Can I retire at age 64 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$173,416$171,871$170,364$168,893$167,457$164,955
2 years$85,850$84,251$82,701$81,199$79,741$77,226
3 years$56,665$55,059$53,513$52,025$50,591$48,141
4 years$42,075$40,474$38,944$37,481$36,082$33,716
5 years$33,323$31,732$30,222$28,789$27,429$25,154
6 years$27,491$25,912$24,424$23,023$21,704$19,522
7 years$23,327$21,761$20,296$18,928$17,651$15,563
8 years$20,205$18,653$17,213$15,878$14,643$12,650
9 years$17,778$16,241$14,825$13,525$12,332$10,431
10 years$15,837$14,315$12,925$11,659$10,507$8,698
11 years$14,251$12,744$11,379$10,146$9,037$7,317
12 years$12,930$11,438$10,099$8,900$7,831$6,199
13 years$11,813$10,337$9,023$7,857$6,829$5,282
14 years$10,856$9,396$8,107$6,975$5,986$4,522
15 years$10,028$8,583$7,319$6,220$5,271$3,887
16 years$9,304$7,875$6,636$5,570$4,658$3,352
17 years$8,666$7,253$6,039$5,004$4,130$2,899
18 years$8,099$6,702$5,512$4,510$3,672$2,513
19 years$7,592$6,211$5,046$4,075$3,273$2,183
20 years$7,137$5,772$4,631$3,691$2,924$1,899
21 years$6,726$5,376$4,260$3,350$2,616$1,655
22 years$6,352$5,018$3,926$3,045$2,345$1,444
23 years$6,012$4,694$3,625$2,774$2,105$1,262
24 years$5,700$4,398$3,353$2,530$1,892$1,103
25 years$5,414$4,127$3,105$2,310$1,703$965
26 years$5,150$3,879$2,880$2,112$1,534$846
27 years$4,906$3,650$2,674$1,934$1,383$741
28 years$4,680$3,440$2,486$1,772$1,248$650
29 years$4,470$3,245$2,313$1,625$1,127$570
30 years$4,275$3,064$2,155$1,491$1,018$500
31 years$4,092$2,897$2,009$1,369$920$439
32 years$3,921$2,741$1,874$1,258$833$386
33 years$3,761$2,596$1,750$1,157$753$339
34 years$3,610$2,460$1,635$1,065$682$298
35 years$3,469$2,334$1,529$980$618$262
36 years$3,335$2,215$1,430$903$560$230
37 years$3,209$2,104$1,339$832$507$202
38 years$3,090$1,999$1,254$767$460$178
39 years$2,978$1,901$1,174$707$417$156
40 years$2,871$1,809$1,101$652$378$138
41 years$2,770$1,722$1,032$602$343$121
42 years$2,674$1,640$968$555$311$106
43 years$2,582$1,562$909$512$283$94
44 years$2,495$1,489$853$473$257$82
45 years$2,412$1,420$801$437$233$72
46 years$2,333$1,355$752$404$211$64
47 years$2,258$1,293$707$373$192$56
48 years$2,185$1,234$664$345$174$49
49 years$2,116$1,179$624$318$158$43
50 years$2,050$1,126$587$294$144$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,100,000, adding $5,177 every year, while hoping to spend $22,970 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: 80/10/10 Blend
63$2,100,000$2,100,000$2,100,000$2,100,000
64$2,319,540$2,208,240$2,175,690$2,500,929
65$2,531,693$2,292,004$2,224,136$2,704,432
66$2,764,716$2,379,102$2,273,435$2,924,166
67$3,020,713$2,469,675$2,323,591$3,164,609
68$3,302,003$2,563,866$2,374,608$3,427,821
69$3,611,140$2,661,827$2,426,490$3,716,070
70$3,950,936$2,763,717$2,479,237$4,031,853
71$4,324,493$2,869,701$2,532,853$4,377,920
72$4,735,226$2,979,950$2,587,338$4,757,302
73$5,186,897$3,094,646$2,642,692$5,173,333
74$5,683,651$3,213,974$2,698,913$5,629,689
75$6,230,057$3,338,133$2,756,000$6,130,415
76$6,831,147$3,467,325$2,813,950$6,679,972
77$7,492,464$3,601,764$2,872,758$7,283,267
78$8,220,119$3,741,674$2,932,419$7,945,711
79$9,020,843$3,887,288$2,992,926$8,673,260
80$9,902,052$4,038,848$3,054,272$9,472,480
81$10,871,919$4,196,609$3,116,448$10,350,599
82$11,939,447$4,360,836$3,179,442$11,315,584
83$13,114,559$4,531,805$3,243,241$12,376,208
84$14,408,187$4,709,806$3,307,833$13,542,139
85$15,832,377$4,895,142$3,373,201$14,824,028
86$17,400,404$5,088,128$3,439,326$16,233,607
87$19,126,892$5,289,093$3,506,191$17,783,803
88$21,027,959$5,498,383$3,573,772$19,488,860
89$23,121,363$5,716,356$3,642,047$21,364,468
90$25,426,675$5,943,390$3,710,987$23,427,917
91$27,965,456$6,179,877$3,780,566$25,698,255
92$30,761,469$6,426,227$3,850,752$28,196,471
93$33,840,897$6,682,870$3,921,510$30,945,689
94$37,232,592$6,950,254$3,992,803$33,971,388
95$40,968,347$7,228,847$4,064,593$37,301,644
96$45,083,197$7,519,139$4,136,835$40,967,389
97$49,615,748$7,821,642$4,209,485$45,002,708
98$54,608,542$8,136,891$4,282,491$49,445,157
99$60,108,460$8,465,444$4,355,800$54,336,118
100$66,167,158$8,807,887$4,429,355$59,721,190