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

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$237,002$234,891$232,831$230,821$228,858$220,213
2 years$117,328$115,143$113,025$110,972$108,980$100,370
3 years$77,441$75,247$73,135$71,101$69,141$60,838
4 years$57,502$55,314$53,223$51,224$49,312$41,379
5 years$45,542$43,367$41,303$39,345$37,486$29,943
6 years$37,571$35,413$33,379$31,464$29,662$22,514
7 years$31,880$29,739$27,738$25,869$24,123$17,369
8 years$27,613$25,492$23,524$21,701$20,012$13,645
9 years$24,296$22,196$20,261$18,484$16,853$10,865
10 years$21,645$19,564$17,664$15,933$14,360$8,738
11 years$19,476$17,417$15,551$13,867$12,350$7,083
12 years$17,671$15,632$13,802$12,163$10,702$5,777
13 years$16,144$14,127$12,331$10,738$9,332$4,734
14 years$14,837$12,841$11,079$9,532$8,181$3,895
15 years$13,705$11,731$10,003$8,501$7,203$3,214
16 years$12,715$10,763$9,069$7,612$6,366$2,660
17 years$11,843$9,912$8,253$6,839$5,645$2,205
18 years$11,068$9,159$7,534$6,163$5,019$1,831
19 years$10,376$8,489$6,897$5,569$4,473$1,523
20 years$9,754$7,888$6,329$5,044$3,996$1,268
21 years$9,192$7,347$5,822$4,578$3,576$1,057
22 years$8,682$6,859$5,366$4,162$3,205$882
23 years$8,216$6,415$4,954$3,791$2,877$736
24 years$7,791$6,010$4,582$3,457$2,586$615
25 years$7,399$5,640$4,244$3,157$2,327$514
26 years$7,039$5,301$3,936$2,887$2,096$429
27 years$6,706$4,989$3,655$2,642$1,890$359
28 years$6,397$4,701$3,398$2,421$1,705$300
29 years$6,110$4,435$3,162$2,220$1,540$251
30 years$5,842$4,188$2,945$2,038$1,391$210
31 years$5,592$3,959$2,746$1,871$1,258$176
32 years$5,359$3,746$2,562$1,720$1,138$147
33 years$5,140$3,548$2,392$1,581$1,030$123
34 years$4,934$3,362$2,235$1,455$932$103
35 years$4,741$3,189$2,089$1,340$844$86
36 years$4,558$3,027$1,955$1,234$765$72
37 years$4,386$2,875$1,829$1,137$693$61
38 years$4,224$2,732$1,713$1,048$629$51
39 years$4,070$2,598$1,605$966$570$42
40 years$3,924$2,472$1,504$891$517$36
41 years$3,785$2,353$1,411$822$469$30
42 years$3,654$2,241$1,323$759$426$25
43 years$3,529$2,135$1,242$700$386$21
44 years$3,410$2,035$1,166$647$351$17
45 years$3,297$1,941$1,094$597$318$15
46 years$3,188$1,851$1,028$552$289$12
47 years$3,085$1,767$966$510$262$10
48 years$2,987$1,687$907$471$238$9
49 years$2,892$1,611$853$435$216$7
50 years$2,802$1,539$802$402$197$6

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 $3,761 every year, while hoping to spend $33,117 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: 62/16/22 Blend
63$2,870,000$2,870,000$2,870,000$2,870,000
64$3,166,619$3,014,509$2,970,024$3,344,506
65$3,454,378$3,126,984$3,034,284$3,577,672
66$3,770,379$3,243,860$3,099,586$3,828,127
67$4,117,466$3,365,318$3,165,931$4,100,832
68$4,498,776$3,491,547$3,233,318$4,397,958
69$4,917,761$3,622,742$3,301,744$4,721,899
70$5,378,226$3,759,110$3,371,206$5,075,287
71$5,884,362$3,900,864$3,441,698$5,461,021
72$6,440,787$4,048,226$3,513,215$5,882,292
73$7,052,588$4,201,430$3,585,749$6,342,613
74$7,725,371$4,360,719$3,659,290$6,845,853
75$8,465,310$4,526,345$3,733,828$7,396,270
76$9,279,209$4,698,574$3,809,349$7,998,556
77$10,174,565$4,877,681$3,885,839$8,657,874
78$11,159,637$5,063,953$3,963,280$9,379,912
79$12,243,525$5,257,692$4,041,655$10,170,936
80$13,436,256$5,459,211$4,120,942$11,037,842
81$14,748,879$5,668,836$4,201,118$11,988,230
82$16,193,565$5,886,910$4,282,157$13,030,468
83$17,783,730$6,113,789$4,364,029$14,173,774
84$19,534,151$6,349,846$4,446,705$15,428,302
85$21,461,114$6,595,468$4,530,150$16,805,235
86$23,582,564$6,851,062$4,614,326$18,316,895
87$25,918,273$7,117,052$4,699,193$19,976,851
88$28,490,028$7,393,878$4,784,707$21,800,055
89$31,321,837$7,682,004$4,870,821$23,802,977
90$34,440,154$7,981,912$4,957,483$26,003,760
91$37,874,129$8,294,106$5,044,638$28,422,393
92$41,655,884$8,619,110$5,132,227$31,080,898
93$45,820,813$8,957,476$5,220,186$34,003,536
94$50,407,920$9,309,776$5,308,447$37,217,037
95$55,460,184$9,676,611$5,396,935$40,750,849
96$61,024,964$10,058,607$5,485,574$44,637,418
97$67,154,449$10,456,417$5,574,279$48,912,492
98$73,906,146$10,870,725$5,662,962$53,615,458
99$81,343,429$11,302,246$5,751,526$58,789,713
100$89,536,128$11,751,725$5,839,871$64,483,070