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

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$180,848$179,237$177,666$176,132$174,634$173,898
2 years$89,529$87,861$86,245$84,679$83,159$82,416
3 years$59,093$57,418$55,807$54,254$52,759$52,033
4 years$43,878$42,209$40,613$39,087$37,628$36,923
5 years$34,751$33,092$31,517$30,023$28,605$27,923
6 years$28,669$27,022$25,471$24,009$22,634$21,977
7 years$24,326$22,693$21,166$19,739$18,407$17,775
8 years$21,071$19,452$17,951$16,559$15,271$14,663
9 years$18,540$16,937$15,461$14,105$12,860$12,277
10 years$16,516$14,929$13,479$12,158$10,957$10,399
11 years$14,862$13,290$11,867$10,581$9,424$8,890
12 years$13,484$11,929$10,531$9,281$8,166$7,656
13 years$12,319$10,780$9,409$8,194$7,121$6,634
14 years$11,321$9,799$8,454$7,274$6,242$5,778
15 years$10,458$8,951$7,633$6,487$5,496$5,054
16 years$9,703$8,213$6,920$5,808$4,858$4,437
17 years$9,037$7,564$6,297$5,219$4,307$3,908
18 years$8,446$6,989$5,749$4,703$3,830$3,451
19 years$7,918$6,477$5,263$4,250$3,414$3,054
20 years$7,443$6,019$4,830$3,849$3,049$2,709
21 years$7,014$5,607$4,442$3,493$2,729$2,406
22 years$6,625$5,234$4,094$3,176$2,446$2,141
23 years$6,270$4,895$3,780$2,892$2,195$1,908
24 years$5,945$4,586$3,496$2,638$1,973$1,702
25 years$5,646$4,304$3,238$2,409$1,776$1,520
26 years$5,371$4,045$3,003$2,203$1,599$1,359
27 years$5,117$3,807$2,789$2,016$1,442$1,215
28 years$4,881$3,587$2,593$1,847$1,301$1,088
29 years$4,662$3,384$2,413$1,694$1,175$975
30 years$4,458$3,196$2,247$1,555$1,062$874
31 years$4,267$3,021$2,095$1,428$960$784
32 years$4,089$2,859$1,955$1,312$868$703
33 years$3,922$2,707$1,825$1,207$786$631
34 years$3,765$2,566$1,705$1,110$711$567
35 years$3,617$2,434$1,594$1,022$644$509
36 years$3,478$2,310$1,491$941$584$457
37 years$3,347$2,194$1,396$867$529$411
38 years$3,223$2,085$1,307$799$480$370
39 years$3,105$1,983$1,225$737$435$332
40 years$2,994$1,886$1,148$680$395$299
41 years$2,888$1,795$1,076$627$358$269
42 years$2,788$1,710$1,010$579$325$242
43 years$2,693$1,629$948$534$295$218
44 years$2,602$1,553$889$493$268$196
45 years$2,516$1,481$835$456$243$176
46 years$2,433$1,413$784$421$221$159
47 years$2,354$1,348$737$389$200$143
48 years$2,279$1,287$692$359$182$129
49 years$2,207$1,229$651$332$165$116
50 years$2,138$1,174$612$307$150$104

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 $2,576 every year, while hoping to spend $46,467 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: 64/23/13 Blend
64$2,190,000$2,190,000$2,190,000$2,190,000
65$2,416,037$2,299,967$2,266,022$2,563,132
66$2,613,032$2,363,225$2,292,493$2,725,103
67$2,828,564$2,428,025$2,318,294$2,896,339
68$3,064,473$2,494,394$2,343,352$3,082,231
69$3,322,788$2,562,358$2,367,593$3,284,204
70$3,605,742$2,631,943$2,390,937$3,503,829
71$3,915,794$2,703,174$2,413,300$3,742,836
72$4,255,652$2,776,078$2,434,593$4,003,128
73$4,628,301$2,850,677$2,454,724$4,286,805
74$5,037,024$2,926,997$2,473,594$4,596,175
75$5,485,441$3,005,061$2,491,100$4,933,783
76$5,977,538$3,084,891$2,507,134$5,302,430
77$6,517,706$3,166,509$2,521,582$5,705,205
78$7,110,780$3,249,936$2,534,322$6,145,505
79$7,762,087$3,335,191$2,545,230$6,627,077
80$8,477,498$3,422,293$2,554,173$7,154,047
81$9,263,476$3,511,259$2,561,011$7,730,960
82$10,127,144$3,602,104$2,565,599$8,362,823
83$11,076,348$3,694,842$2,567,782$9,055,153
84$12,119,733$3,789,487$2,567,399$9,814,028
85$13,266,821$3,886,047$2,564,282$10,646,145
86$14,528,104$3,984,531$2,558,254$11,558,881
87$15,915,143$4,084,945$2,549,127$12,560,366
88$17,440,672$4,187,292$2,536,708$13,659,558
89$19,118,724$4,291,573$2,520,791$14,866,325
90$20,964,759$4,397,785$2,501,163$16,191,543
91$22,995,812$4,505,924$2,477,599$17,647,194
92$25,230,650$4,615,980$2,449,864$19,246,481
93$27,689,954$4,727,940$2,417,712$21,003,954
94$30,396,509$4,841,788$2,380,884$22,935,644
95$33,375,420$4,957,504$2,339,112$25,059,217
96$36,654,353$5,075,061$2,292,112$27,394,141
97$40,263,788$5,194,430$2,239,589$29,961,866
98$44,237,312$5,315,575$2,181,232$32,786,031
99$48,611,934$5,438,454$2,116,720$35,892,683
100$53,428,433$5,563,020$2,045,712$39,310,529