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

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$165,158$163,687$162,252$160,851$159,483$155,691
2 years$81,761$80,239$78,763$77,332$75,944$72,146
3 years$53,966$52,437$50,965$49,547$48,182$44,496
4 years$40,071$38,547$37,089$35,696$34,364$30,819
5 years$31,737$30,221$28,783$27,418$26,123$22,729
6 years$26,182$24,678$23,261$21,926$20,670$17,430
7 years$22,216$20,724$19,330$18,027$16,810$13,725
8 years$19,243$17,765$16,393$15,122$13,946$11,014
9 years$16,931$15,467$14,120$12,881$11,744$8,964
10 years$15,083$13,634$12,310$11,103$10,007$7,374
11 years$13,572$12,137$10,837$9,663$8,606$6,118
12 years$12,314$10,894$9,618$8,476$7,458$5,110
13 years$11,250$9,845$8,593$7,483$6,503$4,291
14 years$10,339$8,949$7,721$6,643$5,701$3,619
15 years$9,550$8,175$6,971$5,924$5,020$3,064
16 years$8,861$7,500$6,320$5,304$4,436$2,602
17 years$8,253$6,907$5,751$4,766$3,934$2,215
18 years$7,713$6,383$5,250$4,295$3,497$1,889
19 years$7,231$5,915$4,806$3,881$3,117$1,615
20 years$6,797$5,497$4,411$3,515$2,785$1,382
21 years$6,406$5,120$4,057$3,190$2,492$1,184
22 years$6,050$4,779$3,739$2,900$2,234$1,016
23 years$5,726$4,470$3,452$2,642$2,005$872
24 years$5,429$4,188$3,193$2,409$1,802$750
25 years$5,156$3,930$2,957$2,200$1,622$645
26 years$4,905$3,694$2,743$2,012$1,461$555
27 years$4,673$3,476$2,547$1,841$1,317$478
28 years$4,458$3,276$2,368$1,687$1,188$411
29 years$4,258$3,090$2,203$1,547$1,073$354
30 years$4,071$2,919$2,052$1,420$970$306
31 years$3,897$2,759$1,913$1,304$877$263
32 years$3,734$2,611$1,785$1,198$793$227
33 years$3,582$2,472$1,667$1,102$718$196
34 years$3,438$2,343$1,557$1,014$650$169
35 years$3,304$2,222$1,456$933$588$146
36 years$3,176$2,109$1,362$860$533$126
37 years$3,057$2,003$1,275$792$483$109
38 years$2,943$1,904$1,194$730$438$94
39 years$2,836$1,811$1,119$673$397$81
40 years$2,734$1,723$1,048$621$360$70
41 years$2,638$1,640$983$573$327$60
42 years$2,546$1,562$922$529$297$52
43 years$2,459$1,488$865$488$269$45
44 years$2,376$1,418$812$451$244$39
45 years$2,297$1,352$763$416$222$33
46 years$2,222$1,290$716$384$201$29
47 years$2,150$1,231$673$355$183$25
48 years$2,081$1,175$632$328$166$22
49 years$2,016$1,122$594$303$151$19
50 years$1,953$1,072$559$280$137$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,000,000, adding $4,944 every year, while hoping to spend $50,043 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: 44/27/29 Blend
63$2,000,000$2,000,000$2,000,000$2,000,000
64$2,209,100$2,103,100$2,072,100$2,287,503
65$2,381,183$2,152,906$2,088,270$2,393,853
66$2,569,141$2,203,476$2,103,304$2,503,932
67$2,774,540$2,254,794$2,117,112$2,622,317
68$2,999,106$2,306,841$2,129,598$2,749,809
69$3,244,737$2,359,599$2,140,662$2,887,294
70$3,513,523$2,413,042$2,150,197$3,035,747
71$3,807,767$2,467,146$2,158,094$3,196,243
72$4,130,004$2,521,881$2,164,234$3,369,969
73$4,483,025$2,577,213$2,168,496$3,558,233
74$4,869,905$2,633,108$2,170,752$3,762,476
75$5,294,029$2,689,524$2,170,866$3,984,288
76$5,759,126$2,746,417$2,168,697$4,225,423
77$6,269,305$2,803,739$2,164,095$4,487,815
78$6,829,088$2,861,436$2,156,907$4,773,595
79$7,443,459$2,919,450$2,146,967$5,085,113
80$8,117,906$2,977,718$2,134,105$5,424,963
81$8,858,477$3,036,171$2,118,142$5,796,003
82$9,671,830$3,094,732$2,098,889$6,201,385
83$10,565,305$3,153,321$2,076,149$6,644,584
84$11,546,982$3,211,851$2,049,716$7,129,434
85$12,625,767$3,270,224$2,019,375$7,660,160
86$13,811,470$3,328,339$1,984,898$8,241,421
87$15,114,897$3,386,085$1,946,049$8,878,357
88$16,547,955$3,443,342$1,902,581$9,576,632
89$18,123,762$3,499,982$1,854,233$10,342,493
90$19,856,772$3,555,866$1,800,735$11,182,828
91$21,762,906$3,610,847$1,741,804$12,105,231
92$23,859,709$3,664,766$1,677,141$13,118,075
93$26,166,512$3,717,452$1,606,437$14,230,591
94$28,704,611$3,768,722$1,529,368$15,452,959
95$31,497,473$3,818,381$1,445,594$16,796,398
96$34,570,955$3,866,222$1,354,761$18,273,282
97$37,953,545$3,912,019$1,256,498$19,897,251
98$41,676,635$3,955,536$1,150,419$21,683,341
99$45,774,812$3,996,518$1,036,118$23,648,131
100$50,286,189$4,034,693$913,174$25,809,898