Can I retire at age 65 with 2,120,000?

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 $2,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$175,068$173,508$171,987$170,502$169,052$163,379
2 years$86,667$85,053$83,489$81,972$80,501$74,841
3 years$57,204$55,583$54,023$52,520$51,073$45,605
4 years$42,476$40,859$39,315$37,838$36,426$31,191
5 years$33,641$32,034$30,510$29,063$27,690$22,702
6 years$27,753$26,158$24,656$23,242$21,910$17,173
7 years$23,549$21,968$20,490$19,109$17,819$13,332
8 years$20,397$18,830$17,377$16,030$14,783$10,542
9 years$17,947$16,395$14,967$13,654$12,449$8,451
10 years$15,988$14,452$13,048$11,770$10,607$6,844
11 years$14,387$12,865$11,488$10,243$9,123$5,588
12 years$13,053$11,547$10,195$8,985$7,905$4,591
13 years$11,925$10,435$9,108$7,932$6,894$3,790
14 years$10,960$9,486$8,184$7,041$6,043$3,142
15 years$10,123$8,665$7,389$6,280$5,321$2,614
16 years$9,392$7,950$6,699$5,623$4,702$2,180
17 years$8,748$7,322$6,096$5,052$4,170$1,822
18 years$8,176$6,766$5,565$4,553$3,707$1,526
19 years$7,665$6,270$5,094$4,114$3,304$1,280
20 years$7,205$5,827$4,675$3,726$2,952$1,075
21 years$6,790$5,427$4,300$3,381$2,641$903
22 years$6,413$5,066$3,964$3,075$2,368$760
23 years$6,069$4,738$3,660$2,800$2,125$640
24 years$5,755$4,440$3,385$2,554$1,910$539
25 years$5,466$4,166$3,135$2,332$1,719$455
26 years$5,199$3,916$2,907$2,132$1,548$383
27 years$4,953$3,685$2,700$1,952$1,396$323
28 years$4,725$3,472$2,510$1,788$1,260$273
29 years$4,513$3,276$2,336$1,640$1,137$230
30 years$4,315$3,094$2,175$1,505$1,028$195
31 years$4,131$2,925$2,028$1,382$929$164
32 years$3,958$2,767$1,892$1,270$840$139
33 years$3,797$2,621$1,767$1,168$761$117
34 years$3,645$2,484$1,651$1,075$689$99
35 years$3,502$2,356$1,543$989$624$84
36 years$3,367$2,236$1,444$911$565$71
37 years$3,240$2,124$1,351$840$512$60
38 years$3,120$2,018$1,266$774$464$50
39 years$3,006$1,919$1,186$714$421$43
40 years$2,898$1,826$1,111$658$382$36
41 years$2,796$1,738$1,042$607$347$30
42 years$2,699$1,655$977$560$314$26
43 years$2,607$1,577$917$517$285$22
44 years$2,519$1,503$861$478$259$18
45 years$2,435$1,434$808$441$235$16
46 years$2,355$1,368$759$407$214$13
47 years$2,279$1,305$713$376$194$11
48 years$2,206$1,246$670$348$176$9
49 years$2,137$1,190$630$321$160$8
50 years$2,070$1,137$592$297$145$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,120,000, adding $6,846 every year, while hoping to spend $34,712 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: 47/44/9 Blend
64$2,120,000$2,120,000$2,120,000$2,120,000
65$2,343,302$2,230,942$2,198,082$2,447,346
66$2,545,385$2,303,324$2,234,784$2,592,026
67$2,766,918$2,378,091$2,271,553$2,744,780
68$3,009,847$2,455,320$2,308,353$2,909,759
69$3,276,316$2,535,097$2,345,148$3,088,108
70$3,568,689$2,617,505$2,381,899$3,281,087
71$3,889,567$2,702,634$2,418,564$3,490,080
72$4,241,816$2,790,576$2,455,099$3,716,611
73$4,628,593$2,881,426$2,491,457$3,962,355
74$5,053,375$2,975,282$2,527,587$4,229,152
75$5,519,995$3,072,246$2,563,436$4,519,030
76$6,032,671$3,172,423$2,598,948$4,834,218
77$6,596,054$3,275,922$2,634,064$5,177,170
78$7,215,266$3,382,857$2,668,719$5,550,583
79$7,895,950$3,493,343$2,702,847$5,957,429
80$8,644,322$3,607,502$2,736,378$6,400,977
81$9,467,232$3,725,459$2,769,236$6,884,826
82$10,372,226$3,847,343$2,801,342$7,412,937
83$11,367,619$3,973,289$2,832,613$7,989,669
84$12,462,571$4,103,435$2,862,960$8,619,824
85$13,667,175$4,237,925$2,892,291$9,308,688
86$14,992,551$4,376,908$2,920,507$10,062,078
87$16,450,952$4,520,537$2,947,505$10,886,404
88$18,055,879$4,668,973$2,973,176$11,788,722
89$19,822,207$4,822,381$2,997,405$12,776,801
90$21,766,325$4,980,931$3,020,072$13,859,199
91$23,906,295$5,144,801$3,041,049$15,045,340
92$26,262,016$5,314,175$3,060,203$16,345,603
93$28,855,414$5,489,243$3,077,393$17,771,419
94$31,710,652$5,670,201$3,092,470$19,335,381
95$34,854,351$5,857,253$3,105,281$21,051,357
96$38,315,847$6,050,611$3,115,660$22,934,624
97$42,127,466$6,250,494$3,123,438$25,002,009
98$46,324,828$6,457,128$3,128,433$27,272,050
99$50,947,182$6,670,749$3,130,457$29,765,167
100$56,037,778$6,891,599$3,129,311$32,503,854