Can I retire at age 64 with 2,600,000?

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 $2,600,000?

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$214,706$212,793$210,927$209,106$207,328$204,737
2 years$106,290$104,310$102,392$100,532$98,727$96,121
3 years$70,156$68,168$66,254$64,412$62,637$60,095
4 years$52,093$50,111$48,216$46,405$44,673$42,216
5 years$41,257$39,287$37,418$35,643$33,960$31,594
6 years$34,036$32,081$30,239$28,504$26,871$24,600
7 years$28,880$26,942$25,129$23,435$21,853$19,677
8 years$25,015$23,094$21,311$19,659$18,130$16,049
9 years$22,011$20,107$18,355$16,745$15,268$13,281
10 years$19,608$17,724$16,003$14,434$13,009$11,115
11 years$17,644$15,778$14,088$12,562$11,188$9,385
12 years$16,008$14,162$12,503$11,019$9,695$7,982
13 years$14,625$12,798$11,171$9,728$8,455$6,828
14 years$13,441$11,633$10,037$8,635$7,411$5,869
15 years$12,415$10,627$9,062$7,701$6,525$5,066
16 years$11,519$9,750$8,216$6,896$5,767$4,387
17 years$10,729$8,980$7,476$6,196$5,114$3,810
18 years$10,027$8,298$6,825$5,584$4,547$3,317
19 years$9,400$7,690$6,248$5,045$4,053$2,894
20 years$8,837$7,146$5,734$4,569$3,620$2,529
21 years$8,327$6,656$5,274$4,147$3,239$2,214
22 years$7,865$6,213$4,861$3,771$2,904$1,941
23 years$7,443$5,811$4,488$3,434$2,606$1,703
24 years$7,058$5,445$4,151$3,132$2,343$1,496
25 years$6,703$5,110$3,845$2,860$2,108$1,316
26 years$6,377$4,802$3,566$2,615$1,899$1,158
27 years$6,075$4,519$3,311$2,394$1,712$1,019
28 years$5,795$4,259$3,078$2,193$1,545$898
29 years$5,535$4,018$2,864$2,011$1,395$792
30 years$5,292$3,794$2,668$1,846$1,260$698
31 years$5,066$3,587$2,487$1,695$1,140$616
32 years$4,855$3,394$2,321$1,558$1,031$544
33 years$4,656$3,214$2,167$1,433$933$480
34 years$4,470$3,046$2,025$1,318$845$424
35 years$4,295$2,889$1,893$1,213$765$375
36 years$4,129$2,742$1,771$1,118$693$331
37 years$3,974$2,604$1,657$1,030$628$292
38 years$3,826$2,475$1,552$949$570$258
39 years$3,687$2,354$1,454$875$516$228
40 years$3,555$2,239$1,363$807$468$202
41 years$3,429$2,132$1,278$745$425$179
42 years$3,310$2,030$1,199$687$386$158
43 years$3,197$1,934$1,125$634$350$140
44 years$3,089$1,844$1,056$586$318$124
45 years$2,986$1,758$991$541$288$109
46 years$2,889$1,677$931$500$262$97
47 years$2,795$1,601$875$462$238$85
48 years$2,706$1,528$822$427$216$76
49 years$2,620$1,459$773$394$196$67
50 years$2,539$1,394$726$364$178$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,600,000, adding $4,586 every year, while hoping to spend $32,982 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: 44/50/6 Blend
63$2,600,000$2,600,000$2,600,000$2,600,000
64$2,869,930$2,732,130$2,691,830$2,991,157
65$3,127,571$2,830,912$2,746,914$3,174,151
66$3,410,385$2,933,429$2,802,738$3,368,593
67$3,720,906$3,039,829$2,859,291$3,578,553
68$4,061,924$3,150,266$2,916,563$3,805,466
69$4,436,513$3,264,901$2,974,540$4,050,904
70$4,848,058$3,383,902$3,033,208$4,316,598
71$5,300,290$3,507,444$3,092,551$4,604,446
72$5,797,318$3,635,707$3,152,550$4,916,534
73$6,343,670$3,768,882$3,213,186$5,255,158
74$6,944,333$3,907,166$3,274,436$5,622,836
75$7,604,802$4,050,764$3,336,277$6,022,341
76$8,331,131$4,199,891$3,398,682$6,456,718
77$9,129,992$4,354,771$3,461,623$6,929,318
78$10,008,732$4,515,636$3,525,068$7,443,824
79$10,975,449$4,682,729$3,588,985$8,004,287
80$12,039,065$4,856,303$3,653,336$8,615,165
81$13,209,410$5,036,622$3,718,083$9,281,360
82$14,497,315$5,223,961$3,783,183$10,008,265
83$15,914,712$5,418,606$3,848,591$10,801,814
84$17,474,753$5,620,858$3,914,259$11,668,537
85$19,191,924$5,831,027$3,980,134$12,615,620
86$21,082,192$6,049,439$4,046,160$13,650,972
87$23,163,147$6,276,433$4,112,277$14,783,295
88$25,454,173$6,512,362$4,178,423$16,022,170
89$27,976,627$6,757,596$4,244,529$17,378,143
90$30,754,044$7,012,520$4,310,522$18,862,823
91$33,812,358$7,277,535$4,376,326$20,488,990
92$37,180,144$7,553,060$4,441,858$22,270,716
93$40,888,890$7,839,531$4,507,032$24,223,490
94$44,973,294$8,137,405$4,571,755$26,364,373
95$49,471,590$8,447,158$4,635,928$28,712,145
96$54,425,910$8,769,286$4,699,449$31,287,491
97$59,882,679$9,104,307$4,762,207$34,113,185
98$65,893,055$9,452,762$4,824,084$37,214,311
99$72,513,415$9,815,215$4,884,959$40,618,492
100$79,805,877$10,192,255$4,944,699$44,356,150