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%19.3%
1 years$224,615$222,614$220,662$218,757$216,897$208,786
2 years$111,196$109,125$107,118$105,172$103,284$95,206
3 years$73,394$71,314$69,312$67,384$65,528$57,736
4 years$54,497$52,423$50,442$48,547$46,735$39,288
5 years$43,162$41,101$39,145$37,289$35,527$28,446
6 years$35,607$33,562$31,635$29,820$28,111$21,400
7 years$30,213$28,185$26,289$24,517$22,862$16,519
8 years$26,170$24,160$22,295$20,566$18,966$12,985
9 years$23,027$21,035$19,203$17,518$15,972$10,345
10 years$20,513$18,542$16,741$15,101$13,609$8,326
11 years$18,458$16,507$14,739$13,142$11,704$6,753
12 years$16,747$14,815$13,080$11,527$10,143$5,511
13 years$15,300$13,389$11,686$10,177$8,845$4,520
14 years$14,061$12,170$10,500$9,034$7,753$3,721
15 years$12,988$11,118$9,480$8,057$6,827$3,073
16 years$12,051$10,200$8,595$7,214$6,033$2,545
17 years$11,224$9,394$7,821$6,482$5,350$2,111
18 years$10,490$8,680$7,140$5,841$4,757$1,755
19 years$9,834$8,045$6,536$5,278$4,240$1,461
20 years$9,244$7,476$5,999$4,780$3,787$1,217
21 years$8,712$6,963$5,518$4,338$3,389$1,015
22 years$8,228$6,500$5,085$3,945$3,038$848
23 years$7,787$6,079$4,695$3,592$2,727$708
24 years$7,383$5,696$4,342$3,277$2,451$592
25 years$7,013$5,345$4,022$2,992$2,205$495
26 years$6,671$5,024$3,730$2,736$1,987$414
27 years$6,355$4,728$3,464$2,504$1,791$346
28 years$6,062$4,455$3,220$2,295$1,616$290
29 years$5,790$4,203$2,997$2,104$1,459$243
30 years$5,537$3,969$2,791$1,931$1,319$203
31 years$5,300$3,752$2,602$1,774$1,192$170
32 years$5,079$3,550$2,428$1,630$1,078$143
33 years$4,871$3,362$2,267$1,499$976$120
34 years$4,676$3,187$2,118$1,379$884$100
35 years$4,493$3,023$1,980$1,270$800$84
36 years$4,320$2,869$1,852$1,169$725$70
37 years$4,157$2,725$1,734$1,077$657$59
38 years$4,003$2,589$1,624$993$596$49
39 years$3,857$2,462$1,521$916$540$41
40 years$3,719$2,343$1,426$844$490$35
41 years$3,588$2,230$1,337$779$445$29
42 years$3,463$2,124$1,254$719$403$24
43 years$3,345$2,024$1,177$664$366$20
44 years$3,232$1,929$1,105$613$332$17
45 years$3,124$1,839$1,037$566$302$14
46 years$3,022$1,755$974$523$274$12
47 years$2,924$1,674$915$483$249$10
48 years$2,831$1,599$860$446$226$8
49 years$2,741$1,526$808$412$205$7
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 $2,486 every year, while hoping to spend $27,057 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: 65/18/17 Blend
63$2,720,000$2,720,000$2,720,000$2,720,000
64$3,000,004$2,855,844$2,813,684$3,182,287
65$3,277,216$2,966,992$2,879,154$3,415,877
66$3,581,797$3,082,680$2,945,911$3,667,694
67$3,916,510$3,203,100$3,013,968$3,942,220
68$4,284,398$3,328,457$3,083,340$4,241,674
69$4,688,816$3,458,960$3,154,042$4,568,503
70$5,133,458$3,594,832$3,226,084$4,925,396
71$5,622,394$3,736,302$3,299,482$5,315,314
72$6,160,110$3,883,612$3,374,246$5,741,519
73$6,751,545$4,037,014$3,450,388$6,207,599
74$7,402,146$4,196,770$3,527,918$6,717,504
75$8,117,908$4,363,155$3,606,847$7,275,586
76$8,905,442$4,536,457$3,687,183$7,886,634
77$9,772,028$4,716,975$3,768,936$8,555,922
78$10,725,691$4,905,022$3,852,111$9,289,257
79$11,775,270$5,100,927$3,936,715$10,093,036
80$12,930,506$5,305,031$4,022,754$10,974,300
81$14,202,133$5,517,693$4,110,231$11,940,807
82$15,601,975$5,739,285$4,199,149$13,001,098
83$17,143,066$5,970,199$4,289,509$14,164,582
84$18,839,762$6,210,842$4,381,312$15,441,622
85$20,707,888$6,461,643$4,474,555$16,843,630
86$22,764,875$6,723,047$4,569,236$18,383,180
87$25,029,936$6,995,520$4,665,349$20,074,119
88$27,524,239$7,279,550$4,762,888$21,931,701
89$30,271,111$7,575,647$4,861,843$23,972,729
90$33,296,254$7,884,344$4,962,205$26,215,715
91$36,627,993$8,206,197$5,063,960$28,681,049
92$40,297,538$8,541,791$5,167,093$31,391,195
93$44,339,282$8,891,734$5,271,585$34,370,900
94$48,791,123$9,256,662$5,377,417$37,647,429
95$53,694,822$9,637,244$5,484,565$41,250,815
96$59,096,399$10,034,174$5,593,004$45,214,151
97$65,046,565$10,448,182$5,702,703$49,573,893
98$71,601,202$10,880,030$5,813,630$54,370,208
99$78,821,888$11,330,515$5,925,750$59,647,349
100$86,776,481$11,800,470$6,039,023$65,454,073