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%18.2%
1 years$177,545$175,964$174,421$172,915$171,444$165,757
2 years$87,894$86,257$84,670$83,132$81,640$75,966
3 years$58,014$56,370$54,787$53,263$51,796$46,312
4 years$43,077$41,438$39,871$38,373$36,941$31,690
5 years$34,117$32,488$30,942$29,474$28,082$23,078
6 years$28,145$26,529$25,005$23,571$22,220$17,467
7 years$23,882$22,279$20,780$19,379$18,071$13,568
8 years$20,686$19,097$17,623$16,257$14,992$10,735
9 years$18,201$16,627$15,178$13,847$12,625$8,611
10 years$16,215$14,656$13,233$11,936$10,757$6,978
11 years$14,590$13,048$11,650$10,388$9,252$5,701
12 years$13,238$11,711$10,339$9,112$8,017$4,686
13 years$12,094$10,583$9,237$8,044$6,991$3,872
14 years$11,115$9,620$8,300$7,141$6,128$3,213
15 years$10,267$8,788$7,494$6,368$5,396$2,674
16 years$9,525$8,063$6,794$5,702$4,769$2,232
17 years$8,872$7,425$6,182$5,123$4,229$1,867
18 years$8,292$6,861$5,644$4,617$3,760$1,565
19 years$7,773$6,359$5,166$4,172$3,351$1,313
20 years$7,307$5,909$4,742$3,779$2,993$1,104
21 years$6,886$5,504$4,361$3,429$2,679$928
22 years$6,504$5,138$4,020$3,118$2,401$782
23 years$6,155$4,805$3,711$2,840$2,155$659
24 years$5,836$4,502$3,432$2,590$1,937$555
25 years$5,543$4,225$3,179$2,365$1,743$469
26 years$5,273$3,971$2,948$2,163$1,570$395
27 years$5,023$3,737$2,738$1,980$1,416$334
28 years$4,792$3,522$2,545$1,814$1,277$282
29 years$4,577$3,322$2,369$1,663$1,153$238
30 years$4,376$3,137$2,206$1,526$1,042$201
31 years$4,189$2,966$2,057$1,402$942$170
32 years$4,014$2,806$1,919$1,288$852$144
33 years$3,850$2,658$1,792$1,185$771$122
34 years$3,696$2,519$1,674$1,090$698$103
35 years$3,551$2,389$1,565$1,003$633$87
36 years$3,415$2,268$1,464$924$573$74
37 years$3,286$2,154$1,370$852$519$62
38 years$3,164$2,047$1,283$785$471$53
39 years$3,049$1,946$1,202$724$427$44
40 years$2,939$1,852$1,127$667$387$38
41 years$2,836$1,763$1,057$616$351$32
42 years$2,737$1,679$991$568$319$27
43 years$2,644$1,599$930$525$289$23
44 years$2,555$1,525$873$484$263$19
45 years$2,470$1,454$820$447$238$16
46 years$2,389$1,387$770$413$217$14
47 years$2,311$1,324$723$382$197$12
48 years$2,237$1,264$680$353$179$10
49 years$2,167$1,207$639$326$162$8
50 years$2,099$1,153$601$301$147$7

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 $4,475 every year, while hoping to spend $44,065 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: 64/30/6 Blend
64$2,150,000$2,150,000$2,150,000$2,150,000
65$2,373,916$2,259,966$2,226,641$2,523,182
66$2,569,171$2,323,819$2,254,349$2,686,927
67$2,782,864$2,389,325$2,281,508$2,860,061
68$3,016,831$2,456,517$2,308,053$3,047,989
69$3,273,092$2,525,430$2,333,916$3,252,144
70$3,553,870$2,596,098$2,359,025$3,474,100
71$3,861,615$2,668,558$2,383,303$3,715,593
72$4,199,026$2,742,843$2,406,670$3,978,530
73$4,569,074$2,818,990$2,429,041$4,265,013
74$4,975,032$2,897,033$2,450,326$4,577,358
75$5,420,504$2,977,007$2,470,431$4,918,110
76$5,909,463$3,058,947$2,489,258$5,290,077
77$6,446,281$3,142,889$2,506,701$5,696,348
78$7,035,778$3,228,866$2,522,651$6,140,324
79$7,683,260$3,316,914$2,536,993$6,625,754
80$8,394,576$3,407,065$2,549,605$7,156,765
81$9,176,165$3,499,354$2,560,360$7,737,902
82$10,035,125$3,593,814$2,569,123$8,374,172
83$10,979,274$3,690,476$2,575,755$9,071,090
84$12,017,223$3,789,373$2,580,106$9,834,733
85$13,158,462$3,890,535$2,582,022$10,671,792
86$14,413,445$3,993,991$2,581,339$11,589,640
87$15,793,690$4,099,770$2,577,888$12,596,399
88$17,311,888$4,207,900$2,571,488$13,701,018
89$18,982,020$4,318,406$2,561,952$14,913,353
90$20,819,491$4,431,314$2,549,083$16,244,266
91$22,841,275$4,546,644$2,532,674$17,705,722
92$25,066,075$4,664,420$2,512,508$19,310,905
93$27,514,496$4,784,658$2,488,359$21,074,340
94$30,209,245$4,907,376$2,459,989$23,012,032
95$33,175,338$5,032,588$2,427,148$25,141,615
96$36,440,342$5,160,304$2,389,578$27,482,517
97$40,034,633$5,290,534$2,347,004$30,056,149
98$43,991,678$5,423,283$2,299,141$32,886,098
99$48,348,357$5,558,552$2,245,690$35,998,358
100$53,145,307$5,696,339$2,186,339$39,421,570