Can I retire at age 65 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$188,280$186,603$184,967$183,370$181,810$180,513
2 years$93,208$91,472$89,790$88,159$86,576$85,268
3 years$61,521$59,778$58,100$56,484$54,928$53,649
4 years$45,681$43,943$42,282$40,694$39,175$37,936
5 years$36,180$34,452$32,812$31,257$29,780$28,584
6 years$29,847$28,133$26,517$24,996$23,564$22,413
7 years$25,326$23,626$22,036$20,551$19,164$18,058
8 years$21,936$20,252$18,688$17,239$15,898$14,838
9 years$19,302$17,633$16,096$14,684$13,389$12,373
10 years$17,195$15,542$14,033$12,658$11,408$10,437
11 years$15,472$13,836$12,354$11,016$9,811$8,884
12 years$14,038$12,419$10,964$9,663$8,502$7,617
13 years$12,825$11,223$9,796$8,531$7,414$6,571
14 years$11,787$10,201$8,802$7,573$6,499$5,697
15 years$10,887$9,319$7,947$6,753$5,722$4,960
16 years$10,101$8,550$7,205$6,047$5,057$4,334
17 years$9,408$7,874$6,556$5,433$4,484$3,799
18 years$8,793$7,276$5,985$4,896$3,987$3,338
19 years$8,243$6,744$5,479$4,424$3,554$2,940
20 years$7,749$6,266$5,028$4,007$3,174$2,594
21 years$7,302$5,837$4,625$3,637$2,841$2,293
22 years$6,897$5,449$4,263$3,307$2,546$2,029
23 years$6,527$5,096$3,936$3,011$2,286$1,799
24 years$6,189$4,775$3,640$2,747$2,054$1,596
25 years$5,878$4,481$3,371$2,508$1,849$1,418
26 years$5,592$4,211$3,127$2,293$1,665$1,260
27 years$5,327$3,963$2,903$2,099$1,501$1,121
28 years$5,082$3,734$2,699$1,923$1,355$998
29 years$4,854$3,523$2,512$1,764$1,223$889
30 years$4,641$3,327$2,340$1,619$1,105$793
31 years$4,443$3,145$2,181$1,487$999$707
32 years$4,257$2,976$2,035$1,366$904$631
33 years$4,083$2,818$1,900$1,256$818$563
34 years$3,920$2,671$1,775$1,156$741$502
35 years$3,766$2,534$1,660$1,064$671$449
36 years$3,621$2,405$1,553$980$608$401
37 years$3,484$2,284$1,453$903$551$358
38 years$3,355$2,171$1,361$832$499$320
39 years$3,233$2,064$1,275$767$453$286
40 years$3,117$1,964$1,195$708$411$256
41 years$3,007$1,869$1,121$653$373$229
42 years$2,903$1,780$1,051$603$338$204
43 years$2,803$1,696$986$556$307$183
44 years$2,709$1,617$926$514$279$164
45 years$2,619$1,542$869$474$253$146
46 years$2,533$1,471$817$438$230$131
47 years$2,451$1,404$767$405$209$117
48 years$2,373$1,340$721$374$189$105
49 years$2,298$1,280$678$346$172$94
50 years$2,226$1,222$637$320$156$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,280,000, adding $5,075 every year, while hoping to spend $55,396 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: 46/33/21 Blend
64$2,280,000$2,280,000$2,280,000$2,280,000
65$2,517,795$2,396,955$2,361,615$2,618,260
66$2,715,669$2,455,465$2,381,788$2,747,700
67$2,931,870$2,514,985$2,400,780$2,882,153
68$3,168,208$2,575,507$2,418,494$3,026,887
69$3,426,677$2,637,018$2,434,825$3,182,886
70$3,709,472$2,699,506$2,449,666$3,351,236
71$4,019,011$2,762,954$2,462,902$3,533,131
72$4,357,954$2,827,344$2,474,414$3,729,888
73$4,729,233$2,892,651$2,484,075$3,942,958
74$5,136,076$2,958,852$2,491,752$4,173,940
75$5,582,037$3,025,918$2,497,307$4,424,595
76$6,071,032$3,093,815$2,500,594$4,696,866
77$6,607,373$3,162,507$2,501,460$4,992,893
78$7,195,809$3,231,954$2,499,743$5,315,033
79$7,841,572$3,302,110$2,495,274$5,665,888
80$8,550,424$3,372,925$2,487,877$6,048,323
81$9,328,712$3,444,344$2,477,367$6,465,496
82$10,183,430$3,516,305$2,463,548$6,920,889
83$11,122,279$3,588,744$2,446,216$7,418,338
84$12,153,746$3,661,586$2,425,158$7,962,075
85$13,287,177$3,734,753$2,400,150$8,556,763
86$14,532,871$3,808,158$2,370,957$9,207,539
87$15,902,174$3,881,708$2,337,334$9,920,072
88$17,407,585$3,955,301$2,299,024$10,700,605
89$19,062,874$4,028,826$2,255,757$11,556,024
90$20,883,214$4,102,165$2,207,251$12,493,917
91$22,885,320$4,175,189$2,153,213$13,522,649
92$25,087,609$4,247,761$2,093,332$14,651,442
93$27,510,374$4,319,730$2,027,287$15,890,461
94$30,175,971$4,390,935$1,954,741$17,250,910
95$33,109,035$4,461,206$1,875,339$18,745,142
96$36,336,707$4,530,356$1,788,714$20,386,770
97$39,888,894$4,598,186$1,694,479$22,190,804
98$43,798,549$4,664,484$1,592,231$24,173,785
99$48,101,979$4,729,022$1,481,549$26,353,951
100$52,839,192$4,791,556$1,361,992$28,751,401