Can I retire at age 64 with 2,010,000?

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 $2,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$165,984$164,505$163,063$161,655$160,280$157,108
2 years$82,170$80,640$79,157$77,719$76,324$73,142
3 years$54,236$52,699$51,220$49,795$48,423$45,330
4 years$40,272$38,739$37,275$35,875$34,536$31,555
5 years$31,895$30,372$28,927$27,555$26,253$23,394
6 years$26,313$24,801$23,377$22,036$20,773$18,038
7 years$22,327$20,828$19,427$18,117$16,894$14,284
8 years$19,339$17,853$16,475$15,198$14,016$11,530
9 years$17,016$15,545$14,190$12,945$11,803$9,440
10 years$15,159$13,702$12,371$11,159$10,057$7,814
11 years$13,640$12,198$10,891$9,712$8,649$6,524
12 years$12,376$10,948$9,666$8,518$7,495$5,484
13 years$11,307$9,894$8,636$7,520$6,536$4,636
14 years$10,391$8,993$7,759$6,676$5,729$3,937
15 years$9,598$8,216$7,006$5,954$5,045$3,357
16 years$8,905$7,538$6,352$5,331$4,458$2,870
17 years$8,294$6,942$5,780$4,790$3,953$2,461
18 years$7,752$6,415$5,276$4,317$3,515$2,115
19 years$7,267$5,945$4,830$3,900$3,133$1,821
20 years$6,831$5,524$4,433$3,533$2,798$1,570
21 years$6,438$5,146$4,077$3,206$2,504$1,356
22 years$6,080$4,803$3,758$2,915$2,245$1,172
23 years$5,754$4,492$3,470$2,655$2,015$1,015
24 years$5,456$4,209$3,209$2,421$1,811$879
25 years$5,182$3,950$2,972$2,211$1,630$762
26 years$4,930$3,712$2,756$2,022$1,468$661
27 years$4,696$3,494$2,560$1,851$1,324$574
28 years$4,480$3,292$2,380$1,696$1,194$498
29 years$4,279$3,106$2,214$1,555$1,078$433
30 years$4,091$2,933$2,063$1,427$974$376
31 years$3,917$2,773$1,923$1,311$881$327
32 years$3,753$2,624$1,794$1,204$797$284
33 years$3,600$2,485$1,675$1,108$721$247
34 years$3,456$2,355$1,565$1,019$653$215
35 years$3,320$2,234$1,463$938$591$187
36 years$3,192$2,120$1,369$864$536$163
37 years$3,072$2,013$1,281$796$486$142
38 years$2,958$1,914$1,200$734$440$123
39 years$2,850$1,820$1,124$677$399$107
40 years$2,748$1,731$1,054$624$362$93
41 years$2,651$1,648$988$576$329$81
42 years$2,559$1,569$927$531$298$71
43 years$2,471$1,495$870$490$271$62
44 years$2,388$1,425$816$453$246$54
45 years$2,309$1,359$766$418$223$47
46 years$2,233$1,297$720$386$202$41
47 years$2,161$1,237$676$357$184$35
48 years$2,092$1,181$636$330$167$31
49 years$2,026$1,128$597$305$152$27
50 years$1,962$1,078$562$282$138$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,010,000, adding $6,620 every year, while hoping to spend $46,604 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: 46/46/8 Blend
63$2,010,000$2,010,000$2,010,000$2,010,000
64$2,221,849$2,115,319$2,084,164$2,318,851
65$2,398,891$2,169,383$2,104,397$2,440,428
66$2,592,429$2,224,534$2,123,746$2,566,862
67$2,804,098$2,280,777$2,142,132$2,702,937
68$3,035,694$2,338,114$2,159,472$2,849,559
69$3,289,200$2,396,546$2,175,679$3,007,725
70$3,566,794$2,456,073$2,190,660$3,178,533
71$3,870,879$2,516,692$2,204,319$3,363,193
72$4,204,099$2,578,401$2,216,554$3,563,033
73$4,569,368$2,641,193$2,227,259$3,779,519
74$4,969,891$2,705,059$2,236,320$4,014,264
75$5,409,204$2,769,990$2,243,620$4,269,045
76$5,891,196$2,835,973$2,249,035$4,545,817
77$6,420,154$2,902,992$2,252,434$4,846,736
78$7,000,800$2,971,029$2,253,681$5,174,174
79$7,638,334$3,040,062$2,252,632$5,530,745
80$8,338,485$3,110,066$2,249,136$5,919,331
81$9,107,565$3,181,014$2,243,036$6,343,103
82$9,952,525$3,252,872$2,234,166$6,805,556
83$10,881,025$3,325,605$2,222,353$7,310,542
84$11,901,502$3,399,172$2,207,414$7,862,303
85$13,023,252$3,473,528$2,189,160$8,465,514
86$14,256,516$3,548,623$2,167,389$9,125,326
87$15,612,577$3,624,402$2,141,893$9,847,415
88$17,103,866$3,700,804$2,112,452$10,638,035
89$18,744,078$3,777,762$2,078,838$11,504,078
90$20,548,305$3,855,203$2,040,810$12,453,138
91$22,533,171$3,933,047$1,998,116$13,493,584
92$24,716,995$4,011,207$1,950,493$14,634,638
93$27,119,960$4,089,588$1,897,667$15,886,464
94$29,764,306$4,168,087$1,839,348$17,260,261
95$32,674,535$4,246,593$1,775,236$18,768,373
96$35,877,648$4,324,986$1,705,016$20,424,402
97$39,403,392$4,403,135$1,628,359$22,243,339
98$43,284,548$4,480,899$1,544,919$24,241,705
99$47,557,236$4,558,127$1,454,338$26,437,705
100$52,261,254$4,634,655$1,356,238$28,851,407