Can I retire at age 64 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$230,396$228,343$226,341$224,387$222,479$220,799
2 years$114,057$111,933$109,874$107,878$105,942$104,249
3 years$75,283$73,149$71,096$69,119$67,214$65,559
4 years$55,899$53,773$51,740$49,796$47,938$46,334
5 years$44,272$42,158$40,152$38,248$36,441$34,894
6 years$36,524$34,425$32,449$30,587$28,835$27,346
7 years$30,991$28,910$26,965$25,148$23,450$22,020
8 years$26,843$24,782$22,869$21,096$19,454$18,083
9 years$23,619$21,577$19,697$17,969$16,383$15,070
10 years$21,041$19,019$17,172$15,489$13,960$12,704
11 years$18,933$16,931$15,118$13,480$12,006$10,807
12 years$17,178$15,197$13,417$11,824$10,404$9,261
13 years$15,694$13,733$11,987$10,439$9,072$7,984
14 years$14,423$12,483$10,770$9,266$7,953$6,918
15 years$13,323$11,404$9,724$8,264$7,002$6,019
16 years$12,361$10,463$8,816$7,400$6,189$5,255
17 years$11,513$9,636$8,023$6,648$5,487$4,603
18 years$10,760$8,904$7,324$5,992$4,879$4,042
19 years$10,087$8,252$6,704$5,414$4,349$3,557
20 years$9,482$7,668$6,153$4,903$3,884$3,136
21 years$8,936$7,143$5,660$4,450$3,476$2,770
22 years$8,440$6,667$5,216$4,046$3,116$2,450
23 years$7,987$6,236$4,816$3,685$2,797$2,170
24 years$7,573$5,843$4,454$3,361$2,514$1,924
25 years$7,193$5,483$4,125$3,069$2,262$1,708
26 years$6,843$5,153$3,826$2,806$2,038$1,517
27 years$6,519$4,850$3,553$2,569$1,837$1,349
28 years$6,218$4,570$3,303$2,354$1,658$1,200
29 years$5,939$4,311$3,074$2,158$1,497$1,068
30 years$5,679$4,071$2,863$1,981$1,353$951
31 years$5,436$3,849$2,669$1,819$1,223$847
32 years$5,209$3,642$2,490$1,672$1,106$755
33 years$4,996$3,449$2,325$1,537$1,001$674
34 years$4,797$3,269$2,173$1,415$906$601
35 years$4,608$3,100$2,031$1,302$821$536
36 years$4,431$2,943$1,900$1,199$744$478
37 years$4,264$2,795$1,778$1,105$674$427
38 years$4,106$2,656$1,665$1,018$611$381
39 years$3,956$2,526$1,560$939$554$341
40 years$3,814$2,403$1,463$866$503$304
41 years$3,680$2,287$1,371$799$456$272
42 years$3,552$2,178$1,286$738$414$243
43 years$3,431$2,076$1,207$681$376$217
44 years$3,315$1,978$1,133$629$341$194
45 years$3,205$1,887$1,064$581$309$173
46 years$3,100$1,800$999$536$281$155
47 years$2,999$1,718$939$495$255$138
48 years$2,903$1,640$882$458$232$124
49 years$2,812$1,566$829$423$210$111
50 years$2,724$1,496$780$391$191$99

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,790,000, adding $6,947 every year, while hoping to spend $28,794 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: 39/48/13 Blend
63$2,790,000$2,790,000$2,790,000$2,790,000
64$3,081,746$2,933,876$2,890,631$3,189,624
65$3,365,447$3,046,999$2,956,830$3,379,965
66$3,677,121$3,164,700$3,024,283$3,582,309
67$4,019,591$3,287,174$3,092,999$3,800,463
68$4,395,965$3,414,621$3,162,990$4,035,866
69$4,809,670$3,547,255$3,234,268$4,290,100
70$5,264,481$3,685,295$3,306,840$4,564,899
71$5,764,556$3,828,972$3,380,717$4,862,167
72$6,314,475$3,978,526$3,455,906$5,183,996
73$6,919,288$4,134,210$3,532,415$5,532,683
74$7,584,554$4,296,285$3,610,250$5,910,751
75$8,316,402$4,465,027$3,689,416$6,320,972
76$9,121,583$4,640,721$3,769,919$6,766,393
77$10,007,534$4,823,666$3,851,762$7,250,361
78$10,982,453$5,014,176$3,934,946$7,776,558
79$12,055,369$5,212,576$4,019,472$8,349,028
80$13,236,232$5,419,208$4,105,340$8,972,221
81$14,536,007$5,634,428$4,192,548$9,651,027
82$15,966,774$5,858,609$4,281,092$10,390,825
83$17,541,843$6,092,140$4,370,968$11,197,531
84$19,275,884$6,335,427$4,462,168$12,077,655
85$21,185,057$6,588,896$4,554,683$13,038,353
86$23,287,171$6,852,990$4,648,503$14,087,503
87$25,601,850$7,128,174$4,743,616$15,233,770
88$28,150,716$7,414,932$4,840,005$16,486,690
89$30,957,598$7,713,773$4,937,653$17,856,757
90$34,048,750$8,025,225$5,036,542$19,355,518
91$37,453,104$8,349,842$5,136,648$20,995,684
92$41,202,541$8,688,205$5,237,946$22,791,246
93$45,332,191$9,040,917$5,340,407$24,757,601
94$49,880,765$9,408,613$5,444,002$26,911,704
95$54,890,921$9,791,954$5,548,694$29,272,215
96$60,409,667$10,191,631$5,654,447$31,859,681
97$66,488,800$10,608,368$5,761,219$34,696,723
98$73,185,402$11,042,922$5,868,963$37,808,247
99$80,562,371$11,496,084$5,977,632$41,221,679
100$88,689,022$11,968,680$6,087,171$44,967,217