Can I retire at age 64 with 2,740,000?

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 $2,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$226,267$224,251$222,285$220,366$218,491$217,479
2 years$112,013$109,927$107,905$105,945$104,044$103,022
3 years$73,934$71,839$69,822$67,880$66,010$65,010
4 years$54,898$52,809$50,812$48,904$47,079$46,109
5 years$43,479$41,403$39,433$37,563$35,788$34,851
6 years$35,869$33,809$31,867$30,039$28,318$27,415
7 years$30,436$28,392$26,482$24,697$23,030$22,161
8 years$26,362$24,337$22,459$20,718$19,106$18,271
9 years$23,196$21,190$19,344$17,647$16,090$15,290
10 years$20,664$18,678$16,864$15,212$13,709$12,943
11 years$18,594$16,628$14,847$13,239$11,790$11,058
12 years$16,870$14,924$13,176$11,612$10,217$9,517
13 years$15,413$13,487$11,772$10,252$8,910$8,242
14 years$14,165$12,260$10,577$9,100$7,810$7,174
15 years$13,084$11,199$9,550$8,116$6,877$6,271
16 years$12,139$10,275$8,658$7,267$6,078$5,501
17 years$11,307$9,463$7,879$6,529$5,389$4,842
18 years$10,567$8,744$7,192$5,884$4,792$4,272
19 years$9,906$8,104$6,584$5,317$4,271$3,779
20 years$9,312$7,531$6,043$4,815$3,815$3,349
21 years$8,776$7,015$5,558$4,370$3,414$2,973
22 years$8,288$6,548$5,123$3,974$3,060$2,643
23 years$7,844$6,124$4,730$3,619$2,747$2,354
24 years$7,438$5,738$4,374$3,301$2,469$2,098
25 years$7,064$5,385$4,052$3,014$2,222$1,872
26 years$6,720$5,061$3,758$2,756$2,001$1,672
27 years$6,402$4,763$3,489$2,523$1,804$1,495
28 years$6,107$4,488$3,244$2,311$1,628$1,337
29 years$5,833$4,234$3,019$2,120$1,470$1,197
30 years$5,577$3,998$2,812$1,945$1,328$1,072
31 years$5,339$3,780$2,621$1,787$1,201$961
32 years$5,116$3,576$2,446$1,642$1,086$861
33 years$4,907$3,387$2,284$1,510$983$772
34 years$4,711$3,210$2,134$1,389$890$693
35 years$4,526$3,045$1,995$1,279$806$622
36 years$4,352$2,890$1,866$1,178$730$558
37 years$4,187$2,745$1,747$1,085$662$501
38 years$4,032$2,608$1,636$1,000$600$450
39 years$3,885$2,480$1,532$922$544$405
40 years$3,746$2,360$1,436$851$494$364
41 years$3,614$2,246$1,347$785$448$327
42 years$3,488$2,139$1,263$724$406$294
43 years$3,369$2,038$1,185$669$369$264
44 years$3,256$1,943$1,113$617$335$237
45 years$3,147$1,853$1,045$570$304$214
46 years$3,044$1,768$981$527$276$192
47 years$2,946$1,687$922$487$251$173
48 years$2,851$1,610$866$450$228$155
49 years$2,761$1,538$814$416$207$140
50 years$2,675$1,469$766$384$188$126

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,740,000, adding $5,877 every year, while hoping to spend $50,251 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: 53/29/18 Blend
63$2,740,000$2,740,000$2,740,000$2,740,000
64$3,025,542$2,880,322$2,837,852$3,170,796
65$3,280,681$2,967,991$2,879,453$3,358,644
66$3,560,159$3,058,272$2,920,764$3,557,151
67$3,866,407$3,151,239$2,961,722$3,772,048
68$4,202,101$3,246,970$3,002,259$4,004,910
69$4,570,187$3,345,543$3,042,307$4,257,468
70$4,973,911$3,447,039$3,081,789$4,531,630
71$5,416,848$3,551,542$3,120,627$4,829,494
72$5,902,935$3,659,137$3,158,737$5,153,370
73$6,436,512$3,769,912$3,196,032$5,505,803
74$7,022,354$3,883,956$3,232,417$5,889,593
75$7,665,726$4,001,362$3,267,795$6,307,823
76$8,372,426$4,122,224$3,302,062$6,763,891
77$9,148,840$4,246,639$3,335,107$7,261,535
78$10,002,004$4,374,707$3,366,816$7,804,874
79$10,939,671$4,506,530$3,397,067$8,398,445
80$11,970,380$4,642,213$3,425,731$9,047,242
81$13,103,539$4,781,862$3,452,673$9,756,769
82$14,349,514$4,925,587$3,477,752$10,533,087
83$15,719,725$5,073,501$3,500,817$11,382,872
84$17,226,755$5,225,720$3,521,712$12,313,480
85$18,884,465$5,382,362$3,540,271$13,333,012
86$20,708,130$5,543,547$3,556,320$14,450,395
87$22,714,579$5,709,401$3,569,676$15,675,460
88$24,922,353$5,880,049$3,580,147$17,019,041
89$27,351,883$6,055,621$3,587,532$18,493,072
90$30,025,680$6,236,251$3,591,619$20,110,704
91$32,968,547$6,422,076$3,592,186$21,886,421
92$36,207,815$6,613,233$3,589,000$23,836,188
93$39,773,597$6,809,866$3,581,817$25,977,588
94$43,699,075$7,012,121$3,570,379$28,330,001
95$48,020,811$7,220,146$3,554,417$30,914,777
96$52,779,095$7,434,093$3,533,651$33,755,439
97$58,018,318$7,654,120$3,507,784$36,877,909
98$63,787,398$7,880,384$3,476,507$40,310,749
99$70,140,238$8,113,048$3,439,495$44,085,430
100$77,136,233$8,352,278$3,396,409$48,236,631