Can I retire at age 64 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$239,479$237,346$235,265$233,234$231,250$224,387
2 years$118,554$116,346$114,206$112,132$110,119$103,261
3 years$78,251$76,033$73,899$71,844$69,864$63,227
4 years$58,103$55,893$53,780$51,759$49,828$43,461
5 years$46,018$43,821$41,735$39,756$37,878$31,801
6 years$37,964$35,783$33,728$31,793$29,972$24,188
7 years$32,213$30,050$28,028$26,139$24,375$18,885
8 years$27,902$25,759$23,770$21,927$20,221$15,022
9 years$24,550$22,428$20,473$18,677$17,029$12,115
10 years$21,871$19,769$17,849$16,100$14,510$9,874
11 years$19,680$17,599$15,714$14,012$12,479$8,113
12 years$17,855$15,796$13,946$12,290$10,814$6,710
13 years$16,313$14,275$12,460$10,850$9,430$5,578
14 years$14,992$12,975$11,195$9,632$8,266$4,657
15 years$13,848$11,853$10,108$8,590$7,278$3,901
16 years$12,848$10,875$9,164$7,691$6,433$3,277
17 years$11,967$10,016$8,339$6,911$5,704$2,759
18 years$11,184$9,255$7,612$6,228$5,071$2,328
19 years$10,485$8,577$6,969$5,627$4,520$1,967
20 years$9,856$7,970$6,396$5,097$4,038$1,665
21 years$9,288$7,424$5,883$4,626$3,613$1,410
22 years$8,772$6,930$5,422$4,206$3,239$1,196
23 years$8,302$6,482$5,006$3,830$2,907$1,015
24 years$7,872$6,073$4,630$3,493$2,613$862
25 years$7,477$5,699$4,288$3,190$2,351$732
26 years$7,112$5,356$3,977$2,917$2,118$623
27 years$6,776$5,041$3,693$2,670$1,910$530
28 years$6,463$4,750$3,433$2,446$1,723$451
29 years$6,173$4,481$3,195$2,243$1,556$383
30 years$5,903$4,232$2,976$2,059$1,406$326
31 years$5,651$4,001$2,774$1,891$1,271$278
32 years$5,415$3,785$2,588$1,738$1,150$237
33 years$5,193$3,585$2,417$1,598$1,040$202
34 years$4,986$3,398$2,258$1,470$942$172
35 years$4,790$3,223$2,111$1,354$853$146
36 years$4,606$3,059$1,975$1,247$773$125
37 years$4,432$2,905$1,849$1,149$701$106
38 years$4,268$2,761$1,731$1,059$635$91
39 years$4,112$2,625$1,622$976$576$77
40 years$3,965$2,498$1,520$900$522$66
41 years$3,825$2,378$1,425$831$474$56
42 years$3,692$2,264$1,337$767$430$48
43 years$3,566$2,157$1,255$708$390$41
44 years$3,446$2,056$1,178$653$354$35
45 years$3,331$1,961$1,106$603$322$30
46 years$3,222$1,871$1,039$557$292$25
47 years$3,118$1,785$976$515$265$21
48 years$3,018$1,704$917$476$241$18
49 years$2,923$1,628$862$440$219$16
50 years$2,831$1,555$810$406$199$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,900,000, adding $6,136 every year, while hoping to spend $47,249 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: 56/24/20 Blend
63$2,900,000$2,900,000$2,900,000$2,900,000
64$3,202,129$3,048,429$3,003,479$3,363,911
65$3,478,474$3,147,530$3,053,823$3,574,083
66$3,781,422$3,249,903$3,104,270$3,797,359
67$4,113,638$3,355,658$3,154,774$4,039,563
68$4,478,054$3,464,911$3,205,284$4,302,525
69$4,877,903$3,577,779$3,255,748$4,588,258
70$5,316,744$3,694,385$3,306,111$4,898,977
71$5,798,497$3,814,855$3,356,311$5,237,123
72$6,327,482$3,939,321$3,406,285$5,605,379
73$6,908,455$4,067,918$3,455,966$6,006,703
74$7,546,659$4,200,787$3,505,282$6,444,349
75$8,247,866$4,338,073$3,554,157$6,921,902
76$9,018,436$4,479,927$3,602,509$7,443,307
77$9,865,377$4,626,504$3,650,254$8,012,910
78$10,796,409$4,777,966$3,697,300$8,635,499
79$11,820,035$4,934,479$3,743,553$9,316,343
80$12,945,627$5,096,217$3,788,910$10,061,247
81$14,183,508$5,263,359$3,833,266$10,876,607
82$15,545,052$5,436,089$3,876,506$11,769,463
83$17,042,790$5,614,600$3,918,512$12,747,575
84$18,690,530$5,799,091$3,959,157$13,819,486
85$20,503,485$5,989,767$3,998,310$14,994,610
86$22,498,416$6,186,842$4,035,829$16,283,315
87$24,693,793$6,390,536$4,071,568$17,697,025
88$27,109,966$6,601,078$4,105,371$19,248,324
89$29,769,356$6,818,704$4,137,075$20,951,074
90$32,696,671$7,043,661$4,166,507$22,820,549
91$35,919,133$7,276,202$4,193,487$24,873,576
92$39,466,740$7,516,591$4,217,824$27,128,694
93$43,372,544$7,765,101$4,239,318$29,606,328
94$47,672,966$8,022,013$4,257,758$32,328,981
95$52,408,139$8,287,622$4,272,922$35,321,449
96$57,622,283$8,562,230$4,284,580$38,611,051
97$63,364,129$8,846,152$4,292,486$42,227,886
98$69,687,371$9,139,715$4,296,385$46,205,121
99$76,651,177$9,443,254$4,296,008$50,579,299
100$84,320,745$9,757,122$4,291,072$55,390,686