Can I retire at age 64 with 2,760,000?

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 $2,760,000?

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%
1 years$227,918$225,888$223,907$221,974$220,086$213,726
2 years$112,831$110,729$108,693$106,718$104,803$98,446
3 years$74,473$72,363$70,331$68,375$66,491$60,337
4 years$55,298$53,194$51,183$49,261$47,422$41,517
5 years$43,796$41,705$39,720$37,837$36,050$30,410
6 years$36,131$34,055$32,100$30,258$28,525$23,155
7 years$30,658$28,600$26,675$24,877$23,198$18,099
8 years$26,555$24,515$22,623$20,869$19,245$14,414
9 years$23,365$21,345$19,485$17,776$16,207$11,639
10 years$20,815$18,814$16,987$15,323$13,809$9,498
11 years$18,730$16,749$14,955$13,335$11,877$7,814
12 years$16,993$15,033$13,273$11,697$10,292$6,471
13 years$15,525$13,586$11,858$10,327$8,975$5,387
14 years$14,268$12,349$10,655$9,167$7,867$4,503
15 years$13,179$11,281$9,620$8,175$6,927$3,778
16 years$12,228$10,350$8,722$7,320$6,122$3,178
17 years$11,389$9,532$7,936$6,577$5,428$2,680
18 years$10,644$8,808$7,245$5,927$4,827$2,264
19 years$9,979$8,163$6,632$5,356$4,302$1,916
20 years$9,380$7,586$6,087$4,851$3,843$1,624
21 years$8,840$7,066$5,599$4,402$3,439$1,378
22 years$8,349$6,596$5,160$4,003$3,082$1,170
23 years$7,901$6,169$4,764$3,645$2,767$995
24 years$7,492$5,780$4,406$3,325$2,487$846
25 years$7,116$5,424$4,081$3,036$2,238$720
26 years$6,769$5,098$3,785$2,776$2,016$613
27 years$6,449$4,798$3,515$2,541$1,817$522
28 years$6,151$4,521$3,267$2,328$1,640$445
29 years$5,875$4,265$3,041$2,135$1,481$379
30 years$5,618$4,028$2,832$1,959$1,338$324
31 years$5,378$3,807$2,640$1,800$1,210$276
32 years$5,153$3,603$2,464$1,654$1,094$235
33 years$4,943$3,412$2,300$1,521$990$201
34 years$4,745$3,234$2,149$1,399$897$171
35 years$4,559$3,067$2,009$1,288$812$146
36 years$4,384$2,911$1,880$1,186$736$125
37 years$4,218$2,765$1,759$1,093$667$107
38 years$4,062$2,628$1,648$1,008$605$91
39 years$3,914$2,499$1,544$929$548$78
40 years$3,773$2,377$1,447$857$497$66
41 years$3,640$2,263$1,357$791$451$57
42 years$3,514$2,155$1,273$730$409$48
43 years$3,394$2,053$1,194$673$372$41
44 years$3,279$1,957$1,121$622$337$35
45 years$3,170$1,866$1,052$574$306$30
46 years$3,066$1,780$989$530$278$26
47 years$2,967$1,699$929$490$252$22
48 years$2,872$1,622$873$453$229$19
49 years$2,782$1,549$820$419$208$16
50 years$2,695$1,480$771$387$189$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,760,000, adding $6,965 every year, while hoping to spend $50,050 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: 64/18/18 Blend
63$2,760,000$2,760,000$2,760,000$2,760,000
64$3,048,704$2,902,424$2,859,644$3,229,630
65$3,306,419$2,991,390$2,902,190$3,440,947
66$3,588,744$3,083,038$2,944,483$3,665,372
67$3,898,135$3,177,447$2,986,462$3,909,354
68$4,237,300$3,274,696$3,028,063$4,174,805
69$4,609,218$3,374,870$3,069,217$4,463,829
70$5,017,173$3,478,053$3,109,850$4,778,746
71$5,464,780$3,584,333$3,149,886$5,122,107
72$5,956,023$3,693,801$3,189,243$5,496,724
73$6,495,288$3,806,548$3,227,833$5,905,692
74$7,087,408$3,922,670$3,265,567$6,352,420
75$7,737,708$4,042,264$3,302,347$6,840,665
76$8,452,050$4,165,431$3,338,072$7,374,562
77$9,236,896$4,292,274$3,372,634$7,958,667
78$10,099,362$4,422,899$3,405,920$8,597,999
79$11,047,289$4,557,413$3,437,810$9,298,086
80$12,089,316$4,695,929$3,468,180$10,065,018
81$13,234,958$4,838,561$3,496,896$10,905,505
82$14,494,700$4,985,428$3,523,818$11,826,936
83$15,880,094$5,136,648$3,548,801$12,837,455
84$17,403,866$5,292,347$3,571,689$13,946,033
85$19,080,040$5,452,651$3,592,319$15,162,554
86$20,924,064$5,617,690$3,610,522$16,497,906
87$22,952,961$5,787,600$3,626,117$17,964,087
88$25,185,486$5,962,516$3,638,915$19,574,318
89$27,642,306$6,142,579$3,648,719$21,343,161
90$30,346,191$6,327,935$3,655,321$23,286,667
91$33,322,229$6,518,731$3,658,501$25,422,517
92$36,598,066$6,715,118$3,658,030$27,770,195
93$40,204,164$6,917,253$3,653,669$30,351,169
94$44,174,085$7,125,296$3,645,163$33,189,096
95$48,544,815$7,339,408$3,632,250$36,310,041
96$53,357,106$7,559,760$3,614,650$39,742,727
97$58,655,864$7,786,520$3,592,073$43,518,804
98$64,490,569$8,019,867$3,564,215$47,673,145
99$70,915,746$8,259,980$3,530,755$52,244,182
100$77,991,476$8,507,043$3,491,360$57,274,260