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

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$177,545$175,964$174,421$172,915$171,444$170,292
2 years$87,894$86,257$84,670$83,132$81,640$80,478
3 years$58,014$56,370$54,787$53,263$51,796$50,660
4 years$43,077$41,438$39,871$38,373$36,941$35,841
5 years$34,117$32,488$30,942$29,474$28,082$27,020
6 years$28,145$26,529$25,005$23,571$22,220$21,197
7 years$23,882$22,279$20,780$19,379$18,071$17,088
8 years$20,686$19,097$17,623$16,257$14,992$14,049
9 years$18,201$16,627$15,178$13,847$12,625$11,722
10 years$16,215$14,656$13,233$11,936$10,757$9,893
11 years$14,590$13,048$11,650$10,388$9,252$8,426
12 years$13,238$11,711$10,339$9,112$8,017$7,230
13 years$12,094$10,583$9,237$8,044$6,991$6,241
14 years$11,115$9,620$8,300$7,141$6,128$5,414
15 years$10,267$8,788$7,494$6,368$5,396$4,717
16 years$9,525$8,063$6,794$5,702$4,769$4,125
17 years$8,872$7,425$6,182$5,123$4,229$3,617
18 years$8,292$6,861$5,644$4,617$3,760$3,181
19 years$7,773$6,359$5,166$4,172$3,351$2,803
20 years$7,307$5,909$4,742$3,779$2,993$2,475
21 years$6,886$5,504$4,361$3,429$2,679$2,190
22 years$6,504$5,138$4,020$3,118$2,401$1,940
23 years$6,155$4,805$3,711$2,840$2,155$1,720
24 years$5,836$4,502$3,432$2,590$1,937$1,528
25 years$5,543$4,225$3,179$2,365$1,743$1,358
26 years$5,273$3,971$2,948$2,163$1,570$1,208
27 years$5,023$3,737$2,738$1,980$1,416$1,076
28 years$4,792$3,522$2,545$1,814$1,277$959
29 years$4,577$3,322$2,369$1,663$1,153$855
30 years$4,376$3,137$2,206$1,526$1,042$762
31 years$4,189$2,966$2,057$1,402$942$680
32 years$4,014$2,806$1,919$1,288$852$608
33 years$3,850$2,658$1,792$1,185$771$543
34 years$3,696$2,519$1,674$1,090$698$485
35 years$3,551$2,389$1,565$1,003$633$433
36 years$3,415$2,268$1,464$924$573$387
37 years$3,286$2,154$1,370$852$519$346
38 years$3,164$2,047$1,283$785$471$310
39 years$3,049$1,946$1,202$724$427$277
40 years$2,939$1,852$1,127$667$387$248
41 years$2,836$1,763$1,057$616$351$222
42 years$2,737$1,679$991$568$319$199
43 years$2,644$1,599$930$525$289$178
44 years$2,555$1,525$873$484$263$159
45 years$2,470$1,454$820$447$238$143
46 years$2,389$1,387$770$413$217$128
47 years$2,311$1,324$723$382$197$114
48 years$2,237$1,264$680$353$179$102
49 years$2,167$1,207$639$326$162$92
50 years$2,099$1,153$601$301$147$82

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 $4,204 every year, while hoping to spend $28,272 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: 61/17/22 Blend
63$2,150,000$2,150,000$2,150,000$2,150,000
64$2,373,636$2,259,686$2,226,361$2,504,446
65$2,585,666$2,340,330$2,270,863$2,674,158
66$2,818,375$2,423,977$2,315,909$2,855,822
67$3,073,843$2,510,746$2,361,485$3,053,465
68$3,354,361$2,600,758$2,407,581$3,268,646
69$3,662,452$2,694,141$2,454,180$3,503,080
70$4,000,895$2,791,027$2,501,268$3,758,656
71$4,372,753$2,891,554$2,548,827$4,037,453
72$4,781,398$2,995,865$2,596,838$4,341,760
73$5,230,549$3,104,110$2,645,280$4,674,097
74$5,724,298$3,216,445$2,694,130$5,037,240
75$6,267,158$3,333,032$2,743,365$5,434,243
76$6,864,096$3,454,039$2,792,956$5,868,473
77$7,520,590$3,579,643$2,842,876$6,343,634
78$8,242,671$3,710,026$2,893,093$6,863,808
79$9,036,987$3,845,381$2,943,575$7,433,489
80$9,910,860$3,985,904$2,994,285$8,057,627
81$10,872,359$4,131,805$3,045,185$8,741,675
82$11,930,374$4,283,299$3,096,234$9,491,639
83$13,094,702$4,440,610$3,147,387$10,314,132
84$14,376,135$4,603,973$3,198,598$11,216,443
85$15,786,567$4,773,634$3,249,817$12,206,597
86$17,339,100$4,949,845$3,300,989$13,293,437
87$19,048,174$5,132,874$3,352,058$14,486,704
88$20,929,700$5,322,996$3,402,964$15,797,128
89$23,001,207$5,520,501$3,453,641$17,236,530
90$25,282,013$5,725,688$3,504,021$18,817,935
91$27,793,404$5,938,873$3,554,031$20,555,691
92$30,558,834$6,160,381$3,603,594$22,465,605
93$33,604,149$6,390,553$3,652,629$24,565,093
94$36,957,829$6,629,747$3,701,048$26,873,343
95$40,651,254$6,878,331$3,748,760$29,411,497
96$44,719,006$7,136,693$3,795,668$32,202,848
97$49,199,191$7,405,237$3,841,668$35,273,059
98$54,133,798$7,684,383$3,886,654$38,650,409
99$59,569,098$7,974,571$3,930,509$42,366,052
100$65,556,078$8,276,258$3,973,114$46,454,319