Can I retire at age 64 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$178,371$176,782$175,232$173,719$172,241$171,444
2 years$88,302$86,658$85,064$83,519$82,020$81,214
3 years$58,283$56,632$55,042$53,511$52,037$51,249
4 years$43,277$41,630$40,057$38,552$37,113$36,349
5 years$34,275$32,639$31,085$29,611$28,213$27,474
6 years$28,276$26,652$25,122$23,681$22,324$21,612
7 years$23,993$22,382$20,876$19,469$18,155$17,470
8 years$20,782$19,186$17,705$16,332$15,061$14,404
9 years$18,286$16,705$15,249$13,911$12,684$12,053
10 years$16,290$14,724$13,294$11,992$10,807$10,203
11 years$14,658$13,108$11,704$10,436$9,295$8,717
12 years$13,299$11,765$10,387$9,154$8,055$7,503
13 years$12,150$10,632$9,280$8,082$7,024$6,497
14 years$11,166$9,664$8,338$7,174$6,157$5,655
15 years$10,314$8,829$7,528$6,398$5,421$4,943
16 years$9,570$8,100$6,826$5,729$4,791$4,337
17 years$8,913$7,460$6,211$5,147$4,248$3,817
18 years$8,330$6,893$5,670$4,639$3,777$3,368
19 years$7,809$6,389$5,191$4,191$3,367$2,979
20 years$7,341$5,937$4,764$3,796$3,007$2,640
21 years$6,918$5,530$4,382$3,445$2,691$2,344
22 years$6,534$5,162$4,038$3,133$2,412$2,084
23 years$6,184$4,828$3,729$2,853$2,165$1,855
24 years$5,863$4,523$3,448$2,602$1,946$1,654
25 years$5,569$4,245$3,194$2,376$1,751$1,476
26 years$5,297$3,990$2,962$2,173$1,578$1,318
27 years$5,047$3,755$2,751$1,989$1,422$1,178
28 years$4,814$3,538$2,557$1,822$1,283$1,054
29 years$4,598$3,338$2,380$1,671$1,159$944
30 years$4,397$3,152$2,216$1,533$1,047$845
31 years$4,209$2,980$2,066$1,408$947$757
32 years$4,033$2,819$1,928$1,294$856$679
33 years$3,868$2,670$1,800$1,190$775$609
34 years$3,713$2,531$1,682$1,095$702$546
35 years$3,568$2,400$1,573$1,008$636$490
36 years$3,431$2,278$1,471$928$576$440
37 years$3,301$2,164$1,377$855$522$395
38 years$3,179$2,056$1,289$788$473$355
39 years$3,063$1,955$1,208$727$429$319
40 years$2,953$1,860$1,132$671$389$287
41 years$2,849$1,771$1,062$619$353$258
42 years$2,750$1,687$996$571$320$232
43 years$2,656$1,607$935$527$291$208
44 years$2,566$1,532$877$487$264$187
45 years$2,481$1,461$824$449$240$168
46 years$2,400$1,393$774$415$218$151
47 years$2,322$1,330$727$384$198$136
48 years$2,248$1,269$683$354$179$122
49 years$2,177$1,212$642$328$163$110
50 years$2,109$1,158$604$303$148$99

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,160,000, adding $6,189 every year, while hoping to spend $36,273 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: 63/10/27 Blend
63$2,160,000$2,160,000$2,160,000$2,160,000
64$2,386,704$2,272,224$2,238,744$2,519,560
65$2,591,554$2,344,969$2,275,148$2,683,086
66$2,816,082$2,420,062$2,311,555$2,857,099
67$3,062,259$2,497,581$2,347,928$3,046,389
68$3,332,252$2,577,605$2,384,227$3,252,459
69$3,628,449$2,660,216$2,420,406$3,476,963
70$3,953,483$2,745,499$2,456,422$3,721,725
71$4,310,251$2,833,541$2,492,225$3,988,752
72$4,701,945$2,924,432$2,527,762$4,280,255
73$5,132,081$3,018,267$2,562,980$4,598,669
74$5,604,532$3,115,142$2,597,819$4,946,679
75$6,123,567$3,215,156$2,632,218$5,327,240
76$6,693,885$3,318,413$2,666,112$5,743,609
77$7,320,666$3,425,020$2,699,431$6,199,372
78$8,009,615$3,535,087$2,732,103$6,698,482
79$8,767,017$3,648,727$2,764,050$7,245,294
80$9,599,797$3,766,059$2,795,190$7,844,605
81$10,515,585$3,887,205$2,825,438$8,501,699
82$11,522,786$4,012,290$2,854,702$9,222,403
83$12,630,663$4,141,444$2,882,886$10,013,131
84$13,849,418$4,274,803$2,909,891$10,880,955
85$15,190,294$4,412,504$2,935,608$11,833,664
86$16,665,680$4,554,692$2,959,926$12,879,844
87$18,289,223$4,701,516$2,982,727$14,028,952
88$20,075,962$4,853,128$3,003,887$15,291,410
89$22,042,468$5,009,689$3,023,275$16,678,703
90$24,206,998$5,171,362$3,040,753$18,203,487
91$26,589,670$5,338,317$3,056,177$19,879,705
92$29,212,652$5,510,731$3,069,394$21,722,724
93$32,100,370$5,688,783$3,080,246$23,749,476
94$35,279,737$5,872,664$3,088,564$25,978,620
95$38,780,412$6,062,566$3,094,172$28,430,718
96$42,635,073$6,258,690$3,096,886$31,128,427
97$46,879,729$6,461,245$3,096,511$34,096,714
98$51,554,061$6,670,446$3,092,843$37,363,094
99$56,701,792$6,886,514$3,085,670$40,957,886
100$62,371,101$7,109,680$3,074,766$44,914,501