Can I retire at age 64 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$232,873$230,799$228,775$226,800$224,871$219,168
2 years$115,284$113,137$111,056$109,038$107,081$101,373
3 years$76,092$73,936$71,860$69,862$67,937$62,401
4 years$56,501$54,351$52,296$50,332$48,453$43,133
5 years$44,748$42,612$40,584$38,659$36,833$31,743
6 years$36,916$34,796$32,798$30,916$29,145$24,290
7 years$31,324$29,221$27,255$25,418$23,703$19,084
8 years$27,132$25,048$23,114$21,323$19,664$15,278
9 years$23,873$21,809$19,909$18,162$16,560$12,404
10 years$21,267$19,223$17,357$15,656$14,110$10,179
11 years$19,137$17,113$15,281$13,625$12,135$8,423
12 years$17,363$15,360$13,561$11,951$10,516$7,017
13 years$15,863$13,881$12,116$10,551$9,170$5,877
14 years$14,578$12,618$10,886$9,366$8,038$4,943
15 years$13,466$11,526$9,829$8,353$7,078$4,173
16 years$12,494$10,575$8,911$7,479$6,255$3,533
17 years$11,637$9,739$8,109$6,720$5,546$2,999
18 years$10,876$9,000$7,402$6,056$4,931$2,551
19 years$10,196$8,341$6,777$5,472$4,396$2,174
20 years$9,584$7,751$6,219$4,956$3,926$1,855
21 years$9,032$7,219$5,720$4,498$3,513$1,585
22 years$8,530$6,739$5,272$4,090$3,149$1,355
23 years$8,073$6,303$4,868$3,725$2,827$1,160
24 years$7,655$5,905$4,502$3,397$2,541$994
25 years$7,270$5,542$4,170$3,102$2,287$852
26 years$6,916$5,209$3,867$2,837$2,060$731
27 years$6,589$4,902$3,591$2,596$1,857$627
28 years$6,285$4,619$3,338$2,379$1,676$538
29 years$6,003$4,357$3,107$2,181$1,513$462
30 years$5,740$4,115$2,894$2,002$1,367$397
31 years$5,495$3,890$2,698$1,839$1,236$341
32 years$5,265$3,681$2,517$1,690$1,118$293
33 years$5,050$3,486$2,350$1,554$1,012$252
34 years$4,848$3,304$2,196$1,430$916$217
35 years$4,658$3,134$2,053$1,316$830$186
36 years$4,479$2,974$1,921$1,212$752$160
37 years$4,310$2,825$1,798$1,117$681$138
38 years$4,150$2,685$1,683$1,029$618$119
39 years$3,999$2,553$1,577$949$560$102
40 years$3,855$2,429$1,478$875$508$88
41 years$3,719$2,312$1,386$808$461$75
42 years$3,590$2,202$1,300$745$418$65
43 years$3,467$2,098$1,220$688$380$56
44 years$3,351$2,000$1,145$635$345$48
45 years$3,239$1,907$1,075$587$313$41
46 years$3,133$1,819$1,010$542$284$36
47 years$3,032$1,736$949$501$258$31
48 years$2,935$1,657$892$463$234$26
49 years$2,842$1,583$838$428$213$23
50 years$2,753$1,512$788$395$193$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,820,000, adding $6,283 every year, while hoping to spend $22,258 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: 69/11/20 Blend
63$2,820,000$2,820,000$2,820,000$2,820,000
64$3,114,121$2,964,661$2,920,951$3,313,234
65$3,408,079$3,086,247$2,995,120$3,568,602
66$3,731,275$3,213,045$3,071,029$3,844,736
67$4,086,667$3,345,286$3,148,710$4,146,349
68$4,477,515$3,483,214$3,228,201$4,475,954
69$4,907,412$3,627,081$3,309,535$4,836,318
70$5,380,313$3,777,153$3,392,750$5,230,490
71$5,900,579$3,933,707$3,477,881$5,661,823
72$6,473,013$4,097,035$3,564,965$6,134,012
73$7,102,909$4,267,438$3,654,040$6,651,123
74$7,796,098$4,445,235$3,745,143$7,217,636
75$8,559,007$4,630,758$3,838,312$7,838,483
76$9,398,715$4,824,354$3,933,584$8,519,096
77$10,323,023$5,026,387$4,030,999$9,265,457
78$11,340,529$5,237,238$4,130,595$10,084,153
79$12,460,704$5,457,303$4,232,411$10,982,443
80$13,693,985$5,687,001$4,336,486$11,968,317
81$15,051,874$5,926,765$4,442,860$13,050,580
82$16,547,041$6,177,053$4,551,572$14,238,928
83$18,193,451$6,438,341$4,662,662$15,544,042
84$20,006,492$6,711,128$4,776,170$16,977,689
85$22,003,118$6,995,937$4,892,136$18,552,828
86$24,202,013$7,293,315$5,010,599$20,283,739
87$26,623,764$7,603,833$5,131,600$22,186,150
88$29,291,058$7,928,091$5,255,178$24,277,388
89$32,228,894$8,266,715$5,381,374$26,576,544
90$35,464,818$8,620,361$5,510,228$29,104,647
91$39,029,187$8,989,717$5,641,778$31,884,866
92$42,955,450$9,375,499$5,776,064$34,942,729
93$47,280,469$9,778,462$5,913,125$38,306,357
94$52,044,863$10,199,392$6,053,000$42,006,737
95$57,293,390$10,639,114$6,195,727$46,078,004
96$63,075,376$11,098,490$6,341,344$50,557,773
97$69,445,173$11,578,425$6,489,888$55,487,484
98$76,462,677$12,079,864$6,641,396$60,912,798
99$84,193,891$12,603,798$6,795,903$66,884,022
100$92,711,547$13,151,263$6,953,445$73,456,590