Can I retire at age 64 with 2,910,000?

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$240,305$238,165$236,076$234,038$232,047$229,148
2 years$118,963$116,747$114,600$112,518$110,499$107,581
3 years$78,521$76,296$74,154$72,091$70,105$67,260
4 years$58,304$56,085$53,965$51,938$49,999$47,249
5 years$46,177$43,972$41,879$39,893$38,009$35,361
6 years$38,095$35,906$33,845$31,903$30,075$27,533
7 years$32,324$30,154$28,125$26,229$24,459$22,024
8 years$27,998$25,847$23,852$22,003$20,291$17,962
9 years$24,635$22,505$20,544$18,742$17,088$14,865
10 years$21,946$19,837$17,911$16,156$14,560$12,440
11 years$19,748$17,660$15,768$14,060$12,522$10,504
12 years$17,917$15,850$13,994$12,333$10,851$8,934
13 years$16,369$14,324$12,503$10,888$9,463$7,642
14 years$15,044$13,020$11,234$9,665$8,295$6,569
15 years$13,896$11,894$10,142$8,620$7,303$5,670
16 years$12,892$10,913$9,196$7,718$6,455$4,910
17 years$12,008$10,050$8,368$6,934$5,723$4,264
18 years$11,223$9,287$7,639$6,249$5,089$3,712
19 years$10,521$8,607$6,993$5,647$4,536$3,239
20 years$9,890$7,998$6,418$5,114$4,051$2,831
21 years$9,320$7,450$5,903$4,641$3,626$2,478
22 years$8,803$6,954$5,441$4,220$3,250$2,172
23 years$8,331$6,504$5,023$3,843$2,917$1,906
24 years$7,899$6,094$4,646$3,505$2,622$1,675
25 years$7,502$5,719$4,303$3,201$2,359$1,472
26 years$7,137$5,375$3,991$2,927$2,125$1,296
27 years$6,799$5,058$3,706$2,679$1,916$1,141
28 years$6,486$4,766$3,445$2,455$1,729$1,005
29 years$6,195$4,497$3,206$2,251$1,561$886
30 years$5,924$4,246$2,986$2,066$1,411$782
31 years$5,670$4,014$2,784$1,897$1,275$690
32 years$5,433$3,798$2,597$1,744$1,154$609
33 years$5,211$3,597$2,425$1,604$1,044$537
34 years$5,003$3,409$2,266$1,475$945$475
35 years$4,807$3,234$2,119$1,358$856$419
36 years$4,622$3,069$1,982$1,251$776$370
37 years$4,447$2,915$1,855$1,152$703$327
38 years$4,282$2,770$1,737$1,062$637$289
39 years$4,126$2,634$1,627$979$578$256
40 years$3,978$2,506$1,525$903$524$226
41 years$3,838$2,386$1,430$834$476$200
42 years$3,705$2,272$1,342$769$432$177
43 years$3,578$2,165$1,259$710$392$156
44 years$3,457$2,064$1,182$656$356$138
45 years$3,343$1,968$1,110$606$323$122
46 years$3,233$1,877$1,042$559$293$108
47 years$3,128$1,791$979$517$266$96
48 years$3,028$1,710$920$477$242$85
49 years$2,933$1,633$865$441$219$75
50 years$2,841$1,560$813$408$199$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,910,000, adding $6,104 every year, while hoping to spend $58,319 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: 63/18/19 Blend
63$2,910,000$2,910,000$2,910,000$2,910,000
64$3,213,116$3,058,886$3,013,781$3,399,618
65$3,478,803$3,146,721$3,052,692$3,613,729
66$3,769,636$3,236,904$3,090,952$3,840,339
67$4,088,117$3,329,491$3,128,477$4,086,459
68$4,437,003$3,424,535$3,165,179$4,353,995
69$4,819,331$3,522,090$3,200,966$4,645,048
70$5,238,443$3,622,213$3,235,739$4,961,930
71$5,698,022$3,724,960$3,269,395$5,307,189
72$6,202,124$3,830,387$3,301,823$5,683,628
73$6,755,216$3,938,551$3,332,909$6,094,338
74$7,362,219$4,049,510$3,362,532$6,542,723
75$8,028,551$4,163,322$3,390,563$7,032,531
76$8,760,184$4,280,046$3,416,868$7,567,891
77$9,563,695$4,399,740$3,441,305$8,153,354
78$10,446,328$4,522,463$3,463,724$8,793,931
79$11,416,063$4,648,274$3,483,969$9,495,143
80$12,481,695$4,777,233$3,501,875$10,263,074
81$13,652,909$4,909,398$3,517,269$11,104,426
82$14,940,376$5,044,829$3,529,968$12,026,584
83$16,355,853$5,183,584$3,539,780$13,037,683
84$17,912,293$5,325,722$3,546,506$14,146,687
85$19,623,966$5,471,302$3,549,933$15,363,475
86$21,506,595$5,620,381$3,549,841$16,698,929
87$23,577,503$5,773,015$3,545,996$18,165,041
88$25,855,778$5,929,262$3,538,156$19,775,026
89$28,362,447$6,089,175$3,526,064$21,543,443
90$31,120,682$6,252,810$3,509,452$23,486,338
91$34,156,012$6,420,219$3,488,040$25,621,389
92$37,496,569$6,591,453$3,461,533$27,968,079
93$41,173,347$6,766,562$3,429,622$30,547,875
94$45,220,498$6,945,593$3,391,984$33,384,434
95$49,675,653$7,128,592$3,348,280$36,503,824
96$54,580,279$7,315,602$3,298,157$39,934,772
97$59,980,064$7,506,664$3,241,242$43,708,933
98$65,925,354$7,701,814$3,177,147$47,861,191
99$72,471,624$7,901,087$3,105,465$52,429,988
100$79,680,004$8,104,513$3,025,772$57,457,685