Can I retire at age 65 with 2,230,000?

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$184,151$182,511$180,911$179,349$177,823$171,038
2 years$91,164$89,466$87,821$86,225$84,678$77,922
3 years$60,172$58,467$56,826$55,245$53,723$47,209
4 years$44,679$42,980$41,355$39,801$38,316$32,093
5 years$35,386$33,696$32,093$30,571$29,127$23,211
6 years$29,193$27,516$25,936$24,448$23,047$17,443
7 years$24,771$23,108$21,553$20,100$18,744$13,449
8 years$21,455$19,808$18,278$16,861$15,550$10,559
9 years$18,878$17,246$15,743$14,362$13,095$8,402
10 years$16,818$15,202$13,725$12,380$11,158$6,754
11 years$15,133$13,533$12,084$10,775$9,596$5,471
12 years$13,730$12,147$10,724$9,451$8,316$4,459
13 years$12,544$10,977$9,581$8,344$7,251$3,651
14 years$11,528$9,978$8,609$7,407$6,357$3,002
15 years$10,649$9,115$7,772$6,605$5,597$2,476
16 years$9,880$8,363$7,047$5,914$4,946$2,047
17 years$9,202$7,702$6,412$5,314$4,386$1,696
18 years$8,600$7,117$5,854$4,789$3,900$1,408
19 years$8,062$6,596$5,359$4,327$3,476$1,170
20 years$7,579$6,129$4,918$3,919$3,105$973
21 years$7,142$5,709$4,524$3,557$2,778$811
22 years$6,746$5,329$4,169$3,234$2,490$676
23 years$6,384$4,984$3,850$2,945$2,236$564
24 years$6,053$4,670$3,560$2,686$2,009$470
25 years$5,749$4,382$3,297$2,453$1,808$393
26 years$5,469$4,119$3,058$2,243$1,629$328
27 years$5,210$3,876$2,840$2,053$1,468$274
28 years$4,970$3,653$2,640$1,881$1,325$229
29 years$4,747$3,446$2,457$1,725$1,196$191
30 years$4,539$3,254$2,288$1,583$1,081$160
31 years$4,345$3,076$2,133$1,454$977$134
32 years$4,164$2,911$1,990$1,336$884$112
33 years$3,994$2,757$1,858$1,229$800$94
34 years$3,834$2,613$1,736$1,131$724$78
35 years$3,683$2,478$1,623$1,041$656$65
36 years$3,542$2,352$1,519$959$594$55
37 years$3,408$2,234$1,421$883$539$46
38 years$3,282$2,123$1,331$814$488$38
39 years$3,162$2,019$1,247$751$443$32
40 years$3,049$1,921$1,169$692$402$27
41 years$2,941$1,828$1,096$639$365$22
42 years$2,839$1,741$1,028$589$331$19
43 years$2,742$1,659$965$544$300$16
44 years$2,650$1,581$906$502$272$13
45 years$2,561$1,508$850$464$247$11
46 years$2,477$1,439$799$429$225$9
47 years$2,397$1,373$750$396$204$8
48 years$2,321$1,311$705$366$185$6
49 years$2,247$1,252$663$338$168$5
50 years$2,177$1,195$623$313$153$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,230,000, adding $5,344 every year, while hoping to spend $25,798 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: 46/39/15 Blend
64$2,230,000$2,230,000$2,230,000$2,230,000
65$2,462,972$2,344,782$2,310,217$2,565,554
66$2,686,747$2,432,228$2,360,161$2,724,849
67$2,932,481$2,523,093$2,410,913$2,894,520
68$3,202,389$2,617,520$2,462,473$3,078,029
69$3,498,907$2,715,653$2,514,840$3,276,670
70$3,824,722$2,817,645$2,568,013$3,491,869
71$4,182,790$2,923,657$2,621,988$3,725,188
72$4,576,372$3,033,853$2,676,762$3,978,348
73$5,009,057$3,148,408$2,732,329$4,253,239
74$5,484,803$3,267,501$2,788,684$4,551,939
75$6,007,966$3,391,322$2,845,818$4,876,733
76$6,583,349$3,520,067$2,903,723$5,230,135
77$7,216,241$3,653,942$2,962,389$5,614,909
78$7,912,473$3,793,160$3,021,804$6,034,095
79$8,678,466$3,937,945$3,081,955$6,491,040
80$9,521,296$4,088,531$3,142,827$6,989,422
81$10,448,760$4,245,161$3,204,404$7,533,292
82$11,469,448$4,408,089$3,266,666$8,127,104
83$12,592,827$4,577,580$3,329,595$8,775,764
84$13,829,325$4,753,911$3,393,166$9,484,668
85$15,190,435$4,937,372$3,457,356$10,259,756
86$16,688,820$5,128,263$3,522,137$11,107,566
87$18,338,432$5,326,900$3,587,481$12,035,296
88$20,154,646$5,533,612$3,653,356$13,050,869
89$22,154,403$5,748,743$3,719,727$14,163,009
90$24,356,371$5,972,650$3,786,557$15,381,319
91$26,781,120$6,205,709$3,853,805$16,716,374
92$29,451,315$6,448,310$3,921,429$18,179,817
93$32,391,934$6,700,862$3,989,381$19,784,469
94$35,630,499$6,963,791$4,057,613$21,544,448
95$39,197,336$7,237,544$4,126,069$23,475,303
96$43,125,866$7,522,584$4,194,694$25,594,156
97$47,452,913$7,819,400$4,263,425$27,919,864
98$52,219,057$8,128,498$4,332,197$30,473,195
99$57,469,016$8,450,409$4,400,941$33,277,024
100$63,252,064$8,785,688$4,469,581$36,356,544