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

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$232,873$230,799$228,775$226,800$224,871$219,613
2 years$115,284$113,137$111,056$109,038$107,081$101,814
3 years$76,092$73,936$71,860$69,862$67,937$62,825
4 years$56,501$54,351$52,296$50,332$48,453$43,535
5 years$44,748$42,612$40,584$38,659$36,833$32,124
6 years$36,916$34,796$32,798$30,916$29,145$24,649
7 years$31,324$29,221$27,255$25,418$23,703$19,420
8 years$27,132$25,048$23,114$21,323$19,664$15,593
9 years$23,873$21,809$19,909$18,162$16,560$12,698
10 years$21,267$19,223$17,357$15,656$14,110$10,452
11 years$19,137$17,113$15,281$13,625$12,135$8,677
12 years$17,363$15,360$13,561$11,951$10,516$7,252
13 years$15,863$13,881$12,116$10,551$9,170$6,094
14 years$14,578$12,618$10,886$9,366$8,038$5,144
15 years$13,466$11,526$9,829$8,353$7,078$4,358
16 years$12,494$10,575$8,911$7,479$6,255$3,703
17 years$11,637$9,739$8,109$6,720$5,546$3,154
18 years$10,876$9,000$7,402$6,056$4,931$2,693
19 years$10,196$8,341$6,777$5,472$4,396$2,303
20 years$9,584$7,751$6,219$4,956$3,926$1,973
21 years$9,032$7,219$5,720$4,498$3,513$1,692
22 years$8,530$6,739$5,272$4,090$3,149$1,453
23 years$8,073$6,303$4,868$3,725$2,827$1,248
24 years$7,655$5,905$4,502$3,397$2,541$1,074
25 years$7,270$5,542$4,170$3,102$2,287$924
26 years$6,916$5,209$3,867$2,837$2,060$796
27 years$6,589$4,902$3,591$2,596$1,857$686
28 years$6,285$4,619$3,338$2,379$1,676$591
29 years$6,003$4,357$3,107$2,181$1,513$510
30 years$5,740$4,115$2,894$2,002$1,367$440
31 years$5,495$3,890$2,698$1,839$1,236$379
32 years$5,265$3,681$2,517$1,690$1,118$327
33 years$5,050$3,486$2,350$1,554$1,012$283
34 years$4,848$3,304$2,196$1,430$916$244
35 years$4,658$3,134$2,053$1,316$830$211
36 years$4,479$2,974$1,921$1,212$752$182
37 years$4,310$2,825$1,798$1,117$681$157
38 years$4,150$2,685$1,683$1,029$618$136
39 years$3,999$2,553$1,577$949$560$117
40 years$3,855$2,429$1,478$875$508$101
41 years$3,719$2,312$1,386$808$461$87
42 years$3,590$2,202$1,300$745$418$76
43 years$3,467$2,098$1,220$688$380$65
44 years$3,351$2,000$1,145$635$345$56
45 years$3,239$1,907$1,075$587$313$49
46 years$3,133$1,819$1,010$542$284$42
47 years$3,032$1,736$949$501$258$36
48 years$2,935$1,657$892$463$234$31
49 years$2,842$1,583$838$428$213$27
50 years$2,753$1,512$788$395$193$24

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 $6,451 every year, while hoping to spend $38,802 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: 63/24/13 Blend
63$2,820,000$2,820,000$2,820,000$2,820,000
64$3,114,294$2,964,834$2,921,124$3,300,489
65$3,390,667$3,068,826$2,977,697$3,529,999
66$3,693,930$3,176,613$3,034,864$3,775,464
67$4,026,784$3,288,340$3,092,605$4,042,545
68$4,392,205$3,404,158$3,150,897$4,333,344
69$4,793,472$3,524,224$3,209,714$4,650,172
70$5,234,196$3,648,701$3,269,029$4,995,575
71$5,718,355$3,777,758$3,328,813$5,372,353
72$6,250,332$3,911,573$3,389,033$5,783,589
73$6,834,955$4,050,329$3,449,654$6,232,678
74$7,477,542$4,194,218$3,510,640$6,723,354
75$8,183,955$4,343,437$3,571,949$7,259,730
76$8,960,648$4,498,195$3,633,539$7,846,337
77$9,814,734$4,658,707$3,695,364$8,488,159
78$10,754,051$4,825,198$3,757,372$9,190,687
79$11,787,231$4,997,900$3,819,511$9,959,968
80$12,923,789$5,177,057$3,881,725$10,802,658
81$14,174,204$5,362,921$3,943,951$11,726,092
82$15,550,026$5,555,758$4,006,127$12,738,344
83$17,063,978$5,755,839$4,068,182$13,848,307
84$18,730,081$5,963,452$4,130,042$15,065,778
85$20,563,782$6,178,894$4,191,631$16,401,546
86$22,582,102$6,402,474$4,252,865$17,867,495
87$24,803,796$6,634,515$4,313,656$19,476,716
88$27,249,531$6,875,354$4,373,911$21,243,627
89$29,942,076$7,125,339$4,433,530$23,184,113
90$32,906,523$7,384,836$4,492,409$25,315,672
91$36,170,520$7,654,225$4,550,436$27,657,579
92$39,764,532$7,933,901$4,607,495$30,231,069
93$43,722,129$8,224,277$4,663,461$33,059,536
94$48,080,302$8,525,782$4,718,202$36,168,752
95$52,879,811$8,838,864$4,771,580$39,587,109
96$58,165,573$9,163,989$4,823,449$43,345,890
97$63,987,081$9,501,644$4,873,655$47,479,557
98$70,398,875$9,852,336$4,922,033$52,026,081
99$77,461,052$10,216,593$4,968,414$57,027,296
100$85,239,839$10,594,965$5,012,615$62,529,294