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%17.4%
1 years$232,873$230,799$228,775$226,800$224,871$218,109
2 years$115,284$113,137$111,056$109,038$107,081$100,326
3 years$76,092$73,936$71,860$69,862$67,937$61,400
4 years$56,501$54,351$52,296$50,332$48,453$42,184
5 years$44,748$42,612$40,584$38,659$36,833$30,850
6 years$36,916$34,796$32,798$30,916$29,145$23,452
7 years$31,324$29,221$27,255$25,418$23,703$18,300
8 years$27,132$25,048$23,114$21,323$19,664$14,548
9 years$23,873$21,809$19,909$18,162$16,560$11,726
10 years$21,267$19,223$17,357$15,656$14,110$9,551
11 years$19,137$17,113$15,281$13,625$12,135$7,843
12 years$17,363$15,360$13,561$11,951$10,516$6,482
13 years$15,863$13,881$12,116$10,551$9,170$5,385
14 years$14,578$12,618$10,886$9,366$8,038$4,492
15 years$13,466$11,526$9,829$8,353$7,078$3,760
16 years$12,494$10,575$8,911$7,479$6,255$3,157
17 years$11,637$9,739$8,109$6,720$5,546$2,656
18 years$10,876$9,000$7,402$6,056$4,931$2,239
19 years$10,196$8,341$6,777$5,472$4,396$1,891
20 years$9,584$7,751$6,219$4,956$3,926$1,599
21 years$9,032$7,219$5,720$4,498$3,513$1,353
22 years$8,530$6,739$5,272$4,090$3,149$1,147
23 years$8,073$6,303$4,868$3,725$2,827$972
24 years$7,655$5,905$4,502$3,397$2,541$825
25 years$7,270$5,542$4,170$3,102$2,287$701
26 years$6,916$5,209$3,867$2,837$2,060$595
27 years$6,589$4,902$3,591$2,596$1,857$506
28 years$6,285$4,619$3,338$2,379$1,676$430
29 years$6,003$4,357$3,107$2,181$1,513$366
30 years$5,740$4,115$2,894$2,002$1,367$311
31 years$5,495$3,890$2,698$1,839$1,236$265
32 years$5,265$3,681$2,517$1,690$1,118$225
33 years$5,050$3,486$2,350$1,554$1,012$192
34 years$4,848$3,304$2,196$1,430$916$163
35 years$4,658$3,134$2,053$1,316$830$139
36 years$4,479$2,974$1,921$1,212$752$118
37 years$4,310$2,825$1,798$1,117$681$101
38 years$4,150$2,685$1,683$1,029$618$86
39 years$3,999$2,553$1,577$949$560$73
40 years$3,855$2,429$1,478$875$508$62
41 years$3,719$2,312$1,386$808$461$53
42 years$3,590$2,202$1,300$745$418$45
43 years$3,467$2,098$1,220$688$380$38
44 years$3,351$2,000$1,145$635$345$33
45 years$3,239$1,907$1,075$587$313$28
46 years$3,133$1,819$1,010$542$284$24
47 years$3,032$1,736$949$501$258$20
48 years$2,935$1,657$892$463$234$17
49 years$2,842$1,583$838$428$213$15
50 years$2,753$1,512$788$395$193$12

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 $3,159 every year, while hoping to spend $32,444 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: 59/20/21 Blend
63$2,820,000$2,820,000$2,820,000$2,820,000
64$3,110,899$2,961,439$2,917,729$3,276,952
65$3,393,690$3,072,029$2,980,952$3,500,651
66$3,704,239$3,186,951$3,045,207$3,740,703
67$4,045,342$3,306,382$3,110,492$4,001,794
68$4,420,081$3,430,509$3,176,807$4,285,965
69$4,831,849$3,559,524$3,244,151$4,595,464
70$5,284,387$3,693,630$3,312,519$4,932,764
71$5,781,815$3,833,038$3,381,908$5,300,586
72$6,328,670$3,977,966$3,452,312$5,701,927
73$6,929,953$4,128,645$3,523,723$6,140,085
74$7,591,173$4,285,314$3,596,133$6,618,689
75$8,318,400$4,448,222$3,669,531$7,141,737
76$9,118,322$4,617,630$3,743,906$7,713,628
77$9,998,307$4,793,810$3,819,242$8,339,207
78$10,966,472$4,977,044$3,895,524$9,023,808
79$12,031,762$5,167,630$3,972,735$9,773,306
80$13,204,034$5,365,875$4,050,853$10,594,170
81$14,494,146$5,572,104$4,129,857$11,493,521
82$15,914,063$5,786,651$4,209,722$12,479,206
83$17,476,969$6,009,869$4,290,419$13,559,864
84$19,197,391$6,242,124$4,371,920$14,745,010
85$21,091,337$6,483,800$4,454,191$16,045,125
86$23,176,443$6,735,295$4,537,196$17,471,754
87$25,472,144$6,997,029$4,620,896$19,037,611
88$27,999,855$7,269,436$4,705,248$20,756,702
89$30,783,174$7,552,972$4,790,207$22,644,456
90$33,848,102$7,848,112$4,875,724$24,717,868
91$37,223,292$8,155,352$4,961,744$26,995,659
92$40,940,315$8,475,213$5,048,210$29,498,454
93$45,033,963$8,808,234$5,135,061$32,248,973
94$49,542,572$9,154,982$5,222,230$35,272,246
95$54,508,386$9,516,047$5,309,646$38,595,849
96$59,977,955$9,892,048$5,397,234$42,250,160
97$66,002,577$10,283,628$5,484,911$46,268,651
98$72,638,776$10,691,463$5,572,592$50,688,194
99$79,948,842$11,116,255$5,660,185$55,549,418
100$88,001,414$11,558,741$5,747,590$60,897,083