Can I retire at age 64 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$178,371$176,782$175,232$173,719$172,241$166,395
2 years$88,302$86,658$85,064$83,519$82,020$76,188
3 years$58,283$56,632$55,042$53,511$52,037$46,403
4 years$43,277$41,630$40,057$38,552$37,113$31,721
5 years$34,275$32,639$31,085$29,611$28,213$23,076
6 years$28,276$26,652$25,122$23,681$22,324$17,446
7 years$23,993$22,382$20,876$19,469$18,155$13,536
8 years$20,782$19,186$17,705$16,332$15,061$10,698
9 years$18,286$16,705$15,249$13,911$12,684$8,570
10 years$16,290$14,724$13,294$11,992$10,807$6,936
11 years$14,658$13,108$11,704$10,436$9,295$5,659
12 years$13,299$11,765$10,387$9,154$8,055$4,646
13 years$12,150$10,632$9,280$8,082$7,024$3,834
14 years$11,166$9,664$8,338$7,174$6,157$3,176
15 years$10,314$8,829$7,528$6,398$5,421$2,640
16 years$9,570$8,100$6,826$5,729$4,791$2,200
17 years$8,913$7,460$6,211$5,147$4,248$1,838
18 years$8,330$6,893$5,670$4,639$3,777$1,538
19 years$7,809$6,389$5,191$4,191$3,367$1,289
20 years$7,341$5,937$4,764$3,796$3,007$1,081
21 years$6,918$5,530$4,382$3,445$2,691$908
22 years$6,534$5,162$4,038$3,133$2,412$764
23 years$6,184$4,828$3,729$2,853$2,165$643
24 years$5,863$4,523$3,448$2,602$1,946$541
25 years$5,569$4,245$3,194$2,376$1,751$456
26 years$5,297$3,990$2,962$2,173$1,578$384
27 years$5,047$3,755$2,751$1,989$1,422$324
28 years$4,814$3,538$2,557$1,822$1,283$273
29 years$4,598$3,338$2,380$1,671$1,159$230
30 years$4,397$3,152$2,216$1,533$1,047$194
31 years$4,209$2,980$2,066$1,408$947$164
32 years$4,033$2,819$1,928$1,294$856$138
33 years$3,868$2,670$1,800$1,190$775$117
34 years$3,713$2,531$1,682$1,095$702$98
35 years$3,568$2,400$1,573$1,008$636$83
36 years$3,431$2,278$1,471$928$576$70
37 years$3,301$2,164$1,377$855$522$59
38 years$3,179$2,056$1,289$788$473$50
39 years$3,063$1,955$1,208$727$429$42
40 years$2,953$1,860$1,132$671$389$36
41 years$2,849$1,771$1,062$619$353$30
42 years$2,750$1,687$996$571$320$25
43 years$2,656$1,607$935$527$291$21
44 years$2,566$1,532$877$487$264$18
45 years$2,481$1,461$824$449$240$15
46 years$2,400$1,393$774$415$218$13
47 years$2,322$1,330$727$384$198$11
48 years$2,248$1,269$683$354$179$9
49 years$2,177$1,212$642$328$163$8
50 years$2,109$1,158$604$303$148$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,160,000, adding $6,390 every year, while hoping to spend $49,557 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: 48/28/24 Blend
63$2,160,000$2,160,000$2,160,000$2,160,000
64$2,386,911$2,272,431$2,238,951$2,484,922
65$2,577,648$2,331,052$2,261,228$2,612,753
66$2,786,179$2,390,885$2,282,590$2,746,048
67$3,014,267$2,451,935$2,302,954$2,889,801
68$3,263,852$2,514,211$2,322,233$3,045,020
69$3,537,072$2,577,714$2,340,336$3,212,814
70$3,836,281$2,642,449$2,357,164$3,394,405
71$4,164,069$2,708,417$2,372,616$3,591,138
72$4,523,291$2,775,616$2,386,586$3,804,496
73$4,917,090$2,844,045$2,398,960$4,036,114
74$5,348,928$2,913,697$2,409,620$4,287,792
75$5,822,617$2,984,567$2,418,441$4,561,514
76$6,342,358$3,056,645$2,425,293$4,859,466
77$6,912,777$3,129,919$2,430,038$5,184,059
78$7,538,968$3,204,373$2,432,532$5,537,946
79$8,226,545$3,279,989$2,432,624$5,924,056
80$8,981,690$3,356,747$2,430,155$6,345,612
81$9,811,216$3,434,621$2,424,958$6,806,169
82$10,722,625$3,513,582$2,416,860$7,309,645
83$11,724,184$3,593,599$2,405,676$7,860,357
84$12,825,000$3,674,634$2,391,214$8,463,064
85$14,035,104$3,756,645$2,373,274$9,123,011
86$15,365,551$3,839,587$2,351,645$9,845,979
87$16,828,517$3,923,407$2,326,105$10,638,340
88$18,437,420$4,008,048$2,296,424$11,507,116
89$20,207,041$4,093,447$2,262,359$12,460,049
90$22,153,668$4,179,534$2,223,656$13,505,669
91$24,295,244$4,266,233$2,180,050$14,653,382
92$26,651,540$4,353,460$2,131,264$15,913,551
93$29,244,342$4,441,124$2,077,005$17,297,601
94$32,097,651$4,529,125$2,016,971$18,818,124
95$35,237,914$4,617,356$1,950,843$20,488,999
96$38,694,274$4,705,698$1,878,288$22,325,524
97$42,498,837$4,794,025$1,798,959$24,344,560
98$46,686,986$4,882,199$1,712,491$26,564,691
99$51,297,703$4,970,072$1,618,504$29,006,400
100$56,373,946$5,057,482$1,516,601$31,692,265