Can I retire at age 64 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$172,590$171,053$169,553$168,089$166,660$163,697
2 years$85,441$83,849$82,307$80,812$79,362$76,387
3 years$56,395$54,797$53,258$51,777$50,350$47,456
4 years$41,874$40,281$38,758$37,302$35,910$33,119
5 years$33,165$31,581$30,078$28,652$27,298$24,618
6 years$27,360$25,788$24,308$22,913$21,600$19,034
7 years$23,215$21,657$20,200$18,838$17,567$15,115
8 years$20,108$18,564$17,131$15,803$14,573$12,235
9 years$17,693$16,163$14,755$13,461$12,273$10,048
10 years$15,762$14,247$12,864$11,603$10,457$8,343
11 years$14,183$12,683$11,325$10,098$8,993$6,987
12 years$12,868$11,384$10,051$8,857$7,794$5,893
13 years$11,757$10,288$8,980$7,820$6,796$4,998
14 years$10,804$9,351$8,068$6,942$5,957$4,259
15 years$9,980$8,543$7,284$6,191$5,245$3,643
16 years$9,259$7,838$6,604$5,543$4,636$3,127
17 years$8,624$7,218$6,010$4,980$4,111$2,691
18 years$8,060$6,670$5,486$4,488$3,655$2,321
19 years$7,556$6,182$5,022$4,056$3,258$2,005
20 years$7,103$5,744$4,609$3,673$2,910$1,736
21 years$6,694$5,351$4,240$3,334$2,604$1,505
22 years$6,322$4,995$3,907$3,031$2,334$1,306
23 years$5,983$4,671$3,608$2,760$2,095$1,135
24 years$5,673$4,377$3,337$2,518$1,883$987
25 years$5,388$4,107$3,090$2,299$1,695$859
26 years$5,126$3,860$2,866$2,102$1,526$748
27 years$4,883$3,633$2,662$1,924$1,376$652
28 years$4,658$3,423$2,474$1,763$1,242$568
29 years$4,449$3,229$2,302$1,617$1,121$496
30 years$4,254$3,050$2,145$1,484$1,013$432
31 years$4,072$2,883$1,999$1,363$916$377
32 years$3,902$2,728$1,865$1,252$829$330
33 years$3,743$2,584$1,742$1,152$750$288
34 years$3,593$2,449$1,627$1,060$679$251
35 years$3,452$2,322$1,522$975$615$220
36 years$3,319$2,204$1,423$898$557$192
37 years$3,194$2,094$1,332$828$505$168
38 years$3,076$1,990$1,248$763$458$147
39 years$2,964$1,892$1,169$703$415$128
40 years$2,857$1,800$1,096$649$377$112
41 years$2,757$1,714$1,027$599$342$98
42 years$2,661$1,632$964$552$310$86
43 years$2,570$1,555$904$510$281$75
44 years$2,483$1,482$849$471$255$66
45 years$2,401$1,413$797$435$232$57
46 years$2,322$1,348$749$402$210$50
47 years$2,247$1,287$703$371$191$44
48 years$2,175$1,228$661$343$174$38
49 years$2,106$1,173$621$317$158$34
50 years$2,041$1,120$584$293$143$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,090,000, adding $3,859 every year, while hoping to spend $22,469 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: 55/24/21 Blend
63$2,090,000$2,090,000$2,090,000$2,090,000
64$2,307,161$2,196,391$2,163,996$2,420,698
65$2,518,584$2,280,107$2,212,583$2,582,552
66$2,750,820$2,367,172$2,262,044$2,756,021
67$3,005,967$2,457,727$2,312,386$2,944,448
68$3,286,337$2,551,918$2,363,613$3,149,272
69$3,594,479$2,649,897$2,415,730$3,372,077
70$3,933,199$2,751,825$2,468,739$3,614,605
71$4,305,589$2,857,868$2,522,646$3,878,774
72$4,715,056$2,968,200$2,577,451$4,166,691
73$5,165,352$3,083,003$2,633,157$4,480,679
74$5,660,614$3,202,466$2,689,763$4,823,291
75$6,205,397$3,326,787$2,747,270$5,197,338
76$6,804,721$3,456,173$2,805,677$5,605,916
77$7,464,116$3,590,839$2,864,982$6,052,430
78$8,189,678$3,731,012$2,925,180$6,540,629
79$8,988,119$3,876,926$2,986,268$7,074,643
80$9,866,840$4,028,827$3,048,240$7,659,015
81$10,833,990$4,186,973$3,111,089$8,298,750
82$11,898,553$4,351,630$3,174,806$8,999,357
83$13,070,425$4,523,080$3,239,382$9,766,904
84$14,360,513$4,701,615$3,304,805$10,608,071
85$15,780,831$4,887,541$3,371,063$11,530,217
86$17,344,622$5,081,176$3,438,139$12,541,443
87$19,066,475$5,282,856$3,506,019$13,650,674
88$20,962,468$5,492,927$3,574,682$14,867,736
89$23,050,314$5,711,756$3,644,109$16,203,455
90$25,349,536$5,939,722$3,714,277$17,669,754
91$27,881,643$6,177,222$3,785,159$19,279,764
92$30,670,339$6,424,674$3,856,730$21,047,950
93$33,741,742$6,682,511$3,928,959$22,990,247
94$37,124,633$6,951,188$4,001,812$25,124,206
95$40,850,728$7,231,179$4,075,255$27,469,161
96$44,954,975$7,522,979$4,149,249$30,046,411
97$49,475,885$7,827,108$4,223,752$32,879,420
98$54,455,897$8,144,108$4,298,720$35,994,035
99$59,941,775$8,474,546$4,374,103$39,418,734
100$65,985,050$8,819,013$4,449,850$43,184,888