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%13.6%
1 years$177,545$175,964$174,421$172,915$171,444$168,882
2 years$87,894$86,257$84,670$83,132$81,640$79,065
3 years$58,014$56,370$54,787$53,263$51,796$49,287
4 years$43,077$41,438$39,871$38,373$36,941$34,519
5 years$34,117$32,488$30,942$29,474$28,082$25,753
6 years$28,145$26,529$25,005$23,571$22,220$19,987
7 years$23,882$22,279$20,780$19,379$18,071$15,934
8 years$20,686$19,097$17,623$16,257$14,992$12,951
9 years$18,201$16,627$15,178$13,847$12,625$10,679
10 years$16,215$14,656$13,233$11,936$10,757$8,905
11 years$14,590$13,048$11,650$10,388$9,252$7,491
12 years$13,238$11,711$10,339$9,112$8,017$6,347
13 years$12,094$10,583$9,237$8,044$6,991$5,408
14 years$11,115$9,620$8,300$7,141$6,128$4,630
15 years$10,267$8,788$7,494$6,368$5,396$3,980
16 years$9,525$8,063$6,794$5,702$4,769$3,432
17 years$8,872$7,425$6,182$5,123$4,229$2,968
18 years$8,292$6,861$5,644$4,617$3,760$2,573
19 years$7,773$6,359$5,166$4,172$3,351$2,235
20 years$7,307$5,909$4,742$3,779$2,993$1,945
21 years$6,886$5,504$4,361$3,429$2,679$1,695
22 years$6,504$5,138$4,020$3,118$2,401$1,479
23 years$6,155$4,805$3,711$2,840$2,155$1,292
24 years$5,836$4,502$3,432$2,590$1,937$1,130
25 years$5,543$4,225$3,179$2,365$1,743$988
26 years$5,273$3,971$2,948$2,163$1,570$866
27 years$5,023$3,737$2,738$1,980$1,416$759
28 years$4,792$3,522$2,545$1,814$1,277$665
29 years$4,577$3,322$2,369$1,663$1,153$584
30 years$4,376$3,137$2,206$1,526$1,042$512
31 years$4,189$2,966$2,057$1,402$942$450
32 years$4,014$2,806$1,919$1,288$852$395
33 years$3,850$2,658$1,792$1,185$771$347
34 years$3,696$2,519$1,674$1,090$698$305
35 years$3,551$2,389$1,565$1,003$633$268
36 years$3,415$2,268$1,464$924$573$235
37 years$3,286$2,154$1,370$852$519$207
38 years$3,164$2,047$1,283$785$471$182
39 years$3,049$1,946$1,202$724$427$160
40 years$2,939$1,852$1,127$667$387$141
41 years$2,836$1,763$1,057$616$351$124
42 years$2,737$1,679$991$568$319$109
43 years$2,644$1,599$930$525$289$96
44 years$2,555$1,525$873$484$263$84
45 years$2,470$1,454$820$447$238$74
46 years$2,389$1,387$770$413$217$65
47 years$2,311$1,324$723$382$197$57
48 years$2,237$1,264$680$353$179$51
49 years$2,167$1,207$639$326$162$45
50 years$2,099$1,153$601$301$147$39

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 $5,785 every year, while hoping to spend $29,119 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: 38/36/26 Blend
63$2,150,000$2,150,000$2,150,000$2,150,000
64$2,375,267$2,261,317$2,227,992$2,446,926
65$2,586,562$2,341,139$2,271,648$2,579,688
66$2,818,433$2,423,897$2,315,789$2,719,964
67$3,072,948$2,509,703$2,360,403$2,871,002
68$3,352,386$2,598,675$2,405,473$3,033,797
69$3,659,254$2,690,935$2,450,982$3,209,441
70$3,996,319$2,786,612$2,496,911$3,399,135
71$4,366,624$2,885,837$2,543,238$3,604,198
72$4,773,526$2,988,748$2,589,942$3,826,082
73$5,220,718$3,095,490$2,636,998$4,066,382
74$5,712,273$3,206,211$2,684,380$4,326,851
75$6,252,677$3,321,067$2,732,058$4,609,421
76$6,846,871$3,440,220$2,780,003$4,916,213
77$7,500,300$3,563,839$2,828,182$5,249,562
78$8,218,963$3,692,100$2,876,558$5,612,037
79$9,009,469$3,825,185$2,925,095$6,006,464
80$9,879,101$3,963,284$2,973,751$6,435,955
81$10,835,880$4,106,596$3,022,482$6,903,933
82$11,888,648$4,255,327$3,071,244$7,414,164
83$13,047,145$4,409,693$3,119,985$7,970,795
84$14,322,102$4,569,917$3,168,654$8,578,392
85$15,725,347$4,736,233$3,217,193$9,241,980
86$17,269,907$4,908,883$3,265,544$9,967,090
87$18,970,141$5,088,122$3,313,643$10,759,814
88$20,841,867$5,274,212$3,361,422$11,626,858
89$22,902,518$5,467,429$3,408,811$12,575,606
90$25,171,302$5,668,059$3,455,732$13,614,190
91$27,669,381$5,876,401$3,502,106$14,751,563
92$30,420,080$6,092,766$3,547,848$15,997,587
93$33,449,094$6,317,478$3,592,867$17,363,122
94$36,784,743$6,550,875$3,637,069$18,860,127
95$40,458,228$6,793,310$3,680,353$20,501,776
96$44,503,934$7,045,149$3,722,612$22,302,577
97$48,959,750$7,306,776$3,763,734$24,278,511
98$53,867,427$7,578,590$3,803,601$26,447,181
99$59,272,970$7,861,007$3,842,087$28,827,977
100$65,227,077$8,154,460$3,879,061$31,442,257