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%12%
1 years$228,744$226,706$224,719$222,778$220,884$219,033
2 years$113,240$111,131$109,087$107,105$105,183$103,317
3 years$74,743$72,625$70,586$68,623$66,732$64,910
4 years$55,499$53,387$51,369$49,439$47,594$45,829
5 years$43,955$41,856$39,864$37,974$36,180$34,478
6 years$36,262$34,179$32,216$30,368$28,628$26,990
7 years$30,769$28,703$26,772$24,967$23,282$21,710
8 years$26,651$24,604$22,705$20,944$19,315$17,808
9 years$23,450$21,422$19,556$17,840$16,266$14,824
10 years$20,890$18,883$17,049$15,378$13,859$12,481
11 years$18,798$16,810$15,010$13,384$11,920$10,605
12 years$17,055$15,088$13,321$11,739$10,329$9,076
13 years$15,582$13,635$11,901$10,364$9,007$7,814
14 years$14,320$12,394$10,693$9,200$7,896$6,762
15 years$13,227$11,322$9,655$8,205$6,952$5,875
16 years$12,272$10,388$8,753$7,347$6,144$5,123
17 years$11,430$9,567$7,965$6,601$5,448$4,481
18 years$10,683$8,840$7,271$5,949$4,844$3,929
19 years$10,015$8,193$6,656$5,375$4,318$3,453
20 years$9,414$7,613$6,109$4,868$3,857$3,040
21 years$8,872$7,091$5,619$4,418$3,451$2,681
22 years$8,379$6,620$5,179$4,017$3,093$2,368
23 years$7,930$6,191$4,782$3,659$2,777$2,094
24 years$7,519$5,801$4,422$3,337$2,496$1,854
25 years$7,141$5,444$4,096$3,047$2,246$1,643
26 years$6,794$5,116$3,799$2,786$2,023$1,457
27 years$6,472$4,815$3,527$2,550$1,824$1,293
28 years$6,174$4,537$3,279$2,337$1,646$1,149
29 years$5,897$4,280$3,052$2,143$1,486$1,021
30 years$5,639$4,042$2,842$1,967$1,343$908
31 years$5,398$3,821$2,650$1,806$1,214$807
32 years$5,172$3,616$2,472$1,660$1,098$718
33 years$4,961$3,424$2,309$1,526$994$640
34 years$4,762$3,245$2,157$1,404$900$570
35 years$4,575$3,078$2,017$1,293$815$507
36 years$4,399$2,922$1,886$1,191$738$452
37 years$4,233$2,775$1,766$1,097$669$403
38 years$4,076$2,637$1,654$1,011$607$359
39 years$3,928$2,508$1,549$932$550$320
40 years$3,787$2,386$1,452$860$499$286
41 years$3,653$2,271$1,362$793$453$255
42 years$3,527$2,163$1,277$732$411$227
43 years$3,406$2,061$1,198$676$373$203
44 years$3,291$1,964$1,125$624$338$181
45 years$3,182$1,873$1,056$576$307$161
46 years$3,077$1,787$992$532$279$144
47 years$2,978$1,705$932$492$253$128
48 years$2,883$1,628$876$455$230$115
49 years$2,792$1,555$823$420$209$102
50 years$2,704$1,485$774$388$190$91

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 $3,779 every year, while hoping to spend $54,608 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: 46/38/16 Blend
63$2,770,000$2,770,000$2,770,000$2,770,000
64$3,056,438$2,909,628$2,866,693$3,182,965
65$3,310,092$2,994,097$2,904,625$3,355,887
66$3,587,789$3,080,875$2,941,997$3,537,558
67$3,891,923$3,170,018$2,978,733$3,733,472
68$4,225,131$3,261,581$3,014,753$3,944,975
69$4,590,318$3,355,621$3,049,970$4,173,548
70$4,990,681$3,452,198$3,084,296$4,420,821
71$5,429,745$3,551,370$3,117,634$4,688,588
72$5,911,389$3,653,197$3,149,884$4,978,822
73$6,439,886$3,757,739$3,180,941$5,293,697
74$7,019,944$3,865,058$3,210,693$5,635,606
75$7,656,749$3,975,217$3,239,021$6,007,182
76$8,356,012$4,088,277$3,265,803$6,411,326
77$9,124,026$4,204,303$3,290,908$6,851,232
78$9,967,722$4,323,359$3,314,198$7,330,416
79$10,894,735$4,445,509$3,335,530$7,852,751
80$11,913,479$4,570,820$3,354,751$8,422,502
81$13,033,220$4,699,356$3,371,701$9,044,368
82$14,264,168$4,831,185$3,386,213$9,723,522
83$15,617,572$4,966,372$3,398,110$10,465,666
84$17,105,825$5,104,984$3,407,207$11,277,076
85$18,742,581$5,247,090$3,413,310$12,164,669
86$20,542,882$5,392,755$3,416,214$13,136,064
87$22,523,304$5,542,048$3,415,705$14,199,655
88$24,702,107$5,695,035$3,411,558$15,364,689
89$27,099,414$5,851,783$3,403,537$16,641,353
90$29,737,393$6,012,360$3,391,394$18,040,872
91$32,640,472$6,176,830$3,374,870$19,575,611
92$35,835,565$6,345,260$3,353,694$21,259,197
93$39,352,330$6,517,715$3,327,580$23,106,641
94$43,223,444$6,694,259$3,296,230$25,134,484
95$47,484,911$6,874,954$3,259,330$27,360,954
96$52,176,408$7,059,863$3,216,553$29,806,131
97$57,341,651$7,249,045$3,167,557$32,492,145
98$63,028,811$7,442,560$3,111,981$35,443,379
99$69,290,968$7,640,464$3,049,451$38,686,701
100$76,186,611$7,842,811$2,979,572$42,251,718