Can I retire at age 64 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$170,939$169,416$167,930$166,481$165,065$160,878
2 years$84,623$83,047$81,520$80,039$78,602$74,412
3 years$55,855$54,272$52,749$51,282$49,868$45,805
4 years$41,474$39,896$38,387$36,945$35,567$31,661
5 years$32,847$31,279$29,790$28,378$27,037$23,301
6 years$27,098$25,541$24,075$22,694$21,394$17,830
7 years$22,993$21,450$20,006$18,658$17,399$14,008
8 years$19,916$18,386$16,967$15,652$14,434$11,215
9 years$17,524$16,009$14,614$13,332$12,155$9,105
10 years$15,611$14,111$12,741$11,492$10,357$7,472
11 years$14,047$12,562$11,217$10,002$8,907$6,183
12 years$12,745$11,275$9,954$8,773$7,719$5,151
13 years$11,644$10,189$8,894$7,745$6,731$4,314
14 years$10,701$9,262$7,991$6,875$5,900$3,629
15 years$9,885$8,461$7,215$6,131$5,195$3,063
16 years$9,171$7,763$6,541$5,490$4,592$2,594
17 years$8,542$7,149$5,952$4,933$4,071$2,202
18 years$7,983$6,606$5,434$4,445$3,620$1,873
19 years$7,484$6,122$4,974$4,017$3,226$1,596
20 years$7,035$5,689$4,565$3,638$2,882$1,361
21 years$6,630$5,299$4,199$3,302$2,579$1,163
22 years$6,262$4,947$3,870$3,002$2,312$995
23 years$5,926$4,627$3,573$2,734$2,075$852
24 years$5,619$4,335$3,305$2,494$1,865$730
25 years$5,337$4,068$3,061$2,277$1,678$625
26 years$5,077$3,823$2,839$2,082$1,512$536
27 years$4,836$3,598$2,636$1,906$1,363$460
28 years$4,614$3,391$2,451$1,746$1,230$395
29 years$4,407$3,199$2,280$1,601$1,111$339
30 years$4,214$3,021$2,124$1,470$1,003$292
31 years$4,034$2,856$1,980$1,350$907$250
32 years$3,865$2,702$1,848$1,240$821$215
33 years$3,707$2,559$1,725$1,141$743$185
34 years$3,559$2,425$1,612$1,050$672$159
35 years$3,419$2,300$1,507$966$609$137
36 years$3,288$2,183$1,410$890$552$118
37 years$3,164$2,074$1,320$820$500$101
38 years$3,046$1,971$1,236$756$453$87
39 years$2,935$1,874$1,158$697$411$75
40 years$2,830$1,783$1,085$643$373$64
41 years$2,730$1,697$1,017$593$338$55
42 years$2,635$1,616$954$547$307$48
43 years$2,545$1,540$896$505$279$41
44 years$2,459$1,468$841$466$253$35
45 years$2,378$1,400$789$431$230$30
46 years$2,300$1,335$741$398$208$26
47 years$2,225$1,274$697$368$189$22
48 years$2,154$1,217$655$340$172$19
49 years$2,086$1,162$615$314$156$17
50 years$2,021$1,110$578$290$142$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,070,000, adding $2,679 every year, while hoping to spend $49,823 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: 57/15/28 Blend
63$2,070,000$2,070,000$2,070,000$2,070,000
64$2,283,903$2,174,193$2,142,108$2,396,397
65$2,463,850$2,227,718$2,160,858$2,527,452
66$2,660,482$2,282,195$2,178,565$2,664,786
67$2,875,447$2,337,619$2,195,144$2,813,461
68$3,110,563$2,393,982$2,210,501$2,974,592
69$3,367,827$2,451,274$2,224,539$3,149,405
70$3,649,442$2,509,483$2,237,158$3,339,251
71$3,957,832$2,568,594$2,248,250$3,545,620
72$4,295,666$2,628,590$2,257,701$3,770,153
73$4,665,884$2,689,452$2,265,395$4,014,660
74$5,071,725$2,751,155$2,271,206$4,281,136
75$5,516,754$2,813,675$2,275,004$4,571,778
76$6,004,899$2,876,981$2,276,653$4,889,010
77$6,540,485$2,941,040$2,276,008$5,235,503
78$7,128,279$3,005,815$2,272,918$5,614,199
79$7,773,529$3,071,266$2,267,226$6,028,345
80$8,482,017$3,137,345$2,258,766$6,481,517
81$9,260,111$3,204,003$2,247,363$6,977,657
82$10,114,828$3,271,185$2,232,835$7,521,111
83$11,053,897$3,338,830$2,214,992$8,116,670
84$12,085,833$3,406,871$2,193,633$8,769,614
85$13,220,016$3,475,236$2,168,547$9,485,763
86$14,466,780$3,543,845$2,139,517$10,271,533
87$15,837,512$3,612,614$2,106,311$11,133,996
88$17,344,755$3,681,449$2,068,689$12,080,947
89$19,002,329$3,750,249$2,026,399$13,120,979
90$20,825,460$3,818,905$1,979,177$14,263,561
91$22,830,925$3,887,299$1,926,747$15,519,135
92$25,037,207$3,955,304$1,868,821$16,899,207
93$27,464,672$4,022,784$1,805,096$18,416,461
94$30,135,759$4,089,591$1,735,258$20,084,878
95$33,075,192$4,155,567$1,658,975$21,919,867
96$36,310,213$4,220,541$1,575,902$23,938,415
97$39,870,839$4,284,332$1,485,679$26,159,242
98$43,790,144$4,346,743$1,387,928$28,602,985
99$48,104,571$4,407,566$1,282,256$31,292,388
100$52,854,277$4,466,576$1,168,251$34,252,521