Can I retire at age 64 with 2,750,000?

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$227,092$225,070$223,096$221,170$219,289$211,005
2 years$112,422$110,328$108,299$106,332$104,423$96,174
3 years$74,204$72,101$70,077$68,128$66,250$58,295
4 years$55,098$53,002$50,998$49,082$47,250$39,649
5 years$43,638$41,554$39,576$37,700$35,919$28,691
6 years$36,000$33,932$31,984$30,149$28,421$21,573
7 years$30,547$28,496$26,579$24,787$23,114$16,643
8 years$26,458$24,426$22,541$20,793$19,175$13,075
9 years$23,280$21,268$19,414$17,711$16,149$10,410
10 years$20,740$18,746$16,926$15,267$13,759$8,373
11 years$18,662$16,689$14,901$13,287$11,834$6,787
12 years$16,932$14,979$13,224$11,655$10,255$5,535
13 years$15,469$13,537$11,815$10,289$8,942$4,536
14 years$14,216$12,304$10,616$9,134$7,839$3,732
15 years$13,132$11,240$9,585$8,146$6,902$3,080
16 years$12,184$10,313$8,690$7,293$6,100$2,548
17 years$11,348$9,498$7,908$6,553$5,409$2,113
18 years$10,606$8,776$7,219$5,906$4,809$1,755
19 years$9,943$8,134$6,608$5,336$4,286$1,460
20 years$9,346$7,558$6,065$4,833$3,829$1,215
21 years$8,808$7,040$5,578$4,386$3,426$1,013
22 years$8,319$6,572$5,141$3,988$3,071$845
23 years$7,873$6,146$4,747$3,632$2,757$705
24 years$7,465$5,759$4,390$3,313$2,478$589
25 years$7,090$5,404$4,066$3,025$2,230$492
26 years$6,744$5,079$3,771$2,766$2,008$411
27 years$6,425$4,780$3,502$2,532$1,811$344
28 years$6,129$4,504$3,256$2,320$1,634$288
29 years$5,854$4,249$3,030$2,127$1,475$241
30 years$5,598$4,013$2,822$1,952$1,333$201
31 years$5,359$3,794$2,631$1,793$1,205$169
32 years$5,135$3,590$2,455$1,648$1,090$141
33 years$4,925$3,399$2,292$1,515$987$118
34 years$4,728$3,222$2,141$1,394$893$99
35 years$4,542$3,056$2,002$1,284$809$83
36 years$4,368$2,900$1,873$1,182$733$69
37 years$4,203$2,755$1,753$1,089$664$58
38 years$4,047$2,618$1,642$1,004$602$49
39 years$3,899$2,489$1,538$926$546$41
40 years$3,760$2,369$1,442$854$495$34
41 years$3,627$2,255$1,352$788$449$29
42 years$3,501$2,147$1,268$727$408$24
43 years$3,381$2,046$1,190$671$370$20
44 years$3,267$1,950$1,117$620$336$17
45 years$3,159$1,860$1,049$572$305$14
46 years$3,055$1,774$985$529$277$12
47 years$2,956$1,693$925$488$251$10
48 years$2,862$1,616$870$451$228$8
49 years$2,771$1,543$817$417$207$7
50 years$2,685$1,474$768$385$188$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,750,000, adding $2,449 every year, while hoping to spend $48,884 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: 69/15/16 Blend
63$2,750,000$2,750,000$2,750,000$2,750,000
64$3,033,026$2,887,276$2,844,651$3,230,747
65$3,290,383$2,976,740$2,887,935$3,452,202
66$3,572,351$3,068,950$2,931,030$3,688,377
67$3,881,390$3,163,988$2,973,879$3,945,544
68$4,220,208$3,261,940$3,016,420$4,225,767
69$4,591,788$3,362,893$3,058,588$4,531,315
70$4,999,413$3,466,938$3,100,314$4,864,691
71$5,446,703$3,574,168$3,141,525$5,228,648
72$5,937,644$3,684,679$3,182,142$5,626,218
73$6,476,624$3,798,569$3,222,085$6,060,743
74$7,068,481$3,915,940$3,261,266$6,535,901
75$7,718,542$4,036,896$3,299,594$7,055,744
76$8,432,674$4,161,546$3,336,972$7,624,736
77$9,217,344$4,289,998$3,373,297$8,247,793
78$10,079,672$4,422,367$3,408,462$8,930,332
79$11,027,506$4,558,771$3,442,353$9,678,317
80$12,069,490$4,699,329$3,474,850$10,498,321
81$13,215,148$4,844,166$3,505,827$11,397,586
82$14,474,971$4,993,408$3,535,151$12,384,086
83$15,860,521$5,147,188$3,562,681$13,466,611
84$17,384,534$5,305,640$3,588,270$14,654,841
85$19,061,042$5,468,902$3,611,763$15,959,444
86$20,905,508$5,637,117$3,632,996$17,392,172
87$22,934,966$5,810,433$3,651,799$18,965,973
88$25,168,188$5,989,000$3,667,989$20,695,114
89$27,625,855$6,172,973$3,681,379$22,595,315
90$30,330,756$6,362,511$3,691,768$24,683,896
91$33,307,998$6,557,780$3,698,948$26,979,940
92$36,585,250$6,758,947$3,702,699$29,504,476
93$40,192,997$6,966,186$3,702,790$32,280,672
94$44,164,829$7,179,676$3,698,980$35,334,061
95$48,537,760$7,399,599$3,691,015$38,692,773
96$53,352,576$7,626,144$3,678,628$42,387,807
97$58,654,219$7,859,505$3,661,542$46,453,320
98$64,492,209$8,099,880$3,639,463$50,926,950
99$70,921,114$8,347,475$3,612,086$55,850,172
100$78,001,065$8,602,498$3,579,088$61,268,687