Can I retire at age 64 with 2,810,000?

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$232,047$229,980$227,964$225,995$224,073$220,725
2 years$114,875$112,735$110,662$108,652$106,702$103,336
3 years$75,822$73,674$71,606$69,614$67,696$64,417
4 years$56,300$54,158$52,111$50,153$48,281$45,115
5 years$44,590$42,461$40,440$38,522$36,703$33,658
6 years$36,785$34,672$32,681$30,807$29,042$26,122
7 years$31,213$29,118$27,158$25,328$23,619$20,825
8 years$27,036$24,959$23,033$21,247$19,594$16,926
9 years$23,788$21,732$19,838$18,098$16,501$13,958
10 years$21,192$19,155$17,295$15,600$14,060$11,639
11 years$19,069$17,053$15,226$13,577$12,092$9,791
12 years$17,301$15,306$13,513$11,909$10,478$8,295
13 years$15,807$13,832$12,073$10,514$9,137$7,068
14 years$14,527$12,573$10,848$9,333$8,010$6,051
15 years$13,418$11,485$9,794$8,323$7,052$5,201
16 years$12,449$10,538$8,880$7,453$6,233$4,486
17 years$11,595$9,705$8,080$6,696$5,527$3,879
18 years$10,837$8,968$7,376$6,035$4,914$3,363
19 years$10,159$8,311$6,752$5,453$4,380$2,921
20 years$9,550$7,723$6,197$4,938$3,912$2,542
21 years$9,000$7,194$5,700$4,482$3,501$2,215
22 years$8,500$6,715$5,254$4,075$3,138$1,933
23 years$8,045$6,281$4,851$3,711$2,817$1,688
24 years$7,628$5,884$4,486$3,385$2,532$1,476
25 years$7,245$5,522$4,155$3,091$2,278$1,292
26 years$6,892$5,190$3,854$2,827$2,052$1,131
27 years$6,565$4,884$3,578$2,587$1,850$991
28 years$6,263$4,603$3,327$2,370$1,670$869
29 years$5,982$4,342$3,096$2,174$1,508$763
30 years$5,720$4,101$2,883$1,995$1,362$669
31 years$5,475$3,876$2,688$1,832$1,232$588
32 years$5,247$3,668$2,508$1,684$1,114$516
33 years$5,032$3,474$2,342$1,548$1,008$453
34 years$4,831$3,292$2,188$1,425$913$398
35 years$4,641$3,123$2,046$1,312$827$350
36 years$4,463$2,964$1,914$1,208$749$308
37 years$4,294$2,815$1,791$1,113$679$271
38 years$4,135$2,675$1,677$1,026$616$238
39 years$3,985$2,544$1,572$946$558$209
40 years$3,842$2,420$1,473$872$506$184
41 years$3,706$2,304$1,381$805$459$162
42 years$3,578$2,194$1,296$743$417$142
43 years$3,455$2,090$1,216$686$378$125
44 years$3,339$1,993$1,141$633$343$110
45 years$3,228$1,900$1,072$585$312$97
46 years$3,122$1,813$1,006$540$283$85
47 years$3,021$1,730$946$499$257$75
48 years$2,924$1,651$889$461$233$66
49 years$2,832$1,577$835$426$212$58
50 years$2,744$1,506$785$394$193$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,810,000, adding $4,652 every year, while hoping to spend $22,496 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: 55/26/19 Blend
63$2,810,000$2,810,000$2,810,000$2,810,000
64$3,101,419$2,952,489$2,908,934$3,255,883
65$3,393,828$3,073,225$2,982,447$3,482,639
66$3,715,309$3,199,123$3,057,670$3,726,654
67$4,068,803$3,330,413$3,134,634$3,991,886
68$4,457,551$3,467,334$3,213,375$4,280,372
69$4,885,124$3,610,136$3,293,926$4,594,352
70$5,355,457$3,759,082$3,376,322$4,936,288
71$5,872,882$3,914,447$3,460,598$5,308,889
72$6,442,177$4,076,515$3,546,789$5,715,134
73$7,068,603$4,245,589$3,634,930$6,158,302
74$7,757,958$4,421,980$3,725,058$6,642,000
75$8,516,631$4,606,018$3,817,209$7,170,197
76$9,351,661$4,798,046$3,911,418$7,747,258
77$10,270,802$4,998,423$4,007,723$8,377,991
78$11,282,603$5,207,524$4,106,161$9,067,686
79$12,396,478$5,425,743$4,206,767$9,822,163
80$13,622,805$5,653,490$4,309,580$10,647,832
81$14,973,017$5,891,197$4,414,636$11,551,747
82$16,459,712$6,139,313$4,521,974$12,541,675
83$18,096,772$6,398,309$4,631,630$13,626,164
84$19,899,495$6,668,678$4,743,642$14,814,630
85$21,884,737$6,950,937$4,858,047$16,117,435
86$24,071,071$7,245,624$4,974,882$17,545,993
87$26,478,965$7,553,304$5,094,186$19,112,870
88$29,130,973$7,874,569$5,215,994$20,831,905
89$32,051,947$8,210,038$5,340,344$22,718,337
90$35,269,273$8,560,357$5,467,273$24,788,948
91$38,813,129$8,926,205$5,596,817$27,062,221
92$42,716,769$9,308,290$5,729,012$29,558,513
93$47,016,839$9,707,356$5,863,894$32,300,244
94$51,753,720$10,124,179$6,001,497$35,312,107
95$56,971,909$10,559,574$6,141,857$38,621,302
96$62,720,441$11,014,390$6,285,007$42,257,788
97$69,053,352$11,489,521$6,430,980$46,254,564
98$76,030,186$11,985,899$6,579,810$50,647,983
99$83,716,558$12,504,502$6,731,527$55,478,087
100$92,184,776$13,046,352$6,886,162$60,788,986