Can I retire at age 64 with 2,130,000?

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 $2,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$175,893$174,327$172,798$171,306$169,849$163,563
2 years$87,076$85,454$83,883$82,359$80,881$74,618
3 years$57,474$55,845$54,278$52,768$51,314$45,272
4 years$42,676$41,052$39,500$38,016$36,598$30,823
5 years$33,799$32,185$30,654$29,200$27,821$22,328
6 years$27,884$26,282$24,773$23,352$22,014$16,807
7 years$23,660$22,071$20,586$19,199$17,903$12,981
8 years$20,493$18,919$17,459$16,105$14,852$10,210
9 years$18,032$16,473$15,037$13,718$12,508$8,139
10 years$16,064$14,520$13,110$11,825$10,657$6,555
11 years$14,455$12,926$11,542$10,291$9,166$5,320
12 years$13,115$11,602$10,243$9,027$7,943$4,345
13 years$11,982$10,485$9,151$7,969$6,926$3,565
14 years$11,011$9,530$8,223$7,074$6,071$2,937
15 years$10,171$8,706$7,424$6,309$5,346$2,428
16 years$9,437$7,988$6,731$5,649$4,725$2,012
17 years$8,789$7,356$6,125$5,076$4,189$1,670
18 years$8,215$6,798$5,591$4,574$3,725$1,389
19 years$7,701$6,300$5,118$4,133$3,320$1,157
20 years$7,239$5,854$4,697$3,743$2,966$965
21 years$6,822$5,453$4,321$3,397$2,654$806
22 years$6,443$5,090$3,982$3,089$2,379$673
23 years$6,098$4,761$3,677$2,813$2,135$563
24 years$5,782$4,460$3,400$2,566$1,919$471
25 years$5,491$4,186$3,150$2,343$1,727$394
26 years$5,224$3,934$2,921$2,143$1,556$330
27 years$4,977$3,702$2,712$1,961$1,403$276
28 years$4,747$3,489$2,522$1,797$1,266$231
29 years$4,534$3,291$2,347$1,648$1,143$194
30 years$4,336$3,108$2,186$1,512$1,033$163
31 years$4,150$2,938$2,038$1,389$934$136
32 years$3,977$2,780$1,901$1,276$844$114
33 years$3,815$2,633$1,775$1,174$764$96
34 years$3,662$2,495$1,659$1,080$692$80
35 years$3,518$2,367$1,551$994$627$67
36 years$3,383$2,247$1,451$916$568$56
37 years$3,255$2,134$1,358$844$515$47
38 years$3,135$2,028$1,271$778$467$40
39 years$3,020$1,928$1,191$717$423$33
40 years$2,912$1,835$1,117$661$384$28
41 years$2,809$1,746$1,047$610$348$23
42 years$2,712$1,663$982$563$316$20
43 years$2,619$1,585$922$520$287$16
44 years$2,531$1,510$865$480$260$14
45 years$2,447$1,440$812$443$236$12
46 years$2,366$1,374$763$409$215$10
47 years$2,290$1,311$717$378$195$8
48 years$2,217$1,252$674$350$177$7
49 years$2,147$1,195$633$323$161$6
50 years$2,080$1,142$595$299$146$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,130,000, adding $3,534 every year, while hoping to spend $31,571 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: 33/49/18 Blend
63$2,130,000$2,130,000$2,130,000$2,130,000
64$2,350,905$2,238,015$2,205,000$2,415,256
65$2,557,106$2,314,087$2,245,277$2,539,210
66$2,783,282$2,392,828$2,285,844$2,669,548
67$3,031,436$2,474,335$2,326,679$2,809,354
68$3,303,775$2,558,711$2,367,756$2,959,476
69$3,602,732$2,646,060$2,409,048$3,120,848
70$3,930,985$2,736,491$2,450,525$3,294,496
71$4,291,484$2,830,117$2,492,156$3,481,543
72$4,687,480$2,927,057$2,533,907$3,683,227
73$5,122,552$3,027,432$2,575,742$3,900,905
74$5,600,645$3,131,369$2,617,623$4,136,071
75$6,126,105$3,239,001$2,659,507$4,390,364
76$6,703,719$3,350,463$2,701,352$4,665,589
77$7,338,762$3,465,899$2,743,111$4,963,726
78$8,037,044$3,585,456$2,784,733$5,286,958
79$8,804,966$3,709,288$2,826,166$5,637,680
80$9,649,584$3,837,554$2,867,353$6,018,530
81$10,578,668$3,970,420$2,908,236$6,432,407
82$11,600,780$4,108,059$2,948,749$6,882,504
83$12,725,354$4,250,649$2,988,828$7,372,330
84$13,962,787$4,398,377$3,028,400$7,905,747
85$15,324,530$4,551,436$3,067,390$8,487,007
86$16,823,203$4,710,027$3,105,718$9,120,788
87$18,472,711$4,874,360$3,143,302$9,812,238
88$20,288,376$5,044,652$3,180,050$10,567,024
89$22,287,079$5,221,129$3,215,871$11,391,384
90$24,487,422$5,404,025$3,250,664$12,292,186
91$26,909,903$5,593,586$3,284,325$13,276,990
92$29,577,107$5,790,066$3,316,744$14,354,120
93$32,513,921$5,993,728$3,347,804$15,532,740
94$35,747,769$6,204,849$3,377,383$16,822,942
95$39,308,868$6,423,713$3,405,352$18,235,839
96$43,230,516$6,650,619$3,431,575$19,783,666
97$47,549,405$6,885,875$3,455,909$21,479,901
98$52,305,965$7,129,805$3,478,203$23,339,383
99$57,544,751$7,382,742$3,498,300$25,378,458
100$63,314,855$7,645,036$3,516,033$27,615,128