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

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$179,197$177,600$176,043$174,523$173,039$168,787
2 years$88,711$87,059$85,458$83,905$82,399$78,142
3 years$58,553$56,894$55,297$53,759$52,278$48,148
4 years$43,477$41,823$40,242$38,730$37,285$33,314
5 years$34,434$32,790$31,229$29,749$28,343$24,543
6 years$28,407$26,775$25,238$23,790$22,427$18,801
7 years$24,104$22,486$20,973$19,559$18,239$14,788
8 years$20,878$19,275$17,787$16,408$15,131$11,853
9 years$18,370$16,782$15,320$13,976$12,743$9,635
10 years$16,365$14,793$13,356$12,047$10,857$7,916
11 years$14,726$13,169$11,758$10,485$9,338$6,559
12 years$13,361$11,820$10,435$9,196$8,092$5,471
13 years$12,207$10,682$9,323$8,119$7,056$4,588
14 years$11,218$9,709$8,377$7,207$6,185$3,865
15 years$10,362$8,870$7,563$6,428$5,446$3,267
16 years$9,614$8,138$6,857$5,755$4,813$2,770
17 years$8,954$7,494$6,240$5,171$4,268$2,355
18 years$8,369$6,925$5,696$4,660$3,795$2,006
19 years$7,846$6,418$5,215$4,211$3,382$1,712
20 years$7,375$5,964$4,786$3,814$3,021$1,463
21 years$6,950$5,555$4,402$3,461$2,704$1,252
22 years$6,564$5,186$4,057$3,147$2,423$1,072
23 years$6,212$4,850$3,746$2,866$2,175$919
24 years$5,890$4,544$3,464$2,614$1,955$789
25 years$5,595$4,265$3,209$2,387$1,759$677
26 years$5,322$4,008$2,976$2,183$1,585$582
27 years$5,070$3,772$2,763$1,998$1,429$500
28 years$4,836$3,554$2,569$1,831$1,289$430
29 years$4,619$3,353$2,391$1,679$1,164$370
30 years$4,417$3,167$2,227$1,541$1,052$318
31 years$4,228$2,994$2,076$1,415$951$274
32 years$4,052$2,832$1,937$1,300$860$236
33 years$3,886$2,682$1,808$1,196$779$203
34 years$3,731$2,542$1,690$1,100$705$175
35 years$3,584$2,411$1,580$1,013$638$151
36 years$3,446$2,289$1,478$933$578$130
37 years$3,316$2,174$1,383$859$524$112
38 years$3,193$2,066$1,295$792$475$96
39 years$3,077$1,964$1,214$730$431$83
40 years$2,967$1,869$1,138$674$391$71
41 years$2,862$1,779$1,067$622$355$62
42 years$2,763$1,694$1,001$574$322$53
43 years$2,668$1,614$939$530$292$46
44 years$2,578$1,539$881$489$265$39
45 years$2,493$1,467$827$452$241$34
46 years$2,411$1,400$777$417$219$29
47 years$2,333$1,336$730$385$198$25
48 years$2,258$1,275$686$356$180$22
49 years$2,187$1,218$645$329$164$19
50 years$2,119$1,163$606$304$149$16

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 $5,056 every year, while hoping to spend $52,875 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: 51/37/12 Blend
64$2,170,000$2,170,000$2,170,000$2,170,000
65$2,396,555$2,281,545$2,247,910$2,510,847
66$2,584,745$2,337,082$2,266,957$2,645,091
67$2,790,359$2,393,569$2,284,869$2,784,927
68$3,015,116$2,450,995$2,301,553$2,935,739
69$3,260,914$2,509,349$2,316,911$3,098,576
70$3,529,838$2,568,618$2,330,838$3,274,592
71$3,824,186$2,628,785$2,343,226$3,465,059
72$4,146,488$2,689,831$2,353,959$3,671,378
73$4,499,531$2,751,733$2,362,918$3,895,090
74$4,886,382$2,814,467$2,369,974$4,137,895
75$5,310,420$2,878,003$2,374,996$4,401,665
76$5,775,368$2,942,310$2,377,843$4,688,461
77$6,285,324$3,007,352$2,378,369$5,000,556
78$6,844,802$3,073,088$2,376,420$5,340,451
79$7,458,777$3,139,473$2,371,835$5,710,905
80$8,132,724$3,206,460$2,364,444$6,114,957
81$8,872,679$3,273,993$2,354,069$6,555,954
82$9,685,287$3,342,014$2,340,525$7,037,586
83$10,577,870$3,410,456$2,323,617$7,563,920
84$11,558,495$3,479,250$2,303,139$8,139,434
85$12,636,046$3,548,318$2,278,879$8,769,068
86$13,820,312$3,617,576$2,250,612$9,458,261
87$15,122,079$3,686,931$2,218,102$10,213,012
88$16,553,226$3,756,287$2,181,104$11,039,928
89$18,126,845$3,825,534$2,139,360$11,946,293
90$19,857,356$3,894,559$2,092,602$12,940,135
91$21,760,649$3,963,235$2,040,547$14,030,299
92$23,854,230$4,031,428$1,982,900$15,226,538
93$26,157,387$4,098,993$1,919,353$16,539,595
94$28,691,372$4,165,775$1,849,582$17,981,316
95$31,479,600$4,231,607$1,773,251$19,564,754
96$34,547,871$4,296,307$1,690,007$21,304,295
97$37,924,613$4,359,685$1,599,481$23,215,796
98$41,641,147$4,421,533$1,501,287$25,316,734
99$45,731,987$4,481,631$1,395,023$27,626,369
100$50,235,160$4,539,742$1,280,267$30,165,931