Can I retire at age 65 with 2,120,000?

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 $2,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$175,068$173,508$171,987$170,502$169,052$162,924
2 years$86,667$85,053$83,489$81,972$80,501$74,395
3 years$57,204$55,583$54,023$52,520$51,073$45,180
4 years$42,476$40,859$39,315$37,838$36,426$30,791
5 years$33,641$32,034$30,510$29,063$27,690$22,329
6 years$27,753$26,158$24,656$23,242$21,910$16,826
7 years$23,549$21,968$20,490$19,109$17,819$13,010
8 years$20,397$18,830$17,377$16,030$14,783$10,245
9 years$17,947$16,395$14,967$13,654$12,449$8,178
10 years$15,988$14,452$13,048$11,770$10,607$6,594
11 years$14,387$12,865$11,488$10,243$9,123$5,359
12 years$13,053$11,547$10,195$8,985$7,905$4,382
13 years$11,925$10,435$9,108$7,932$6,894$3,601
14 years$10,960$9,486$8,184$7,041$6,043$2,971
15 years$10,123$8,665$7,389$6,280$5,321$2,459
16 years$9,392$7,950$6,699$5,623$4,702$2,040
17 years$8,748$7,322$6,096$5,052$4,170$1,697
18 years$8,176$6,766$5,565$4,553$3,707$1,413
19 years$7,665$6,270$5,094$4,114$3,304$1,179
20 years$7,205$5,827$4,675$3,726$2,952$985
21 years$6,790$5,427$4,300$3,381$2,641$823
22 years$6,413$5,066$3,964$3,075$2,368$689
23 years$6,069$4,738$3,660$2,800$2,125$577
24 years$5,755$4,440$3,385$2,554$1,910$483
25 years$5,466$4,166$3,135$2,332$1,719$405
26 years$5,199$3,916$2,907$2,132$1,548$340
27 years$4,953$3,685$2,700$1,952$1,396$285
28 years$4,725$3,472$2,510$1,788$1,260$239
29 years$4,513$3,276$2,336$1,640$1,137$201
30 years$4,315$3,094$2,175$1,505$1,028$169
31 years$4,131$2,925$2,028$1,382$929$142
32 years$3,958$2,767$1,892$1,270$840$119
33 years$3,797$2,621$1,767$1,168$761$100
34 years$3,645$2,484$1,651$1,075$689$84
35 years$3,502$2,356$1,543$989$624$70
36 years$3,367$2,236$1,444$911$565$59
37 years$3,240$2,124$1,351$840$512$50
38 years$3,120$2,018$1,266$774$464$42
39 years$3,006$1,919$1,186$714$421$35
40 years$2,898$1,826$1,111$658$382$29
41 years$2,796$1,738$1,042$607$347$25
42 years$2,699$1,655$977$560$314$21
43 years$2,607$1,577$917$517$285$17
44 years$2,519$1,503$861$478$259$15
45 years$2,435$1,434$808$441$235$12
46 years$2,355$1,368$759$407$214$10
47 years$2,279$1,305$713$376$194$9
48 years$2,206$1,246$670$348$176$7
49 years$2,137$1,190$630$321$160$6
50 years$2,070$1,137$592$297$145$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,120,000, adding $4,646 every year, while hoping to spend $33,487 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: 52/19/29 Blend
64$2,120,000$2,120,000$2,120,000$2,120,000
65$2,341,032$2,228,672$2,195,812$2,443,474
66$2,544,188$2,302,247$2,233,742$2,588,836
67$2,766,943$2,378,305$2,271,820$2,743,136
68$3,011,261$2,456,932$2,310,016$2,910,343
69$3,279,305$2,538,218$2,348,298$3,091,703
70$3,573,459$2,622,255$2,386,630$3,288,592
71$3,896,345$2,709,139$2,424,975$3,502,520
72$4,250,855$2,798,969$2,463,295$3,735,152
73$4,640,173$2,891,850$2,501,546$3,988,321
74$5,067,807$2,987,887$2,539,685$4,264,045
75$5,537,622$3,087,192$2,577,662$4,564,546
76$6,053,874$3,189,879$2,615,429$4,892,271
77$6,621,253$3,296,067$2,652,929$5,249,916
78$7,244,926$3,405,879$2,690,108$5,640,449
79$7,930,586$3,519,444$2,726,904$6,067,140
80$8,684,503$3,636,894$2,763,252$6,533,589
81$9,513,587$3,758,367$2,799,086$7,043,763
82$10,425,450$3,884,005$2,834,333$7,602,030
83$11,428,480$4,013,955$2,868,917$8,213,205
84$12,531,918$4,148,371$2,902,758$8,882,590
85$13,745,945$4,287,413$2,935,772$9,616,024
86$15,081,779$4,431,244$2,967,868$10,419,943
87$16,551,781$4,580,036$2,998,953$11,301,436
88$18,169,571$4,733,966$3,028,926$12,268,312
89$19,950,155$4,893,218$3,057,683$13,329,178
90$21,910,069$5,057,983$3,085,113$14,493,512
91$24,067,530$5,228,459$3,111,099$15,771,760
92$26,442,616$5,404,851$3,135,518$17,175,431
93$29,057,447$5,587,373$3,158,242$18,717,204
94$31,936,398$5,776,245$3,179,135$20,411,050
95$35,106,327$5,971,698$3,198,052$22,272,365
96$38,596,830$6,173,969$3,214,844$24,318,109
97$42,440,519$6,383,305$3,229,353$26,566,973
98$46,673,328$6,599,963$3,241,413$29,039,550
99$51,334,856$6,824,210$3,250,849$31,758,533
100$56,468,736$7,056,321$3,257,478$34,748,925