Can I retire at age 65 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$180,848$179,237$177,666$176,132$174,634$171,388
2 years$89,529$87,861$86,245$84,679$83,159$79,901
3 years$59,093$57,418$55,807$54,254$52,759$49,591
4 years$43,878$42,209$40,613$39,087$37,628$34,574
5 years$34,751$33,092$31,517$30,023$28,605$25,673
6 years$28,669$27,022$25,471$24,009$22,634$19,828
7 years$24,326$22,693$21,166$19,739$18,407$15,728
8 years$21,071$19,452$17,951$16,559$15,271$12,717
9 years$18,540$16,937$15,461$14,105$12,860$10,430
10 years$16,516$14,929$13,479$12,158$10,957$8,650
11 years$14,862$13,290$11,867$10,581$9,424$7,235
12 years$13,484$11,929$10,531$9,281$8,166$6,094
13 years$12,319$10,780$9,409$8,194$7,121$5,162
14 years$11,321$9,799$8,454$7,274$6,242$4,393
15 years$10,458$8,951$7,633$6,487$5,496$3,753
16 years$9,703$8,213$6,920$5,808$4,858$3,216
17 years$9,037$7,564$6,297$5,219$4,307$2,763
18 years$8,446$6,989$5,749$4,703$3,830$2,380
19 years$7,918$6,477$5,263$4,250$3,414$2,054
20 years$7,443$6,019$4,830$3,849$3,049$1,775
21 years$7,014$5,607$4,442$3,493$2,729$1,536
22 years$6,625$5,234$4,094$3,176$2,446$1,331
23 years$6,270$4,895$3,780$2,892$2,195$1,155
24 years$5,945$4,586$3,496$2,638$1,973$1,003
25 years$5,646$4,304$3,238$2,409$1,776$871
26 years$5,371$4,045$3,003$2,203$1,599$758
27 years$5,117$3,807$2,789$2,016$1,442$659
28 years$4,881$3,587$2,593$1,847$1,301$574
29 years$4,662$3,384$2,413$1,694$1,175$500
30 years$4,458$3,196$2,247$1,555$1,062$435
31 years$4,267$3,021$2,095$1,428$960$379
32 years$4,089$2,859$1,955$1,312$868$331
33 years$3,922$2,707$1,825$1,207$786$288
34 years$3,765$2,566$1,705$1,110$711$251
35 years$3,617$2,434$1,594$1,022$644$219
36 years$3,478$2,310$1,491$941$584$191
37 years$3,347$2,194$1,396$867$529$167
38 years$3,223$2,085$1,307$799$480$146
39 years$3,105$1,983$1,225$737$435$127
40 years$2,994$1,886$1,148$680$395$111
41 years$2,888$1,795$1,076$627$358$97
42 years$2,788$1,710$1,010$579$325$85
43 years$2,693$1,629$948$534$295$74
44 years$2,602$1,553$889$493$268$64
45 years$2,516$1,481$835$456$243$56
46 years$2,433$1,413$784$421$221$49
47 years$2,354$1,348$737$389$200$43
48 years$2,279$1,287$692$359$182$37
49 years$2,207$1,229$651$332$165$33
50 years$2,138$1,174$612$307$150$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,190,000, adding $5,267 every year, while hoping to spend $57,583 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: 44/31/25 Blend
64$2,190,000$2,190,000$2,190,000$2,190,000
65$2,418,813$2,302,743$2,268,798$2,507,492
66$2,604,264$2,354,309$2,283,535$2,622,555
67$2,806,701$2,406,473$2,296,835$2,741,245
68$3,027,796$2,459,201$2,308,591$2,868,769
69$3,269,389$2,512,460$2,318,687$3,005,981
70$3,533,507$2,566,211$2,327,003$3,153,820
71$3,822,380$2,620,410$2,333,412$3,313,319
72$4,138,464$2,675,012$2,337,783$3,485,621
73$4,484,464$2,729,964$2,339,975$3,671,985
74$4,863,358$2,785,211$2,339,843$3,873,799
75$5,278,426$2,840,692$2,337,234$4,092,594
76$5,733,280$2,896,340$2,331,985$4,330,058
77$6,231,896$2,952,083$2,323,929$4,588,053
78$6,778,658$3,007,843$2,312,888$4,868,633
79$7,378,389$3,063,535$2,298,678$5,174,061
80$8,036,404$3,119,067$2,281,103$5,506,834
81$8,758,557$3,174,342$2,259,960$5,869,708
82$9,551,297$3,229,252$2,235,036$6,265,718
83$10,421,726$3,283,682$2,206,106$6,698,215
84$11,377,669$3,337,510$2,172,938$7,170,891
85$12,427,746$3,390,602$2,135,286$7,687,819
86$13,581,451$3,442,817$2,092,894$8,253,493
87$14,849,246$3,494,002$2,045,492$8,872,864
88$16,242,655$3,543,993$1,992,802$9,551,396
89$17,774,372$3,592,616$1,934,527$10,295,112
90$19,458,387$3,639,682$1,870,362$11,110,653
91$21,310,108$3,684,992$1,799,985$12,005,344
92$23,346,514$3,728,332$1,723,060$12,987,262
93$25,586,311$3,769,473$1,639,235$14,065,311
94$28,050,108$3,808,171$1,548,143$15,249,310
95$30,760,614$3,844,166$1,449,401$16,550,088
96$33,742,847$3,877,181$1,342,606$17,979,581
97$37,024,375$3,906,920$1,227,340$19,550,952
98$40,635,570$3,933,068$1,103,166$21,278,713
99$44,609,901$3,955,291$969,624$23,178,866
100$48,984,243$3,973,232$826,239$25,269,052