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%13.3%
1 years$179,197$177,600$176,043$174,523$173,039$170,664
2 years$88,711$87,059$85,458$83,905$82,399$80,011
3 years$58,553$56,894$55,297$53,759$52,278$49,950
4 years$43,477$41,823$40,242$38,730$37,285$35,036
5 years$34,434$32,790$31,229$29,749$28,343$26,180
6 years$28,407$26,775$25,238$23,790$22,427$20,351
7 years$24,104$22,486$20,973$19,559$18,239$16,252
8 years$20,878$19,275$17,787$16,408$15,131$13,232
9 years$18,370$16,782$15,320$13,976$12,743$10,931
10 years$16,365$14,793$13,356$12,047$10,857$9,131
11 years$14,726$13,169$11,758$10,485$9,338$7,696
12 years$13,361$11,820$10,435$9,196$8,092$6,533
13 years$12,207$10,682$9,323$8,119$7,056$5,577
14 years$11,218$9,709$8,377$7,207$6,185$4,785
15 years$10,362$8,870$7,563$6,428$5,446$4,121
16 years$9,614$8,138$6,857$5,755$4,813$3,561
17 years$8,954$7,494$6,240$5,171$4,268$3,086
18 years$8,369$6,925$5,696$4,660$3,795$2,681
19 years$7,846$6,418$5,215$4,211$3,382$2,334
20 years$7,375$5,964$4,786$3,814$3,021$2,036
21 years$6,950$5,555$4,402$3,461$2,704$1,778
22 years$6,564$5,186$4,057$3,147$2,423$1,555
23 years$6,212$4,850$3,746$2,866$2,175$1,361
24 years$5,890$4,544$3,464$2,614$1,955$1,193
25 years$5,595$4,265$3,209$2,387$1,759$1,047
26 years$5,322$4,008$2,976$2,183$1,585$919
27 years$5,070$3,772$2,763$1,998$1,429$807
28 years$4,836$3,554$2,569$1,831$1,289$709
29 years$4,619$3,353$2,391$1,679$1,164$624
30 years$4,417$3,167$2,227$1,541$1,052$549
31 years$4,228$2,994$2,076$1,415$951$483
32 years$4,052$2,832$1,937$1,300$860$425
33 years$3,886$2,682$1,808$1,196$779$375
34 years$3,731$2,542$1,690$1,100$705$330
35 years$3,584$2,411$1,580$1,013$638$291
36 years$3,446$2,289$1,478$933$578$256
37 years$3,316$2,174$1,383$859$524$226
38 years$3,193$2,066$1,295$792$475$199
39 years$3,077$1,964$1,214$730$431$176
40 years$2,967$1,869$1,138$674$391$155
41 years$2,862$1,779$1,067$622$355$137
42 years$2,763$1,694$1,001$574$322$120
43 years$2,668$1,614$939$530$292$106
44 years$2,578$1,539$881$489$265$94
45 years$2,493$1,467$827$452$241$83
46 years$2,411$1,400$777$417$219$73
47 years$2,333$1,336$730$385$198$64
48 years$2,258$1,275$686$356$180$57
49 years$2,187$1,218$645$329$164$50
50 years$2,119$1,163$606$304$149$44

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 $2,920 every year, while hoping to spend $37,833 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: 74/18/8 Blend
64$2,170,000$2,170,000$2,170,000$2,170,000
65$2,394,352$2,279,342$2,245,707$2,568,345
66$2,598,322$2,350,776$2,280,684$2,754,821
67$2,821,829$2,424,442$2,315,565$2,953,990
68$3,066,825$2,500,409$2,350,307$3,171,111
69$3,335,462$2,578,750$2,384,863$3,407,946
70$3,630,109$2,659,538$2,419,185$3,666,437
71$3,953,374$2,742,850$2,453,221$3,948,723
72$4,308,131$2,828,762$2,486,917$4,257,157
73$4,697,546$2,917,357$2,520,215$4,594,332
74$5,125,106$3,008,718$2,553,052$4,963,101
75$5,594,652$3,102,930$2,585,365$5,366,609
76$6,110,415$3,200,083$2,617,083$5,808,316
77$6,677,057$3,300,267$2,648,136$6,292,036
78$7,299,714$3,403,576$2,678,444$6,821,968
79$7,984,041$3,510,108$2,707,929$7,402,736
80$8,736,272$3,619,963$2,736,503$8,039,436
81$9,563,273$3,733,242$2,764,078$8,737,678
82$10,472,610$3,850,054$2,790,557$9,503,645
83$11,472,616$3,970,506$2,815,840$10,344,145
84$12,572,474$4,094,712$2,839,822$11,266,680
85$13,782,302$4,222,788$2,862,392$12,279,513
86$15,113,246$4,354,855$2,883,432$13,391,746
87$16,577,589$4,491,034$2,902,818$14,613,410
88$18,188,863$4,631,455$2,920,423$15,955,553
89$19,961,978$4,776,247$2,936,108$17,430,348
90$21,913,363$4,925,547$2,949,731$19,051,205
91$24,061,121$5,079,493$2,961,141$20,832,902
92$26,425,196$5,238,229$2,970,180$22,791,718
93$29,027,567$5,401,903$2,976,682$24,945,589
94$31,892,450$5,570,668$2,980,473$27,314,278
95$35,046,530$5,744,680$2,981,368$29,919,561
96$38,519,209$5,924,102$2,979,177$32,785,429
97$42,342,886$6,109,101$2,973,697$35,938,319
98$46,553,261$6,299,848$2,964,717$39,407,359
99$51,189,674$6,496,521$2,952,016$43,224,645
100$56,295,473$6,699,303$2,935,360$47,425,540