Can I retire at age 64 with 2,050,000?

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$169,287$167,779$166,308$164,872$163,470$159,908
2 years$83,805$82,245$80,732$79,265$77,843$74,272
3 years$55,315$53,748$52,239$50,786$49,387$45,919
4 years$41,073$39,510$38,017$36,589$35,223$31,885
5 years$32,530$30,977$29,502$28,104$26,776$23,576
6 years$26,836$25,295$23,842$22,475$21,187$18,130
7 years$22,771$21,242$19,813$18,478$17,231$14,316
8 years$19,724$18,209$16,803$15,500$14,294$11,522
9 years$17,355$15,854$14,472$13,203$12,038$9,405
10 years$15,460$13,974$12,617$11,381$10,257$7,761
11 years$13,912$12,441$11,108$9,905$8,821$6,459
12 years$12,622$11,166$9,858$8,688$7,644$5,413
13 years$11,532$10,091$8,808$7,670$6,666$4,560
14 years$10,598$9,172$7,914$6,809$5,843$3,860
15 years$9,789$8,379$7,145$6,072$5,145$3,279
16 years$9,082$7,688$6,478$5,437$4,547$2,794
17 years$8,459$7,080$5,895$4,885$4,032$2,387
18 years$7,906$6,542$5,381$4,402$3,585$2,044
19 years$7,412$6,063$4,926$3,978$3,195$1,753
20 years$6,967$5,634$4,521$3,603$2,854$1,506
21 years$6,566$5,248$4,158$3,270$2,554$1,296
22 years$6,201$4,899$3,833$2,973$2,289$1,116
23 years$5,869$4,582$3,539$2,708$2,055$962
24 years$5,565$4,293$3,273$2,469$1,847$830
25 years$5,285$4,029$3,031$2,255$1,662$717
26 years$5,028$3,786$2,811$2,062$1,497$619
27 years$4,790$3,563$2,611$1,887$1,350$535
28 years$4,569$3,358$2,427$1,729$1,218$463
29 years$4,364$3,168$2,258$1,586$1,100$400
30 years$4,173$2,992$2,104$1,455$994$347
31 years$3,995$2,828$1,961$1,337$898$300
32 years$3,828$2,676$1,830$1,228$813$260
33 years$3,671$2,534$1,708$1,130$736$225
34 years$3,524$2,402$1,596$1,039$666$195
35 years$3,386$2,278$1,492$957$603$169
36 years$3,256$2,162$1,396$881$546$146
37 years$3,133$2,054$1,307$812$495$127
38 years$3,017$1,952$1,224$748$449$110
39 years$2,907$1,856$1,146$690$407$95
40 years$2,803$1,766$1,075$636$369$83
41 years$2,704$1,681$1,008$587$335$72
42 years$2,610$1,601$945$542$304$62
43 years$2,521$1,525$887$500$276$54
44 years$2,436$1,454$833$462$250$47
45 years$2,355$1,386$782$427$227$40
46 years$2,277$1,322$734$394$206$35
47 years$2,204$1,262$690$364$187$30
48 years$2,133$1,205$648$336$170$26
49 years$2,066$1,150$609$311$155$23
50 years$2,002$1,099$573$287$140$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,050,000, adding $3,671 every year, while hoping to spend $34,381 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: 78/6/16 Blend
63$2,050,000$2,050,000$2,050,000$2,050,000
64$2,262,887$2,154,237$2,122,462$2,431,312
65$2,457,120$2,223,213$2,156,983$2,611,864
66$2,670,013$2,294,417$2,191,508$2,805,150
67$2,903,432$2,367,922$2,226,002$3,016,222
68$3,159,434$2,443,802$2,260,425$3,246,847
69$3,440,284$2,522,135$2,294,737$3,498,969
70$3,748,475$2,603,003$2,328,893$3,774,731
71$4,086,757$2,686,487$2,362,848$4,076,492
72$4,458,155$2,772,674$2,396,553$4,406,851
73$4,866,005$2,861,652$2,429,955$4,768,672
74$5,313,978$2,953,514$2,462,999$5,165,107
75$5,806,121$3,048,354$2,495,627$5,599,632
76$6,346,891$3,146,269$2,527,776$6,076,074
77$6,941,200$3,247,362$2,559,382$6,598,649
78$7,594,455$3,351,736$2,590,375$7,172,003
79$8,312,619$3,459,500$2,620,681$7,801,253
80$9,102,256$3,570,765$2,650,224$8,492,038
81$9,970,601$3,685,648$2,678,922$9,250,570
82$10,925,625$3,804,267$2,706,688$10,083,694
83$11,976,109$3,926,746$2,733,432$10,998,951
84$13,131,728$4,053,213$2,759,059$12,004,650
85$14,403,144$4,183,800$2,783,467$13,109,945
86$15,802,101$4,318,643$2,806,549$14,324,925
87$17,341,542$4,457,883$2,828,195$15,660,704
88$19,035,726$4,601,666$2,848,286$17,129,529
89$20,900,365$4,750,142$2,866,699$18,744,895
90$22,952,772$4,903,469$2,883,303$20,521,670
91$25,212,022$5,061,806$2,897,961$22,476,241
92$27,699,134$5,225,321$2,910,529$24,626,660
93$30,437,270$5,394,186$2,920,856$26,992,822
94$33,451,950$5,568,579$2,928,783$29,596,649
95$36,771,295$5,748,686$2,934,143$32,462,296
96$40,426,291$5,934,695$2,936,760$35,616,381
97$44,451,083$6,126,805$2,936,452$39,088,237
98$48,883,295$6,325,220$2,933,025$42,910,183
99$53,764,386$6,530,151$2,926,276$47,117,838
100$59,140,040$6,741,815$2,915,993$51,750,448