Can I retire at age 65 with 2,240,000?

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 $2,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$184,977$183,329$181,722$180,153$178,621$171,941
2 years$91,573$89,867$88,215$86,612$85,057$78,405
3 years$60,442$58,729$57,081$55,493$53,964$47,547
4 years$44,880$43,172$41,540$39,980$38,488$32,355
5 years$35,545$33,848$32,237$30,708$29,258$23,426
6 years$29,324$27,639$26,052$24,558$23,151$17,623
7 years$24,882$23,211$21,649$20,190$18,828$13,604
8 years$21,552$19,896$18,360$16,937$15,619$10,694
9 years$18,963$17,323$15,814$14,427$13,154$8,520
10 years$16,893$15,270$13,787$12,436$11,208$6,857
11 years$15,201$13,594$12,138$10,823$9,639$5,561
12 years$13,792$12,201$10,772$9,493$8,353$4,539
13 years$12,600$11,026$9,624$8,381$7,284$3,722
14 years$11,580$10,022$8,647$7,440$6,385$3,064
15 years$10,696$9,156$7,807$6,635$5,622$2,531
16 years$9,924$8,400$7,078$5,941$4,969$2,095
17 years$9,243$7,736$6,441$5,338$4,406$1,739
18 years$8,639$7,149$5,880$4,810$3,917$1,445
19 years$8,099$6,625$5,383$4,347$3,491$1,203
20 years$7,613$6,157$4,940$3,937$3,119$1,002
21 years$7,174$5,735$4,544$3,573$2,791$836
22 years$6,776$5,353$4,188$3,249$2,502$698
23 years$6,413$5,007$3,867$2,959$2,246$583
24 years$6,080$4,691$3,576$2,698$2,018$487
25 years$5,775$4,402$3,312$2,464$1,816$408
26 years$5,494$4,137$3,072$2,253$1,636$341
27 years$5,234$3,894$2,853$2,062$1,475$285
28 years$4,992$3,669$2,652$1,890$1,331$239
29 years$4,768$3,461$2,468$1,733$1,202$200
30 years$4,560$3,269$2,299$1,590$1,086$167
31 years$4,365$3,090$2,143$1,461$982$140
32 years$4,182$2,924$1,999$1,342$888$117
33 years$4,012$2,769$1,867$1,234$804$98
34 years$3,851$2,624$1,744$1,136$728$82
35 years$3,700$2,489$1,631$1,045$659$69
36 years$3,558$2,363$1,526$963$597$58
37 years$3,423$2,244$1,428$887$541$49
38 years$3,296$2,132$1,337$818$491$41
39 years$3,176$2,028$1,253$754$445$34
40 years$3,062$1,929$1,174$695$404$29
41 years$2,954$1,836$1,101$642$366$24
42 years$2,852$1,749$1,033$592$332$20
43 years$2,754$1,666$969$547$302$17
44 years$2,661$1,588$910$505$274$14
45 years$2,573$1,515$854$466$248$12
46 years$2,489$1,445$802$431$226$10
47 years$2,408$1,379$754$398$205$8
48 years$2,331$1,316$708$368$186$7
49 years$2,257$1,257$666$340$169$6
50 years$2,187$1,201$626$314$153$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,240,000, adding $6,120 every year, while hoping to spend $46,945 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: 69/24/7 Blend
64$2,240,000$2,240,000$2,240,000$2,240,000
65$2,474,793$2,356,073$2,321,353$2,642,353
66$2,677,273$2,421,571$2,349,169$2,819,570
67$2,898,832$2,488,706$2,376,344$3,007,040
68$3,141,367$2,557,507$2,402,806$3,210,832
69$3,406,967$2,628,005$2,428,480$3,432,536
70$3,697,931$2,700,231$2,453,288$3,673,904
71$4,016,793$2,774,215$2,477,145$3,936,862
72$4,366,341$2,849,986$2,499,965$4,223,534
73$4,749,647$2,927,576$2,521,654$4,536,255
74$5,170,096$3,007,012$2,542,114$4,877,601
75$5,631,415$3,088,324$2,561,243$5,250,403
76$6,137,708$3,171,540$2,578,934$5,657,784
77$6,693,497$3,256,689$2,595,071$6,103,181
78$7,303,764$3,343,797$2,609,536$6,590,379
79$7,973,995$3,432,890$2,622,202$7,123,549
80$8,710,234$3,523,994$2,632,938$7,707,283
81$9,519,142$3,617,133$2,641,605$8,346,641
82$10,408,052$3,712,331$2,648,057$9,047,196
83$11,385,048$3,809,609$2,652,141$9,815,088
84$12,459,031$3,908,988$2,653,696$10,657,081
85$13,639,810$4,010,486$2,652,553$11,580,625
86$14,938,193$4,114,122$2,648,536$12,593,930
87$16,366,085$4,219,911$2,641,458$13,706,039
88$17,936,604$4,327,865$2,631,126$14,926,916
89$19,664,204$4,437,996$2,617,334$16,267,540
90$21,564,807$4,550,313$2,599,870$17,740,005
91$23,655,960$4,664,821$2,578,508$19,357,639
92$25,956,994$4,781,523$2,553,014$21,135,125
93$28,489,210$4,900,420$2,523,143$23,088,642
94$31,276,077$5,021,508$2,488,635$25,236,015
95$34,343,455$5,144,780$2,449,222$27,596,888
96$37,719,837$5,270,224$2,404,621$30,192,904
97$41,436,621$5,397,826$2,354,537$33,047,911
98$45,528,402$5,527,565$2,298,659$36,188,187
99$50,033,300$5,659,416$2,236,665$39,642,690
100$54,993,319$5,793,350$2,168,216$43,443,326