Can I retire at age 64 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$228,744$226,706$224,719$222,778$220,884$216,159
2 years$113,240$111,131$109,087$107,105$105,183$100,446
3 years$74,743$72,625$70,586$68,623$66,732$62,131
4 years$55,499$53,387$51,369$49,439$47,594$43,163
5 years$43,955$41,856$39,864$37,974$36,180$31,933
6 years$36,262$34,179$32,216$30,368$28,628$24,569
7 years$30,769$28,703$26,772$24,967$23,282$19,412
8 years$26,651$24,604$22,705$20,944$19,315$15,632
9 years$23,450$21,422$19,556$17,840$16,266$12,768
10 years$20,890$18,883$17,049$15,378$13,859$10,543
11 years$18,798$16,810$15,010$13,384$11,920$8,780
12 years$17,055$15,088$13,321$11,739$10,329$7,362
13 years$15,582$13,635$11,901$10,364$9,007$6,207
14 years$14,320$12,394$10,693$9,200$7,896$5,257
15 years$13,227$11,322$9,655$8,205$6,952$4,469
16 years$12,272$10,388$8,753$7,347$6,144$3,811
17 years$11,430$9,567$7,965$6,601$5,448$3,258
18 years$10,683$8,840$7,271$5,949$4,844$2,792
19 years$10,015$8,193$6,656$5,375$4,318$2,397
20 years$9,414$7,613$6,109$4,868$3,857$2,061
21 years$8,872$7,091$5,619$4,418$3,451$1,774
22 years$8,379$6,620$5,179$4,017$3,093$1,529
23 years$7,930$6,191$4,782$3,659$2,777$1,319
24 years$7,519$5,801$4,422$3,337$2,496$1,139
25 years$7,141$5,444$4,096$3,047$2,246$984
26 years$6,794$5,116$3,799$2,786$2,023$851
27 years$6,472$4,815$3,527$2,550$1,824$736
28 years$6,174$4,537$3,279$2,337$1,646$637
29 years$5,897$4,280$3,052$2,143$1,486$552
30 years$5,639$4,042$2,842$1,967$1,343$478
31 years$5,398$3,821$2,650$1,806$1,214$414
32 years$5,172$3,616$2,472$1,660$1,098$359
33 years$4,961$3,424$2,309$1,526$994$311
34 years$4,762$3,245$2,157$1,404$900$270
35 years$4,575$3,078$2,017$1,293$815$234
36 years$4,399$2,922$1,886$1,191$738$203
37 years$4,233$2,775$1,766$1,097$669$176
38 years$4,076$2,637$1,654$1,011$607$153
39 years$3,928$2,508$1,549$932$550$132
40 years$3,787$2,386$1,452$860$499$115
41 years$3,653$2,271$1,362$793$453$100
42 years$3,527$2,163$1,277$732$411$86
43 years$3,406$2,061$1,198$676$373$75
44 years$3,291$1,964$1,125$624$338$65
45 years$3,182$1,873$1,056$576$307$56
46 years$3,077$1,787$992$532$279$49
47 years$2,978$1,705$932$492$253$43
48 years$2,883$1,628$876$455$230$37
49 years$2,792$1,555$823$420$209$32
50 years$2,704$1,485$774$388$190$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,770,000, adding $5,715 every year, while hoping to spend $40,889 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: 55/21/24 Blend
63$2,770,000$2,770,000$2,770,000$2,770,000
64$3,058,435$2,911,625$2,868,690$3,206,230
65$3,326,890$3,010,789$2,921,286$3,407,508
66$3,621,357$3,113,442$2,974,273$3,621,843
67$3,944,445$3,219,711$3,027,621$3,854,415
68$4,299,031$3,329,729$3,081,299$4,106,988
69$4,688,280$3,443,634$3,135,270$4,381,503
70$5,115,682$3,561,569$3,189,499$4,680,097
71$5,585,078$3,683,682$3,243,944$5,005,122
72$6,100,702$3,810,128$3,298,561$5,359,167
73$6,667,216$3,941,068$3,353,306$5,745,082
74$7,289,759$4,076,667$3,408,129$6,166,005
75$7,973,990$4,217,098$3,462,976$6,625,392
76$8,726,143$4,362,543$3,517,792$7,127,047
77$9,553,088$4,513,186$3,572,517$7,675,162
78$10,462,393$4,669,222$3,627,087$8,274,348
79$11,462,397$4,830,854$3,681,434$8,929,689
80$12,562,285$4,998,289$3,735,485$9,646,780
81$13,772,180$5,171,747$3,789,166$10,431,786
82$15,103,233$5,351,454$3,842,394$11,291,495
83$16,567,732$5,537,644$3,895,083$12,233,385
84$18,179,215$5,730,562$3,947,142$13,265,694
85$19,952,598$5,930,463$3,998,475$14,397,494
86$21,904,319$6,137,611$4,048,979$15,638,781
87$24,052,486$6,352,281$4,098,547$17,000,566
88$26,417,055$6,574,758$4,147,063$18,494,976
89$29,020,013$6,805,340$4,194,409$20,135,376
90$31,885,588$7,044,336$4,240,455$21,936,486
91$35,040,477$7,292,067$4,285,069$23,914,523
92$38,514,094$7,548,867$4,328,108$26,087,357
93$42,338,855$7,815,084$4,369,422$28,474,673
94$46,550,475$8,091,080$4,408,855$31,098,159
95$51,188,311$8,377,231$4,446,239$33,981,711
96$56,295,732$8,673,929$4,481,402$37,151,659
97$61,920,526$8,981,581$4,514,158$40,637,011
98$68,115,352$9,300,610$4,544,314$44,469,729
99$74,938,236$9,631,458$4,571,667$48,685,030
100$82,453,121$9,974,584$4,596,002$53,321,718