Can I retire at age 64 with 2,880,000?

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$237,828$235,709$233,642$231,625$229,655$225,851
2 years$117,736$115,544$113,419$111,358$109,360$105,538
3 years$77,711$75,509$73,389$71,348$69,382$65,662
4 years$57,703$55,507$53,409$51,402$49,484$45,894
5 years$45,701$43,518$41,447$39,482$37,617$34,167
6 years$37,702$35,536$33,496$31,574$29,765$26,460
7 years$31,991$29,843$27,835$25,959$24,207$21,048
8 years$27,709$25,581$23,606$21,776$20,082$17,068
9 years$24,381$22,273$20,332$18,548$16,912$14,041
10 years$21,720$19,632$17,726$15,989$14,410$11,680
11 years$19,544$17,478$15,606$13,915$12,393$9,801
12 years$17,732$15,687$13,850$12,205$10,739$8,282
13 years$16,200$14,176$12,374$10,776$9,365$7,038
14 years$14,888$12,886$11,118$9,565$8,209$6,010
15 years$13,752$11,772$10,038$8,531$7,228$5,151
16 years$12,759$10,800$9,101$7,638$6,388$4,430
17 years$11,884$9,947$8,281$6,863$5,664$3,820
18 years$11,107$9,191$7,560$6,185$5,036$3,302
19 years$10,413$8,518$6,921$5,589$4,489$2,860
20 years$9,788$7,916$6,351$5,062$4,010$2,481
21 years$9,224$7,373$5,842$4,594$3,588$2,156
22 years$8,712$6,882$5,384$4,177$3,216$1,875
23 years$8,245$6,437$4,972$3,804$2,887$1,633
24 years$7,818$6,031$4,598$3,469$2,595$1,424
25 years$7,425$5,660$4,259$3,168$2,335$1,242
26 years$7,063$5,319$3,950$2,897$2,103$1,084
27 years$6,729$5,006$3,668$2,652$1,896$947
28 years$6,419$4,717$3,409$2,429$1,711$828
29 years$6,131$4,450$3,173$2,228$1,545$724
30 years$5,862$4,203$2,955$2,045$1,396$633
31 years$5,612$3,973$2,755$1,878$1,262$554
32 years$5,377$3,759$2,571$1,726$1,142$485
33 years$5,158$3,560$2,400$1,587$1,033$425
34 years$4,951$3,374$2,243$1,460$936$372
35 years$4,757$3,200$2,097$1,344$847$326
36 years$4,574$3,038$1,961$1,238$768$285
37 years$4,401$2,885$1,836$1,141$696$250
38 years$4,238$2,742$1,719$1,051$631$219
39 years$4,084$2,607$1,611$969$572$192
40 years$3,937$2,480$1,510$894$519$168
41 years$3,799$2,361$1,416$825$471$148
42 years$3,667$2,249$1,328$761$427$129
43 years$3,541$2,143$1,246$703$388$113
44 years$3,422$2,042$1,170$649$352$99
45 years$3,308$1,948$1,098$599$319$87
46 years$3,200$1,858$1,031$554$290$76
47 years$3,096$1,773$969$511$263$67
48 years$2,997$1,693$911$473$239$59
49 years$2,902$1,616$856$437$217$52
50 years$2,812$1,544$805$404$197$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,880,000, adding $2,092 every year, while hoping to spend $35,938 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: 54/17/29 Blend
63$2,880,000$2,880,000$2,880,000$2,880,000
64$3,175,918$3,023,278$2,978,638$3,321,651
65$3,461,624$3,133,181$3,040,185$3,532,668
66$3,775,267$3,247,264$3,102,588$3,758,447
67$4,119,660$3,365,696$3,165,840$4,003,557
68$4,497,899$3,488,649$3,229,930$4,269,868
69$4,913,396$3,616,304$3,294,844$4,559,439
70$5,369,911$3,748,851$3,360,570$4,874,538
71$5,871,584$3,886,487$3,427,091$5,217,658
72$6,422,976$4,029,415$3,494,389$5,591,545
73$7,029,114$4,177,851$3,562,446$5,999,223
74$7,695,534$4,332,016$3,631,238$6,444,020
75$8,428,337$4,492,144$3,700,743$6,929,600
76$9,234,243$4,658,475$3,770,934$7,459,998
77$10,120,658$4,831,262$3,841,782$8,039,656
78$11,095,739$5,010,767$3,913,256$8,673,469
79$12,168,476$5,197,267$3,985,321$9,366,822
80$13,348,773$5,391,045$4,057,941$10,125,651
81$14,647,542$5,592,400$4,131,077$10,956,490
82$16,076,807$5,801,643$4,204,684$11,866,537
83$17,649,816$6,019,099$4,278,715$12,863,720
84$19,381,167$6,245,105$4,353,123$13,956,771
85$21,286,945$6,480,014$4,427,851$15,155,309
86$23,384,872$6,724,194$4,502,843$16,469,928
87$25,694,478$6,978,028$4,578,037$17,912,300
88$28,237,281$7,241,917$4,653,367$19,495,282
89$31,036,991$7,516,279$4,728,763$21,233,038
90$34,119,737$7,801,549$4,804,149$23,141,170
91$37,514,307$8,098,182$4,879,444$25,236,868
92$41,252,425$8,406,652$4,954,565$27,539,069
93$45,369,049$8,727,454$5,029,419$30,068,636
94$49,902,698$9,061,105$5,103,911$32,848,556
95$54,895,818$9,408,145$5,177,937$35,904,153
96$60,395,183$9,769,135$5,251,389$39,263,329
97$66,452,332$10,144,663$5,324,151$42,956,823
98$73,124,062$10,535,343$5,396,102$47,018,508
99$80,472,955$10,941,815$5,467,111$51,485,701
100$88,567,979$11,364,745$5,537,041$56,399,521