Can I retire at age 64 with 2,080,000?

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 $2,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$171,764$170,234$168,742$167,285$165,862$159,914
2 years$85,032$83,448$81,913$80,425$78,982$73,053
3 years$56,125$54,534$53,003$51,529$50,109$44,387
4 years$41,674$40,089$38,573$37,124$35,738$30,266
5 years$33,006$31,430$29,934$28,515$27,168$21,959
6 years$27,229$25,665$24,191$22,803$21,497$16,557
7 years$23,104$21,553$20,103$18,748$17,483$12,809
8 years$20,012$18,475$17,049$15,727$14,504$10,093
9 years$17,609$16,086$14,684$13,396$12,214$8,061
10 years$15,687$14,179$12,802$11,548$10,407$6,504
11 years$14,115$12,623$11,271$10,050$8,950$5,289
12 years$12,807$11,329$10,003$8,815$7,756$4,328
13 years$11,700$10,239$8,937$7,782$6,764$3,559
14 years$10,753$9,307$8,030$6,908$5,929$2,938
15 years$9,932$8,502$7,250$6,161$5,220$2,434
16 years$9,215$7,800$6,573$5,517$4,614$2,021
17 years$8,583$7,184$5,981$4,957$4,091$1,682
18 years$8,022$6,638$5,460$4,467$3,637$1,402
19 years$7,520$6,152$4,998$4,036$3,242$1,171
20 years$7,069$5,717$4,587$3,656$2,896$978
21 years$6,662$5,325$4,219$3,318$2,591$819
22 years$6,292$4,971$3,889$3,016$2,323$686
23 years$5,955$4,649$3,591$2,747$2,085$575
24 years$5,646$4,356$3,321$2,506$1,874$482
25 years$5,363$4,088$3,076$2,288$1,686$404
26 years$5,101$3,842$2,852$2,092$1,519$339
27 years$4,860$3,616$2,649$1,915$1,370$285
28 years$4,636$3,407$2,462$1,755$1,236$239
29 years$4,428$3,214$2,291$1,609$1,116$201
30 years$4,234$3,035$2,134$1,477$1,008$169
31 years$4,053$2,869$1,990$1,356$912$142
32 years$3,884$2,715$1,857$1,246$825$119
33 years$3,725$2,571$1,733$1,146$746$100
34 years$3,576$2,437$1,620$1,055$676$84
35 years$3,436$2,311$1,514$971$612$71
36 years$3,304$2,194$1,417$894$554$60
37 years$3,179$2,084$1,326$824$503$50
38 years$3,061$1,980$1,242$759$456$42
39 years$2,949$1,883$1,163$700$413$35
40 years$2,844$1,791$1,090$646$375$30
41 years$2,743$1,705$1,022$596$340$25
42 years$2,648$1,624$959$550$309$21
43 years$2,558$1,547$900$508$280$18
44 years$2,471$1,475$845$469$254$15
45 years$2,389$1,407$793$433$231$13
46 years$2,311$1,342$745$400$209$11
47 years$2,236$1,280$700$369$190$9
48 years$2,165$1,222$658$341$173$7
49 years$2,096$1,167$618$315$157$6
50 years$2,031$1,115$581$292$143$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,080,000, adding $5,761 every year, while hoping to spend $43,265 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: 62/15/23 Blend
63$2,080,000$2,080,000$2,080,000$2,080,000
64$2,298,102$2,187,862$2,155,622$2,426,353
65$2,486,475$2,249,034$2,181,802$2,574,974
66$2,692,612$2,311,753$2,207,409$2,731,885
67$2,918,279$2,376,050$2,232,378$2,902,239
68$3,165,421$2,441,954$2,256,640$3,087,354
69$3,436,181$2,509,496$2,280,124$3,288,682
70$3,732,916$2,578,706$2,302,753$3,507,821
71$4,058,224$2,649,614$2,324,446$3,746,532
72$4,414,968$2,722,250$2,345,120$4,006,754
73$4,806,298$2,796,643$2,364,685$4,290,623
74$5,235,685$2,872,823$2,383,046$4,600,495
75$5,706,953$2,950,819$2,400,106$4,938,962
76$6,224,312$3,030,660$2,415,760$5,308,881
77$6,792,403$3,112,373$2,429,899$5,713,402
78$7,416,335$3,195,986$2,442,407$6,155,992
79$8,101,738$3,281,526$2,453,165$6,640,473
80$8,854,814$3,369,020$2,462,044$7,171,058
81$9,682,394$3,458,491$2,468,912$7,752,385
82$10,592,006$3,549,965$2,473,628$8,389,570
83$11,591,942$3,643,464$2,476,046$9,088,245
84$12,691,336$3,739,010$2,476,010$9,854,619
85$13,900,256$3,836,624$2,473,359$10,695,535
86$15,229,788$3,936,325$2,467,923$11,618,532
87$16,692,152$4,038,131$2,459,524$12,631,917
88$18,300,807$4,142,055$2,447,974$13,744,847
89$20,070,587$4,248,113$2,433,078$14,967,410
90$22,017,831$4,356,315$2,414,631$16,310,725
91$24,160,546$4,466,671$2,392,417$17,787,044
92$26,518,570$4,579,186$2,366,212$19,409,870
93$29,113,763$4,693,864$2,335,778$21,194,082
94$31,970,209$4,810,706$2,300,869$23,156,078
95$35,114,449$4,929,709$2,261,226$25,313,929
96$38,575,724$5,050,866$2,216,579$27,687,550
97$42,386,256$5,174,168$2,166,643$30,298,887
98$46,581,551$5,299,599$2,111,123$33,172,125
99$51,200,731$5,427,141$2,049,707$36,333,920
100$56,286,905$5,556,770$1,982,071$39,813,643