Can I retire at age 65 with 2,170,000?

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$179,197$177,600$176,043$174,523$173,039$167,232
2 years$88,711$87,059$85,458$83,905$82,399$76,607
3 years$58,553$56,894$55,297$53,759$52,278$46,680
4 years$43,477$41,823$40,242$38,730$37,285$31,926
5 years$34,434$32,790$31,229$29,749$28,343$23,237
6 years$28,407$26,775$25,238$23,790$22,427$17,578
7 years$24,104$22,486$20,973$19,559$18,239$13,646
8 years$20,878$19,275$17,787$16,408$15,131$10,791
9 years$18,370$16,782$15,320$13,976$12,743$8,650
10 years$16,365$14,793$13,356$12,047$10,857$7,006
11 years$14,726$13,169$11,758$10,485$9,338$5,719
12 years$13,361$11,820$10,435$9,196$8,092$4,699
13 years$12,207$10,682$9,323$8,119$7,056$3,880
14 years$11,218$9,709$8,377$7,207$6,185$3,217
15 years$10,362$8,870$7,563$6,428$5,446$2,675
16 years$9,614$8,138$6,857$5,755$4,813$2,231
17 years$8,954$7,494$6,240$5,171$4,268$1,865
18 years$8,369$6,925$5,696$4,660$3,795$1,562
19 years$7,846$6,418$5,215$4,211$3,382$1,310
20 years$7,375$5,964$4,786$3,814$3,021$1,100
21 years$6,950$5,555$4,402$3,461$2,704$925
22 years$6,564$5,186$4,057$3,147$2,423$778
23 years$6,212$4,850$3,746$2,866$2,175$655
24 years$5,890$4,544$3,464$2,614$1,955$552
25 years$5,595$4,265$3,209$2,387$1,759$465
26 years$5,322$4,008$2,976$2,183$1,585$392
27 years$5,070$3,772$2,763$1,998$1,429$331
28 years$4,836$3,554$2,569$1,831$1,289$279
29 years$4,619$3,353$2,391$1,679$1,164$236
30 years$4,417$3,167$2,227$1,541$1,052$199
31 years$4,228$2,994$2,076$1,415$951$168
32 years$4,052$2,832$1,937$1,300$860$142
33 years$3,886$2,682$1,808$1,196$779$120
34 years$3,731$2,542$1,690$1,100$705$101
35 years$3,584$2,411$1,580$1,013$638$86
36 years$3,446$2,289$1,478$933$578$72
37 years$3,316$2,174$1,383$859$524$61
38 years$3,193$2,066$1,295$792$475$52
39 years$3,077$1,964$1,214$730$431$44
40 years$2,967$1,869$1,138$674$391$37
41 years$2,862$1,779$1,067$622$355$31
42 years$2,763$1,694$1,001$574$322$26
43 years$2,668$1,614$939$530$292$22
44 years$2,578$1,539$881$489$265$19
45 years$2,493$1,467$827$452$241$16
46 years$2,411$1,400$777$417$219$13
47 years$2,333$1,336$730$385$198$11
48 years$2,258$1,275$686$356$180$10
49 years$2,187$1,218$645$329$164$8
50 years$2,119$1,163$606$304$149$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,170,000, adding $6,560 every year, while hoping to spend $28,835 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: 35/43/22 Blend
64$2,170,000$2,170,000$2,170,000$2,170,000
65$2,398,107$2,283,097$2,249,462$2,465,812
66$2,612,033$2,364,288$2,294,138$2,597,507
67$2,846,814$2,448,492$2,339,345$2,736,384
68$3,104,546$2,535,824$2,385,070$2,885,645
69$3,387,537$2,626,408$2,431,298$3,046,231
70$3,698,334$2,720,369$2,478,014$3,219,178
71$4,039,737$2,817,841$2,525,201$3,405,623
72$4,414,836$2,918,960$2,572,840$3,606,814
73$4,827,030$3,023,870$2,620,911$3,824,124
74$5,280,067$3,132,720$2,669,392$4,059,059
75$5,778,075$3,245,665$2,718,258$4,313,277
76$6,325,603$3,362,866$2,767,484$4,588,599
77$6,927,660$3,484,493$2,817,040$4,887,027
78$7,589,768$3,610,719$2,866,898$5,210,763
79$8,318,009$3,741,729$2,917,024$5,562,227
80$9,119,085$3,877,712$2,967,382$5,944,082
81$10,000,377$4,018,867$3,017,936$6,359,257
82$10,970,023$4,165,399$3,068,644$6,810,974
83$12,036,986$4,317,523$3,119,464$7,302,777
84$13,211,141$4,475,465$3,170,349$7,838,566
85$14,503,371$4,639,456$3,221,249$8,422,633
86$15,925,667$4,809,741$3,272,113$9,059,699
87$17,491,240$4,986,573$3,322,883$9,754,963
88$19,214,647$5,170,216$3,373,501$10,514,145
89$21,111,930$5,360,946$3,423,902$11,343,542
90$23,200,764$5,559,049$3,474,019$12,250,085
91$25,500,624$5,764,825$3,523,781$13,241,405
92$28,032,972$5,978,585$3,573,112$14,325,903
93$30,821,454$6,200,655$3,621,931$15,512,829
94$33,892,129$6,431,374$3,670,152$16,812,366
95$37,273,710$6,671,094$3,717,685$18,235,728
96$40,997,836$6,920,186$3,764,436$19,795,263
97$45,099,373$7,179,033$3,810,302$21,504,569
98$49,616,739$7,448,035$3,855,177$23,378,622
99$54,592,268$7,727,611$3,898,948$25,433,911
100$60,072,613$8,018,197$3,941,496$27,688,602