Can I retire at age 65 with 2,220,000?

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$183,326$181,693$180,099$178,544$177,026$175,323
2 years$90,755$89,065$87,427$85,839$84,298$82,583
3 years$59,902$58,205$56,571$54,998$53,482$51,807
4 years$44,479$42,787$41,169$39,623$38,144$36,523
5 years$35,228$33,545$31,949$30,434$28,996$27,434
6 years$29,062$27,392$25,820$24,338$22,944$21,441
7 years$24,659$23,004$21,456$20,010$18,660$17,218
8 years$21,359$19,719$18,197$16,786$15,480$14,099
9 years$18,794$17,169$15,673$14,298$13,036$11,716
10 years$16,742$15,133$13,664$12,325$11,108$9,847
11 years$15,065$13,472$12,029$10,726$9,553$8,351
12 years$13,669$12,092$10,676$9,408$8,278$7,133
13 years$12,488$10,928$9,538$8,306$7,219$6,130
14 years$11,477$9,933$8,570$7,373$6,328$5,294
15 years$10,601$9,074$7,738$6,576$5,572$4,591
16 years$9,835$8,325$7,015$5,888$4,924$3,995
17 years$9,161$7,667$6,384$5,290$4,366$3,486
18 years$8,562$7,085$5,827$4,768$3,882$3,050
19 years$8,026$6,566$5,335$4,308$3,460$2,675
20 years$7,545$6,102$4,896$3,902$3,091$2,350
21 years$7,110$5,683$4,503$3,541$2,766$2,068
22 years$6,715$5,305$4,150$3,220$2,479$1,822
23 years$6,356$4,962$3,832$2,932$2,226$1,608
24 years$6,026$4,649$3,544$2,674$2,000$1,420
25 years$5,724$4,363$3,283$2,442$1,800$1,256
26 years$5,445$4,100$3,044$2,233$1,621$1,111
27 years$5,187$3,859$2,827$2,044$1,462$984
28 years$4,948$3,636$2,628$1,873$1,319$872
29 years$4,726$3,430$2,446$1,717$1,191$773
30 years$4,519$3,240$2,278$1,576$1,076$685
31 years$4,326$3,062$2,124$1,448$973$608
32 years$4,145$2,898$1,982$1,330$880$540
33 years$3,976$2,744$1,850$1,223$797$479
34 years$3,817$2,601$1,729$1,126$721$426
35 years$3,667$2,467$1,616$1,036$653$378
36 years$3,526$2,341$1,512$954$592$336
37 years$3,393$2,224$1,415$879$536$299
38 years$3,267$2,113$1,325$810$486$266
39 years$3,148$2,010$1,242$747$441$236
40 years$3,035$1,912$1,164$689$400$210
41 years$2,928$1,820$1,091$636$363$187
42 years$2,826$1,733$1,024$587$329$166
43 years$2,730$1,652$960$542$299$148
44 years$2,638$1,574$902$500$271$132
45 years$2,550$1,501$847$462$246$117
46 years$2,466$1,432$795$427$224$104
47 years$2,387$1,367$747$394$203$93
48 years$2,310$1,305$702$364$184$83
49 years$2,237$1,246$660$337$167$74
50 years$2,167$1,190$620$311$152$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,220,000, adding $6,835 every year, while hoping to spend $21,300 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: 53/21/26 Blend
64$2,220,000$2,220,000$2,220,000$2,220,000
65$2,453,490$2,335,830$2,301,420$2,565,445
66$2,681,083$2,427,623$2,355,855$2,735,392
67$2,931,177$2,523,200$2,411,399$2,917,494
68$3,206,044$2,622,723$2,468,068$3,115,238
69$3,508,187$2,726,364$2,525,875$3,330,128
70$3,840,366$2,834,299$2,584,835$3,563,817
71$4,205,619$2,946,715$2,644,963$3,818,127
72$4,607,294$3,063,806$2,706,271$4,095,058
73$5,049,080$3,185,775$2,768,773$4,396,814
74$5,535,041$3,312,832$2,832,482$4,725,818
75$6,069,655$3,445,201$2,897,410$5,084,738
76$6,657,856$3,583,112$2,963,570$5,476,510
77$7,305,080$3,726,808$3,030,972$5,904,365
78$8,017,317$3,876,540$3,099,628$6,371,861
79$8,801,166$4,032,573$3,169,549$6,882,912
80$9,663,900$4,195,184$3,240,743$7,441,831
81$10,613,530$4,364,661$3,313,221$8,053,362
82$11,658,886$4,541,305$3,386,989$8,722,730
83$12,809,695$4,725,432$3,462,057$9,455,691
84$14,076,678$4,917,372$3,538,429$10,258,577
85$15,471,645$5,117,469$3,616,113$11,138,367
86$17,007,612$5,326,084$3,695,112$12,102,741
87$18,698,921$5,543,594$3,775,430$13,160,161
88$20,561,373$5,770,393$3,857,069$14,319,944
89$22,612,383$6,006,892$3,940,031$15,592,352
90$24,871,139$6,253,523$4,024,316$16,988,686
91$27,358,786$6,510,736$4,109,921$18,521,395
92$30,098,623$6,779,003$4,196,843$20,204,190
93$33,116,324$7,058,816$4,285,079$22,052,175
94$36,440,181$7,350,690$4,374,621$24,081,986
95$40,101,370$7,655,164$4,465,462$26,311,947
96$44,134,246$7,972,804$4,557,591$28,762,245
97$48,576,665$8,304,197$4,650,997$31,455,119
98$53,470,344$8,649,961$4,745,664$34,415,064
99$58,861,252$9,010,743$4,841,577$37,669,067
100$64,800,046$9,387,215$4,938,716$41,246,860