Can I retire at age 64 with 2,190,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$180,848$179,237$177,666$176,132$174,634$170,136
2 years$89,529$87,861$86,245$84,679$83,159$78,657
3 years$59,093$57,418$55,807$54,254$52,759$48,395
4 years$43,878$42,209$40,613$39,087$37,628$33,435
5 years$34,751$33,092$31,517$30,023$28,605$24,593
6 years$28,669$27,022$25,471$24,009$22,634$18,808
7 years$24,326$22,693$21,166$19,739$18,407$14,769
8 years$21,071$19,452$17,951$16,559$15,271$11,817
9 years$18,540$16,937$15,461$14,105$12,860$9,588
10 years$16,516$14,929$13,479$12,158$10,957$7,863
11 years$14,862$13,290$11,867$10,581$9,424$6,503
12 years$13,484$11,929$10,531$9,281$8,166$5,413
13 years$12,319$10,780$9,409$8,194$7,121$4,531
14 years$11,321$9,799$8,454$7,274$6,242$3,809
15 years$10,458$8,951$7,633$6,487$5,496$3,213
16 years$9,703$8,213$6,920$5,808$4,858$2,718
17 years$9,037$7,564$6,297$5,219$4,307$2,306
18 years$8,446$6,989$5,749$4,703$3,830$1,960
19 years$7,918$6,477$5,263$4,250$3,414$1,669
20 years$7,443$6,019$4,830$3,849$3,049$1,423
21 years$7,014$5,607$4,442$3,493$2,729$1,215
22 years$6,625$5,234$4,094$3,176$2,446$1,038
23 years$6,270$4,895$3,780$2,892$2,195$888
24 years$5,945$4,586$3,496$2,638$1,973$760
25 years$5,646$4,304$3,238$2,409$1,776$651
26 years$5,371$4,045$3,003$2,203$1,599$558
27 years$5,117$3,807$2,789$2,016$1,442$478
28 years$4,881$3,587$2,593$1,847$1,301$410
29 years$4,662$3,384$2,413$1,694$1,175$352
30 years$4,458$3,196$2,247$1,555$1,062$302
31 years$4,267$3,021$2,095$1,428$960$259
32 years$4,089$2,859$1,955$1,312$868$223
33 years$3,922$2,707$1,825$1,207$786$191
34 years$3,765$2,566$1,705$1,110$711$164
35 years$3,617$2,434$1,594$1,022$644$141
36 years$3,478$2,310$1,491$941$584$121
37 years$3,347$2,194$1,396$867$529$104
38 years$3,223$2,085$1,307$799$480$90
39 years$3,105$1,983$1,225$737$435$77
40 years$2,994$1,886$1,148$680$395$66
41 years$2,888$1,795$1,076$627$358$57
42 years$2,788$1,710$1,010$579$325$49
43 years$2,693$1,629$948$534$295$42
44 years$2,602$1,553$889$493$268$36
45 years$2,516$1,481$835$456$243$31
46 years$2,433$1,413$784$421$221$27
47 years$2,354$1,348$737$389$200$23
48 years$2,279$1,287$692$359$182$20
49 years$2,207$1,229$651$332$165$17
50 years$2,138$1,174$612$307$150$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,190,000, adding $2,206 every year, while hoping to spend $25,309 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: 46/33/21 Blend
63$2,190,000$2,190,000$2,190,000$2,190,000
64$2,415,655$2,299,585$2,265,640$2,512,155
65$2,635,124$2,385,337$2,314,611$2,665,769
66$2,876,130$2,474,441$2,364,373$2,829,645
67$3,140,843$2,567,037$2,414,928$3,006,921
68$3,431,655$2,663,268$2,466,274$3,198,858
69$3,751,198$2,763,282$2,518,409$3,406,843
70$4,102,375$2,867,238$2,571,330$3,632,401
71$4,488,381$2,975,296$2,625,033$3,877,207
72$4,912,738$3,087,628$2,679,514$4,143,104
73$5,379,325$3,204,410$2,734,766$4,432,118
74$5,892,418$3,325,827$2,790,782$4,746,480
75$6,456,724$3,452,072$2,847,553$5,088,640
76$7,077,433$3,583,347$2,905,069$5,461,297
77$7,760,261$3,719,861$2,963,319$5,867,419
78$8,511,507$3,861,833$3,022,289$6,310,272
79$9,338,110$4,009,493$3,081,965$6,793,450
80$10,247,718$4,163,078$3,142,332$7,320,909
81$11,248,754$4,322,839$3,203,369$7,897,001
82$12,350,504$4,489,034$3,265,058$8,526,518
83$13,563,194$4,661,936$3,327,377$9,214,734
84$14,898,097$4,841,827$3,390,301$9,967,457
85$16,367,630$5,029,005$3,453,804$10,791,077
86$17,985,479$5,223,776$3,517,856$11,692,634
87$19,766,721$5,426,465$3,582,428$12,679,874
88$21,727,972$5,637,407$3,647,485$13,761,330
89$23,887,539$5,856,954$3,712,989$14,946,397
90$26,265,597$6,085,473$3,778,903$16,245,419
91$28,884,374$6,323,348$3,845,183$17,669,789
92$31,768,367$6,570,978$3,911,783$19,232,053
93$34,944,568$6,828,783$3,978,655$20,946,028
94$38,442,719$7,097,199$4,045,746$22,826,931
95$42,295,597$7,376,683$4,112,999$24,891,523
96$46,539,318$7,667,710$4,180,354$27,158,264
97$51,213,679$7,970,779$4,247,747$29,647,487
98$56,362,537$8,286,410$4,315,109$32,381,588
99$62,034,218$8,615,146$4,382,367$35,385,238
100$68,281,976$8,957,555$4,449,444$38,685,612