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%15.1%
1 years$229,570$227,525$225,530$223,583$221,681$217,028
2 years$113,648$111,532$109,481$107,492$105,562$100,896
3 years$75,013$72,887$70,841$68,871$66,973$62,440
4 years$55,699$53,580$51,554$49,618$47,766$43,400
5 years$44,114$42,007$40,008$38,111$36,311$32,125
6 years$36,393$34,302$32,333$30,478$28,732$24,730
7 years$30,880$28,807$26,869$25,057$23,366$19,550
8 years$26,747$24,693$22,787$21,020$19,385$15,753
9 years$23,534$21,500$19,626$17,904$16,325$12,874
10 years$20,966$18,951$17,110$15,434$13,909$10,637
11 years$18,866$16,871$15,064$13,432$11,963$8,864
12 years$17,117$15,142$13,369$11,782$10,367$7,437
13 years$15,638$13,684$11,944$10,401$9,040$6,275
14 years$14,372$12,439$10,732$9,233$7,924$5,318
15 years$13,275$11,363$9,689$8,234$6,977$4,524
16 years$12,316$10,425$8,785$7,373$6,166$3,861
17 years$11,472$9,601$7,994$6,625$5,468$3,303
18 years$10,721$8,872$7,297$5,970$4,862$2,832
19 years$10,051$8,222$6,680$5,395$4,333$2,433
20 years$9,448$7,641$6,131$4,886$3,870$2,094
21 years$8,904$7,117$5,639$4,434$3,464$1,804
22 years$8,409$6,643$5,197$4,032$3,105$1,556
23 years$7,959$6,213$4,799$3,672$2,787$1,343
24 years$7,546$5,822$4,438$3,349$2,505$1,161
25 years$7,167$5,463$4,111$3,058$2,254$1,004
26 years$6,818$5,135$3,812$2,796$2,030$869
27 years$6,495$4,832$3,540$2,560$1,831$752
28 years$6,196$4,553$3,291$2,345$1,652$652
29 years$5,918$4,296$3,063$2,151$1,491$565
30 years$5,659$4,057$2,853$1,974$1,348$489
31 years$5,417$3,835$2,659$1,813$1,218$424
32 years$5,191$3,629$2,481$1,666$1,102$368
33 years$4,979$3,436$2,317$1,532$997$319
34 years$4,779$3,257$2,165$1,409$903$277
35 years$4,592$3,089$2,024$1,298$818$240
36 years$4,415$2,932$1,893$1,195$741$209
37 years$4,249$2,785$1,772$1,101$672$181
38 years$4,091$2,647$1,659$1,015$609$157
39 years$3,942$2,517$1,555$936$552$137
40 years$3,801$2,394$1,457$863$501$119
41 years$3,667$2,279$1,366$796$454$103
42 years$3,539$2,171$1,282$735$412$89
43 years$3,418$2,068$1,203$678$374$78
44 years$3,303$1,971$1,129$626$340$67
45 years$3,193$1,880$1,060$578$308$59
46 years$3,088$1,793$996$534$280$51
47 years$2,989$1,711$935$494$254$44
48 years$2,893$1,634$879$456$231$38
49 years$2,802$1,560$826$422$210$33
50 years$2,714$1,490$777$390$190$29

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 $5,833 every year, while hoping to spend $37,269 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: 31/43/26 Blend
63$2,780,000$2,780,000$2,780,000$2,780,000
64$3,069,577$2,922,237$2,879,147$3,140,048
65$3,343,020$3,025,772$2,935,944$3,298,230
66$3,643,105$3,133,132$2,993,395$3,464,686
67$3,972,510$3,244,464$3,051,483$3,643,124
68$4,334,185$3,359,922$3,110,187$3,834,615
69$4,731,381$3,479,667$3,169,487$4,040,337
70$5,167,676$3,603,866$3,229,359$4,261,581
71$5,647,015$3,732,691$3,289,778$4,499,767
72$6,173,742$3,866,324$3,350,717$4,756,453
73$6,752,643$4,004,953$3,412,146$5,033,350
74$7,388,991$4,148,774$3,474,031$5,332,340
75$8,088,595$4,297,992$3,536,338$5,655,491
76$8,857,856$4,452,817$3,599,030$6,005,073
77$9,703,824$4,613,472$3,662,064$6,383,585
78$10,634,269$4,780,187$3,725,398$6,793,774
79$11,657,750$4,953,202$3,788,984$7,238,658
80$12,783,698$5,132,766$3,852,772$7,721,559
81$14,022,503$5,319,139$3,916,708$8,246,129
82$15,385,615$5,512,593$3,980,734$8,816,387
83$16,885,647$5,713,411$4,044,789$9,436,753
84$18,536,501$5,921,885$4,108,807$10,112,090
85$20,353,489$6,138,323$4,172,717$10,847,750
86$22,353,488$6,363,043$4,236,446$11,649,622
87$24,555,091$6,596,380$4,299,914$12,524,186
88$26,978,786$6,838,678$4,363,037$13,478,576
89$29,647,148$7,090,300$4,425,725$14,520,642
90$32,585,055$7,351,622$4,487,884$15,659,029
91$35,819,915$7,623,036$4,549,414$16,903,249
92$39,381,934$7,904,952$4,610,206$18,263,777
93$43,304,393$8,197,797$4,670,150$19,752,145
94$47,623,966$8,502,013$4,729,125$21,381,050
95$52,381,065$8,818,067$4,787,005$23,164,474
96$57,620,221$9,146,439$4,843,656$25,117,811
97$63,390,503$9,487,635$4,898,939$27,258,014
98$69,745,985$9,842,179$4,952,704$29,603,752
99$76,746,250$10,210,620$5,004,794$32,175,585
100$84,456,956$10,593,530$5,055,043$34,996,159