Can I retire at age 64 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$239,479$237,346$235,265$233,234$231,250$227,700
2 years$118,554$116,346$114,206$112,132$110,119$106,551
3 years$78,251$76,033$73,899$71,844$69,864$66,389
4 years$58,103$55,893$53,780$51,759$49,828$46,473
5 years$46,018$43,821$41,735$39,756$37,878$34,653
6 years$37,964$35,783$33,728$31,793$29,972$26,880
7 years$32,213$30,050$28,028$26,139$24,375$21,417
8 years$27,902$25,759$23,770$21,927$20,221$17,397
9 years$24,550$22,428$20,473$18,677$17,029$14,338
10 years$21,871$19,769$17,849$16,100$14,510$11,948
11 years$19,680$17,599$15,714$14,012$12,479$10,045
12 years$17,855$15,796$13,946$12,290$10,814$8,505
13 years$16,313$14,275$12,460$10,850$9,430$7,242
14 years$14,992$12,975$11,195$9,632$8,266$6,196
15 years$13,848$11,853$10,108$8,590$7,278$5,322
16 years$12,848$10,875$9,164$7,691$6,433$4,587
17 years$11,967$10,016$8,339$6,911$5,704$3,964
18 years$11,184$9,255$7,612$6,228$5,071$3,434
19 years$10,485$8,577$6,969$5,627$4,520$2,980
20 years$9,856$7,970$6,396$5,097$4,038$2,591
21 years$9,288$7,424$5,883$4,626$3,613$2,257
22 years$8,772$6,930$5,422$4,206$3,239$1,968
23 years$8,302$6,482$5,006$3,830$2,907$1,717
24 years$7,872$6,073$4,630$3,493$2,613$1,501
25 years$7,477$5,699$4,288$3,190$2,351$1,312
26 years$7,112$5,356$3,977$2,917$2,118$1,148
27 years$6,776$5,041$3,693$2,670$1,910$1,005
28 years$6,463$4,750$3,433$2,446$1,723$881
29 years$6,173$4,481$3,195$2,243$1,556$772
30 years$5,903$4,232$2,976$2,059$1,406$677
31 years$5,651$4,001$2,774$1,891$1,271$594
32 years$5,415$3,785$2,588$1,738$1,150$521
33 years$5,193$3,585$2,417$1,598$1,040$457
34 years$4,986$3,398$2,258$1,470$942$402
35 years$4,790$3,223$2,111$1,354$853$353
36 years$4,606$3,059$1,975$1,247$773$310
37 years$4,432$2,905$1,849$1,149$701$272
38 years$4,268$2,761$1,731$1,059$635$239
39 years$4,112$2,625$1,622$976$576$210
40 years$3,965$2,498$1,520$900$522$185
41 years$3,825$2,378$1,425$831$474$162
42 years$3,692$2,264$1,337$767$430$143
43 years$3,566$2,157$1,255$708$390$125
44 years$3,446$2,056$1,178$653$354$110
45 years$3,331$1,961$1,106$603$322$97
46 years$3,222$1,871$1,039$557$292$85
47 years$3,118$1,785$976$515$265$75
48 years$3,018$1,704$917$476$241$66
49 years$2,923$1,628$862$440$219$58
50 years$2,831$1,555$810$406$199$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,900,000, adding $5,016 every year, while hoping to spend $51,835 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: 67/18/15 Blend
63$2,900,000$2,900,000$2,900,000$2,900,000
64$3,200,974$3,047,274$3,002,324$3,403,803
65$3,472,321$3,141,438$3,047,750$3,633,930
66$3,769,609$3,238,480$3,092,960$3,878,904
67$4,095,428$3,338,484$3,137,893$4,145,465
68$4,452,631$3,441,540$3,182,483$4,435,726
69$4,844,363$3,547,739$3,226,659$4,752,015
70$5,274,085$3,657,174$3,270,349$5,096,894
71$5,745,610$3,769,944$3,313,474$5,473,185
72$6,263,137$3,886,147$3,355,951$5,883,995
73$6,831,294$4,005,885$3,397,692$6,332,745
74$7,455,177$4,129,264$3,438,605$6,823,205
75$8,140,399$4,256,391$3,478,592$7,359,523
76$8,893,144$4,387,379$3,517,550$7,946,273
77$9,720,226$4,522,342$3,555,369$8,588,488
78$10,629,149$4,661,397$3,591,934$9,291,714
79$11,628,183$4,804,666$3,627,124$10,062,062
80$12,726,437$4,952,274$3,660,812$10,906,260
81$13,933,945$5,104,347$3,692,861$11,831,723
82$15,261,767$5,261,019$3,723,131$12,846,616
83$16,722,082$5,422,425$3,751,471$13,959,937
84$18,328,314$5,588,703$3,777,725$15,181,599
85$20,095,249$5,759,997$3,801,726$16,522,520
86$22,039,182$5,936,453$3,823,301$17,994,732
87$24,178,063$6,118,225$3,842,266$19,611,489
88$26,531,674$6,305,465$3,858,430$21,387,397
89$29,121,807$6,498,336$3,871,590$23,338,545
90$31,972,476$6,696,999$3,881,534$25,482,662
91$35,110,142$6,901,626$3,888,038$27,839,282
92$38,563,958$7,112,387$3,890,869$30,429,928
93$42,366,050$7,329,462$3,889,782$33,278,314
94$46,551,816$7,553,034$3,884,518$36,410,571
95$51,160,259$7,783,291$3,874,807$39,855,491
96$56,234,358$8,020,425$3,860,365$43,644,800
97$61,821,471$8,264,634$3,840,897$47,813,457
98$67,973,783$8,516,123$3,816,088$52,399,980
99$74,748,797$8,775,101$3,785,615$57,446,817
100$82,209,874$9,041,781$3,749,134$63,000,738