Can I retire at age 64 with 2,680,000?

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 $2,680,000?

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 years$221,312$219,341$217,417$215,540$213,707$207,615
2 years$109,560$107,520$105,542$103,625$101,765$95,675
3 years$72,315$70,265$68,293$66,394$64,564$58,667
4 years$53,696$51,653$49,700$47,833$46,048$40,388
5 years$42,527$40,496$38,569$36,740$35,005$29,598
6 years$35,084$33,068$31,170$29,381$27,698$22,550
7 years$29,769$27,771$25,902$24,156$22,526$17,636
8 years$25,785$23,805$21,967$20,264$18,687$14,053
9 years$22,688$20,726$18,920$17,260$15,737$11,355
10 years$20,212$18,269$16,495$14,879$13,409$9,271
11 years$18,187$16,264$14,522$12,949$11,532$7,633
12 years$16,501$14,598$12,888$11,358$9,994$6,325
13 years$15,075$13,192$11,514$10,027$8,715$5,269
14 years$13,855$11,991$10,346$8,901$7,639$4,408
15 years$12,797$10,954$9,341$7,938$6,726$3,700
16 years$11,873$10,050$8,469$7,108$5,945$3,115
17 years$11,059$9,256$7,706$6,386$5,271$2,629
18 years$10,336$8,553$7,035$5,755$4,687$2,223
19 years$9,689$7,927$6,440$5,200$4,177$1,883
20 years$9,108$7,366$5,910$4,710$3,731$1,597
21 years$8,584$6,861$5,436$4,275$3,339$1,356
22 years$8,107$6,404$5,011$3,887$2,993$1,152
23 years$7,672$5,990$4,626$3,540$2,687$980
24 years$7,275$5,612$4,279$3,228$2,415$834
25 years$6,909$5,267$3,963$2,948$2,173$711
26 years$6,573$4,950$3,675$2,696$1,957$606
27 years$6,262$4,658$3,413$2,468$1,765$516
28 years$5,973$4,390$3,173$2,261$1,592$440
29 years$5,705$4,141$2,952$2,073$1,438$376
30 years$5,455$3,911$2,750$1,903$1,299$321
31 years$5,222$3,697$2,564$1,747$1,175$274
32 years$5,004$3,498$2,392$1,606$1,062$234
33 years$4,799$3,313$2,234$1,477$962$200
34 years$4,607$3,140$2,087$1,359$871$170
35 years$4,427$2,978$1,951$1,251$789$146
36 years$4,256$2,827$1,825$1,152$714$124
37 years$4,096$2,685$1,708$1,061$648$106
38 years$3,944$2,551$1,600$978$587$91
39 years$3,800$2,426$1,499$902$532$78
40 years$3,664$2,308$1,405$832$483$66
41 years$3,535$2,197$1,317$768$438$57
42 years$3,412$2,093$1,236$708$397$48
43 years$3,295$1,994$1,160$654$361$41
44 years$3,184$1,900$1,088$604$327$35
45 years$3,078$1,812$1,022$558$297$30
46 years$2,977$1,729$960$515$270$26
47 years$2,881$1,650$902$476$245$22
48 years$2,789$1,575$847$440$223$19
49 years$2,701$1,504$797$406$202$16
50 years$2,617$1,437$749$376$184$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,680,000, adding $2,193 every year, while hoping to spend $40,556 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: 43/44/13 Blend
63$2,680,000$2,680,000$2,680,000$2,680,000
64$2,955,622$2,813,582$2,772,042$3,071,468
65$3,213,944$2,908,296$2,821,754$3,247,441
66$3,497,256$3,006,292$2,871,772$3,433,737
67$3,808,064$3,107,688$2,922,064$3,634,671
68$4,149,127$3,212,606$2,972,594$3,851,603
69$4,523,487$3,321,173$3,023,326$4,086,028
70$4,934,494$3,433,521$3,074,218$4,339,588
71$5,385,835$3,549,787$3,125,227$4,614,088
72$5,881,577$3,670,112$3,176,308$4,911,515
73$6,426,195$3,794,645$3,227,412$5,234,051
74$7,024,621$3,923,538$3,278,485$5,584,096
75$7,682,291$4,056,949$3,329,473$5,964,293
76$8,405,189$4,195,044$3,380,315$6,377,545
77$9,199,912$4,337,994$3,430,948$6,827,048
78$10,073,723$4,485,977$3,481,306$7,316,319
79$11,034,629$4,639,176$3,531,316$7,849,225
80$12,091,450$4,797,784$3,580,903$8,430,026
81$13,253,901$4,961,999$3,629,987$9,063,406
82$14,532,690$5,132,028$3,678,482$9,754,523
83$15,939,613$5,308,085$3,726,300$10,509,054
84$17,487,666$5,490,394$3,773,343$11,333,247
85$19,191,170$5,679,186$3,819,513$12,233,982
86$21,065,904$5,874,701$3,864,701$13,218,833
87$23,129,254$6,077,189$3,908,796$14,296,139
88$25,400,377$6,286,910$3,951,680$15,475,081
89$27,900,380$6,504,133$3,993,226$16,765,769
90$30,652,522$6,729,138$4,033,302$18,179,337
91$33,682,431$6,962,218$4,071,769$19,728,044
92$37,018,346$7,203,674$4,108,481$21,425,392
93$40,691,385$7,453,821$4,143,282$23,286,251
94$44,735,834$7,712,986$4,176,010$25,326,997
95$49,189,475$7,981,509$4,206,493$27,565,668
96$54,093,942$8,259,743$4,234,551$30,022,130
97$59,495,109$8,548,056$4,259,993$32,718,267
98$65,443,528$8,846,828$4,282,621$35,678,183
99$71,994,903$9,156,458$4,302,224$38,928,428
100$79,210,617$9,477,358$4,318,582$42,498,250