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%15.5%
1 years$183,326$181,693$180,099$178,544$177,026$173,028
2 years$90,755$89,065$87,427$85,839$84,298$80,291
3 years$59,902$58,205$56,571$54,998$53,482$49,592
4 years$44,479$42,787$41,169$39,623$38,144$34,400
5 years$35,228$33,545$31,949$30,434$28,996$25,410
6 years$29,062$27,392$25,820$24,338$22,944$19,518
7 years$24,659$23,004$21,456$20,010$18,660$15,395
8 years$21,359$19,719$18,197$16,786$15,480$12,376
9 years$18,794$17,169$15,673$14,298$13,036$10,090
10 years$16,742$15,133$13,664$12,325$11,108$8,316
11 years$15,065$13,472$12,029$10,726$9,553$6,913
12 years$13,669$12,092$10,676$9,408$8,278$5,785
13 years$12,488$10,928$9,538$8,306$7,219$4,868
14 years$11,477$9,933$8,570$7,373$6,328$4,114
15 years$10,601$9,074$7,738$6,576$5,572$3,490
16 years$9,835$8,325$7,015$5,888$4,924$2,970
17 years$9,161$7,667$6,384$5,290$4,366$2,534
18 years$8,562$7,085$5,827$4,768$3,882$2,166
19 years$8,026$6,566$5,335$4,308$3,460$1,855
20 years$7,545$6,102$4,896$3,902$3,091$1,592
21 years$7,110$5,683$4,503$3,541$2,766$1,367
22 years$6,715$5,305$4,150$3,220$2,479$1,176
23 years$6,356$4,962$3,832$2,932$2,226$1,012
24 years$6,026$4,649$3,544$2,674$2,000$872
25 years$5,724$4,363$3,283$2,442$1,800$751
26 years$5,445$4,100$3,044$2,233$1,621$648
27 years$5,187$3,859$2,827$2,044$1,462$559
28 years$4,948$3,636$2,628$1,873$1,319$483
29 years$4,726$3,430$2,446$1,717$1,191$417
30 years$4,519$3,240$2,278$1,576$1,076$360
31 years$4,326$3,062$2,124$1,448$973$311
32 years$4,145$2,898$1,982$1,330$880$269
33 years$3,976$2,744$1,850$1,223$797$233
34 years$3,817$2,601$1,729$1,126$721$201
35 years$3,667$2,467$1,616$1,036$653$174
36 years$3,526$2,341$1,512$954$592$151
37 years$3,393$2,224$1,415$879$536$130
38 years$3,267$2,113$1,325$810$486$113
39 years$3,148$2,010$1,242$747$441$98
40 years$3,035$1,912$1,164$689$400$84
41 years$2,928$1,820$1,091$636$363$73
42 years$2,826$1,733$1,024$587$329$63
43 years$2,730$1,652$960$542$299$55
44 years$2,638$1,574$902$500$271$47
45 years$2,550$1,501$847$462$246$41
46 years$2,466$1,432$795$427$224$36
47 years$2,387$1,367$747$394$203$31
48 years$2,310$1,305$702$364$184$27
49 years$2,237$1,246$660$337$167$23
50 years$2,167$1,190$620$311$152$20

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 $2,895 every year, while hoping to spend $51,595 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: 43/38/19 Blend
64$2,220,000$2,220,000$2,220,000$2,220,000
65$2,449,426$2,331,766$2,297,356$2,541,088
66$2,644,371$2,391,126$2,319,421$2,665,445
67$2,857,471$2,451,665$2,340,496$2,794,814
68$3,090,523$2,513,387$2,360,493$2,933,901
69$3,345,507$2,576,294$2,379,320$3,083,627
70$3,624,601$2,640,385$2,396,879$3,245,006
71$3,930,206$2,705,658$2,413,070$3,419,153
72$4,264,962$2,772,111$2,427,783$3,607,298
73$4,631,781$2,839,738$2,440,907$3,810,796
74$5,033,867$2,908,529$2,452,321$4,031,140
75$5,474,750$2,978,475$2,461,902$4,269,972
76$5,958,316$3,049,562$2,469,518$4,529,104
77$6,488,848$3,121,775$2,475,030$4,810,533
78$7,071,062$3,195,093$2,478,296$5,116,456
79$7,710,153$3,269,495$2,479,161$5,449,296
80$8,411,844$3,344,955$2,477,468$5,811,725
81$9,182,437$3,421,444$2,473,048$6,206,684
82$10,028,877$3,498,926$2,465,727$6,637,416
83$10,958,814$3,577,365$2,455,320$7,107,495
84$11,980,675$3,656,717$2,441,635$7,620,860
85$13,103,743$3,736,936$2,424,470$8,181,851
86$14,338,248$3,817,968$2,403,612$8,795,253
87$15,695,456$3,899,756$2,378,840$9,466,339
88$17,187,782$3,982,234$2,349,921$10,200,920
89$18,828,905$4,065,332$2,316,612$11,005,402
90$20,633,893$4,148,973$2,278,659$11,886,845
91$22,619,350$4,233,073$2,235,794$12,853,031
92$24,803,569$4,317,538$2,187,738$13,912,536
93$27,206,705$4,402,270$2,134,199$15,074,816
94$29,850,966$4,487,158$2,074,871$16,350,288
95$32,760,820$4,572,084$2,009,436$17,750,440
96$35,963,229$4,656,922$1,937,557$19,287,929
97$39,487,899$4,741,532$1,858,885$20,976,710
98$43,367,563$4,825,764$1,773,056$22,832,162
99$47,638,287$4,909,459$1,679,686$24,871,236
100$52,339,812$4,992,443$1,578,376$27,112,618