Can I retire at age 64 with 2,110,000?

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$174,242$172,690$171,176$169,698$168,254$167,334
2 years$86,258$84,652$83,095$81,585$80,121$79,193
3 years$56,934$55,321$53,768$52,273$50,832$49,924
4 years$42,275$40,667$39,129$37,659$36,254$35,373
5 years$33,482$31,883$30,366$28,926$27,560$26,709
6 years$27,622$26,035$24,540$23,132$21,807$20,988
7 years$23,438$21,864$20,393$19,018$17,735$16,947
8 years$20,301$18,742$17,295$15,954$14,713$13,956
9 years$17,862$16,318$14,896$13,589$12,390$11,665
10 years$15,913$14,383$12,987$11,714$10,557$9,863
11 years$14,319$12,805$11,433$10,195$9,080$8,416
12 years$12,991$11,493$10,147$8,942$7,868$7,235
13 years$11,869$10,386$9,065$7,895$6,861$6,257
14 years$10,908$9,441$8,145$7,008$6,014$5,439
15 years$10,076$8,624$7,354$6,250$5,296$4,748
16 years$9,348$7,913$6,668$5,596$4,680$4,160
17 years$8,707$7,287$6,067$5,028$4,150$3,656
18 years$8,137$6,734$5,539$4,531$3,690$3,222
19 years$7,629$6,241$5,070$4,094$3,289$2,845
20 years$7,171$5,799$4,653$3,708$2,938$2,518
21 years$6,758$5,402$4,280$3,365$2,629$2,232
22 years$6,383$5,042$3,945$3,060$2,356$1,982
23 years$6,041$4,716$3,642$2,787$2,115$1,762
24 years$5,728$4,419$3,369$2,542$1,901$1,568
25 years$5,440$4,147$3,120$2,321$1,711$1,397
26 years$5,175$3,897$2,894$2,122$1,541$1,246
27 years$4,930$3,668$2,687$1,943$1,389$1,112
28 years$4,703$3,456$2,498$1,780$1,254$993
29 years$4,492$3,260$2,324$1,632$1,132$888
30 years$4,295$3,079$2,165$1,498$1,023$794
31 years$4,111$2,911$2,019$1,376$925$710
32 years$3,940$2,754$1,883$1,264$837$636
33 years$3,779$2,608$1,758$1,163$757$569
34 years$3,627$2,472$1,643$1,070$685$510
35 years$3,485$2,345$1,536$985$621$457
36 years$3,351$2,225$1,437$907$562$409
37 years$3,225$2,114$1,345$836$510$367
38 years$3,105$2,009$1,260$770$462$329
39 years$2,992$1,910$1,180$710$419$295
40 years$2,885$1,817$1,106$655$380$265
41 years$2,783$1,730$1,037$604$345$238
42 years$2,686$1,647$973$558$313$213
43 years$2,594$1,570$913$515$284$191
44 years$2,507$1,496$857$475$258$172
45 years$2,424$1,427$805$439$234$154
46 years$2,344$1,361$756$406$212$138
47 years$2,268$1,299$710$375$193$124
48 years$2,196$1,240$667$346$175$112
49 years$2,126$1,184$627$320$159$100
50 years$2,060$1,131$590$296$145$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,110,000, adding $5,477 every year, while hoping to spend $37,751 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: 53/23/24 Blend
63$2,110,000$2,110,000$2,110,000$2,110,000
64$2,330,870$2,219,040$2,186,335$2,438,639
65$2,528,451$2,287,606$2,219,410$2,582,147
66$2,744,921$2,358,266$2,252,328$2,733,885
67$2,982,166$2,431,084$2,285,044$2,898,230
68$3,242,264$2,506,124$2,317,510$3,076,399
69$3,527,503$2,583,452$2,349,674$3,269,732
70$3,840,404$2,663,137$2,381,484$3,479,706
71$4,183,743$2,745,249$2,412,882$3,707,944
72$4,560,579$2,829,860$2,443,808$3,956,236
73$4,974,280$2,917,045$2,474,197$4,226,551
74$5,428,557$3,006,881$2,503,983$4,521,057
75$5,927,498$3,099,446$2,533,095$4,842,145
76$6,475,606$3,194,822$2,561,456$5,192,446
77$7,077,840$3,293,091$2,588,988$5,574,856
78$7,739,667$3,394,340$2,615,606$5,992,568
79$8,467,107$3,498,656$2,641,222$6,449,097
80$9,266,792$3,606,130$2,665,744$6,948,318
81$10,146,031$3,716,857$2,689,072$7,494,495
82$11,112,874$3,830,930$2,711,103$8,092,329
83$12,176,191$3,948,450$2,731,729$8,746,997
84$13,345,755$4,069,516$2,750,835$9,464,203
85$14,632,334$4,194,234$2,768,300$10,250,233
86$16,047,791$4,322,711$2,783,997$11,112,008
87$17,605,198$4,455,056$2,797,793$12,057,158
88$19,318,957$4,591,383$2,809,549$13,094,088
89$21,204,938$4,731,808$2,819,116$14,232,056
90$23,280,625$4,876,451$2,826,340$15,481,268
91$25,565,285$5,025,433$2,831,058$16,852,963
92$28,080,147$5,178,882$2,833,101$18,359,530
93$30,848,601$5,336,926$2,832,290$20,014,618
94$33,896,423$5,499,700$2,828,435$21,833,267
95$37,252,012$5,667,339$2,821,342$23,832,047
96$40,946,663$5,839,985$2,810,803$26,029,221
97$45,014,860$6,017,781$2,796,601$28,444,908
98$49,494,598$6,200,875$2,778,511$31,101,283
99$54,427,750$6,389,420$2,756,293$34,022,777
100$59,860,451$6,583,572$2,729,699$37,236,314