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%16.5%
1 years$227,092$225,070$223,096$221,170$219,289$213,468
2 years$112,422$110,328$108,299$106,332$104,423$98,600
3 years$74,204$72,101$70,077$68,128$66,250$60,606
4 years$55,098$53,002$50,998$49,082$47,250$41,829
5 years$43,638$41,554$39,576$37,700$35,919$30,735
6 years$36,000$33,932$31,984$30,149$28,421$23,480
7 years$30,547$28,496$26,579$24,787$23,114$18,416
8 years$26,458$24,426$22,541$20,793$19,175$14,718
9 years$23,280$21,268$19,414$17,711$16,149$11,927
10 years$20,740$18,746$16,926$15,267$13,759$9,770
11 years$18,662$16,689$14,901$13,287$11,834$8,069
12 years$16,932$14,979$13,224$11,655$10,255$6,708
13 years$15,469$13,537$11,815$10,289$8,942$5,607
14 years$14,216$12,304$10,616$9,134$7,839$4,707
15 years$13,132$11,240$9,585$8,146$6,902$3,965
16 years$12,184$10,313$8,690$7,293$6,100$3,350
17 years$11,348$9,498$7,908$6,553$5,409$2,837
18 years$10,606$8,776$7,219$5,906$4,809$2,408
19 years$9,943$8,134$6,608$5,336$4,286$2,047
20 years$9,346$7,558$6,065$4,833$3,829$1,743
21 years$8,808$7,040$5,578$4,386$3,426$1,486
22 years$8,319$6,572$5,141$3,988$3,071$1,268
23 years$7,873$6,146$4,747$3,632$2,757$1,083
24 years$7,465$5,759$4,390$3,313$2,478$925
25 years$7,090$5,404$4,066$3,025$2,230$791
26 years$6,744$5,079$3,771$2,766$2,008$677
27 years$6,425$4,780$3,502$2,532$1,811$580
28 years$6,129$4,504$3,256$2,320$1,634$496
29 years$5,854$4,249$3,030$2,127$1,475$425
30 years$5,598$4,013$2,822$1,952$1,333$364
31 years$5,359$3,794$2,631$1,793$1,205$312
32 years$5,135$3,590$2,455$1,648$1,090$268
33 years$4,925$3,399$2,292$1,515$987$230
34 years$4,728$3,222$2,141$1,394$893$197
35 years$4,542$3,056$2,002$1,284$809$169
36 years$4,368$2,900$1,873$1,182$733$145
37 years$4,203$2,755$1,753$1,089$664$124
38 years$4,047$2,618$1,642$1,004$602$107
39 years$3,899$2,489$1,538$926$546$91
40 years$3,760$2,369$1,442$854$495$78
41 years$3,627$2,255$1,352$788$449$67
42 years$3,501$2,147$1,268$727$408$58
43 years$3,381$2,046$1,190$671$370$50
44 years$3,267$1,950$1,117$620$336$43
45 years$3,159$1,860$1,049$572$305$37
46 years$3,055$1,774$985$529$277$31
47 years$2,956$1,693$925$488$251$27
48 years$2,862$1,616$870$451$228$23
49 years$2,771$1,543$817$417$207$20
50 years$2,685$1,474$768$385$188$17

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 $3,515 every year, while hoping to spend $49,152 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: 38/42/20 Blend
63$2,750,000$2,750,000$2,750,000$2,750,000
64$3,034,126$2,888,376$2,845,751$3,131,108
65$3,291,309$2,977,609$2,888,786$3,290,709
66$3,573,078$3,069,567$2,931,616$3,458,179
67$3,881,888$3,164,332$2,974,181$3,638,159
68$4,220,444$3,261,987$3,016,419$3,831,804
69$4,591,724$3,362,620$3,058,264$4,040,387
70$4,999,011$3,466,318$3,099,647$4,265,306
71$5,445,916$3,573,175$3,140,491$4,508,101
72$5,936,422$3,683,283$3,180,720$4,770,463
73$6,474,913$3,796,739$3,220,250$5,054,254
74$7,066,218$3,913,643$3,258,992$5,361,522
75$7,715,659$4,034,098$3,296,855$5,694,522
76$8,429,096$4,158,209$3,333,740$6,055,734
77$9,212,986$4,286,084$3,369,543$6,447,889
78$10,074,444$4,417,835$3,404,155$6,873,992
79$11,021,305$4,553,577$3,437,462$7,337,351
80$12,062,202$4,693,426$3,469,341$7,841,610
81$13,206,648$4,837,505$3,499,665$8,390,778
82$14,465,121$4,985,938$3,528,300$8,989,270
83$15,849,168$5,138,854$3,555,102$9,641,949
84$17,371,508$5,296,383$3,579,923$10,354,169
85$19,046,158$5,458,661$3,602,606$11,131,827
86$20,888,558$5,625,828$3,622,986$11,981,416
87$22,915,724$5,798,027$3,640,889$12,910,088
88$25,146,401$5,975,403$3,656,132$13,925,721
89$27,601,246$6,158,110$3,668,524$15,036,992
90$30,303,017$6,346,301$3,677,864$16,253,458
91$33,276,792$6,540,137$3,683,939$17,585,648
92$36,550,202$6,739,781$3,686,528$19,045,160
93$40,153,693$6,945,401$3,685,398$20,644,768
94$44,120,816$7,157,171$3,680,304$22,398,548
95$48,488,535$7,375,269$3,670,991$24,322,006
96$53,297,584$7,599,876$3,657,188$26,432,223
97$58,592,848$7,831,180$3,638,614$28,748,022
98$64,423,785$8,069,374$3,614,974$31,290,135
99$70,844,893$8,314,655$3,585,957$34,081,409
100$77,916,225$8,567,226$3,551,240$37,147,014