Can I retire at age 64 with 2,880,000?

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$237,828$235,709$233,642$231,625$229,655$223,379
2 years$117,736$115,544$113,419$111,358$109,360$103,082
3 years$77,711$75,509$73,389$71,348$69,382$63,300
4 years$57,703$55,507$53,409$51,402$49,484$43,644
5 years$45,701$43,518$41,447$39,482$37,617$32,035
6 years$37,702$35,536$33,496$31,574$29,765$24,447
7 years$31,991$29,843$27,835$25,959$24,207$19,152
8 years$27,709$25,581$23,606$21,776$20,082$15,288
9 years$24,381$22,273$20,332$18,548$16,912$12,375
10 years$21,720$19,632$17,726$15,989$14,410$10,123
11 years$19,544$17,478$15,606$13,915$12,393$8,350
12 years$17,732$15,687$13,850$12,205$10,739$6,933
13 years$16,200$14,176$12,374$10,776$9,365$5,787
14 years$14,888$12,886$11,118$9,565$8,209$4,851
15 years$13,752$11,772$10,038$8,531$7,228$4,081
16 years$12,759$10,800$9,101$7,638$6,388$3,443
17 years$11,884$9,947$8,281$6,863$5,664$2,912
18 years$11,107$9,191$7,560$6,185$5,036$2,468
19 years$10,413$8,518$6,921$5,589$4,489$2,095
20 years$9,788$7,916$6,351$5,062$4,010$1,781
21 years$9,224$7,373$5,842$4,594$3,588$1,516
22 years$8,712$6,882$5,384$4,177$3,216$1,291
23 years$8,245$6,437$4,972$3,804$2,887$1,101
24 years$7,818$6,031$4,598$3,469$2,595$939
25 years$7,425$5,660$4,259$3,168$2,335$802
26 years$7,063$5,319$3,950$2,897$2,103$685
27 years$6,729$5,006$3,668$2,652$1,896$586
28 years$6,419$4,717$3,409$2,429$1,711$501
29 years$6,131$4,450$3,173$2,228$1,545$428
30 years$5,862$4,203$2,955$2,045$1,396$366
31 years$5,612$3,973$2,755$1,878$1,262$313
32 years$5,377$3,759$2,571$1,726$1,142$268
33 years$5,158$3,560$2,400$1,587$1,033$230
34 years$4,951$3,374$2,243$1,460$936$197
35 years$4,757$3,200$2,097$1,344$847$168
36 years$4,574$3,038$1,961$1,238$768$144
37 years$4,401$2,885$1,836$1,141$696$123
38 years$4,238$2,742$1,719$1,051$631$106
39 years$4,084$2,607$1,611$969$572$91
40 years$3,937$2,480$1,510$894$519$78
41 years$3,799$2,361$1,416$825$471$66
42 years$3,667$2,249$1,328$761$427$57
43 years$3,541$2,143$1,246$703$388$49
44 years$3,422$2,042$1,170$649$352$42
45 years$3,308$1,948$1,098$599$319$36
46 years$3,200$1,858$1,031$554$290$31
47 years$3,096$1,773$969$511$263$26
48 years$2,997$1,693$911$473$239$23
49 years$2,902$1,616$856$437$217$19
50 years$2,812$1,544$805$404$197$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,880,000, adding $2,701 every year, while hoping to spend $46,586 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: 54/21/25 Blend
63$2,880,000$2,880,000$2,880,000$2,880,000
64$3,176,546$3,023,906$2,979,266$3,325,998
65$3,450,987$3,122,510$3,029,504$3,527,874
66$3,751,859$3,224,385$3,079,864$3,742,486
67$4,081,809$3,329,641$3,130,301$3,975,170
68$4,443,754$3,438,393$3,180,765$4,227,674
69$4,840,902$3,550,760$3,231,207$4,501,922
70$5,276,793$3,666,866$3,281,571$4,800,032
71$5,755,321$3,786,837$3,331,799$5,124,335
72$6,280,778$3,910,807$3,381,829$5,477,399
73$6,857,892$4,038,911$3,431,594$5,862,049
74$7,491,871$4,171,291$3,481,026$6,281,399
75$8,188,451$4,308,094$3,530,050$6,738,874
76$8,953,953$4,449,471$3,578,587$7,238,251
77$9,795,341$4,595,579$3,626,554$7,783,686
78$10,720,284$4,746,581$3,673,862$8,379,756
79$11,737,235$4,902,646$3,720,419$9,031,504
80$12,855,505$5,063,947$3,766,124$9,744,484
81$14,085,352$5,230,666$3,810,875$10,524,813
82$15,438,079$5,402,989$3,854,560$11,379,232
83$16,926,139$5,581,112$3,897,064$12,315,162
84$18,563,252$5,765,233$3,938,262$13,340,781
85$20,364,536$5,955,562$3,978,027$14,465,098
86$22,346,647$6,152,313$4,016,220$15,698,038
87$24,527,940$6,355,711$4,052,697$17,050,533
88$26,928,635$6,565,986$4,087,308$18,534,631
89$29,571,014$6,783,378$4,119,892$20,163,601
90$32,479,630$7,008,136$4,150,280$21,952,066
91$35,681,534$7,240,517$4,178,296$23,916,135
92$39,206,535$7,480,787$4,203,754$26,073,557
93$43,087,480$7,729,223$4,226,457$28,443,890
94$47,360,559$7,986,111$4,246,200$31,048,679
95$52,065,655$8,251,750$4,262,767$33,911,669
96$57,246,711$8,526,445$4,275,929$37,059,017
97$62,952,152$8,810,517$4,285,449$40,519,550
98$69,235,335$9,104,296$4,291,075$44,325,027
99$76,155,058$9,408,125$4,292,545$48,510,447
100$83,776,111$9,722,360$4,289,582$53,114,371