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

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$232,047$229,980$227,964$225,995$224,073$223,035
2 years$114,875$112,735$110,662$108,652$106,702$105,654
3 years$75,822$73,674$71,606$69,614$67,696$66,671
4 years$56,300$54,158$52,111$50,153$48,281$47,287
5 years$44,590$42,461$40,440$38,522$36,703$35,742
6 years$36,785$34,672$32,681$30,807$29,042$28,115
7 years$31,213$29,118$27,158$25,328$23,619$22,728
8 years$27,036$24,959$23,033$21,247$19,594$18,738
9 years$23,788$21,732$19,838$18,098$16,501$15,680
10 years$21,192$19,155$17,295$15,600$14,060$13,274
11 years$19,069$17,053$15,226$13,577$12,092$11,340
12 years$17,301$15,306$13,513$11,909$10,478$9,760
13 years$15,807$13,832$12,073$10,514$9,137$8,452
14 years$14,527$12,573$10,848$9,333$8,010$7,357
15 years$13,418$11,485$9,794$8,323$7,052$6,431
16 years$12,449$10,538$8,880$7,453$6,233$5,642
17 years$11,595$9,705$8,080$6,696$5,527$4,965
18 years$10,837$8,968$7,376$6,035$4,914$4,381
19 years$10,159$8,311$6,752$5,453$4,380$3,875
20 years$9,550$7,723$6,197$4,938$3,912$3,434
21 years$9,000$7,194$5,700$4,482$3,501$3,049
22 years$8,500$6,715$5,254$4,075$3,138$2,711
23 years$8,045$6,281$4,851$3,711$2,817$2,414
24 years$7,628$5,884$4,486$3,385$2,532$2,152
25 years$7,245$5,522$4,155$3,091$2,278$1,920
26 years$6,892$5,190$3,854$2,827$2,052$1,715
27 years$6,565$4,884$3,578$2,587$1,850$1,533
28 years$6,263$4,603$3,327$2,370$1,670$1,371
29 years$5,982$4,342$3,096$2,174$1,508$1,227
30 years$5,720$4,101$2,883$1,995$1,362$1,099
31 years$5,475$3,876$2,688$1,832$1,232$985
32 years$5,247$3,668$2,508$1,684$1,114$883
33 years$5,032$3,474$2,342$1,548$1,008$792
34 years$4,831$3,292$2,188$1,425$913$711
35 years$4,641$3,123$2,046$1,312$827$638
36 years$4,463$2,964$1,914$1,208$749$573
37 years$4,294$2,815$1,791$1,113$679$514
38 years$4,135$2,675$1,677$1,026$616$462
39 years$3,985$2,544$1,572$946$558$415
40 years$3,842$2,420$1,473$872$506$373
41 years$3,706$2,304$1,381$805$459$335
42 years$3,578$2,194$1,296$743$417$301
43 years$3,455$2,090$1,216$686$378$271
44 years$3,339$1,993$1,141$633$343$244
45 years$3,228$1,900$1,072$585$312$219
46 years$3,122$1,813$1,006$540$283$197
47 years$3,021$1,730$946$499$257$177
48 years$2,924$1,651$889$461$233$159
49 years$2,832$1,577$835$426$212$143
50 years$2,744$1,506$785$394$193$129

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 $4,608 every year, while hoping to spend $21,521 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: 45/33/22 Blend
63$2,810,000$2,810,000$2,810,000$2,810,000
64$3,101,373$2,952,443$2,908,888$3,221,082
65$3,394,815$3,074,215$2,983,438$3,427,624
66$3,717,467$3,201,232$3,059,763$3,649,001
67$4,072,285$3,333,729$3,137,902$3,888,639
68$4,462,527$3,471,950$3,217,891$4,148,249
69$4,891,782$3,616,153$3,299,768$4,429,707
70$5,364,005$3,766,606$3,383,571$4,735,075
71$5,883,552$3,923,588$3,469,339$5,066,621
72$6,455,224$4,087,394$3,557,112$5,426,835
73$7,084,310$4,258,330$3,646,928$5,818,455
74$7,776,639$4,436,717$3,738,830$6,244,493
75$8,538,632$4,622,892$3,832,856$6,708,259
76$9,377,365$4,817,205$3,929,049$7,213,392
77$10,300,633$5,020,026$4,027,450$7,763,895
78$11,317,029$5,231,738$4,128,100$8,364,171
79$12,436,018$5,452,745$4,231,043$9,019,065
80$13,668,030$5,683,468$4,336,321$9,733,903
81$15,024,558$5,924,347$4,443,977$10,514,548
82$16,518,268$6,175,845$4,554,056$11,367,451
83$18,163,114$6,438,444$4,666,599$12,299,708
84$19,974,474$6,712,650$4,781,652$13,319,130
85$21,969,292$6,998,992$4,899,260$14,434,314
86$24,166,241$7,298,023$5,019,466$15,654,721
87$26,585,894$7,610,324$5,142,315$16,990,765
88$29,250,926$7,936,500$5,267,853$18,453,909
89$32,186,319$8,277,187$5,396,124$20,056,773
90$35,419,603$8,633,049$5,527,174$21,813,250
91$38,981,116$9,004,782$5,661,048$23,738,635
92$42,904,288$9,393,115$5,797,792$25,849,769
93$47,225,958$9,798,809$5,937,450$28,165,193
94$51,986,718$10,222,664$6,080,067$30,705,327
95$57,231,303$10,665,514$6,225,689$33,492,651
96$63,009,007$11,128,235$6,374,361$36,551,925
97$69,374,151$11,611,743$6,526,126$39,910,414
98$76,386,593$12,116,997$6,681,030$43,598,143
99$84,112,296$12,645,001$6,839,116$47,648,182
100$92,623,951$13,196,807$7,000,427$52,096,951