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

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$225,441$223,433$221,474$219,561$217,694$216,322
2 years$111,604$109,526$107,511$105,558$103,664$102,280
3 years$73,664$71,576$69,567$67,632$65,769$64,416
4 years$54,697$52,616$50,627$48,725$46,907$45,595
5 years$43,320$41,252$39,289$37,426$35,658$34,391
6 years$35,738$33,685$31,751$29,930$28,215$26,995
7 years$30,324$28,289$26,385$24,607$22,946$21,774
8 years$26,266$24,249$22,377$20,642$19,036$17,911
9 years$23,111$21,113$19,273$17,582$16,031$14,953
10 years$20,589$18,610$16,803$15,156$13,659$12,628
11 years$18,526$16,567$14,793$13,190$11,747$10,762
12 years$16,809$14,870$13,128$11,570$10,180$9,240
13 years$15,357$13,438$11,729$10,214$8,877$7,981
14 years$14,113$12,215$10,539$9,067$7,782$6,929
15 years$13,036$11,158$9,515$8,086$6,852$6,041
16 years$12,095$10,238$8,627$7,240$6,056$5,285
17 years$11,265$9,429$7,850$6,505$5,369$4,639
18 years$10,529$8,712$7,166$5,863$4,774$4,082
19 years$9,870$8,075$6,560$5,297$4,255$3,600
20 years$9,278$7,503$6,021$4,798$3,801$3,181
21 years$8,744$6,989$5,538$4,354$3,401$2,816
22 years$8,258$6,524$5,104$3,959$3,049$2,496
23 years$7,816$6,102$4,713$3,606$2,737$2,216
24 years$7,410$5,717$4,358$3,289$2,460$1,969
25 years$7,038$5,365$4,037$3,003$2,214$1,752
26 years$6,695$5,042$3,744$2,746$1,994$1,560
27 years$6,378$4,745$3,477$2,514$1,798$1,390
28 years$6,085$4,472$3,232$2,303$1,622$1,239
29 years$5,811$4,218$3,008$2,112$1,465$1,106
30 years$5,557$3,984$2,801$1,938$1,323$987
31 years$5,320$3,766$2,612$1,780$1,196$882
32 years$5,097$3,563$2,437$1,636$1,082$788
33 years$4,889$3,375$2,275$1,504$979$704
34 years$4,693$3,198$2,126$1,384$887$630
35 years$4,509$3,034$1,987$1,274$803$564
36 years$4,336$2,879$1,859$1,173$728$504
37 years$4,172$2,735$1,740$1,081$660$451
38 years$4,017$2,599$1,630$997$598$404
39 years$3,871$2,471$1,527$919$542$362
40 years$3,732$2,351$1,431$848$492$324
41 years$3,601$2,238$1,342$782$446$290
42 years$3,476$2,132$1,259$722$405$260
43 years$3,357$2,031$1,181$666$367$233
44 years$3,244$1,936$1,109$615$334$209
45 years$3,136$1,846$1,041$568$303$187
46 years$3,033$1,761$978$525$275$168
47 years$2,935$1,681$919$485$250$150
48 years$2,841$1,604$863$448$227$135
49 years$2,751$1,532$811$414$206$121
50 years$2,665$1,464$763$383$187$108

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 $3,424 every year, while hoping to spend $48,289 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: 48/31/21 Blend
63$2,730,000$2,730,000$2,730,000$2,730,000
64$3,011,992$2,867,302$2,824,987$3,138,511
65$3,267,836$2,956,421$2,868,245$3,316,120
66$3,548,158$3,048,288$2,911,333$3,503,740
67$3,855,403$3,142,987$2,954,196$3,706,477
68$4,192,265$3,240,604$2,996,773$3,925,771
69$4,561,711$3,341,228$3,038,999$4,163,206
70$4,967,008$3,444,951$3,080,808$4,420,526
71$5,411,755$3,551,866$3,122,128$4,699,650
72$5,899,917$3,662,071$3,162,883$5,002,689
73$6,435,861$3,775,665$3,202,991$5,331,970
74$7,024,397$3,892,750$3,242,370$5,690,051
75$7,670,824$4,013,434$3,280,928$6,079,751
76$8,380,980$4,137,824$3,318,570$6,504,172
77$9,161,295$4,266,032$3,355,198$6,966,731
78$10,018,854$4,398,175$3,390,704$7,471,190
79$10,961,462$4,534,370$3,424,977$8,021,693
80$11,997,717$4,674,741$3,457,900$8,622,801
81$13,137,094$4,819,412$3,489,349$9,279,540
82$14,390,028$4,968,515$3,519,194$9,997,446
83$15,768,020$5,122,181$3,547,296$10,782,613
84$17,283,739$5,280,548$3,573,511$11,641,758
85$18,951,143$5,443,758$3,597,686$12,582,277
86$20,785,614$5,611,956$3,619,662$13,612,319
87$22,804,096$5,785,291$3,639,271$14,740,858
88$25,025,261$5,963,918$3,656,334$15,977,785
89$27,469,682$6,147,995$3,670,665$17,333,991
90$30,160,027$6,337,684$3,682,070$18,821,479
91$33,121,274$6,533,154$3,690,343$20,453,471
92$36,380,942$6,734,577$3,695,268$22,244,533
93$39,969,358$6,942,131$3,696,619$24,210,715
94$43,919,935$7,155,998$3,694,159$26,369,700
95$48,269,492$7,376,366$3,687,637$28,740,971
96$53,058,601$7,603,429$3,676,794$31,345,995
97$58,331,966$7,837,384$3,661,354$34,208,425
98$64,138,848$8,078,437$3,641,030$37,354,321
99$70,533,528$8,326,798$3,615,522$40,812,400
100$77,575,820$8,582,683$3,584,514$44,614,303