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%11.7%
1 years$222,138$220,159$218,229$216,344$214,504$212,974
2 years$109,969$107,921$105,936$104,012$102,145$100,602
3 years$72,585$70,528$68,548$66,641$64,805$63,297
4 years$53,896$51,845$49,885$48,011$46,219$44,758
5 years$42,686$40,647$38,713$36,877$35,135$33,725
6 years$35,215$33,192$31,286$29,491$27,801$26,443
7 years$29,880$27,874$25,999$24,246$22,610$21,305
8 years$25,881$23,893$22,049$20,340$18,757$17,506
9 years$22,773$20,803$18,991$17,325$15,796$14,598
10 years$20,287$18,337$16,557$14,934$13,459$12,313
11 years$18,255$16,325$14,576$12,997$11,575$10,481
12 years$16,562$14,652$12,936$11,400$10,031$8,987
13 years$15,132$13,241$11,557$10,065$8,747$7,753
14 years$13,906$12,036$10,384$8,934$7,668$6,722
15 years$12,845$10,995$9,376$7,968$6,751$5,852
16 years$11,918$10,088$8,500$7,134$5,967$5,114
17 years$11,100$9,290$7,735$6,410$5,291$4,482
18 years$10,374$8,585$7,061$5,777$4,704$3,938
19 years$9,726$7,956$6,464$5,220$4,193$3,468
20 years$9,142$7,393$5,932$4,728$3,745$3,060
21 years$8,616$6,887$5,457$4,291$3,352$2,705
22 years$8,137$6,428$5,029$3,901$3,004$2,394
23 years$7,701$6,012$4,644$3,553$2,697$2,122
24 years$7,302$5,633$4,295$3,240$2,424$1,883
25 years$6,935$5,286$3,978$2,959$2,181$1,673
26 years$6,597$4,968$3,689$2,706$1,965$1,487
27 years$6,285$4,676$3,426$2,477$1,771$1,323
28 years$5,995$4,406$3,185$2,269$1,598$1,178
29 years$5,726$4,157$2,963$2,081$1,443$1,049
30 years$5,476$3,925$2,760$1,910$1,304$935
31 years$5,242$3,711$2,573$1,754$1,179$834
32 years$5,023$3,511$2,401$1,612$1,066$744
33 years$4,817$3,325$2,242$1,482$965$664
34 years$4,625$3,152$2,095$1,364$874$593
35 years$4,443$2,989$1,958$1,256$791$529
36 years$4,272$2,837$1,832$1,156$717$473
37 years$4,111$2,695$1,715$1,065$650$423
38 years$3,959$2,561$1,606$982$589$378
39 years$3,814$2,435$1,504$905$534$338
40 years$3,678$2,317$1,410$835$485$302
41 years$3,548$2,205$1,322$771$440$270
42 years$3,425$2,100$1,240$711$399$241
43 years$3,308$2,001$1,164$656$362$216
44 years$3,196$1,908$1,092$606$329$193
45 years$3,090$1,819$1,026$560$298$173
46 years$2,989$1,735$963$517$271$154
47 years$2,892$1,656$905$478$246$138
48 years$2,799$1,581$851$441$223$124
49 years$2,711$1,510$799$408$203$111
50 years$2,626$1,442$752$377$184$99

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 $4,809 every year, while hoping to spend $26,702 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: 62/27/11 Blend
63$2,690,000$2,690,000$2,690,000$2,690,000
64$2,969,340$2,826,770$2,785,075$3,145,622
65$3,243,802$2,936,872$2,849,965$3,374,381
66$3,545,365$3,051,473$2,916,133$3,620,473
67$3,876,763$3,170,766$2,983,595$3,888,429
68$4,241,012$3,294,952$3,052,364$4,180,366
69$4,641,432$3,424,242$3,122,455$4,498,614
70$5,081,682$3,558,853$3,193,881$4,845,738
71$5,565,792$3,699,016$3,266,655$5,224,557
72$6,098,203$3,844,968$3,340,788$5,638,174
73$6,683,809$3,996,960$3,416,293$6,090,004
74$7,327,999$4,155,253$3,493,181$6,583,807
75$8,036,713$4,320,119$3,571,461$7,123,718
76$8,816,497$4,491,844$3,651,143$7,714,291
77$9,674,559$4,670,723$3,732,236$8,360,538
78$10,618,845$4,857,070$3,814,747$9,067,975
79$11,658,109$5,051,208$3,898,683$9,842,677
80$12,801,996$5,253,477$3,984,049$10,691,331
81$14,061,135$5,464,233$4,070,850$11,621,299
82$15,447,236$5,683,846$4,159,088$12,640,689
83$16,973,203$5,912,703$4,248,767$13,758,427
84$18,653,254$6,151,210$4,339,885$14,984,342
85$20,503,058$6,399,791$4,432,443$16,329,259
86$22,539,877$6,658,889$4,526,438$17,805,099
87$24,782,736$6,928,965$4,621,864$19,424,989
88$27,252,595$7,210,505$4,718,717$21,203,389
89$29,972,554$7,504,014$4,816,988$23,156,223
90$32,968,065$7,810,021$4,916,668$25,301,029
91$36,267,175$8,129,079$5,017,743$27,657,126
92$39,900,789$8,461,766$5,120,200$30,245,792
93$43,902,964$8,808,688$5,224,022$33,090,466
94$48,311,229$9,170,476$5,329,189$36,216,965
95$53,166,937$9,547,792$5,435,679$39,653,728
96$58,515,658$9,941,327$5,543,468$43,432,085
97$64,407,607$10,351,804$5,652,526$47,586,546
98$70,898,121$10,779,981$5,762,824$52,155,130
99$78,048,177$11,226,647$5,874,326$57,179,720
100$85,924,970$11,692,632$5,986,995$62,706,455