Can I retire at age 65 with 2,110,000?

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$174,242$172,690$171,176$169,698$168,254$164,655
2 years$86,258$84,652$83,095$81,585$80,121$76,513
3 years$56,934$55,321$53,768$52,273$50,832$47,327
4 years$42,275$40,667$39,129$37,659$36,254$32,879
5 years$33,482$31,883$30,366$28,926$27,560$24,324
6 years$27,622$26,035$24,540$23,132$21,807$18,715
7 years$23,438$21,864$20,393$19,018$17,735$14,787
8 years$20,301$18,742$17,295$15,954$14,713$11,907
9 years$17,862$16,318$14,896$13,589$12,390$9,726
10 years$15,913$14,383$12,987$11,714$10,557$8,031
11 years$14,319$12,805$11,433$10,195$9,080$6,688
12 years$12,991$11,493$10,147$8,942$7,868$5,608
13 years$11,869$10,386$9,065$7,895$6,861$4,728
14 years$10,908$9,441$8,145$7,008$6,014$4,004
15 years$10,076$8,624$7,354$6,250$5,296$3,404
16 years$9,348$7,913$6,668$5,596$4,680$2,903
17 years$8,707$7,287$6,067$5,028$4,150$2,482
18 years$8,137$6,734$5,539$4,531$3,690$2,127
19 years$7,629$6,241$5,070$4,094$3,289$1,826
20 years$7,171$5,799$4,653$3,708$2,938$1,570
21 years$6,758$5,402$4,280$3,365$2,629$1,351
22 years$6,383$5,042$3,945$3,060$2,356$1,165
23 years$6,041$4,716$3,642$2,787$2,115$1,005
24 years$5,728$4,419$3,369$2,542$1,901$868
25 years$5,440$4,147$3,120$2,321$1,711$750
26 years$5,175$3,897$2,894$2,122$1,541$648
27 years$4,930$3,668$2,687$1,943$1,389$561
28 years$4,703$3,456$2,498$1,780$1,254$485
29 years$4,492$3,260$2,324$1,632$1,132$420
30 years$4,295$3,079$2,165$1,498$1,023$364
31 years$4,111$2,911$2,019$1,376$925$315
32 years$3,940$2,754$1,883$1,264$837$273
33 years$3,779$2,608$1,758$1,163$757$237
34 years$3,627$2,472$1,643$1,070$685$205
35 years$3,485$2,345$1,536$985$621$178
36 years$3,351$2,225$1,437$907$562$154
37 years$3,225$2,114$1,345$836$510$134
38 years$3,105$2,009$1,260$770$462$116
39 years$2,992$1,910$1,180$710$419$101
40 years$2,885$1,817$1,106$655$380$87
41 years$2,783$1,730$1,037$604$345$76
42 years$2,686$1,647$973$558$313$66
43 years$2,594$1,570$913$515$284$57
44 years$2,507$1,496$857$475$258$50
45 years$2,424$1,427$805$439$234$43
46 years$2,344$1,361$756$406$212$37
47 years$2,268$1,299$710$375$193$32
48 years$2,196$1,240$667$346$175$28
49 years$2,126$1,184$627$320$159$24
50 years$2,060$1,131$590$296$145$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,110,000, adding $4,831 every year, while hoping to spend $28,052 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: 87/6/7 Blend
64$2,110,000$2,110,000$2,110,000$2,110,000
65$2,330,203$2,218,373$2,185,668$2,531,337
66$2,538,037$2,297,226$2,229,041$2,741,971
67$2,766,129$2,379,003$2,272,927$2,969,063
68$3,016,517$2,463,817$2,317,312$3,217,760
69$3,291,445$2,551,787$2,362,185$3,490,221
70$3,593,383$2,643,035$2,407,529$3,788,822
71$3,925,054$2,737,690$2,453,327$4,116,180
72$4,289,458$2,835,885$2,499,562$4,475,177
73$4,689,899$2,937,760$2,546,214$4,868,989
74$5,130,016$3,043,458$2,593,260$5,301,113
75$5,613,821$3,153,130$2,640,677$5,775,402
76$6,145,730$3,266,933$2,688,439$6,296,100
77$6,730,613$3,385,031$2,736,520$6,867,883
78$7,373,831$3,507,593$2,784,889$7,495,899
79$8,081,293$3,634,797$2,833,514$8,185,824
80$8,859,509$3,766,826$2,882,361$8,943,907
81$9,715,652$3,903,873$2,931,393$9,777,035
82$10,657,625$4,046,139$2,980,571$10,692,794
83$11,694,134$4,193,831$3,029,851$11,699,543
84$12,834,774$4,347,168$3,079,190$12,806,491
85$14,090,117$4,506,375$3,128,539$14,023,783
86$15,471,810$4,671,688$3,177,846$15,362,598
87$16,992,687$4,843,353$3,227,056$16,835,253
88$18,666,890$5,021,627$3,276,112$18,455,318
89$20,510,002$5,206,776$3,324,950$20,237,744
90$22,539,193$5,399,078$3,373,507$22,199,007
91$24,773,381$5,598,824$3,421,711$24,357,259
92$27,233,416$5,806,316$3,469,488$26,732,501
93$29,942,269$6,021,870$3,516,760$29,346,771
94$32,925,252$6,245,814$3,563,443$32,224,353
95$36,210,259$6,478,490$3,609,450$35,392,004
96$39,828,026$6,720,256$3,654,687$38,879,209
97$43,812,421$6,971,485$3,699,055$42,718,454
98$48,200,766$7,232,565$3,742,451$46,945,538
99$53,034,185$7,503,902$3,784,764$51,599,908
100$58,357,996$7,785,918$3,825,878$56,725,030