42,663,203
98$65,850,329$8,940,212$4,345,313$46,714,471
99$72,444,120$9,255,340$4,367,939$51,169,947
100$79,706,605$9,582,037$4,387,450$56,070,585