Can I retire at age 65 with 2,140,000?

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$176,719$175,145$173,609$172,110$170,647$168,794
2 years$87,485$85,855$84,276$82,745$81,260$79,395
3 years$57,744$56,107$54,532$53,016$51,555$49,735
4 years$42,876$41,245$39,686$38,195$36,769$35,009
5 years$33,958$32,337$30,798$29,337$27,951$26,255
6 years$28,015$26,405$24,889$23,461$22,117$20,487
7 years$23,771$22,175$20,683$19,289$17,987$16,424
8 years$20,590$19,008$17,541$16,181$14,922$13,426
9 years$18,116$16,550$15,108$13,783$12,567$11,137
10 years$16,139$14,588$13,171$11,881$10,707$9,343
11 years$14,522$12,987$11,596$10,340$9,209$7,909
12 years$13,176$11,656$10,291$9,069$7,980$6,743
13 years$12,038$10,534$9,194$8,007$6,959$5,784
14 years$11,063$9,575$8,261$7,108$6,100$4,985
15 years$10,219$8,747$7,459$6,339$5,371$4,314
16 years$9,481$8,025$6,762$5,676$4,747$3,746
17 years$8,831$7,391$6,154$5,100$4,209$3,263
18 years$8,253$6,829$5,617$4,596$3,742$2,849
19 years$7,737$6,330$5,142$4,153$3,336$2,492
20 years$7,273$5,882$4,719$3,761$2,979$2,185
21 years$6,854$5,479$4,341$3,413$2,666$1,918
22 years$6,473$5,114$4,001$3,104$2,390$1,687
23 years$6,127$4,783$3,694$2,826$2,145$1,485
24 years$5,809$4,481$3,416$2,578$1,928$1,308
25 years$5,517$4,206$3,164$2,354$1,735$1,154
26 years$5,248$3,953$2,935$2,153$1,563$1,019
27 years$5,000$3,720$2,725$1,970$1,409$900
28 years$4,770$3,505$2,533$1,805$1,271$795
29 years$4,556$3,307$2,358$1,655$1,148$703
30 years$4,356$3,123$2,196$1,519$1,037$622
31 years$4,170$2,952$2,047$1,395$938$551
32 years$3,996$2,793$1,910$1,282$848$488
33 years$3,832$2,645$1,783$1,179$768$432
34 years$3,679$2,507$1,666$1,085$695$383
35 years$3,535$2,378$1,558$999$630$339
36 years$3,399$2,257$1,457$920$570$301
37 years$3,271$2,144$1,364$848$517$267
38 years$3,149$2,037$1,277$781$469$237
39 years$3,034$1,937$1,197$720$425$210
40 years$2,926$1,843$1,122$664$386$186
41 years$2,823$1,754$1,052$613$350$165
42 years$2,725$1,671$987$566$317$147
43 years$2,631$1,592$926$522$288$130
44 years$2,543$1,518$869$482$261$115
45 years$2,458$1,447$816$445$237$102
46 years$2,377$1,381$766$411$216$91
47 years$2,301$1,317$720$380$196$81
48 years$2,227$1,258$677$351$178$72
49 years$2,157$1,201$636$325$161$64
50 years$2,089$1,147$598$300$147$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,140,000, adding $6,823 every year, while hoping to spend $22,523 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: 28/47/25 Blend
64$2,140,000$2,140,000$2,140,000$2,140,000
65$2,365,318$2,251,898$2,218,728$2,412,938
66$2,582,616$2,338,277$2,269,091$2,537,446
67$2,821,324$2,428,133$2,320,386$2,668,702
68$3,083,601$2,521,614$2,372,622$2,809,262
69$3,371,827$2,618,872$2,425,803$2,959,937
70$3,688,624$2,720,067$2,479,938$3,121,617
71$4,036,880$2,825,366$2,535,032$3,295,277
72$4,419,776$2,934,944$2,591,090$3,481,985
73$4,840,818$3,048,981$2,648,117$3,682,915
74$5,303,869$3,167,668$2,706,116$3,899,352
75$5,813,183$3,291,204$2,765,091$4,132,708
76$6,373,450$3,419,795$2,825,043$4,384,533
77$6,989,834$3,553,657$2,885,975$4,656,528
78$7,668,028$3,693,017$2,947,885$4,950,560
79$8,414,302$3,838,110$3,010,775$5,268,680
80$9,235,567$3,989,184$3,074,642$5,613,143
81$10,139,435$4,146,494$3,139,483$5,986,422
82$11,134,296$4,310,311$3,205,294$6,391,239
83$12,229,393$4,480,915$3,272,070$6,830,582
84$13,434,911$4,658,599$3,339,804$7,307,738
85$14,762,072$4,843,671$3,408,488$7,826,318
86$16,223,243$5,036,450$3,478,111$8,390,294
87$17,832,049$5,237,272$3,548,664$9,004,032
88$19,603,507$5,446,486$3,620,132$9,672,334
89$21,554,159$5,664,459$3,692,501$10,400,482
90$23,702,237$5,891,571$3,765,754$11,194,285
91$26,067,830$6,128,223$3,839,872$12,060,135
92$28,673,075$6,374,832$3,914,834$13,005,061
93$31,542,364$6,631,834$3,990,616$14,036,800
94$34,702,576$6,899,685$4,067,192$15,163,864
95$38,183,331$7,178,862$4,144,536$16,395,620
96$42,017,267$7,469,863$4,222,614$17,742,376
97$46,240,351$7,773,209$4,301,394$19,215,479
98$50,892,215$8,089,444$4,380,839$20,827,417
99$56,016,533$8,419,139$4,460,909$22,591,936
100$61,661,430$8,762,888$4,541,561$24,524,168