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

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$183,326$181,693$180,099$178,544$177,026$174,452
2 years$90,755$89,065$87,427$85,839$84,298$81,711
3 years$59,902$58,205$56,571$54,998$53,482$50,961
4 years$44,479$42,787$41,169$39,623$38,144$35,709
5 years$35,228$33,545$31,949$30,434$28,996$26,655
6 years$29,062$27,392$25,820$24,338$22,944$20,698
7 years$24,659$23,004$21,456$20,010$18,660$16,510
8 years$21,359$19,719$18,197$16,786$15,480$13,427
9 years$18,794$17,169$15,673$14,298$13,036$11,079
10 years$16,742$15,133$13,664$12,325$11,108$9,244
11 years$15,065$13,472$12,029$10,726$9,553$7,781
12 years$13,669$12,092$10,676$9,408$8,278$6,596
13 years$12,488$10,928$9,538$8,306$7,219$5,624
14 years$11,477$9,933$8,570$7,373$6,328$4,818
15 years$10,601$9,074$7,738$6,576$5,572$4,145
16 years$9,835$8,325$7,015$5,888$4,924$3,577
17 years$9,161$7,667$6,384$5,290$4,366$3,095
18 years$8,562$7,085$5,827$4,768$3,882$2,685
19 years$8,026$6,566$5,335$4,308$3,460$2,334
20 years$7,545$6,102$4,896$3,902$3,091$2,033
21 years$7,110$5,683$4,503$3,541$2,766$1,773
22 years$6,715$5,305$4,150$3,220$2,479$1,548
23 years$6,356$4,962$3,832$2,932$2,226$1,353
24 years$6,026$4,649$3,544$2,674$2,000$1,184
25 years$5,724$4,363$3,283$2,442$1,800$1,037
26 years$5,445$4,100$3,044$2,233$1,621$909
27 years$5,187$3,859$2,827$2,044$1,462$797
28 years$4,948$3,636$2,628$1,873$1,319$700
29 years$4,726$3,430$2,446$1,717$1,191$614
30 years$4,519$3,240$2,278$1,576$1,076$539
31 years$4,326$3,062$2,124$1,448$973$474
32 years$4,145$2,898$1,982$1,330$880$417
33 years$3,976$2,744$1,850$1,223$797$366
34 years$3,817$2,601$1,729$1,126$721$322
35 years$3,667$2,467$1,616$1,036$653$283
36 years$3,526$2,341$1,512$954$592$249
37 years$3,393$2,224$1,415$879$536$219
38 years$3,267$2,113$1,325$810$486$193
39 years$3,148$2,010$1,242$747$441$170
40 years$3,035$1,912$1,164$689$400$150
41 years$2,928$1,820$1,091$636$363$132
42 years$2,826$1,733$1,024$587$329$116
43 years$2,730$1,652$960$542$299$102
44 years$2,638$1,574$902$500$271$90
45 years$2,550$1,501$847$462$246$79
46 years$2,466$1,432$795$427$224$70
47 years$2,387$1,367$747$394$203$61
48 years$2,310$1,305$702$364$184$54
49 years$2,237$1,246$660$337$167$48
50 years$2,167$1,190$620$311$152$42

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 $4,944 every year, while hoping to spend $34,091 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: 66/25/9 Blend
64$2,220,000$2,220,000$2,220,000$2,220,000
65$2,451,540$2,333,880$2,299,470$2,608,578
66$2,665,324$2,411,967$2,340,229$2,791,754
67$2,899,772$2,492,739$2,381,212$2,987,361
68$3,156,955$2,576,289$2,422,389$3,200,254
69$3,439,155$2,662,718$2,463,729$3,432,116
70$3,748,886$2,752,127$2,505,201$3,684,797
71$4,088,915$2,844,625$2,546,768$3,960,338
72$4,462,293$2,940,320$2,588,394$4,260,982
73$4,872,380$3,039,329$2,630,038$4,589,198
74$5,322,875$3,141,769$2,671,657$4,947,706
75$5,817,857$3,247,764$2,713,206$5,339,499
76$6,361,817$3,357,442$2,754,636$5,767,873
77$6,959,702$3,470,937$2,795,897$6,236,458
78$7,616,965$3,588,386$2,836,932$6,749,248
79$8,339,610$3,709,932$2,877,685$7,310,646
80$9,134,256$3,835,724$2,918,092$7,925,496
81$10,008,191$3,965,916$2,958,090$8,599,136
82$10,969,449$4,100,668$2,997,608$9,337,442
83$12,026,878$4,240,146$3,036,573$10,146,889
84$13,190,229$4,384,522$3,074,908$11,034,606
85$14,470,245$4,533,977$3,112,530$12,008,446
86$15,878,763$4,688,695$3,149,353$13,077,059
87$17,428,825$4,848,869$3,185,284$14,249,974
88$19,134,802$5,014,700$3,220,228$15,537,686
89$21,012,528$5,186,397$3,254,082$16,951,756
90$23,079,451$5,364,175$3,286,738$18,504,923
91$25,354,794$5,548,259$3,318,084$20,211,216
92$27,859,742$5,738,882$3,347,998$22,086,092
93$30,617,635$5,936,287$3,376,355$24,146,582
94$33,654,193$6,140,724$3,403,023$26,411,443
95$36,997,757$6,352,457$3,427,861$28,901,347
96$40,679,557$6,571,755$3,450,722$31,639,062
97$44,734,002$6,798,902$3,471,452$34,649,679
98$49,199,013$7,034,191$3,489,888$37,960,836
99$54,116,373$7,277,926$3,505,860$41,602,990
100$59,532,123$7,530,425$3,519,187$45,609,694