Can I retire at age 64 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$220,486$218,522$216,606$214,736$212,910$210,424
2 years$109,152$107,119$105,149$103,238$101,385$98,883
3 years$72,045$70,003$68,038$66,146$64,323$61,882
4 years$53,495$51,460$49,514$47,654$45,876$43,515
5 years$42,368$40,345$38,425$36,603$34,874$32,601
6 years$34,953$32,945$31,053$29,272$27,595$25,411
7 years$29,658$27,667$25,805$24,066$22,442$20,349
8 years$25,689$23,716$21,885$20,188$18,618$16,615
9 years$22,603$20,649$18,850$17,196$15,679$13,766
10 years$20,136$18,201$16,433$14,823$13,359$11,535
11 years$18,119$16,203$14,468$12,901$11,489$9,752
12 years$16,439$14,543$12,840$11,316$9,956$8,304
13 years$15,019$13,143$11,471$9,990$8,682$7,113
14 years$13,803$11,946$10,307$8,868$7,611$6,123
15 years$12,750$10,913$9,306$7,909$6,701$5,291
16 years$11,829$10,013$8,437$7,081$5,922$4,589
17 years$11,018$9,221$7,678$6,362$5,251$3,991
18 years$10,297$8,521$7,009$5,734$4,669$3,479
19 years$9,653$7,897$6,416$5,181$4,162$3,040
20 years$9,074$7,338$5,888$4,692$3,717$2,661
21 years$8,552$6,835$5,416$4,259$3,327$2,333
22 years$8,077$6,381$4,992$3,872$2,982$2,048
23 years$7,644$5,968$4,609$3,526$2,677$1,800
24 years$7,248$5,591$4,263$3,216$2,406$1,584
25 years$6,884$5,247$3,948$2,937$2,165$1,395
26 years$6,548$4,931$3,662$2,686$1,950$1,229
27 years$6,238$4,641$3,400$2,458$1,758$1,084
28 years$5,951$4,373$3,161$2,252$1,586$957
29 years$5,684$4,126$2,941$2,065$1,432$845
30 years$5,435$3,896$2,740$1,896$1,294$746
31 years$5,203$3,683$2,554$1,741$1,170$660
32 years$4,985$3,485$2,383$1,600$1,059$583
33 years$4,782$3,300$2,225$1,471$958$516
34 years$4,590$3,128$2,079$1,354$867$456
35 years$4,410$2,967$1,944$1,246$786$404
36 years$4,241$2,816$1,818$1,148$712$357
37 years$4,080$2,675$1,702$1,057$645$316
38 years$3,929$2,542$1,594$975$585$280
39 years$3,786$2,417$1,493$899$530$248
40 years$3,650$2,300$1,400$829$481$220
41 years$3,522$2,189$1,312$765$436$194
42 years$3,399$2,085$1,231$706$396$172
43 years$3,283$1,986$1,155$652$359$153
44 years$3,172$1,893$1,084$602$326$135
45 years$3,067$1,806$1,018$556$296$120
46 years$2,966$1,722$956$513$269$106
47 years$2,870$1,644$898$474$244$94
48 years$2,779$1,569$844$438$222$83
49 years$2,691$1,498$794$405$201$74
50 years$2,607$1,431$746$374$183$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,670,000, adding $6,120 every year, while hoping to spend $26,421 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: 69/13/18 Blend
63$2,670,000$2,670,000$2,670,000$2,670,000
64$2,948,653$2,807,143$2,765,758$3,138,898
65$3,221,304$2,916,581$2,830,299$3,375,997
66$3,520,879$3,030,496$2,896,117$3,631,640
67$3,850,098$3,149,080$2,963,226$3,910,703
68$4,211,956$3,272,532$3,031,641$4,215,492
69$4,609,750$3,401,061$3,101,376$4,548,548
70$5,047,118$3,534,886$3,172,445$4,912,667
71$5,528,062$3,674,234$3,244,861$5,310,928
72$6,056,997$3,819,344$3,318,636$5,746,720
73$6,638,782$3,970,464$3,393,782$6,223,777
74$7,278,775$4,127,853$3,470,311$6,746,209
75$7,982,877$4,291,784$3,548,233$7,318,541
76$8,757,589$4,462,541$3,627,557$7,945,760
77$9,610,076$4,640,419$3,708,294$8,633,354
78$10,548,233$4,825,728$3,790,450$9,387,370
79$11,580,755$5,018,792$3,874,033$10,214,466
80$12,717,229$5,219,949$3,959,050$11,121,978
81$13,968,212$5,429,552$4,045,504$12,117,985
82$15,345,342$5,647,972$4,133,400$13,211,384
83$16,861,438$5,875,594$4,222,741$14,411,978
84$18,530,629$6,112,822$4,313,526$15,730,565
85$20,368,480$6,360,078$4,405,757$17,179,039
86$22,392,146$6,617,803$4,499,431$18,770,503
87$24,620,528$6,886,458$4,594,545$20,519,390
88$27,074,452$7,166,525$4,691,092$22,441,604
89$29,776,870$7,458,508$4,789,068$24,554,662
90$32,753,070$7,762,934$4,888,461$26,877,864
91$36,030,920$8,080,355$4,989,261$29,432,473
92$39,641,127$8,411,346$5,091,454$32,241,915
93$43,617,530$8,756,509$5,195,026$35,331,999
94$47,997,415$9,116,475$5,299,956$38,731,159
95$52,821,872$9,491,903$5,406,225$42,470,726
96$58,136,178$9,883,481$5,513,809$46,585,218
97$63,990,227$10,291,931$5,622,681$51,112,665
98$70,439,001$10,718,006$5,732,811$56,094,972
99$77,543,085$11,162,494$5,844,166$61,578,310
100$85,369,243$11,626,221$5,956,709$67,613,550