Can I retire at age 65 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$180,848$179,237$177,666$176,132$174,634$169,861
2 years$89,529$87,861$86,245$84,679$83,159$78,385
3 years$59,093$57,418$55,807$54,254$52,759$48,134
4 years$43,878$42,209$40,613$39,087$37,628$33,188
5 years$34,751$33,092$31,517$30,023$28,605$24,360
6 years$28,669$27,022$25,471$24,009$22,634$18,590
7 years$24,326$22,693$21,166$19,739$18,407$14,564
8 years$21,071$19,452$17,951$16,559$15,271$11,625
9 years$18,540$16,937$15,461$14,105$12,860$9,410
10 years$16,516$14,929$13,479$12,158$10,957$7,698
11 years$14,862$13,290$11,867$10,581$9,424$6,350
12 years$13,484$11,929$10,531$9,281$8,166$5,272
13 years$12,319$10,780$9,409$8,194$7,121$4,401
14 years$11,321$9,799$8,454$7,274$6,242$3,689
15 years$10,458$8,951$7,633$6,487$5,496$3,103
16 years$9,703$8,213$6,920$5,808$4,858$2,618
17 years$9,037$7,564$6,297$5,219$4,307$2,214
18 years$8,446$6,989$5,749$4,703$3,830$1,877
19 years$7,918$6,477$5,263$4,250$3,414$1,593
20 years$7,443$6,019$4,830$3,849$3,049$1,354
21 years$7,014$5,607$4,442$3,493$2,729$1,152
22 years$6,625$5,234$4,094$3,176$2,446$982
23 years$6,270$4,895$3,780$2,892$2,195$837
24 years$5,945$4,586$3,496$2,638$1,973$714
25 years$5,646$4,304$3,238$2,409$1,776$610
26 years$5,371$4,045$3,003$2,203$1,599$521
27 years$5,117$3,807$2,789$2,016$1,442$445
28 years$4,881$3,587$2,593$1,847$1,301$381
29 years$4,662$3,384$2,413$1,694$1,175$326
30 years$4,458$3,196$2,247$1,555$1,062$279
31 years$4,267$3,021$2,095$1,428$960$238
32 years$4,089$2,859$1,955$1,312$868$204
33 years$3,922$2,707$1,825$1,207$786$175
34 years$3,765$2,566$1,705$1,110$711$150
35 years$3,617$2,434$1,594$1,022$644$128
36 years$3,478$2,310$1,491$941$584$110
37 years$3,347$2,194$1,396$867$529$94
38 years$3,223$2,085$1,307$799$480$80
39 years$3,105$1,983$1,225$737$435$69
40 years$2,994$1,886$1,148$680$395$59
41 years$2,888$1,795$1,076$627$358$51
42 years$2,788$1,710$1,010$579$325$43
43 years$2,693$1,629$948$534$295$37
44 years$2,602$1,553$889$493$268$32
45 years$2,516$1,481$835$456$243$27
46 years$2,433$1,413$784$421$221$23
47 years$2,354$1,348$737$389$200$20
48 years$2,279$1,287$692$359$182$17
49 years$2,207$1,229$651$332$165$15
50 years$2,138$1,174$612$307$150$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,190,000, adding $2,492 every year, while hoping to spend $35,997 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: 41/42/17 Blend
64$2,190,000$2,190,000$2,190,000$2,190,000
65$2,415,950$2,299,880$2,265,935$2,502,795
66$2,624,077$2,374,274$2,303,544$2,638,997
67$2,852,226$2,451,107$2,341,206$2,782,630
68$3,102,401$2,530,459$2,378,884$2,937,330
69$3,376,811$2,612,417$2,416,542$3,104,126
70$3,677,887$2,697,066$2,454,137$3,284,148
71$4,008,306$2,784,497$2,491,625$3,478,638
72$4,371,019$2,874,803$2,528,961$3,688,962
73$4,769,276$2,968,082$2,566,094$3,916,622
74$5,206,656$3,064,432$2,602,972$4,163,270
75$5,687,103$3,163,956$2,639,539$4,430,724
76$6,214,960$3,266,763$2,675,737$4,720,984
77$6,795,014$3,372,962$2,711,501$5,036,248
78$7,432,536$3,482,668$2,746,767$5,378,939
79$8,133,334$3,595,999$2,781,464$5,751,721
80$8,903,809$3,713,077$2,815,518$6,157,525
81$9,751,010$3,834,030$2,848,850$6,599,580
82$10,682,704$3,958,989$2,881,377$7,081,438
83$11,707,449$4,088,089$2,913,013$7,607,010
84$12,834,674$4,221,470$2,943,664$8,180,603
85$14,074,768$4,359,279$2,973,234$8,806,957
86$15,439,176$4,501,666$3,001,619$9,491,292
87$16,940,511$4,648,786$3,028,712$10,239,356
88$18,592,668$4,800,801$3,054,399$11,057,479
89$20,410,958$4,957,879$3,078,559$11,952,631
90$22,412,251$5,120,190$3,101,066$12,932,489
91$24,615,137$5,287,915$3,121,788$14,005,506
92$27,040,097$5,461,240$3,140,584$15,180,996
93$29,709,701$5,640,354$3,157,308$16,469,213
94$32,648,817$5,825,459$3,171,804$17,881,454
95$35,884,848$6,016,758$3,183,911$19,430,164
96$39,447,989$6,214,465$3,193,458$21,129,047
97$43,371,510$6,418,801$3,200,266$22,993,203
98$47,692,076$6,629,993$3,204,147$25,039,265
99$52,450,084$6,848,280$3,204,902$27,285,555
100$57,690,052$7,073,905$3,202,326$29,752,259