Can I retire at age 64 with 2,800,000?

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$231,221$229,162$227,152$225,191$223,276$221,498
2 years$114,466$112,334$110,268$108,265$106,322$104,529
3 years$75,553$73,412$71,351$69,366$67,455$65,704
4 years$56,100$53,965$51,925$49,975$48,109$46,413
5 years$44,431$42,309$40,296$38,385$36,572$34,935
6 years$36,655$34,549$32,565$30,697$28,938$27,363
7 years$31,102$29,014$27,062$25,238$23,535$22,022
8 years$26,940$24,870$22,951$21,171$19,524$18,074
9 years$23,704$21,654$19,767$18,033$16,442$15,054
10 years$21,117$19,087$17,234$15,545$14,010$12,683
11 years$19,001$16,992$15,172$13,529$12,049$10,782
12 years$17,240$15,251$13,465$11,866$10,441$9,234
13 years$15,750$13,783$12,030$10,476$9,105$7,956
14 years$14,475$12,528$10,809$9,300$7,981$6,889
15 years$13,370$11,445$9,759$8,294$7,027$5,990
16 years$12,405$10,500$8,848$7,426$6,211$5,226
17 years$11,554$9,670$8,051$6,672$5,507$4,574
18 years$10,799$8,936$7,350$6,013$4,896$4,014
19 years$10,123$8,282$6,728$5,433$4,364$3,530
20 years$9,516$7,696$6,175$4,921$3,898$3,110
21 years$8,968$7,168$5,680$4,466$3,489$2,745
22 years$8,470$6,691$5,235$4,061$3,127$2,426
23 years$8,016$6,258$4,833$3,698$2,807$2,147
24 years$7,601$5,864$4,470$3,373$2,523$1,902
25 years$7,219$5,503$4,140$3,080$2,270$1,687
26 years$6,867$5,172$3,840$2,816$2,045$1,497
27 years$6,542$4,867$3,566$2,578$1,844$1,330
28 years$6,241$4,586$3,315$2,362$1,664$1,182
29 years$5,961$4,327$3,085$2,166$1,502$1,052
30 years$5,700$4,086$2,873$1,988$1,357$936
31 years$5,456$3,863$2,679$1,826$1,227$833
32 years$5,228$3,655$2,499$1,678$1,110$742
33 years$5,014$3,461$2,334$1,543$1,005$661
34 years$4,814$3,280$2,180$1,420$910$589
35 years$4,625$3,111$2,038$1,307$824$525
36 years$4,447$2,953$1,907$1,204$746$468
37 years$4,279$2,805$1,785$1,109$677$418
38 years$4,120$2,666$1,671$1,022$613$373
39 years$3,970$2,535$1,566$942$556$333
40 years$3,828$2,412$1,468$869$504$297
41 years$3,693$2,296$1,376$802$458$265
42 years$3,565$2,186$1,291$740$415$237
43 years$3,443$2,083$1,211$683$377$211
44 years$3,327$1,986$1,137$631$342$189
45 years$3,216$1,893$1,068$583$311$168
46 years$3,111$1,806$1,003$538$282$150
47 years$3,010$1,724$942$497$256$134
48 years$2,914$1,646$885$459$233$120
49 years$2,822$1,571$832$425$211$107
50 years$2,734$1,501$782$392$192$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,800,000, adding $6,091 every year, while hoping to spend $25,220 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: 72/8/20 Blend
63$2,800,000$2,800,000$2,800,000$2,800,000
64$3,091,883$2,943,483$2,900,083$3,299,160
65$3,380,421$3,060,880$2,970,402$3,555,268
66$3,697,545$3,183,184$3,042,231$3,832,069
67$4,046,143$3,310,609$3,115,595$4,134,592
68$4,429,400$3,443,378$3,190,517$4,465,386
69$4,850,820$3,581,725$3,267,021$4,827,260
70$5,314,269$3,725,895$3,345,131$5,223,303
71$5,824,002$3,876,142$3,424,871$5,656,920
72$6,384,710$4,032,732$3,506,264$6,131,859
73$7,001,560$4,195,946$3,589,333$6,652,248
74$7,680,246$4,366,074$3,674,102$7,222,634
75$8,427,040$4,543,420$3,760,594$7,848,025
76$9,248,854$4,728,304$3,848,830$8,533,936
77$10,153,304$4,921,058$3,938,833$9,286,443
78$11,148,782$5,122,031$4,030,625$10,112,237
79$12,244,534$5,331,586$4,124,227$11,018,690
80$13,450,748$5,550,105$4,219,659$12,013,921
81$14,778,649$5,777,985$4,316,943$13,106,877
82$16,240,608$6,015,643$4,416,097$14,307,410
83$17,850,255$6,263,515$4,517,141$15,626,375
84$19,622,608$6,522,054$4,620,093$17,075,732
85$21,574,218$6,791,739$4,724,970$18,668,656
86$23,723,320$7,073,066$4,831,788$20,419,660
87$26,090,010$7,366,557$4,940,564$22,344,736
88$28,696,429$7,672,757$5,051,311$24,461,502
89$31,566,978$7,992,235$5,164,044$26,789,368
90$34,728,544$8,325,589$5,278,773$29,349,720
91$38,210,754$8,673,441$5,395,511$32,166,120
92$42,046,257$9,036,445$5,514,266$35,264,530
93$46,271,028$9,415,284$5,635,047$38,673,554
94$50,924,711$9,810,671$5,757,859$42,424,708
95$56,050,992$10,223,355$5,882,708$46,552,718
96$61,698,011$10,654,116$6,009,596$51,095,846
97$67,918,814$11,103,775$6,138,524$56,096,251
98$74,771,859$11,573,186$6,269,491$61,600,387
99$82,321,563$12,063,246$6,402,493$67,659,439
100$90,638,910$12,574,893$6,537,524$74,329,807