Can I retire at age 64 with 2,850,000?

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 $2,850,000?

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$235,350$233,254$231,209$229,212$227,263$222,674
2 years$116,510$114,340$112,237$110,198$108,220$103,618
3 years$76,902$74,723$72,625$70,605$68,660$64,186
4 years$57,102$54,929$52,852$50,867$48,969$44,659
5 years$45,225$43,065$41,016$39,071$37,225$33,092
6 years$37,309$35,166$33,147$31,245$29,455$25,502
7 years$31,657$29,532$27,545$25,688$23,955$20,183
8 years$27,421$25,315$23,360$21,549$19,873$16,281
9 years$24,127$22,041$20,120$18,355$16,736$13,322
10 years$21,494$19,428$17,541$15,822$14,260$11,021
11 years$19,341$17,296$15,443$13,770$12,264$9,196
12 years$17,548$15,524$13,705$12,078$10,628$7,725
13 years$16,032$14,029$12,245$10,663$9,267$6,527
14 years$14,733$12,752$11,002$9,466$8,124$5,539
15 years$13,609$11,649$9,933$8,442$7,153$4,719
16 years$12,627$10,688$9,006$7,559$6,322$4,032
17 years$11,760$9,843$8,195$6,791$5,605$3,455
18 years$10,991$9,095$7,481$6,120$4,984$2,967
19 years$10,304$8,429$6,849$5,530$4,442$2,552
20 years$9,686$7,833$6,285$5,009$3,968$2,200
21 years$9,128$7,296$5,781$4,546$3,551$1,898
22 years$8,621$6,811$5,328$4,133$3,183$1,640
23 years$8,159$6,370$4,920$3,764$2,857$1,418
24 years$7,736$5,968$4,550$3,433$2,568$1,227
25 years$7,348$5,601$4,214$3,135$2,311$1,063
26 years$6,990$5,264$3,908$2,867$2,082$921
27 years$6,659$4,954$3,629$2,624$1,877$799
28 years$6,352$4,668$3,374$2,404$1,693$693
29 years$6,067$4,404$3,140$2,205$1,529$602
30 years$5,801$4,159$2,925$2,023$1,382$522
31 years$5,553$3,932$2,726$1,858$1,249$454
32 years$5,321$3,720$2,544$1,708$1,130$394
33 years$5,104$3,523$2,375$1,570$1,023$343
34 years$4,900$3,339$2,219$1,445$926$298
35 years$4,708$3,167$2,075$1,330$839$259
36 years$4,526$3,006$1,941$1,225$760$225
37 years$4,356$2,855$1,817$1,129$689$196
38 years$4,194$2,713$1,701$1,040$624$170
39 years$4,041$2,580$1,594$959$566$148
40 years$3,896$2,455$1,494$885$513$129
41 years$3,759$2,337$1,401$816$466$112
42 years$3,628$2,225$1,314$753$423$97
43 years$3,504$2,120$1,233$695$384$85
44 years$3,386$2,021$1,157$642$348$74
45 years$3,274$1,927$1,087$593$316$64
46 years$3,166$1,839$1,021$548$287$56
47 years$3,064$1,755$959$506$261$49
48 years$2,966$1,675$901$468$237$42
49 years$2,872$1,599$847$432$215$37
50 years$2,783$1,528$796$399$195$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,850,000, adding $4,495 every year, while hoping to spend $53,549 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: 67/14/19 Blend
63$2,850,000$2,850,000$2,850,000$2,850,000
64$3,145,337$2,994,287$2,950,112$3,340,989
65$3,409,185$3,084,031$2,991,965$3,562,223
66$3,698,152$3,176,378$3,033,425$3,797,428
67$4,014,741$3,271,399$3,074,423$4,053,335
68$4,361,714$3,369,166$3,114,885$4,331,978
69$4,742,107$3,469,754$3,154,732$4,635,596
70$5,159,270$3,573,239$3,193,883$4,966,655
71$5,616,886$3,679,699$3,232,250$5,327,871
72$6,119,018$3,789,214$3,269,740$5,722,237
73$6,670,138$3,901,865$3,306,256$6,153,046
74$7,275,172$4,017,736$3,341,695$6,623,930
75$7,939,546$4,136,912$3,375,948$7,138,887
76$8,669,239$4,259,481$3,408,902$7,702,319
77$9,470,837$4,385,530$3,440,436$8,319,081
78$10,351,594$4,515,153$3,470,422$8,994,515
79$11,319,502$4,648,440$3,498,726$9,734,512
80$12,383,365$4,785,489$3,525,208$10,545,558
81$13,552,886$4,926,395$3,549,719$11,434,802
82$14,838,749$5,071,257$3,572,104$12,410,116
83$16,252,730$5,220,177$3,592,198$13,480,179
84$17,807,800$5,373,257$3,609,828$14,654,549
85$19,518,252$5,530,603$3,624,814$15,943,758
86$21,399,833$5,692,322$3,636,964$17,359,413
87$23,469,893$5,858,523$3,646,079$18,914,300
88$25,747,548$6,029,316$3,651,949$20,622,509
89$28,253,861$6,204,816$3,654,353$22,499,565
90$31,012,040$6,385,138$3,653,059$24,562,575
91$34,047,657$6,570,398$3,647,825$26,830,390
92$37,388,887$6,760,716$3,638,396$29,323,780
93$41,066,776$6,956,214$3,624,505$32,065,633
94$45,115,532$7,157,014$3,605,871$35,081,171
95$49,572,850$7,363,241$3,582,201$38,398,186
96$54,480,263$7,575,023$3,553,188$42,047,302
97$59,883,539$7,792,488$3,518,509$46,062,267
98$65,833,107$8,015,767$3,477,826$50,480,268
99$72,384,537$8,244,992$3,430,785$55,342,284
100$79,599,060$8,480,297$3,377,018$60,693,475