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

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$178,371$176,782$175,232$173,719$172,241$167,332
2 years$88,302$86,658$85,064$83,519$82,020$77,111
3 years$58,283$56,632$55,042$53,511$52,037$47,283
4 years$43,277$41,630$40,057$38,552$37,113$32,552
5 years$34,275$32,639$31,085$29,611$28,213$23,855
6 years$28,276$26,652$25,122$23,681$22,324$18,175
7 years$23,993$22,382$20,876$19,469$18,155$14,214
8 years$20,782$19,186$17,705$16,332$15,061$11,327
9 years$18,286$16,705$15,249$13,911$12,684$9,151
10 years$16,290$14,724$13,294$11,992$10,807$7,472
11 years$14,658$13,108$11,704$10,436$9,295$6,152
12 years$13,299$11,765$10,387$9,154$8,055$5,098
13 years$12,150$10,632$9,280$8,082$7,024$4,247
14 years$11,166$9,664$8,338$7,174$6,157$3,552
15 years$10,314$8,829$7,528$6,398$5,421$2,982
16 years$9,570$8,100$6,826$5,729$4,791$2,511
17 years$8,913$7,460$6,211$5,147$4,248$2,119
18 years$8,330$6,893$5,670$4,639$3,777$1,791
19 years$7,809$6,389$5,191$4,191$3,367$1,517
20 years$7,341$5,937$4,764$3,796$3,007$1,287
21 years$6,918$5,530$4,382$3,445$2,691$1,093
22 years$6,534$5,162$4,038$3,133$2,412$929
23 years$6,184$4,828$3,729$2,853$2,165$790
24 years$5,863$4,523$3,448$2,602$1,946$673
25 years$5,569$4,245$3,194$2,376$1,751$573
26 years$5,297$3,990$2,962$2,173$1,578$488
27 years$5,047$3,755$2,751$1,989$1,422$416
28 years$4,814$3,538$2,557$1,822$1,283$355
29 years$4,598$3,338$2,380$1,671$1,159$303
30 years$4,397$3,152$2,216$1,533$1,047$258
31 years$4,209$2,980$2,066$1,408$947$221
32 years$4,033$2,819$1,928$1,294$856$188
33 years$3,868$2,670$1,800$1,190$775$161
34 years$3,713$2,531$1,682$1,095$702$137
35 years$3,568$2,400$1,573$1,008$636$117
36 years$3,431$2,278$1,471$928$576$100
37 years$3,301$2,164$1,377$855$522$86
38 years$3,179$2,056$1,289$788$473$73
39 years$3,063$1,955$1,208$727$429$62
40 years$2,953$1,860$1,132$671$389$53
41 years$2,849$1,771$1,062$619$353$46
42 years$2,750$1,687$996$571$320$39
43 years$2,656$1,607$935$527$291$33
44 years$2,566$1,532$877$487$264$28
45 years$2,481$1,461$824$449$240$24
46 years$2,400$1,393$774$415$218$21
47 years$2,322$1,330$727$384$198$18
48 years$2,248$1,269$683$354$179$15
49 years$2,177$1,212$642$328$163$13
50 years$2,109$1,158$604$303$148$11

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 $5,236 every year, while hoping to spend $46,792 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: 70/7/23 Blend
64$2,160,000$2,160,000$2,160,000$2,160,000
65$2,385,721$2,271,241$2,237,761$2,538,604
66$2,579,278$2,332,745$2,262,940$2,702,970
67$2,791,010$2,395,695$2,287,393$2,876,864
68$3,022,721$2,460,112$2,311,049$3,066,093
69$3,276,397$2,526,017$2,333,828$3,272,171
70$3,554,228$2,593,429$2,355,649$3,496,768
71$3,858,621$2,662,370$2,376,426$3,741,725
72$4,192,232$2,732,857$2,396,068$4,009,068
73$4,557,982$2,804,910$2,414,478$4,301,031
74$4,959,090$2,878,544$2,431,557$4,620,073
75$5,399,101$2,953,776$2,447,198$4,968,905
76$5,881,919$3,030,622$2,461,289$5,350,515
77$6,411,847$3,109,094$2,473,714$5,768,194
78$6,993,622$3,189,206$2,484,350$6,225,567
79$7,632,462$3,270,968$2,493,066$6,726,632
80$8,334,117$3,354,389$2,499,728$7,275,792
81$9,104,919$3,439,477$2,504,192$7,877,898
82$9,951,847$3,526,237$2,506,307$8,538,297
83$10,882,585$3,614,672$2,505,918$9,262,882
84$11,905,601$3,704,783$2,502,859$10,058,146
85$13,030,224$3,796,570$2,496,957$10,931,243
86$14,266,732$3,890,026$2,488,030$11,890,059
87$15,626,447$3,985,146$2,475,887$12,943,283
88$17,121,845$4,081,919$2,460,330$14,100,489
89$18,766,671$4,180,331$2,441,149$15,372,231
90$20,576,069$4,280,365$2,418,125$16,770,137
91$22,566,725$4,381,999$2,391,029$18,307,023
92$24,757,022$4,485,208$2,359,619$19,997,012
93$27,167,216$4,589,961$2,323,645$21,855,667
94$29,819,627$4,696,225$2,282,842$23,900,140
95$32,738,847$4,803,958$2,236,935$26,149,333
96$35,951,973$4,913,115$2,185,635$28,624,077
97$39,488,860$5,023,644$2,128,641$31,347,329
98$43,382,409$5,135,487$2,065,635$34,344,386
99$47,668,868$5,248,579$1,996,287$37,643,131
100$52,388,182$5,362,849$1,920,253$41,274,287