Can I retire at age 64 with 2,210,000?

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 $2,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$182,500$180,874$179,288$177,740$176,229$171,829
2 years$90,346$88,664$87,033$85,452$83,918$79,514
3 years$59,633$57,943$56,316$54,750$53,241$48,969
4 years$44,279$42,594$40,984$39,444$37,972$33,866
5 years$35,069$33,394$31,805$30,297$28,866$24,936
6 years$28,931$27,269$25,703$24,229$22,841$19,092
7 years$24,548$22,900$21,359$19,920$18,575$15,008
8 years$21,263$19,630$18,115$16,710$15,410$12,022
9 years$18,709$17,091$15,602$14,233$12,978$9,767
10 years$16,667$15,065$13,602$12,269$11,058$8,020
11 years$14,997$13,412$11,975$10,678$9,510$6,641
12 years$13,607$12,038$10,628$9,366$8,241$5,535
13 years$12,432$10,878$9,495$8,269$7,186$4,639
14 years$11,425$9,888$8,531$7,340$6,300$3,905
15 years$10,553$9,033$7,703$6,546$5,547$3,299
16 years$9,791$8,288$6,984$5,861$4,902$2,795
17 years$9,119$7,633$6,355$5,266$4,347$2,374
18 years$8,523$7,053$5,801$4,746$3,865$2,021
19 years$7,990$6,537$5,311$4,288$3,445$1,723
20 years$7,511$6,074$4,874$3,884$3,077$1,472
21 years$7,078$5,658$4,483$3,525$2,753$1,258
22 years$6,685$5,281$4,132$3,205$2,468$1,077
23 years$6,327$4,940$3,815$2,919$2,216$923
24 years$5,999$4,628$3,528$2,662$1,991$791
25 years$5,698$4,343$3,268$2,431$1,792$679
26 years$5,420$4,082$3,031$2,223$1,614$583
27 years$5,163$3,842$2,814$2,035$1,455$500
28 years$4,926$3,620$2,616$1,864$1,313$430
29 years$4,705$3,415$2,435$1,710$1,186$369
30 years$4,499$3,225$2,268$1,569$1,071$318
31 years$4,306$3,049$2,114$1,441$969$273
32 years$4,126$2,885$1,973$1,324$876$235
33 years$3,958$2,732$1,842$1,218$793$202
34 years$3,799$2,589$1,721$1,120$718$174
35 years$3,650$2,456$1,609$1,031$650$150
36 years$3,510$2,331$1,505$950$589$129
37 years$3,377$2,214$1,409$875$534$111
38 years$3,252$2,104$1,319$807$484$95
39 years$3,134$2,001$1,236$744$439$82
40 years$3,021$1,903$1,158$686$398$71
41 years$2,915$1,812$1,086$633$361$61
42 years$2,814$1,726$1,019$584$328$52
43 years$2,717$1,644$956$539$297$45
44 years$2,626$1,567$898$498$270$39
45 years$2,539$1,494$843$460$245$33
46 years$2,455$1,426$792$425$223$29
47 years$2,376$1,361$744$392$202$25
48 years$2,300$1,299$699$363$184$21
49 years$2,227$1,240$657$335$167$18
50 years$2,158$1,185$618$310$151$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $2,210,000, adding $6,799 every year, while hoping to spend $59,927 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: 43/43/14 Blend
63$2,210,000$2,210,000$2,210,000$2,210,000
64$2,442,433$2,325,303$2,291,048$2,537,249
65$2,627,799$2,375,481$2,304,036$2,654,527
66$2,830,065$2,426,109$2,315,451$2,775,001
67$3,050,889$2,477,147$2,325,177$2,904,214
68$3,292,101$2,528,548$2,333,091$3,042,994
69$3,555,711$2,580,263$2,339,066$3,192,254
70$3,843,937$2,632,239$2,342,968$3,352,999
71$4,159,216$2,684,416$2,344,654$3,526,340
72$4,504,234$2,736,730$2,343,978$3,713,499
73$4,881,948$2,789,112$2,340,784$3,915,822
74$5,295,615$2,841,487$2,334,909$4,134,796
75$5,748,821$2,893,773$2,326,181$4,372,059
76$6,245,515$2,945,883$2,314,423$4,629,417
77$6,790,047$2,997,720$2,299,445$4,908,861
78$7,387,207$3,049,184$2,281,052$5,212,586
79$8,042,272$3,100,163$2,259,037$5,543,014
80$8,761,052$3,150,540$2,233,183$5,902,814
81$9,549,950$3,200,187$2,203,265$6,294,930
82$10,416,017$3,248,968$2,169,046$6,722,606
83$11,367,019$3,296,736$2,130,278$7,189,422
84$12,411,514$3,343,335$2,086,701$7,699,325
85$13,558,926$3,388,596$2,038,044$8,256,666
86$14,819,640$3,432,340$1,984,021$8,866,243
87$16,205,094$3,474,376$1,924,337$9,533,347
88$17,727,891$3,514,498$1,858,679$10,263,814
89$19,401,914$3,552,486$1,786,724$11,064,077
90$21,242,460$3,588,109$1,708,129$11,941,228
91$23,266,380$3,621,115$1,622,541$12,903,091
92$25,492,241$3,651,240$1,529,586$13,958,290
93$27,940,500$3,678,202$1,428,878$15,116,335
94$30,633,695$3,701,698$1,320,009$16,387,712
95$33,596,659$3,721,408$1,202,557$17,783,982
96$36,856,752$3,736,991$1,076,076$19,317,893
97$40,444,122$3,748,084$940,106$21,003,500
98$44,391,985$3,754,303$794,162$22,856,300
99$48,736,940$3,755,237$637,739$24,893,378
100$53,519,316$3,750,451$470,311$27,133,572