Can I retire at age 64 with 2,170,000?

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$179,197$177,600$176,043$174,523$173,039$169,268
2 years$88,711$87,059$85,458$83,905$82,399$78,620
3 years$58,553$56,894$55,297$53,759$52,278$48,607
4 years$43,477$41,823$40,242$38,730$37,285$33,751
5 years$34,434$32,790$31,229$29,749$28,343$24,956
6 years$28,407$26,775$25,238$23,790$22,427$19,191
7 years$24,104$22,486$20,973$19,559$18,239$15,154
8 years$20,878$19,275$17,787$16,408$15,131$12,196
9 years$18,370$16,782$15,320$13,976$12,743$9,956
10 years$16,365$14,793$13,356$12,047$10,857$8,216
11 years$14,726$13,169$11,758$10,485$9,338$6,838
12 years$13,361$11,820$10,435$9,196$8,092$5,729
13 years$12,207$10,682$9,323$8,119$7,056$4,827
14 years$11,218$9,709$8,377$7,207$6,185$4,086
15 years$10,362$8,870$7,563$6,428$5,446$3,471
16 years$9,614$8,138$6,857$5,755$4,813$2,958
17 years$8,954$7,494$6,240$5,171$4,268$2,527
18 years$8,369$6,925$5,696$4,660$3,795$2,164
19 years$7,846$6,418$5,215$4,211$3,382$1,856
20 years$7,375$5,964$4,786$3,814$3,021$1,595
21 years$6,950$5,555$4,402$3,461$2,704$1,372
22 years$6,564$5,186$4,057$3,147$2,423$1,181
23 years$6,212$4,850$3,746$2,866$2,175$1,018
24 years$5,890$4,544$3,464$2,614$1,955$879
25 years$5,595$4,265$3,209$2,387$1,759$759
26 years$5,322$4,008$2,976$2,183$1,585$655
27 years$5,070$3,772$2,763$1,998$1,429$567
28 years$4,836$3,554$2,569$1,831$1,289$490
29 years$4,619$3,353$2,391$1,679$1,164$424
30 years$4,417$3,167$2,227$1,541$1,052$367
31 years$4,228$2,994$2,076$1,415$951$318
32 years$4,052$2,832$1,937$1,300$860$275
33 years$3,886$2,682$1,808$1,196$779$238
34 years$3,731$2,542$1,690$1,100$705$206
35 years$3,584$2,411$1,580$1,013$638$179
36 years$3,446$2,289$1,478$933$578$155
37 years$3,316$2,174$1,383$859$524$134
38 years$3,193$2,066$1,295$792$475$116
39 years$3,077$1,964$1,214$730$431$101
40 years$2,967$1,869$1,138$674$391$87
41 years$2,862$1,779$1,067$622$355$76
42 years$2,763$1,694$1,001$574$322$66
43 years$2,668$1,614$939$530$292$57
44 years$2,578$1,539$881$489$265$49
45 years$2,493$1,467$827$452$241$43
46 years$2,411$1,400$777$417$219$37
47 years$2,333$1,336$730$385$198$32
48 years$2,258$1,275$686$356$180$28
49 years$2,187$1,218$645$329$164$24
50 years$2,119$1,163$606$304$149$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,170,000, adding $2,496 every year, while hoping to spend $59,707 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: 31/50/19 Blend
63$2,170,000$2,170,000$2,170,000$2,170,000
64$2,393,915$2,278,905$2,245,270$2,453,826
65$2,574,566$2,327,043$2,256,958$2,547,215
66$2,771,643$2,375,539$2,267,038$2,642,080
67$2,986,757$2,424,348$2,275,390$2,742,937
68$3,221,684$2,473,419$2,281,894$2,850,340
69$3,478,378$2,522,698$2,286,419$2,964,905
70$3,758,988$2,572,126$2,288,830$3,087,307
71$4,065,884$2,621,639$2,288,985$3,218,295
72$4,401,674$2,671,168$2,286,735$3,358,694
73$4,769,227$2,720,638$2,281,923$3,509,415
74$5,171,706$2,769,967$2,274,385$3,671,463
75$5,612,592$2,819,068$2,263,949$3,845,948
76$6,095,720$2,867,846$2,250,435$4,034,095
77$6,625,313$2,916,200$2,233,654$4,237,257
78$7,206,020$2,964,019$2,213,407$4,456,925
79$7,842,965$3,011,187$2,189,487$4,694,748
80$8,541,789$3,057,576$2,161,676$4,952,543
81$9,308,707$3,103,053$2,129,747$5,232,319
82$10,150,563$3,147,470$2,093,462$5,536,291
83$11,074,898$3,190,674$2,052,571$5,866,906
84$12,090,018$3,232,498$2,006,812$6,226,861
85$13,205,073$3,272,763$1,955,914$6,619,136
86$14,430,143$3,311,281$1,899,589$7,047,019
87$15,776,332$3,347,848$1,837,539$7,514,138
88$17,255,872$3,382,247$1,769,452$8,024,499
89$18,882,242$3,414,249$1,695,000$8,582,520
90$20,670,290$3,443,605$1,613,841$9,193,076
91$22,636,373$3,470,055$1,525,618$9,861,550
92$24,798,514$3,493,320$1,429,957$10,593,879
93$27,176,571$3,513,101$1,326,469$11,396,613
94$29,792,421$3,529,082$1,214,745$12,276,981
95$32,670,168$3,540,927$1,094,360$13,242,958
96$35,836,371$3,548,279$964,867$14,303,342
97$39,320,294$3,550,757$825,803$15,467,839
98$43,154,177$3,547,958$676,681$16,747,157
99$47,373,549$3,539,453$516,995$18,153,109
100$52,017,551$3,524,787$346,215$19,698,725