Can I retire at age 65 with 2,130,000?

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 $2,130,000?

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$175,893$174,327$172,798$171,306$169,849$166,216
2 years$87,076$85,454$83,883$82,359$80,881$77,238
3 years$57,474$55,845$54,278$52,768$51,314$47,776
4 years$42,676$41,052$39,500$38,016$36,598$33,191
5 years$33,799$32,185$30,654$29,200$27,821$24,555
6 years$27,884$26,282$24,773$23,352$22,014$18,892
7 years$23,660$22,071$20,586$19,199$17,903$14,927
8 years$20,493$18,919$17,459$16,105$14,852$12,020
9 years$18,032$16,473$15,037$13,718$12,508$9,818
10 years$16,064$14,520$13,110$11,825$10,657$8,107
11 years$14,455$12,926$11,542$10,291$9,166$6,751
12 years$13,115$11,602$10,243$9,027$7,943$5,661
13 years$11,982$10,485$9,151$7,969$6,926$4,773
14 years$11,011$9,530$8,223$7,074$6,071$4,042
15 years$10,171$8,706$7,424$6,309$5,346$3,436
16 years$9,437$7,988$6,731$5,649$4,725$2,930
17 years$8,789$7,356$6,125$5,076$4,189$2,505
18 years$8,215$6,798$5,591$4,574$3,725$2,147
19 years$7,701$6,300$5,118$4,133$3,320$1,843
20 years$7,239$5,854$4,697$3,743$2,966$1,584
21 years$6,822$5,453$4,321$3,397$2,654$1,364
22 years$6,443$5,090$3,982$3,089$2,379$1,176
23 years$6,098$4,761$3,677$2,813$2,135$1,014
24 years$5,782$4,460$3,400$2,566$1,919$876
25 years$5,491$4,186$3,150$2,343$1,727$757
26 years$5,224$3,934$2,921$2,143$1,556$654
27 years$4,977$3,702$2,712$1,961$1,403$566
28 years$4,747$3,489$2,522$1,797$1,266$490
29 years$4,534$3,291$2,347$1,648$1,143$424
30 years$4,336$3,108$2,186$1,512$1,033$367
31 years$4,150$2,938$2,038$1,389$934$318
32 years$3,977$2,780$1,901$1,276$844$276
33 years$3,815$2,633$1,775$1,174$764$239
34 years$3,662$2,495$1,659$1,080$692$207
35 years$3,518$2,367$1,551$994$627$180
36 years$3,383$2,247$1,451$916$568$156
37 years$3,255$2,134$1,358$844$515$135
38 years$3,135$2,028$1,271$778$467$117
39 years$3,020$1,928$1,191$717$423$102
40 years$2,912$1,835$1,117$661$384$88
41 years$2,809$1,746$1,047$610$348$77
42 years$2,712$1,663$982$563$316$66
43 years$2,619$1,585$922$520$287$58
44 years$2,531$1,510$865$480$260$50
45 years$2,447$1,440$812$443$236$43
46 years$2,366$1,374$763$409$215$38
47 years$2,290$1,311$717$378$195$33
48 years$2,217$1,252$674$350$177$28
49 years$2,147$1,195$633$323$161$25
50 years$2,080$1,142$595$299$146$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,130,000, adding $4,331 every year, while hoping to spend $22,174 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: 51/22/27 Blend
64$2,130,000$2,130,000$2,130,000$2,130,000
65$2,351,727$2,238,837$2,205,822$2,453,600
66$2,568,011$2,324,947$2,256,125$2,611,080
67$2,805,612$2,414,534$2,307,369$2,779,644
68$3,066,681$2,507,743$2,359,563$2,962,501
69$3,353,589$2,604,729$2,412,715$3,161,020
70$3,668,946$2,705,652$2,466,831$3,376,707
71$4,015,628$2,810,678$2,521,920$3,611,220
72$4,396,804$2,919,983$2,577,986$3,866,381
73$4,815,965$3,033,749$2,635,035$4,144,196
74$5,276,956$3,152,166$2,693,072$4,446,872
75$5,784,017$3,275,433$2,752,100$4,776,838
76$6,341,814$3,403,757$2,812,124$5,136,766
77$6,955,494$3,537,356$2,873,145$5,529,599
78$7,630,724$3,676,456$2,935,165$5,958,574
79$8,373,749$3,821,293$2,998,184$6,427,258
80$9,191,451$3,972,116$3,062,202$6,939,573
81$10,091,411$4,129,181$3,127,218$7,499,841
82$11,081,983$4,292,760$3,193,228$8,112,817
83$12,172,373$4,463,132$3,260,229$8,783,741
84$13,372,723$4,640,594$3,328,215$9,518,378
85$14,694,211$4,825,453$3,397,180$10,323,080
86$16,149,150$5,018,031$3,467,115$11,204,840
87$17,751,112$5,218,662$3,538,012$12,171,358
88$19,515,048$5,427,699$3,609,858$13,231,118
89$21,457,435$5,645,509$3,682,641$14,393,460
90$23,596,429$5,872,475$3,756,345$15,668,672
91$25,952,036$6,108,997$3,830,954$17,068,087
92$28,546,302$6,355,496$3,906,448$18,604,185
93$31,403,517$6,612,408$3,982,807$20,290,715
94$34,550,452$6,880,192$4,060,007$22,142,820
95$38,016,604$7,159,327$4,138,023$24,177,182
96$41,834,475$7,450,312$4,216,825$26,412,176
97$46,039,886$7,753,671$4,296,382$28,868,046
98$50,672,304$8,069,951$4,376,661$31,567,090
99$55,775,224$8,399,724$4,457,624$34,533,874
100$61,396,574$8,743,587$4,539,231$37,795,463