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

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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$165,158$163,687$162,252$160,851$159,483$156,583
2 years$81,761$80,239$78,763$77,332$75,944$73,033
3 years$53,966$52,437$50,965$49,547$48,182$45,350
4 years$40,071$38,547$37,089$35,696$34,364$31,633
5 years$31,737$30,221$28,783$27,418$26,123$23,501
6 years$26,182$24,678$23,261$21,926$20,670$18,161
7 years$22,216$20,724$19,330$18,027$16,810$14,413
8 years$19,243$17,765$16,393$15,122$13,946$11,661
9 years$16,931$15,467$14,120$12,881$11,744$9,570
10 years$15,083$13,634$12,310$11,103$10,007$7,941
11 years$13,572$12,137$10,837$9,663$8,606$6,647
12 years$12,314$10,894$9,618$8,476$7,458$5,602
13 years$11,250$9,845$8,593$7,483$6,503$4,749
14 years$10,339$8,949$7,721$6,643$5,701$4,044
15 years$9,550$8,175$6,971$5,924$5,020$3,457
16 years$8,861$7,500$6,320$5,304$4,436$2,964
17 years$8,253$6,907$5,751$4,766$3,934$2,549
18 years$7,713$6,383$5,250$4,295$3,497$2,197
19 years$7,231$5,915$4,806$3,881$3,117$1,897
20 years$6,797$5,497$4,411$3,515$2,785$1,641
21 years$6,406$5,120$4,057$3,190$2,492$1,421
22 years$6,050$4,779$3,739$2,900$2,234$1,233
23 years$5,726$4,470$3,452$2,642$2,005$1,070
24 years$5,429$4,188$3,193$2,409$1,802$930
25 years$5,156$3,930$2,957$2,200$1,622$809
26 years$4,905$3,694$2,743$2,012$1,461$704
27 years$4,673$3,476$2,547$1,841$1,317$613
28 years$4,458$3,276$2,368$1,687$1,188$534
29 years$4,258$3,090$2,203$1,547$1,073$465
30 years$4,071$2,919$2,052$1,420$970$406
31 years$3,897$2,759$1,913$1,304$877$354
32 years$3,734$2,611$1,785$1,198$793$309
33 years$3,582$2,472$1,667$1,102$718$269
34 years$3,438$2,343$1,557$1,014$650$235
35 years$3,304$2,222$1,456$933$588$205
36 years$3,176$2,109$1,362$860$533$179
37 years$3,057$2,003$1,275$792$483$156
38 years$2,943$1,904$1,194$730$438$137
39 years$2,836$1,811$1,119$673$397$119
40 years$2,734$1,723$1,048$621$360$104
41 years$2,638$1,640$983$573$327$91
42 years$2,546$1,562$922$529$297$80
43 years$2,459$1,488$865$488$269$70
44 years$2,376$1,418$812$451$244$61
45 years$2,297$1,352$763$416$222$53
46 years$2,222$1,290$716$384$201$46
47 years$2,150$1,231$673$355$183$41
48 years$2,081$1,175$632$328$166$35
49 years$2,016$1,122$594$303$151$31
50 years$1,953$1,072$559$280$137$27

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 $4,405 every year, while hoping to spend $34,278 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: 46/26/28 Blend
63$2,000,000$2,000,000$2,000,000$2,000,000
64$2,208,544$2,102,544$2,071,544$2,292,152
65$2,397,344$2,169,097$2,104,469$2,418,370
66$2,604,252$2,237,762$2,137,348$2,551,578
67$2,831,081$2,308,607$2,170,144$2,695,456
68$3,079,823$2,381,701$2,202,816$2,851,024
69$3,352,676$2,457,116$2,235,322$3,019,400
70$3,652,060$2,534,925$2,267,616$3,201,821
71$3,980,639$2,615,206$2,299,650$3,399,643
72$4,341,350$2,698,036$2,331,374$3,614,361
73$4,737,426$2,783,498$2,362,733$3,847,622
74$5,172,429$2,871,675$2,393,670$4,101,237
75$5,650,283$2,962,654$2,424,125$4,377,202
76$6,175,312$3,056,524$2,454,033$4,677,715
77$6,752,278$3,153,378$2,483,327$5,005,196
78$7,386,428$3,253,311$2,511,936$5,362,309
79$8,083,542$3,356,421$2,539,784$5,751,989
80$8,849,988$3,462,810$2,566,791$6,177,470
81$9,692,782$3,572,583$2,592,874$6,642,313
82$10,619,654$3,685,848$2,617,944$7,150,440
83$11,639,120$3,802,716$2,641,907$7,706,171
84$12,760,565$3,923,304$2,664,664$8,314,267
85$13,994,325$4,047,728$2,686,114$8,979,970
86$15,351,793$4,176,114$2,706,145$9,709,058
87$16,845,519$4,308,587$2,724,644$10,507,894
88$18,489,333$4,445,278$2,741,490$11,383,489
89$20,298,470$4,586,322$2,756,556$12,343,567
90$22,289,722$4,731,859$2,769,708$13,396,638
91$24,481,586$4,882,033$2,780,806$14,552,081
92$26,894,447$5,036,992$2,789,703$15,820,224
93$29,550,766$5,196,891$2,796,243$17,212,452
94$32,475,292$5,361,886$2,800,265$18,741,306
95$35,695,296$5,532,142$2,801,597$20,420,606
96$39,240,826$5,707,827$2,800,061$22,265,580
97$43,144,997$5,889,117$2,795,469$24,293,005
98$47,444,293$6,076,190$2,787,624$26,521,371
99$52,178,920$6,269,233$2,776,319$28,971,047
100$57,393,181$6,468,437$2,761,337$31,664,484