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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.1%
1 years$224,615$222,614$220,662$218,757$216,897$208,952
2 years$111,196$109,125$107,118$105,172$103,284$95,368
3 years$73,394$71,314$69,312$67,384$65,528$57,890
4 years$54,497$52,423$50,442$48,547$46,735$39,433
5 years$43,162$41,101$39,145$37,289$35,527$28,581
6 years$35,607$33,562$31,635$29,820$28,111$21,525
7 years$30,213$28,185$26,289$24,517$22,862$16,634
8 years$26,170$24,160$22,295$20,566$18,966$13,092
9 years$23,027$21,035$19,203$17,518$15,972$10,443
10 years$20,513$18,542$16,741$15,101$13,609$8,415
11 years$18,458$16,507$14,739$13,142$11,704$6,834
12 years$16,747$14,815$13,080$11,527$10,143$5,585
13 years$15,300$13,389$11,686$10,177$8,845$4,586
14 years$14,061$12,170$10,500$9,034$7,753$3,781
15 years$12,988$11,118$9,480$8,057$6,827$3,127
16 years$12,051$10,200$8,595$7,214$6,033$2,593
17 years$11,224$9,394$7,821$6,482$5,350$2,155
18 years$10,490$8,680$7,140$5,841$4,757$1,794
19 years$9,834$8,045$6,536$5,278$4,240$1,495
20 years$9,244$7,476$5,999$4,780$3,787$1,248
21 years$8,712$6,963$5,518$4,338$3,389$1,043
22 years$8,228$6,500$5,085$3,945$3,038$872
23 years$7,787$6,079$4,695$3,592$2,727$729
24 years$7,383$5,696$4,342$3,277$2,451$611
25 years$7,013$5,345$4,022$2,992$2,205$511
26 years$6,671$5,024$3,730$2,736$1,987$429
27 years$6,355$4,728$3,464$2,504$1,791$359
28 years$6,062$4,455$3,220$2,295$1,616$301
29 years$5,790$4,203$2,997$2,104$1,459$253
30 years$5,537$3,969$2,791$1,931$1,319$212
31 years$5,300$3,752$2,602$1,774$1,192$178
32 years$5,079$3,550$2,428$1,630$1,078$149
33 years$4,871$3,362$2,267$1,499$976$125
34 years$4,676$3,187$2,118$1,379$884$105
35 years$4,493$3,023$1,980$1,270$800$88
36 years$4,320$2,869$1,852$1,169$725$74
37 years$4,157$2,725$1,734$1,077$657$62
38 years$4,003$2,589$1,624$993$596$52
39 years$3,857$2,462$1,521$916$540$44
40 years$3,719$2,343$1,426$844$490$37
41 years$3,588$2,230$1,337$779$445$31
42 years$3,463$2,124$1,254$719$403$26
43 years$3,345$2,024$1,177$664$366$22
44 years$3,232$1,929$1,105$613$332$18
45 years$3,124$1,839$1,037$566$302$15
46 years$3,022$1,755$974$523$274$13
47 years$2,924$1,674$915$483$249$11
48 years$2,831$1,599$860$446$226$9
49 years$2,741$1,526$808$412$205$8
50 years$2,656$1,458$760$381$186$6

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 $4,485 every year, while hoping to spend $46,811 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: 57/27/16 Blend
63$2,720,000$2,720,000$2,720,000$2,720,000
64$3,002,066$2,857,906$2,815,746$3,160,420
65$3,258,470$2,948,137$2,860,267$3,358,572
66$3,539,459$3,041,220$2,904,711$3,568,906
67$3,847,490$3,137,246$2,949,025$3,797,042
68$4,185,271$3,236,308$2,993,154$4,044,698
69$4,555,784$3,338,503$3,037,040$4,313,765
70$4,962,313$3,443,928$3,080,619$4,606,325
71$5,408,475$3,552,687$3,123,827$4,924,667
72$5,898,257$3,664,886$3,166,592$5,271,313
73$6,436,047$3,780,633$3,208,841$5,649,039
74$7,026,680$3,900,041$3,250,494$6,060,902
75$7,675,485$4,023,226$3,291,469$6,510,266
76$8,388,328$4,150,308$3,331,676$7,000,837
77$9,171,674$4,281,410$3,371,024$7,536,696
78$10,032,645$4,416,660$3,409,414$8,122,337
79$10,979,088$4,556,188$3,446,742$8,762,706
80$12,019,645$4,700,132$3,482,898$9,463,256
81$13,163,841$4,848,631$3,517,768$10,229,988
82$14,422,169$5,001,829$3,551,228$11,069,515
83$15,806,187$5,159,876$3,583,152$11,989,119
84$17,328,634$5,322,926$3,613,403$12,996,822
85$19,003,541$5,491,136$3,641,839$14,101,460
86$20,846,372$5,664,672$3,668,311$15,312,767
87$22,874,163$5,843,701$3,692,660$16,641,467
88$25,105,684$6,028,399$3,714,721$18,099,373
89$27,561,619$6,218,946$3,734,319$19,699,499
90$30,264,757$6,415,526$3,751,271$21,456,182
91$33,240,208$6,618,333$3,765,384$23,385,218
92$36,515,640$6,827,563$3,776,456$25,504,009
93$40,121,543$7,043,421$3,784,274$27,831,729
94$44,091,508$7,266,116$3,788,616$30,389,502
95$48,462,554$7,495,868$3,789,246$33,200,603
96$53,275,468$7,732,899$3,785,919$36,290,676
97$58,575,196$7,977,441$3,778,378$39,687,977
98$64,411,263$8,229,733$3,766,351$43,423,637
99$70,838,244$8,490,022$3,749,555$47,531,960
100$77,916,273$8,758,561$3,727,693$52,050,742