Can I retire at age 64 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$236,176$234,072$232,020$230,017$228,060$220,407
2 years$116,919$114,741$112,631$110,585$108,600$100,965
3 years$77,172$74,985$72,880$70,853$68,900$61,524
4 years$57,302$55,122$53,038$51,045$49,140$42,078
5 years$45,383$43,216$41,159$39,208$37,356$30,626
6 years$37,440$35,289$33,263$31,355$29,558$23,168
7 years$31,769$29,636$27,642$25,779$24,039$17,986
8 years$27,517$25,403$23,442$21,625$19,943$14,222
9 years$24,212$22,118$20,191$18,420$16,794$11,400
10 years$21,569$19,496$17,603$15,878$14,310$9,233
11 years$19,408$17,356$15,497$13,819$12,307$7,538
12 years$17,609$15,578$13,753$12,121$10,665$6,193
13 years$16,088$14,078$12,288$10,701$9,300$5,113
14 years$14,785$12,796$11,041$9,499$8,152$4,239
15 years$13,657$11,690$9,968$8,471$7,178$3,526
16 years$12,671$10,725$9,038$7,585$6,344$2,941
17 years$11,802$9,878$8,224$6,815$5,625$2,458
18 years$11,030$9,127$7,507$6,142$5,001$2,059
19 years$10,340$8,459$6,873$5,550$4,458$1,727
20 years$9,720$7,861$6,307$5,026$3,982$1,450
21 years$9,160$7,322$5,802$4,562$3,563$1,219
22 years$8,651$6,835$5,347$4,148$3,194$1,025
23 years$8,188$6,392$4,937$3,777$2,867$863
24 years$7,763$5,989$4,566$3,445$2,577$727
25 years$7,374$5,621$4,229$3,146$2,319$613
26 years$7,014$5,282$3,922$2,877$2,089$517
27 years$6,682$4,971$3,642$2,633$1,883$436
28 years$6,374$4,684$3,386$2,413$1,699$368
29 years$6,088$4,419$3,151$2,212$1,534$311
30 years$5,822$4,174$2,935$2,030$1,386$262
31 years$5,573$3,945$2,736$1,865$1,253$222
32 years$5,340$3,733$2,553$1,714$1,134$187
33 years$5,122$3,535$2,384$1,576$1,026$158
34 years$4,917$3,351$2,227$1,450$929$134
35 years$4,724$3,178$2,082$1,335$841$113
36 years$4,542$3,016$1,948$1,229$762$95
37 years$4,371$2,865$1,823$1,133$691$81
38 years$4,209$2,723$1,707$1,044$626$68
39 years$4,055$2,589$1,599$963$568$58
40 years$3,910$2,463$1,499$888$515$49
41 years$3,772$2,345$1,406$819$467$41
42 years$3,641$2,233$1,319$756$424$35
43 years$3,517$2,128$1,237$698$385$29
44 years$3,398$2,028$1,162$644$349$25
45 years$3,285$1,934$1,091$595$317$21
46 years$3,177$1,845$1,024$550$288$18
47 years$3,075$1,761$962$508$262$15
48 years$2,976$1,681$904$469$238$13
49 years$2,882$1,605$850$434$216$11
50 years$2,792$1,533$799$401$196$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,860,000, adding $2,855 every year, while hoping to spend $43,006 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: 60/26/14 Blend
63$2,860,000$2,860,000$2,860,000$2,860,000
64$3,154,665$3,003,085$2,958,755$3,332,797
65$3,430,683$3,104,478$3,012,115$3,554,504
66$3,733,413$3,209,398$3,065,822$3,791,169
67$4,065,535$3,317,972$3,119,840$4,048,313
68$4,430,000$3,430,333$3,174,135$4,327,919
69$4,830,058$3,546,618$3,228,667$4,632,168
70$5,269,290$3,666,968$3,283,394$4,963,459
71$5,751,641$3,791,533$3,338,271$5,324,436
72$6,281,456$3,920,466$3,393,250$5,718,006
73$6,863,520$4,053,925$3,448,280$6,147,370
74$7,503,108$4,192,076$3,503,307$6,616,052
75$8,206,029$4,335,091$3,558,271$7,127,932
76$8,978,682$4,483,149$3,613,111$7,687,280
77$9,828,118$4,636,434$3,667,761$8,298,801
78$10,762,106$4,795,138$3,722,150$8,967,673
79$11,789,203$4,959,463$3,776,205$9,699,598
80$12,918,839$5,129,613$3,829,845$10,500,856
81$14,161,402$5,305,806$3,882,987$11,378,364
82$15,528,340$5,488,265$3,935,541$12,339,737
83$17,032,263$5,677,223$3,987,414$13,393,365
84$18,687,067$5,872,920$4,038,506$14,548,487
85$20,508,063$6,075,609$4,088,711$15,815,279
86$22,512,121$6,285,548$4,137,918$17,204,951
87$24,717,828$6,503,011$4,186,009$18,729,851
88$27,145,665$6,728,277$4,232,859$20,403,579
89$29,818,200$6,961,640$4,278,337$22,241,118
90$32,760,299$7,203,403$4,322,304$24,258,973
91$35,999,363$7,453,883$4,364,615$26,475,325
92$39,565,583$7,713,408$4,405,114$28,910,207
93$43,492,227$7,982,320$4,443,640$31,585,683
94$47,815,954$8,260,974$4,480,022$34,526,066
95$52,577,159$8,549,739$4,514,080$37,758,138
96$57,820,351$8,848,998$4,545,624$41,311,408
97$63,594,579$9,159,151$4,574,454$45,218,387
98$69,953,890$9,480,613$4,600,362$49,514,893
99$76,957,839$9,813,816$4,623,127$54,240,392
100$84,672,054$10,159,208$4,642,517$59,438,364