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%13.2%
1 years$164,332$162,869$161,440$160,046$158,685$156,573
2 years$81,353$79,838$78,369$76,945$75,564$73,439
3 years$53,696$52,175$50,710$49,300$47,941$45,870
4 years$39,871$38,354$36,904$35,518$34,192$32,190
5 years$31,578$30,070$28,639$27,281$25,992$24,066
6 years$26,051$24,554$23,145$21,817$20,567$18,718
7 years$22,105$20,621$19,233$17,937$16,726$14,956
8 years$19,146$17,676$16,311$15,047$13,876$12,184
9 years$16,847$15,390$14,049$12,816$11,686$10,071
10 years$15,008$13,565$12,248$11,048$9,957$8,418
11 years$13,504$12,077$10,783$9,615$8,563$7,099
12 years$12,253$10,839$9,570$8,434$7,421$6,030
13 years$11,194$9,796$8,550$7,446$6,471$5,152
14 years$10,288$8,904$7,682$6,609$5,672$4,422
15 years$9,503$8,134$6,936$5,894$4,994$3,812
16 years$8,816$7,463$6,288$5,278$4,414$3,296
17 years$8,212$6,873$5,722$4,742$3,914$2,859
18 years$7,675$6,351$5,224$4,274$3,480$2,485
19 years$7,195$5,886$4,782$3,862$3,102$2,165
20 years$6,763$5,469$4,389$3,497$2,771$1,890
21 years$6,374$5,095$4,037$3,174$2,479$1,652
22 years$6,020$4,756$3,720$2,886$2,222$1,446
23 years$5,697$4,448$3,435$2,628$1,995$1,267
24 years$5,402$4,167$3,177$2,397$1,793$1,111
25 years$5,131$3,911$2,943$2,189$1,614$975
26 years$4,881$3,676$2,729$2,002$1,453$857
27 years$4,649$3,459$2,534$1,832$1,310$753
28 years$4,435$3,259$2,356$1,679$1,182$663
29 years$4,236$3,075$2,192$1,539$1,068$583
30 years$4,051$2,904$2,042$1,413$965$514
31 years$3,878$2,745$1,904$1,298$872$452
32 years$3,716$2,598$1,776$1,192$789$399
33 years$3,564$2,460$1,658$1,097$714$351
34 years$3,421$2,331$1,550$1,009$646$310
35 years$3,287$2,211$1,449$929$586$273
36 years$3,161$2,099$1,355$855$530$241
37 years$3,041$1,993$1,269$788$481$213
38 years$2,928$1,894$1,188$726$436$188
39 years$2,822$1,801$1,113$670$395$165
40 years$2,721$1,714$1,043$618$359$146
41 years$2,625$1,632$978$570$325$129
42 years$2,534$1,554$918$526$295$114
43 years$2,447$1,480$861$486$268$100
44 years$2,364$1,411$808$448$243$89
45 years$2,286$1,346$759$414$221$78
46 years$2,211$1,284$713$382$200$69
47 years$2,139$1,225$670$353$182$61
48 years$2,071$1,170$629$327$165$54
49 years$2,006$1,117$591$302$150$48
50 years$1,943$1,067$556$279$136$42

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 $5,184 every year, while hoping to spend $46,339 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: 62/8/30 Blend
63$1,990,000$1,990,000$1,990,000$1,990,000
64$2,198,327$2,092,857$2,062,012$2,316,532
65$2,373,252$2,146,103$2,081,785$2,450,866
66$2,564,467$2,200,405$2,100,668$2,592,043
67$2,773,583$2,255,765$2,118,581$2,745,243
68$3,002,376$2,312,186$2,135,441$2,911,654
69$3,252,802$2,369,666$2,151,162$3,092,584
70$3,527,014$2,428,205$2,165,651$3,289,477
71$3,827,381$2,487,799$2,178,812$3,503,922
72$4,156,514$2,548,442$2,190,544$3,737,670
73$4,517,290$2,610,127$2,200,738$3,992,653
74$4,912,875$2,672,844$2,209,284$4,270,999
75$5,346,756$2,736,582$2,216,063$4,575,053
76$5,822,775$2,801,324$2,220,951$4,907,400
77$6,345,163$2,867,054$2,223,818$5,270,891
78$6,918,582$2,933,752$2,224,528$5,668,665
79$7,548,165$3,001,394$2,222,938$6,104,184
80$8,239,569$3,069,952$2,218,896$6,581,264
81$8,999,022$3,139,397$2,212,246$7,104,109
82$9,833,388$3,209,694$2,202,823$7,677,357
83$10,750,229$3,280,804$2,190,452$8,306,114
84$11,757,873$3,352,684$2,174,953$8,996,013
85$12,865,497$3,425,286$2,156,135$9,753,260
86$14,083,211$3,498,559$2,133,799$10,584,698
87$15,422,152$3,572,442$2,107,735$11,497,866
88$16,894,593$3,646,873$2,077,726$12,501,075
89$18,514,054$3,721,782$2,043,542$13,603,488
90$20,295,430$3,797,092$2,004,944$14,815,200
91$22,255,135$3,872,720$1,961,680$16,147,342
92$24,411,250$3,948,576$1,913,488$17,612,179
93$26,783,702$4,024,560$1,860,094$19,223,231
94$29,394,442$4,100,566$1,801,209$20,995,401
95$32,267,660$4,176,479$1,736,535$22,945,111
96$35,430,009$4,252,173$1,665,756$25,090,465
97$38,910,854$4,327,515$1,588,544$27,451,415
98$42,742,557$4,402,358$1,504,555$30,049,951
99$46,960,771$4,476,547$1,413,431$32,910,310
100$51,604,784$4,549,912$1,314,796$36,059,205