Can I retire at age 64 with 2,170,000?

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$179,197$177,600$176,043$174,523$173,039$169,893
2 years$88,711$87,059$85,458$83,905$82,399$79,241
3 years$58,553$56,894$55,297$53,759$52,278$49,205
4 years$43,477$41,823$40,242$38,730$37,285$34,322
5 years$34,434$32,790$31,229$29,749$28,343$25,499
6 years$28,407$26,775$25,238$23,790$22,427$19,704
7 years$24,104$22,486$20,973$19,559$18,239$15,639
8 years$20,878$19,275$17,787$16,408$15,131$12,652
9 years$18,370$16,782$15,320$13,976$12,743$10,384
10 years$16,365$14,793$13,356$12,047$10,857$8,616
11 years$14,726$13,169$11,758$10,485$9,338$7,212
12 years$13,361$11,820$10,435$9,196$8,092$6,079
13 years$12,207$10,682$9,323$8,119$7,056$5,152
14 years$11,218$9,709$8,377$7,207$6,185$4,387
15 years$10,362$8,870$7,563$6,428$5,446$3,751
16 years$9,614$8,138$6,857$5,755$4,813$3,216
17 years$8,954$7,494$6,240$5,171$4,268$2,766
18 years$8,369$6,925$5,696$4,660$3,795$2,384
19 years$7,846$6,418$5,215$4,211$3,382$2,058
20 years$7,375$5,964$4,786$3,814$3,021$1,780
21 years$6,950$5,555$4,402$3,461$2,704$1,542
22 years$6,564$5,186$4,057$3,147$2,423$1,337
23 years$6,212$4,850$3,746$2,866$2,175$1,161
24 years$5,890$4,544$3,464$2,614$1,955$1,009
25 years$5,595$4,265$3,209$2,387$1,759$877
26 years$5,322$4,008$2,976$2,183$1,585$763
27 years$5,070$3,772$2,763$1,998$1,429$665
28 years$4,836$3,554$2,569$1,831$1,289$579
29 years$4,619$3,353$2,391$1,679$1,164$505
30 years$4,417$3,167$2,227$1,541$1,052$440
31 years$4,228$2,994$2,076$1,415$951$384
32 years$4,052$2,832$1,937$1,300$860$335
33 years$3,886$2,682$1,808$1,196$779$292
34 years$3,731$2,542$1,690$1,100$705$255
35 years$3,584$2,411$1,580$1,013$638$223
36 years$3,446$2,289$1,478$933$578$194
37 years$3,316$2,174$1,383$859$524$170
38 years$3,193$2,066$1,295$792$475$148
39 years$3,077$1,964$1,214$730$431$129
40 years$2,967$1,869$1,138$674$391$113
41 years$2,862$1,779$1,067$622$355$99
42 years$2,763$1,694$1,001$574$322$86
43 years$2,668$1,614$939$530$292$75
44 years$2,578$1,539$881$489$265$66
45 years$2,493$1,467$827$452$241$58
46 years$2,411$1,400$777$417$219$50
47 years$2,333$1,336$730$385$198$44
48 years$2,258$1,275$686$356$180$38
49 years$2,187$1,218$645$329$164$34
50 years$2,119$1,163$606$304$149$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,170,000, adding $6,933 every year, while hoping to spend $20,693 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: 51/20/29 Blend
63$2,170,000$2,170,000$2,170,000$2,170,000
64$2,398,491$2,283,481$2,249,846$2,500,876
65$2,621,120$2,373,355$2,303,199$2,662,930
66$2,865,764$2,466,938$2,357,645$2,836,427
67$3,134,646$2,564,392$2,413,200$3,024,691
68$3,430,215$2,665,883$2,469,879$3,229,140
69$3,755,172$2,771,587$2,527,694$3,451,332
70$4,112,489$2,881,684$2,586,662$3,692,979
71$4,505,443$2,996,366$2,646,795$3,955,968
72$4,937,643$3,115,833$2,708,107$4,242,373
73$5,413,065$3,240,291$2,770,611$4,554,476
74$5,936,091$3,369,959$2,834,320$4,894,790
75$6,511,550$3,505,064$2,899,247$5,266,079
76$7,144,759$3,645,844$2,965,403$5,671,387
77$7,841,580$3,792,546$3,032,800$6,114,062
78$8,608,471$3,945,430$3,101,448$6,597,792
79$9,452,547$4,104,767$3,171,358$7,126,635
80$10,381,647$4,270,842$3,242,540$7,705,062
81$11,404,412$4,443,950$3,315,001$8,337,991
82$12,530,359$4,624,401$3,388,751$9,030,840
83$13,769,978$4,812,519$3,463,797$9,789,574
84$15,134,826$5,008,643$3,540,144$10,620,762
85$16,637,639$5,213,126$3,617,799$11,531,637
86$18,292,448$5,426,340$3,696,766$12,530,165
87$20,114,718$5,648,671$3,777,048$13,625,119
88$22,121,488$5,880,524$3,858,647$14,826,161
89$24,331,532$6,122,322$3,941,565$16,143,933
90$26,765,542$6,374,509$4,025,800$17,590,154
91$29,446,314$6,637,547$4,111,351$19,177,736
92$32,398,971$6,911,920$4,198,215$20,920,898
93$35,651,198$7,198,136$4,286,387$22,835,303
94$39,233,498$7,496,723$4,375,859$24,938,205
95$43,179,489$7,808,236$4,466,624$27,248,612
96$47,526,212$8,133,255$4,558,671$29,787,460
97$52,314,487$8,472,385$4,651,988$32,577,814
98$57,589,295$8,826,262$4,746,560$35,645,083
99$63,400,203$9,195,549$4,842,370$39,017,260
100$69,801,833$9,580,941$4,939,398$42,725,183