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%12.1%
1 years$227,918$225,888$223,907$221,974$220,086$218,151
2 years$112,831$110,729$108,693$106,718$104,803$102,853
3 years$74,473$72,363$70,331$68,375$66,491$64,587
4 years$55,298$53,194$51,183$49,261$47,422$45,578
5 years$43,796$41,705$39,720$37,837$36,050$34,271
6 years$36,131$34,055$32,100$30,258$28,525$26,814
7 years$30,658$28,600$26,675$24,877$23,198$21,556
8 years$26,555$24,515$22,623$20,869$19,245$17,672
9 years$23,365$21,345$19,485$17,776$16,207$14,702
10 years$20,815$18,814$16,987$15,323$13,809$12,371
11 years$18,730$16,749$14,955$13,335$11,877$10,504
12 years$16,993$15,033$13,273$11,697$10,292$8,985
13 years$15,525$13,586$11,858$10,327$8,975$7,731
14 years$14,268$12,349$10,655$9,167$7,867$6,685
15 years$13,179$11,281$9,620$8,175$6,927$5,805
16 years$12,228$10,350$8,722$7,320$6,122$5,058
17 years$11,389$9,532$7,936$6,577$5,428$4,421
18 years$10,644$8,808$7,245$5,927$4,827$3,874
19 years$9,979$8,163$6,632$5,356$4,302$3,402
20 years$9,380$7,586$6,087$4,851$3,843$2,993
21 years$8,840$7,066$5,599$4,402$3,439$2,637
22 years$8,349$6,596$5,160$4,003$3,082$2,328
23 years$7,901$6,169$4,764$3,645$2,767$2,057
24 years$7,492$5,780$4,406$3,325$2,487$1,820
25 years$7,116$5,424$4,081$3,036$2,238$1,611
26 years$6,769$5,098$3,785$2,776$2,016$1,428
27 years$6,449$4,798$3,515$2,541$1,817$1,266
28 years$6,151$4,521$3,267$2,328$1,640$1,124
29 years$5,875$4,265$3,041$2,135$1,481$998
30 years$5,618$4,028$2,832$1,959$1,338$887
31 years$5,378$3,807$2,640$1,800$1,210$788
32 years$5,153$3,603$2,464$1,654$1,094$701
33 years$4,943$3,412$2,300$1,521$990$623
34 years$4,745$3,234$2,149$1,399$897$555
35 years$4,559$3,067$2,009$1,288$812$494
36 years$4,384$2,911$1,880$1,186$736$439
37 years$4,218$2,765$1,759$1,093$667$391
38 years$4,062$2,628$1,648$1,008$605$349
39 years$3,914$2,499$1,544$929$548$310
40 years$3,773$2,377$1,447$857$497$277
41 years$3,640$2,263$1,357$791$451$246
42 years$3,514$2,155$1,273$730$409$220
43 years$3,394$2,053$1,194$673$372$196
44 years$3,279$1,957$1,121$622$337$174
45 years$3,170$1,866$1,052$574$306$156
46 years$3,066$1,780$989$530$278$139
47 years$2,967$1,699$929$490$252$124
48 years$2,872$1,622$873$453$229$110
49 years$2,782$1,549$820$419$208$98
50 years$2,695$1,480$771$387$189$88

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 $5,726 every year, while hoping to spend $26,008 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: 40/32/28 Blend
63$2,760,000$2,760,000$2,760,000$2,760,000
64$3,047,426$2,901,146$2,858,366$3,143,927
65$3,330,592$3,015,630$2,926,449$3,329,090
66$3,641,768$3,134,852$2,995,941$3,526,444
67$3,983,785$3,259,017$3,066,862$3,739,467
68$4,359,761$3,388,338$3,139,232$3,969,611
69$4,773,129$3,523,039$3,213,069$4,218,470
70$5,227,674$3,663,354$3,288,392$4,487,797
71$5,727,565$3,809,527$3,365,222$4,779,515
72$6,277,394$3,961,811$3,443,575$5,095,742
73$6,882,224$4,120,475$3,523,469$5,438,803
74$7,547,629$4,285,796$3,604,923$5,811,253
75$8,279,752$4,458,066$3,687,954$6,215,904
76$9,085,364$4,637,588$3,772,577$6,655,846
77$9,971,922$4,824,681$3,858,810$7,134,479
78$10,947,644$5,019,676$3,946,666$7,655,540
79$12,021,585$5,222,922$4,036,161$8,223,143
80$13,203,723$5,434,781$4,127,308$8,841,811
81$14,505,051$5,655,634$4,220,121$9,516,522
82$15,937,682$5,885,876$4,314,611$10,252,751
83$17,514,965$6,125,923$4,410,790$11,056,526
84$19,251,608$6,376,210$4,508,668$11,934,478
85$21,163,816$6,637,189$4,608,253$12,893,907
86$23,269,450$6,909,335$4,709,553$13,942,845
87$25,588,185$7,193,144$4,812,575$15,090,135
88$28,141,708$7,489,136$4,917,324$16,345,512
89$30,953,910$7,797,852$5,023,803$17,719,691
90$34,051,123$8,119,860$5,132,014$19,224,469
91$37,462,358$8,455,754$5,241,957$20,872,835
92$41,219,587$8,806,155$5,353,631$22,679,088
93$45,358,040$9,171,711$5,467,032$24,658,977
94$49,916,537$9,553,102$5,582,155$26,829,839
95$54,937,859$9,951,039$5,698,992$29,210,768
96$60,469,145$10,366,264$5,817,533$31,822,791
97$66,562,343$10,799,556$5,937,765$34,689,063
98$73,274,695$11,251,727$6,059,673$37,835,085
99$80,669,281$11,723,629$6,183,240$41,288,944
100$88,815,612$12,216,152$6,308,443$45,081,573