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

Use the below retirement simulation to view the chances of a successful retirement.
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%12%
1 years$188,280$186,603$184,967$183,370$181,810$180,287
2 years$93,208$91,472$89,790$88,159$86,576$85,041
3 years$61,521$59,778$58,100$56,484$54,928$53,428
4 years$45,681$43,943$42,282$40,694$39,175$37,722
5 years$36,180$34,452$32,812$31,257$29,780$28,379
6 years$29,847$28,133$26,517$24,996$23,564$22,216
7 years$25,326$23,626$22,036$20,551$19,164$17,870
8 years$21,936$20,252$18,688$17,239$15,898$14,658
9 years$19,302$17,633$16,096$14,684$13,389$12,202
10 years$17,195$15,542$14,033$12,658$11,408$10,274
11 years$15,472$13,836$12,354$11,016$9,811$8,729
12 years$14,038$12,419$10,964$9,663$8,502$7,471
13 years$12,825$11,223$9,796$8,531$7,414$6,432
14 years$11,787$10,201$8,802$7,573$6,499$5,566
15 years$10,887$9,319$7,947$6,753$5,722$4,836
16 years$10,101$8,550$7,205$6,047$5,057$4,217
17 years$9,408$7,874$6,556$5,433$4,484$3,688
18 years$8,793$7,276$5,985$4,896$3,987$3,234
19 years$8,243$6,744$5,479$4,424$3,554$2,842
20 years$7,749$6,266$5,028$4,007$3,174$2,502
21 years$7,302$5,837$4,625$3,637$2,841$2,207
22 years$6,897$5,449$4,263$3,307$2,546$1,949
23 years$6,527$5,096$3,936$3,011$2,286$1,724
24 years$6,189$4,775$3,640$2,747$2,054$1,526
25 years$5,878$4,481$3,371$2,508$1,849$1,352
26 years$5,592$4,211$3,127$2,293$1,665$1,199
27 years$5,327$3,963$2,903$2,099$1,501$1,064
28 years$5,082$3,734$2,699$1,923$1,355$945
29 years$4,854$3,523$2,512$1,764$1,223$840
30 years$4,641$3,327$2,340$1,619$1,105$747
31 years$4,443$3,145$2,181$1,487$999$665
32 years$4,257$2,976$2,035$1,366$904$591
33 years$4,083$2,818$1,900$1,256$818$526
34 years$3,920$2,671$1,775$1,156$741$469
35 years$3,766$2,534$1,660$1,064$671$418
36 years$3,621$2,405$1,553$980$608$372
37 years$3,484$2,284$1,453$903$551$332
38 years$3,355$2,171$1,361$832$499$296
39 years$3,233$2,064$1,275$767$453$264
40 years$3,117$1,964$1,195$708$411$235
41 years$3,007$1,869$1,121$653$373$210
42 years$2,903$1,780$1,051$603$338$187
43 years$2,803$1,696$986$556$307$167
44 years$2,709$1,617$926$514$279$149
45 years$2,619$1,542$869$474$253$133
46 years$2,533$1,471$817$438$230$118
47 years$2,451$1,404$767$405$209$106
48 years$2,373$1,340$721$374$189$94
49 years$2,298$1,280$678$346$172$84
50 years$2,226$1,222$637$320$156$75

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 $2,493 every year, while hoping to spend $33,556 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: 82/13/5 Blend
64$2,280,000$2,280,000$2,280,000$2,280,000
65$2,515,132$2,394,292$2,358,952$2,720,946
66$2,735,972$2,475,908$2,402,273$2,937,384
67$2,978,213$2,560,400$2,445,921$3,170,163
68$3,244,002$2,647,872$2,489,872$3,424,648
69$3,535,706$2,738,433$2,534,098$3,702,988
70$3,855,929$2,832,197$2,578,571$4,007,552
71$4,207,542$2,929,282$2,623,261$4,340,949
72$4,593,705$3,029,812$2,668,134$4,706,050
73$5,017,903$3,133,912$2,713,157$5,106,019
74$5,483,972$3,241,716$2,758,290$5,544,339
75$5,996,138$3,353,362$2,803,494$6,024,846
76$6,559,058$3,468,991$2,848,725$6,551,765
77$7,177,863$3,588,752$2,893,938$7,129,751
78$7,858,204$3,712,800$2,939,084$7,763,928
79$8,606,308$3,841,294$2,984,111$8,459,944
80$9,429,035$3,974,401$3,028,962$9,224,017
81$10,333,944$4,112,295$3,073,580$10,062,999
82$11,329,364$4,255,154$3,117,902$10,984,436
83$12,424,468$4,403,166$3,161,862$11,996,642
84$13,629,369$4,556,526$3,205,388$13,108,775
85$14,955,203$4,715,434$3,248,408$14,330,926
86$16,414,245$4,880,102$3,290,841$15,674,209
87$18,020,018$5,050,747$3,332,604$17,150,871
88$19,787,423$5,227,597$3,373,609$18,774,402
89$21,732,878$5,410,887$3,413,763$20,559,668
90$23,874,475$5,600,864$3,452,967$22,523,043
91$26,232,147$5,797,781$3,491,117$24,682,572
92$28,827,859$6,001,906$3,528,103$27,058,133
93$31,685,815$6,213,514$3,563,809$29,671,629
94$34,832,684$6,432,892$3,598,112$32,547,194
95$38,297,854$6,660,340$3,630,885$35,711,416
96$42,113,707$6,896,168$3,661,991$39,193,594
97$46,315,925$7,140,700$3,691,288$43,026,008
98$50,943,827$7,394,273$3,718,624$47,244,228
99$56,040,742$7,657,236$3,743,842$51,887,446
100$61,654,412$7,929,955$3,766,776$56,998,845