Can I retire at age 65 with 2,270,000?

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 $2,270,000?

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$187,454$185,785$184,156$182,566$181,013$175,995
2 years$92,799$91,071$89,396$87,772$86,197$81,178
3 years$61,252$59,516$57,845$56,236$54,687$49,826
4 years$45,481$43,750$42,096$40,515$39,003$34,336
5 years$36,021$34,301$32,669$31,119$29,649$25,190
6 years$29,716$28,009$26,401$24,887$23,461$19,212
7 years$25,215$23,522$21,939$20,461$19,080$15,043
8 years$21,840$20,163$18,606$17,164$15,829$12,001
9 years$19,217$17,555$16,026$14,620$13,330$9,708
10 years$17,120$15,474$13,972$12,602$11,358$7,937
11 years$15,405$13,776$12,300$10,968$9,768$6,543
12 years$13,977$12,364$10,916$9,620$8,465$5,429
13 years$12,769$11,174$9,753$8,493$7,381$4,528
14 years$11,735$10,157$8,763$7,539$6,471$3,793
15 years$10,840$9,278$7,912$6,724$5,697$3,189
16 years$10,057$8,513$7,173$6,020$5,035$2,689
17 years$9,367$7,840$6,527$5,409$4,465$2,272
18 years$8,755$7,244$5,959$4,875$3,970$1,924
19 years$8,207$6,714$5,455$4,405$3,538$1,632
20 years$7,715$6,239$5,006$3,989$3,160$1,386
21 years$7,270$5,811$4,605$3,621$2,828$1,179
22 years$6,867$5,425$4,244$3,292$2,535$1,004
23 years$6,499$5,074$3,919$2,998$2,276$855
24 years$6,162$4,754$3,624$2,734$2,045$729
25 years$5,852$4,461$3,357$2,497$1,841$622
26 years$5,567$4,193$3,113$2,283$1,658$531
27 years$5,304$3,946$2,891$2,090$1,495$453
28 years$5,059$3,718$2,687$1,915$1,349$387
29 years$4,832$3,508$2,501$1,756$1,218$331
30 years$4,621$3,313$2,329$1,612$1,100$283
31 years$4,423$3,131$2,172$1,480$995$242
32 years$4,238$2,963$2,026$1,360$900$207
33 years$4,065$2,806$1,892$1,251$814$177
34 years$3,903$2,659$1,768$1,151$737$151
35 years$3,750$2,522$1,653$1,059$668$129
36 years$3,605$2,394$1,546$976$605$111
37 years$3,469$2,274$1,447$899$548$95
38 years$3,341$2,161$1,355$829$497$81
39 years$3,219$2,055$1,270$764$451$69
40 years$3,103$1,955$1,190$705$409$59
41 years$2,994$1,861$1,116$650$371$51
42 years$2,890$1,772$1,047$600$337$44
43 years$2,791$1,689$982$554$306$37
44 years$2,697$1,610$922$511$277$32
45 years$2,607$1,535$866$472$252$27
46 years$2,522$1,464$813$436$229$23
47 years$2,440$1,397$764$403$208$20
48 years$2,362$1,334$718$372$189$17
49 years$2,288$1,274$675$344$171$15
50 years$2,216$1,217$634$318$156$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,270,000, adding $6,020 every year, while hoping to spend $34,630 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: 79/14/7 Blend
64$2,270,000$2,270,000$2,270,000$2,270,000
65$2,507,750$2,387,440$2,352,255$2,703,432
66$2,726,694$2,467,578$2,394,209$2,912,711
67$2,966,810$2,550,483$2,436,408$3,137,084
68$3,230,221$2,636,252$2,478,824$3,382,176
69$3,519,265$2,724,990$2,521,426$3,650,037
70$3,836,517$2,816,802$2,564,181$3,942,921
71$4,184,815$2,911,799$2,607,055$4,263,313
72$4,567,284$3,010,095$2,650,009$4,613,948
73$4,987,367$3,111,809$2,693,004$4,997,838
74$5,448,857$3,217,066$2,735,998$5,418,299
75$5,955,930$3,325,993$2,778,944$5,878,985
76$6,513,191$3,438,722$2,821,795$6,383,919
77$7,125,710$3,555,393$2,864,498$6,937,531
78$7,799,074$3,676,148$2,907,000$7,544,703
79$8,539,436$3,801,137$2,949,242$8,210,811
80$9,353,579$3,930,512$2,991,161$8,941,776
81$10,248,972$4,064,436$3,032,693$9,744,121
82$11,233,847$4,203,073$3,073,768$10,625,031
83$12,317,273$4,346,597$3,114,313$11,592,423
84$13,509,242$4,495,188$3,154,250$12,655,015
85$14,820,764$4,649,031$3,193,496$13,822,414
86$16,263,968$4,808,320$3,231,965$15,105,203
87$17,852,221$4,973,256$3,269,564$16,515,041
88$19,600,250$5,144,048$3,306,197$18,064,772
89$21,524,281$5,320,912$3,341,760$19,768,549
90$23,642,196$5,504,074$3,376,147$21,641,962
91$25,973,694$5,693,768$3,409,242$23,702,190
92$28,540,484$5,890,236$3,440,925$25,968,158
93$31,366,488$6,093,732$3,471,071$28,460,720
94$34,478,063$6,304,518$3,499,545$31,202,852
95$37,904,252$6,522,867$3,526,206$34,219,868
96$41,677,060$6,749,061$3,550,908$37,539,661
97$45,831,751$6,983,396$3,573,495$41,192,964
98$50,407,185$7,226,178$3,593,802$45,213,642
99$55,446,182$7,477,725$3,611,659$49,639,008
100$60,995,927$7,738,368$3,626,884$54,510,174