Can I retire at age 64 with 2,810,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$232,047$229,980$227,964$225,995$224,073$221,826
2 years$114,875$112,735$110,662$108,652$106,702$104,438
3 years$75,822$73,674$71,606$69,614$67,696$65,486
4 years$56,300$54,158$52,111$50,153$48,281$46,142
5 years$44,590$42,461$40,440$38,522$36,703$34,641
6 years$36,785$34,672$32,681$30,807$29,042$27,060
7 years$31,213$29,118$27,158$25,328$23,619$21,718
8 years$27,036$24,959$23,033$21,247$19,594$17,774
9 years$23,788$21,732$19,838$18,098$16,501$14,761
10 years$21,192$19,155$17,295$15,600$14,060$12,398
11 years$19,069$17,053$15,226$13,577$12,092$10,508
12 years$17,301$15,306$13,513$11,909$10,478$8,971
13 years$15,807$13,832$12,073$10,514$9,137$7,704
14 years$14,527$12,573$10,848$9,333$8,010$6,649
15 years$13,418$11,485$9,794$8,323$7,052$5,761
16 years$12,449$10,538$8,880$7,453$6,233$5,010
17 years$11,595$9,705$8,080$6,696$5,527$4,370
18 years$10,837$8,968$7,376$6,035$4,914$3,821
19 years$10,159$8,311$6,752$5,453$4,380$3,348
20 years$9,550$7,723$6,197$4,938$3,912$2,939
21 years$9,000$7,194$5,700$4,482$3,501$2,584
22 years$8,500$6,715$5,254$4,075$3,138$2,276
23 years$8,045$6,281$4,851$3,711$2,817$2,006
24 years$7,628$5,884$4,486$3,385$2,532$1,771
25 years$7,245$5,522$4,155$3,091$2,278$1,564
26 years$6,892$5,190$3,854$2,827$2,052$1,383
27 years$6,565$4,884$3,578$2,587$1,850$1,224
28 years$6,263$4,603$3,327$2,370$1,670$1,083
29 years$5,982$4,342$3,096$2,174$1,508$960
30 years$5,720$4,101$2,883$1,995$1,362$850
31 years$5,475$3,876$2,688$1,832$1,232$754
32 years$5,247$3,668$2,508$1,684$1,114$669
33 years$5,032$3,474$2,342$1,548$1,008$593
34 years$4,831$3,292$2,188$1,425$913$527
35 years$4,641$3,123$2,046$1,312$827$468
36 years$4,463$2,964$1,914$1,208$749$415
37 years$4,294$2,815$1,791$1,113$679$369
38 years$4,135$2,675$1,677$1,026$616$328
39 years$3,985$2,544$1,572$946$558$291
40 years$3,842$2,420$1,473$872$506$259
41 years$3,706$2,304$1,381$805$459$230
42 years$3,578$2,194$1,296$743$417$204
43 years$3,455$2,090$1,216$686$378$182
44 years$3,339$1,993$1,141$633$343$162
45 years$3,228$1,900$1,072$585$312$144
46 years$3,122$1,813$1,006$540$283$128
47 years$3,021$1,730$946$499$257$114
48 years$2,924$1,651$889$461$233$101
49 years$2,832$1,577$835$426$212$90
50 years$2,744$1,506$785$394$193$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,810,000, adding $5,306 every year, while hoping to spend $45,185 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: 47/32/21 Blend
63$2,810,000$2,810,000$2,810,000$2,810,000
64$3,102,093$2,953,163$2,909,608$3,229,116
65$3,370,430$3,049,792$2,959,004$3,415,039
66$3,664,623$3,149,641$3,008,539$3,611,788
67$3,987,262$3,252,820$3,058,172$3,824,414
68$4,341,198$3,359,444$3,107,857$4,054,420
69$4,729,574$3,469,630$3,157,544$4,303,464
70$5,155,850$3,583,501$3,207,180$4,573,367
71$5,623,837$3,701,183$3,256,712$4,866,135
72$6,137,735$3,822,808$3,306,078$5,183,974
73$6,702,169$3,948,511$3,355,217$5,529,310
74$7,322,234$4,078,432$3,404,061$5,904,817
75$8,003,544$4,212,717$3,452,539$6,313,434
76$8,752,283$4,351,517$3,500,576$6,758,400
77$9,575,262$4,494,988$3,548,092$7,243,278
78$10,479,989$4,643,292$3,595,003$7,771,991
79$11,474,731$4,796,597$3,641,218$8,348,859
80$12,568,599$4,955,076$3,686,645$8,978,640
81$13,771,630$5,118,908$3,731,181$9,666,569
82$15,094,882$5,288,281$3,774,722$10,418,416
83$16,550,541$5,463,388$3,817,156$11,240,530
84$18,152,031$5,644,428$3,858,365$12,139,908
85$19,914,142$5,831,609$3,898,224$13,124,253
86$21,853,172$6,025,146$3,936,603$14,202,049
87$23,987,080$6,225,262$3,973,363$15,382,643
88$26,335,649$6,432,187$4,008,358$16,676,329
89$28,920,682$6,646,161$4,041,435$18,094,445
90$31,766,200$6,867,431$4,072,432$19,649,481
91$34,898,673$7,096,256$4,101,179$21,355,198
92$38,347,267$7,332,901$4,127,497$23,226,751
93$42,144,118$7,577,643$4,151,198$25,280,838
94$46,324,639$7,830,769$4,172,084$27,535,854
95$50,927,850$8,092,575$4,189,947$30,012,064
96$55,996,749$8,363,370$4,204,569$32,731,795
97$61,578,715$8,643,472$4,215,719$35,719,643
98$67,725,956$8,933,214$4,223,158$39,002,709
99$74,496,001$9,232,939$4,226,631$42,610,849
100$81,952,244$9,543,004$4,225,874$46,576,961