Can I retire at age 64 with 2,150,000?

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$177,545$175,964$174,421$172,915$171,444$169,442
2 years$87,894$86,257$84,670$83,132$81,640$79,625
3 years$58,014$56,370$54,787$53,263$51,796$49,830
4 years$43,077$41,438$39,871$38,373$36,941$35,040
5 years$34,117$32,488$30,942$29,474$28,082$26,251
6 years$28,145$26,529$25,005$23,571$22,220$20,462
7 years$23,882$22,279$20,780$19,379$18,071$16,386
8 years$20,686$19,097$17,623$16,257$14,992$13,379
9 years$18,201$16,627$15,178$13,847$12,625$11,085
10 years$16,215$14,656$13,233$11,936$10,757$9,289
11 years$14,590$13,048$11,650$10,388$9,252$7,853
12 years$13,238$11,711$10,339$9,112$8,017$6,687
13 years$12,094$10,583$9,237$8,044$6,991$5,728
14 years$11,115$9,620$8,300$7,141$6,128$4,930
15 years$10,267$8,788$7,494$6,368$5,396$4,261
16 years$9,525$8,063$6,794$5,702$4,769$3,695
17 years$8,872$7,425$6,182$5,123$4,229$3,214
18 years$8,292$6,861$5,644$4,617$3,760$2,802
19 years$7,773$6,359$5,166$4,172$3,351$2,448
20 years$7,307$5,909$4,742$3,779$2,993$2,143
21 years$6,886$5,504$4,361$3,429$2,679$1,879
22 years$6,504$5,138$4,020$3,118$2,401$1,649
23 years$6,155$4,805$3,711$2,840$2,155$1,450
24 years$5,836$4,502$3,432$2,590$1,937$1,275
25 years$5,543$4,225$3,179$2,365$1,743$1,123
26 years$5,273$3,971$2,948$2,163$1,570$990
27 years$5,023$3,737$2,738$1,980$1,416$873
28 years$4,792$3,522$2,545$1,814$1,277$770
29 years$4,577$3,322$2,369$1,663$1,153$680
30 years$4,376$3,137$2,206$1,526$1,042$601
31 years$4,189$2,966$2,057$1,402$942$531
32 years$4,014$2,806$1,919$1,288$852$470
33 years$3,850$2,658$1,792$1,185$771$415
34 years$3,696$2,519$1,674$1,090$698$367
35 years$3,551$2,389$1,565$1,003$633$325
36 years$3,415$2,268$1,464$924$573$288
37 years$3,286$2,154$1,370$852$519$255
38 years$3,164$2,047$1,283$785$471$225
39 years$3,049$1,946$1,202$724$427$200
40 years$2,939$1,852$1,127$667$387$177
41 years$2,836$1,763$1,057$616$351$157
42 years$2,737$1,679$991$568$319$139
43 years$2,644$1,599$930$525$289$123
44 years$2,555$1,525$873$484$263$109
45 years$2,470$1,454$820$447$238$96
46 years$2,389$1,387$770$413$217$85
47 years$2,311$1,324$723$382$197$76
48 years$2,237$1,264$680$353$179$67
49 years$2,167$1,207$639$326$162$59
50 years$2,099$1,153$601$301$147$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,150,000, adding $3,657 every year, while hoping to spend $53,069 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: 54/24/22 Blend
63$2,150,000$2,150,000$2,150,000$2,150,000
64$2,373,072$2,259,122$2,225,797$2,486,724
65$2,558,661$2,313,354$2,243,896$2,619,403
66$2,761,400$2,368,465$2,260,823$2,757,904
67$2,982,985$2,424,441$2,276,483$2,907,554
68$3,225,278$2,481,268$2,290,774$3,069,435
69$3,490,334$2,538,927$2,303,592$3,244,740
70$3,780,412$2,597,398$2,314,826$3,434,783
71$4,098,000$2,656,658$2,324,359$3,641,015
72$4,445,840$2,716,678$2,332,069$3,865,030
73$4,826,950$2,777,429$2,337,828$4,108,589
74$5,244,654$2,838,878$2,341,500$4,373,631
75$5,702,612$2,900,986$2,342,943$4,662,292
76$6,204,856$2,963,713$2,342,010$4,976,927
77$6,755,828$3,027,011$2,338,543$5,320,132
78$7,360,418$3,090,830$2,332,380$5,694,769
79$8,024,014$3,155,114$2,323,349$6,103,990
80$8,752,552$3,219,803$2,311,269$6,551,271
81$9,552,568$3,284,829$2,295,952$7,040,444
82$10,431,264$3,350,120$2,277,201$7,575,729
83$11,396,573$3,415,597$2,254,808$8,161,782
84$12,457,236$3,481,173$2,228,556$8,803,733
85$13,622,881$3,546,757$2,198,219$9,507,236
86$14,904,113$3,612,247$2,163,558$10,278,524
87$16,312,620$3,677,534$2,124,325$11,124,468
88$17,861,276$3,742,502$2,080,258$12,052,640
89$19,564,264$3,807,023$2,031,085$13,071,387
90$21,437,214$3,870,961$1,976,521$14,189,910
91$23,497,342$3,934,171$1,916,267$15,418,352
92$25,763,619$3,996,494$1,850,010$16,767,890
93$28,256,948$4,057,761$1,777,425$18,250,845
94$31,000,357$4,117,793$1,698,169$19,880,801
95$34,019,222$4,176,393$1,611,887$21,672,727
96$37,341,502$4,233,355$1,518,204$23,643,124
97$40,998,002$4,288,456$1,416,730$25,810,179
98$45,022,666$4,341,459$1,307,059$28,193,940
99$49,452,897$4,392,109$1,188,764$30,816,504
100$54,329,905$4,440,135$1,061,400$33,702,226