Can I retire at age 64 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$227,918$225,888$223,907$221,974$220,086$212,193
2 years$112,831$110,729$108,693$106,718$104,803$96,936
3 years$74,473$72,363$70,331$68,375$66,491$58,898
4 years$55,298$53,194$51,183$49,261$47,422$40,160
5 years$43,796$41,705$39,720$37,837$36,050$29,138
6 years$36,131$34,055$32,100$30,258$28,525$21,969
7 years$30,658$28,600$26,675$24,877$23,198$16,997
8 years$26,555$24,515$22,623$20,869$19,245$13,393
9 years$23,365$21,345$19,485$17,776$16,207$10,696
10 years$20,815$18,814$16,987$15,323$13,809$8,630
11 years$18,730$16,749$14,955$13,335$11,877$7,018
12 years$16,993$15,033$13,273$11,697$10,292$5,743
13 years$15,525$13,586$11,858$10,327$8,975$4,723
14 years$14,268$12,349$10,655$9,167$7,867$3,899
15 years$13,179$11,281$9,620$8,175$6,927$3,229
16 years$12,228$10,350$8,722$7,320$6,122$2,682
17 years$11,389$9,532$7,936$6,577$5,428$2,232
18 years$10,644$8,808$7,245$5,927$4,827$1,860
19 years$9,979$8,163$6,632$5,356$4,302$1,553
20 years$9,380$7,586$6,087$4,851$3,843$1,298
21 years$8,840$7,066$5,599$4,402$3,439$1,086
22 years$8,349$6,596$5,160$4,003$3,082$910
23 years$7,901$6,169$4,764$3,645$2,767$762
24 years$7,492$5,780$4,406$3,325$2,487$639
25 years$7,116$5,424$4,081$3,036$2,238$536
26 years$6,769$5,098$3,785$2,776$2,016$450
27 years$6,449$4,798$3,515$2,541$1,817$378
28 years$6,151$4,521$3,267$2,328$1,640$317
29 years$5,875$4,265$3,041$2,135$1,481$267
30 years$5,618$4,028$2,832$1,959$1,338$224
31 years$5,378$3,807$2,640$1,800$1,210$188
32 years$5,153$3,603$2,464$1,654$1,094$158
33 years$4,943$3,412$2,300$1,521$990$133
34 years$4,745$3,234$2,149$1,399$897$112
35 years$4,559$3,067$2,009$1,288$812$94
36 years$4,384$2,911$1,880$1,186$736$79
37 years$4,218$2,765$1,759$1,093$667$66
38 years$4,062$2,628$1,648$1,008$605$56
39 years$3,914$2,499$1,544$929$548$47
40 years$3,773$2,377$1,447$857$497$39
41 years$3,640$2,263$1,357$791$451$33
42 years$3,514$2,155$1,273$730$409$28
43 years$3,394$2,053$1,194$673$372$23
44 years$3,279$1,957$1,121$622$337$20
45 years$3,170$1,866$1,052$574$306$17
46 years$3,066$1,780$989$530$278$14
47 years$2,967$1,699$929$490$252$12
48 years$2,872$1,622$873$453$229$10
49 years$2,782$1,549$820$419$208$8
50 years$2,695$1,480$771$387$189$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,760,000, adding $6,545 every year, while hoping to spend $39,019 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: 58/14/28 Blend
63$2,760,000$2,760,000$2,760,000$2,760,000
64$3,048,271$2,901,991$2,859,211$3,201,409
65$3,317,679$3,002,673$2,913,479$3,407,733
66$3,613,258$3,106,980$2,968,257$3,627,924
67$3,937,638$3,215,050$3,023,521$3,867,220
68$4,293,713$3,327,023$3,079,245$4,127,484
69$4,684,673$3,443,048$3,135,400$4,410,767
70$5,114,030$3,563,277$3,191,956$4,719,330
71$5,585,654$3,687,871$3,248,880$5,055,658
72$6,103,808$3,816,995$3,306,135$5,422,493
73$6,673,190$3,950,820$3,363,684$5,822,848
74$7,298,972$4,089,527$3,421,484$6,260,046
75$7,986,855$4,233,303$3,479,492$6,737,745
76$8,743,120$4,382,339$3,537,660$7,259,974
77$9,574,683$4,536,839$3,595,937$7,831,169
78$10,489,169$4,697,013$3,654,269$8,456,218
79$11,494,975$4,863,077$3,712,598$9,140,504
80$12,601,355$5,035,260$3,770,862$9,889,957
81$13,818,503$5,213,798$3,828,996$10,711,109
82$15,157,652$5,398,935$3,886,929$11,611,155
83$16,631,179$5,590,929$3,944,587$12,598,023
84$18,252,719$5,790,046$4,001,891$13,680,444
85$20,037,300$5,996,561$4,058,758$14,868,040
86$22,001,476$6,210,764$4,115,098$16,171,407
87$24,163,490$6,432,955$4,170,817$17,602,224
88$26,543,442$6,663,445$4,225,815$19,173,354
89$29,163,480$6,902,561$4,279,987$20,898,972
90$32,048,009$7,150,641$4,333,221$22,794,693
91$35,223,921$7,408,037$4,385,398$24,877,723
92$38,720,846$7,675,116$4,436,395$27,167,019
93$42,571,437$7,952,261$4,486,078$29,683,470
94$46,811,671$8,239,870$4,534,310$32,450,088
95$51,481,195$8,538,357$4,580,942$35,492,234
96$56,623,694$8,848,154$4,625,821$38,837,847
97$62,287,307$9,169,710$4,668,783$42,517,716
98$68,525,082$9,503,495$4,709,656$46,565,766
99$75,395,470$9,849,995$4,748,259$51,019,375
100$82,962,883$10,209,721$4,784,401$55,919,735