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%19.3%
1 years$165,158$163,687$162,252$160,851$159,483$153,519
2 years$81,761$80,239$78,763$77,332$75,944$70,004
3 years$53,966$52,437$50,965$49,547$48,182$42,453
4 years$40,071$38,547$37,089$35,696$34,364$28,889
5 years$31,737$30,221$28,783$27,418$26,123$20,916
6 years$26,182$24,678$23,261$21,926$20,670$15,735
7 years$22,216$20,724$19,330$18,027$16,810$12,146
8 years$19,243$17,765$16,393$15,122$13,946$9,548
9 years$16,931$15,467$14,120$12,881$11,744$7,607
10 years$15,083$13,634$12,310$11,103$10,007$6,122
11 years$13,572$12,137$10,837$9,663$8,606$4,966
12 years$12,314$10,894$9,618$8,476$7,458$4,052
13 years$11,250$9,845$8,593$7,483$6,503$3,323
14 years$10,339$8,949$7,721$6,643$5,701$2,736
15 years$9,550$8,175$6,971$5,924$5,020$2,260
16 years$8,861$7,500$6,320$5,304$4,436$1,871
17 years$8,253$6,907$5,751$4,766$3,934$1,552
18 years$7,713$6,383$5,250$4,295$3,497$1,290
19 years$7,231$5,915$4,806$3,881$3,117$1,074
20 years$6,797$5,497$4,411$3,515$2,785$895
21 years$6,406$5,120$4,057$3,190$2,492$747
22 years$6,050$4,779$3,739$2,900$2,234$623
23 years$5,726$4,470$3,452$2,642$2,005$521
24 years$5,429$4,188$3,193$2,409$1,802$435
25 years$5,156$3,930$2,957$2,200$1,622$364
26 years$4,905$3,694$2,743$2,012$1,461$304
27 years$4,673$3,476$2,547$1,841$1,317$255
28 years$4,458$3,276$2,368$1,687$1,188$213
29 years$4,258$3,090$2,203$1,547$1,073$179
30 years$4,071$2,919$2,052$1,420$970$150
31 years$3,897$2,759$1,913$1,304$877$125
32 years$3,734$2,611$1,785$1,198$793$105
33 years$3,582$2,472$1,667$1,102$718$88
34 years$3,438$2,343$1,557$1,014$650$74
35 years$3,304$2,222$1,456$933$588$62
36 years$3,176$2,109$1,362$860$533$52
37 years$3,057$2,003$1,275$792$483$43
38 years$2,943$1,904$1,194$730$438$36
39 years$2,836$1,811$1,119$673$397$30
40 years$2,734$1,723$1,048$621$360$25
41 years$2,638$1,640$983$573$327$21
42 years$2,546$1,562$922$529$297$18
43 years$2,459$1,488$865$488$269$15
44 years$2,376$1,418$812$451$244$13
45 years$2,297$1,352$763$416$222$11
46 years$2,222$1,290$716$384$201$9
47 years$2,150$1,231$673$355$183$7
48 years$2,081$1,175$632$328$166$6
49 years$2,016$1,122$594$303$151$5
50 years$1,953$1,072$559$280$137$4

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 $3,579 every year, while hoping to spend $39,325 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: 54/19/27 Blend
63$2,000,000$2,000,000$2,000,000$2,000,000
64$2,207,692$2,101,692$2,070,692$2,310,186
65$2,391,035$2,162,833$2,098,218$2,442,501
66$2,591,761$2,225,652$2,125,349$2,582,137
67$2,811,601$2,290,190$2,152,029$2,733,368
68$3,052,463$2,356,488$2,178,201$2,897,320
69$3,316,447$2,424,588$2,203,803$3,075,234
70$3,605,864$2,494,533$2,228,770$3,268,478
71$3,923,263$2,566,366$2,253,035$3,478,557
72$4,271,450$2,640,132$2,276,525$3,707,129
73$4,653,513$2,715,874$2,299,164$3,956,022
74$5,072,858$2,793,638$2,320,873$4,227,246
75$5,533,234$2,873,471$2,341,566$4,523,021
76$6,038,771$2,955,418$2,361,156$4,845,787
77$6,594,019$3,039,526$2,379,548$5,198,236
78$7,203,989$3,125,844$2,396,643$5,583,332
79$7,874,205$3,214,419$2,412,339$6,004,342
80$8,610,747$3,305,299$2,426,526$6,464,865
81$9,420,318$3,398,534$2,439,090$6,968,867
82$10,310,301$3,494,172$2,449,910$7,520,718
83$11,288,829$3,592,263$2,458,859$8,125,232
84$12,364,863$3,692,858$2,465,804$8,787,716
85$13,548,277$3,796,006$2,470,606$9,514,014
86$14,849,948$3,901,757$2,473,119$10,310,571
87$16,281,862$4,010,162$2,473,187$11,184,485
88$17,857,223$4,121,272$2,470,651$12,143,580
89$19,590,582$4,235,136$2,465,339$13,196,477
90$21,497,969$4,351,805$2,457,075$14,352,676
91$23,597,047$4,471,329$2,445,673$15,622,646
92$25,907,279$4,593,757$2,430,936$17,017,925
93$28,450,110$4,719,140$2,412,661$18,551,226
94$31,249,168$4,847,525$2,390,633$20,236,562
95$34,330,491$4,978,961$2,364,626$22,089,373
96$37,722,767$5,113,496$2,334,407$24,126,676
97$41,457,608$5,251,176$2,299,728$26,367,222
98$45,569,847$5,392,046$2,260,332$28,831,678
99$50,097,866$5,536,151$2,215,948$31,542,817
100$55,083,960$5,683,535$2,166,294$34,525,739