Can I retire at age 65 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$178,371$176,782$175,232$173,719$172,241$170,585
2 years$88,302$86,658$85,064$83,519$82,020$80,351
3 years$58,283$56,632$55,042$53,511$52,037$50,407
4 years$43,277$41,630$40,057$38,552$37,113$35,536
5 years$34,275$32,639$31,085$29,611$28,213$26,692
6 years$28,276$26,652$25,122$23,681$22,324$20,862
7 years$23,993$22,382$20,876$19,469$18,155$16,752
8 years$20,782$19,186$17,705$16,332$15,061$13,718
9 years$18,286$16,705$15,249$13,911$12,684$11,399
10 years$16,290$14,724$13,294$11,992$10,807$9,581
11 years$14,658$13,108$11,704$10,436$9,295$8,125
12 years$13,299$11,765$10,387$9,154$8,055$6,941
13 years$12,150$10,632$9,280$8,082$7,024$5,964
14 years$11,166$9,664$8,338$7,174$6,157$5,151
15 years$10,314$8,829$7,528$6,398$5,421$4,466
16 years$9,570$8,100$6,826$5,729$4,791$3,887
17 years$8,913$7,460$6,211$5,147$4,248$3,392
18 years$8,330$6,893$5,670$4,639$3,777$2,968
19 years$7,809$6,389$5,191$4,191$3,367$2,603
20 years$7,341$5,937$4,764$3,796$3,007$2,287
21 years$6,918$5,530$4,382$3,445$2,691$2,012
22 years$6,534$5,162$4,038$3,133$2,412$1,773
23 years$6,184$4,828$3,729$2,853$2,165$1,564
24 years$5,863$4,523$3,448$2,602$1,946$1,382
25 years$5,569$4,245$3,194$2,376$1,751$1,222
26 years$5,297$3,990$2,962$2,173$1,578$1,081
27 years$5,047$3,755$2,751$1,989$1,422$957
28 years$4,814$3,538$2,557$1,822$1,283$848
29 years$4,598$3,338$2,380$1,671$1,159$752
30 years$4,397$3,152$2,216$1,533$1,047$667
31 years$4,209$2,980$2,066$1,408$947$592
32 years$4,033$2,819$1,928$1,294$856$525
33 years$3,868$2,670$1,800$1,190$775$467
34 years$3,713$2,531$1,682$1,095$702$414
35 years$3,568$2,400$1,573$1,008$636$368
36 years$3,431$2,278$1,471$928$576$327
37 years$3,301$2,164$1,377$855$522$291
38 years$3,179$2,056$1,289$788$473$259
39 years$3,063$1,955$1,208$727$429$230
40 years$2,953$1,860$1,132$671$389$205
41 years$2,849$1,771$1,062$619$353$182
42 years$2,750$1,687$996$571$320$162
43 years$2,656$1,607$935$527$291$144
44 years$2,566$1,532$877$487$264$128
45 years$2,481$1,461$824$449$240$114
46 years$2,400$1,393$774$415$218$102
47 years$2,322$1,330$727$384$198$90
48 years$2,248$1,269$683$354$179$80
49 years$2,177$1,212$642$328$163$72
50 years$2,109$1,158$604$303$148$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,160,000, adding $3,723 every year, while hoping to spend $21,474 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: 45/43/12 Blend
64$2,160,000$2,160,000$2,160,000$2,160,000
65$2,384,160$2,269,680$2,236,200$2,483,151
66$2,604,496$2,358,046$2,288,265$2,640,626
67$2,846,587$2,450,023$2,341,354$2,808,802
68$3,112,629$2,545,764$2,395,479$2,990,683
69$3,405,041$2,645,430$2,450,651$3,187,544
70$3,726,489$2,749,190$2,506,882$3,400,783
71$4,079,910$2,857,220$2,564,182$3,631,938
72$4,468,540$2,969,702$2,622,561$3,882,696
73$4,895,943$3,086,830$2,682,029$4,154,915
74$5,366,047$3,208,802$2,742,594$4,450,632
75$5,883,179$3,335,829$2,804,267$4,772,090
76$6,452,107$3,468,128$2,867,053$5,121,752
77$7,078,084$3,605,929$2,930,962$5,502,328
78$7,766,899$3,749,469$2,995,999$5,916,796
79$8,524,929$3,898,999$3,062,171$6,368,432
80$9,359,200$4,054,779$3,129,483$6,860,839
81$10,277,456$4,217,081$3,197,938$7,397,980
82$11,288,229$4,386,190$3,267,541$7,984,216
83$12,400,917$4,562,402$3,338,293$8,624,341
84$13,625,881$4,746,030$3,410,196$9,323,633
85$14,974,533$4,937,398$3,483,250$10,087,900
86$16,459,451$5,136,846$3,557,454$10,923,530
87$18,094,491$5,344,728$3,632,805$11,837,556
88$19,894,926$5,561,416$3,709,300$12,837,718
89$21,877,581$5,787,297$3,786,934$13,932,534
90$24,060,997$6,022,778$3,865,700$15,131,382
91$26,465,608$6,268,283$3,945,589$16,444,583
92$29,113,925$6,524,255$4,026,592$17,883,502
93$32,030,760$6,791,157$4,108,697$19,460,649
94$35,243,448$7,069,475$4,191,889$21,189,797
95$38,782,116$7,359,715$4,276,154$23,086,113
96$42,679,958$7,662,407$4,361,471$25,166,296
97$46,973,556$7,978,107$4,447,823$27,448,732
98$51,703,218$8,307,394$4,535,184$29,953,671
99$56,913,364$8,650,874$4,623,530$32,703,411
100$62,652,941$9,009,182$4,712,833$35,722,507