Can I retire at age 64 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$224,615$222,614$220,662$218,757$216,897$210,206
2 years$111,196$109,125$107,118$105,172$103,284$96,602
3 years$73,394$71,314$69,312$67,384$65,528$59,064
4 years$54,497$52,423$50,442$48,547$46,735$40,538
5 years$43,162$41,101$39,145$37,289$35,527$29,615
6 years$35,607$33,562$31,635$29,820$28,111$22,489
7 years$30,213$28,185$26,289$24,517$22,862$17,528
8 years$26,170$24,160$22,295$20,566$18,966$13,918
9 years$23,027$21,035$19,203$17,518$15,972$11,204
10 years$20,513$18,542$16,741$15,101$13,609$9,114
11 years$18,458$16,507$14,739$13,142$11,704$7,475
12 years$16,747$14,815$13,080$11,527$10,143$6,170
13 years$15,300$13,389$11,686$10,177$8,845$5,118
14 years$14,061$12,170$10,500$9,034$7,753$4,264
15 years$12,988$11,118$9,480$8,057$6,827$3,564
16 years$12,051$10,200$8,595$7,214$6,033$2,988
17 years$11,224$9,394$7,821$6,482$5,350$2,510
18 years$10,490$8,680$7,140$5,841$4,757$2,113
19 years$9,834$8,045$6,536$5,278$4,240$1,782
20 years$9,244$7,476$5,999$4,780$3,787$1,504
21 years$8,712$6,963$5,518$4,338$3,389$1,271
22 years$8,228$6,500$5,085$3,945$3,038$1,076
23 years$7,787$6,079$4,695$3,592$2,727$911
24 years$7,383$5,696$4,342$3,277$2,451$772
25 years$7,013$5,345$4,022$2,992$2,205$654
26 years$6,671$5,024$3,730$2,736$1,987$555
27 years$6,355$4,728$3,464$2,504$1,791$471
28 years$6,062$4,455$3,220$2,295$1,616$399
29 years$5,790$4,203$2,997$2,104$1,459$339
30 years$5,537$3,969$2,791$1,931$1,319$288
31 years$5,300$3,752$2,602$1,774$1,192$245
32 years$5,079$3,550$2,428$1,630$1,078$208
33 years$4,871$3,362$2,267$1,499$976$177
34 years$4,676$3,187$2,118$1,379$884$150
35 years$4,493$3,023$1,980$1,270$800$127
36 years$4,320$2,869$1,852$1,169$725$108
37 years$4,157$2,725$1,734$1,077$657$92
38 years$4,003$2,589$1,624$993$596$78
39 years$3,857$2,462$1,521$916$540$67
40 years$3,719$2,343$1,426$844$490$57
41 years$3,588$2,230$1,337$779$445$48
42 years$3,463$2,124$1,254$719$403$41
43 years$3,345$2,024$1,177$664$366$35
44 years$3,232$1,929$1,105$613$332$30
45 years$3,124$1,839$1,037$566$302$25
46 years$3,022$1,755$974$523$274$21
47 years$2,924$1,674$915$483$249$18
48 years$2,831$1,599$860$446$226$15
49 years$2,741$1,526$808$412$205$13
50 years$2,656$1,458$760$381$186$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,720,000, adding $6,663 every year, while hoping to spend $35,959 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: 56/34/10 Blend
63$2,720,000$2,720,000$2,720,000$2,720,000
64$3,004,313$2,860,153$2,817,993$3,164,833
65$3,272,493$2,962,040$2,874,136$3,375,955
66$3,566,822$3,067,715$2,930,954$3,601,246
67$3,889,929$3,177,325$2,988,432$3,845,772
68$4,244,711$3,291,023$3,046,554$4,111,372
69$4,634,358$3,408,969$3,105,300$4,400,072
70$5,062,385$3,531,331$3,164,650$4,714,096
71$5,532,663$3,658,281$3,224,580$5,055,894
72$6,049,458$3,790,000$3,285,067$5,428,161
73$6,617,468$3,926,676$3,346,082$5,833,860
74$7,241,871$4,068,504$3,407,597$6,276,252
75$7,928,369$4,215,688$3,469,580$6,758,928
76$8,683,248$4,368,442$3,531,995$7,285,837
77$9,513,428$4,526,985$3,594,806$7,861,326
78$10,426,539$4,691,547$3,657,973$8,490,181
79$11,430,982$4,862,370$3,721,452$9,177,668
80$12,536,019$5,039,703$3,785,197$9,929,588
81$13,751,851$5,223,806$3,849,159$10,752,322
82$15,089,717$5,414,950$3,913,283$11,652,900
83$16,562,004$5,613,419$3,977,514$12,639,060
84$18,182,359$5,819,506$4,041,791$13,719,321
85$19,965,817$6,033,519$4,106,048$14,903,067
86$21,928,946$6,255,778$4,170,217$16,200,629
87$24,090,003$6,486,616$4,234,224$17,623,385
88$26,469,104$6,726,380$4,297,991$19,183,864
89$29,088,413$6,975,433$4,361,434$20,895,866
90$31,972,355$7,234,153$4,424,466$22,774,589
91$35,147,842$7,502,934$4,486,992$24,836,773
92$38,644,530$7,782,185$4,548,914$27,100,854
93$42,495,095$8,072,335$4,610,126$29,587,141
94$46,735,545$8,373,831$4,670,516$32,318,002
95$51,405,560$8,687,137$4,729,967$35,318,078
96$56,548,859$9,012,739$4,788,354$38,614,510
97$62,213,624$9,351,144$4,845,544$42,237,199
98$68,452,942$9,702,879$4,901,399$46,219,080
99$75,325,318$10,068,496$4,955,771$50,596,440
100$82,895,216$10,448,568$5,008,505$55,409,249