Can I retire at age 64 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$229,570$227,525$225,530$223,583$221,681$217,205
2 years$113,648$111,532$109,481$107,492$105,562$101,073
3 years$75,013$72,887$70,841$68,871$66,973$62,610
4 years$55,699$53,580$51,554$49,618$47,766$43,562
5 years$44,114$42,007$40,008$38,111$36,311$32,279
6 years$36,393$34,302$32,333$30,478$28,732$24,876
7 years$30,880$28,807$26,869$25,057$23,366$19,687
8 years$26,747$24,693$22,787$21,020$19,385$15,882
9 years$23,534$21,500$19,626$17,904$16,325$12,995
10 years$20,966$18,951$17,110$15,434$13,909$10,750
11 years$18,866$16,871$15,064$13,432$11,963$8,970
12 years$17,117$15,142$13,369$11,782$10,367$7,536
13 years$15,638$13,684$11,944$10,401$9,040$6,366
14 years$14,372$12,439$10,732$9,233$7,924$5,403
15 years$13,275$11,363$9,689$8,234$6,977$4,603
16 years$12,316$10,425$8,785$7,373$6,166$3,933
17 years$11,472$9,601$7,994$6,625$5,468$3,370
18 years$10,721$8,872$7,297$5,970$4,862$2,894
19 years$10,051$8,222$6,680$5,395$4,333$2,490
20 years$9,448$7,641$6,131$4,886$3,870$2,146
21 years$8,904$7,117$5,639$4,434$3,464$1,851
22 years$8,409$6,643$5,197$4,032$3,105$1,599
23 years$7,959$6,213$4,799$3,672$2,787$1,383
24 years$7,546$5,822$4,438$3,349$2,505$1,197
25 years$7,167$5,463$4,111$3,058$2,254$1,037
26 years$6,818$5,135$3,812$2,796$2,030$899
27 years$6,495$4,832$3,540$2,560$1,831$779
28 years$6,196$4,553$3,291$2,345$1,652$676
29 years$5,918$4,296$3,063$2,151$1,491$587
30 years$5,659$4,057$2,853$1,974$1,348$510
31 years$5,417$3,835$2,659$1,813$1,218$443
32 years$5,191$3,629$2,481$1,666$1,102$385
33 years$4,979$3,436$2,317$1,532$997$334
34 years$4,779$3,257$2,165$1,409$903$290
35 years$4,592$3,089$2,024$1,298$818$252
36 years$4,415$2,932$1,893$1,195$741$220
37 years$4,249$2,785$1,772$1,101$672$191
38 years$4,091$2,647$1,659$1,015$609$166
39 years$3,942$2,517$1,555$936$552$144
40 years$3,801$2,394$1,457$863$501$126
41 years$3,667$2,279$1,366$796$454$109
42 years$3,539$2,171$1,282$735$412$95
43 years$3,418$2,068$1,203$678$374$83
44 years$3,303$1,971$1,129$626$340$72
45 years$3,193$1,880$1,060$578$308$63
46 years$3,088$1,793$996$534$280$54
47 years$2,989$1,711$935$494$254$47
48 years$2,893$1,634$879$456$231$41
49 years$2,802$1,560$826$422$210$36
50 years$2,714$1,490$777$390$190$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,780,000, adding $6,051 every year, while hoping to spend $42,729 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: 48/45/7 Blend
63$2,780,000$2,780,000$2,780,000$2,780,000
64$3,069,802$2,922,462$2,879,372$3,211,201
65$3,337,458$3,020,199$2,930,367$3,406,399
66$3,630,983$3,121,293$2,981,639$3,613,198
67$3,952,971$3,225,864$3,033,151$3,836,714
68$4,306,278$3,334,035$3,084,866$4,078,515
69$4,694,050$3,445,935$3,136,741$4,340,321
70$5,119,754$3,561,696$3,188,732$4,624,027
71$5,587,207$3,681,457$3,240,793$4,931,713
72$6,100,615$3,805,362$3,292,873$5,265,669
73$6,664,612$3,933,559$3,344,918$5,628,412
74$7,284,301$4,066,202$3,396,871$6,022,710
75$7,965,305$4,203,451$3,448,672$6,451,609
76$8,713,819$4,345,473$3,500,255$6,918,459
77$9,536,667$4,492,440$3,551,552$7,426,947
78$10,441,368$4,644,530$3,602,489$7,981,129
79$11,436,204$4,801,929$3,652,990$8,585,469
80$12,530,304$4,964,830$3,702,972$9,244,879
81$13,733,721$5,133,433$3,752,347$9,964,767
82$15,057,534$5,307,945$3,801,025$10,751,084
83$16,513,950$5,488,581$3,848,907$11,610,381
84$18,116,418$5,675,567$3,895,890$12,549,871
85$19,879,755$5,869,133$3,941,865$13,577,495
86$21,820,291$6,069,520$3,986,718$14,701,994
87$23,956,014$6,276,980$4,030,327$15,932,994
88$26,306,748$6,491,773$4,072,563$17,281,094
89$28,894,333$6,714,167$4,113,291$18,757,965
90$31,742,838$6,944,444$4,152,370$20,376,461
91$34,878,781$7,182,895$4,189,647$22,150,735
92$38,331,383$7,429,823$4,224,966$24,096,376
93$42,132,841$7,685,542$4,258,160$26,230,552
94$46,318,635$7,950,378$4,289,053$28,572,171
95$50,927,860$8,224,671$4,317,460$31,142,060
96$56,003,595$8,508,772$4,343,188$33,963,158
97$61,593,309$8,803,050$4,366,033$37,060,734
98$67,749,311$9,107,883$4,385,779$40,462,621
99$74,529,239$9,423,668$4,402,201$44,199,479
100$81,996,609$9,750,815$4,415,062$48,305,081