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%16.4%
1 years$176,719$175,145$173,609$172,110$170,647$166,184
2 years$87,485$85,855$84,276$82,745$81,260$76,795
3 years$57,744$56,107$54,532$53,016$51,555$47,226
4 years$42,876$41,245$39,686$38,195$36,769$32,611
5 years$33,958$32,337$30,798$29,337$27,951$23,974
6 years$28,015$26,405$24,889$23,461$22,117$18,325
7 years$23,771$22,175$20,683$19,289$17,987$14,381
8 years$20,590$19,008$17,541$16,181$14,922$11,500
9 years$18,116$16,550$15,108$13,783$12,567$9,325
10 years$16,139$14,588$13,171$11,881$10,707$7,643
11 years$14,522$12,987$11,596$10,340$9,209$6,317
12 years$13,176$11,656$10,291$9,069$7,980$5,255
13 years$12,038$10,534$9,194$8,007$6,959$4,395
14 years$11,063$9,575$8,261$7,108$6,100$3,692
15 years$10,219$8,747$7,459$6,339$5,371$3,112
16 years$9,481$8,025$6,762$5,676$4,747$2,632
17 years$8,831$7,391$6,154$5,100$4,209$2,230
18 years$8,253$6,829$5,617$4,596$3,742$1,894
19 years$7,737$6,330$5,142$4,153$3,336$1,612
20 years$7,273$5,882$4,719$3,761$2,979$1,373
21 years$6,854$5,479$4,341$3,413$2,666$1,171
22 years$6,473$5,114$4,001$3,104$2,390$1,000
23 years$6,127$4,783$3,694$2,826$2,145$855
24 years$5,809$4,481$3,416$2,578$1,928$731
25 years$5,517$4,206$3,164$2,354$1,735$626
26 years$5,248$3,953$2,935$2,153$1,563$536
27 years$5,000$3,720$2,725$1,970$1,409$459
28 years$4,770$3,505$2,533$1,805$1,271$394
29 years$4,556$3,307$2,358$1,655$1,148$337
30 years$4,356$3,123$2,196$1,519$1,037$289
31 years$4,170$2,952$2,047$1,395$938$248
32 years$3,996$2,793$1,910$1,282$848$213
33 years$3,832$2,645$1,783$1,179$768$183
34 years$3,679$2,507$1,666$1,085$695$157
35 years$3,535$2,378$1,558$999$630$135
36 years$3,399$2,257$1,457$920$570$116
37 years$3,271$2,144$1,364$848$517$99
38 years$3,149$2,037$1,277$781$469$85
39 years$3,034$1,937$1,197$720$425$73
40 years$2,926$1,843$1,122$664$386$63
41 years$2,823$1,754$1,052$613$350$54
42 years$2,725$1,671$987$566$317$46
43 years$2,631$1,592$926$522$288$40
44 years$2,543$1,518$869$482$261$34
45 years$2,458$1,447$816$445$237$29
46 years$2,377$1,381$766$411$216$25
47 years$2,301$1,317$720$380$196$22
48 years$2,227$1,258$677$351$178$19
49 years$2,157$1,201$636$325$161$16
50 years$2,089$1,147$598$300$147$14

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 $2,976 every year, while hoping to spend $30,903 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: 58/36/6 Blend
64$2,140,000$2,140,000$2,140,000$2,140,000
65$2,361,350$2,247,930$2,214,760$2,495,284
66$2,569,327$2,325,198$2,256,074$2,662,789
67$2,797,482$2,405,216$2,297,736$2,841,500
68$3,047,840$2,488,087$2,339,725$3,035,502
69$3,322,633$2,573,917$2,382,019$3,246,261
70$3,624,319$2,662,815$2,424,594$3,475,388
71$3,955,603$2,754,897$2,467,422$3,724,654
72$4,319,469$2,850,282$2,510,475$3,996,008
73$4,719,202$2,949,093$2,553,723$4,291,597
74$5,158,421$3,051,458$2,597,133$4,613,778
75$5,641,113$3,157,512$2,640,669$4,965,150
76$6,171,670$3,267,394$2,684,295$5,348,570
77$6,754,931$3,381,248$2,727,970$5,767,183
78$7,396,229$3,499,223$2,771,652$6,224,450
79$8,101,436$3,621,477$2,815,294$6,724,182
80$8,877,024$3,748,171$2,858,848$7,270,575
81$9,730,123$3,879,474$2,902,262$7,868,245
82$10,668,588$4,015,561$2,945,481$8,522,277
83$11,701,077$4,156,616$2,988,447$9,238,268
84$12,837,124$4,302,827$3,031,097$10,022,383
85$14,087,238$4,454,393$3,073,366$10,881,407
86$15,462,996$4,611,519$3,115,184$11,822,814
87$16,977,156$4,774,418$3,156,477$12,854,834
88$18,643,774$4,943,312$3,197,167$13,986,530
89$20,478,338$5,118,433$3,237,170$15,227,884
90$22,497,913$5,300,021$3,276,401$16,589,890
91$24,721,305$5,488,326$3,314,765$18,084,656
92$27,169,234$5,683,610$3,352,165$19,725,518
93$29,864,531$5,886,143$3,388,498$21,527,164
94$32,832,357$6,096,207$3,423,656$23,505,777
95$36,100,432$6,314,096$3,457,523$25,679,178
96$39,699,305$6,540,115$3,489,979$28,067,001
97$43,662,636$6,774,584$3,520,896$30,690,873
98$48,027,519$7,017,832$3,550,140$33,574,618
99$52,834,825$7,270,205$3,577,569$36,744,483
100$58,129,594$7,532,062$3,603,035$40,229,382