Can I retire at age 64 with 2,640,000?

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$218,009$216,067$214,172$212,323$210,517$204,434
2 years$107,925$105,915$103,967$102,078$100,246$94,166
3 years$71,235$69,217$67,274$65,403$63,600$57,713
4 years$52,894$50,882$48,958$47,119$45,360$39,712
5 years$41,892$39,892$37,993$36,192$34,482$29,087
6 years$34,560$32,575$30,704$28,943$27,285$22,149
7 years$29,325$27,356$25,515$23,796$22,190$17,313
8 years$25,400$23,449$21,639$19,961$18,408$13,787
9 years$22,349$20,417$18,638$17,003$15,503$11,133
10 years$19,910$17,996$16,249$14,657$13,209$9,085
11 years$17,916$16,021$14,305$12,756$11,360$7,474
12 years$16,255$14,380$12,695$11,188$9,844$6,190
13 years$14,850$12,995$11,343$9,878$8,585$5,153
14 years$13,648$11,812$10,191$8,768$7,525$4,307
15 years$12,606$10,791$9,201$7,820$6,626$3,613
16 years$11,696$9,900$8,342$7,002$5,856$3,040
17 years$10,894$9,118$7,591$6,291$5,192$2,563
18 years$10,181$8,425$6,930$5,669$4,617$2,166
19 years$9,545$7,808$6,344$5,123$4,115$1,833
20 years$8,973$7,256$5,822$4,640$3,676$1,553
21 years$8,455$6,759$5,355$4,211$3,289$1,318
22 years$7,986$6,309$4,936$3,829$2,948$1,119
23 years$7,558$5,901$4,557$3,487$2,647$951
24 years$7,166$5,528$4,215$3,180$2,379$809
25 years$6,806$5,188$3,904$2,904$2,141$689
26 years$6,475$4,876$3,620$2,656$1,928$587
27 years$6,168$4,589$3,362$2,431$1,738$500
28 years$5,884$4,324$3,125$2,227$1,569$426
29 years$5,620$4,079$2,908$2,042$1,416$363
30 years$5,374$3,852$2,709$1,874$1,280$310
31 years$5,144$3,642$2,526$1,721$1,157$264
32 years$4,929$3,446$2,356$1,582$1,047$225
33 years$4,728$3,263$2,200$1,455$947$192
34 years$4,539$3,093$2,056$1,339$858$164
35 years$4,361$2,934$1,922$1,232$777$140
36 years$4,193$2,784$1,798$1,135$704$119
37 years$4,035$2,645$1,683$1,046$638$102
38 years$3,885$2,513$1,576$964$578$87
39 years$3,743$2,390$1,476$889$524$74
40 years$3,609$2,274$1,384$820$476$63
41 years$3,482$2,164$1,298$756$432$54
42 years$3,361$2,061$1,217$698$392$46
43 years$3,246$1,964$1,142$644$355$39
44 years$3,137$1,872$1,072$595$323$34
45 years$3,032$1,785$1,007$549$293$29
46 years$2,933$1,703$946$507$266$25
47 years$2,838$1,625$888$469$241$21
48 years$2,747$1,551$835$433$219$18
49 years$2,661$1,482$785$400$199$15
50 years$2,578$1,415$738$370$181$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,640,000, adding $4,932 every year, while hoping to spend $56,556 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: 73/5/22 Blend
63$2,640,000$2,640,000$2,640,000$2,640,000
64$2,914,367$2,774,447$2,733,527$3,111,105
65$3,151,458$2,850,220$2,764,925$3,318,448
66$3,410,836$2,927,810$2,795,480$3,538,284
67$3,694,715$3,007,247$2,825,102$3,777,720
68$4,005,533$3,088,559$2,853,701$4,038,698
69$4,345,975$3,171,776$2,881,177$4,323,357
70$4,718,995$3,256,924$2,907,427$4,634,052
71$5,127,850$3,344,031$2,932,343$4,973,381
72$5,576,125$3,433,123$2,955,811$5,344,201
73$6,067,769$3,524,225$2,977,710$5,749,665
74$6,607,132$3,617,362$2,997,914$6,193,244
75$7,199,004$3,712,557$3,016,288$6,678,763
76$7,848,661$3,809,832$3,032,693$7,210,437
77$8,561,918$3,909,207$3,046,981$7,792,909
78$9,345,177$4,010,701$3,058,998$8,431,297
79$10,205,491$4,114,331$3,068,581$9,131,238
80$11,150,631$4,220,114$3,075,559$9,898,947
81$12,189,157$4,328,061$3,079,752$10,741,270
82$13,330,500$4,438,185$3,080,972$11,665,750
83$14,585,048$4,550,492$3,079,021$12,680,701
84$15,964,247$4,664,991$3,073,693$13,795,285
85$17,480,707$4,781,683$3,064,769$15,019,596
86$19,148,322$4,900,568$3,052,021$16,364,759
87$20,982,398$5,021,643$3,035,211$17,843,035
88$22,999,799$5,144,900$3,014,087$19,467,931
89$25,219,107$5,270,329$2,988,388$21,254,337
90$27,660,795$5,397,913$2,957,837$23,218,659
91$30,347,418$5,527,634$2,922,147$25,378,976
92$33,303,832$5,659,465$2,881,016$27,755,213
93$36,557,421$5,793,376$2,834,128$30,369,327
94$40,138,359$5,929,332$2,781,152$33,245,515
95$44,079,892$6,067,291$2,721,742$36,410,441
96$48,418,656$6,207,203$2,655,535$39,893,494
97$53,195,017$6,349,013$2,582,153$43,727,055
98$58,453,452$6,492,659$2,501,199$47,946,815
99$64,242,973$6,638,068$2,412,258$52,592,101
100$70,617,584$6,785,161$2,314,896$57,706,257