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%17.5%
1 years$179,197$177,600$176,043$174,523$173,039$167,769
2 years$88,711$87,059$85,458$83,905$82,399$77,135
3 years$58,553$56,894$55,297$53,759$52,278$47,184
4 years$43,477$41,823$40,242$38,730$37,285$32,401
5 years$34,434$32,790$31,229$29,749$28,343$23,683
6 years$28,407$26,775$25,238$23,790$22,427$17,994
7 years$24,104$22,486$20,973$19,559$18,239$14,033
8 years$20,878$19,275$17,787$16,408$15,131$11,149
9 years$18,370$16,782$15,320$13,976$12,743$8,981
10 years$16,365$14,793$13,356$12,047$10,857$7,310
11 years$14,726$13,169$11,758$10,485$9,338$5,999
12 years$13,361$11,820$10,435$9,196$8,092$4,955
13 years$12,207$10,682$9,323$8,119$7,056$4,113
14 years$11,218$9,709$8,377$7,207$6,185$3,429
15 years$10,362$8,870$7,563$6,428$5,446$2,869
16 years$9,614$8,138$6,857$5,755$4,813$2,406
17 years$8,954$7,494$6,240$5,171$4,268$2,023
18 years$8,369$6,925$5,696$4,660$3,795$1,704
19 years$7,846$6,418$5,215$4,211$3,382$1,438
20 years$7,375$5,964$4,786$3,814$3,021$1,215
21 years$6,950$5,555$4,402$3,461$2,704$1,028
22 years$6,564$5,186$4,057$3,147$2,423$870
23 years$6,212$4,850$3,746$2,866$2,175$737
24 years$5,890$4,544$3,464$2,614$1,955$625
25 years$5,595$4,265$3,209$2,387$1,759$530
26 years$5,322$4,008$2,976$2,183$1,585$450
27 years$5,070$3,772$2,763$1,998$1,429$382
28 years$4,836$3,554$2,569$1,831$1,289$325
29 years$4,619$3,353$2,391$1,679$1,164$276
30 years$4,417$3,167$2,227$1,541$1,052$234
31 years$4,228$2,994$2,076$1,415$951$199
32 years$4,052$2,832$1,937$1,300$860$169
33 years$3,886$2,682$1,808$1,196$779$144
34 years$3,731$2,542$1,690$1,100$705$123
35 years$3,584$2,411$1,580$1,013$638$104
36 years$3,446$2,289$1,478$933$578$89
37 years$3,316$2,174$1,383$859$524$75
38 years$3,193$2,066$1,295$792$475$64
39 years$3,077$1,964$1,214$730$431$55
40 years$2,967$1,869$1,138$674$391$46
41 years$2,862$1,779$1,067$622$355$40
42 years$2,763$1,694$1,001$574$322$34
43 years$2,668$1,614$939$530$292$29
44 years$2,578$1,539$881$489$265$24
45 years$2,493$1,467$827$452$241$21
46 years$2,411$1,400$777$417$219$18
47 years$2,333$1,336$730$385$198$15
48 years$2,258$1,275$686$356$180$13
49 years$2,187$1,218$645$329$164$11
50 years$2,119$1,163$606$304$149$9

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 $2,356 every year, while hoping to spend $33,665 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: 80/12/8 Blend
63$2,170,000$2,170,000$2,170,000$2,170,000
64$2,393,770$2,278,760$2,245,125$2,582,606
65$2,602,115$2,354,600$2,284,518$2,782,535
66$2,830,584$2,433,028$2,324,101$2,997,200
67$3,081,192$2,514,135$2,363,847$3,231,737
68$3,356,161$2,598,016$2,403,724$3,488,114
69$3,657,939$2,684,768$2,443,699$3,768,499
70$3,989,222$2,774,494$2,483,735$4,075,278
71$4,352,977$2,867,299$2,523,795$4,411,078
72$4,752,476$2,963,292$2,563,838$4,778,793
73$5,191,323$3,062,588$2,603,820$5,181,612
74$5,673,486$3,165,302$2,643,696$5,623,043
75$6,203,337$3,271,558$2,683,416$6,106,955
76$6,785,695$3,381,482$2,722,928$6,637,604
77$7,425,867$3,495,205$2,762,177$7,219,683
78$8,129,699$3,612,864$2,801,103$7,858,358
79$8,903,633$3,734,599$2,839,645$8,559,322
80$9,754,767$3,860,558$2,877,736$9,328,843
81$10,690,920$3,990,892$2,915,307$10,173,830
82$11,720,707$4,125,758$2,952,283$11,101,892
83$12,853,620$4,265,322$2,988,586$12,121,411
84$14,100,119$4,409,753$3,024,133$13,241,622
85$15,471,727$4,559,226$3,058,838$14,472,700
86$16,981,141$4,713,926$3,092,606$15,825,854
87$18,642,351$4,874,042$3,125,342$17,313,434
88$20,470,772$5,039,772$3,156,943$18,949,046
89$22,483,390$5,211,319$3,187,299$20,747,681
90$24,698,919$5,388,897$3,216,297$22,725,857
91$27,137,983$5,572,727$3,243,817$24,901,772
92$29,823,303$5,763,037$3,269,731$27,295,478
93$32,779,920$5,960,066$3,293,907$29,929,067
94$36,035,423$6,164,060$3,316,204$32,826,883
95$39,620,213$6,375,276$3,336,474$36,015,748
96$43,567,791$6,593,981$3,354,562$39,525,217
97$47,915,072$6,820,452$3,370,305$43,387,855
98$52,702,730$7,054,975$3,383,532$47,639,545
99$57,975,590$7,297,851$3,394,062$52,319,825
100$63,783,043$7,549,388$3,401,706$57,472,263