Can I retire at age 64 with 2,730,000?

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$225,441$223,433$221,474$219,561$217,694$214,000
2 years$111,604$109,526$107,511$105,558$103,664$99,953
3 years$73,664$71,576$69,567$67,632$65,769$62,157
4 years$54,697$52,616$50,627$48,725$46,907$43,422
5 years$43,320$41,252$39,289$37,426$35,658$32,310
6 years$35,738$33,685$31,751$29,930$28,215$25,008
7 years$30,324$28,289$26,385$24,607$22,946$19,882
8 years$26,266$24,249$22,377$20,642$19,036$16,113
9 years$23,111$21,113$19,273$17,582$16,031$13,247
10 years$20,589$18,610$16,803$15,156$13,659$11,013
11 years$18,526$16,567$14,793$13,190$11,747$9,235
12 years$16,809$14,870$13,128$11,570$10,180$7,799
13 years$15,357$13,438$11,729$10,214$8,877$6,624
14 years$14,113$12,215$10,539$9,067$7,782$5,652
15 years$13,036$11,158$9,515$8,086$6,852$4,841
16 years$12,095$10,238$8,627$7,240$6,056$4,161
17 years$11,265$9,429$7,850$6,505$5,369$3,585
18 years$10,529$8,712$7,166$5,863$4,774$3,097
19 years$9,870$8,075$6,560$5,297$4,255$2,680
20 years$9,278$7,503$6,021$4,798$3,801$2,323
21 years$8,744$6,989$5,538$4,354$3,401$2,017
22 years$8,258$6,524$5,104$3,959$3,049$1,753
23 years$7,816$6,102$4,713$3,606$2,737$1,526
24 years$7,410$5,717$4,358$3,289$2,460$1,329
25 years$7,038$5,365$4,037$3,003$2,214$1,158
26 years$6,695$5,042$3,744$2,746$1,994$1,010
27 years$6,378$4,745$3,477$2,514$1,798$882
28 years$6,085$4,472$3,232$2,303$1,622$770
29 years$5,811$4,218$3,008$2,112$1,465$673
30 years$5,557$3,984$2,801$1,938$1,323$588
31 years$5,320$3,766$2,612$1,780$1,196$514
32 years$5,097$3,563$2,437$1,636$1,082$450
33 years$4,889$3,375$2,275$1,504$979$393
34 years$4,693$3,198$2,126$1,384$887$344
35 years$4,509$3,034$1,987$1,274$803$301
36 years$4,336$2,879$1,859$1,173$728$264
37 years$4,172$2,735$1,740$1,081$660$231
38 years$4,017$2,599$1,630$997$598$202
39 years$3,871$2,471$1,527$919$542$177
40 years$3,732$2,351$1,431$848$492$155
41 years$3,601$2,238$1,342$782$446$136
42 years$3,476$2,132$1,259$722$405$119
43 years$3,357$2,031$1,181$666$367$104
44 years$3,244$1,936$1,109$615$334$91
45 years$3,136$1,846$1,041$568$303$80
46 years$3,033$1,761$978$525$275$70
47 years$2,935$1,681$919$485$250$61
48 years$2,841$1,604$863$448$227$54
49 years$2,751$1,532$811$414$206$47
50 years$2,665$1,464$763$383$187$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,730,000, adding $4,925 every year, while hoping to spend $51,574 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: 65/17/18 Blend
63$2,730,000$2,730,000$2,730,000$2,730,000
64$3,013,540$2,868,850$2,826,535$3,195,611
65$3,266,047$2,954,549$2,866,350$3,404,007
66$3,542,581$3,042,720$2,905,770$3,625,285
67$3,845,538$3,133,427$2,944,727$3,865,860
68$4,177,558$3,226,740$2,983,150$4,127,623
69$4,541,547$3,322,728$3,020,964$4,412,653
70$4,940,706$3,421,463$3,058,087$4,723,241
71$5,378,560$3,523,017$3,094,436$5,061,912
72$5,858,994$3,627,465$3,129,920$5,431,441
73$6,386,284$3,734,884$3,164,445$5,834,891
74$6,965,143$3,845,351$3,197,911$6,275,632
75$7,600,760$3,958,945$3,230,214$6,757,375
76$8,298,852$4,075,749$3,261,241$7,284,211
77$9,065,719$4,195,845$3,290,877$7,860,643
78$9,908,299$4,319,317$3,318,997$8,491,635
79$10,834,235$4,446,253$3,345,473$9,182,654
80$11,851,947$4,576,740$3,370,167$9,939,720
81$12,970,714$4,710,869$3,392,936$10,769,470
82$14,200,757$4,848,731$3,413,629$11,679,212
83$15,553,334$4,990,419$3,432,086$12,677,001
84$17,040,854$5,136,030$3,448,141$13,771,709
85$18,676,985$5,285,659$3,461,617$14,973,111
86$20,476,788$5,439,406$3,472,331$16,291,980
87$22,456,854$5,597,371$3,480,089$17,740,182
88$24,635,468$5,759,657$3,484,686$19,330,794
89$27,032,773$5,926,367$3,485,910$21,078,225
90$29,670,964$6,097,608$3,483,537$22,998,351
91$32,574,497$6,273,485$3,477,330$25,108,664
92$35,770,320$6,454,110$3,467,044$27,428,441
93$39,288,122$6,639,591$3,452,420$29,978,922
94$43,160,622$6,830,042$3,433,187$32,783,511
95$47,423,867$7,025,576$3,409,061$35,867,997
96$52,117,580$7,226,308$3,379,744$39,260,801
97$57,285,532$7,432,355$3,344,923$42,993,235
98$62,975,951$7,643,836$3,304,273$47,099,810
99$69,241,982$7,860,868$3,257,450$51,618,549
100$76,142,187$8,083,573$3,204,098$56,591,356