Can I retire at age 65 with 2,220,000?

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$183,326$181,693$180,099$178,544$177,026$174,597
2 years$90,755$89,065$87,427$85,839$84,298$81,855
3 years$59,902$58,205$56,571$54,998$53,482$51,101
4 years$44,479$42,787$41,169$39,623$38,144$35,843
5 years$35,228$33,545$31,949$30,434$28,996$26,783
6 years$29,062$27,392$25,820$24,338$22,944$20,820
7 years$24,659$23,004$21,456$20,010$18,660$16,626
8 years$21,359$19,719$18,197$16,786$15,480$13,537
9 years$18,794$17,169$15,673$14,298$13,036$11,182
10 years$16,742$15,133$13,664$12,325$11,108$9,342
11 years$15,065$13,472$12,029$10,726$9,553$7,873
12 years$13,669$12,092$10,676$9,408$8,278$6,683
13 years$12,488$10,928$9,538$8,306$7,219$5,706
14 years$11,477$9,933$8,570$7,373$6,328$4,895
15 years$10,601$9,074$7,738$6,576$5,572$4,216
16 years$9,835$8,325$7,015$5,888$4,924$3,643
17 years$9,161$7,667$6,384$5,290$4,366$3,158
18 years$8,562$7,085$5,827$4,768$3,882$2,743
19 years$8,026$6,566$5,335$4,308$3,460$2,388
20 years$7,545$6,102$4,896$3,902$3,091$2,083
21 years$7,110$5,683$4,503$3,541$2,766$1,819
22 years$6,715$5,305$4,150$3,220$2,479$1,591
23 years$6,356$4,962$3,832$2,932$2,226$1,393
24 years$6,026$4,649$3,544$2,674$2,000$1,221
25 years$5,724$4,363$3,283$2,442$1,800$1,071
26 years$5,445$4,100$3,044$2,233$1,621$940
27 years$5,187$3,859$2,827$2,044$1,462$826
28 years$4,948$3,636$2,628$1,873$1,319$726
29 years$4,726$3,430$2,446$1,717$1,191$638
30 years$4,519$3,240$2,278$1,576$1,076$562
31 years$4,326$3,062$2,124$1,448$973$494
32 years$4,145$2,898$1,982$1,330$880$435
33 years$3,976$2,744$1,850$1,223$797$383
34 years$3,817$2,601$1,729$1,126$721$338
35 years$3,667$2,467$1,616$1,036$653$297
36 years$3,526$2,341$1,512$954$592$262
37 years$3,393$2,224$1,415$879$536$231
38 years$3,267$2,113$1,325$810$486$204
39 years$3,148$2,010$1,242$747$441$180
40 years$3,035$1,912$1,164$689$400$158
41 years$2,928$1,820$1,091$636$363$140
42 years$2,826$1,733$1,024$587$329$123
43 years$2,730$1,652$960$542$299$109
44 years$2,638$1,574$902$500$271$96
45 years$2,550$1,501$847$462$246$85
46 years$2,466$1,432$795$427$224$75
47 years$2,387$1,367$747$394$203$66
48 years$2,310$1,305$702$364$184$58
49 years$2,237$1,246$660$337$167$51
50 years$2,167$1,190$620$311$152$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,220,000, adding $6,915 every year, while hoping to spend $45,474 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: 84/8/8 Blend
64$2,220,000$2,220,000$2,220,000$2,220,000
65$2,453,573$2,335,913$2,301,503$2,656,883
66$2,655,453$2,401,989$2,330,219$2,856,802
67$2,876,401$2,469,778$2,358,373$3,069,487
68$3,118,314$2,539,317$2,385,899$3,301,677
69$3,383,280$2,610,642$2,412,725$3,555,304
70$3,673,601$2,683,789$2,438,776$3,832,495
71$3,991,808$2,758,794$2,463,975$4,135,590
72$4,340,693$2,835,695$2,488,239$4,467,170
73$4,723,328$2,914,529$2,511,479$4,830,074
74$5,143,098$2,995,332$2,533,605$5,227,432
75$5,603,732$3,078,141$2,554,518$5,662,690
76$6,109,335$3,162,992$2,574,117$6,139,644
77$6,664,432$3,249,924$2,592,295$6,662,476
78$7,274,005$3,338,971$2,608,938$7,235,792
79$7,943,543$3,430,170$2,623,926$7,864,667
80$8,679,092$3,523,557$2,637,137$8,554,690
81$9,487,316$3,619,167$2,648,436$9,312,021
82$10,375,551$3,717,035$2,657,688$10,143,445
83$11,351,882$3,817,195$2,664,746$11,056,435
84$12,425,218$3,919,681$2,669,458$12,059,229
85$13,605,370$4,024,525$2,671,665$13,160,899
86$14,903,150$4,131,759$2,671,198$14,371,442
87$16,330,470$4,241,414$2,667,882$15,701,873
88$17,900,453$4,353,518$2,661,531$17,164,327
89$19,627,559$4,468,100$2,651,952$18,772,177
90$21,527,719$4,585,187$2,638,942$20,540,154
91$23,618,488$4,704,802$2,622,288$22,484,494
92$25,919,205$4,826,969$2,601,766$24,623,083
93$28,451,182$4,951,709$2,577,143$26,975,631
94$31,237,900$5,079,040$2,548,175$29,563,856
95$34,305,231$5,208,978$2,514,604$32,411,686
96$37,681,683$5,341,536$2,476,162$35,545,492
97$41,398,669$5,476,726$2,432,567$38,994,329
98$45,490,801$5,614,553$2,383,526$42,790,214
99$49,996,219$5,755,023$2,328,731$46,968,426
100$54,956,949$5,898,134$2,267,858$51,567,842