Can I retire at age 64 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$223,789$221,796$219,851$217,953$216,099$209,014
2 years$110,787$108,723$106,724$104,785$102,904$95,834
3 years$73,124$71,052$69,057$67,137$65,287$58,453
4 years$54,297$52,231$50,256$48,368$46,563$40,018
5 years$43,003$40,950$39,001$37,151$35,397$29,158
6 years$35,476$33,438$31,518$29,710$28,008$22,081
7 years$30,102$28,081$26,192$24,426$22,778$17,162
8 years$26,074$24,071$22,213$20,491$18,897$13,587
9 years$22,942$20,958$19,132$17,454$15,914$10,904
10 years$20,438$18,474$16,680$15,045$13,559$8,843
11 years$18,391$16,446$14,684$13,094$11,661$7,228
12 years$16,686$14,761$13,032$11,485$10,106$5,946
13 years$15,244$13,340$11,643$10,140$8,812$4,917
14 years$14,010$12,125$10,462$9,001$7,725$4,082
15 years$12,941$11,077$9,445$8,027$6,801$3,400
16 years$12,006$10,163$8,564$7,187$6,011$2,840
17 years$11,183$9,359$7,793$6,458$5,330$2,377
18 years$10,451$8,649$7,114$5,820$4,739$1,994
19 years$9,798$8,015$6,512$5,259$4,224$1,675
20 years$9,210$7,448$5,977$4,763$3,773$1,408
21 years$8,680$6,938$5,497$4,322$3,376$1,186
22 years$8,198$6,476$5,067$3,930$3,026$999
23 years$7,758$6,057$4,678$3,579$2,717$843
24 years$7,356$5,675$4,326$3,264$2,442$711
25 years$6,987$5,326$4,007$2,981$2,197$600
26 years$6,646$5,005$3,716$2,726$1,979$507
27 years$6,332$4,711$3,451$2,495$1,784$429
28 years$6,040$4,439$3,208$2,286$1,610$362
29 years$5,769$4,187$2,985$2,096$1,454$306
30 years$5,516$3,955$2,781$1,924$1,314$259
31 years$5,281$3,738$2,593$1,767$1,188$219
32 years$5,060$3,537$2,419$1,624$1,074$185
33 years$4,853$3,350$2,259$1,493$972$157
34 years$4,659$3,175$2,110$1,374$880$133
35 years$4,476$3,011$1,973$1,265$797$112
36 years$4,304$2,858$1,846$1,165$722$95
37 years$4,142$2,715$1,727$1,073$655$80
38 years$3,988$2,580$1,618$989$594$68
39 years$3,843$2,453$1,516$912$538$58
40 years$3,705$2,334$1,421$841$488$49
41 years$3,574$2,222$1,332$776$443$41
42 years$3,450$2,116$1,250$716$402$35
43 years$3,332$2,016$1,172$661$365$30
44 years$3,220$1,922$1,101$611$331$25
45 years$3,113$1,833$1,033$564$301$21
46 years$3,011$1,748$971$521$273$18
47 years$2,913$1,668$912$481$248$15
48 years$2,820$1,593$857$445$225$13
49 years$2,731$1,521$805$411$204$11
50 years$2,646$1,453$757$380$186$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,710,000, adding $5,274 every year, while hoping to spend $47,296 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: 66/26/8 Blend
63$2,710,000$2,710,000$2,710,000$2,710,000
64$2,991,860$2,848,230$2,806,225$3,184,435
65$3,246,707$2,937,471$2,849,911$3,402,355
66$3,525,964$3,029,499$2,893,475$3,634,297
67$3,832,069$3,124,402$2,936,864$3,886,540
68$4,167,711$3,222,268$2,980,019$4,161,058
69$4,535,848$3,323,190$3,022,881$4,460,025
70$4,939,741$3,427,263$3,065,384$4,785,832
71$5,382,980$3,534,584$3,107,459$5,141,111
72$5,869,520$3,645,254$3,149,035$5,528,761
73$6,403,717$3,759,378$3,190,034$5,951,972
74$6,990,371$3,877,062$3,230,375$6,414,258
75$7,634,768$3,998,418$3,269,972$6,919,487
76$8,342,732$4,123,558$3,308,734$7,471,918
77$9,120,679$4,252,600$3,346,565$8,076,241
78$9,975,676$4,385,666$3,383,363$8,737,623
79$10,915,511$4,522,880$3,419,021$9,461,752
80$11,948,762$4,664,370$3,453,427$10,254,893
81$13,084,881$4,810,268$3,486,462$11,123,948
82$14,334,280$4,960,713$3,517,999$12,076,516
83$15,708,432$5,115,843$3,547,908$13,120,969
84$17,219,977$5,275,805$3,576,048$14,266,530
85$18,882,842$5,440,747$3,602,273$15,523,356
86$20,712,372$5,610,823$3,626,429$16,902,638
87$22,725,474$5,786,193$3,648,355$18,416,702
88$24,940,776$5,967,020$3,667,878$20,079,127
89$27,378,804$6,153,473$3,684,821$21,904,875
90$30,062,173$6,345,725$3,698,994$23,910,427
91$33,015,805$6,543,956$3,710,200$26,113,939
92$36,267,157$6,748,349$3,718,231$28,535,416
93$39,846,484$6,959,095$3,722,869$31,196,898
94$43,787,125$7,176,391$3,723,885$34,122,666
95$48,125,815$7,400,437$3,721,039$37,339,476
96$52,903,032$7,631,442$3,714,077$40,876,803
97$58,163,379$7,869,621$3,702,737$44,767,125
98$63,956,005$8,115,194$3,686,740$49,046,226
99$70,335,068$8,368,389$3,665,796$53,753,536
100$77,360,245$8,629,440$3,639,600$58,932,497