Can I retire at age 64 with 2,080,000?

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 $2,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$171,764$170,234$168,742$167,285$165,862$161,787
2 years$85,032$83,448$81,913$80,425$78,982$74,901
3 years$56,125$54,534$53,003$51,529$50,109$46,151
4 years$41,674$40,089$38,573$37,124$35,738$31,933
5 years$33,006$31,430$29,934$28,515$27,168$23,525
6 years$27,229$25,665$24,191$22,803$21,497$18,021
7 years$23,104$21,553$20,103$18,748$17,483$14,175
8 years$20,012$18,475$17,049$15,727$14,504$11,361
9 years$17,609$16,086$14,684$13,396$12,214$9,235
10 years$15,687$14,179$12,802$11,548$10,407$7,588
11 years$14,115$12,623$11,271$10,050$8,950$6,287
12 years$12,807$11,329$10,003$8,815$7,756$5,244
13 years$11,700$10,239$8,937$7,782$6,764$4,398
14 years$10,753$9,307$8,030$6,908$5,929$3,705
15 years$9,932$8,502$7,250$6,161$5,220$3,132
16 years$9,215$7,800$6,573$5,517$4,614$2,656
17 years$8,583$7,184$5,981$4,957$4,091$2,257
18 years$8,022$6,638$5,460$4,467$3,637$1,923
19 years$7,520$6,152$4,998$4,036$3,242$1,641
20 years$7,069$5,717$4,587$3,656$2,896$1,402
21 years$6,662$5,325$4,219$3,318$2,591$1,200
22 years$6,292$4,971$3,889$3,016$2,323$1,028
23 years$5,955$4,649$3,591$2,747$2,085$881
24 years$5,646$4,356$3,321$2,506$1,874$756
25 years$5,363$4,088$3,076$2,288$1,686$649
26 years$5,101$3,842$2,852$2,092$1,519$558
27 years$4,860$3,616$2,649$1,915$1,370$479
28 years$4,636$3,407$2,462$1,755$1,236$412
29 years$4,428$3,214$2,291$1,609$1,116$355
30 years$4,234$3,035$2,134$1,477$1,008$305
31 years$4,053$2,869$1,990$1,356$912$263
32 years$3,884$2,715$1,857$1,246$825$226
33 years$3,725$2,571$1,733$1,146$746$195
34 years$3,576$2,437$1,620$1,055$676$168
35 years$3,436$2,311$1,514$971$612$144
36 years$3,304$2,194$1,417$894$554$124
37 years$3,179$2,084$1,326$824$503$107
38 years$3,061$1,980$1,242$759$456$92
39 years$2,949$1,883$1,163$700$413$80
40 years$2,844$1,791$1,090$646$375$69
41 years$2,743$1,705$1,022$596$340$59
42 years$2,648$1,624$959$550$309$51
43 years$2,558$1,547$900$508$280$44
44 years$2,471$1,475$845$469$254$38
45 years$2,389$1,407$793$433$231$33
46 years$2,311$1,342$745$400$209$28
47 years$2,236$1,280$700$369$190$24
48 years$2,165$1,222$658$341$173$21
49 years$2,096$1,167$618$315$157$18
50 years$2,031$1,115$581$292$143$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,080,000, adding $5,889 every year, while hoping to spend $38,799 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: 25/50/25 Blend
63$2,080,000$2,080,000$2,080,000$2,080,000
64$2,298,235$2,187,995$2,155,755$2,337,405
65$2,491,373$2,253,924$2,186,690$2,435,952
66$2,702,910$2,321,784$2,217,362$2,537,825
67$2,934,684$2,391,628$2,247,720$2,646,233
68$3,188,714$2,463,511$2,277,712$2,761,751
69$3,467,229$2,537,489$2,307,281$2,885,006
70$3,772,680$2,613,619$2,336,368$3,016,690
71$4,107,768$2,691,962$2,364,912$3,157,561
72$4,475,469$2,772,576$2,392,845$3,308,454
73$4,879,060$2,855,526$2,420,098$3,470,286
74$5,322,151$2,940,873$2,446,598$3,644,066
75$5,808,717$3,028,683$2,472,267$3,830,904
76$6,343,141$3,119,023$2,497,022$4,032,020
77$6,930,246$3,211,960$2,520,777$4,248,758
78$7,575,350$3,307,564$2,543,442$4,482,595
79$8,284,308$3,405,907$2,564,919$4,735,156
80$9,063,572$3,507,062$2,585,109$5,008,233
81$9,920,250$3,611,102$2,603,904$5,303,794
82$10,862,174$3,718,104$2,621,193$5,624,008
83$11,897,971$3,828,147$2,636,858$5,971,264
84$13,037,147$3,941,308$2,650,776$6,348,189
85$14,290,174$4,057,671$2,662,815$6,757,677
86$15,668,593$4,177,317$2,672,840$7,202,917
87$17,185,116$4,300,332$2,680,706$7,687,419
88$18,853,751$4,426,802$2,686,264$8,215,047
89$20,689,933$4,556,815$2,689,353$8,790,061
90$22,710,669$4,690,462$2,689,809$9,417,149
91$24,934,696$4,827,833$2,687,457$10,101,476
92$27,382,662$4,969,023$2,682,113$10,848,734
93$30,077,315$5,114,128$2,673,586$11,665,191
94$33,043,725$5,263,243$2,661,674$12,557,751
95$36,309,511$5,416,469$2,646,167$13,534,022
96$39,905,111$5,573,905$2,626,843$14,602,385
97$43,864,060$5,735,655$2,603,471$15,772,073
98$48,223,315$5,901,822$2,575,807$17,053,259
99$53,023,594$6,072,513$2,543,598$18,457,153
100$58,309,770$6,247,835$2,506,578$19,996,103