Can I retire at age 64 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$224,615$222,614$220,662$218,757$216,897$209,618
2 years$111,196$109,125$107,118$105,172$103,284$96,023
3 years$73,394$71,314$69,312$67,384$65,528$58,512
4 years$54,497$52,423$50,442$48,547$46,735$40,018
5 years$43,162$41,101$39,145$37,289$35,527$29,127
6 years$35,607$33,562$31,635$29,820$28,111$22,033
7 years$30,213$28,185$26,289$24,517$22,862$17,105
8 years$26,170$24,160$22,295$20,566$18,966$13,526
9 years$23,027$21,035$19,203$17,518$15,972$10,842
10 years$20,513$18,542$16,741$15,101$13,609$8,781
11 years$18,458$16,507$14,739$13,142$11,704$7,169
12 years$16,747$14,815$13,080$11,527$10,143$5,890
13 years$15,300$13,389$11,686$10,177$8,845$4,863
14 years$14,061$12,170$10,500$9,034$7,753$4,032
15 years$12,988$11,118$9,480$8,057$6,827$3,354
16 years$12,051$10,200$8,595$7,214$6,033$2,797
17 years$11,224$9,394$7,821$6,482$5,350$2,338
18 years$10,490$8,680$7,140$5,841$4,757$1,958
19 years$9,834$8,045$6,536$5,278$4,240$1,642
20 years$9,244$7,476$5,999$4,780$3,787$1,379
21 years$8,712$6,963$5,518$4,338$3,389$1,159
22 years$8,228$6,500$5,085$3,945$3,038$975
23 years$7,787$6,079$4,695$3,592$2,727$821
24 years$7,383$5,696$4,342$3,277$2,451$692
25 years$7,013$5,345$4,022$2,992$2,205$583
26 years$6,671$5,024$3,730$2,736$1,987$492
27 years$6,355$4,728$3,464$2,504$1,791$415
28 years$6,062$4,455$3,220$2,295$1,616$350
29 years$5,790$4,203$2,997$2,104$1,459$296
30 years$5,537$3,969$2,791$1,931$1,319$250
31 years$5,300$3,752$2,602$1,774$1,192$211
32 years$5,079$3,550$2,428$1,630$1,078$178
33 years$4,871$3,362$2,267$1,499$976$150
34 years$4,676$3,187$2,118$1,379$884$127
35 years$4,493$3,023$1,980$1,270$800$107
36 years$4,320$2,869$1,852$1,169$725$91
37 years$4,157$2,725$1,734$1,077$657$77
38 years$4,003$2,589$1,624$993$596$65
39 years$3,857$2,462$1,521$916$540$55
40 years$3,719$2,343$1,426$844$490$46
41 years$3,588$2,230$1,337$779$445$39
42 years$3,463$2,124$1,254$719$403$33
43 years$3,345$2,024$1,177$664$366$28
44 years$3,232$1,929$1,105$613$332$24
45 years$3,124$1,839$1,037$566$302$20
46 years$3,022$1,755$974$523$274$17
47 years$2,924$1,674$915$483$249$14
48 years$2,831$1,599$860$446$226$12
49 years$2,741$1,526$808$412$205$10
50 years$2,656$1,458$760$381$186$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,720,000, adding $5,915 every year, while hoping to spend $32,127 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: 39/31/30 Blend
63$2,720,000$2,720,000$2,720,000$2,720,000
64$3,003,541$2,859,381$2,817,221$3,093,787
65$3,275,720$2,965,308$2,877,415$3,266,493
66$3,574,583$3,075,349$2,938,549$3,449,747
67$3,902,821$3,189,670$3,000,620$3,647,310
68$4,263,392$3,308,448$3,063,625$3,860,511
69$4,659,561$3,431,864$3,127,559$4,090,810
70$5,094,919$3,560,109$3,192,415$4,339,810
71$5,573,427$3,693,380$3,258,187$4,609,276
72$6,099,445$3,831,885$3,324,865$4,901,146
73$6,677,780$3,975,838$3,392,439$5,217,553
74$7,313,724$4,125,466$3,460,897$5,560,842
75$8,013,112$4,281,001$3,530,225$5,933,591
76$8,782,369$4,442,689$3,600,407$6,338,637
77$9,628,575$4,610,786$3,671,425$6,779,101
78$10,559,532$4,785,557$3,743,260$7,258,415
79$11,583,836$4,967,281$3,815,891$7,780,359
80$12,710,956$5,156,246$3,889,292$8,349,088
81$13,951,328$5,352,757$3,963,438$8,969,179
82$15,316,449$5,557,127$4,038,299$9,645,666
83$16,818,988$5,769,688$4,113,843$10,384,091
84$18,472,904$5,990,782$4,190,036$11,190,555
85$20,293,579$6,220,769$4,266,841$12,071,773
86$22,297,961$6,460,023$4,344,217$13,035,140
87$24,504,724$6,708,936$4,422,119$14,088,794
88$26,934,447$6,967,915$4,500,501$15,241,699
89$29,609,804$7,237,386$4,579,311$16,503,721
90$32,555,781$7,517,795$4,658,495$17,885,727
91$35,799,909$7,809,605$4,737,994$19,399,683
92$39,372,527$8,113,303$4,817,744$21,058,766
93$43,307,064$8,429,394$4,897,677$22,877,486
94$47,640,358$8,758,408$4,977,723$24,871,826
95$52,413,001$9,100,897$5,057,803$27,059,388
96$57,669,724$9,457,437$5,137,836$29,459,557
97$63,459,816$9,828,632$5,217,734$32,093,687
98$69,837,593$10,215,110$5,297,403$34,985,297
99$76,862,906$10,617,530$5,376,745$38,160,294
100$84,601,710$11,036,577$5,455,654$41,647,214