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%16.4%
1 years$178,371$176,782$175,232$173,719$172,241$167,737
2 years$88,302$86,658$85,064$83,519$82,020$77,513
3 years$58,283$56,632$55,042$53,511$52,037$47,668
4 years$43,277$41,630$40,057$38,552$37,113$32,916
5 years$34,275$32,639$31,085$29,611$28,213$24,198
6 years$28,276$26,652$25,122$23,681$22,324$18,497
7 years$23,993$22,382$20,876$19,469$18,155$14,515
8 years$20,782$19,186$17,705$16,332$15,061$11,607
9 years$18,286$16,705$15,249$13,911$12,684$9,412
10 years$16,290$14,724$13,294$11,992$10,807$7,714
11 years$14,658$13,108$11,704$10,436$9,295$6,376
12 years$13,299$11,765$10,387$9,154$8,055$5,304
13 years$12,150$10,632$9,280$8,082$7,024$4,436
14 years$11,166$9,664$8,338$7,174$6,157$3,727
15 years$10,314$8,829$7,528$6,398$5,421$3,142
16 years$9,570$8,100$6,826$5,729$4,791$2,656
17 years$8,913$7,460$6,211$5,147$4,248$2,251
18 years$8,330$6,893$5,670$4,639$3,777$1,912
19 years$7,809$6,389$5,191$4,191$3,367$1,627
20 years$7,341$5,937$4,764$3,796$3,007$1,386
21 years$6,918$5,530$4,382$3,445$2,691$1,182
22 years$6,534$5,162$4,038$3,133$2,412$1,010
23 years$6,184$4,828$3,729$2,853$2,165$863
24 years$5,863$4,523$3,448$2,602$1,946$738
25 years$5,569$4,245$3,194$2,376$1,751$632
26 years$5,297$3,990$2,962$2,173$1,578$541
27 years$5,047$3,755$2,751$1,989$1,422$463
28 years$4,814$3,538$2,557$1,822$1,283$397
29 years$4,598$3,338$2,380$1,671$1,159$341
30 years$4,397$3,152$2,216$1,533$1,047$292
31 years$4,209$2,980$2,066$1,408$947$251
32 years$4,033$2,819$1,928$1,294$856$215
33 years$3,868$2,670$1,800$1,190$775$184
34 years$3,713$2,531$1,682$1,095$702$158
35 years$3,568$2,400$1,573$1,008$636$136
36 years$3,431$2,278$1,471$928$576$117
37 years$3,301$2,164$1,377$855$522$100
38 years$3,179$2,056$1,289$788$473$86
39 years$3,063$1,955$1,208$727$429$74
40 years$2,953$1,860$1,132$671$389$63
41 years$2,849$1,771$1,062$619$353$54
42 years$2,750$1,687$996$571$320$47
43 years$2,656$1,607$935$527$291$40
44 years$2,566$1,532$877$487$264$35
45 years$2,481$1,461$824$449$240$30
46 years$2,400$1,393$774$415$218$25
47 years$2,322$1,330$727$384$198$22
48 years$2,248$1,269$683$354$179$19
49 years$2,177$1,212$642$328$163$16
50 years$2,109$1,158$604$303$148$14

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 $6,731 every year, while hoping to spend $24,456 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: 80/5/15 Blend
64$2,160,000$2,160,000$2,160,000$2,160,000
65$2,387,263$2,272,783$2,239,303$2,570,348
66$2,604,743$2,358,128$2,288,299$2,777,086
67$2,843,586$2,446,836$2,338,116$3,000,099
68$3,105,946$2,539,045$2,388,757$3,244,158
69$3,394,194$2,634,900$2,440,222$3,511,361
70$3,710,944$2,734,552$2,492,511$3,804,021
71$4,059,074$2,838,159$2,545,625$4,124,683
72$4,441,757$2,945,886$2,599,560$4,476,153
73$4,862,486$3,057,904$2,654,315$4,861,520
74$5,325,111$3,174,393$2,709,886$5,284,185
75$5,833,873$3,295,539$2,766,269$5,747,898
76$6,393,445$3,421,538$2,823,456$6,256,788
77$7,008,977$3,552,593$2,881,441$6,815,403
78$7,686,139$3,688,917$2,940,216$7,428,754
79$8,431,183$3,830,731$2,999,771$8,102,361
80$9,250,994$3,978,268$3,060,094$8,842,306
81$10,153,161$4,131,769$3,121,173$9,655,288
82$11,146,043$4,291,486$3,182,992$10,548,691
83$12,238,854$4,457,682$3,245,537$11,530,645
84$13,441,742$4,630,634$3,308,787$12,610,112
85$14,765,893$4,810,628$3,372,724$13,796,963
86$16,223,629$4,997,964$3,437,326$15,102,076
87$17,828,530$5,192,955$3,502,568$16,537,434
88$19,595,560$5,395,929$3,568,423$18,116,242
89$21,541,204$5,607,227$3,634,862$19,853,049
90$23,683,631$5,827,206$3,701,855$21,763,885
91$26,042,861$6,056,238$3,769,366$23,866,415
92$28,640,952$6,294,713$3,837,359$26,180,099
93$31,502,213$6,543,038$3,905,794$28,726,384
94$34,653,429$6,801,636$3,974,628$31,528,899
95$38,124,115$7,070,953$4,043,815$34,613,681
96$41,946,796$7,351,451$4,113,304$38,009,421
97$46,157,313$7,643,616$4,183,043$41,747,733
98$50,795,158$7,947,953$4,252,975$45,863,452
99$55,903,853$8,264,991$4,323,038$50,394,965
100$61,531,353$8,595,283$4,393,167$55,384,568