Can I retire at age 64 with 2,730,000?

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 $2,730,000?

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$225,441$223,433$221,474$219,561$217,694$210,979
2 years$111,604$109,526$107,511$105,558$103,664$96,957
3 years$73,664$71,576$69,567$67,632$65,769$59,281
4 years$54,697$52,616$50,627$48,725$46,907$40,687
5 years$43,320$41,252$39,289$37,426$35,658$29,724
6 years$35,738$33,685$31,751$29,930$28,215$22,571
7 years$30,324$28,289$26,385$24,607$22,946$17,593
8 years$26,266$24,249$22,377$20,642$19,036$13,969
9 years$23,111$21,113$19,273$17,582$16,031$11,246
10 years$20,589$18,610$16,803$15,156$13,659$9,148
11 years$18,526$16,567$14,793$13,190$11,747$7,502
12 years$16,809$14,870$13,128$11,570$10,180$6,192
13 years$15,357$13,438$11,729$10,214$8,877$5,137
14 years$14,113$12,215$10,539$9,067$7,782$4,280
15 years$13,036$11,158$9,515$8,086$6,852$3,578
16 years$12,095$10,238$8,627$7,240$6,056$2,999
17 years$11,265$9,429$7,850$6,505$5,369$2,520
18 years$10,529$8,712$7,166$5,863$4,774$2,121
19 years$9,870$8,075$6,560$5,297$4,255$1,788
20 years$9,278$7,503$6,021$4,798$3,801$1,510
21 years$8,744$6,989$5,538$4,354$3,401$1,276
22 years$8,258$6,524$5,104$3,959$3,049$1,080
23 years$7,816$6,102$4,713$3,606$2,737$914
24 years$7,410$5,717$4,358$3,289$2,460$774
25 years$7,038$5,365$4,037$3,003$2,214$656
26 years$6,695$5,042$3,744$2,746$1,994$557
27 years$6,378$4,745$3,477$2,514$1,798$472
28 years$6,085$4,472$3,232$2,303$1,622$401
29 years$5,811$4,218$3,008$2,112$1,465$340
30 years$5,557$3,984$2,801$1,938$1,323$289
31 years$5,320$3,766$2,612$1,780$1,196$245
32 years$5,097$3,563$2,437$1,636$1,082$209
33 years$4,889$3,375$2,275$1,504$979$177
34 years$4,693$3,198$2,126$1,384$887$151
35 years$4,509$3,034$1,987$1,274$803$128
36 years$4,336$2,879$1,859$1,173$728$109
37 years$4,172$2,735$1,740$1,081$660$92
38 years$4,017$2,599$1,630$997$598$79
39 years$3,871$2,471$1,527$919$542$67
40 years$3,732$2,351$1,431$848$492$57
41 years$3,601$2,238$1,342$782$446$48
42 years$3,476$2,132$1,259$722$405$41
43 years$3,357$2,031$1,181$666$367$35
44 years$3,244$1,936$1,109$615$334$30
45 years$3,136$1,846$1,041$568$303$25
46 years$3,033$1,761$978$525$275$21
47 years$2,935$1,681$919$485$250$18
48 years$2,841$1,604$863$448$227$16
49 years$2,751$1,532$811$414$206$13
50 years$2,665$1,464$763$383$187$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,730,000, adding $2,945 every year, while hoping to spend $27,308 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: 76/6/18 Blend
63$2,730,000$2,730,000$2,730,000$2,730,000
64$3,011,498$2,866,808$2,824,493$3,227,804
65$3,289,615$2,978,226$2,890,058$3,482,718
66$3,595,185$3,094,188$2,956,904$3,758,453
67$3,930,979$3,214,889$3,025,045$4,060,042
68$4,300,050$3,340,529$3,094,496$4,390,058
69$4,705,762$3,471,322$3,165,268$4,751,335
70$5,151,821$3,607,488$3,237,375$5,146,992
71$5,642,308$3,749,257$3,310,830$5,580,465
72$6,181,723$3,896,870$3,385,642$6,055,539
73$6,775,022$4,050,579$3,461,823$6,576,383
74$7,427,663$4,210,646$3,539,384$7,147,588
75$8,145,664$4,377,348$3,618,332$7,774,212
76$8,935,653$4,550,969$3,698,678$8,461,826
77$9,804,934$4,731,810$3,780,428$9,216,568
78$10,761,553$4,920,185$3,863,588$10,045,197
79$11,814,378$5,116,421$3,948,165$10,955,162
80$12,973,178$5,320,859$4,034,162$11,954,668
81$14,248,719$5,533,857$4,121,582$13,052,753
82$15,652,861$5,755,789$4,210,428$14,259,377
83$17,198,674$5,987,045$4,300,699$15,585,509
84$18,900,562$6,228,032$4,392,395$17,043,238
85$20,774,392$6,479,179$4,485,513$18,645,881
86$22,837,651$6,740,929$4,580,049$20,408,110
87$25,109,607$7,013,750$4,675,996$22,346,091
88$27,611,491$7,298,129$4,773,347$24,477,634
89$30,366,700$7,594,574$4,872,091$26,822,366
90$33,401,014$7,903,618$4,972,216$29,401,909
91$36,742,840$8,225,818$5,073,708$32,240,087
92$40,423,483$8,561,756$5,176,550$35,363,151
93$44,477,436$8,912,041$5,280,723$38,800,028
94$48,942,712$9,277,308$5,386,204$42,582,587
95$53,861,196$9,658,224$5,492,970$46,745,947
96$59,279,045$10,055,483$5,600,991$51,328,803
97$65,247,121$10,469,815$5,710,237$56,373,794
98$71,821,471$10,901,980$5,820,674$61,927,902
99$79,063,858$11,352,774$5,932,264$68,042,898
100$87,042,341$11,823,030$6,044,964$74,775,828