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%11.6%
1 years$183,326$181,693$180,099$178,544$177,026$175,837
2 years$90,755$89,065$87,427$85,839$84,298$83,099
3 years$59,902$58,205$56,571$54,998$53,482$52,310
4 years$44,479$42,787$41,169$39,623$38,144$37,007
5 years$35,228$33,545$31,949$30,434$28,996$27,899
6 years$29,062$27,392$25,820$24,338$22,944$21,888
7 years$24,659$23,004$21,456$20,010$18,660$17,644
8 years$21,359$19,719$18,197$16,786$15,480$14,506
9 years$18,794$17,169$15,673$14,298$13,036$12,104
10 years$16,742$15,133$13,664$12,325$11,108$10,215
11 years$15,065$13,472$12,029$10,726$9,553$8,701
12 years$13,669$12,092$10,676$9,408$8,278$7,465
13 years$12,488$10,928$9,538$8,306$7,219$6,444
14 years$11,477$9,933$8,570$7,373$6,328$5,591
15 years$10,601$9,074$7,738$6,576$5,572$4,871
16 years$9,835$8,325$7,015$5,888$4,924$4,259
17 years$9,161$7,667$6,384$5,290$4,366$3,735
18 years$8,562$7,085$5,827$4,768$3,882$3,284
19 years$8,026$6,566$5,335$4,308$3,460$2,895
20 years$7,545$6,102$4,896$3,902$3,091$2,556
21 years$7,110$5,683$4,503$3,541$2,766$2,261
22 years$6,715$5,305$4,150$3,220$2,479$2,003
23 years$6,356$4,962$3,832$2,932$2,226$1,776
24 years$6,026$4,649$3,544$2,674$2,000$1,578
25 years$5,724$4,363$3,283$2,442$1,800$1,402
26 years$5,445$4,100$3,044$2,233$1,621$1,248
27 years$5,187$3,859$2,827$2,044$1,462$1,111
28 years$4,948$3,636$2,628$1,873$1,319$990
29 years$4,726$3,430$2,446$1,717$1,191$882
30 years$4,519$3,240$2,278$1,576$1,076$787
31 years$4,326$3,062$2,124$1,448$973$703
32 years$4,145$2,898$1,982$1,330$880$627
33 years$3,976$2,744$1,850$1,223$797$560
34 years$3,817$2,601$1,729$1,126$721$501
35 years$3,667$2,467$1,616$1,036$653$447
36 years$3,526$2,341$1,512$954$592$400
37 years$3,393$2,224$1,415$879$536$358
38 years$3,267$2,113$1,325$810$486$320
39 years$3,148$2,010$1,242$747$441$286
40 years$3,035$1,912$1,164$689$400$256
41 years$2,928$1,820$1,091$636$363$229
42 years$2,826$1,733$1,024$587$329$205
43 years$2,730$1,652$960$542$299$184
44 years$2,638$1,574$902$500$271$164
45 years$2,550$1,501$847$462$246$147
46 years$2,466$1,432$795$427$224$132
47 years$2,387$1,367$747$394$203$118
48 years$2,310$1,305$702$364$184$106
49 years$2,237$1,246$660$337$167$95
50 years$2,167$1,190$620$311$152$85

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 $3,175 every year, while hoping to spend $45,284 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: 82/11/7 Blend
64$2,220,000$2,220,000$2,220,000$2,220,000
65$2,449,715$2,332,055$2,297,645$2,648,680
66$2,651,404$2,398,144$2,326,434$2,845,345
67$2,872,148$2,465,953$2,354,670$3,054,824
68$3,113,842$2,535,520$2,382,287$3,283,397
69$3,378,574$2,606,881$2,409,213$3,532,949
70$3,668,643$2,680,072$2,435,376$3,805,557
71$3,986,580$2,755,132$2,460,698$4,103,508
72$4,335,175$2,832,097$2,485,095$4,429,321
73$4,717,499$2,911,005$2,508,481$4,785,768
74$5,136,934$2,991,895$2,530,765$5,175,904
75$5,597,206$3,074,802$2,551,851$5,603,094
76$6,102,419$3,159,766$2,571,636$6,071,044
77$6,657,095$3,246,824$2,590,015$6,583,835
78$7,266,213$3,336,012$2,606,874$7,145,965
79$7,935,258$3,427,369$2,622,097$7,762,385
80$8,670,275$3,520,930$2,635,558$8,438,554
81$9,477,921$3,616,734$2,647,127$9,180,480
82$10,365,530$3,714,814$2,656,666$9,994,788
83$11,341,182$3,815,208$2,664,033$10,888,771
84$12,413,779$3,917,950$2,669,074$11,870,468
85$13,593,129$4,023,074$2,671,632$12,948,733
86$14,890,036$4,130,613$2,671,540$14,133,323
87$16,316,406$4,240,599$2,668,623$15,434,986
88$17,885,355$4,353,064$2,662,697$16,865,565
89$19,611,333$4,468,036$2,653,570$18,438,109
90$21,510,264$4,585,545$2,641,040$20,166,995
91$23,599,692$4,705,617$2,624,895$22,068,064
92$25,898,945$4,828,277$2,604,913$24,158,771
93$28,429,322$4,953,547$2,580,863$26,458,347
94$31,214,292$5,081,450$2,552,501$28,987,984
95$34,279,712$5,212,003$2,519,572$31,771,033
96$37,654,074$5,345,223$2,481,808$34,833,222
97$41,368,772$5,481,122$2,438,932$38,202,903
98$45,458,401$5,619,710$2,390,650$41,911,316
99$49,961,076$5,760,994$2,336,655$45,992,885
100$54,918,801$5,904,978$2,276,628$50,485,541