Can I retire at age 64 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$229,570$227,525$225,530$223,583$221,681$215,362
2 years$113,648$111,532$109,481$107,492$105,562$99,245
3 years$75,013$72,887$70,841$68,871$66,973$60,856
4 years$55,699$53,580$51,554$49,618$47,766$41,895
5 years$44,114$42,007$40,008$38,111$36,311$30,703
6 years$36,393$34,302$32,333$30,478$28,732$23,391
7 years$30,880$28,807$26,869$25,057$23,366$18,294
8 years$26,747$24,693$22,787$21,020$19,385$14,578
9 years$23,534$21,500$19,626$17,904$16,325$11,778
10 years$20,966$18,951$17,110$15,434$13,909$9,617
11 years$18,866$16,871$15,064$13,432$11,963$7,918
12 years$17,117$15,142$13,369$11,782$10,367$6,561
13 years$15,638$13,684$11,944$10,401$9,040$5,465
14 years$14,372$12,439$10,732$9,233$7,924$4,572
15 years$13,275$11,363$9,689$8,234$6,977$3,838
16 years$12,316$10,425$8,785$7,373$6,166$3,231
17 years$11,472$9,601$7,994$6,625$5,468$2,727
18 years$10,721$8,872$7,297$5,970$4,862$2,306
19 years$10,051$8,222$6,680$5,395$4,333$1,953
20 years$9,448$7,641$6,131$4,886$3,870$1,656
21 years$8,904$7,117$5,639$4,434$3,464$1,406
22 years$8,409$6,643$5,197$4,032$3,105$1,195
23 years$7,959$6,213$4,799$3,672$2,787$1,017
24 years$7,546$5,822$4,438$3,349$2,505$866
25 years$7,167$5,463$4,111$3,058$2,254$737
26 years$6,818$5,135$3,812$2,796$2,030$628
27 years$6,495$4,832$3,540$2,560$1,831$536
28 years$6,196$4,553$3,291$2,345$1,652$457
29 years$5,918$4,296$3,063$2,151$1,491$390
30 years$5,659$4,057$2,853$1,974$1,348$333
31 years$5,417$3,835$2,659$1,813$1,218$284
32 years$5,191$3,629$2,481$1,666$1,102$242
33 years$4,979$3,436$2,317$1,532$997$207
34 years$4,779$3,257$2,165$1,409$903$177
35 years$4,592$3,089$2,024$1,298$818$151
36 years$4,415$2,932$1,893$1,195$741$129
37 years$4,249$2,785$1,772$1,101$672$110
38 years$4,091$2,647$1,659$1,015$609$94
39 years$3,942$2,517$1,555$936$552$80
40 years$3,801$2,394$1,457$863$501$69
41 years$3,667$2,279$1,366$796$454$59
42 years$3,539$2,171$1,282$735$412$50
43 years$3,418$2,068$1,203$678$374$43
44 years$3,303$1,971$1,129$626$340$37
45 years$3,193$1,880$1,060$578$308$31
46 years$3,088$1,793$996$534$280$27
47 years$2,989$1,711$935$494$254$23
48 years$2,893$1,634$879$456$231$20
49 years$2,802$1,560$826$422$210$17
50 years$2,714$1,490$777$390$190$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,780,000, adding $5,887 every year, while hoping to spend $43,572 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: 64/16/20 Blend
63$2,780,000$2,780,000$2,780,000$2,780,000
64$3,069,632$2,922,292$2,879,202$3,250,074
65$3,336,375$3,019,124$2,929,295$3,468,994
66$3,628,864$3,119,241$2,979,606$3,702,600
67$3,949,681$3,222,757$3,030,096$3,956,797
68$4,301,668$3,329,791$3,080,724$4,233,600
69$4,687,955$3,440,467$3,131,444$4,535,228
70$5,111,990$3,554,914$3,182,211$4,864,125
71$5,577,570$3,673,262$3,232,973$5,222,982
72$6,088,881$3,795,651$3,283,676$5,614,762
73$6,650,532$3,922,222$3,334,264$6,042,728
74$7,267,599$4,053,124$3,384,675$6,510,473
75$7,945,677$4,188,510$3,434,844$7,021,954
76$8,690,927$4,328,538$3,484,702$7,581,531
77$9,510,138$4,473,373$3,534,176$8,194,004
78$10,410,790$4,623,186$3,583,190$8,864,661
79$11,401,123$4,778,155$3,631,659$9,599,326
80$12,490,216$4,938,463$3,679,498$10,404,416
81$13,688,071$5,104,300$3,726,614$11,286,998
82$15,005,709$5,275,865$3,772,910$12,254,857
83$16,455,271$5,453,363$3,818,282$13,316,572
84$18,050,136$5,637,005$3,862,622$14,481,590
85$19,805,046$5,827,014$3,905,816$15,760,322
86$21,736,240$6,023,618$3,947,740$17,164,235
87$23,861,616$6,227,054$3,988,269$18,705,965
88$26,200,890$6,437,569$4,027,265$20,399,433
89$28,775,790$6,655,420$4,064,588$22,259,975
90$31,610,256$6,880,871$4,100,087$24,304,490
91$34,730,667$7,114,198$4,133,605$26,551,596
92$38,166,089$7,355,687$4,164,974$29,021,807
93$41,948,550$7,605,636$4,194,021$31,737,725
94$46,113,341$7,864,351$4,220,560$34,724,256
95$50,699,352$8,132,154$4,244,399$38,008,840
96$55,749,433$8,409,377$4,265,333$41,621,713
97$61,310,803$8,696,364$4,283,149$45,596,191
98$67,435,493$8,993,474$4,297,623$49,968,985
99$74,180,837$9,301,078$4,308,517$54,780,546
100$81,610,014$9,619,563$4,315,584$60,075,446