Can I retire at age 64 with 2,150,000?

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$177,545$175,964$174,421$172,915$171,444$169,654
2 years$87,894$86,257$84,670$83,132$81,640$79,837
3 years$58,014$56,370$54,787$53,263$51,796$50,036
4 years$43,077$41,438$39,871$38,373$36,941$35,238
5 years$34,117$32,488$30,942$29,474$28,082$26,441
6 years$28,145$26,529$25,005$23,571$22,220$20,643
7 years$23,882$22,279$20,780$19,379$18,071$16,559
8 years$20,686$19,097$17,623$16,257$14,992$13,544
9 years$18,201$16,627$15,178$13,847$12,625$11,241
10 years$16,215$14,656$13,233$11,936$10,757$9,436
11 years$14,590$13,048$11,650$10,388$9,252$7,993
12 years$13,238$11,711$10,339$9,112$8,017$6,819
13 years$12,094$10,583$9,237$8,044$6,991$5,852
14 years$11,115$9,620$8,300$7,141$6,128$5,047
15 years$10,267$8,788$7,494$6,368$5,396$4,371
16 years$9,525$8,063$6,794$5,702$4,769$3,798
17 years$8,872$7,425$6,182$5,123$4,229$3,310
18 years$8,292$6,861$5,644$4,617$3,760$2,892
19 years$7,773$6,359$5,166$4,172$3,351$2,533
20 years$7,307$5,909$4,742$3,779$2,993$2,222
21 years$6,886$5,504$4,361$3,429$2,679$1,952
22 years$6,504$5,138$4,020$3,118$2,401$1,718
23 years$6,155$4,805$3,711$2,840$2,155$1,513
24 years$5,836$4,502$3,432$2,590$1,937$1,334
25 years$5,543$4,225$3,179$2,365$1,743$1,178
26 years$5,273$3,971$2,948$2,163$1,570$1,041
27 years$5,023$3,737$2,738$1,980$1,416$920
28 years$4,792$3,522$2,545$1,814$1,277$814
29 years$4,577$3,322$2,369$1,663$1,153$720
30 years$4,376$3,137$2,206$1,526$1,042$638
31 years$4,189$2,966$2,057$1,402$942$565
32 years$4,014$2,806$1,919$1,288$852$501
33 years$3,850$2,658$1,792$1,185$771$444
34 years$3,696$2,519$1,674$1,090$698$394
35 years$3,551$2,389$1,565$1,003$633$349
36 years$3,415$2,268$1,464$924$573$310
37 years$3,286$2,154$1,370$852$519$275
38 years$3,164$2,047$1,283$785$471$244
39 years$3,049$1,946$1,202$724$427$217
40 years$2,939$1,852$1,127$667$387$192
41 years$2,836$1,763$1,057$616$351$171
42 years$2,737$1,679$991$568$319$152
43 years$2,644$1,599$930$525$289$135
44 years$2,555$1,525$873$484$263$120
45 years$2,470$1,454$820$447$238$106
46 years$2,389$1,387$770$413$217$94
47 years$2,311$1,324$723$382$197$84
48 years$2,237$1,264$680$353$179$75
49 years$2,167$1,207$639$326$162$66
50 years$2,099$1,153$601$301$147$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,150,000, adding $6,285 every year, while hoping to spend $28,315 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: 70/22/8 Blend
63$2,150,000$2,150,000$2,150,000$2,150,000
64$2,375,783$2,261,833$2,228,508$2,538,368
65$2,587,986$2,342,536$2,273,036$2,727,474
66$2,820,885$2,426,244$2,318,107$2,930,257
67$3,076,560$2,513,075$2,363,709$3,151,377
68$3,357,304$2,603,151$2,409,828$3,392,630
69$3,665,643$2,696,600$2,456,451$3,655,992
70$4,004,359$2,793,553$2,503,562$3,943,638
71$4,376,515$2,894,148$2,551,143$4,257,963
72$4,785,487$2,998,530$2,599,174$4,601,602
73$5,234,996$3,106,847$2,647,636$4,977,457
74$5,729,139$3,219,255$2,696,505$5,388,724
75$6,272,429$3,335,917$2,745,756$5,838,920
76$6,869,842$3,457,002$2,795,363$6,331,919
77$7,526,855$3,582,684$2,845,297$6,871,986
78$8,249,507$3,713,148$2,895,527$7,463,818
79$9,044,449$3,848,585$2,946,020$8,112,588
80$9,919,010$3,989,193$2,996,739$8,823,991
81$10,881,265$4,135,180$3,047,646$9,604,303
82$11,940,112$4,286,761$3,098,700$10,460,433
83$13,105,353$4,444,162$3,149,856$11,399,991
84$14,387,790$4,607,617$3,201,067$12,431,360
85$15,799,325$4,777,371$3,252,283$13,563,773
86$17,353,072$4,953,678$3,303,450$14,807,402
87$19,063,481$5,136,803$3,354,512$16,173,450
88$20,946,474$5,327,025$3,405,406$17,674,257
89$23,019,596$5,524,630$3,456,068$19,323,420
90$25,302,178$5,729,921$3,506,430$21,135,914
91$27,815,523$5,943,210$3,556,419$23,128,240
92$30,583,104$6,164,825$3,605,957$25,318,572
93$33,630,786$6,395,107$3,654,961$27,726,936
94$36,987,070$6,634,411$3,703,346$30,375,392
95$40,683,362$6,883,107$3,751,019$33,288,245
96$44,754,269$7,141,584$3,797,883$36,492,274
97$49,237,927$7,410,244$3,843,834$40,016,979
98$54,176,358$7,689,509$3,888,765$43,894,865
99$59,615,868$7,979,816$3,932,560$48,161,745
100$65,607,483$8,281,624$3,975,098$52,857,077