Can I retire at age 64 with 2,870,000?

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$237,002$234,891$232,831$230,821$228,858$225,252
2 years$117,328$115,143$113,025$110,972$108,980$105,356
3 years$77,441$75,247$73,135$71,101$69,141$65,613
4 years$57,502$55,314$53,223$51,224$49,312$45,906
5 years$45,542$43,367$41,303$39,345$37,486$34,212
6 years$37,571$35,413$33,379$31,464$29,662$26,524
7 years$31,880$29,739$27,738$25,869$24,123$21,122
8 years$27,613$25,492$23,524$21,701$20,012$17,147
9 years$24,296$22,196$20,261$18,484$16,853$14,123
10 years$21,645$19,564$17,664$15,933$14,360$11,763
11 years$19,476$17,417$15,551$13,867$12,350$9,883
12 years$17,671$15,632$13,802$12,163$10,702$8,362
13 years$16,144$14,127$12,331$10,738$9,332$7,116
14 years$14,837$12,841$11,079$9,532$8,181$6,084
15 years$13,705$11,731$10,003$8,501$7,203$5,222
16 years$12,715$10,763$9,069$7,612$6,366$4,497
17 years$11,843$9,912$8,253$6,839$5,645$3,884
18 years$11,068$9,159$7,534$6,163$5,019$3,362
19 years$10,376$8,489$6,897$5,569$4,473$2,916
20 years$9,754$7,888$6,329$5,044$3,996$2,534
21 years$9,192$7,347$5,822$4,578$3,576$2,205
22 years$8,682$6,859$5,366$4,162$3,205$1,921
23 years$8,216$6,415$4,954$3,791$2,877$1,675
24 years$7,791$6,010$4,582$3,457$2,586$1,463
25 years$7,399$5,640$4,244$3,157$2,327$1,278
26 years$7,039$5,301$3,936$2,887$2,096$1,117
27 years$6,706$4,989$3,655$2,642$1,890$978
28 years$6,397$4,701$3,398$2,421$1,705$856
29 years$6,110$4,435$3,162$2,220$1,540$749
30 years$5,842$4,188$2,945$2,038$1,391$657
31 years$5,592$3,959$2,746$1,871$1,258$576
32 years$5,359$3,746$2,562$1,720$1,138$505
33 years$5,140$3,548$2,392$1,581$1,030$443
34 years$4,934$3,362$2,235$1,455$932$388
35 years$4,741$3,189$2,089$1,340$844$341
36 years$4,558$3,027$1,955$1,234$765$299
37 years$4,386$2,875$1,829$1,137$693$262
38 years$4,224$2,732$1,713$1,048$629$230
39 years$4,070$2,598$1,605$966$570$202
40 years$3,924$2,472$1,504$891$517$178
41 years$3,785$2,353$1,411$822$469$156
42 years$3,654$2,241$1,323$759$426$137
43 years$3,529$2,135$1,242$700$386$120
44 years$3,410$2,035$1,166$647$351$106
45 years$3,297$1,941$1,094$597$318$93
46 years$3,188$1,851$1,028$552$289$81
47 years$3,085$1,767$966$510$262$72
48 years$2,987$1,687$907$471$238$63
49 years$2,892$1,611$853$435$216$55
50 years$2,802$1,539$802$402$197$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,870,000, adding $4,929 every year, while hoping to spend $45,064 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: 63/28/9 Blend
63$2,870,000$2,870,000$2,870,000$2,870,000
64$3,167,824$3,015,714$2,971,229$3,361,026
65$3,442,995$3,115,537$3,022,818$3,590,480
66$3,744,722$3,218,740$3,074,624$3,835,211
67$4,075,668$3,325,442$3,126,608$4,101,275
68$4,438,763$3,435,766$3,178,726$4,390,740
69$4,837,236$3,549,837$3,230,933$4,705,879
70$5,274,643$3,667,789$3,283,179$5,049,197
71$5,754,903$3,789,756$3,335,411$5,423,447
72$6,282,329$3,915,881$3,387,574$5,831,663
73$6,861,677$4,046,309$3,439,607$6,277,182
74$7,498,182$4,181,193$3,491,449$6,763,679
75$8,197,614$4,320,689$3,543,030$7,295,199
76$8,966,329$4,464,960$3,594,279$7,876,196
77$9,811,328$4,614,177$3,645,121$8,511,575
78$10,740,326$4,768,514$3,695,475$9,206,734
79$11,761,822$4,928,153$3,745,256$9,967,620
80$12,885,178$5,093,283$3,794,372$10,800,780
81$14,120,711$5,264,100$3,842,729$11,713,427
82$15,479,789$5,440,805$3,890,225$12,713,500
83$16,974,933$5,623,610$3,936,753$13,809,748
84$18,619,942$5,812,733$3,982,201$15,011,802
85$20,430,020$6,008,401$4,026,448$16,330,274
86$22,421,917$6,210,848$4,069,369$17,776,851
87$24,614,090$6,420,317$4,110,831$19,364,406
88$27,026,878$6,637,063$4,150,694$21,107,120
89$29,682,687$6,861,347$4,188,810$23,020,614
90$32,606,210$7,093,441$4,225,024$25,122,096
91$35,824,652$7,333,629$4,259,171$27,430,521
92$39,367,992$7,582,203$4,291,079$29,966,774
93$43,269,264$7,839,467$4,320,567$32,753,860
94$47,564,867$8,105,739$4,347,444$35,817,126
95$52,294,908$8,381,345$4,371,508$39,184,494
96$57,503,584$8,666,626$4,392,548$42,886,729
97$63,239,594$8,961,935$4,410,344$46,957,725
98$69,556,603$9,267,640$4,424,660$51,434,825
99$76,513,743$9,584,122$4,435,253$56,359,172
100$84,176,177$9,911,776$4,441,866$61,776,098