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%17.9%
1 years$164,332$162,869$161,440$160,046$158,685$153,606
2 years$81,353$79,838$78,369$76,945$75,564$70,494
3 years$53,696$52,175$50,710$49,300$47,941$43,038
4 years$39,871$38,354$36,904$35,518$34,192$29,495
5 years$31,578$30,070$28,639$27,281$25,992$21,513
6 years$26,051$24,554$23,145$21,817$20,567$16,309
7 years$22,105$20,621$19,233$17,937$16,726$12,690
8 years$19,146$17,676$16,311$15,047$13,876$10,059
9 years$16,847$15,390$14,049$12,816$11,686$8,083
10 years$15,008$13,565$12,248$11,048$9,957$6,563
11 years$13,504$12,077$10,783$9,615$8,563$5,372
12 years$12,253$10,839$9,570$8,434$7,421$4,425
13 years$11,194$9,796$8,550$7,446$6,471$3,664
14 years$10,288$8,904$7,682$6,609$5,672$3,046
15 years$9,503$8,134$6,936$5,894$4,994$2,541
16 years$8,816$7,463$6,288$5,278$4,414$2,125
17 years$8,212$6,873$5,722$4,742$3,914$1,782
18 years$7,675$6,351$5,224$4,274$3,480$1,496
19 years$7,195$5,886$4,782$3,862$3,102$1,259
20 years$6,763$5,469$4,389$3,497$2,771$1,060
21 years$6,374$5,095$4,037$3,174$2,479$894
22 years$6,020$4,756$3,720$2,886$2,222$755
23 years$5,697$4,448$3,435$2,628$1,995$637
24 years$5,402$4,167$3,177$2,397$1,793$539
25 years$5,131$3,911$2,943$2,189$1,614$456
26 years$4,881$3,676$2,729$2,002$1,453$385
27 years$4,649$3,459$2,534$1,832$1,310$326
28 years$4,435$3,259$2,356$1,679$1,182$276
29 years$4,236$3,075$2,192$1,539$1,068$234
30 years$4,051$2,904$2,042$1,413$965$198
31 years$3,878$2,745$1,904$1,298$872$168
32 years$3,716$2,598$1,776$1,192$789$142
33 years$3,564$2,460$1,658$1,097$714$121
34 years$3,421$2,331$1,550$1,009$646$102
35 years$3,287$2,211$1,449$929$586$87
36 years$3,161$2,099$1,355$855$530$73
37 years$3,041$1,993$1,269$788$481$62
38 years$2,928$1,894$1,188$726$436$53
39 years$2,822$1,801$1,113$670$395$45
40 years$2,721$1,714$1,043$618$359$38
41 years$2,625$1,632$978$570$325$32
42 years$2,534$1,554$918$526$295$27
43 years$2,447$1,480$861$486$268$23
44 years$2,364$1,411$808$448$243$20
45 years$2,286$1,346$759$414$221$17
46 years$2,211$1,284$713$382$200$14
47 years$2,139$1,225$670$353$182$12
48 years$2,071$1,170$629$327$165$10
49 years$2,006$1,117$591$302$150$9
50 years$1,943$1,067$556$279$136$7

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 $4,911 every year, while hoping to spend $37,528 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: 60/16/24 Blend
63$1,990,000$1,990,000$1,990,000$1,990,000
64$2,198,046$2,092,576$2,061,731$2,315,567
65$2,382,317$2,155,182$2,090,869$2,458,611
66$2,584,126$2,219,599$2,119,726$2,610,113
67$2,805,222$2,285,875$2,148,252$2,774,601
68$3,047,532$2,354,060$2,176,396$2,953,344
69$3,313,177$2,424,205$2,204,102$3,147,741
70$3,604,493$2,496,364$2,231,312$3,359,329
71$3,924,056$2,570,590$2,257,965$3,589,806
72$4,274,698$2,646,938$2,283,995$3,841,039
73$4,659,544$2,725,464$2,309,335$4,115,084
74$5,082,031$2,806,226$2,333,912$4,414,208
75$5,545,950$2,889,282$2,357,650$4,740,908
76$6,055,473$2,974,693$2,380,467$5,097,932
77$6,615,199$3,062,521$2,402,280$5,488,310
78$7,230,191$3,152,826$2,422,999$5,915,380
79$7,906,031$3,245,675$2,442,529$6,382,818
80$8,648,864$3,341,131$2,460,772$6,894,675
81$9,465,464$3,439,262$2,477,624$7,455,415
82$10,363,291$3,540,135$2,492,974$8,069,956
83$11,350,565$3,643,820$2,506,707$8,743,714
84$12,436,343$3,750,388$2,518,702$9,482,662
85$13,630,603$3,859,910$2,528,831$10,293,376
86$14,944,338$3,972,460$2,536,962$11,183,105
87$16,389,663$4,088,112$2,542,952$12,159,837
88$17,979,922$4,206,943$2,546,654$13,232,371
89$19,729,820$4,329,030$2,547,913$14,410,405
90$21,655,561$4,454,452$2,546,567$15,704,626
91$23,774,996$4,583,287$2,542,445$17,126,808
92$26,107,796$4,715,619$2,535,368$18,689,928
93$28,675,636$4,851,529$2,525,147$20,408,284
94$31,502,399$4,991,102$2,511,587$22,297,632
95$34,614,399$5,134,421$2,494,481$24,375,337
96$38,040,634$5,281,574$2,473,613$26,660,531
97$41,813,056$5,432,648$2,448,755$29,174,301
98$45,966,871$5,587,732$2,419,672$31,939,880
99$50,540,875$5,746,914$2,386,115$34,982,875
100$55,577,817$5,910,286$2,347,822$38,331,502