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

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$178,371$176,782$175,232$173,719$172,241$169,458
2 years$88,302$86,658$85,064$83,519$82,020$79,223
3 years$58,283$56,632$55,042$53,511$52,037$49,314
4 years$43,277$41,630$40,057$38,552$37,113$34,485
5 years$34,275$32,639$31,085$29,611$28,213$25,687
6 years$28,276$26,652$25,122$23,681$22,324$19,903
7 years$23,993$22,382$20,876$19,469$18,155$15,841
8 years$20,782$19,186$17,705$16,332$15,061$12,853
9 years$18,286$16,705$15,249$13,911$12,684$10,580
10 years$16,290$14,724$13,294$11,992$10,807$8,806
11 years$14,658$13,108$11,704$10,436$9,295$7,394
12 years$13,299$11,765$10,387$9,154$8,055$6,252
13 years$12,150$10,632$9,280$8,082$7,024$5,317
14 years$11,166$9,664$8,338$7,174$6,157$4,543
15 years$10,314$8,829$7,528$6,398$5,421$3,897
16 years$9,570$8,100$6,826$5,729$4,791$3,354
17 years$8,913$7,460$6,211$5,147$4,248$2,894
18 years$8,330$6,893$5,670$4,639$3,777$2,503
19 years$7,809$6,389$5,191$4,191$3,367$2,170
20 years$7,341$5,937$4,764$3,796$3,007$1,884
21 years$6,918$5,530$4,382$3,445$2,691$1,638
22 years$6,534$5,162$4,038$3,133$2,412$1,426
23 years$6,184$4,828$3,729$2,853$2,165$1,243
24 years$5,863$4,523$3,448$2,602$1,946$1,084
25 years$5,569$4,245$3,194$2,376$1,751$946
26 years$5,297$3,990$2,962$2,173$1,578$827
27 years$5,047$3,755$2,751$1,989$1,422$723
28 years$4,814$3,538$2,557$1,822$1,283$632
29 years$4,598$3,338$2,380$1,671$1,159$553
30 years$4,397$3,152$2,216$1,533$1,047$484
31 years$4,209$2,980$2,066$1,408$947$424
32 years$4,033$2,819$1,928$1,294$856$372
33 years$3,868$2,670$1,800$1,190$775$326
34 years$3,713$2,531$1,682$1,095$702$285
35 years$3,568$2,400$1,573$1,008$636$250
36 years$3,431$2,278$1,471$928$576$219
37 years$3,301$2,164$1,377$855$522$192
38 years$3,179$2,056$1,289$788$473$169
39 years$3,063$1,955$1,208$727$429$148
40 years$2,953$1,860$1,132$671$389$130
41 years$2,849$1,771$1,062$619$353$114
42 years$2,750$1,687$996$571$320$100
43 years$2,656$1,607$935$527$291$88
44 years$2,566$1,532$877$487$264$77
45 years$2,481$1,461$824$449$240$68
46 years$2,400$1,393$774$415$218$59
47 years$2,322$1,330$727$384$198$52
48 years$2,248$1,269$683$354$179$46
49 years$2,177$1,212$642$328$163$40
50 years$2,109$1,158$604$303$148$35

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 $6,343 every year, while hoping to spend $29,735 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: 42/36/22 Blend
63$2,160,000$2,160,000$2,160,000$2,160,000
64$2,386,863$2,272,383$2,238,903$2,471,494
65$2,598,685$2,352,092$2,282,268$2,612,085
66$2,831,116$2,434,710$2,326,090$2,760,895
67$3,086,228$2,520,348$2,370,351$2,921,445
68$3,366,300$2,609,123$2,415,035$3,094,830
69$3,673,847$2,701,153$2,460,123$3,282,255
70$4,011,634$2,796,565$2,505,592$3,485,043
71$4,382,712$2,895,488$2,551,421$3,704,649
72$4,790,440$2,998,058$2,597,585$3,942,674
73$5,238,518$3,104,416$2,644,056$4,200,877
74$5,731,022$3,214,708$2,690,808$4,481,195
75$6,272,445$3,329,087$2,737,808$4,785,757
76$6,867,733$3,447,711$2,785,024$5,116,906
77$7,522,340$3,570,746$2,832,420$5,477,218
78$8,242,270$3,698,364$2,879,957$5,869,531
79$9,034,141$3,830,744$2,927,596$6,296,965
80$9,905,245$3,968,072$2,975,292$6,762,957
81$10,863,615$4,110,542$3,022,999$7,271,286
82$11,918,101$4,258,356$3,070,667$7,826,114
83$13,078,457$4,411,725$3,118,243$8,432,023
84$14,355,427$4,570,867$3,165,672$9,094,057
85$15,760,851$4,736,011$3,212,893$9,817,767
86$17,307,776$4,907,393$3,259,843$10,609,267
87$19,010,576$5,085,262$3,306,454$11,475,289
88$20,885,089$5,269,875$3,352,655$12,423,244
89$22,948,770$5,461,499$3,398,370$13,461,295
90$25,220,847$5,660,416$3,443,519$14,598,430
91$27,722,513$5,866,916$3,488,016$15,844,548
92$30,477,116$6,081,301$3,531,771$17,210,549
93$33,510,386$6,303,890$3,574,690$18,708,441
94$36,850,675$6,535,010$3,616,672$20,351,447
95$40,529,224$6,775,005$3,657,610$22,154,133
96$44,580,458$7,024,234$3,697,393$24,132,541
97$49,042,311$7,283,067$3,735,902$26,304,344
98$53,956,585$7,551,896$3,773,013$28,689,007
99$59,369,341$7,831,123$3,808,593$31,307,972
100$65,331,337$8,121,172$3,842,505$34,184,862