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

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$174,242$172,690$171,176$169,698$168,254$165,127
2 years$86,258$84,652$83,095$81,585$80,121$76,982
3 years$56,934$55,321$53,768$52,273$50,832$47,780
4 years$42,275$40,667$39,129$37,659$36,254$33,311
5 years$33,482$31,883$30,366$28,926$27,560$24,735
6 years$27,622$26,035$24,540$23,132$21,807$19,103
7 years$23,438$21,864$20,393$19,018$17,735$15,153
8 years$20,301$18,742$17,295$15,954$14,713$12,252
9 years$17,862$16,318$14,896$13,589$12,390$10,049
10 years$15,913$14,383$12,987$11,714$10,557$8,334
11 years$14,319$12,805$11,433$10,195$9,080$6,971
12 years$12,991$11,493$10,147$8,942$7,868$5,872
13 years$11,869$10,386$9,065$7,895$6,861$4,974
14 years$10,908$9,441$8,145$7,008$6,014$4,233
15 years$10,076$8,624$7,354$6,250$5,296$3,616
16 years$9,348$7,913$6,668$5,596$4,680$3,098
17 years$8,707$7,287$6,067$5,028$4,150$2,662
18 years$8,137$6,734$5,539$4,531$3,690$2,293
19 years$7,629$6,241$5,070$4,094$3,289$1,979
20 years$7,171$5,799$4,653$3,708$2,938$1,710
21 years$6,758$5,402$4,280$3,365$2,629$1,480
22 years$6,383$5,042$3,945$3,060$2,356$1,283
23 years$6,041$4,716$3,642$2,787$2,115$1,113
24 years$5,728$4,419$3,369$2,542$1,901$966
25 years$5,440$4,147$3,120$2,321$1,711$839
26 years$5,175$3,897$2,894$2,122$1,541$730
27 years$4,930$3,668$2,687$1,943$1,389$635
28 years$4,703$3,456$2,498$1,780$1,254$553
29 years$4,492$3,260$2,324$1,632$1,132$481
30 years$4,295$3,079$2,165$1,498$1,023$419
31 years$4,111$2,911$2,019$1,376$925$365
32 years$3,940$2,754$1,883$1,264$837$319
33 years$3,779$2,608$1,758$1,163$757$278
34 years$3,627$2,472$1,643$1,070$685$242
35 years$3,485$2,345$1,536$985$621$211
36 years$3,351$2,225$1,437$907$562$184
37 years$3,225$2,114$1,345$836$510$161
38 years$3,105$2,009$1,260$770$462$140
39 years$2,992$1,910$1,180$710$419$122
40 years$2,885$1,817$1,106$655$380$107
41 years$2,783$1,730$1,037$604$345$93
42 years$2,686$1,647$973$558$313$81
43 years$2,594$1,570$913$515$284$71
44 years$2,507$1,496$857$475$258$62
45 years$2,424$1,427$805$439$234$54
46 years$2,344$1,361$756$406$212$47
47 years$2,268$1,299$710$375$193$41
48 years$2,196$1,240$667$346$175$36
49 years$2,126$1,184$627$320$159$31
50 years$2,060$1,131$590$296$145$28

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 $4,105 every year, while hoping to spend $57,223 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: 26/44/30 Blend
63$2,110,000$2,110,000$2,110,000$2,110,000
64$2,329,454$2,217,624$2,184,919$2,368,190
65$2,506,174$2,265,403$2,197,229$2,448,479
66$2,699,001$2,313,605$2,208,034$2,529,437
67$2,909,518$2,362,191$2,217,222$2,615,143
68$3,139,467$2,411,117$2,224,677$2,706,041
69$3,390,766$2,460,335$2,230,277$2,802,619
70$3,665,527$2,509,794$2,233,894$2,905,419
71$3,966,073$2,559,436$2,235,392$3,015,039
72$4,294,966$2,609,201$2,234,631$3,132,141
73$4,655,022$2,659,022$2,231,461$3,257,455
74$5,049,346$2,708,826$2,225,726$3,391,789
75$5,481,356$2,758,535$2,217,265$3,536,036
76$5,954,815$2,808,064$2,205,904$3,691,182
77$6,473,870$2,857,323$2,191,465$3,858,318
78$7,043,085$2,906,212$2,173,760$4,038,647
79$7,667,491$2,954,628$2,152,592$4,233,502
80$8,352,625$3,002,454$2,127,754$4,444,353
81$9,104,589$3,049,571$2,099,030$4,672,824
82$9,930,103$3,095,846$2,066,193$4,920,711
83$10,836,570$3,141,139$2,029,008$5,189,997
84$11,832,145$3,185,300$1,987,224$5,482,872
85$12,925,812$3,228,167$1,940,584$5,801,755
86$14,127,466$3,269,569$1,888,815$6,149,319
87$15,448,010$3,309,320$1,831,633$6,528,514
88$16,899,456$3,347,226$1,768,742$6,942,599
89$18,495,035$3,383,074$1,699,829$7,395,172
90$20,249,326$3,416,643$1,624,571$7,890,205
91$22,178,390$3,447,691$1,542,627$8,432,087
92$24,299,924$3,475,965$1,453,642$9,025,659
93$26,633,422$3,501,194$1,357,246$9,676,268
94$29,200,368$3,523,089$1,253,050$10,389,814
95$32,024,427$3,541,342$1,140,649$11,172,813
96$35,131,677$3,555,627$1,019,620$12,032,453
97$38,550,851$3,565,595$889,520$12,976,670
98$42,313,607$3,570,878$749,887$14,014,221
99$46,454,826$3,571,083$600,240$15,154,769
100$51,012,945$3,565,792$440,074$16,408,980