Can I retire at age 64 with 2,130,000?

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 $2,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$175,893$174,327$172,798$171,306$169,849$165,878
2 years$87,076$85,454$83,883$82,359$80,881$76,902
3 years$57,474$55,845$54,278$52,768$51,314$47,453
4 years$42,676$41,052$39,500$38,016$36,598$32,883
5 years$33,799$32,185$30,654$29,200$27,821$24,264
6 years$27,884$26,282$24,773$23,352$22,014$18,618
7 years$23,660$22,071$20,586$19,199$17,903$14,668
8 years$20,493$18,919$17,459$16,105$14,852$11,778
9 years$18,032$16,473$15,037$13,718$12,508$9,591
10 years$16,064$14,520$13,110$11,825$10,657$7,895
11 years$14,455$12,926$11,542$10,291$9,166$6,554
12 years$13,115$11,602$10,243$9,027$7,943$5,478
13 years$11,982$10,485$9,151$7,969$6,926$4,603
14 years$11,011$9,530$8,223$7,074$6,071$3,885
15 years$10,171$8,706$7,424$6,309$5,346$3,291
16 years$9,437$7,988$6,731$5,649$4,725$2,797
17 years$8,789$7,356$6,125$5,076$4,189$2,383
18 years$8,215$6,798$5,591$4,574$3,725$2,034
19 years$7,701$6,300$5,118$4,133$3,320$1,740
20 years$7,239$5,854$4,697$3,743$2,966$1,490
21 years$6,822$5,453$4,321$3,397$2,654$1,278
22 years$6,443$5,090$3,982$3,089$2,379$1,097
23 years$6,098$4,761$3,677$2,813$2,135$943
24 years$5,782$4,460$3,400$2,566$1,919$811
25 years$5,491$4,186$3,150$2,343$1,727$698
26 years$5,224$3,934$2,921$2,143$1,556$601
27 years$4,977$3,702$2,712$1,961$1,403$518
28 years$4,747$3,489$2,522$1,797$1,266$446
29 years$4,534$3,291$2,347$1,648$1,143$385
30 years$4,336$3,108$2,186$1,512$1,033$332
31 years$4,150$2,938$2,038$1,389$934$286
32 years$3,977$2,780$1,901$1,276$844$247
33 years$3,815$2,633$1,775$1,174$764$213
34 years$3,662$2,495$1,659$1,080$692$184
35 years$3,518$2,367$1,551$994$627$159
36 years$3,383$2,247$1,451$916$568$137
37 years$3,255$2,134$1,358$844$515$119
38 years$3,135$2,028$1,271$778$467$103
39 years$3,020$1,928$1,191$717$423$89
40 years$2,912$1,835$1,117$661$384$76
41 years$2,809$1,746$1,047$610$348$66
42 years$2,712$1,663$982$563$316$57
43 years$2,619$1,585$922$520$287$49
44 years$2,531$1,510$865$480$260$43
45 years$2,447$1,440$812$443$236$37
46 years$2,366$1,374$763$409$215$32
47 years$2,290$1,311$717$378$195$28
48 years$2,217$1,252$674$350$177$24
49 years$2,147$1,195$633$323$161$21
50 years$2,080$1,142$595$299$146$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,130,000, adding $3,970 every year, while hoping to spend $34,536 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: 70/23/7 Blend
63$2,130,000$2,130,000$2,130,000$2,130,000
64$2,351,355$2,238,465$2,205,450$2,513,115
65$2,554,447$2,311,404$2,242,587$2,693,537
66$2,777,097$2,386,759$2,279,810$2,886,261
67$3,021,264$2,464,613$2,317,086$3,096,193
68$3,289,104$2,545,050$2,354,379$3,325,015
69$3,582,993$2,628,158$2,391,651$3,574,577
70$3,905,548$2,714,028$2,428,862$3,846,917
71$4,259,653$2,802,753$2,465,967$4,144,280
72$4,648,481$2,894,433$2,502,922$4,469,134
73$5,075,533$2,989,166$2,539,676$4,824,199
74$5,544,660$3,087,058$2,576,177$5,212,468
75$6,060,107$3,188,216$2,612,372$5,637,240
76$6,626,553$3,292,753$2,648,200$6,102,143
77$7,249,147$3,400,784$2,683,601$6,611,177
78$7,933,566$3,512,429$2,718,508$7,168,743
79$8,686,065$3,627,812$2,752,853$7,779,690
80$9,513,531$3,747,062$2,786,561$8,449,359
81$10,423,555$3,870,313$2,819,555$9,183,633
82$11,424,501$3,997,701$2,851,753$9,988,988
83$12,525,582$4,129,371$2,883,069$10,872,562
84$13,736,950$4,265,469$2,913,411$11,842,215
85$15,069,792$4,406,149$2,942,682$12,906,606
86$16,536,431$4,551,571$2,970,782$14,075,273
87$18,150,447$4,701,898$2,997,604$15,358,724
88$19,926,803$4,857,301$3,023,034$16,768,533
89$21,881,984$5,017,957$3,046,953$18,317,453
90$24,034,158$5,184,048$3,069,237$20,019,532
91$26,403,340$5,355,764$3,089,755$21,890,247
92$29,011,586$5,533,302$3,108,367$23,946,650
93$31,883,199$5,716,865$3,124,929$26,207,526
94$35,044,959$5,906,665$3,139,287$28,693,573
95$38,526,372$6,102,919$3,151,280$31,427,595
96$42,359,955$6,305,854$3,160,741$34,434,717
97$46,581,535$6,515,706$3,167,491$37,742,621
98$51,230,594$6,732,719$3,171,344$41,381,808
99$56,350,636$6,957,143$3,172,106$45,385,884
100$61,989,600$7,189,242$3,169,570$49,791,878