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%11.9%
1 years$178,371$176,782$175,232$173,719$172,241$170,870
2 years$88,302$86,658$85,064$83,519$82,020$80,637
3 years$58,283$56,632$55,042$53,511$52,037$50,686
4 years$43,277$41,630$40,057$38,552$37,113$35,804
5 years$34,275$32,639$31,085$29,611$28,213$26,950
6 years$28,276$26,652$25,122$23,681$22,324$21,109
7 years$23,993$22,382$20,876$19,469$18,155$16,988
8 years$20,782$19,186$17,705$16,332$15,061$13,943
9 years$18,286$16,705$15,249$13,911$12,684$11,613
10 years$16,290$14,724$13,294$11,992$10,807$9,784
11 years$14,658$13,108$11,704$10,436$9,295$8,318
12 years$13,299$11,765$10,387$9,154$8,055$7,123
13 years$12,150$10,632$9,280$8,082$7,024$6,137
14 years$11,166$9,664$8,338$7,174$6,157$5,314
15 years$10,314$8,829$7,528$6,398$5,421$4,620
16 years$9,570$8,100$6,826$5,729$4,791$4,032
17 years$8,913$7,460$6,211$5,147$4,248$3,529
18 years$8,330$6,893$5,670$4,639$3,777$3,096
19 years$7,809$6,389$5,191$4,191$3,367$2,723
20 years$7,341$5,937$4,764$3,796$3,007$2,399
21 years$6,918$5,530$4,382$3,445$2,691$2,117
22 years$6,534$5,162$4,038$3,133$2,412$1,871
23 years$6,184$4,828$3,729$2,853$2,165$1,656
24 years$5,863$4,523$3,448$2,602$1,946$1,467
25 years$5,569$4,245$3,194$2,376$1,751$1,301
26 years$5,297$3,990$2,962$2,173$1,578$1,155
27 years$5,047$3,755$2,751$1,989$1,422$1,026
28 years$4,814$3,538$2,557$1,822$1,283$912
29 years$4,598$3,338$2,380$1,671$1,159$811
30 years$4,397$3,152$2,216$1,533$1,047$722
31 years$4,209$2,980$2,066$1,408$947$643
32 years$4,033$2,819$1,928$1,294$856$572
33 years$3,868$2,670$1,800$1,190$775$510
34 years$3,713$2,531$1,682$1,095$702$455
35 years$3,568$2,400$1,573$1,008$636$405
36 years$3,431$2,278$1,471$928$576$361
37 years$3,301$2,164$1,377$855$522$322
38 years$3,179$2,056$1,289$788$473$288
39 years$3,063$1,955$1,208$727$429$257
40 years$2,953$1,860$1,132$671$389$229
41 years$2,849$1,771$1,062$619$353$204
42 years$2,750$1,687$996$571$320$182
43 years$2,656$1,607$935$527$291$163
44 years$2,566$1,532$877$487$264$145
45 years$2,481$1,461$824$449$240$130
46 years$2,400$1,393$774$415$218$116
47 years$2,322$1,330$727$384$198$104
48 years$2,248$1,269$683$354$179$93
49 years$2,177$1,212$642$328$163$83
50 years$2,109$1,158$604$303$148$74

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 $6,578 every year, while hoping to spend $34,403 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: 45/47/8 Blend
63$2,160,000$2,160,000$2,160,000$2,160,000
64$2,387,105$2,272,625$2,239,145$2,488,885
65$2,593,985$2,347,379$2,277,552$2,634,615
66$2,820,814$2,424,643$2,316,092$2,788,462
67$3,069,590$2,504,504$2,354,735$2,954,484
68$3,342,515$2,587,051$2,393,444$3,133,814
69$3,642,012$2,672,377$2,432,186$3,327,697
70$3,970,753$2,760,579$2,470,919$3,537,501
71$4,331,679$2,851,756$2,509,604$3,764,732
72$4,728,030$2,946,013$2,548,196$4,011,044
73$5,163,377$3,043,455$2,586,648$4,278,256
74$5,641,651$3,144,194$2,624,910$4,568,369
75$6,167,185$3,248,345$2,662,930$4,883,584
76$6,744,751$3,356,027$2,700,652$5,226,321
77$7,379,606$3,467,363$2,738,015$5,599,243
78$8,077,545$3,582,482$2,774,957$6,005,282
79$8,844,947$3,701,517$2,811,411$6,447,662
80$9,688,844$3,824,604$2,847,306$6,929,932
81$10,616,983$3,951,886$2,882,567$7,455,997
82$11,637,898$4,083,512$2,917,116$8,030,156
83$12,760,993$4,219,633$2,950,869$8,657,141
84$13,996,629$4,360,409$2,983,737$9,342,162
85$15,356,221$4,506,005$3,015,628$10,090,952
86$16,852,347$4,656,591$3,046,443$10,909,825
87$18,498,867$4,812,344$3,076,079$11,805,734
88$20,311,050$4,973,448$3,104,427$12,786,332
89$22,305,723$5,140,092$3,131,371$13,860,047
90$24,501,425$5,312,476$3,156,790$15,036,162
91$26,918,585$5,490,802$3,180,558$16,324,896
92$29,579,713$5,675,284$3,202,539$17,737,507
93$32,509,613$5,866,141$3,222,592$19,286,391
94$35,735,614$6,063,603$3,240,570$20,985,203
95$39,287,833$6,267,905$3,256,315$22,848,980
96$43,199,454$6,479,296$3,269,664$24,894,288
97$47,507,046$6,698,028$3,280,445$27,139,372
98$52,250,901$6,924,368$3,288,476$29,604,328
99$57,475,420$7,158,589$3,293,568$32,311,297
100$63,229,531$7,400,978$3,295,520$35,284,663