Can I retire at age 65 with 2,130,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$175,893$174,327$172,798$171,306$169,849$167,104
2 years$87,076$85,454$83,883$82,359$80,881$78,123
3 years$57,474$55,845$54,278$52,768$51,314$48,629
4 years$42,676$41,052$39,500$38,016$36,598$34,006
5 years$33,799$32,185$30,654$29,200$27,821$25,330
6 years$27,884$26,282$24,773$23,352$22,014$19,627
7 years$23,660$22,071$20,586$19,199$17,903$15,621
8 years$20,493$18,919$17,459$16,105$14,852$12,674
9 years$18,032$16,473$15,037$13,718$12,508$10,433
10 years$16,064$14,520$13,110$11,825$10,657$8,684
11 years$14,455$12,926$11,542$10,291$9,166$7,291
12 years$13,115$11,602$10,243$9,027$7,943$6,165
13 years$11,982$10,485$9,151$7,969$6,926$5,243
14 years$11,011$9,530$8,223$7,074$6,071$4,480
15 years$10,171$8,706$7,424$6,309$5,346$3,843
16 years$9,437$7,988$6,731$5,649$4,725$3,307
17 years$8,789$7,356$6,125$5,076$4,189$2,854
18 years$8,215$6,798$5,591$4,574$3,725$2,469
19 years$7,701$6,300$5,118$4,133$3,320$2,140
20 years$7,239$5,854$4,697$3,743$2,966$1,858
21 years$6,822$5,453$4,321$3,397$2,654$1,615
22 years$6,443$5,090$3,982$3,089$2,379$1,406
23 years$6,098$4,761$3,677$2,813$2,135$1,225
24 years$5,782$4,460$3,400$2,566$1,919$1,069
25 years$5,491$4,186$3,150$2,343$1,727$933
26 years$5,224$3,934$2,921$2,143$1,556$815
27 years$4,977$3,702$2,712$1,961$1,403$713
28 years$4,747$3,489$2,522$1,797$1,266$624
29 years$4,534$3,291$2,347$1,648$1,143$546
30 years$4,336$3,108$2,186$1,512$1,033$478
31 years$4,150$2,938$2,038$1,389$934$418
32 years$3,977$2,780$1,901$1,276$844$366
33 years$3,815$2,633$1,775$1,174$764$321
34 years$3,662$2,495$1,659$1,080$692$281
35 years$3,518$2,367$1,551$994$627$247
36 years$3,383$2,247$1,451$916$568$216
37 years$3,255$2,134$1,358$844$515$190
38 years$3,135$2,028$1,271$778$467$166
39 years$3,020$1,928$1,191$717$423$146
40 years$2,912$1,835$1,117$661$384$128
41 years$2,809$1,746$1,047$610$348$112
42 years$2,712$1,663$982$563$316$99
43 years$2,619$1,585$922$520$287$87
44 years$2,531$1,510$865$480$260$76
45 years$2,447$1,440$812$443$236$67
46 years$2,366$1,374$763$409$215$58
47 years$2,290$1,311$717$378$195$51
48 years$2,217$1,252$674$350$177$45
49 years$2,147$1,195$633$323$161$40
50 years$2,080$1,142$595$299$146$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,130,000, adding $2,474 every year, while hoping to spend $20,804 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: 47/46/7 Blend
64$2,130,000$2,130,000$2,130,000$2,130,000
65$2,349,812$2,236,922$2,203,907$2,455,722
66$2,567,357$2,324,396$2,255,603$2,616,145
67$2,806,395$2,415,459$2,308,333$2,787,759
68$3,069,096$2,510,264$2,362,110$2,973,512
69$3,357,850$2,608,974$2,416,947$3,174,722
70$3,675,292$2,711,754$2,472,856$3,392,834
71$4,024,323$2,818,782$2,529,848$3,629,437
72$4,408,142$2,930,240$2,587,936$3,886,277
73$4,830,270$3,046,319$2,647,129$4,165,270
74$5,294,589$3,167,220$2,707,439$4,468,525
75$5,805,374$3,293,152$2,768,876$4,798,359
76$6,367,339$3,424,332$2,831,450$5,157,316
77$6,985,672$3,560,990$2,895,168$5,548,197
78$7,666,095$3,703,363$2,960,041$5,974,081
79$8,414,910$3,851,700$3,026,075$6,438,352
80$9,239,060$4,006,263$3,093,278$6,944,732
81$10,146,197$4,167,322$3,161,655$7,497,318
82$11,144,751$4,335,164$3,231,213$8,100,612
83$12,244,013$4,510,084$3,301,956$8,759,571
84$13,454,219$4,692,394$3,373,888$9,479,647
85$14,786,647$4,882,419$3,447,011$10,266,838
86$16,253,725$5,080,498$3,521,326$11,127,746
87$17,869,149$5,286,986$3,596,834$12,069,634
88$19,648,009$5,502,255$3,673,535$13,100,499
89$21,606,933$5,726,693$3,751,425$14,229,140
90$23,764,244$5,960,705$3,830,502$15,465,242
91$26,140,133$6,204,716$3,910,761$16,819,469
92$28,756,849$6,459,170$3,992,193$18,303,556
93$31,638,909$6,724,530$4,074,793$19,930,426
94$34,813,327$7,001,281$4,158,548$21,714,305
95$38,309,875$7,289,932$4,243,448$23,670,855
96$42,161,356$7,591,013$4,329,477$25,817,324
97$46,403,921$7,905,079$4,416,621$28,172,700
98$51,077,404$8,232,711$4,504,861$30,757,896
99$56,225,700$8,574,515$4,594,175$33,595,937
100$61,897,183$8,931,127$4,684,541$36,712,183