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%15.8%
1 years$232,873$230,799$228,775$226,800$224,871$219,524
2 years$115,284$113,137$111,056$109,038$107,081$101,726
3 years$76,092$73,936$71,860$69,862$67,937$62,740
4 years$56,501$54,351$52,296$50,332$48,453$43,455
5 years$44,748$42,612$40,584$38,659$36,833$32,047
6 years$36,916$34,796$32,798$30,916$29,145$24,576
7 years$31,324$29,221$27,255$25,418$23,703$19,352
8 years$27,132$25,048$23,114$21,323$19,664$15,530
9 years$23,873$21,809$19,909$18,162$16,560$12,639
10 years$21,267$19,223$17,357$15,656$14,110$10,397
11 years$19,137$17,113$15,281$13,625$12,135$8,626
12 years$17,363$15,360$13,561$11,951$10,516$7,204
13 years$15,863$13,881$12,116$10,551$9,170$6,050
14 years$14,578$12,618$10,886$9,366$8,038$5,103
15 years$13,466$11,526$9,829$8,353$7,078$4,320
16 years$12,494$10,575$8,911$7,479$6,255$3,668
17 years$11,637$9,739$8,109$6,720$5,546$3,123
18 years$10,876$9,000$7,402$6,056$4,931$2,664
19 years$10,196$8,341$6,777$5,472$4,396$2,277
20 years$9,584$7,751$6,219$4,956$3,926$1,949
21 years$9,032$7,219$5,720$4,498$3,513$1,670
22 years$8,530$6,739$5,272$4,090$3,149$1,433
23 years$8,073$6,303$4,868$3,725$2,827$1,230
24 years$7,655$5,905$4,502$3,397$2,541$1,057
25 years$7,270$5,542$4,170$3,102$2,287$909
26 years$6,916$5,209$3,867$2,837$2,060$782
27 years$6,589$4,902$3,591$2,596$1,857$674
28 years$6,285$4,619$3,338$2,379$1,676$580
29 years$6,003$4,357$3,107$2,181$1,513$500
30 years$5,740$4,115$2,894$2,002$1,367$431
31 years$5,495$3,890$2,698$1,839$1,236$371
32 years$5,265$3,681$2,517$1,690$1,118$320
33 years$5,050$3,486$2,350$1,554$1,012$276
34 years$4,848$3,304$2,196$1,430$916$238
35 years$4,658$3,134$2,053$1,316$830$206
36 years$4,479$2,974$1,921$1,212$752$177
37 years$4,310$2,825$1,798$1,117$681$153
38 years$4,150$2,685$1,683$1,029$618$132
39 years$3,999$2,553$1,577$949$560$114
40 years$3,855$2,429$1,478$875$508$98
41 years$3,719$2,312$1,386$808$461$85
42 years$3,590$2,202$1,300$745$418$73
43 years$3,467$2,098$1,220$688$380$63
44 years$3,351$2,000$1,145$635$345$55
45 years$3,239$1,907$1,075$587$313$47
46 years$3,133$1,819$1,010$542$284$41
47 years$3,032$1,736$949$501$258$35
48 years$2,935$1,657$892$463$234$30
49 years$2,842$1,583$838$428$213$26
50 years$2,753$1,512$788$395$193$23

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 $4,047 every year, while hoping to spend $35,270 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: 45/34/21 Blend
63$2,820,000$2,820,000$2,820,000$2,820,000
64$3,111,814$2,962,354$2,918,644$3,232,860
65$3,391,693$3,069,983$2,978,892$3,426,016
66$3,698,936$3,181,703$3,039,976$3,631,564
67$4,036,299$3,297,678$3,101,887$3,853,747
68$4,406,815$3,418,078$3,164,614$4,094,130
69$4,813,827$3,543,080$3,228,145$4,354,429
70$5,261,016$3,672,869$3,292,466$4,636,533
71$5,752,437$3,807,638$3,357,561$4,942,520
72$6,292,560$3,947,586$3,423,413$5,274,672
73$6,886,306$4,092,923$3,490,003$5,635,501
74$7,539,099$4,243,866$3,557,308$6,027,770
75$8,256,915$4,400,643$3,625,306$6,454,517
76$9,046,336$4,563,491$3,693,969$6,919,087
77$9,914,615$4,732,654$3,763,270$7,425,157
78$10,869,744$4,908,392$3,833,177$7,976,775
79$11,920,526$5,090,972$3,903,657$8,578,397
80$13,076,664$5,280,674$3,974,674$9,234,925
81$14,348,845$5,477,788$4,046,187$9,951,754
82$15,748,847$5,682,620$4,118,154$10,734,825
83$17,289,647$5,895,486$4,190,529$11,590,676
84$18,985,542$6,116,716$4,263,264$12,526,504
85$20,852,288$6,346,655$4,336,303$13,550,233
86$22,907,244$6,585,663$4,409,592$14,670,590
87$25,169,537$6,834,116$4,483,068$15,897,179
88$27,660,247$7,092,404$4,556,667$17,240,579
89$30,402,596$7,360,936$4,630,319$18,712,438
90$33,422,176$7,640,137$4,703,951$20,325,581
91$36,747,187$7,930,453$4,777,482$22,094,135
92$40,408,701$8,232,346$4,850,829$24,033,657
93$44,440,959$8,546,301$4,923,902$26,161,278
94$48,881,690$8,872,823$4,996,605$28,495,869
95$53,772,469$9,212,439$5,068,839$31,058,213
96$59,159,111$9,565,698$5,140,495$33,871,203
97$65,092,099$9,933,176$5,211,460$36,960,053
98$71,627,062$10,315,471$5,281,613$40,352,539
99$78,825,302$10,713,208$5,350,827$44,079,254
100$86,754,369$11,127,042$5,418,966$48,173,901