Can I retire at age 64 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$180,022$178,419$176,854$175,327$173,836$172,668
2 years$89,120$87,460$85,852$84,292$82,779$81,601
3 years$58,823$57,156$55,552$54,007$52,519$51,367
4 years$43,678$42,016$40,427$38,909$37,457$36,341
5 years$34,593$32,941$31,373$29,886$28,474$27,397
6 years$28,538$26,899$25,354$23,900$22,530$21,493
7 years$24,215$22,590$21,070$19,649$18,323$17,327
8 years$20,974$19,363$17,869$16,483$15,201$14,245
9 years$18,455$16,859$15,390$14,040$12,801$11,886
10 years$16,441$14,861$13,418$12,103$10,907$10,031
11 years$14,794$13,230$11,813$10,533$9,381$8,544
12 years$13,422$11,874$10,483$9,239$8,129$7,331
13 years$12,263$10,731$9,366$8,157$7,089$6,328
14 years$11,270$9,754$8,416$7,240$6,214$5,490
15 years$10,410$8,910$7,598$6,457$5,471$4,783
16 years$9,658$8,175$6,889$5,782$4,836$4,182
17 years$8,996$7,529$6,269$5,195$4,288$3,668
18 years$8,407$6,957$5,722$4,682$3,812$3,225
19 years$7,882$6,448$5,239$4,230$3,398$2,842
20 years$7,409$5,992$4,808$3,831$3,035$2,510
21 years$6,982$5,581$4,422$3,477$2,716$2,220
22 years$6,594$5,210$4,076$3,162$2,435$1,967
23 years$6,241$4,872$3,763$2,879$2,185$1,744
24 years$5,918$4,565$3,480$2,626$1,964$1,549
25 years$5,620$4,284$3,223$2,398$1,768$1,377
26 years$5,347$4,026$2,990$2,193$1,592$1,225
27 years$5,093$3,789$2,776$2,007$1,435$1,091
28 years$4,859$3,571$2,581$1,839$1,295$972
29 years$4,641$3,369$2,402$1,686$1,170$867
30 years$4,438$3,181$2,237$1,548$1,057$773
31 years$4,248$3,007$2,086$1,421$955$690
32 years$4,070$2,846$1,946$1,306$864$616
33 years$3,904$2,695$1,817$1,201$782$550
34 years$3,748$2,554$1,698$1,105$708$492
35 years$3,601$2,422$1,587$1,017$641$439
36 years$3,462$2,299$1,485$937$581$393
37 years$3,332$2,184$1,390$863$527$351
38 years$3,208$2,075$1,301$796$478$314
39 years$3,091$1,973$1,219$734$433$281
40 years$2,980$1,878$1,143$677$393$251
41 years$2,875$1,787$1,072$624$356$225
42 years$2,775$1,702$1,005$576$323$201
43 years$2,681$1,622$943$532$293$180
44 years$2,590$1,546$885$491$266$161
45 years$2,504$1,474$831$454$242$145
46 years$2,422$1,406$781$419$220$129
47 years$2,344$1,342$734$387$199$116
48 years$2,269$1,281$689$358$181$104
49 years$2,197$1,223$648$331$164$93
50 years$2,128$1,169$609$306$149$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,180,000, adding $3,141 every year, while hoping to spend $26,029 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: 48/34/18 Blend
63$2,180,000$2,180,000$2,180,000$2,180,000
64$2,405,600$2,290,060$2,256,270$2,508,741
65$2,623,276$2,374,578$2,304,160$2,665,153
66$2,862,284$2,462,366$2,352,783$2,831,996
67$3,124,770$2,553,555$2,402,134$3,012,609
68$3,413,101$2,648,284$2,452,210$3,208,293
69$3,729,885$2,746,697$2,503,007$3,420,478
70$4,077,993$2,848,945$2,554,517$3,650,734
71$4,460,589$2,955,184$2,606,735$3,900,790
72$4,881,160$3,065,579$2,659,651$4,172,548
73$5,343,545$3,180,299$2,713,256$4,468,097
74$5,851,974$3,299,522$2,767,538$4,789,736
75$6,411,111$3,423,433$2,822,486$5,139,996
76$7,026,090$3,552,227$2,878,084$5,521,659
77$7,702,569$3,686,104$2,934,319$5,937,787
78$8,446,784$3,825,276$2,991,171$6,391,751
79$9,265,603$3,969,962$3,048,622$6,887,259
80$10,166,595$4,120,391$3,106,652$7,428,391
81$11,158,099$4,276,801$3,165,236$8,019,640
82$12,249,304$4,439,443$3,224,350$8,665,951
83$13,450,333$4,608,576$3,283,966$9,372,767
84$14,772,343$4,784,472$3,344,054$10,146,080
85$16,227,625$4,967,414$3,404,583$10,992,487
86$17,829,724$5,157,698$3,465,518$11,919,252
87$19,593,563$5,355,633$3,526,820$12,934,372
88$21,535,589$5,561,541$3,588,451$14,046,653
89$23,673,920$5,775,758$3,650,365$15,265,793
90$26,028,525$5,998,635$3,712,518$16,602,470
91$28,621,405$6,230,539$3,774,858$18,068,444
92$31,476,806$6,471,852$3,837,332$19,676,665
93$34,621,441$6,722,975$3,899,885$21,441,398
94$38,084,751$6,984,323$3,962,453$23,378,351
95$41,899,173$7,256,333$4,024,973$25,504,828
96$46,100,455$7,539,459$4,087,376$27,839,885
97$50,727,986$7,834,177$4,149,588$30,404,514
98$55,825,171$8,140,983$4,211,530$33,221,838
99$61,439,842$8,460,394$4,273,119$36,317,327
100$67,624,705$8,792,952$4,334,267$39,719,037