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%19.9%
1 years$240,305$238,165$236,076$234,038$232,047$222,841
2 years$118,963$116,747$114,600$112,518$110,499$101,337
3 years$78,521$76,296$74,154$72,091$70,105$61,277
4 years$58,304$56,085$53,965$51,938$49,999$41,573
5 years$46,177$43,972$41,879$39,893$38,009$30,004
6 years$38,095$35,906$33,845$31,903$30,075$22,498
7 years$32,324$30,154$28,125$26,229$24,459$17,307
8 years$27,998$25,847$23,852$22,003$20,291$13,556
9 years$24,635$22,505$20,544$18,742$17,088$10,760
10 years$21,946$19,837$17,911$16,156$14,560$8,627
11 years$19,748$17,660$15,768$14,060$12,522$6,970
12 years$17,917$15,850$13,994$12,333$10,851$5,665
13 years$16,369$14,324$12,503$10,888$9,463$4,627
14 years$15,044$13,020$11,234$9,665$8,295$3,793
15 years$13,896$11,894$10,142$8,620$7,303$3,119
16 years$12,892$10,913$9,196$7,718$6,455$2,572
17 years$12,008$10,050$8,368$6,934$5,723$2,124
18 years$11,223$9,287$7,639$6,249$5,089$1,758
19 years$10,521$8,607$6,993$5,647$4,536$1,457
20 years$9,890$7,998$6,418$5,114$4,051$1,208
21 years$9,320$7,450$5,903$4,641$3,626$1,003
22 years$8,803$6,954$5,441$4,220$3,250$834
23 years$8,331$6,504$5,023$3,843$2,917$693
24 years$7,899$6,094$4,646$3,505$2,622$576
25 years$7,502$5,719$4,303$3,201$2,359$480
26 years$7,137$5,375$3,991$2,927$2,125$399
27 years$6,799$5,058$3,706$2,679$1,916$333
28 years$6,486$4,766$3,445$2,455$1,729$277
29 years$6,195$4,497$3,206$2,251$1,561$231
30 years$5,924$4,246$2,986$2,066$1,411$192
31 years$5,670$4,014$2,784$1,897$1,275$160
32 years$5,433$3,798$2,597$1,744$1,154$134
33 years$5,211$3,597$2,425$1,604$1,044$111
34 years$5,003$3,409$2,266$1,475$945$93
35 years$4,807$3,234$2,119$1,358$856$77
36 years$4,622$3,069$1,982$1,251$776$65
37 years$4,447$2,915$1,855$1,152$703$54
38 years$4,282$2,770$1,737$1,062$637$45
39 years$4,126$2,634$1,627$979$578$37
40 years$3,978$2,506$1,525$903$524$31
41 years$3,838$2,386$1,430$834$476$26
42 years$3,705$2,272$1,342$769$432$22
43 years$3,578$2,165$1,259$710$392$18
44 years$3,457$2,064$1,182$656$356$15
45 years$3,343$1,968$1,110$606$323$13
46 years$3,233$1,877$1,042$559$293$11
47 years$3,128$1,791$979$517$266$9
48 years$3,028$1,710$920$477$242$7
49 years$2,933$1,633$865$441$219$6
50 years$2,841$1,560$813$408$199$5

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 $3,035 every year, while hoping to spend $59,584 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: 66/29/5 Blend
63$2,910,000$2,910,000$2,910,000$2,910,000
64$3,209,951$3,055,721$3,010,616$3,419,555
65$3,473,969$3,142,054$3,048,074$3,645,315
66$3,762,920$3,230,621$3,084,791$3,884,481
67$4,079,284$3,321,467$3,120,678$4,144,242
68$4,425,792$3,414,641$3,155,642$4,426,592
69$4,805,452$3,510,188$3,189,585$4,733,729
70$5,221,577$3,608,156$3,222,405$5,068,072
71$5,677,815$3,708,592$3,253,993$5,432,283
72$6,178,184$3,811,545$3,284,233$5,829,293
73$6,727,109$3,917,061$3,313,005$6,262,330
74$7,329,465$4,025,188$3,340,182$6,734,946
75$7,990,621$4,135,973$3,365,629$7,251,054
76$8,716,492$4,249,463$3,389,205$7,814,965
77$9,513,593$4,365,706$3,410,762$8,431,422
78$10,389,101$4,484,747$3,430,144$9,105,653
79$11,350,922$4,606,632$3,447,187$9,843,412
80$12,407,766$4,731,407$3,461,717$10,651,041
81$13,569,228$4,859,116$3,473,555$11,535,523
82$14,845,879$4,989,802$3,482,509$12,504,548
83$16,249,365$5,123,509$3,488,379$13,566,592
84$17,792,517$5,260,278$3,490,957$14,730,987
85$19,489,470$5,400,148$3,490,020$16,008,016
86$21,355,800$5,543,158$3,485,339$17,409,007
87$23,408,664$5,689,346$3,476,671$18,946,439
88$25,666,970$5,838,746$3,463,761$20,634,060
89$28,151,547$5,991,391$3,446,344$22,487,018
90$30,885,348$6,147,312$3,424,139$24,522,001
91$33,893,660$6,306,537$3,396,855$26,757,396
92$37,204,347$6,469,091$3,364,183$29,213,459
93$40,848,111$6,634,997$3,325,803$31,912,512
94$44,858,779$6,804,273$3,281,379$34,879,147
95$49,273,627$6,976,934$3,230,557$38,140,462
96$54,133,726$7,152,993$3,172,970$41,726,313
97$59,484,331$7,332,455$3,108,230$45,669,598
98$65,375,311$7,515,323$3,035,933$50,006,569
99$71,861,613$7,701,594$2,955,658$54,777,166
100$79,003,786$7,891,261$2,866,961$60,025,403