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

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 $2,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$175,893$174,327$172,798$171,306$169,849$167,242
2 years$87,076$85,454$83,883$82,359$80,881$78,260
3 years$57,474$55,845$54,278$52,768$51,314$48,762
4 years$42,676$41,052$39,500$38,016$36,598$34,133
5 years$33,799$32,185$30,654$29,200$27,821$25,452
6 years$27,884$26,282$24,773$23,352$22,014$19,743
7 years$23,660$22,071$20,586$19,199$17,903$15,731
8 years$20,493$18,919$17,459$16,105$14,852$12,778
9 years$18,032$16,473$15,037$13,718$12,508$10,531
10 years$16,064$14,520$13,110$11,825$10,657$8,776
11 years$14,455$12,926$11,542$10,291$9,166$7,378
12 years$13,115$11,602$10,243$9,027$7,943$6,247
13 years$11,982$10,485$9,151$7,969$6,926$5,319
14 years$11,011$9,530$8,223$7,074$6,071$4,551
15 years$10,171$8,706$7,424$6,309$5,346$3,909
16 years$9,437$7,988$6,731$5,649$4,725$3,369
17 years$8,789$7,356$6,125$5,076$4,189$2,911
18 years$8,215$6,798$5,591$4,574$3,725$2,522
19 years$7,701$6,300$5,118$4,133$3,320$2,189
20 years$7,239$5,854$4,697$3,743$2,966$1,903
21 years$6,822$5,453$4,321$3,397$2,654$1,657
22 years$6,443$5,090$3,982$3,089$2,379$1,445
23 years$6,098$4,761$3,677$2,813$2,135$1,261
24 years$5,782$4,460$3,400$2,566$1,919$1,102
25 years$5,491$4,186$3,150$2,343$1,727$964
26 years$5,224$3,934$2,921$2,143$1,556$843
27 years$4,977$3,702$2,712$1,961$1,403$738
28 years$4,747$3,489$2,522$1,797$1,266$647
29 years$4,534$3,291$2,347$1,648$1,143$567
30 years$4,336$3,108$2,186$1,512$1,033$497
31 years$4,150$2,938$2,038$1,389$934$436
32 years$3,977$2,780$1,901$1,276$844$383
33 years$3,815$2,633$1,775$1,174$764$336
34 years$3,662$2,495$1,659$1,080$692$295
35 years$3,518$2,367$1,551$994$627$259
36 years$3,383$2,247$1,451$916$568$227
37 years$3,255$2,134$1,358$844$515$200
38 years$3,135$2,028$1,271$778$467$176
39 years$3,020$1,928$1,191$717$423$154
40 years$2,912$1,835$1,117$661$384$136
41 years$2,809$1,746$1,047$610$348$119
42 years$2,712$1,663$982$563$316$105
43 years$2,619$1,585$922$520$287$92
44 years$2,531$1,510$865$480$260$81
45 years$2,447$1,440$812$443$236$71
46 years$2,366$1,374$763$409$215$63
47 years$2,290$1,311$717$378$195$55
48 years$2,217$1,252$674$350$177$48
49 years$2,147$1,195$633$323$161$43
50 years$2,080$1,142$595$299$146$37

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 $3,107 every year, while hoping to spend $27,428 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: 53/39/8 Blend
63$2,130,000$2,130,000$2,130,000$2,130,000
64$2,350,465$2,237,575$2,204,560$2,470,257
65$2,561,029$2,318,033$2,249,229$2,632,305
66$2,792,152$2,401,514$2,294,476$2,805,258
67$3,045,900$2,488,138$2,340,290$2,992,761
68$3,324,553$2,578,027$2,386,661$3,196,194
69$3,630,620$2,671,313$2,433,577$3,417,075
70$3,966,865$2,768,129$2,481,023$3,657,072
71$4,336,334$2,868,616$2,528,986$3,918,021
72$4,742,380$2,972,919$2,577,448$4,201,939
73$5,188,702$3,081,190$2,626,391$4,511,046
74$5,679,370$3,193,589$2,675,796$4,847,783
75$6,218,871$3,310,281$2,725,640$5,214,837
76$6,812,148$3,431,436$2,775,901$5,615,163
77$7,464,646$3,557,235$2,826,552$6,052,012
78$8,182,365$3,687,865$2,877,567$6,528,964
79$8,971,915$3,823,519$2,928,915$7,049,957
80$9,840,581$3,964,402$2,980,563$7,619,324
81$10,796,386$4,110,724$3,032,479$8,241,837
82$11,848,174$4,262,706$3,084,623$8,922,747
83$13,005,687$4,420,578$3,136,957$9,667,836
84$14,279,659$4,584,578$3,189,437$10,483,468
85$15,681,920$4,754,958$3,242,019$11,376,649
86$17,225,502$4,931,977$3,294,653$12,355,095
87$18,924,766$5,115,907$3,347,286$13,427,300
88$20,795,536$5,307,030$3,399,864$14,602,618
89$22,855,249$5,505,643$3,452,328$15,891,348
90$25,123,117$5,712,052$3,504,614$17,304,833
91$27,620,312$5,926,580$3,556,655$18,855,564
92$30,370,162$6,149,560$3,608,381$20,557,298
93$33,398,372$6,381,343$3,659,716$22,425,185
94$36,733,270$6,622,292$3,710,580$24,475,911
95$40,406,067$6,872,788$3,760,888$26,727,857
96$44,451,159$7,133,227$3,810,551$29,201,264
97$48,906,446$7,404,024$3,859,473$31,918,432
98$53,813,692$7,685,610$3,907,554$34,903,921
99$59,218,919$7,978,435$3,954,687$38,184,787
100$65,172,840$8,282,970$4,000,761$41,790,832