Can I retire at age 64 with 2,620,000?

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$216,357$214,430$212,550$210,714$208,922$202,235
2 years$107,108$105,113$103,179$101,305$99,487$92,811
3 years$70,696$68,692$66,764$64,907$63,119$56,664
4 years$52,493$50,496$48,587$46,762$45,017$38,832
5 years$41,575$39,590$37,706$35,918$34,221$28,324
6 years$34,298$32,328$30,472$28,724$27,078$21,473
7 years$29,103$27,149$25,322$23,615$22,022$16,708
8 years$25,208$23,272$21,475$19,810$18,269$13,243
9 years$22,180$20,262$18,497$16,874$15,385$10,642
10 years$19,759$17,860$16,126$14,546$13,109$8,640
11 years$17,780$15,900$14,197$12,659$11,274$7,072
12 years$16,132$14,271$12,599$11,104$9,770$5,826
13 years$14,738$12,897$11,257$9,803$8,520$4,823
14 years$13,544$11,723$10,114$8,702$7,468$4,010
15 years$12,511$10,709$9,132$7,761$6,576$3,345
16 years$11,608$9,825$8,279$6,949$5,812$2,798
17 years$10,811$9,049$7,534$6,243$5,153$2,346
18 years$10,104$8,361$6,877$5,627$4,582$1,970
19 years$9,472$7,749$6,296$5,084$4,084$1,657
20 years$8,905$7,201$5,778$4,605$3,648$1,396
21 years$8,391$6,707$5,315$4,179$3,264$1,177
22 years$7,925$6,261$4,898$3,800$2,926$993
23 years$7,501$5,856$4,523$3,460$2,627$839
24 years$7,112$5,487$4,183$3,156$2,361$709
25 years$6,755$5,149$3,874$2,882$2,124$600
26 years$6,426$4,839$3,593$2,635$1,914$507
27 years$6,121$4,554$3,336$2,412$1,725$429
28 years$5,839$4,291$3,102$2,210$1,557$364
29 years$5,577$4,048$2,886$2,027$1,406$308
30 years$5,333$3,823$2,689$1,860$1,270$261
31 years$5,105$3,614$2,506$1,708$1,148$221
32 years$4,892$3,420$2,339$1,570$1,039$187
33 years$4,692$3,239$2,184$1,444$940$159
34 years$4,504$3,070$2,040$1,328$851$135
35 years$4,328$2,911$1,907$1,223$771$114
36 years$4,161$2,763$1,784$1,126$698$97
37 years$4,004$2,625$1,670$1,038$633$82
38 years$3,856$2,494$1,564$956$574$70
39 years$3,715$2,372$1,465$882$520$59
40 years$3,582$2,257$1,373$813$472$50
41 years$3,456$2,148$1,288$750$428$42
42 years$3,336$2,046$1,208$693$389$36
43 years$3,222$1,949$1,134$639$353$30
44 years$3,113$1,858$1,064$590$320$26
45 years$3,009$1,772$999$545$291$22
46 years$2,911$1,690$938$504$264$19
47 years$2,817$1,613$882$465$240$16
48 years$2,726$1,540$828$430$218$13
49 years$2,640$1,470$779$397$198$11
50 years$2,558$1,405$732$367$180$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,620,000, adding $5,668 every year, while hoping to spend $39,957 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: 37/47/16 Blend
63$2,620,000$2,620,000$2,620,000$2,620,000
64$2,893,087$2,754,227$2,713,617$2,985,880
65$3,145,667$2,846,670$2,762,009$3,145,645
66$3,422,672$2,942,303$2,810,683$3,313,879
67$3,726,550$3,041,242$2,859,606$3,494,743
68$4,059,999$3,143,603$2,908,744$3,689,390
69$4,425,990$3,249,511$2,958,057$3,899,087
70$4,827,796$3,359,091$3,007,507$4,125,223
71$5,269,022$3,472,478$3,057,050$4,369,327
72$5,753,640$3,589,807$3,106,639$4,633,079
73$6,286,025$3,711,222$3,156,225$4,918,324
74$6,870,997$3,836,869$3,205,756$5,227,093
75$7,513,866$3,966,903$3,255,176$5,561,616
76$8,220,482$4,101,482$3,304,426$5,924,348
77$8,997,289$4,240,773$3,353,442$6,317,987
78$9,851,386$4,384,945$3,402,156$6,745,502
79$10,790,598$4,534,177$3,450,499$7,210,159
80$11,823,542$4,688,655$3,498,394$7,715,550
81$12,959,714$4,848,570$3,545,760$8,265,629
82$14,209,576$5,014,120$3,592,514$8,864,746
83$15,584,654$5,185,514$3,638,565$9,517,687
84$17,097,651$5,362,966$3,683,819$10,229,723
85$18,762,558$5,546,699$3,728,174$11,006,653
86$20,594,797$5,736,944$3,771,525$11,854,860
87$22,611,354$5,933,943$3,813,760$12,781,371
88$24,830,952$6,137,946$3,854,760$13,793,924
89$27,274,215$6,349,211$3,894,401$14,901,036
90$29,963,872$6,568,010$3,932,550$16,112,086
91$32,924,966$6,794,621$3,969,070$17,437,400
92$36,185,093$7,029,338$4,003,814$18,888,350
93$39,774,658$7,272,461$4,036,627$20,477,457
94$43,727,168$7,524,306$4,067,349$22,218,512
95$48,079,542$7,785,200$4,095,808$24,126,701
96$52,872,462$8,055,482$4,121,824$26,218,750
97$58,150,757$8,335,505$4,145,210$28,513,080
98$63,963,826$8,625,636$4,165,766$31,029,982
99$70,366,101$8,926,257$4,183,284$33,791,804
100$77,417,564$9,237,764$4,197,544$36,823,163