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%13.7%
1 years$183,326$181,693$180,099$178,544$177,026$174,309
2 years$90,755$89,065$87,427$85,839$84,298$81,567
3 years$59,902$58,205$56,571$54,998$53,482$50,822
4 years$44,479$42,787$41,169$39,623$38,144$35,576
5 years$35,228$33,545$31,949$30,434$28,996$26,527
6 years$29,062$27,392$25,820$24,338$22,944$20,577
7 years$24,659$23,004$21,456$20,010$18,660$16,395
8 years$21,359$19,719$18,197$16,786$15,480$13,318
9 years$18,794$17,169$15,673$14,298$13,036$10,976
10 years$16,742$15,133$13,664$12,325$11,108$9,147
11 years$15,065$13,472$12,029$10,726$9,553$7,690
12 years$13,669$12,092$10,676$9,408$8,278$6,511
13 years$12,488$10,928$9,538$8,306$7,219$5,544
14 years$11,477$9,933$8,570$7,373$6,328$4,743
15 years$10,601$9,074$7,738$6,576$5,572$4,074
16 years$9,835$8,325$7,015$5,888$4,924$3,511
17 years$9,161$7,667$6,384$5,290$4,366$3,034
18 years$8,562$7,085$5,827$4,768$3,882$2,628
19 years$8,026$6,566$5,335$4,308$3,460$2,281
20 years$7,545$6,102$4,896$3,902$3,091$1,984
21 years$7,110$5,683$4,503$3,541$2,766$1,727
22 years$6,715$5,305$4,150$3,220$2,479$1,506
23 years$6,356$4,962$3,832$2,932$2,226$1,315
24 years$6,026$4,649$3,544$2,674$2,000$1,149
25 years$5,724$4,363$3,283$2,442$1,800$1,004
26 years$5,445$4,100$3,044$2,233$1,621$879
27 years$5,187$3,859$2,827$2,044$1,462$770
28 years$4,948$3,636$2,628$1,873$1,319$674
29 years$4,726$3,430$2,446$1,717$1,191$591
30 years$4,519$3,240$2,278$1,576$1,076$518
31 years$4,326$3,062$2,124$1,448$973$455
32 years$4,145$2,898$1,982$1,330$880$399
33 years$3,976$2,744$1,850$1,223$797$350
34 years$3,817$2,601$1,729$1,126$721$307
35 years$3,667$2,467$1,616$1,036$653$270
36 years$3,526$2,341$1,512$954$592$237
37 years$3,393$2,224$1,415$879$536$208
38 years$3,267$2,113$1,325$810$486$183
39 years$3,148$2,010$1,242$747$441$161
40 years$3,035$1,912$1,164$689$400$141
41 years$2,928$1,820$1,091$636$363$124
42 years$2,826$1,733$1,024$587$329$109
43 years$2,730$1,652$960$542$299$96
44 years$2,638$1,574$902$500$271$84
45 years$2,550$1,501$847$462$246$74
46 years$2,466$1,432$795$427$224$65
47 years$2,387$1,367$747$394$203$57
48 years$2,310$1,305$702$364$184$50
49 years$2,237$1,246$660$337$167$44
50 years$2,167$1,190$620$311$152$39

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 $2,260 every year, while hoping to spend $30,419 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: 69/12/19 Blend
64$2,220,000$2,220,000$2,220,000$2,220,000
65$2,448,771$2,331,111$2,296,701$2,606,236
66$2,666,180$2,412,970$2,341,275$2,793,474
67$2,904,746$2,497,820$2,386,323$2,994,485
68$3,166,593$2,585,777$2,431,828$3,213,683
69$3,454,064$2,676,959$2,477,773$3,452,859
70$3,769,738$2,771,489$2,524,138$3,713,988
71$4,116,457$2,869,498$2,570,902$3,999,242
72$4,497,350$2,971,118$2,618,042$4,311,012
73$4,915,867$3,076,489$2,665,533$4,651,935
74$5,375,805$3,185,758$2,713,348$5,024,912
75$5,881,351$3,299,073$2,761,459$5,433,138
76$6,437,114$3,416,594$2,809,834$5,880,133
77$7,048,176$3,538,482$2,858,439$6,369,775
78$7,720,131$3,664,909$2,907,238$6,906,332
79$8,459,147$3,796,052$2,956,193$7,494,508
80$9,272,016$3,932,095$3,005,262$8,139,484
81$10,166,225$4,073,231$3,054,401$8,846,968
82$11,150,019$4,219,658$3,103,562$9,623,245
83$12,232,485$4,371,586$3,152,696$10,475,242
84$13,423,636$4,529,231$3,201,749$11,410,589
85$14,734,503$4,692,819$3,250,663$12,437,690
86$16,177,240$4,862,585$3,299,378$13,565,807
87$17,765,240$5,038,774$3,347,829$14,805,140
88$19,513,262$5,221,640$3,395,948$16,166,930
89$21,437,564$5,411,450$3,443,662$17,663,560
90$23,556,064$5,608,480$3,490,894$19,308,674
91$25,888,506$5,813,019$3,537,562$21,117,305
92$28,456,642$6,025,366$3,583,579$23,106,014
93$31,284,445$6,245,834$3,628,855$25,293,050
94$34,398,329$6,474,750$3,673,291$27,698,522
95$37,827,399$6,712,454$3,716,787$30,344,582
96$41,603,729$6,959,298$3,759,234$33,255,642
97$45,762,658$7,215,654$3,800,518$36,458,600
98$50,343,133$7,481,904$3,840,518$39,983,091
99$55,388,065$7,758,449$3,879,108$43,861,773
100$60,944,743$8,045,709$3,916,154$48,130,629