Can I retire at age 64 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$228,744$226,706$224,719$222,778$220,884$214,414
2 years$113,240$111,131$109,087$107,105$105,183$98,718
3 years$74,743$72,625$70,586$68,623$66,732$60,474
4 years$55,499$53,387$51,369$49,439$47,594$41,590
5 years$43,955$41,856$39,864$37,974$36,180$30,447
6 years$36,262$34,179$32,216$30,368$28,628$23,171
7 years$30,769$28,703$26,772$24,967$23,282$18,102
8 years$26,651$24,604$22,705$20,944$19,315$14,407
9 years$23,450$21,422$19,556$17,840$16,266$11,626
10 years$20,890$18,883$17,049$15,378$13,859$9,481
11 years$18,798$16,810$15,010$13,384$11,920$7,796
12 years$17,055$15,088$13,321$11,739$10,329$6,452
13 years$15,582$13,635$11,901$10,364$9,007$5,367
14 years$14,320$12,394$10,693$9,200$7,896$4,484
15 years$13,227$11,322$9,655$8,205$6,952$3,759
16 years$12,272$10,388$8,753$7,347$6,144$3,160
17 years$11,430$9,567$7,965$6,601$5,448$2,662
18 years$10,683$8,840$7,271$5,949$4,844$2,248
19 years$10,015$8,193$6,656$5,375$4,318$1,901
20 years$9,414$7,613$6,109$4,868$3,857$1,610
21 years$8,872$7,091$5,619$4,418$3,451$1,365
22 years$8,379$6,620$5,179$4,017$3,093$1,158
23 years$7,930$6,191$4,782$3,659$2,777$984
24 years$7,519$5,801$4,422$3,337$2,496$836
25 years$7,141$5,444$4,096$3,047$2,246$711
26 years$6,794$5,116$3,799$2,786$2,023$605
27 years$6,472$4,815$3,527$2,550$1,824$515
28 years$6,174$4,537$3,279$2,337$1,646$438
29 years$5,897$4,280$3,052$2,143$1,486$373
30 years$5,639$4,042$2,842$1,967$1,343$318
31 years$5,398$3,821$2,650$1,806$1,214$271
32 years$5,172$3,616$2,472$1,660$1,098$231
33 years$4,961$3,424$2,309$1,526$994$197
34 years$4,762$3,245$2,157$1,404$900$168
35 years$4,575$3,078$2,017$1,293$815$143
36 years$4,399$2,922$1,886$1,191$738$122
37 years$4,233$2,775$1,766$1,097$669$104
38 years$4,076$2,637$1,654$1,011$607$89
39 years$3,928$2,508$1,549$932$550$76
40 years$3,787$2,386$1,452$860$499$65
41 years$3,653$2,271$1,362$793$453$55
42 years$3,527$2,163$1,277$732$411$47
43 years$3,406$2,061$1,198$676$373$40
44 years$3,291$1,964$1,125$624$338$34
45 years$3,182$1,873$1,056$576$307$29
46 years$3,077$1,787$992$532$279$25
47 years$2,978$1,705$932$492$253$21
48 years$2,883$1,628$876$455$230$18
49 years$2,792$1,555$823$420$209$15
50 years$2,704$1,485$774$388$190$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,770,000, adding $6,709 every year, while hoping to spend $51,241 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: 40/41/19 Blend
63$2,770,000$2,770,000$2,770,000$2,770,000
64$3,059,460$2,912,650$2,869,715$3,164,358
65$3,317,005$3,000,850$2,911,331$3,328,122
66$3,599,102$3,091,654$2,952,623$3,499,748
67$3,908,202$3,185,137$2,993,527$3,684,356
68$4,247,002$3,281,372$3,033,974$3,883,155
69$4,618,476$3,380,438$3,073,891$4,097,472
70$5,025,895$3,482,415$3,113,201$4,328,772
71$5,472,866$3,587,382$3,151,823$4,578,661
72$5,963,359$3,695,425$3,189,669$4,848,909
73$6,501,748$3,806,627$3,226,650$5,141,463
74$7,092,852$3,921,078$3,262,669$5,458,467
75$7,741,979$4,038,866$3,297,624$5,802,278
76$8,454,974$4,160,085$3,331,408$6,175,493
77$9,238,280$4,284,827$3,363,908$6,580,969
78$10,098,991$4,413,190$3,395,006$7,021,852
79$11,044,924$4,545,272$3,424,575$7,501,606
80$12,084,691$4,681,176$3,452,483$8,024,044
81$13,227,780$4,821,004$3,478,592$8,593,367
82$14,484,643$4,964,862$3,502,754$9,214,199
83$15,866,797$5,112,861$3,524,816$9,891,633
84$17,386,929$5,265,109$3,544,616$10,631,277
85$19,059,018$5,421,722$3,561,983$11,439,311
86$20,898,467$5,582,816$3,576,739$12,322,537
87$22,922,246$5,748,509$3,588,695$13,288,451
88$25,149,053$5,918,924$3,597,654$14,345,309
89$27,599,489$6,094,184$3,603,408$15,502,204
90$30,296,255$6,274,417$3,605,740$16,769,156
91$33,264,361$6,459,752$3,604,421$18,157,200
92$36,531,368$6,650,322$3,599,211$19,678,494
93$40,127,642$6,846,262$3,589,859$21,346,434
94$44,086,644$7,047,711$3,576,101$23,175,777
95$48,445,241$7,254,809$3,557,661$25,182,781
96$53,244,062$7,467,700$3,534,248$27,385,358
97$58,527,870$7,686,531$3,505,560$29,803,247
98$64,345,993$7,911,452$3,471,277$32,458,191
99$70,752,786$8,142,615$3,431,066$35,374,152
100$77,808,142$8,380,175$3,384,579$38,577,528