Can I retire at age 64 with 2,140,000?

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 $2,140,000?

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$176,719$175,145$173,609$172,110$170,647$167,475
2 years$87,485$85,855$84,276$82,745$81,260$78,077
3 years$57,744$56,107$54,532$53,016$51,555$48,459
4 years$42,876$41,245$39,686$38,195$36,769$33,785
5 years$33,958$32,337$30,798$29,337$27,951$25,086
6 years$28,015$26,405$24,889$23,461$22,117$19,375
7 years$23,771$22,175$20,683$19,289$17,987$15,368
8 years$20,590$19,008$17,541$16,181$14,922$12,426
9 years$18,116$16,550$15,108$13,783$12,567$10,192
10 years$16,139$14,588$13,171$11,881$10,707$8,452
11 years$14,522$12,987$11,596$10,340$9,209$7,070
12 years$13,176$11,656$10,291$9,069$7,980$5,955
13 years$12,038$10,534$9,194$8,007$6,959$5,044
14 years$11,063$9,575$8,261$7,108$6,100$4,293
15 years$10,219$8,747$7,459$6,339$5,371$3,667
16 years$9,481$8,025$6,762$5,676$4,747$3,143
17 years$8,831$7,391$6,154$5,100$4,209$2,700
18 years$8,253$6,829$5,617$4,596$3,742$2,326
19 years$7,737$6,330$5,142$4,153$3,336$2,007
20 years$7,273$5,882$4,719$3,761$2,979$1,734
21 years$6,854$5,479$4,341$3,413$2,666$1,501
22 years$6,473$5,114$4,001$3,104$2,390$1,301
23 years$6,127$4,783$3,694$2,826$2,145$1,129
24 years$5,809$4,481$3,416$2,578$1,928$980
25 years$5,517$4,206$3,164$2,354$1,735$851
26 years$5,248$3,953$2,935$2,153$1,563$740
27 years$5,000$3,720$2,725$1,970$1,409$644
28 years$4,770$3,505$2,533$1,805$1,271$561
29 years$4,556$3,307$2,358$1,655$1,148$488
30 years$4,356$3,123$2,196$1,519$1,037$425
31 years$4,170$2,952$2,047$1,395$938$371
32 years$3,996$2,793$1,910$1,282$848$323
33 years$3,832$2,645$1,783$1,179$768$282
34 years$3,679$2,507$1,666$1,085$695$246
35 years$3,535$2,378$1,558$999$630$214
36 years$3,399$2,257$1,457$920$570$187
37 years$3,271$2,144$1,364$848$517$163
38 years$3,149$2,037$1,277$781$469$142
39 years$3,034$1,937$1,197$720$425$124
40 years$2,926$1,843$1,122$664$386$108
41 years$2,823$1,754$1,052$613$350$95
42 years$2,725$1,671$987$566$317$83
43 years$2,631$1,592$926$522$288$72
44 years$2,543$1,518$869$482$261$63
45 years$2,458$1,447$816$445$237$55
46 years$2,377$1,381$766$411$216$48
47 years$2,301$1,317$720$380$196$42
48 years$2,227$1,258$677$351$178$37
49 years$2,157$1,201$636$325$161$32
50 years$2,089$1,147$598$300$147$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,140,000, adding $3,233 every year, while hoping to spend $27,979 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: 49/23/28 Blend
63$2,140,000$2,140,000$2,140,000$2,140,000
64$2,361,615$2,248,195$2,215,025$2,458,395
65$2,572,730$2,328,587$2,259,459$2,606,986
66$2,804,441$2,411,981$2,304,443$2,765,310
67$3,058,820$2,498,493$2,349,968$2,936,784
68$3,338,147$2,588,247$2,396,020$3,122,667
69$3,644,937$2,681,370$2,442,585$3,324,343
70$3,981,958$2,777,994$2,489,648$3,543,334
71$4,352,259$2,878,258$2,537,194$3,781,316
72$4,759,202$2,982,305$2,585,202$4,040,133
73$5,206,488$3,090,285$2,633,654$4,321,814
74$5,698,196$3,202,355$2,682,527$4,628,593
75$6,238,818$3,318,676$2,731,797$4,962,928
76$6,833,304$3,439,418$2,781,440$5,327,526
77$7,487,109$3,564,758$2,831,426$5,725,367
78$8,206,242$3,694,879$2,881,727$6,159,731
79$8,997,323$3,829,972$2,932,309$6,634,229
80$9,867,647$3,970,237$2,983,138$7,152,839
81$10,825,250$4,115,882$3,034,176$7,719,941
82$11,878,989$4,267,124$3,085,384$8,340,356
83$13,038,620$4,424,187$3,136,719$9,019,396
84$14,314,895$4,587,308$3,188,135$9,762,909
85$15,719,659$4,756,731$3,239,582$10,577,338
86$17,265,966$4,932,713$3,291,010$11,469,777
87$18,968,198$5,115,518$3,342,362$12,448,041
88$20,842,201$5,305,427$3,393,578$13,520,737
89$22,905,440$5,502,726$3,444,597$14,697,346
90$25,177,155$5,707,720$3,495,351$15,988,312
91$27,678,548$5,920,722$3,545,769$17,405,139
92$30,432,984$6,142,061$3,595,776$18,960,501
93$33,466,205$6,372,079$3,645,292$20,668,358
94$36,806,581$6,611,133$3,694,231$22,544,091
95$40,485,369$6,859,596$3,742,505$24,604,642
96$44,537,016$7,117,856$3,790,019$26,868,678
97$48,999,479$7,386,318$3,836,672$29,356,764
98$53,914,583$7,665,404$3,882,357$32,091,556
99$59,328,418$7,955,557$3,926,964$35,098,016
100$65,291,772$8,257,235$3,970,373$38,403,646