Can I retire at age 64 with 2,110,000?

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$174,242$172,690$171,176$169,698$168,254$166,775
2 years$86,258$84,652$83,095$81,585$80,121$78,630
3 years$56,934$55,321$53,768$52,273$50,832$49,376
4 years$42,275$40,667$39,129$37,659$36,254$34,844
5 years$33,482$31,883$30,366$28,926$27,560$26,200
6 years$27,622$26,035$24,540$23,132$21,807$20,499
7 years$23,438$21,864$20,393$19,018$17,735$16,480
8 years$20,301$18,742$17,295$15,954$14,713$13,510
9 years$17,862$16,318$14,896$13,589$12,390$11,239
10 years$15,913$14,383$12,987$11,714$10,557$9,458
11 years$14,319$12,805$11,433$10,195$9,080$8,031
12 years$12,991$11,493$10,147$8,942$7,868$6,869
13 years$11,869$10,386$9,065$7,895$6,861$5,910
14 years$10,908$9,441$8,145$7,008$6,014$5,111
15 years$10,076$8,624$7,354$6,250$5,296$4,438
16 years$9,348$7,913$6,668$5,596$4,680$3,867
17 years$8,707$7,287$6,067$5,028$4,150$3,380
18 years$8,137$6,734$5,539$4,531$3,690$2,961
19 years$7,629$6,241$5,070$4,094$3,289$2,600
20 years$7,171$5,799$4,653$3,708$2,938$2,288
21 years$6,758$5,402$4,280$3,365$2,629$2,016
22 years$6,383$5,042$3,945$3,060$2,356$1,779
23 years$6,041$4,716$3,642$2,787$2,115$1,572
24 years$5,728$4,419$3,369$2,542$1,901$1,391
25 years$5,440$4,147$3,120$2,321$1,711$1,232
26 years$5,175$3,897$2,894$2,122$1,541$1,092
27 years$4,930$3,668$2,687$1,943$1,389$968
28 years$4,703$3,456$2,498$1,780$1,254$859
29 years$4,492$3,260$2,324$1,632$1,132$763
30 years$4,295$3,079$2,165$1,498$1,023$678
31 years$4,111$2,911$2,019$1,376$925$602
32 years$3,940$2,754$1,883$1,264$837$536
33 years$3,779$2,608$1,758$1,163$757$477
34 years$3,627$2,472$1,643$1,070$685$424
35 years$3,485$2,345$1,536$985$621$377
36 years$3,351$2,225$1,437$907$562$336
37 years$3,225$2,114$1,345$836$510$299
38 years$3,105$2,009$1,260$770$462$266
39 years$2,992$1,910$1,180$710$419$237
40 years$2,885$1,817$1,106$655$380$211
41 years$2,783$1,730$1,037$604$345$188
42 years$2,686$1,647$973$558$313$168
43 years$2,594$1,570$913$515$284$150
44 years$2,507$1,496$857$475$258$133
45 years$2,424$1,427$805$439$234$119
46 years$2,344$1,361$756$406$212$106
47 years$2,268$1,299$710$375$193$95
48 years$2,196$1,240$667$346$175$84
49 years$2,126$1,184$627$320$159$75
50 years$2,060$1,131$590$296$145$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,110,000, adding $5,750 every year, while hoping to spend $53,918 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: 46/27/27 Blend
63$2,110,000$2,110,000$2,110,000$2,110,000
64$2,331,151$2,219,321$2,186,616$2,420,039
65$2,511,560$2,270,700$2,202,499$2,534,856
66$2,708,564$2,322,788$2,217,108$2,653,676
67$2,923,798$2,375,566$2,230,341$2,781,552
68$3,159,063$2,429,006$2,242,096$2,919,362
69$3,416,342$2,483,082$2,252,260$3,068,071
70$3,697,818$2,537,762$2,260,720$3,228,746
71$4,005,894$2,593,010$2,267,352$3,402,561
72$4,343,216$2,648,790$2,272,030$3,590,811
73$4,712,701$2,705,057$2,274,620$3,794,924
74$5,117,557$2,761,765$2,274,980$4,016,476
75$5,561,319$2,818,863$2,272,964$4,257,203
76$6,047,881$2,876,295$2,268,415$4,519,019
77$6,581,531$2,933,999$2,261,173$4,804,035
78$7,166,991$2,991,909$2,251,066$5,114,579
79$7,809,463$3,049,951$2,237,916$5,453,218
80$8,514,678$3,108,048$2,221,535$5,822,782
81$9,288,947$3,166,115$2,201,729$6,226,393
82$10,139,223$3,224,058$2,178,291$6,667,492
83$11,073,166$3,281,779$2,151,005$7,149,872
84$12,099,213$3,339,170$2,119,648$7,677,720
85$13,226,659$3,396,116$2,083,983$8,255,646
86$14,465,745$3,452,492$2,043,762$8,888,740
87$15,827,751$3,508,164$1,998,729$9,582,610
88$17,325,107$3,562,989$1,948,611$10,343,440
89$18,971,504$3,616,813$1,893,126$11,178,049
90$20,782,031$3,669,470$1,831,979$12,093,955
91$22,773,307$3,720,783$1,764,859$13,099,448
92$24,963,646$3,770,563$1,691,444$14,203,668
93$27,373,225$3,818,607$1,611,394$15,416,690
94$30,024,274$3,864,699$1,524,356$16,749,625
95$32,941,288$3,908,607$1,429,960$18,214,721
96$36,151,255$3,950,085$1,327,820$19,825,481
97$39,683,913$3,988,869$1,217,531$21,596,792
98$43,572,027$4,024,678$1,098,673$23,545,067
99$47,851,699$4,057,213$970,804$25,688,400
100$52,562,711$4,086,155$833,464$28,046,738