Can I retire at age 65 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$173,416$171,871$170,364$168,893$167,457$162,422
2 years$85,850$84,251$82,701$81,199$79,741$74,711
3 years$56,665$55,059$53,513$52,025$50,591$45,723
4 years$42,075$40,474$38,944$37,481$36,082$31,414
5 years$33,323$31,732$30,222$28,789$27,429$22,973
6 years$27,491$25,912$24,424$23,023$21,704$17,464
7 years$23,327$21,761$20,296$18,928$17,651$13,628
8 years$20,205$18,653$17,213$15,878$14,643$10,834
9 years$17,778$16,241$14,825$13,525$12,332$8,732
10 years$15,837$14,315$12,925$11,659$10,507$7,112
11 years$14,251$12,744$11,379$10,146$9,037$5,840
12 years$12,930$11,438$10,099$8,900$7,831$4,827
13 years$11,813$10,337$9,023$7,857$6,829$4,010
14 years$10,856$9,396$8,107$6,975$5,986$3,345
15 years$10,028$8,583$7,319$6,220$5,271$2,800
16 years$9,304$7,875$6,636$5,570$4,658$2,351
17 years$8,666$7,253$6,039$5,004$4,130$1,978
18 years$8,099$6,702$5,512$4,510$3,672$1,667
19 years$7,592$6,211$5,046$4,075$3,273$1,408
20 years$7,137$5,772$4,631$3,691$2,924$1,191
21 years$6,726$5,376$4,260$3,350$2,616$1,008
22 years$6,352$5,018$3,926$3,045$2,345$854
23 years$6,012$4,694$3,625$2,774$2,105$724
24 years$5,700$4,398$3,353$2,530$1,892$614
25 years$5,414$4,127$3,105$2,310$1,703$522
26 years$5,150$3,879$2,880$2,112$1,534$443
27 years$4,906$3,650$2,674$1,934$1,383$377
28 years$4,680$3,440$2,486$1,772$1,248$320
29 years$4,470$3,245$2,313$1,625$1,127$272
30 years$4,275$3,064$2,155$1,491$1,018$232
31 years$4,092$2,897$2,009$1,369$920$197
32 years$3,921$2,741$1,874$1,258$833$168
33 years$3,761$2,596$1,750$1,157$753$143
34 years$3,610$2,460$1,635$1,065$682$121
35 years$3,469$2,334$1,529$980$618$103
36 years$3,335$2,215$1,430$903$560$88
37 years$3,209$2,104$1,339$832$507$75
38 years$3,090$1,999$1,254$767$460$64
39 years$2,978$1,901$1,174$707$417$54
40 years$2,871$1,809$1,101$652$378$46
41 years$2,770$1,722$1,032$602$343$39
42 years$2,674$1,640$968$555$311$34
43 years$2,582$1,562$909$512$283$29
44 years$2,495$1,489$853$473$257$24
45 years$2,412$1,420$801$437$233$21
46 years$2,333$1,355$752$404$211$18
47 years$2,258$1,293$707$373$192$15
48 years$2,185$1,234$664$345$174$13
49 years$2,116$1,179$624$318$158$11
50 years$2,050$1,126$587$294$144$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,100,000, adding $5,102 every year, while hoping to spend $53,253 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: 39/42/19 Blend
64$2,100,000$2,100,000$2,100,000$2,100,000
65$2,319,463$2,208,163$2,175,613$2,396,594
66$2,499,387$2,259,702$2,191,835$2,503,946
67$2,695,879$2,311,982$2,206,816$2,614,489
68$2,910,572$2,364,982$2,220,458$2,732,912
69$3,145,265$2,418,681$2,232,657$2,859,959
70$3,401,937$2,473,051$2,243,307$2,996,449
71$3,682,770$2,528,066$2,252,292$3,143,282
72$3,990,163$2,583,692$2,259,495$3,301,455
73$4,326,761$2,639,894$2,264,789$3,472,062
74$4,695,473$2,696,632$2,268,043$3,656,312
75$5,099,508$2,753,863$2,269,118$3,855,537
76$5,542,394$2,811,538$2,267,870$4,071,203
77$6,028,021$2,869,606$2,264,146$4,304,931
78$6,560,671$2,928,009$2,257,787$4,558,503
79$7,145,062$2,986,684$2,248,626$4,833,888
80$7,786,390$3,045,563$2,236,486$5,133,253
81$8,490,378$3,104,572$2,221,185$5,458,990
82$9,263,330$3,163,630$2,202,528$5,813,736
83$10,112,193$3,222,651$2,180,316$6,200,397
84$11,044,615$3,281,539$2,154,335$6,622,178
85$12,069,025$3,340,194$2,124,365$7,082,615
86$13,194,708$3,398,506$2,090,173$7,585,602
87$14,431,891$3,456,356$2,051,517$8,135,437
88$15,791,844$3,513,617$2,008,143$8,736,857
89$17,286,981$3,570,153$1,959,785$9,395,086
90$18,930,980$3,625,817$1,906,164$10,115,881
91$20,738,909$3,680,452$1,846,990$10,905,595
92$22,727,372$3,733,888$1,781,958$11,771,228
93$24,914,660$3,785,945$1,710,750$12,720,500
94$27,320,928$3,836,429$1,633,033$13,761,922
95$29,968,382$3,885,133$1,548,459$14,904,880
96$32,881,489$3,931,837$1,456,664$16,159,719
97$36,087,208$3,976,304$1,357,269$17,537,848
98$39,615,242$4,018,281$1,249,876$19,051,844
99$43,498,320$4,057,500$1,134,070$20,715,574
100$47,772,505$4,093,674$1,009,418$22,544,325