Can I retire at age 64 with 2,850,000?

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$235,350$233,254$231,209$229,212$227,263$219,900
2 years$116,510$114,340$112,237$110,198$108,220$100,872
3 years$76,902$74,723$72,625$70,605$68,660$61,555
4 years$57,102$54,929$52,852$50,867$48,969$42,163
5 years$45,225$43,065$41,016$39,071$37,225$30,737
6 years$37,309$35,166$33,147$31,245$29,455$23,290
7 years$31,657$29,532$27,545$25,688$23,955$18,111
8 years$27,421$25,315$23,360$21,549$19,873$14,347
9 years$24,127$22,041$20,120$18,355$16,736$11,522
10 years$21,494$19,428$17,541$15,822$14,260$9,349
11 years$19,341$17,296$15,443$13,770$12,264$7,647
12 years$17,548$15,524$13,705$12,078$10,628$6,295
13 years$16,032$14,029$12,245$10,663$9,267$5,209
14 years$14,733$12,752$11,002$9,466$8,124$4,327
15 years$13,609$11,649$9,933$8,442$7,153$3,607
16 years$12,627$10,688$9,006$7,559$6,322$3,015
17 years$11,760$9,843$8,195$6,791$5,605$2,526
18 years$10,991$9,095$7,481$6,120$4,984$2,120
19 years$10,304$8,429$6,849$5,530$4,442$1,782
20 years$9,686$7,833$6,285$5,009$3,968$1,500
21 years$9,128$7,296$5,781$4,546$3,551$1,264
22 years$8,621$6,811$5,328$4,133$3,183$1,066
23 years$8,159$6,370$4,920$3,764$2,857$899
24 years$7,736$5,968$4,550$3,433$2,568$760
25 years$7,348$5,601$4,214$3,135$2,311$642
26 years$6,990$5,264$3,908$2,867$2,082$543
27 years$6,659$4,954$3,629$2,624$1,877$459
28 years$6,352$4,668$3,374$2,404$1,693$388
29 years$6,067$4,404$3,140$2,205$1,529$328
30 years$5,801$4,159$2,925$2,023$1,382$278
31 years$5,553$3,932$2,726$1,858$1,249$235
32 years$5,321$3,720$2,544$1,708$1,130$199
33 years$5,104$3,523$2,375$1,570$1,023$169
34 years$4,900$3,339$2,219$1,445$926$143
35 years$4,708$3,167$2,075$1,330$839$121
36 years$4,526$3,006$1,941$1,225$760$103
37 years$4,356$2,855$1,817$1,129$689$87
38 years$4,194$2,713$1,701$1,040$624$74
39 years$4,041$2,580$1,594$959$566$62
40 years$3,896$2,455$1,494$885$513$53
41 years$3,759$2,337$1,401$816$466$45
42 years$3,628$2,225$1,314$753$423$38
43 years$3,504$2,120$1,233$695$384$32
44 years$3,386$2,021$1,157$642$348$27
45 years$3,274$1,927$1,087$593$316$23
46 years$3,166$1,839$1,021$548$287$20
47 years$3,064$1,755$959$506$261$17
48 years$2,966$1,675$901$468$237$14
49 years$2,872$1,599$847$432$215$12
50 years$2,783$1,528$796$399$195$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,850,000, adding $3,873 every year, while hoping to spend $48,590 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: 70/11/19 Blend
63$2,850,000$2,850,000$2,850,000$2,850,000
64$3,144,695$2,993,645$2,949,470$3,350,095
65$3,413,755$3,088,634$2,996,578$3,582,490
66$3,708,630$3,186,649$3,043,635$3,830,642
67$4,031,902$3,287,787$3,090,589$4,101,045
68$4,386,416$3,392,149$3,137,384$4,395,892
69$4,775,302$3,499,836$3,183,958$4,717,599
70$5,202,011$3,610,957$3,230,249$5,068,828
71$5,670,344$3,725,620$3,276,190$5,452,510
72$6,184,484$3,843,941$3,321,707$5,871,872
73$6,749,043$3,966,036$3,366,726$6,330,470
74$7,369,100$4,092,026$3,411,166$6,832,220
75$8,050,250$4,222,038$3,454,942$7,381,436
76$8,798,657$4,356,199$3,497,964$7,982,870
77$9,621,110$4,494,643$3,540,136$8,641,758
78$10,525,091$4,637,508$3,581,358$9,363,865
79$11,518,841$4,784,936$3,621,524$10,155,545
80$12,611,440$4,937,075$3,660,522$11,023,798
81$13,812,890$5,094,075$3,698,233$11,976,333
82$15,134,213$5,256,093$3,734,532$13,021,647
83$16,587,552$5,423,291$3,769,288$14,169,100
84$18,186,285$5,595,835$3,802,363$15,429,005
85$19,945,154$5,773,899$3,833,609$16,812,723
86$21,880,399$5,957,659$3,862,875$18,332,773
87$24,009,916$6,147,300$3,889,997$20,002,951
88$26,353,421$6,343,012$3,914,805$21,838,453
89$28,932,640$6,544,990$3,937,122$23,856,028
90$31,771,512$6,753,437$3,956,758$26,074,127
91$34,896,412$6,968,561$3,973,515$28,513,083
92$38,336,405$7,190,579$3,987,187$31,195,300
93$42,123,515$7,419,714$3,997,554$34,145,465
94$46,293,028$7,656,195$4,004,387$37,390,780
95$50,883,830$7,900,261$4,007,446$40,961,220
96$55,938,763$8,152,157$4,006,479$44,889,815
97$61,505,041$8,412,136$4,001,219$49,212,962
98$67,634,685$8,680,461$3,991,390$53,970,767
99$74,385,021$8,957,401$3,976,700$59,207,425
100$81,819,216$9,243,238$3,956,843$64,971,635