Can I retire at age 64 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$223,789$221,796$219,851$217,953$216,099$207,771
2 years$110,787$108,723$106,724$104,785$102,904$94,614
3 years$73,124$71,052$69,057$67,137$65,287$57,294
4 years$54,297$52,231$50,256$48,368$46,563$38,929
5 years$43,003$40,950$39,001$37,151$35,397$28,141
6 years$35,476$33,438$31,518$29,710$28,008$21,136
7 years$30,102$28,081$26,192$24,426$22,778$16,287
8 years$26,074$24,071$22,213$20,491$18,897$12,780
9 years$22,942$20,958$19,132$17,454$15,914$10,163
10 years$20,438$18,474$16,680$15,045$13,559$8,164
11 years$18,391$16,446$14,684$13,094$11,661$6,609
12 years$16,686$14,761$13,032$11,485$10,106$5,382
13 years$15,244$13,340$11,643$10,140$8,812$4,405
14 years$14,010$12,125$10,462$9,001$7,725$3,619
15 years$12,941$11,077$9,445$8,027$6,801$2,982
16 years$12,006$10,163$8,564$7,187$6,011$2,464
17 years$11,183$9,359$7,793$6,458$5,330$2,040
18 years$10,451$8,649$7,114$5,820$4,739$1,692
19 years$9,798$8,015$6,512$5,259$4,224$1,405
20 years$9,210$7,448$5,977$4,763$3,773$1,168
21 years$8,680$6,938$5,497$4,322$3,376$972
22 years$8,198$6,476$5,067$3,930$3,026$810
23 years$7,758$6,057$4,678$3,579$2,717$675
24 years$7,356$5,675$4,326$3,264$2,442$563
25 years$6,987$5,326$4,007$2,981$2,197$469
26 years$6,646$5,005$3,716$2,726$1,979$392
27 years$6,332$4,711$3,451$2,495$1,784$327
28 years$6,040$4,439$3,208$2,286$1,610$273
29 years$5,769$4,187$2,985$2,096$1,454$228
30 years$5,516$3,955$2,781$1,924$1,314$191
31 years$5,281$3,738$2,593$1,767$1,188$159
32 years$5,060$3,537$2,419$1,624$1,074$133
33 years$4,853$3,350$2,259$1,493$972$111
34 years$4,659$3,175$2,110$1,374$880$93
35 years$4,476$3,011$1,973$1,265$797$78
36 years$4,304$2,858$1,846$1,165$722$65
37 years$4,142$2,715$1,727$1,073$655$54
38 years$3,988$2,580$1,618$989$594$45
39 years$3,843$2,453$1,516$912$538$38
40 years$3,705$2,334$1,421$841$488$32
41 years$3,574$2,222$1,332$776$443$26
42 years$3,450$2,116$1,250$716$402$22
43 years$3,332$2,016$1,172$661$365$19
44 years$3,220$1,922$1,101$611$331$15
45 years$3,113$1,833$1,033$564$301$13
46 years$3,011$1,748$971$521$273$11
47 years$2,913$1,668$912$481$248$9
48 years$2,820$1,593$857$445$225$8
49 years$2,731$1,521$805$411$204$6
50 years$2,646$1,453$757$380$186$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,710,000, adding $4,309 every year, while hoping to spend $43,516 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: 62/25/13 Blend
63$2,710,000$2,710,000$2,710,000$2,710,000
64$2,990,865$2,847,235$2,805,230$3,166,707
65$3,249,632$2,940,449$2,852,904$3,378,410
66$3,533,336$3,036,771$2,900,717$3,604,049
67$3,844,472$3,136,310$2,948,628$3,849,291
68$4,185,793$3,239,173$2,996,591$4,116,039
69$4,560,328$3,345,477$3,044,561$4,406,387
70$4,971,414$3,455,338$3,092,487$4,722,639
71$5,422,728$3,568,879$3,140,315$5,067,333
72$5,918,319$3,686,227$3,187,988$5,443,261
73$6,462,649$3,807,513$3,235,447$5,853,497
74$7,060,631$3,932,873$3,282,626$6,301,426
75$7,717,679$4,062,448$3,329,458$6,790,774
76$8,439,757$4,196,382$3,375,869$7,325,645
77$9,233,435$4,334,828$3,421,784$7,910,558
78$10,105,953$4,477,942$3,467,121$8,550,489
79$11,065,285$4,625,886$3,511,794$9,250,918
80$12,120,217$4,778,828$3,555,713$10,017,879
81$13,280,429$4,936,941$3,598,780$10,858,020
82$14,556,588$5,100,406$3,640,894$11,778,661
83$15,960,445$5,269,410$3,681,948$12,787,866
84$17,504,945$5,444,147$3,721,829$13,894,517
85$19,204,356$5,624,816$3,760,416$15,108,397
86$21,074,394$5,811,626$3,797,584$16,440,283
87$23,132,379$6,004,793$3,833,200$17,902,047
88$25,397,393$6,204,539$3,867,124$19,506,767
89$27,890,462$6,411,096$3,899,207$21,268,850
90$30,634,754$6,624,705$3,929,296$23,204,166
91$33,655,797$6,845,613$3,957,225$25,330,202
92$36,981,720$7,074,079$3,982,823$27,666,221
93$40,643,517$7,310,371$4,005,910$30,233,445
94$44,675,342$7,554,765$4,026,294$33,055,258
95$49,114,828$7,807,550$4,043,775$36,157,420
96$54,003,443$8,069,023$4,058,145$39,568,315
97$59,386,883$8,339,493$4,069,181$43,319,214
98$65,315,499$8,619,282$4,076,652$47,444,574
99$71,844,774$8,908,722$4,080,315$51,982,358
100$79,035,850$9,208,158$4,079,914$56,974,396