Can I retire at age 64 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$180,848$179,237$177,666$176,132$174,634$172,166
2 years$89,529$87,861$86,245$84,679$83,159$80,678
3 years$59,093$57,418$55,807$54,254$52,759$50,342
4 years$43,878$42,209$40,613$39,087$37,628$35,293
5 years$34,751$33,092$31,517$30,023$28,605$26,358
6 years$28,669$27,022$25,471$24,009$22,634$20,478
7 years$24,326$22,693$21,166$19,739$18,407$16,344
8 years$21,071$19,452$17,951$16,559$15,271$13,300
9 years$18,540$16,937$15,461$14,105$12,860$10,980
10 years$16,516$14,929$13,479$12,158$10,957$9,167
11 years$14,862$13,290$11,867$10,581$9,424$7,721
12 years$13,484$11,929$10,531$9,281$8,166$6,550
13 years$12,319$10,780$9,409$8,194$7,121$5,588
14 years$11,321$9,799$8,454$7,274$6,242$4,791
15 years$10,458$8,951$7,633$6,487$5,496$4,124
16 years$9,703$8,213$6,920$5,808$4,858$3,561
17 years$9,037$7,564$6,297$5,219$4,307$3,084
18 years$8,446$6,989$5,749$4,703$3,830$2,677
19 years$7,918$6,477$5,263$4,250$3,414$2,329
20 years$7,443$6,019$4,830$3,849$3,049$2,030
21 years$7,014$5,607$4,442$3,493$2,729$1,771
22 years$6,625$5,234$4,094$3,176$2,446$1,548
23 years$6,270$4,895$3,780$2,892$2,195$1,354
24 years$5,945$4,586$3,496$2,638$1,973$1,186
25 years$5,646$4,304$3,238$2,409$1,776$1,040
26 years$5,371$4,045$3,003$2,203$1,599$912
27 years$5,117$3,807$2,789$2,016$1,442$800
28 years$4,881$3,587$2,593$1,847$1,301$703
29 years$4,662$3,384$2,413$1,694$1,175$618
30 years$4,458$3,196$2,247$1,555$1,062$543
31 years$4,267$3,021$2,095$1,428$960$477
32 years$4,089$2,859$1,955$1,312$868$420
33 years$3,922$2,707$1,825$1,207$786$370
34 years$3,765$2,566$1,705$1,110$711$325
35 years$3,617$2,434$1,594$1,022$644$286
36 years$3,478$2,310$1,491$941$584$252
37 years$3,347$2,194$1,396$867$529$222
38 years$3,223$2,085$1,307$799$480$196
39 years$3,105$1,983$1,225$737$435$172
40 years$2,994$1,886$1,148$680$395$152
41 years$2,888$1,795$1,076$627$358$134
42 years$2,788$1,710$1,010$579$325$118
43 years$2,693$1,629$948$534$295$104
44 years$2,602$1,553$889$493$268$92
45 years$2,516$1,481$835$456$243$81
46 years$2,433$1,413$784$421$221$71
47 years$2,354$1,348$737$389$200$63
48 years$2,279$1,287$692$359$182$55
49 years$2,207$1,229$651$332$165$49
50 years$2,138$1,174$612$307$150$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,190,000, adding $3,582 every year, while hoping to spend $29,059 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: 68/17/15 Blend
63$2,190,000$2,190,000$2,190,000$2,190,000
64$2,417,075$2,301,005$2,267,060$2,572,743
65$2,632,698$2,382,836$2,312,088$2,758,758
66$2,869,341$2,467,702$2,357,650$2,958,367
67$3,129,116$2,555,722$2,403,734$3,175,957
68$3,414,353$2,647,019$2,450,326$3,413,291
69$3,727,614$2,741,721$2,497,410$3,672,312
70$4,071,726$2,839,960$2,544,968$3,955,159
71$4,449,800$2,941,876$2,592,983$4,264,185
72$4,865,265$3,047,613$2,641,432$4,601,981
73$5,321,896$3,157,321$2,690,295$4,971,402
74$5,823,856$3,271,156$2,739,546$5,375,589
75$6,375,728$3,389,282$2,789,160$5,818,003
76$6,982,564$3,511,867$2,839,108$6,302,455
77$7,649,926$3,639,090$2,889,359$6,833,141
78$8,383,946$3,771,133$2,939,880$7,414,683
79$9,191,379$3,908,189$2,990,636$8,052,171
80$10,079,667$4,050,457$3,041,590$8,751,212
81$11,057,009$4,198,145$3,092,699$9,517,982
82$12,132,440$4,351,471$3,143,921$10,359,282
83$13,315,915$4,510,659$3,195,208$11,282,607
84$14,618,403$4,675,946$3,246,512$12,296,208
85$16,051,988$4,847,575$3,297,778$13,409,180
86$17,629,989$5,025,804$3,348,952$14,631,536
87$19,367,077$5,210,898$3,399,971$15,974,312
88$21,279,421$5,403,135$3,450,773$17,449,663
89$23,384,838$5,602,803$3,501,288$19,070,980
90$25,702,956$5,810,205$3,551,446$20,853,017
91$28,255,407$6,025,656$3,601,170$22,812,027
92$31,066,028$6,249,481$3,650,378$24,965,917
93$34,161,081$6,482,025$3,698,984$27,334,417
94$37,569,509$6,723,642$3,746,898$29,939,264
95$41,323,203$6,974,704$3,794,023$32,804,407
96$45,457,303$7,235,598$3,840,256$35,956,234
97$50,010,535$7,506,729$3,885,492$39,423,818
98$55,025,569$7,788,518$3,929,615$43,239,192
99$60,549,426$8,081,405$3,972,506$47,437,654
100$66,633,921$8,385,847$4,014,039$52,058,092