Can I retire at age 64 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$164,332$162,869$161,440$160,046$158,685$157,094
2 years$81,353$79,838$78,369$76,945$75,564$73,961
3 years$53,696$52,175$50,710$49,300$47,941$46,376
4 years$39,871$38,354$36,904$35,518$34,192$32,677
5 years$31,578$30,070$28,639$27,281$25,992$24,532
6 years$26,051$24,554$23,145$21,817$20,567$19,163
7 years$22,105$20,621$19,233$17,937$16,726$15,380
8 years$19,146$17,676$16,311$15,047$13,876$12,587
9 years$16,847$15,390$14,049$12,816$11,686$10,453
10 years$15,008$13,565$12,248$11,048$9,957$8,780
11 years$13,504$12,077$10,783$9,615$8,563$7,442
12 years$12,253$10,839$9,570$8,434$7,421$6,353
13 years$11,194$9,796$8,550$7,446$6,471$5,456
14 years$10,288$8,904$7,682$6,609$5,672$4,708
15 years$9,503$8,134$6,936$5,894$4,994$4,080
16 years$8,816$7,463$6,288$5,278$4,414$3,548
17 years$8,212$6,873$5,722$4,742$3,914$3,094
18 years$7,675$6,351$5,224$4,274$3,480$2,706
19 years$7,195$5,886$4,782$3,862$3,102$2,371
20 years$6,763$5,469$4,389$3,497$2,771$2,081
21 years$6,374$5,095$4,037$3,174$2,479$1,830
22 years$6,020$4,756$3,720$2,886$2,222$1,612
23 years$5,697$4,448$3,435$2,628$1,995$1,421
24 years$5,402$4,167$3,177$2,397$1,793$1,254
25 years$5,131$3,911$2,943$2,189$1,614$1,108
26 years$4,881$3,676$2,729$2,002$1,453$979
27 years$4,649$3,459$2,534$1,832$1,310$867
28 years$4,435$3,259$2,356$1,679$1,182$767
29 years$4,236$3,075$2,192$1,539$1,068$680
30 years$4,051$2,904$2,042$1,413$965$602
31 years$3,878$2,745$1,904$1,298$872$534
32 years$3,716$2,598$1,776$1,192$789$474
33 years$3,564$2,460$1,658$1,097$714$420
34 years$3,421$2,331$1,550$1,009$646$373
35 years$3,287$2,211$1,449$929$586$331
36 years$3,161$2,099$1,355$855$530$294
37 years$3,041$1,993$1,269$788$481$261
38 years$2,928$1,894$1,188$726$436$232
39 years$2,822$1,801$1,113$670$395$206
40 years$2,721$1,714$1,043$618$359$183
41 years$2,625$1,632$978$570$325$163
42 years$2,534$1,554$918$526$295$145
43 years$2,447$1,480$861$486$268$129
44 years$2,364$1,411$808$448$243$114
45 years$2,286$1,346$759$414$221$102
46 years$2,211$1,284$713$382$200$90
47 years$2,139$1,225$670$353$182$80
48 years$2,071$1,170$629$327$165$72
49 years$2,006$1,117$591$302$150$64
50 years$1,943$1,067$556$279$136$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $1,990,000, adding $4,072 every year, while hoping to spend $23,758 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: 63/11/26 Blend
63$1,990,000$1,990,000$1,990,000$1,990,000
64$2,197,180$2,091,710$2,060,865$2,320,223
65$2,396,014$2,168,926$2,104,626$2,481,244
66$2,614,333$2,249,129$2,149,056$2,654,070
67$2,854,099$2,332,440$2,194,154$2,842,326
68$3,117,474$2,418,986$2,239,915$3,047,526
69$3,406,839$2,508,899$2,286,335$3,271,338
70$3,724,819$2,602,317$2,333,408$3,515,597
71$4,074,302$2,699,382$2,381,129$3,782,326
72$4,458,473$2,800,245$2,429,490$4,073,749
73$4,880,840$2,905,060$2,478,481$4,392,318
74$5,345,269$3,013,990$2,528,093$4,740,733
75$5,856,016$3,127,206$2,578,314$5,121,966
76$6,417,774$3,244,883$2,629,131$5,539,291
77$7,035,712$3,367,207$2,680,532$5,996,315
78$7,715,523$3,494,369$2,732,498$6,497,008
79$8,463,484$3,626,570$2,785,014$7,045,747
80$9,286,507$3,764,020$2,838,060$7,647,350
81$10,192,211$3,906,937$2,891,616$8,307,125
82$11,188,989$4,055,549$2,945,657$9,030,921
83$12,286,089$4,210,095$3,000,160$9,825,177
84$13,493,701$4,370,821$3,055,097$10,696,992
85$14,823,055$4,537,987$3,110,438$11,654,182
86$16,286,522$4,711,864$3,166,154$12,705,359
87$17,897,736$4,892,734$3,222,208$13,860,013
88$19,671,718$5,080,891$3,278,565$15,128,596
89$21,625,021$5,276,642$3,335,185$16,522,626
90$23,775,885$5,480,310$3,392,026$18,054,791
91$26,144,408$5,692,228$3,449,041$19,739,071
92$28,752,737$5,912,746$3,506,183$21,590,870
93$31,625,276$6,142,230$3,563,400$23,627,158
94$34,788,916$6,381,062$3,620,636$25,866,634
95$38,273,291$6,629,639$3,677,833$28,329,902
96$42,111,052$6,888,377$3,734,926$31,039,661
97$46,338,183$7,157,710$3,791,849$34,020,927
98$50,994,332$7,438,093$3,848,531$37,301,258
99$56,123,193$7,729,999$3,904,896$40,911,023
100$61,772,913$8,033,922$3,960,863$44,883,685