Can I retire at age 64 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$232,873$230,799$228,775$226,800$224,871$218,637
2 years$115,284$113,137$111,056$109,038$107,081$100,847
3 years$76,092$73,936$71,860$69,862$67,937$61,898
4 years$56,501$54,351$52,296$50,332$48,453$42,656
5 years$44,748$42,612$40,584$38,659$36,833$31,293
6 years$36,916$34,796$32,798$30,916$29,145$23,867
7 years$31,324$29,221$27,255$25,418$23,703$18,688
8 years$27,132$25,048$23,114$21,323$19,664$14,909
9 years$23,873$21,809$19,909$18,162$16,560$12,060
10 years$21,267$19,223$17,357$15,656$14,110$9,860
11 years$19,137$17,113$15,281$13,625$12,135$8,128
12 years$17,363$15,360$13,561$11,951$10,516$6,744
13 years$15,863$13,881$12,116$10,551$9,170$5,626
14 years$14,578$12,618$10,886$9,366$8,038$4,713
15 years$13,466$11,526$9,829$8,353$7,078$3,962
16 years$12,494$10,575$8,911$7,479$6,255$3,340
17 years$11,637$9,739$8,109$6,720$5,546$2,823
18 years$10,876$9,000$7,402$6,056$4,931$2,390
19 years$10,196$8,341$6,777$5,472$4,396$2,027
20 years$9,584$7,751$6,219$4,956$3,926$1,722
21 years$9,032$7,219$5,720$4,498$3,513$1,465
22 years$8,530$6,739$5,272$4,090$3,149$1,247
23 years$8,073$6,303$4,868$3,725$2,827$1,062
24 years$7,655$5,905$4,502$3,397$2,541$906
25 years$7,270$5,542$4,170$3,102$2,287$773
26 years$6,916$5,209$3,867$2,837$2,060$660
27 years$6,589$4,902$3,591$2,596$1,857$563
28 years$6,285$4,619$3,338$2,379$1,676$481
29 years$6,003$4,357$3,107$2,181$1,513$411
30 years$5,740$4,115$2,894$2,002$1,367$351
31 years$5,495$3,890$2,698$1,839$1,236$300
32 years$5,265$3,681$2,517$1,690$1,118$257
33 years$5,050$3,486$2,350$1,554$1,012$220
34 years$4,848$3,304$2,196$1,430$916$188
35 years$4,658$3,134$2,053$1,316$830$161
36 years$4,479$2,974$1,921$1,212$752$138
37 years$4,310$2,825$1,798$1,117$681$118
38 years$4,150$2,685$1,683$1,029$618$101
39 years$3,999$2,553$1,577$949$560$86
40 years$3,855$2,429$1,478$875$508$74
41 years$3,719$2,312$1,386$808$461$63
42 years$3,590$2,202$1,300$745$418$54
43 years$3,467$2,098$1,220$688$380$46
44 years$3,351$2,000$1,145$635$345$40
45 years$3,239$1,907$1,075$587$313$34
46 years$3,133$1,819$1,010$542$284$29
47 years$3,032$1,736$949$501$258$25
48 years$2,935$1,657$892$463$234$21
49 years$2,842$1,583$838$428$213$18
50 years$2,753$1,512$788$395$193$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,820,000, adding $4,186 every year, while hoping to spend $44,917 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: 61/21/18 Blend
63$2,820,000$2,820,000$2,820,000$2,820,000
64$3,111,958$2,962,498$2,918,788$3,287,172
65$3,381,586$3,059,869$2,968,776$3,503,263
66$3,677,211$3,160,506$3,018,933$3,733,607
67$4,001,437$3,264,521$3,069,218$3,983,948
68$4,357,132$3,372,031$3,119,585$4,256,232
69$4,747,456$3,483,157$3,169,988$4,552,602
70$5,175,889$3,598,024$3,220,374$4,875,414
71$5,646,264$3,716,761$3,270,691$5,227,265
72$6,162,804$3,839,503$3,320,880$5,611,011
73$6,730,160$3,966,389$3,370,880$6,029,799
74$7,353,457$4,097,564$3,420,626$6,487,094
75$8,038,341$4,233,175$3,470,048$6,986,711
76$8,791,030$4,373,379$3,519,072$7,532,850
77$9,618,376$4,518,335$3,567,622$8,130,139
78$10,527,926$4,668,210$3,615,614$8,783,673
79$11,527,998$4,823,175$3,662,960$9,499,063
80$12,627,753$4,983,411$3,709,569$10,282,492
81$13,837,287$5,149,100$3,755,341$11,140,767
82$15,167,720$5,320,436$3,800,175$12,081,389
83$16,631,306$5,497,616$3,843,960$13,112,618
84$18,241,547$5,680,847$3,886,581$14,243,554
85$20,013,319$5,870,343$3,927,916$15,484,221
86$21,963,013$6,066,325$3,967,836$16,845,663
87$24,108,688$6,269,023$4,006,206$18,340,046
88$26,470,244$6,478,674$4,042,883$19,980,772
89$29,069,606$6,695,526$4,077,717$21,782,607
90$31,930,933$6,919,835$4,110,548$23,761,818
91$35,080,848$7,151,866$4,141,211$25,936,328
92$38,548,682$7,391,895$4,169,529$28,325,885
93$42,366,757$7,640,207$4,195,318$30,952,242
94$46,570,688$7,897,099$4,218,383$33,839,372
95$51,199,719$8,162,878$4,238,520$37,013,685
96$56,297,095$8,437,864$4,255,514$40,504,280
97$61,910,465$8,722,386$4,269,141$44,343,222
98$68,092,338$9,016,788$4,279,163$48,565,838
99$74,900,573$9,321,427$4,285,331$53,211,055
100$82,398,926$9,636,672$4,287,384$58,321,764