Can I retire at age 65 with 2,240,000?

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 $2,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$184,977$183,329$181,722$180,153$178,621$176,316
2 years$91,573$89,867$88,215$86,612$85,057$82,738
3 years$60,442$58,729$57,081$55,493$53,964$51,703
4 years$44,880$43,172$41,540$39,980$38,488$36,302
5 years$35,545$33,848$32,237$30,708$29,258$27,154
6 years$29,324$27,639$26,052$24,558$23,151$21,131
7 years$24,882$23,211$21,649$20,190$18,828$16,894
8 years$21,552$19,896$18,360$16,937$15,619$13,770
9 years$18,963$17,323$15,814$14,427$13,154$11,389
10 years$16,893$15,270$13,787$12,436$11,208$9,526
11 years$15,201$13,594$12,138$10,823$9,639$8,038
12 years$13,792$12,201$10,772$9,493$8,353$6,832
13 years$12,600$11,026$9,624$8,381$7,284$5,841
14 years$11,580$10,022$8,647$7,440$6,385$5,017
15 years$10,696$9,156$7,807$6,635$5,622$4,327
16 years$9,924$8,400$7,078$5,941$4,969$3,745
17 years$9,243$7,736$6,441$5,338$4,406$3,250
18 years$8,639$7,149$5,880$4,810$3,917$2,827
19 years$8,099$6,625$5,383$4,347$3,491$2,465
20 years$7,613$6,157$4,940$3,937$3,119$2,153
21 years$7,174$5,735$4,544$3,573$2,791$1,883
22 years$6,776$5,353$4,188$3,249$2,502$1,649
23 years$6,413$5,007$3,867$2,959$2,246$1,446
24 years$6,080$4,691$3,576$2,698$2,018$1,270
25 years$5,775$4,402$3,312$2,464$1,816$1,116
26 years$5,494$4,137$3,072$2,253$1,636$981
27 years$5,234$3,894$2,853$2,062$1,475$863
28 years$4,992$3,669$2,652$1,890$1,331$760
29 years$4,768$3,461$2,468$1,733$1,202$669
30 years$4,560$3,269$2,299$1,590$1,086$590
31 years$4,365$3,090$2,143$1,461$982$520
32 years$4,182$2,924$1,999$1,342$888$458
33 years$4,012$2,769$1,867$1,234$804$404
34 years$3,851$2,624$1,744$1,136$728$357
35 years$3,700$2,489$1,631$1,045$659$315
36 years$3,558$2,363$1,526$963$597$278
37 years$3,423$2,244$1,428$887$541$245
38 years$3,296$2,132$1,337$818$491$217
39 years$3,176$2,028$1,253$754$445$191
40 years$3,062$1,929$1,174$695$404$169
41 years$2,954$1,836$1,101$642$366$149
42 years$2,852$1,749$1,033$592$332$132
43 years$2,754$1,666$969$547$302$117
44 years$2,661$1,588$910$505$274$103
45 years$2,573$1,515$854$466$248$91
46 years$2,489$1,445$802$431$226$80
47 years$2,408$1,379$754$398$205$71
48 years$2,331$1,316$708$368$186$63
49 years$2,257$1,257$666$340$169$56
50 years$2,187$1,201$626$314$153$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,240,000, adding $5,065 every year, while hoping to spend $42,914 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: 65/29/6 Blend
64$2,240,000$2,240,000$2,240,000$2,240,000
65$2,473,705$2,354,985$2,320,265$2,631,773
66$2,680,362$2,424,719$2,352,333$2,807,203
67$2,906,661$2,496,431$2,384,038$2,993,201
68$3,154,558$2,570,174$2,415,321$3,195,266
69$3,426,211$2,646,001$2,446,122$3,414,954
70$3,723,993$2,723,964$2,476,376$3,653,979
71$4,050,521$2,804,119$2,506,016$3,914,227
72$4,408,676$2,886,522$2,534,968$4,197,775
73$4,801,629$2,971,230$2,563,159$4,506,908
74$5,232,877$3,058,302$2,590,506$4,844,142
75$5,706,269$3,147,797$2,616,927$5,212,249
76$6,226,046$3,239,777$2,642,331$5,614,278
77$6,796,878$3,334,301$2,666,624$6,053,589
78$7,423,912$3,431,435$2,689,709$6,533,881
79$8,112,817$3,531,241$2,711,480$7,059,228
80$8,869,838$3,633,785$2,731,828$7,634,116
81$9,701,855$3,739,134$2,750,637$8,263,487
82$10,616,447$3,847,354$2,767,787$8,952,783
83$11,621,965$3,958,515$2,783,148$9,708,000
84$12,727,608$4,072,685$2,796,587$10,535,739
85$13,943,514$4,189,937$2,807,962$11,443,274
86$15,280,850$4,310,341$2,817,126$12,438,618
87$16,751,920$4,433,971$2,823,923$13,530,596
88$18,370,279$4,560,899$2,828,188$14,728,933
89$20,150,866$4,691,202$2,829,751$16,044,338
90$22,110,138$4,824,954$2,828,431$17,488,614
91$24,266,228$4,962,232$2,824,039$19,074,760
92$26,639,115$5,103,114$2,816,377$20,817,099
93$29,250,816$5,247,678$2,805,237$22,731,413
94$32,125,588$5,396,002$2,790,400$24,835,088
95$35,290,158$5,548,167$2,771,639$27,147,280
96$38,773,980$5,704,252$2,748,714$29,689,094
97$42,609,504$5,864,339$2,721,374$32,483,785
98$46,832,489$6,028,508$2,689,357$35,556,977
99$51,482,340$6,196,841$2,652,386$38,936,901
100$56,602,472$6,369,420$2,610,175$42,654,664