Can I retire at age 64 with 2,890,000?

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 $2,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$238,653$236,528$234,454$232,429$230,453$224,245
2 years$118,145$115,945$113,812$111,745$109,739$103,530
3 years$77,981$75,771$73,644$71,596$69,623$63,606
4 years$57,903$55,700$53,594$51,581$49,656$43,877
5 years$45,859$43,669$41,591$39,619$37,748$32,223
6 years$37,833$35,659$33,612$31,684$29,868$24,603
7 years$32,102$29,947$27,932$26,049$24,291$19,286
8 years$27,805$25,670$23,688$21,852$20,152$15,404
9 years$24,466$22,350$20,403$18,613$16,971$12,476
10 years$21,795$19,701$17,788$16,044$14,460$10,213
11 years$19,612$17,538$15,660$13,964$12,436$8,429
12 years$17,794$15,741$13,898$12,248$10,777$7,004
13 years$16,257$14,226$12,417$10,813$9,398$5,850
14 years$14,940$12,931$11,156$9,599$8,238$4,907
15 years$13,800$11,812$10,073$8,560$7,253$4,131
16 years$12,804$10,838$9,132$7,665$6,410$3,488
17 years$11,925$9,981$8,310$6,887$5,684$2,952
18 years$11,146$9,223$7,586$6,206$5,054$2,503
19 years$10,449$8,548$6,945$5,608$4,505$2,127
20 years$9,822$7,943$6,374$5,079$4,024$1,809
21 years$9,256$7,399$5,862$4,610$3,601$1,541
22 years$8,742$6,906$5,403$4,191$3,228$1,314
23 years$8,274$6,459$4,989$3,817$2,897$1,121
24 years$7,845$6,052$4,614$3,481$2,604$957
25 years$7,451$5,679$4,273$3,179$2,343$818
26 years$7,088$5,338$3,963$2,907$2,111$699
27 years$6,752$5,024$3,680$2,661$1,903$598
28 years$6,441$4,734$3,421$2,438$1,717$512
29 years$6,152$4,466$3,184$2,236$1,551$438
30 years$5,883$4,217$2,966$2,052$1,401$375
31 years$5,631$3,987$2,765$1,884$1,267$321
32 years$5,396$3,772$2,580$1,732$1,146$275
33 years$5,176$3,572$2,409$1,593$1,037$236
34 years$4,968$3,386$2,250$1,465$939$202
35 years$4,774$3,211$2,104$1,349$850$173
36 years$4,590$3,048$1,968$1,242$770$148
37 years$4,417$2,895$1,842$1,145$698$127
38 years$4,253$2,751$1,725$1,055$633$109
39 years$4,098$2,616$1,616$973$574$93
40 years$3,951$2,489$1,515$897$521$80
41 years$3,812$2,369$1,421$828$472$69
42 years$3,679$2,257$1,332$764$429$59
43 years$3,554$2,150$1,250$705$389$51
44 years$3,434$2,049$1,174$651$353$43
45 years$3,320$1,954$1,102$601$321$37
46 years$3,211$1,864$1,035$555$291$32
47 years$3,107$1,779$972$513$264$27
48 years$3,007$1,698$914$474$240$23
49 years$2,913$1,622$859$438$218$20
50 years$2,822$1,549$808$405$198$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,890,000, adding $5,422 every year, while hoping to spend $34,543 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: 64/12/24 Blend
63$2,890,000$2,890,000$2,890,000$2,890,000
64$3,190,373$3,037,203$2,992,408$3,374,223
65$3,479,037$3,149,272$3,055,900$3,611,022
66$3,795,988$3,265,675$3,120,361$3,865,295
67$4,144,073$3,386,588$3,185,788$4,142,336
68$4,526,431$3,512,194$3,252,175$4,444,381
69$4,946,520$3,642,683$3,319,515$4,773,890
70$5,408,146$3,778,256$3,387,800$5,133,573
71$5,915,507$3,919,120$3,457,021$5,526,413
72$6,473,223$4,065,492$3,527,166$5,955,694
73$7,086,389$4,217,598$3,598,223$6,425,033
74$7,760,613$4,375,673$3,670,176$6,938,414
75$8,502,078$4,539,963$3,743,009$7,500,221
76$9,317,594$4,710,725$3,816,704$8,115,288
77$10,214,663$4,888,226$3,891,238$8,788,934
78$11,201,554$5,072,744$3,966,590$9,527,019
79$12,287,376$5,264,572$4,042,734$10,335,998
80$13,482,164$5,464,011$4,119,641$11,222,981
81$14,796,977$5,671,380$4,197,281$12,195,800
82$16,243,999$5,887,008$4,275,621$13,263,081
83$17,836,655$6,111,241$4,354,623$14,434,327
84$19,589,740$6,344,437$4,434,248$15,720,008
85$21,519,552$6,586,973$4,514,455$17,131,656
86$23,644,053$6,839,241$4,595,195$18,681,976
87$25,983,031$7,101,649$4,676,419$20,384,966
88$28,558,295$7,374,625$4,758,074$22,256,045
89$31,393,874$7,658,614$4,840,102$24,312,204
90$34,516,244$7,954,081$4,922,440$26,572,159
91$37,954,582$8,261,512$5,005,023$29,056,532
92$41,741,038$8,581,414$5,087,780$31,788,046
93$45,911,037$8,914,317$5,170,634$34,791,731
94$50,503,618$9,260,773$5,253,505$38,095,172
95$55,561,795$9,621,360$5,336,306$41,728,758
96$61,132,971$9,996,680$5,418,945$45,725,973
97$67,269,380$10,387,362$5,501,325$50,123,711
98$74,028,578$10,794,065$5,583,341$54,962,625
99$81,473,993$11,217,474$5,664,883$60,287,507
100$89,675,517$11,658,307$5,745,834$66,147,712