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%16.5%
1 years$180,022$178,419$176,854$175,327$173,836$169,222
2 years$89,120$87,460$85,852$84,292$82,779$78,163
3 years$58,823$57,156$55,552$54,007$52,519$48,044
4 years$43,678$42,016$40,427$38,909$37,457$33,159
5 years$34,593$32,941$31,373$29,886$28,474$24,364
6 years$28,538$26,899$25,354$23,900$22,530$18,613
7 years$24,215$22,590$21,070$19,649$18,323$14,599
8 years$20,974$19,363$17,869$16,483$15,201$11,667
9 years$18,455$16,859$15,390$14,040$12,801$9,455
10 years$16,441$14,861$13,418$12,103$10,907$7,745
11 years$14,794$13,230$11,813$10,533$9,381$6,396
12 years$13,422$11,874$10,483$9,239$8,129$5,318
13 years$12,263$10,731$9,366$8,157$7,089$4,445
14 years$11,270$9,754$8,416$7,240$6,214$3,731
15 years$10,410$8,910$7,598$6,457$5,471$3,143
16 years$9,658$8,175$6,889$5,782$4,836$2,656
17 years$8,996$7,529$6,269$5,195$4,288$2,249
18 years$8,407$6,957$5,722$4,682$3,812$1,909
19 years$7,882$6,448$5,239$4,230$3,398$1,623
20 years$7,409$5,992$4,808$3,831$3,035$1,382
21 years$6,982$5,581$4,422$3,477$2,716$1,178
22 years$6,594$5,210$4,076$3,162$2,435$1,005
23 years$6,241$4,872$3,763$2,879$2,185$858
24 years$5,918$4,565$3,480$2,626$1,964$733
25 years$5,620$4,284$3,223$2,398$1,768$627
26 years$5,347$4,026$2,990$2,193$1,592$537
27 years$5,093$3,789$2,776$2,007$1,435$459
28 years$4,859$3,571$2,581$1,839$1,295$393
29 years$4,641$3,369$2,402$1,686$1,170$337
30 years$4,438$3,181$2,237$1,548$1,057$289
31 years$4,248$3,007$2,086$1,421$955$248
32 years$4,070$2,846$1,946$1,306$864$212
33 years$3,904$2,695$1,817$1,201$782$182
34 years$3,748$2,554$1,698$1,105$708$156
35 years$3,601$2,422$1,587$1,017$641$134
36 years$3,462$2,299$1,485$937$581$115
37 years$3,332$2,184$1,390$863$527$98
38 years$3,208$2,075$1,301$796$478$85
39 years$3,091$1,973$1,219$734$433$73
40 years$2,980$1,878$1,143$677$393$62
41 years$2,875$1,787$1,072$624$356$53
42 years$2,775$1,702$1,005$576$323$46
43 years$2,681$1,622$943$532$293$39
44 years$2,590$1,546$885$491$266$34
45 years$2,504$1,474$831$454$242$29
46 years$2,422$1,406$781$419$220$25
47 years$2,344$1,342$734$387$199$21
48 years$2,269$1,281$689$358$181$18
49 years$2,197$1,223$648$331$164$16
50 years$2,128$1,169$609$306$149$13

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 $5,014 every year, while hoping to spend $39,979 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: 79/11/10 Blend
63$2,180,000$2,180,000$2,180,000$2,180,000
64$2,407,532$2,291,992$2,258,202$2,593,345
65$2,610,563$2,361,762$2,291,314$2,785,834
66$2,832,963$2,433,611$2,324,196$2,991,260
67$3,076,666$2,507,599$2,356,797$3,215,453
68$3,343,801$2,583,786$2,389,065$3,460,269
69$3,636,713$2,662,236$2,420,943$3,727,750
70$3,957,985$2,743,013$2,452,372$4,020,148
71$4,310,462$2,826,183$2,483,289$4,339,940
72$4,697,278$2,911,815$2,513,628$4,689,855
73$5,121,884$2,999,978$2,543,319$5,072,899
74$5,588,083$3,090,744$2,572,287$5,492,383
75$6,100,063$3,184,185$2,600,453$5,951,954
76$6,662,438$3,280,379$2,627,737$6,455,629
77$7,280,290$3,379,401$2,654,050$7,007,832
78$7,959,219$3,481,331$2,679,300$7,613,439
79$8,705,393$3,586,250$2,703,390$8,277,819
80$9,525,609$3,694,242$2,726,220$9,006,888
81$10,427,353$3,805,392$2,747,680$9,807,163
82$11,418,874$3,919,787$2,767,658$10,685,823
83$12,509,260$4,037,518$2,786,036$11,650,778
84$13,708,524$4,158,676$2,802,688$12,710,744
85$15,027,698$4,283,355$2,817,482$13,875,321
86$16,478,935$4,411,652$2,830,280$15,155,089
87$18,075,629$4,543,665$2,840,936$16,561,702
88$19,832,535$4,679,496$2,849,299$18,108,004
89$21,765,910$4,819,248$2,855,208$19,808,143
90$23,893,669$4,963,028$2,858,493$21,677,710
91$26,235,550$5,110,943$2,858,980$23,733,883
92$28,813,302$5,263,105$2,856,481$25,995,590
93$31,650,889$5,419,627$2,850,804$28,483,687
94$34,774,717$5,580,626$2,841,742$31,221,155
95$38,213,881$5,746,220$2,829,084$34,233,317
96$42,000,443$5,916,530$2,812,604$37,548,074
97$46,169,730$6,091,681$2,792,068$41,196,173
98$50,760,668$6,271,800$2,767,228$45,211,492
99$55,816,154$6,457,016$2,737,828$49,631,363
100$61,383,453$6,647,461$2,703,597$54,496,924