Can I retire at age 65 with 2,230,000?

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 $2,230,000?

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$184,151$182,511$180,911$179,349$177,823$176,629
2 years$91,164$89,466$87,821$86,225$84,678$83,473
3 years$60,172$58,467$56,826$55,245$53,723$52,545
4 years$44,679$42,980$41,355$39,801$38,316$37,174
5 years$35,386$33,696$32,093$30,571$29,127$28,025
6 years$29,193$27,516$25,936$24,448$23,047$21,986
7 years$24,771$23,108$21,553$20,100$18,744$17,724
8 years$21,455$19,808$18,278$16,861$15,550$14,571
9 years$18,878$17,246$15,743$14,362$13,095$12,158
10 years$16,818$15,202$13,725$12,380$11,158$10,261
11 years$15,133$13,533$12,084$10,775$9,596$8,740
12 years$13,730$12,147$10,724$9,451$8,316$7,499
13 years$12,544$10,977$9,581$8,344$7,251$6,473
14 years$11,528$9,978$8,609$7,407$6,357$5,616
15 years$10,649$9,115$7,772$6,605$5,597$4,893
16 years$9,880$8,363$7,047$5,914$4,946$4,278
17 years$9,202$7,702$6,412$5,314$4,386$3,752
18 years$8,600$7,117$5,854$4,789$3,900$3,299
19 years$8,062$6,596$5,359$4,327$3,476$2,908
20 years$7,579$6,129$4,918$3,919$3,105$2,567
21 years$7,142$5,709$4,524$3,557$2,778$2,271
22 years$6,746$5,329$4,169$3,234$2,490$2,012
23 years$6,384$4,984$3,850$2,945$2,236$1,784
24 years$6,053$4,670$3,560$2,686$2,009$1,585
25 years$5,749$4,382$3,297$2,453$1,808$1,409
26 years$5,469$4,119$3,058$2,243$1,629$1,253
27 years$5,210$3,876$2,840$2,053$1,468$1,116
28 years$4,970$3,653$2,640$1,881$1,325$994
29 years$4,747$3,446$2,457$1,725$1,196$886
30 years$4,539$3,254$2,288$1,583$1,081$791
31 years$4,345$3,076$2,133$1,454$977$706
32 years$4,164$2,911$1,990$1,336$884$630
33 years$3,994$2,757$1,858$1,229$800$563
34 years$3,834$2,613$1,736$1,131$724$503
35 years$3,683$2,478$1,623$1,041$656$449
36 years$3,542$2,352$1,519$959$594$402
37 years$3,408$2,234$1,421$883$539$359
38 years$3,282$2,123$1,331$814$488$321
39 years$3,162$2,019$1,247$751$443$288
40 years$3,049$1,921$1,169$692$402$257
41 years$2,941$1,828$1,096$639$365$230
42 years$2,839$1,741$1,028$589$331$206
43 years$2,742$1,659$965$544$300$184
44 years$2,650$1,581$906$502$272$165
45 years$2,561$1,508$850$464$247$148
46 years$2,477$1,439$799$429$225$132
47 years$2,397$1,373$750$396$204$119
48 years$2,321$1,311$705$366$185$106
49 years$2,247$1,252$663$338$168$95
50 years$2,177$1,195$623$313$153$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,230,000, adding $3,331 every year, while hoping to spend $41,455 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: 80/5/15 Blend
64$2,230,000$2,230,000$2,230,000$2,230,000
65$2,460,896$2,342,706$2,308,141$2,649,914
66$2,667,800$2,413,391$2,341,356$2,845,412
67$2,894,418$2,486,150$2,374,294$3,054,245
68$3,142,718$2,561,041$2,406,903$3,282,257
69$3,414,867$2,638,123$2,439,125$3,531,353
70$3,713,250$2,717,457$2,470,902$3,803,631
71$4,040,495$2,799,106$2,502,171$4,101,400
72$4,399,496$2,883,134$2,532,865$4,427,206
73$4,793,442$2,969,605$2,562,913$4,783,852
74$5,225,845$3,058,587$2,592,242$5,174,425
75$5,700,571$3,150,148$2,620,773$5,602,328
76$6,221,884$3,244,359$2,648,423$6,071,309
77$6,794,475$3,341,292$2,675,104$6,585,494
78$7,423,516$3,441,020$2,700,725$7,149,434
79$8,114,704$3,543,620$2,725,189$7,768,138
80$8,874,314$3,649,167$2,748,392$8,447,129
81$9,709,259$3,757,741$2,770,228$9,192,487
82$10,627,156$3,869,423$2,790,584$10,010,915
83$11,636,396$3,984,295$2,809,339$10,909,797
84$12,746,225$4,102,442$2,826,368$11,897,269
85$13,966,828$4,223,950$2,841,540$12,982,294
86$15,309,429$4,348,907$2,854,715$14,174,750
87$16,786,391$4,477,404$2,865,748$15,485,520
88$18,411,338$4,609,532$2,874,486$16,926,596
89$20,199,281$4,745,385$2,880,768$18,511,190
90$22,166,758$4,885,060$2,884,424$20,253,864
91$24,331,994$5,028,655$2,885,279$22,170,660
92$26,715,067$5,176,268$2,883,145$24,279,258
93$29,338,101$5,328,003$2,877,828$26,599,136
94$32,225,475$5,483,962$2,869,123$29,151,761
95$35,404,050$5,644,253$2,856,815$31,960,787
96$38,903,424$5,808,983$2,840,680$35,052,279
97$42,756,212$5,978,261$2,820,481$38,454,957
98$46,998,350$6,152,201$2,795,971$42,200,473
99$51,669,438$6,330,914$2,766,892$46,323,704
100$56,813,110$6,514,519$2,732,973$50,863,081