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%17%
1 years$182,500$180,874$179,288$177,740$176,229$171,205
2 years$90,346$88,664$87,033$85,452$83,918$78,896
3 years$59,633$57,943$56,316$54,750$53,241$48,378
4 years$44,279$42,594$40,984$39,444$37,972$33,305
5 years$35,069$33,394$31,805$30,297$28,866$24,408
6 years$28,931$27,269$25,703$24,229$22,841$18,595
7 years$24,548$22,900$21,359$19,920$18,575$14,543
8 years$21,263$19,630$18,115$16,710$15,410$11,589
9 years$18,709$17,091$15,602$14,233$12,978$9,363
10 years$16,667$15,065$13,602$12,269$11,058$7,645
11 years$14,997$13,412$11,975$10,678$9,510$6,294
12 years$13,607$12,038$10,628$9,366$8,241$5,216
13 years$12,432$10,878$9,495$8,269$7,186$4,345
14 years$11,425$9,888$8,531$7,340$6,300$3,635
15 years$10,553$9,033$7,703$6,546$5,547$3,051
16 years$9,791$8,288$6,984$5,861$4,902$2,569
17 years$9,119$7,633$6,355$5,266$4,347$2,168
18 years$8,523$7,053$5,801$4,746$3,865$1,833
19 years$7,990$6,537$5,311$4,288$3,445$1,552
20 years$7,511$6,074$4,874$3,884$3,077$1,317
21 years$7,078$5,658$4,483$3,525$2,753$1,118
22 years$6,685$5,281$4,132$3,205$2,468$950
23 years$6,327$4,940$3,815$2,919$2,216$808
24 years$5,999$4,628$3,528$2,662$1,991$688
25 years$5,698$4,343$3,268$2,431$1,792$586
26 years$5,420$4,082$3,031$2,223$1,614$499
27 years$5,163$3,842$2,814$2,035$1,455$426
28 years$4,926$3,620$2,616$1,864$1,313$363
29 years$4,705$3,415$2,435$1,710$1,186$310
30 years$4,499$3,225$2,268$1,569$1,071$264
31 years$4,306$3,049$2,114$1,441$969$226
32 years$4,126$2,885$1,973$1,324$876$193
33 years$3,958$2,732$1,842$1,218$793$165
34 years$3,799$2,589$1,721$1,120$718$141
35 years$3,650$2,456$1,609$1,031$650$120
36 years$3,510$2,331$1,505$950$589$103
37 years$3,377$2,214$1,409$875$534$88
38 years$3,252$2,104$1,319$807$484$75
39 years$3,134$2,001$1,236$744$439$64
40 years$3,021$1,903$1,158$686$398$55
41 years$2,915$1,812$1,086$633$361$47
42 years$2,814$1,726$1,019$584$328$40
43 years$2,717$1,644$956$539$297$34
44 years$2,626$1,567$898$498$270$29
45 years$2,539$1,494$843$460$245$25
46 years$2,455$1,426$792$425$223$21
47 years$2,376$1,361$744$392$202$18
48 years$2,300$1,299$699$363$184$16
49 years$2,227$1,240$657$335$167$13
50 years$2,158$1,185$618$310$151$11

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 $2,847 every year, while hoping to spend $43,086 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: 68/12/20 Blend
63$2,210,000$2,210,000$2,210,000$2,210,000
64$2,438,357$2,321,227$2,286,972$2,591,879
65$2,641,226$2,389,124$2,317,742$2,762,806
66$2,863,344$2,458,903$2,348,099$2,944,429
67$3,106,628$2,530,613$2,377,984$3,142,062
68$3,373,191$2,604,300$2,407,333$3,357,282
69$3,665,358$2,680,012$2,436,080$3,591,823
70$3,985,692$2,757,800$2,464,156$3,847,597
71$4,337,013$2,837,713$2,491,486$4,126,710
72$4,722,430$2,919,802$2,517,993$4,431,481
73$5,145,365$3,004,120$2,543,592$4,764,464
74$5,609,589$3,090,718$2,568,199$5,128,474
75$6,119,254$3,179,651$2,591,721$5,526,610
76$6,678,936$3,270,972$2,614,062$5,962,288
77$7,293,675$3,364,737$2,635,121$6,439,271
78$7,969,022$3,461,001$2,654,789$6,961,704
79$8,711,093$3,559,821$2,672,956$7,534,154
80$9,526,626$3,661,254$2,689,501$8,161,653
81$10,423,044$3,765,358$2,704,302$8,849,745
82$11,408,525$3,872,190$2,717,226$9,604,539
83$12,492,078$3,981,811$2,728,137$10,432,765
84$13,683,630$4,094,280$2,736,890$11,341,840
85$14,994,118$4,209,657$2,743,332$12,339,935
86$16,435,589$4,328,002$2,747,306$13,436,055
87$18,021,322$4,449,376$2,748,642$14,640,121
88$19,765,941$4,573,840$2,747,167$15,963,066
89$21,685,565$4,701,456$2,742,695$17,416,937
90$23,797,951$4,832,286$2,735,034$19,015,009
91$26,122,665$4,966,391$2,723,980$20,771,909
92$28,681,265$5,103,832$2,709,321$22,703,758
93$31,497,506$5,244,672$2,690,836$24,828,318
94$34,597,563$5,388,972$2,668,290$27,165,162
95$38,010,275$5,536,792$2,641,438$29,735,861
96$41,767,423$5,688,195$2,610,026$32,564,183
97$45,904,022$5,843,239$2,573,785$35,676,321
98$50,458,660$6,001,984$2,532,433$39,101,138
99$55,473,851$6,164,490$2,485,678$42,870,443
100$60,996,447$6,330,813$2,433,211$47,019,287