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

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$170,939$169,416$167,930$166,481$165,065$163,205
2 years$84,623$83,047$81,520$80,039$78,602$76,730
3 years$55,855$54,272$52,749$51,282$49,868$48,042
4 years$41,474$39,896$38,387$36,945$35,567$33,800
5 years$32,847$31,279$29,790$28,378$27,037$25,335
6 years$27,098$25,541$24,075$22,694$21,394$19,759
7 years$22,993$21,450$20,006$18,658$17,399$15,831
8 years$19,916$18,386$16,967$15,652$14,434$12,934
9 years$17,524$16,009$14,614$13,332$12,155$10,723
10 years$15,611$14,111$12,741$11,492$10,357$8,990
11 years$14,047$12,562$11,217$10,002$8,907$7,605
12 years$12,745$11,275$9,954$8,773$7,719$6,480
13 years$11,644$10,189$8,894$7,745$6,731$5,554
14 years$10,701$9,262$7,991$6,875$5,900$4,784
15 years$9,885$8,461$7,215$6,131$5,195$4,137
16 years$9,171$7,763$6,541$5,490$4,592$3,590
17 years$8,542$7,149$5,952$4,933$4,071$3,125
18 years$7,983$6,606$5,434$4,445$3,620$2,726
19 years$7,484$6,122$4,974$4,017$3,226$2,384
20 years$7,035$5,689$4,565$3,638$2,882$2,088
21 years$6,630$5,299$4,199$3,302$2,579$1,832
22 years$6,262$4,947$3,870$3,002$2,312$1,609
23 years$5,926$4,627$3,573$2,734$2,075$1,416
24 years$5,619$4,335$3,305$2,494$1,865$1,247
25 years$5,337$4,068$3,061$2,277$1,678$1,099
26 years$5,077$3,823$2,839$2,082$1,512$969
27 years$4,836$3,598$2,636$1,906$1,363$855
28 years$4,614$3,391$2,451$1,746$1,230$755
29 years$4,407$3,199$2,280$1,601$1,111$668
30 years$4,214$3,021$2,124$1,470$1,003$590
31 years$4,034$2,856$1,980$1,350$907$522
32 years$3,865$2,702$1,848$1,240$821$462
33 years$3,707$2,559$1,725$1,141$743$409
34 years$3,559$2,425$1,612$1,050$672$362
35 years$3,419$2,300$1,507$966$609$321
36 years$3,288$2,183$1,410$890$552$284
37 years$3,164$2,074$1,320$820$500$252
38 years$3,046$1,971$1,236$756$453$223
39 years$2,935$1,874$1,158$697$411$198
40 years$2,830$1,783$1,085$643$373$175
41 years$2,730$1,697$1,017$593$338$155
42 years$2,635$1,616$954$547$307$138
43 years$2,545$1,540$896$505$279$122
44 years$2,459$1,468$841$466$253$108
45 years$2,378$1,400$789$431$230$96
46 years$2,300$1,335$741$398$208$85
47 years$2,225$1,274$697$368$189$75
48 years$2,154$1,217$655$340$172$67
49 years$2,086$1,162$615$314$156$59
50 years$2,021$1,110$578$290$142$53

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 $2,909 every year, while hoping to spend $52,319 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: 39/32/29 Blend
63$2,070,000$2,070,000$2,070,000$2,070,000
64$2,284,141$2,174,431$2,142,346$2,353,488
65$2,461,456$2,225,311$2,158,447$2,455,424
66$2,655,104$2,276,930$2,173,335$2,560,554
67$2,866,695$2,329,271$2,186,912$2,673,249
68$3,098,003$2,382,310$2,199,079$2,794,232
69$3,350,980$2,436,024$2,209,728$2,924,305
70$3,627,775$2,490,384$2,218,750$3,064,347
71$3,930,756$2,545,361$2,226,025$3,215,331
72$4,262,529$2,600,919$2,231,433$3,378,328
73$4,625,964$2,657,021$2,234,843$3,554,521
74$5,024,222$2,713,625$2,236,120$3,745,215
75$5,460,784$2,770,684$2,235,121$3,951,846
76$5,939,484$2,828,148$2,231,698$4,176,001
77$6,464,546$2,885,961$2,225,694$4,419,430
78$7,040,619$2,944,063$2,216,945$4,684,062
79$7,672,828$3,002,388$2,205,278$4,972,025
80$8,366,815$3,060,863$2,190,513$5,285,667
81$9,128,797$3,119,412$2,172,462$5,627,577
82$9,965,620$3,177,950$2,150,926$6,000,610
83$10,884,829$3,236,385$2,125,697$6,407,915
84$11,894,733$3,294,618$2,096,559$6,852,966
85$13,004,485$3,352,545$2,063,284$7,339,593
86$14,224,172$3,410,049$2,025,633$7,872,021
87$15,564,904$3,467,007$1,983,358$8,454,909
88$17,038,921$3,523,287$1,936,197$9,093,396
89$18,659,709$3,578,747$1,883,878$9,793,147
90$20,442,127$3,633,233$1,826,115$10,560,413
91$22,402,543$3,686,581$1,762,610$11,402,083
92$24,558,995$3,738,615$1,693,050$12,325,758
93$26,931,354$3,789,149$1,617,108$13,339,816
94$29,541,514$3,837,979$1,534,443$14,453,499
95$32,413,600$3,884,892$1,444,699$15,676,995
96$35,574,193$3,929,658$1,347,502$17,021,540
97$39,052,581$3,972,031$1,242,463$18,499,522
98$42,881,033$4,011,749$1,129,175$20,124,601
99$47,095,107$4,048,534$1,007,211$21,911,838
100$51,733,984$4,082,088$876,129$23,877,838