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%16.5%
1 years$227,918$225,888$223,907$221,974$220,086$214,244
2 years$112,831$110,729$108,693$106,718$104,803$98,958
3 years$74,473$72,363$70,331$68,375$66,491$60,826
4 years$55,298$53,194$51,183$49,261$47,422$41,981
5 years$43,796$41,705$39,720$37,837$36,050$30,847
6 years$36,131$34,055$32,100$30,258$28,525$23,565
7 years$30,658$28,600$26,675$24,877$23,198$18,483
8 years$26,555$24,515$22,623$20,869$19,245$14,771
9 years$23,365$21,345$19,485$17,776$16,207$11,971
10 years$20,815$18,814$16,987$15,323$13,809$9,805
11 years$18,730$16,749$14,955$13,335$11,877$8,098
12 years$16,993$15,033$13,273$11,697$10,292$6,733
13 years$15,525$13,586$11,858$10,327$8,975$5,627
14 years$14,268$12,349$10,655$9,167$7,867$4,724
15 years$13,179$11,281$9,620$8,175$6,927$3,980
16 years$12,228$10,350$8,722$7,320$6,122$3,362
17 years$11,389$9,532$7,936$6,577$5,428$2,848
18 years$10,644$8,808$7,245$5,927$4,827$2,417
19 years$9,979$8,163$6,632$5,356$4,302$2,055
20 years$9,380$7,586$6,087$4,851$3,843$1,749
21 years$8,840$7,066$5,599$4,402$3,439$1,491
22 years$8,349$6,596$5,160$4,003$3,082$1,272
23 years$7,901$6,169$4,764$3,645$2,767$1,087
24 years$7,492$5,780$4,406$3,325$2,487$929
25 years$7,116$5,424$4,081$3,036$2,238$794
26 years$6,769$5,098$3,785$2,776$2,016$679
27 years$6,449$4,798$3,515$2,541$1,817$582
28 years$6,151$4,521$3,267$2,328$1,640$498
29 years$5,875$4,265$3,041$2,135$1,481$427
30 years$5,618$4,028$2,832$1,959$1,338$366
31 years$5,378$3,807$2,640$1,800$1,210$313
32 years$5,153$3,603$2,464$1,654$1,094$269
33 years$4,943$3,412$2,300$1,521$990$230
34 years$4,745$3,234$2,149$1,399$897$198
35 years$4,559$3,067$2,009$1,288$812$169
36 years$4,384$2,911$1,880$1,186$736$145
37 years$4,218$2,765$1,759$1,093$667$125
38 years$4,062$2,628$1,648$1,008$605$107
39 years$3,914$2,499$1,544$929$548$92
40 years$3,773$2,377$1,447$857$497$79
41 years$3,640$2,263$1,357$791$451$68
42 years$3,514$2,155$1,273$730$409$58
43 years$3,394$2,053$1,194$673$372$50
44 years$3,279$1,957$1,121$622$337$43
45 years$3,170$1,866$1,052$574$306$37
46 years$3,066$1,780$989$530$278$31
47 years$2,967$1,699$929$490$252$27
48 years$2,872$1,622$873$453$229$23
49 years$2,782$1,549$820$419$208$20
50 years$2,695$1,480$771$387$189$17

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 $4,584 every year, while hoping to spend $20,361 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: 62/30/8 Blend
63$2,760,000$2,760,000$2,760,000$2,760,000
64$3,046,248$2,899,968$2,857,188$3,229,790
65$3,335,302$3,020,403$2,931,240$3,473,434
66$3,653,156$3,146,056$3,007,090$3,736,474
67$4,002,728$3,277,163$3,084,778$4,023,055
68$4,387,230$3,413,967$3,164,341$4,335,451
69$4,810,202$3,556,726$3,245,822$4,676,166
70$5,275,545$3,705,708$3,329,259$5,047,952
71$5,787,555$3,861,193$3,414,694$5,453,838
72$6,350,969$4,023,475$3,502,170$5,897,153
73$6,971,004$4,192,861$3,591,728$6,381,564
74$7,653,407$4,369,672$3,683,411$6,911,103
75$8,404,513$4,554,244$3,777,264$7,490,206
76$9,231,301$4,746,930$3,873,331$8,123,757
77$10,141,462$4,948,098$3,971,656$8,817,130
78$11,143,470$5,158,133$4,072,284$9,576,239
79$12,246,661$5,377,438$4,175,263$10,407,595
80$13,461,323$5,606,436$4,280,637$11,318,364
81$14,798,795$5,845,569$4,388,456$12,316,435
82$16,271,568$6,095,297$4,498,765$13,410,493
83$17,893,408$6,356,107$4,611,613$14,610,099
84$19,679,483$6,628,503$4,727,049$15,925,780
85$21,646,507$6,913,017$4,845,122$17,369,128
86$23,812,899$7,210,202$4,965,882$18,952,905
87$26,198,953$7,520,642$5,089,378$20,691,164
88$28,827,036$7,844,942$5,215,661$22,599,382
89$31,721,790$8,183,741$5,344,783$24,694,602
90$34,910,372$8,537,704$5,476,793$26,995,592
91$38,422,708$8,907,529$5,611,743$29,523,021
92$42,291,774$9,293,948$5,749,686$32,299,656
93$46,553,908$9,697,724$5,890,674$35,350,569
94$51,249,154$10,119,660$6,034,758$38,703,376
95$56,421,637$10,560,593$6,181,992$42,388,493
96$62,119,983$11,021,401$6,332,428$46,439,425
97$68,397,775$11,503,004$6,486,119$50,893,075
98$75,314,061$12,006,364$6,643,117$55,790,095
99$82,933,910$12,532,490$6,803,475$61,175,264
100$91,329,024$13,082,437$6,967,247$67,097,909