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%16.8%
1 years$184,977$183,329$181,722$180,153$178,621$173,669
2 years$91,573$89,867$88,215$86,612$85,057$80,106
3 years$60,442$58,729$57,081$55,493$53,964$49,167
4 years$44,880$43,172$41,540$39,980$38,488$33,882
5 years$35,545$33,848$32,237$30,708$29,258$24,857
6 years$29,324$27,639$26,052$24,558$23,151$18,958
7 years$24,882$23,211$21,649$20,190$18,828$14,844
8 years$21,552$19,896$18,360$16,937$15,619$11,842
9 years$18,963$17,323$15,814$14,427$13,154$9,580
10 years$16,893$15,270$13,787$12,436$11,208$7,832
11 years$15,201$13,594$12,138$10,823$9,639$6,456
12 years$13,792$12,201$10,772$9,493$8,353$5,357
13 years$12,600$11,026$9,624$8,381$7,284$4,469
14 years$11,580$10,022$8,647$7,440$6,385$3,743
15 years$10,696$9,156$7,807$6,635$5,622$3,147
16 years$9,924$8,400$7,078$5,941$4,969$2,653
17 years$9,243$7,736$6,441$5,338$4,406$2,242
18 years$8,639$7,149$5,880$4,810$3,917$1,899
19 years$8,099$6,625$5,383$4,347$3,491$1,610
20 years$7,613$6,157$4,940$3,937$3,119$1,368
21 years$7,174$5,735$4,544$3,573$2,791$1,163
22 years$6,776$5,353$4,188$3,249$2,502$990
23 years$6,413$5,007$3,867$2,959$2,246$844
24 years$6,080$4,691$3,576$2,698$2,018$719
25 years$5,775$4,402$3,312$2,464$1,816$614
26 years$5,494$4,137$3,072$2,253$1,636$524
27 years$5,234$3,894$2,853$2,062$1,475$447
28 years$4,992$3,669$2,652$1,890$1,331$382
29 years$4,768$3,461$2,468$1,733$1,202$327
30 years$4,560$3,269$2,299$1,590$1,086$279
31 years$4,365$3,090$2,143$1,461$982$239
32 years$4,182$2,924$1,999$1,342$888$204
33 years$4,012$2,769$1,867$1,234$804$175
34 years$3,851$2,624$1,744$1,136$728$149
35 years$3,700$2,489$1,631$1,045$659$128
36 years$3,558$2,363$1,526$963$597$109
37 years$3,423$2,244$1,428$887$541$94
38 years$3,296$2,132$1,337$818$491$80
39 years$3,176$2,028$1,253$754$445$69
40 years$3,062$1,929$1,174$695$404$59
41 years$2,954$1,836$1,101$642$366$50
42 years$2,852$1,749$1,033$592$332$43
43 years$2,754$1,666$969$547$302$37
44 years$2,661$1,588$910$505$274$31
45 years$2,573$1,515$854$466$248$27
46 years$2,489$1,445$802$431$226$23
47 years$2,408$1,379$754$398$205$20
48 years$2,331$1,316$708$368$186$17
49 years$2,257$1,257$666$340$169$14
50 years$2,187$1,201$626$314$153$12

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 $6,977 every year, while hoping to spend $28,184 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: 57/31/12 Blend
64$2,240,000$2,240,000$2,240,000$2,240,000
65$2,475,677$2,356,957$2,322,237$2,608,978
66$2,698,208$2,442,460$2,370,044$2,785,369
67$2,942,493$2,531,208$2,418,508$2,973,757
68$3,210,721$2,623,331$2,467,622$3,178,366
69$3,505,303$2,718,963$2,517,376$3,400,751
70$3,828,896$2,818,244$2,567,760$3,642,627
71$4,184,425$2,921,320$2,618,762$3,905,876
72$4,575,116$3,028,344$2,670,370$4,192,574
73$5,004,519$3,139,474$2,722,568$4,504,999
74$5,476,548$3,254,876$2,775,342$4,845,663
75$5,995,513$3,374,722$2,828,673$5,217,326
76$6,566,164$3,499,192$2,882,542$5,623,029
77$7,193,733$3,628,473$2,936,928$6,066,115
78$7,883,986$3,762,760$2,991,807$6,550,268
79$8,643,273$3,902,256$3,047,154$7,079,540
80$9,478,595$4,047,175$3,102,941$7,658,393
81$10,397,661$4,197,735$3,159,139$8,291,738
82$11,408,968$4,354,170$3,215,715$8,984,984
83$12,521,876$4,516,718$3,272,635$9,744,085
84$13,746,700$4,685,630$3,329,862$10,575,596
85$15,094,806$4,861,168$3,387,354$11,486,736
86$16,578,716$5,043,605$3,445,070$12,485,455
87$18,212,228$5,233,225$3,502,963$13,580,508
88$20,010,547$5,430,324$3,560,984$14,781,535
89$21,990,425$5,635,213$3,619,080$16,099,153
90$24,170,324$5,848,213$3,677,193$17,545,056
91$26,570,583$6,069,662$3,735,266$19,132,124
92$29,213,618$6,299,911$3,793,233$20,874,542
93$32,124,126$6,539,326$3,851,025$22,787,935
94$35,329,324$6,788,290$3,908,572$24,889,515
95$38,859,202$7,047,202$3,965,795$27,198,238
96$42,746,805$7,316,480$4,022,614$29,734,990
97$47,028,548$7,596,556$4,078,940$32,522,773
98$51,744,558$7,887,886$4,134,683$35,586,930
99$56,939,053$8,190,942$4,189,745$38,955,376
100$62,660,758$8,506,220$4,244,023$42,658,868