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%18.1%
1 years$180,848$179,237$177,666$176,132$174,634$168,908
2 years$89,529$87,861$86,245$84,679$83,159$77,445
3 years$59,093$57,418$55,807$54,254$52,759$47,237
4 years$43,878$42,209$40,613$39,087$37,628$32,339
5 years$34,751$33,092$31,517$30,023$28,605$23,563
6 years$28,669$27,022$25,471$24,009$22,634$17,844
7 years$24,326$22,693$21,166$19,739$18,407$13,869
8 years$21,071$19,452$17,951$16,559$15,271$10,980
9 years$18,540$16,937$15,461$14,105$12,860$8,812
10 years$16,516$14,929$13,479$12,158$10,957$7,146
11 years$14,862$13,290$11,867$10,581$9,424$5,841
12 years$13,484$11,929$10,531$9,281$8,166$4,805
13 years$12,319$10,780$9,409$8,194$7,121$3,973
14 years$11,321$9,799$8,454$7,274$6,242$3,299
15 years$10,458$8,951$7,633$6,487$5,496$2,748
16 years$9,703$8,213$6,920$5,808$4,858$2,295
17 years$9,037$7,564$6,297$5,219$4,307$1,921
18 years$8,446$6,989$5,749$4,703$3,830$1,611
19 years$7,918$6,477$5,263$4,250$3,414$1,353
20 years$7,443$6,019$4,830$3,849$3,049$1,138
21 years$7,014$5,607$4,442$3,493$2,729$958
22 years$6,625$5,234$4,094$3,176$2,446$808
23 years$6,270$4,895$3,780$2,892$2,195$681
24 years$5,945$4,586$3,496$2,638$1,973$575
25 years$5,646$4,304$3,238$2,409$1,776$485
26 years$5,371$4,045$3,003$2,203$1,599$410
27 years$5,117$3,807$2,789$2,016$1,442$346
28 years$4,881$3,587$2,593$1,847$1,301$293
29 years$4,662$3,384$2,413$1,694$1,175$248
30 years$4,458$3,196$2,247$1,555$1,062$209
31 years$4,267$3,021$2,095$1,428$960$177
32 years$4,089$2,859$1,955$1,312$868$150
33 years$3,922$2,707$1,825$1,207$786$127
34 years$3,765$2,566$1,705$1,110$711$107
35 years$3,617$2,434$1,594$1,022$644$91
36 years$3,478$2,310$1,491$941$584$77
37 years$3,347$2,194$1,396$867$529$65
38 years$3,223$2,085$1,307$799$480$55
39 years$3,105$1,983$1,225$737$435$47
40 years$2,994$1,886$1,148$680$395$39
41 years$2,888$1,795$1,076$627$358$33
42 years$2,788$1,710$1,010$579$325$28
43 years$2,693$1,629$948$534$295$24
44 years$2,602$1,553$889$493$268$20
45 years$2,516$1,481$835$456$243$17
46 years$2,433$1,413$784$421$221$15
47 years$2,354$1,348$737$389$200$12
48 years$2,279$1,287$692$359$182$10
49 years$2,207$1,229$651$332$165$9
50 years$2,138$1,174$612$307$150$7

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 $6,485 every year, while hoping to spend $42,226 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: 65/7/28 Blend
64$2,190,000$2,190,000$2,190,000$2,190,000
65$2,420,069$2,303,999$2,270,054$2,559,057
66$2,621,988$2,371,967$2,301,173$2,721,771
67$2,843,088$2,441,850$2,331,919$2,894,286
68$3,085,279$2,513,698$2,362,235$3,081,932
69$3,350,669$2,587,560$2,392,061$3,286,204
70$3,641,575$2,663,488$2,421,333$3,508,749
71$3,960,551$2,741,535$2,449,983$3,751,380
72$4,310,410$2,821,753$2,477,940$4,016,096
73$4,694,251$2,904,197$2,505,130$4,305,097
74$5,115,484$2,988,922$2,531,471$4,620,810
75$5,577,869$3,075,986$2,556,882$4,965,907
76$6,085,547$3,165,444$2,581,273$5,343,332
77$6,643,079$3,257,357$2,604,551$5,756,329
78$7,255,487$3,351,782$2,626,618$6,208,474
79$7,928,309$3,448,780$2,647,371$6,703,707
80$8,667,640$3,548,414$2,666,701$7,246,367
81$9,480,197$3,650,745$2,684,495$7,841,238
82$10,373,383$3,755,837$2,700,630$8,493,591
83$11,355,348$3,863,753$2,714,982$9,209,235
84$12,435,077$3,974,560$2,727,417$9,994,569
85$13,622,464$4,088,323$2,737,795$10,856,647
86$14,928,414$4,205,109$2,745,969$11,803,242
87$16,364,939$4,324,986$2,751,786$12,842,918
88$17,945,275$4,448,023$2,755,083$13,985,117
89$19,684,005$4,574,289$2,755,691$15,240,238
90$21,597,198$4,703,853$2,753,431$16,619,747
91$23,702,557$4,836,787$2,748,116$18,136,274
92$26,019,590$4,973,162$2,739,550$19,803,743
93$28,569,791$5,113,049$2,727,527$21,637,495
94$31,376,842$5,256,521$2,711,832$23,654,438
95$34,466,840$5,403,650$2,692,238$25,873,204
96$37,868,539$5,554,510$2,668,509$28,314,327
97$41,613,623$5,709,174$2,640,397$31,000,437
98$45,737,003$5,867,715$2,607,642$33,956,470
99$50,277,151$6,030,206$2,569,971$37,209,910
100$55,276,455$6,196,721$2,527,100$40,791,045