Can I retire at age 64 with 2,750,000?

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$227,092$225,070$223,096$221,170$219,289$211,256
2 years$112,422$110,328$108,299$106,332$104,423$96,420
3 years$74,204$72,101$70,077$68,128$66,250$58,528
4 years$55,098$53,002$50,998$49,082$47,250$39,868
5 years$43,638$41,554$39,576$37,700$35,919$28,896
6 years$36,000$33,932$31,984$30,149$28,421$21,762
7 years$30,547$28,496$26,579$24,787$23,114$16,818
8 years$26,458$24,426$22,541$20,793$19,175$13,236
9 years$23,280$21,268$19,414$17,711$16,149$10,558
10 years$20,740$18,746$16,926$15,267$13,759$8,508
11 years$18,662$16,689$14,901$13,287$11,834$6,910
12 years$16,932$14,979$13,224$11,655$10,255$5,647
13 years$15,469$13,537$11,815$10,289$8,942$4,637
14 years$14,216$12,304$10,616$9,134$7,839$3,823
15 years$13,132$11,240$9,585$8,146$6,902$3,162
16 years$12,184$10,313$8,690$7,293$6,100$2,622
17 years$11,348$9,498$7,908$6,553$5,409$2,179
18 years$10,606$8,776$7,219$5,906$4,809$1,814
19 years$9,943$8,134$6,608$5,336$4,286$1,512
20 years$9,346$7,558$6,065$4,833$3,829$1,262
21 years$8,808$7,040$5,578$4,386$3,426$1,054
22 years$8,319$6,572$5,141$3,988$3,071$881
23 years$7,873$6,146$4,747$3,632$2,757$737
24 years$7,465$5,759$4,390$3,313$2,478$617
25 years$7,090$5,404$4,066$3,025$2,230$517
26 years$6,744$5,079$3,771$2,766$2,008$433
27 years$6,425$4,780$3,502$2,532$1,811$363
28 years$6,129$4,504$3,256$2,320$1,634$304
29 years$5,854$4,249$3,030$2,127$1,475$255
30 years$5,598$4,013$2,822$1,952$1,333$214
31 years$5,359$3,794$2,631$1,793$1,205$180
32 years$5,135$3,590$2,455$1,648$1,090$151
33 years$4,925$3,399$2,292$1,515$987$127
34 years$4,728$3,222$2,141$1,394$893$106
35 years$4,542$3,056$2,002$1,284$809$89
36 years$4,368$2,900$1,873$1,182$733$75
37 years$4,203$2,755$1,753$1,089$664$63
38 years$4,047$2,618$1,642$1,004$602$53
39 years$3,899$2,489$1,538$926$546$44
40 years$3,760$2,369$1,442$854$495$37
41 years$3,627$2,255$1,352$788$449$31
42 years$3,501$2,147$1,268$727$408$26
43 years$3,381$2,046$1,190$671$370$22
44 years$3,267$1,950$1,117$620$336$18
45 years$3,159$1,860$1,049$572$305$15
46 years$3,055$1,774$985$529$277$13
47 years$2,956$1,693$925$488$251$11
48 years$2,862$1,616$870$451$228$9
49 years$2,771$1,543$817$417$207$8
50 years$2,685$1,474$768$385$188$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,750,000, adding $2,855 every year, while hoping to spend $50,314 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: 84/8/8 Blend
63$2,750,000$2,750,000$2,750,000$2,750,000
64$3,033,445$2,887,695$2,845,070$3,285,293
65$3,289,323$2,975,658$2,886,846$3,538,202
66$3,569,613$3,066,246$2,928,335$3,808,850
67$3,876,755$3,159,532$2,969,475$4,104,555
68$4,213,430$3,255,595$3,010,199$4,427,802
69$4,582,595$3,354,515$3,050,436$4,781,330
70$4,987,507$3,456,373$3,090,112$5,168,153
71$5,431,750$3,561,253$3,129,148$5,591,591
72$5,919,274$3,669,240$3,167,461$6,055,300
73$6,454,431$3,780,424$3,204,962$6,563,309
74$7,042,013$3,894,895$3,241,558$7,120,053
75$7,687,299$4,012,745$3,277,151$7,730,420
76$8,396,105$4,134,071$3,311,636$8,399,792
77$9,174,836$4,258,969$3,344,905$9,134,099
78$10,030,552$4,387,541$3,376,842$9,939,875
79$10,971,027$4,519,889$3,407,325$10,824,313
80$12,004,828$4,656,120$3,436,226$11,795,344
81$13,141,391$4,796,340$3,463,410$12,861,700
82$14,391,113$4,940,661$3,488,735$14,033,004
83$15,765,450$5,089,197$3,512,051$15,319,857
84$17,277,023$5,242,065$3,533,202$16,733,939
85$18,939,736$5,399,382$3,552,021$18,288,118
86$20,768,910$5,561,273$3,568,334$19,996,572
87$22,781,425$5,727,862$3,581,960$21,874,922
88$24,995,881$5,899,278$3,592,707$23,940,381
89$27,432,770$6,075,652$3,600,371$26,211,913
90$30,114,672$6,257,118$3,604,743$28,710,414
91$33,066,466$6,443,815$3,605,600$31,458,907
92$36,315,567$6,635,882$3,602,708$34,482,762
93$39,892,179$6,833,465$3,595,824$37,809,932
94$43,829,588$7,036,712$3,584,690$41,471,219
95$48,164,467$7,245,772$3,569,038$45,500,563
96$52,937,228$7,460,800$3,548,587$49,935,361
97$58,192,400$7,681,954$3,523,039$54,816,823
98$63,979,051$7,909,395$3,492,086$60,190,357
99$70,351,246$8,143,288$3,455,404$66,106,000
100$77,368,566$8,383,801$3,412,652$72,618,888