Can I retire at age 64 with 2,210,000?

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 $2,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$182,500$180,874$179,288$177,740$176,229$169,773
2 years$90,346$88,664$87,033$85,452$83,918$77,487
3 years$59,633$57,943$56,316$54,750$53,241$47,035
4 years$44,279$42,594$40,984$39,444$37,972$32,039
5 years$35,069$33,394$31,805$30,297$28,866$23,222
6 years$28,931$27,269$25,703$24,229$22,841$17,489
7 years$24,548$22,900$21,359$19,920$18,575$13,515
8 years$21,263$19,630$18,115$16,710$15,410$10,637
9 years$18,709$17,091$15,602$14,233$12,978$8,485
10 years$16,667$15,065$13,602$12,269$11,058$6,837
11 years$14,997$13,412$11,975$10,678$9,510$5,553
12 years$13,607$12,038$10,628$9,366$8,241$4,538
13 years$12,432$10,878$9,495$8,269$7,186$3,726
14 years$11,425$9,888$8,531$7,340$6,300$3,072
15 years$10,553$9,033$7,703$6,546$5,547$2,541
16 years$9,791$8,288$6,984$5,861$4,902$2,107
17 years$9,119$7,633$6,355$5,266$4,347$1,751
18 years$8,523$7,053$5,801$4,746$3,865$1,457
19 years$7,990$6,537$5,311$4,288$3,445$1,215
20 years$7,511$6,074$4,874$3,884$3,077$1,014
21 years$7,078$5,658$4,483$3,525$2,753$847
22 years$6,685$5,281$4,132$3,205$2,468$708
23 years$6,327$4,940$3,815$2,919$2,216$593
24 years$5,999$4,628$3,528$2,662$1,991$496
25 years$5,698$4,343$3,268$2,431$1,792$416
26 years$5,420$4,082$3,031$2,223$1,614$348
27 years$5,163$3,842$2,814$2,035$1,455$292
28 years$4,926$3,620$2,616$1,864$1,313$245
29 years$4,705$3,415$2,435$1,710$1,186$205
30 years$4,499$3,225$2,268$1,569$1,071$172
31 years$4,306$3,049$2,114$1,441$969$144
32 years$4,126$2,885$1,973$1,324$876$121
33 years$3,958$2,732$1,842$1,218$793$102
34 years$3,799$2,589$1,721$1,120$718$85
35 years$3,650$2,456$1,609$1,031$650$72
36 years$3,510$2,331$1,505$950$589$60
37 years$3,377$2,214$1,409$875$534$50
38 years$3,252$2,104$1,319$807$484$42
39 years$3,134$2,001$1,236$744$439$36
40 years$3,021$1,903$1,158$686$398$30
41 years$2,915$1,812$1,086$633$361$25
42 years$2,814$1,726$1,019$584$328$21
43 years$2,717$1,644$956$539$297$18
44 years$2,626$1,567$898$498$270$15
45 years$2,539$1,494$843$460$245$12
46 years$2,455$1,426$792$425$223$10
47 years$2,376$1,361$744$392$202$9
48 years$2,300$1,299$699$363$184$7
49 years$2,227$1,240$657$335$167$6
50 years$2,158$1,185$618$310$151$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,210,000, adding $3,268 every year, while hoping to spend $44,335 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: 56/29/15 Blend
63$2,210,000$2,210,000$2,210,000$2,210,000
64$2,438,791$2,321,661$2,287,406$2,565,647
65$2,640,376$2,388,250$2,316,862$2,718,731
66$2,861,036$2,456,616$2,345,819$2,880,306
67$3,102,671$2,526,800$2,374,213$3,055,293
68$3,367,371$2,598,841$2,401,977$3,244,985
69$3,657,441$2,672,782$2,429,041$3,450,806
70$3,975,415$2,748,664$2,455,329$3,674,322
71$4,324,087$2,826,528$2,480,763$3,917,258
72$4,706,534$2,906,418$2,505,259$4,181,511
73$5,126,145$2,988,377$2,528,729$4,469,173
74$5,586,652$3,072,447$2,551,081$4,782,546
75$6,092,165$3,158,672$2,572,217$5,124,166
76$6,647,215$3,247,096$2,592,036$5,496,825
77$7,256,790$3,337,763$2,610,428$5,903,599
78$7,926,386$3,430,717$2,627,281$6,347,874
79$8,662,057$3,526,001$2,642,474$6,833,383
80$9,470,472$3,623,661$2,655,882$7,364,235
81$10,358,980$3,723,740$2,667,374$7,944,958
82$11,335,674$3,826,282$2,676,810$8,580,539
83$12,409,474$3,931,331$2,684,044$9,276,474
84$13,590,205$4,038,930$2,688,924$10,038,814
85$14,888,692$4,149,124$2,691,289$10,874,229
86$16,316,861$4,261,954$2,690,970$11,790,066
87$17,887,854$4,377,462$2,687,790$12,794,421
88$19,616,148$4,495,691$2,681,564$13,896,211
89$21,517,696$4,616,680$2,672,097$15,105,265
90$23,610,074$4,740,470$2,659,185$16,432,408
91$25,912,647$4,867,099$2,642,614$17,889,572
92$28,446,755$4,996,605$2,622,159$19,489,901
93$31,235,910$5,129,024$2,597,587$21,247,879
94$34,306,016$5,264,390$2,568,650$23,179,468
95$37,685,622$5,402,737$2,535,091$25,302,253
96$41,406,179$5,544,095$2,496,641$27,635,612
97$45,502,346$5,688,493$2,453,015$30,200,900
98$50,012,314$5,835,958$2,403,920$33,021,647
99$54,978,164$5,986,513$2,349,045$36,123,782
100$60,446,265$6,140,181$2,288,066$39,535,876