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%19.5%
1 years$223,789$221,796$219,851$217,953$216,099$207,854
2 years$110,787$108,723$106,724$104,785$102,904$94,694
3 years$73,124$71,052$69,057$67,137$65,287$57,370
4 years$54,297$52,231$50,256$48,368$46,563$39,000
5 years$43,003$40,950$39,001$37,151$35,397$28,207
6 years$35,476$33,438$31,518$29,710$28,008$21,197
7 years$30,102$28,081$26,192$24,426$22,778$16,344
8 years$26,074$24,071$22,213$20,491$18,897$12,832
9 years$22,942$20,958$19,132$17,454$15,914$10,211
10 years$20,438$18,474$16,680$15,045$13,559$8,207
11 years$18,391$16,446$14,684$13,094$11,661$6,648
12 years$16,686$14,761$13,032$11,485$10,106$5,418
13 years$15,244$13,340$11,643$10,140$8,812$4,437
14 years$14,010$12,125$10,462$9,001$7,725$3,648
15 years$12,941$11,077$9,445$8,027$6,801$3,009
16 years$12,006$10,163$8,564$7,187$6,011$2,488
17 years$11,183$9,359$7,793$6,458$5,330$2,061
18 years$10,451$8,649$7,114$5,820$4,739$1,710
19 years$9,798$8,015$6,512$5,259$4,224$1,422
20 years$9,210$7,448$5,977$4,763$3,773$1,183
21 years$8,680$6,938$5,497$4,322$3,376$985
22 years$8,198$6,476$5,067$3,930$3,026$821
23 years$7,758$6,057$4,678$3,579$2,717$685
24 years$7,356$5,675$4,326$3,264$2,442$572
25 years$6,987$5,326$4,007$2,981$2,197$477
26 years$6,646$5,005$3,716$2,726$1,979$399
27 years$6,332$4,711$3,451$2,495$1,784$333
28 years$6,040$4,439$3,208$2,286$1,610$278
29 years$5,769$4,187$2,985$2,096$1,454$233
30 years$5,516$3,955$2,781$1,924$1,314$194
31 years$5,281$3,738$2,593$1,767$1,188$163
32 years$5,060$3,537$2,419$1,624$1,074$136
33 years$4,853$3,350$2,259$1,493$972$114
34 years$4,659$3,175$2,110$1,374$880$95
35 years$4,476$3,011$1,973$1,265$797$80
36 years$4,304$2,858$1,846$1,165$722$67
37 years$4,142$2,715$1,727$1,073$655$56
38 years$3,988$2,580$1,618$989$594$47
39 years$3,843$2,453$1,516$912$538$39
40 years$3,705$2,334$1,421$841$488$33
41 years$3,574$2,222$1,332$776$443$27
42 years$3,450$2,116$1,250$716$402$23
43 years$3,332$2,016$1,172$661$365$19
44 years$3,220$1,922$1,101$611$331$16
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$7
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 $4,433 every year, while hoping to spend $30,468 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: 41/38/21 Blend
63$2,710,000$2,710,000$2,710,000$2,710,000
64$2,990,993$2,847,363$2,805,358$3,094,958
65$3,263,656$2,954,466$2,866,919$3,276,703
66$3,563,110$3,065,796$2,929,522$3,470,037
67$3,892,055$3,181,527$2,993,169$3,678,679
68$4,253,466$3,301,844$3,057,862$3,904,046
69$4,650,620$3,426,934$3,123,601$4,147,695
70$5,087,128$3,556,999$3,190,386$4,411,337
71$5,566,967$3,692,244$3,258,216$4,696,851
72$6,094,520$3,832,886$3,327,088$5,006,303
73$6,674,614$3,979,151$3,396,999$5,341,964
74$7,312,570$4,131,274$3,467,943$5,706,330
75$8,014,246$4,289,501$3,539,914$6,102,145
76$8,786,102$4,454,088$3,612,903$6,532,428
77$9,635,250$4,625,305$3,686,901$7,000,498
78$10,569,530$4,803,429$3,761,896$7,510,005
79$11,597,578$4,988,753$3,837,876$8,064,964
80$12,728,911$5,181,581$3,914,825$8,669,795
81$13,974,013$5,382,232$3,992,725$9,329,358
82$15,344,439$5,591,038$4,071,557$10,049,000
83$16,852,918$5,808,345$4,151,301$10,834,608
84$18,513,477$6,034,516$4,231,931$11,692,658
85$20,341,572$6,269,928$4,313,422$12,630,279
86$22,354,235$6,514,977$4,395,743$13,655,316
87$24,570,230$6,770,074$4,478,864$14,776,406
88$27,010,237$7,035,651$4,562,749$16,003,057
89$29,697,040$7,312,157$4,647,361$17,345,733
90$32,655,748$7,600,062$4,732,657$18,815,959
91$35,914,027$7,899,857$4,818,593$20,426,419
92$39,502,363$8,212,056$4,905,121$22,191,084
93$43,454,350$8,537,192$4,992,189$24,125,332
94$47,807,006$8,875,827$5,079,740$26,246,102
95$52,601,123$9,228,545$5,167,713$28,572,043
96$57,881,650$9,595,957$5,256,045$31,123,694
97$63,698,121$9,978,701$5,344,665$33,923,676
98$70,105,117$10,377,445$5,433,498$36,996,898
99$77,162,785$10,792,886$5,522,466$40,370,797
100$84,937,403$11,225,752$5,611,483$44,075,592