Can I retire at age 65 with 2,150,000?

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$177,545$175,964$174,421$172,915$171,444$167,777
2 years$87,894$86,257$84,670$83,132$81,640$77,963
3 years$58,014$56,370$54,787$53,263$51,796$48,224
4 years$43,077$41,438$39,871$38,373$36,941$33,502
5 years$34,117$32,488$30,942$29,474$28,082$24,786
6 years$28,145$26,529$25,005$23,571$22,220$19,070
7 years$23,882$22,279$20,780$19,379$18,071$15,067
8 years$20,686$19,097$17,623$16,257$14,992$12,133
9 years$18,201$16,627$15,178$13,847$12,625$9,910
10 years$16,215$14,656$13,233$11,936$10,757$8,183
11 years$14,590$13,048$11,650$10,388$9,252$6,815
12 years$13,238$11,711$10,339$9,112$8,017$5,714
13 years$12,094$10,583$9,237$8,044$6,991$4,818
14 years$11,115$9,620$8,300$7,141$6,128$4,080
15 years$10,267$8,788$7,494$6,368$5,396$3,469
16 years$9,525$8,063$6,794$5,702$4,769$2,958
17 years$8,872$7,425$6,182$5,123$4,229$2,529
18 years$8,292$6,861$5,644$4,617$3,760$2,167
19 years$7,773$6,359$5,166$4,172$3,351$1,860
20 years$7,307$5,909$4,742$3,779$2,993$1,599
21 years$6,886$5,504$4,361$3,429$2,679$1,377
22 years$6,504$5,138$4,020$3,118$2,401$1,187
23 years$6,155$4,805$3,711$2,840$2,155$1,024
24 years$5,836$4,502$3,432$2,590$1,937$884
25 years$5,543$4,225$3,179$2,365$1,743$764
26 years$5,273$3,971$2,948$2,163$1,570$661
27 years$5,023$3,737$2,738$1,980$1,416$571
28 years$4,792$3,522$2,545$1,814$1,277$495
29 years$4,577$3,322$2,369$1,663$1,153$428
30 years$4,376$3,137$2,206$1,526$1,042$371
31 years$4,189$2,966$2,057$1,402$942$321
32 years$4,014$2,806$1,919$1,288$852$278
33 years$3,850$2,658$1,792$1,185$771$241
34 years$3,696$2,519$1,674$1,090$698$209
35 years$3,551$2,389$1,565$1,003$633$181
36 years$3,415$2,268$1,464$924$573$157
37 years$3,286$2,154$1,370$852$519$137
38 years$3,164$2,047$1,283$785$471$118
39 years$3,049$1,946$1,202$724$427$103
40 years$2,939$1,852$1,127$667$387$89
41 years$2,836$1,763$1,057$616$351$77
42 years$2,737$1,679$991$568$319$67
43 years$2,644$1,599$930$525$289$58
44 years$2,555$1,525$873$484$263$51
45 years$2,470$1,454$820$447$238$44
46 years$2,389$1,387$770$413$217$38
47 years$2,311$1,324$723$382$197$33
48 years$2,237$1,264$680$353$179$29
49 years$2,167$1,207$639$326$162$25
50 years$2,099$1,153$601$301$147$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,150,000, adding $4,310 every year, while hoping to spend $50,297 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: 38/48/14 Blend
64$2,150,000$2,150,000$2,150,000$2,150,000
65$2,373,746$2,259,796$2,226,471$2,453,732
66$2,562,352$2,317,010$2,247,542$2,568,452
67$2,768,511$2,375,342$2,267,633$2,687,175
68$2,993,959$2,434,794$2,286,659$2,814,387
69$3,240,609$2,495,365$2,304,528$2,950,879
70$3,510,567$2,557,054$2,321,146$3,097,517
71$3,806,152$2,619,857$2,336,412$3,255,255
72$4,129,919$2,683,769$2,350,221$3,425,147
73$4,484,679$2,748,783$2,362,462$3,608,349
74$4,873,531$2,814,887$2,373,018$3,806,137
75$5,299,885$2,882,070$2,381,768$4,019,916
76$5,767,498$2,950,317$2,388,583$4,251,232
77$6,280,509$3,019,609$2,393,327$4,501,791
78$6,843,477$3,089,925$2,395,859$4,773,470
79$7,461,421$3,161,241$2,396,029$5,068,338
80$8,139,873$3,233,529$2,393,683$5,388,674
81$8,884,924$3,306,756$2,388,656$5,736,990
82$9,703,286$3,380,887$2,380,776$6,116,054
83$10,602,353$3,455,882$2,369,863$6,528,915
84$11,590,268$3,531,695$2,355,729$6,978,934
85$12,676,005$3,608,278$2,338,175$7,469,815
86$13,869,448$3,685,574$2,316,994$8,005,640
87$15,181,487$3,763,523$2,291,969$8,590,908
88$16,624,121$3,842,058$2,262,873$9,230,576
89$18,210,569$3,921,106$2,229,466$9,930,109
90$19,955,394$4,000,587$2,191,501$10,695,529
91$21,874,643$4,080,415$2,148,715$11,533,475
92$23,985,995$4,160,493$2,100,835$12,451,264
93$26,308,929$4,240,720$2,047,575$13,456,958
94$28,864,908$4,320,983$1,988,637$14,559,447
95$31,677,579$4,401,162$1,923,707$15,768,527
96$34,772,999$4,481,126$1,852,458$17,094,997
97$38,179,877$4,560,734$1,774,548$18,550,759
98$41,929,849$4,639,834$1,689,619$20,148,932
99$46,057,769$4,718,261$1,597,298$21,903,977
100$50,602,046$4,795,841$1,497,192$23,831,831